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Posts Tagged ‘groups’

Italian-American Interest Groups Livid Over “Jersey Shore” Italy Move

We’re not sure what our European brethren did to deserve this, but TV’s most controversial “guidos” are packing their cans of fake tan and heading abroad, with MTV announcing that Jersey Shore will shoot its fourth season in Italy. Already seeped in a public relations stink caused by the series premiere of its controversial new [...]

Facebook, Twitter Users More Likely to Join Groups: Pew

Pew Research found that more Internet users than non-Internet users are inclined to belong to social groups and organizations. Sounds about right to Facebook and Twitter users. – It’s never been a stretch to connect that dot that people who are socially active on the Web may also be socially active in the non-virtual world. New research presents data that backs this theory up.
Pew Research Center’s Internet amp; American Life Project on Jan. 18 said that 80 percent of Inte…


Criminal groups at war, police director says

Serbian Police Director Milorad Veljović has stated that the most powerful criminal organizations in Serbia are currently at war.

“These organizations have been involved in drug and cigarette trafficking, as well as murders and money laundering, which was done through offshore companies and then used to buy government companies in Serbia,” he told daily Blic.

“Terror groups in Pak gotten more activated, gaining public support”: Musharraf

With mujahedeen groups gaining more “public support and sympathy” in Pakistan, extremism is on the rise in parts of the country, former president Pervez Musharraf has admitted. “Extremism is rising in certain pockets of society of Pakistan because of … religious militancy on both sides of Pakistan – east and west,” the Daily Times quoted [...]

Super Group’s 3Q net profit rises 49% to $13.6m

Super Group, the brand-owner of instant beverages and convenience foods, says it registered a 49% increase in net profit to $13.6 million for the three months ended 30 September 2010, powered by its dual-engine of growth — consumer goods and ingredients sales.

Revenue grew 12% to $86.8 million in 3Q10 with ingredient sales taking the lead. Ingredients sales jumped 47% to $14.5 million in 3Q10 from $9.9 million in 3Q09, driven by higher non-dairy creamer sales into China.

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Sunpower Group’s 3Q rose 38.4% to $3.95m

Mainboard-listed Sunpower Group, the China-based heat transfer technology specialist engaged in the design, R&D and manufacture of customised energy-efficient, energy-saving and environmental protection products, recorded a year-on-year (yoy) increase of 38.4% in net profit attributable to shareholders of RMB20.4 million ($3.95 million) for the three months ended 30 September 2010 (3QFY2010).

The double-digit growth is attributable to the surge in delivery of completed orders for the Heat Exchangers and Pressure Vessels segment and Heat Pipes and Heat Pipe Exchangers segment.

Revenue jumped 62.3% yoy to RMB265.9 million in 3QFY2010 from RMB163.8 million in 3QFY2009. The significant increase is attributable to:

  • 93.1% surge in Heat Exchanger and Pressure Vessels segment, contributing RMB183.2 million in sales.
  • 64.4% boost in Heat Pipes and Heat Pipe Exchangers segment, bringing in RMB50.4 million in revenue.

The group reported a 2.4 percentage points increase in gross profit margin to 23.2% in 3QFY2010 from 20.8% in the corresponding period last year. In line with the better gross profit margin, gross profit climbed 80.9% from RMB34.1 million in 3QFY2009 to RMB61.7 million in 3QFY2010.

The group’s balance sheet remained healthy, maintaining cash and bank balances of RMB187.7 million as at 30 September 2010. Inventories increased 19.2% to RMB250.4 million as at 30 September 2010 due to more raw materials purchased and work-in-progress products manufactured to meet the higher demand for Sunpower’s products.

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Q & M Dental Group’s China unit acquire 49% of Shenzhen New Perfect Exact Dental …

Q & M Dental Group (Singapore) says unit Q & M Dental Group (China) has entered into a binding memorandum of understanding to set up a joint venture with the shareholders of Shenzhen New Perfect Exact Dental Research Co. (SZNP), Peng Hui Chang, Peng Jian Chang and Guo Yu Chun.

SZNP is a equity joint venture incorporated with investment from Taiwan, Hong Kong and Macau in China and focuses on the technology development, dental device materials research and the processing and manufacture of dental devices.

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Bio-Treat’s independent auditor raises doubts on group’s ability to continue as going concerns

Moore Stephens LLP, the independent auditors of Bio-Treat Technology, has highlighted the existence of material uncertainties in its report on the company’s financial statements for year ending June 30, which may cast significant doubt to the ability of the group to continue as going concerns.

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Microsoft Security, Facebook Groups Controversy Lead News

A recap of the past week’s news is topped by a new Facebook controversy, plans for a record-breaking Microsoft Patch Tuesday and discussions of ‘collective defense.’ – It was a week that saw Facebook get hit once again with controversy and Microsoft announced plans for a massive security update.
On Oct. 6, Facebook announced plans for a new Groups feature to give users more control of who they share information with. The Groups are set to ‘closed by default, mean…


Facebook Groups, Apps Could Blunt Controversy

Facebook’s new applications could help the social networking site blunt some recent controversies, but probably wont stop people from "unfriending" over others’ posts. – Facebook CEO Mark Zuckerberg likely isnt
the worlds biggest fan of “The Social Network,” the new David Fincher movie
that portrays him as lacking a few niggling attributes, such as tact and
ethics. But he probably wouldnt deny that buzz over the flick is raising
Facebooks public profile just as …


Noble Group’s Leiman seeks to grow oilseeds business

Noble Group, the commodity supplier backed by China Investment Corp., is seeking to expand its grain and oilseeds business to take advantage of rising global food demand, Chief Executive Officer Ricardo Leiman said.

“We want to grow in the Black Sea in terms of the grains and oilseeds business,” Leiman said in an interview yesterday in Singapore. “That’s an area that we’re looking at. We want to continue to grow in China. We already have a big pipeline of projects.”

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Russian NGOs, rights groups ordered to submit documents

Some 20 Russian human rights organizations and nongovernmental organizations have been ordered to submit various financial and internal documents.
RFE/RL reports that the documents should be submitted to Moscow’s Prosecutor-General’s Office.

Jets Technics’ independent auditors cast doubt on group’s ability as going concern

Baker Tilly Hong Kong, the independent auditors of Jets Technics International Holdings, have highlighted an emphasis of matter in its report of the financial statements of the company and its subsidiaries for the year ended 31 May 2010. The auditor notes that the group had consolidated net current liabilities of HK$3,879,000 ($676,000) as at 31 May 2010. “This condition indicates the existence of uncertainty which may cast doubt about the group’s ability to continue as a going concern,” says Baker Tiller.

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Greenpeace responds to Sinar Mas Group’s plans to expand its palm oil operations in Liberia

Greenpeace has called on potential investors to avoid financing Golden Agri-resources (GAR), the Sinar Mas Group’s palm oil arm, which plans to expand into Liberia.

The environmental organisation says it has repeatedly exposed the Sinar Mas Group for illegally clearing forests and peatlands in Indonesia – a fact that has been confirmed by two independent auditors.

In August, Greenpeace sent a letter to the Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) alleging that the company tried to manipulate the market by misrepresenting the findings of the audit.

“Multinational corporations such as Burger King, Unilever, Kraft and Nestle have cancelled contracts with the Sinar Mas Group and global financial institutions, such as HSBC, are disinvesting in them.

We urge investors not to finance any expansion plans by the Sinar Mas Group until it stops destroying Indonesia’s forest and carbon-rich peatlands,” says Greenpeace Indonesia forest team leader, Bustar Maitar.

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Rival Islamic groups call off rallies

Two rival Islamic organizations in Serbia have called off both their rally and counter-rally. The gatherings were scheduled for today, in front of the Serbian government building in Belgrade.

Golden Ocean Group’s 2Q profit falls to $27m

Golden Ocean Group has reported profits of $26.9 million and earnings per share of $0.06 for the second quarter ended June 30, 2010. This compares with profits and earnings per share of $101.3 million and $0.22 respectively for the second quarter of 2009.

Total operating revenues for the second quarter were $126.5 million, total operating expenses were $93.5 million and net other loss was $0.5 million. The company reports profit of $50.7 million and earnings per share of $0.11 for the interim six months result. This compares with profit and earnings per share of $117.8 million and $0.51 for the interim six months result in 2009.

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Q & M Dental Group’s 1H net profit edges up 4% to $2m

Mainboard-listed Q & M Dental Group (Singapore), the provider of private dental healthcare services in Singapore, today reported that net profit rose 4% to $2 million for the first six months ended 30 June 2010 (1H10), from $1.9 million in 1H09.

Q & M Dental Group says this was achieved on a 27% increase in group revenue to $17.9 million in 1H10, lifted by higher revenue from existing clinics and additional revenue contribution from new dental outlets.

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Push for ban of extremist right-wing groups

Serbian President Boris Tadić has commented on calls to ban extremist right-wing organizations in Serbia.
Tadić said that he did not wish to interfere with the work of the Constitutional Court of Serbia, and added that he hoped this court would soon make its opinion known on the request to make the ban.

Broadway Industrial Group’s 2Q earnings rise 35% to $10.3m

Mainboard-listed Broadway Industrial Group, the manufacturer of precision-machined components and moulded foam plastic products, announced today a 34.9% y-o-y rise in PATMI (Profit After Tax and Minority Interests) to $10.3 million for the quarter ended 30 June 2010 (2Q2010) from $7.7 million a year ago.

Broadway says the group’s PATMI included a non-operational and unrealised mark-to-market forex charge of $2.9 million in 2Q2010 compared to $0.3 million in 2Q2009. Adjusted for these charges, Broadway would have recorded PATMI of $13.2 million in 2Q2010, representing a 65.0% y-o-y increase from $8.0 million in 2Q2009.

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“Crime groups, separatists main threat”

Interior Minister Ivica Dačić said that there were 27 registered organized crime groups at the end of 2009 in Serbia. He said that these crime groups have more than 200 members and that most sell and smuggle drugs.