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IBM Reports 2010 Second-Quarter Results

By Guest PostJuly 19, 2010Economy, Technology2010 earnings, africa, asia-pacific, chairman, Europe, gaap, generally accepted accounting principle, global services, gts, ibm, middle east, net income, revenues, samuel j. palmisano, second-quarter, total outsourcing services

ARMONK, N.Y. – 19 Jul 2010:

Diluted earnings per share of $2.61, up 13 percent;
30 consecutive quarters of EPS growth, 12 of last 14 at double digits;
Full-year 2010 EPS expectations raised to at least $11.25;
Net income of $3.4 billion, up 9 percent;
Pre-tax income of $4.6 billion, up 7 percent;
Pre-tax margin of 19.3 percent, up 1 point;
Revenue of $23.7 billion, up 2 percent, as reported and adjusting for currency;
Growth markets revenue up 14 percent; first-half revenue as large as total Euro zone revenue;
BRIC countries revenue up 22 percent;
Business Analytics revenue up 14 percent;
Software revenue up 2 percent, 6 percent excluding divested PLM operations;
Systems and Technology revenue up 3 percent;
Services revenue up 2 percent;
Services backlog of $129 billion, up $1 billion, adjusting for currency.

IBM (NYSE: IBM) today announced second-quarter 2010 diluted earnings of $2.61 per share compared with diluted earnings of $2.32 per share in the second quarter of 2009, an increase of 13 percent.

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Between the Nightmare of the Gulf and the Magic of Solar Impulse

By PravdaJuly 18, 2010Economy, Sciencealberta, alternative, bp, canada, China, cost efficient, deepwater horizon, deforestation, deserts, electricity, energy, environmental disaster, fort mcmurray, gulf of mexico, largest oil reserve, oil, oil sands, saudi arabia, Scandinavia, solar impulse aircraft, solar plane, solar stoves, sun ray, tar sands, thermo conversion, tibet, tibetan women, tsedang, unicamp data

While the BP Deepwater Horizon well spits tens of thousands of barrels of oil offshore on the Gulf of Mexico, an environmental disaster of proportions never before imagined, a beautiful new kind of bird flies silently in the skies on its first test flight.

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Football Saves Spain’s Economy from Decline

By PravdaJuly 17, 20102 commentsEconomy, Sportsabn amro banks, bloomberg, China, dutch, economic downturn, Economy, gold medal, ing, madrid, miguel sebastian, national debt, South Africa, spain, spaniards, spanish national team, stock market, world cup

The victory of the Spaniards over the Dutch in the World Cup will help the economy, experts say.

The euphoria of the victory improves the mood of the population, and the population in a good mood begins to spend more money and shop more frequently.

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World Market Nervous over BP’s Possible Collapse

By PravdaJuly 12, 20101 commentEconomy, Environmentarab sheikhs, azerbaijan, baku-tbilisi-ceyhan, bp, british ministers, british petroleum, ecological disaster, forties, gazprom, gulf of mexico, ivan tulyakov, libyan investment authority, north sea, oil giant, oil spill, persian gulf, pipeline, russia, shah-deniz, stock market, united arab emirates, ussr

The British Cabinet of Ministers gathered for a special meeting to discuss the future of one of the world’s largest oil companies in the world, British Petroleum, in connection with the liquidation of the consequences of the ecological disaster in the Gulf of Mexico.

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UN Predicts Global Rise of Food Prices

By Guest PostJune 27, 20103 commentsEconomyafrica, agricultural products, agronews, asian farmers, biofuel, brazil, bric, canada, Chicago, China, coarse grains, dairy products, developing countries, eastern europe, fao, food and agriculture organization, food colonization, food consumption, grain traders, India, oecd, organization for economic cooperation and development, russia, the philippines, ukraine, un, united states, us midwest, vitally salnik, Wall Street Journal, western europe, wheat

In the next ten years, prices for agricultural products in the world will grow in real terms by 15-40%, say experts from the Organization for Economic Cooperation and Development and the Food and Agriculture Organization of the UN. The reason for it is the increasing demand for food in developing countries and production of biofuels.

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Afghanistan’s Natural Wealth Evaluated at $1 Trillion

By PravdaJune 18, 2010Economyafghan economy, afghanistan, american geologists, blackberrys, China, cobalt, copper, drugs, gold, hamid karzai, iron, kabul, laptops, lithium, Pakistan, soviet scientists, taliban, united states

In Afghanistan, American geologists have discovered deposits of iron, copper, lithium, cobalt, and gold worth $1 trillion.

Experts believe that these reserves may not only stop the poverty in one of the poorest countries in the world, but turn Afghanistan in a flourishing country and one of the largest centers of natural resources excavation.

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