Friday, March 2, 2012
brightbridge wealth management: Brightbridge Wealth Management
brightbridge wealth management: Brightbridge Wealth Management: http://prsync.com/brightbridge-wealth-management/ Brightbridge is a world-wide private equity firm with the resources and expertise to sou...
Brightbridge Wealth Management
http://prsync.com/brightbridge-wealth-management/
Brightbridge is a world-wide private equity firm with the resources and expertise to source, evaluate, and manage private investments globally in both developed and developing markets and across many industrial and commercial sectors.
Brightbridge is manager of -- or principal advisor to -- private equity funds covering Asia, Latin America, Europe, Africa, and the Islamic countries that span the globe from North Africa through the Middle East and into Asia. These funds represent aggregate capital commitments of nearly $6.0 billion and several are the largest of their kind in their particular region.Website: brightbridgewealth-management.com
brightbridge wealth management: Brightbridge Wealth Management and Financial Plann...
brightbridge wealth management: Brightbridge Wealth Management and Financial Plann...: http://articles.brightbridge-wealthmanagement.com/ MADRID — Spain’s new conservative government approved sweeping labor market reforms Frid...
Brightbridge Wealth Management and Financial Planning Updated News Articles
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MADRID — Spain’s new conservative government approved sweeping labor market reforms Friday as part of a drive to revive a sick economy and solve Europe’s worst unemployment nightmare — a jobless rate of nearly 23 percent. The plan is designed to encourage companies to hire more people by cutting government-mandated severance packages and offering tax breaks for taking on young people. But the fast-track approval of the measures generated violent clashes between riot police and protesters who say they will be stripped of cherished worker benefits. More than 500 held a peaceful rally in Madrid’s central Puerta de Sol plaza late Friday, but it turned violent after some tried to march toward parliament and were blocked by police. Scuffles broke out, with officers using batons on demonstrators. At least eight protesters were detained and several officers sustained minor injuries, Spanish media reported. Before the mayhem, protester Cristina Fernandez waved a placard saying “Every cut mutilates my rights” and said the labor reforms won’t achieve the government’s goals. “To reduce unemployment, you need to create jobs, not simplify firing,” said Fernandez, a 52-year-old business consultant. Spain is eager to restore investor confidence, satisfy the European Union and other international institutions by seeking major structural reforms in order to cut its deficit and ward off fears that it could follow Greece, Ireland and Portugal in seeking a bailout. Under the new package of measures, Spanish companies facing hard times will be able to pull out of collective bargaining agreements and have greater flexibility to adjust an employee’s schedules, workplace tasks and wages depending on how the economy and the company are doing. The country’s severance packages — long seen as among the most generous of many countries — will also be cut from 45 days of severance pay per year worked to 33 days. A clause will also be introduced that will cut the amount of time companies can have their workers on temporary contracts with few benefits. Nearly a third of the work force in Spain is on temporary contracts, a huge percentage that makes the country’s jobless rate so volatile. As of Jan. 1 2013, workers must be moved on to permanent contracts after 24 months. Following Socialist reform of 2010 companies could run temporary contracts indefinitely. Small companies with 50 workers or fewer who hire people receiving jobless benefits will get 50 percent of that person’s unemployment benefit while the employee will continue to receive 25 percent of the payments along with their wage. This way the person gets a job and the government saves on a quarter of the dole payments. Meanwhile, self-employed people wishing to set up a business will receive tax breaks of €3,000 ($3,986) for the first person they hire if that person is under 30. Spain’s unemployment rate for people under 25 is almost a staggering 48 percent. The government said it will also oblige unemployed people to carry out social work or take part in job training programs, a measure officials say will help cut back on Spain’s huge underground economy.
MADRID — Spain’s new conservative government approved sweeping labor market reforms Friday as part of a drive to revive a sick economy and solve Europe’s worst unemployment nightmare — a jobless rate of nearly 23 percent. The plan is designed to encourage companies to hire more people by cutting government-mandated severance packages and offering tax breaks for taking on young people. But the fast-track approval of the measures generated violent clashes between riot police and protesters who say they will be stripped of cherished worker benefits. More than 500 held a peaceful rally in Madrid’s central Puerta de Sol plaza late Friday, but it turned violent after some tried to march toward parliament and were blocked by police. Scuffles broke out, with officers using batons on demonstrators. At least eight protesters were detained and several officers sustained minor injuries, Spanish media reported. Before the mayhem, protester Cristina Fernandez waved a placard saying “Every cut mutilates my rights” and said the labor reforms won’t achieve the government’s goals. “To reduce unemployment, you need to create jobs, not simplify firing,” said Fernandez, a 52-year-old business consultant. Spain is eager to restore investor confidence, satisfy the European Union and other international institutions by seeking major structural reforms in order to cut its deficit and ward off fears that it could follow Greece, Ireland and Portugal in seeking a bailout. Under the new package of measures, Spanish companies facing hard times will be able to pull out of collective bargaining agreements and have greater flexibility to adjust an employee’s schedules, workplace tasks and wages depending on how the economy and the company are doing. The country’s severance packages — long seen as among the most generous of many countries — will also be cut from 45 days of severance pay per year worked to 33 days. A clause will also be introduced that will cut the amount of time companies can have their workers on temporary contracts with few benefits. Nearly a third of the work force in Spain is on temporary contracts, a huge percentage that makes the country’s jobless rate so volatile. As of Jan. 1 2013, workers must be moved on to permanent contracts after 24 months. Following Socialist reform of 2010 companies could run temporary contracts indefinitely. Small companies with 50 workers or fewer who hire people receiving jobless benefits will get 50 percent of that person’s unemployment benefit while the employee will continue to receive 25 percent of the payments along with their wage. This way the person gets a job and the government saves on a quarter of the dole payments. Meanwhile, self-employed people wishing to set up a business will receive tax breaks of €3,000 ($3,986) for the first person they hire if that person is under 30. Spain’s unemployment rate for people under 25 is almost a staggering 48 percent. The government said it will also oblige unemployed people to carry out social work or take part in job training programs, a measure officials say will help cut back on Spain’s huge underground economy.
Friday, September 23, 2011
Brightbridge Wealth Management Headlines: Weaker prices dent S. Korea’s IT exports in Aug.
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SEOUL, Sept. 7 (Yonhap) — South Korea’s exports of information technology (IT) products shrank from a year earlier for the second straight month in August largely on lower global prices, the government said Wednesday.
The country exported US$13.06 billion worth of IT products last month, down 2.4 percent from $13.39 billion in the same month last year, according to the Ministry of Knowledge Economy.
The country’s trade surplus in the IT sector dwindled from slightly over $7 billion last year to $5.97 billion as its IT imports surged 11.2 percent on-year to $7.1 billion.
In the first eight months of the year, South Korea shipped $99.75 billion worth of IT products, up 34.7 percent from the same period last year.
“Overall exports dropped in August due to a drop in prices of some products, including computer memory chips and display panels, but exports of mobile phones jumped 10.2 percent to $2.07 billion amid improving competitiveness of smartphones by local manufacturers,” the ministry said in a press release.
South Korea became the world’s largest manufacturer and exporter of smartphones in the second quarter of the year with a 23.1 percent share of the global market, and also the world’s largest supplier of all mobile phones with a 24 percent global market share in terms of monetary value, it said.
SEOUL, Sept. 7 (Yonhap) — South Korea’s exports of information technology (IT) products shrank from a year earlier for the second straight month in August largely on lower global prices, the government said Wednesday.
The country exported US$13.06 billion worth of IT products last month, down 2.4 percent from $13.39 billion in the same month last year, according to the Ministry of Knowledge Economy.
The country’s trade surplus in the IT sector dwindled from slightly over $7 billion last year to $5.97 billion as its IT imports surged 11.2 percent on-year to $7.1 billion.
In the first eight months of the year, South Korea shipped $99.75 billion worth of IT products, up 34.7 percent from the same period last year.
“Overall exports dropped in August due to a drop in prices of some products, including computer memory chips and display panels, but exports of mobile phones jumped 10.2 percent to $2.07 billion amid improving competitiveness of smartphones by local manufacturers,” the ministry said in a press release.
South Korea became the world’s largest manufacturer and exporter of smartphones in the second quarter of the year with a 23.1 percent share of the global market, and also the world’s largest supplier of all mobile phones with a 24 percent global market share in terms of monetary value, it said.
Brightbridge Wealth Management Headlines: New Patents From Google Shore up HTC’s Defenses
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Armed with new patents transferred from Google, HTC has filed a new lawsuit against Apple and amended two previous legal complaints.
HTC filed the new lawsuit against Apple Wednesday in the U.S. District Court for the District of Delaware. HTC accuses Apple of infringing four patents in a range of products and services including Macintosh computers, iPhones, iPods, iPads, iTunes, MobileMe and iCloud.
The four patents were originally assigned to Motorola but were all transferred to Google either late last year or early this year. Then, last week, all four patents were transferred to HTC.
HTC did not respond to questions about whether it bought the patents from Google or if Google gave it the patents.
In addition, HTC on Wednesday amended its complaint against Apple with the U.S. International Trade Commission (ITC) to assert five former Google patents. Those patents originated with Palm and Openwave, were transferred to Google and last week were transferred to HTC.
HTC also amended another previous suit, filed in Delaware, to add the new patents to that complaint.
HTC’s new complaints are the latest in an ongoing battle with Apple, which has attacked several Android licensees in court. The disputes are an indication of just how competitive the mobile phone market has grown. Apple and Android have the largest market shares in the mobile market in the U.S.
In July, the ITC issued an initial determination that HTC infringed two Apple patents. The ITC has also agreed to investigate a separate complaint against HTC filed by Apple and is investigating an HTC complaint against Apple.
HTC has had a relatively weak patent portfolio compared to its competitors. Having access to the new patents from Google could help it shore up its defenses in its disputes with Apple.
In addition to the HTC lawsuit, Apple has filed suits against Samsung and Motorola. It has instigated the banning of Samsung tablets in Australia and Europe.
Tuesday, August 30, 2011
Brightbridge Wealth Management Headlines: Investors fear stock markets haven’t hit bottom
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The Dow closing down 512.76 points to 11,383.68 will rank as one of the Top 10 worst single-day point drops in the stock index’s history, and has left many financial experts asking if the worst is yet to come.
Some analysts are questioning whether Wall Street’s expectations for corporate earnings for the third quarter are too high and may have to be pulled back. If that happens, it could be a wave of negative news that drives stocks down lower.
Bruce McCain, chief investment strategist at Key Private Bank, told MarketWatch that investors are worried about how to “get out of this roller coaster of the relentless onslaught of bad news.”
“We’re just worrying ourselves to death,” McCain told the online news site.
Bill Stone, chief investment strategist atPNC Financial Services Group , told the Associated Press that investors continue to be bombarded by worries about the global economy.
And Sam Stovall, chief investment strategist at Standard & Poor’s , told the New York Times that stock markets are now in correction mode, and that there could be “another couple of weeks to go before it bottoms.”
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