Wednesday, November 16, 2011

Citigroup (NYSE:C) Could Cut 3,000 Jobs To Reduce Costs. Potential upside of 55% to $43.43.

Uploaded by on Nov 16, 2011
The Wall Street Journal reports that U.S. Bank Citigroup might be canning some of its staff to cut costs. A person familiar with the company's plans says Chief Executive Officer Vikram Pandit has discussed cutting as many as 3,000 jobs to reduce spending.

The reduction is currently equal to around one percent of the staff with almost a third of the layoffs coming from the bank's trading and investment banking operations the person said.

This report comes after Pandit shuffled his top managers last week, appointing Manuel Medina-Mora to global consumer and commercial banking and making Mike Corbat the sole CEO for Europe, the Middle East and Africa. This move was also seen to increase revenue for the company, focusing on the emerging markets in Asia and Latin America.

Citigroup (NYSE:C) has potential upside of 55% based on a current price of $28.02 and an average consensus analyst price target of $43.43.

The Wall Street Journal reports for Wednesday, November 16th. Uploaded by FinancialNewsOnline

Uploaded by on Nov 16, 2011
This is what's in the news for Wednesday, November 16th. The Wall Street Journal reports that Sam Zell's Equity Residential (NYSE:EQR) emerged as the lead bidder to buy about half of Archstone, and offered over $2.5B in cash and stock to buy the 53% equity stake now held by Bank of America (NYSE:BAC) and Barclays (NYSE:BCS). The Wall Street Journal reports that J.P. Morgan Chase (NYSE:JPM) plans next year to issue the first U.S. commercial mortgage-backed securities supported by defaulted loans since the 1990s. Reuters reports that Peabody Energy (NYSE:BTU) acquired 90% of Macarthur Coal, allowing the U.S. coal miner to compulsorily buy the remaining shares and increase its offer to $4.98B. Finally, Bloomberg reports that Bayer AG (PINK:BAYRY) expects its Asian sales to grow over 60% by 2015, and said revenue in the region may exceed $15B by then.

Target (NYSE:TGT) reported Q3 earnings EPS of $0.82 (expectation $0.74)


Uploaded by on Nov 16, 2011
Target (NYSE:TGT) reported Q3 earnings this morning, posting EPS of $0.82, topping expectations for $0.74. Revenue for the quarter rose 5% to $16.1 billion, behind estimates for $16.27 billion.

Gregg Steinhafel, chairman, president, and chief executive officer of Target Corporation said, "We're very pleased with our third quarter financial results, which reflect strong performance in our U.S. Retail and U.S. Credit Card segments. We're confident that we have the right strategy and team in place to drive continued strong performance this holiday season and well into the future, allowing us to continue rewarding our shareholders while investing millions of dollars each week to support the many local communities where our guests and team members live, work and shop."

Target (NYSE:TGT) has potential upside of 10.4% based on a current price of $53.18 and an average consensus analyst price target of $58.73.

Tyco International (NYSE:TYC) Beats Expectations in Q4 - EPS of $0.92 (consensus $0.86)

Uploaded by on Nov 16, 2011
Tyco International (NYSE:TYC) reported Q4 Earnings before the market opened today, posting EPS of $0.92, topping consensus estimates for $0.86. Revenue for the quarter came in at $4.69 billion, also topping estimates for $4.51 billion.

Chairman and Chief Executive Officer Ed Breen said, "We delivered a very solid quarter with strong organic revenue growth and continued operating margin improvement which helped drive a 24% increase in earnings per share. Throughout the year, we continued to increase our investment in R&D and technology while completing strategic acquisitions to strengthen our core security, fire and flow control businesses. With our strong base of recurring and service revenue, continuing order momentum in our late cycle businesses and our focus on restructuring and productivity initiatives, we are well-positioned for continued growth in 2012. We are on track with our recently-announced plan to separate Tyco into three standalone public companies in this fiscal year. This marks an exciting new opportunity for all three companies to pursue their own focused growth strategies and create significant shareholder value."

Tyco International (NYSE:TYC) has potential upside of 13.6% based on a current price of $45.79 and an average consensus analyst price target of $52.

Changing tourism in Latin America

Published on Nov 16, 2011 by
http://www.euronews.net/ The most common images of tourism are sun, sea and sand, and Margarita Island, in the Venezuelan Caribbean, certainly has all of them. It is also a good place to see where Latin American tourism is going, and how it is adapting to new realities.

The island hosted this year's International Tourism Fair (FITVEN 2011), with 11 guest countries, including Colombia, Cuba or Dominican Republic.
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Russell Grant's Daily Horoscopes for Thursday 17th November 2011

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Low from $14.99 to Get Your Fashion Lucky Horoscope Clothes, Saves A Lot. Just Be Quick!
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Aries (Mar21/Apr20) You're intent on doing things your way, even if it means stepping on somebody's toes. In the past, you were willing to go with the flow, even when you disagreed with the game plan. Now you see how much time and money such an attitude has cost. Unlike most members of your team, you're very resourceful. You know how to deliver projects on time and under budget. If somebody has a problem with your methods, they'll be too afraid to tell you.
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Taurus (Apr21/May21) People are drawn to you like bees to a flower and it's because you're such a good conversationalist. Somehow, you're able to find common ground with everyone you meet. If you hit a dead end, you can always ask a newcomer all sorts of questions about their background, tastes, and hobbies. People love talking about themselves with an interested party. If you're single, you could meet someone special at a bakery, school, or property viewing.
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Gemini (May22/Jun21) An ability to detect people's hidden motives gives you an edge on the competition. A colleague who has been sending mixed signals is really trying to intimidate you. By remaining cool in the face of their power plays, you'll gain the upper hand. Don't back down if this pest threatens to badmouth you. Your stellar reputation can't be marred by idle gossip. Continue to do your job and don't look for anyone else's approval. Everybody knows who the superior worker is.
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Cancer (Jun22/Jul23) You'll be able to make money from your creative efforts. The key is to present them in an attractive way. If you're shy about promoting your own talent, enlist the aid of a charming Libra who has impressive sales experience. With their help, you can get an audience with an impressive gallery owner, agent, or manager. By getting the right representation, you'll gain a big following. Pretty soon, you'll be able to quit your day job and devote all of your energy to music, art, dance, or theatre.
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Leo (Jul24/Aug23) Spending more time at home provides much relief. You're tired of having to put on a false face for the outside world. When you're with your nearest and dearest, you know you can make certain jokes without being misunderstood. It's also easy to get your needs met. Relatives know you need lots of praise and encouragement. They don't hesitate to give compliments when you've done a good job. This encouragement prompts you to work hard to make your home warm and welcoming.
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Virgo (Aug24/Sep23) Obey the temptation to slip away from the madding crowd as you're tired of being on call. Recently, neighbours and relatives have become overly dependent on you. You're fed up of being expected to help them with the simplest tasks. Fortunately, you have a lovely opportunity to visit a glamorous getaway. Take this opportunity to dress up, have fun, and meet new people. Pretty soon, the weight that has been heaped on your shoulders will magically dissolve. What a relief!
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Libra (Sep24/Oct23) Use your charms to change an outmoded institution. You're a big believer that everything in life should either be useful or beautiful. If an inefficient or ugly environment is driving you crazy, do something to change it. Enlist the aid of a prominent civic organisation. At first, the powers that be will be sceptical of your plan. The longer you flirt, joke, and cajole the greater progress you will make. It's only a matter of time before you've got these people wrapped around your little finger.
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Scorpio (Oct24/Nov22) You're tired of being passed over for promotions but part of the problem is you dislike drawing attention to yourself. You'd rather stay in the shadows, where you can operate undisturbed. As a general rule, this approach works well for you, but it does have its drawbacks. For one thing, certain authority figures are unaware of your contributions. They just assume the organisation works seamlessly. By highlighting your contributions, the powers that be will realise just how valuable you really are.
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Sagittarius (Nov23/Dec21) You long for a new adventure and taking a holiday to a gorgeous island or result is just what the doctor ordered. Fortunately, you can find some great deals with a little research. Travelling off season can result in a tremendous savings. Alternatively, you might decide to rent someone's home, rather than staying in a costly hotel. You'll be able to find lots of options through the Internet. A well travelled friend will also give you some valuable pointers on saving money.
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Capricorn (Dec22/Jan20) Healthy self respect causes others to defer to you. If you've been in a troubled relationship, assert your needs now, and don't back down. Your partner needs to know you won't tolerate outrageous behaviour. Catering to their needs at the expense of everyone else's is wrong. Stand up for a vulnerable child, friend, or neighbour who has been suffering from your amour's narcissistic behaviour. It takes a strong advocate like you to correct dysfunctional dynamics.
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Aquarius (Jan21/Feb19) You're torn between doing the responsible thing and throwing caution to the wind. Whilst it's admirable you're so protective of a loved one, your concern can be smothering. Encourage your friend to take a risk, even if it could lead to a financial loss or personal disappointment. The best things in life require an element of sacrifice. It's better to be let down than always wonder what might have been. Besides, there is a very good chance your friend will succeed.
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Pisces (Feb20/Mar20) Although you don't like being held to a routine, it is sometimes good to follow one. Lately, you've been letting a lot of jobs fall through the cracks. Make a list of everything you must do, and then start crossing off items one by one. Put time sensitive tasks at the top. Renew your license, pay your bills, and respond to urgent enquiries. If you stay focused, you'll get the majority of these duties off your desk, allowing you to enjoy a relaxing evening with loved ones.
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From: MrAtariST  | Nov 12, 2011  | 364 views
Russell Grant and Flavia Cacace dancing the American Smooth to 'I Am What I Am' from Shirley Bassey. Including judges scores.

Strictly Come Dancing 2011, Season 9, 12 november 2011.
Chelsee Healey and Pasha Kovalev - Foxtrot
Robbie Savage and Ola Jordan - American Smooth
Anita Dobson and Robin Windsor - Argentine Tango
Holly Valance and Brendan Cole - Rumba
Audley Harrison and Natalie Lowe - Cha Cha Cha
Jason Donovan and Kristina Rihanoff - Viennese Waltz
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cinema: Twihard fans camp out for Breaking Dawn premiere


Published on Nov 16, 2011 by
http://www.euronews.net/ Breaking Dawn, the penultimate episode in the hugely-successful Twilight saga, has just premiered in the US. So-called Twihard fans camped out for days beforehand, determined to catch a glimpse of the stars of Stephenie Meyer's vampiric romance.

Europe - Common culture is key to economic re-launch

Published on Nov 16, 2011 by
http://www.euronews.net/ Frédéric, from Brussels, asks:

In the current context of growing euroscepticism among people who despair for European integration for the moment, I'd like to know your vision and your position on the role played by culture and the creative industries in contributing towards the renewal of Europe.

Maria Badia i Cutchet, MEP with the Socialists and Democrats, responds: