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Friday, July 19, 2013

Whirlpool profit surges as sales rebound, shares jump

By James B. Kelleher

CHICAGO (Reuters) - Whirlpool Corp posted a stronger-than-expected jump in quarterly profit and raised its full-year outlook on Friday, citing sales gains in all of its markets, including Europe and North America.

The results suggested U.S. and euro zone consumer confidence may be turning the corner after being battered by debt crises and austerity measures in Europe and a weak economic recovery and high unemployment in the United States.

Whirlpool shares jumped 6.1 percent at $126.63 in early trading.

Investors were searching for such signs of growth as China's economy continued to slow. Whirlpool, the world's largest appliance maker, and Swedish rival Electrolux AB have been anxious for signs of a rebound in mature markets. Sluggish sales there have forced them to rely more on still-growing markets and shift production from high-wage countries to lower-cost centers.

Whirlpool reported second-quarter profit of $198 million, or $2.44 a share, up from $113 million, or $1.43 share, during the same period last year.

Sales at the maker of Whirlpool, Maytag and KitchenAid appliances rose 5.3 percent to $4.74 billion.

The mean of analysts' estimates was for net income of $189 million and revenue of $4.66 billion, according to Reuters data.

Also on Friday, Electrolux posted second-quarter earnings in line with analysts' expectations and reported the first rise in total industry shipments of appliances in Europe in six quarters.

The Swedish company forecast a rebound in demand for its products in Europe accelerating in 2014, and raised its outlook for the United States this year, citing the country's housing recovery.

David MacGregor, an analyst at Longbow Research, called the results from both consumer bellwethers "very encouraging."

For Whirlpool, the gains were led by big unit sales increases in Europe and Latin America, where revenue rose nearly 6 percent, and the United States, where revenue was up 5.1 percent.

Whirlpool's focus on margin improvement was reflected in operating profit in Europe and Latin America, which jumped 77 percent and 31 percent, respectively.

The Benton Harbor, Michigan-based company increased its full-year diluted earnings forecast to a range of $10.05 to $10.55 a share from $9.80 to $10.30.

(Additional reporting by Mia Shanley and Sven Nordenstam in Stockholm; Editing by W Simon and Jeffrey Benkoe)

Source: http://news.yahoo.com/whirlpool-profit-surges-sales-rebound-shares-jump-143230695.html

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Microbes can influence evolution of their hosts

[unable to retrieve full-text content]Contrary to current scientific understanding, it appears that our microbial companions play an important role in their hosts' evolution. A new study provides the first direct evidence that these microbes can contribute to the origin of new species by reducing the viability of hybrids produced between males and females of different species.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_health/~3/lfigNHiK1l8/130718142417.htm

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E. Texas physician's assistant pleads guilty to 2 counts of indecent exposure

HARRISON COUNTY, TX (KLTV)- A physician's assistant who worked in East Texas pleaded guilty on Wednesday in a Harrison County courtroom?to two counts of indecent exposure.

Investigators began looking into Christopher Magill after receiving multiple complaints from women alleging inappropriate conduct.?

The victims told authorities that during their exam, Magill would ask very personal questions that were unrelated to their medical complaints.

Each of the women told officials that Magill exposed himself in the exam room, after discussions with the patients on their personal lives.

One of the women stated Magill touched her breasts inappropriately during an exam for a completely unrelated illness.

Magill was sentenced to 18 months probation. He must also surrender his physician's assistant license and cannot work in that field again.

"We spent a lot of time speaking with the victims in this matter and talking to them about their wishes, and it was their main wishes that he gets help. The victims don't want to go through the trial process and have to testify to all of this. So he loses that time and effort that he put into that that way he can't be in a position," said Harrison County District Attorney Cike Solomon?

He must pay a $500 dollar fine, perform community service, and go through continued therapy. As part of the plea, a third indecency
charge and a charge of assault by physical contact were dropped.?

Source: http://longview.kltv.com/news/news/197061-e-texas-physicians-assistant-pleads-guilty-2-counts-indecent-exposure

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Thursday, July 18, 2013

Liquidmetal iPhone, iPad or iWatch teased in patent release http://wp.me/pj722-1dD7

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Source: http://www.facebook.com/SlashGear/posts/566011446771427

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If Facebook Was a Board Game

You probably use Facebook too much and don't play board games enough. That's not right! But what if Facebook was a board game instead? How would it work? Graphic designer Pat C. Klein imagined Facebook as a board game and came up with some clever Monopoly-style rules.

Texas Institutes Abortion Restrictions, and More

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Sumeet Singh commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Place Your Call For EURUSD Friday's London Open Price

Afternoon guys

After a break of a few weeks due my own incompetency to perform multitasks - please accept my apologies again :( - we are back with our casual contest? "Forex Oracle of the Week", this case in EURUSD.

Rules:

1. Remember to place here you call for EUR/USD price for Friday July 19th 2013 London Open at 7:00AM GMT or 8:00AM BST (British Summer Time).

2. Just place ONE forecast. example: EURUSD at 1.3010

3. All forecasts must be placed before Wednesday May 17th 12:00AM GMT or 13:00PM BST.

4. There will be a prize for the one of you that approaches the most to the open price. Does not matter if you got short or you exceeded the open price, the closest win. Using different words, the guy with less pips of difference with the open price, win.

5. In? case of multiple winners, the trader that made the call first wins

6. Only registered members can participate in the contest

And the prize?

By Anna Coulling
Here in the UK we have a product called Marmite. It is a deeply divisive food, which you either love or hate. Those who love it, cannot understand how anyone could live without it - and of course, the opposite is true for those who hate it!
This same sentiment could be applied to volume as a trading indicator.
In other words, you are likely to fall into one of two camps. You either believe it works, or you don't. It really is that simple. There is no halfway house here!I make no bones about the fact that I believe I was lucky in starting my own trading journey using volume. To me it just made sense, and the logic of what it revealed was inescapable. And for me, the most powerful reason is very simple. Volume is a rare commodity in trading - a leading indicator. The second, and only other leading indicator, is price. Everything else is lagged. +info.

Source: http://www.forexstreet.net/xn/detail/3252082%3AComment%3A553262?xg_source=activity

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