US STOCKS-Wall St gains as Greek election fears ease - Reuters UK US STOCKS-Wall St gains as Greek election fears ease - Reuters UK

Thursday, June 14, 2012

US STOCKS-Wall St gains as Greek election fears ease - Reuters UK

US STOCKS-Wall St gains as Greek election fears ease - Reuters UK

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Announcing New Google Plus (G+) and Google+ Local Training For Business “What … - YAHOO!

Google has converted 80 million Google Places pages worldwide into Google+ Local pages. Google+ trainers Yifat Cohen and Maya Mendoza launch new G+ and Google+ Local courses to teach business owners what they need to know and do to generate leads and increase profits.

Austin, Texas (PRWEB) June 14, 2012

Google Plus is rapidly & completely changing Search and the way people find things online. And as Google integrate all Google services into Plus (G+) the question for every business must be: What will this mean for your business?

The latest change has seen the demise of Google Places. Google Places (Maps) has been a powerful Search & Reviews ally for companies looking to boost their local popularity. Now Google is taking the first step to eradicate millions of Google Places pages and morph then all into new Google+ Local pages.

Why is Google making these changes?

Maya Mendoza, Social SEO trainer and founder of Milagro Fusion Marketing said:

“This is Google's move to ramp up social integration. Fundamentally Google+ Local Pages for business are an evolution of Places pages with a more powerful and comprehensive system for customer and client reviews”

Google believe that the new Google+ Local will bring people more relevant and better trusted results from their search queries.

Mendoza continues “This really is quite an exciting shift and businesses can expect a lot more radical changes to come".

As with any update there are bugs and lingering issues as a result of the major update. It appears that the transition from Google Places into the new Google+ Local pages have left many Google business users in a state of confusion and disarray.

For business owners who use Google Places already and understand the power that it brings to local search this integration with Google+ Business Pages has generated both concern and excitement.

When asked how Google Places owners have responded to the changes Hangouts Host and G+GoTo Gal Yifat Cohen said:

"The main concern Google business users have expressed is that the changes came with no apparent warning. Many are worried about how Google+ Local will effect their search results and page rank and do not know what steps to take to maximise this opportunity."

Cohen continued "Although Google are promising increased merchant benefits from the new business rating system, and are planning to roll out many more helpful merchant features, this radical and sudden change to how they generate business has rocked the boat"

Both Cohen and Mendoza agree that the sudden switch over to Google+ Local pages raises a lot of questions for business owners. They have joined forces to bring effective Strategic Google Plus (G+) and Google+ Local Training & Services to their clients and a wider business audience across the USA and UK.

“The message that business can no longer afford to ignore the impact of social search is not getting across to people” says Mendoza “both Yifat Cohen and I are on a mission to help people get on board and benefit before their businesses get left behind”.

Business owners who wish to get more information about the upcoming trainings may register their interest by completing a short form at this Google Plus Training page

Patrick Tuttle
Milagro Fusion Marketing
443 807 8383
Email Information

Will the fishing discard deal be enough to save fish stocks? - The Guardian

A historic deal agreed on Wednesday to end the wasteful practice of throwing away healthy fish in European waters was hailed as a "breakthrough" by campaigners and politicians – but it will not be enough in itself to save fish stocks?

The discards ban will be phased in over several years, and the move to a scientific basis for fishing – a so-called maximum sustainable yield – has been delayed to 2020, which some campaigners said was too late.

EU citizens have been urged to keep fighting on the issue, to try to strengthen the measures and prevent likely backsliding among some member states.

Pressure from the public was one of the biggest factors in securing the deal. People have been so appalled by the throwing back – dead – of millions of tonnes of edible fish while European fish stocks dwindle that politicians were forced to act.

Hugh Fearnley-Whittingstall, the food writer who spearheaded the FishFight campaign against discards, said the 800,000 people who had signed up to his campaign should be proud. "We have cleared a massive hurdle [in achieving agreement on a ban] and I've been really pleased with the way we've kept this in the public eye," he told the Guardian. "FishFighters should be feeling very upbeat."

But he called on people to keep up the pressure, because Wednesday's agreement will now be subject to months of backroom negotiating and debates in the European parliament. Despite the public support of some MEPs, several member states are against the ban and many MEPs vote in favour of fishing industry interests, so there is no guarantee that the parliament will pass the ban without strong public pressure.

"We are not home and dry," said Fearnley-Whittingstall. "But the outrage factor [among the public] is simply not going away."

There is also a danger that member states will try to backslide on some of the key dates agreed for phasing out discards, which many fishermen want to keep because the practice enables them to boost profits by throwing away lower value fish.

The compromise deal, which will mean discards of edible fish are phased out from 2014 to 2018, was clinched early on Wednesday morning after more than 18 hours of tough negotiations. Some nations held out until the last minute against a ban, before bowing to pressure. France was the fiercest opponent – the French minister was said to have agreed to the compromise only after phoning Francois Hollande, the new prime minister, close to dawn.

But the key dates for phasing out discards – 2014 for species such as mackerel and herring, a gradual phase out between 2015 and 2018 for cod, haddock and other white fish – are still in doubt. That is because they have been included in the agreement on a provisional basis only – they will be the subject of intense negotiations. If the dates survive intact, the European parliament is likely to vote on them in November.

Even if the dates are agreed, the measures will not be enough to guarantee the survival of key fish stocks, however. The delay of a move to a "maximum sustainable yield" until 2020 would result in the further destruction of EU fish stocks, warned Greenpeace. Saskia Richartz, Greenpeace fisheries policy director, said: "After decades of bad fisheries management that has devastated fish stocks, ministers are failing miserably on their promise of an overhaul of EU fisheries management. They want to leave reform hanging in the balance, condemning fish and fishermen to another decade of overfishing and stock decline, with dire consequences for species like cod, hake and tuna."

Xavier Pastor, executive director of the marine conservation group Oceana, said: "Although this result is highly disappointing, particularly with regards to the discard ban, it is realistically the best outcome we could have expected from the Fisheries council. Ministers did not question the need to change fisheries management, they just admitted that they are not ready to do it right now. It is now up to the parliament to lead and make the necessary and immediate changes required."

CANADA STOCKS-TSX may drop as euro zone borrowing costs rise - Reuters UK

Thu Jun 14, 2012 1:35pm BST

Jun 14 (Reuters) - Canada's main stock index looked set to open lower on Thursday as a three-notch downgrade on the Spanish debt ahead of Greek elections this weekend and rising Italian and Spanish borrowing costs weighed on sentiment in equity markets.


* Chancellor Angela Merkel rebuffed pressure for Germany, Europe's most powerful economy, to underwrite debt or guarantee bank deposits in the euro zone as Spain's soaring borrowing costs raised new alarm.

* Italy's three-year borrowing costs spiked to 5.3 percent at an auction on Thursday, underlining the mounting pressures on the euro zone's third-largest economy after a Spanish aid deal failed to convince investors the bloc's crisis can be contained.

* Credit ratings agency Moody's Investors Service cut its rating on Spanish government debt on Wednesday by three notches to Baa3 from A3, saying the newly approved euro zone plan to help Spain's banks will increase the country's debt burden.

* Canadian travel operator Transat AT Inc posted a second-quarter loss, hurt by higher fuel costs and lower prices for holiday packages.

* Nokia plans to cut one in five jobs at its global cellphone business as it loses market share to rivals Apple and Samsung and burns through cash, raising new fears over its future. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ To receive an early e-mail of Reuters Morning News Call - Canada -- a preview of market moving news -- Thomson Reuters subscribers can register at ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


* Canada stock futures <0#SXF:> traded down 0.09 percent

* U.S. stock futures <0#SP:>, <0#DJ:>, <0#ND:> were mixed in the range of -0.1 percent to 0.14 percent

* European shares, were down


* Thomson Reuters-Jeffries CRB Index : 269.16; was down 0.05 percent

* Gold Futures : $1620; rose 0.12 percent

* US Crude : $82.55; fell 0.08 percent

* Brent Crude : $96.44; fell 0.71 percent

* LME 3-month Copper : $7376.25; fell -0.19 percent


* CAE Inc. : The aviation trainer said it sold four flight simulators to Aviation Industry Corp of China, Singapore Airlines and two other companies for C$65 million. CAE said it was awarded a series of military contracts valued at more than C$110 million.

* Evertz Technologies Ltd. : The broadcast equipment maker reported a 9 percent rise in quarterly profit on higher international sales. Its fourth-quarter earnings rose to 18 Canadian cents per share from 16 Canadian cents per share, a year earlier. Revenue rose 11 percent to C$76.3 million, while international region revenue rose 42 percent to C$39.6 million.


Following is a summary of research actions on Canadian companies reported by Reuters.

* Allied Nevada Gold : RBC cuts price target to C$50 from C$51 on valuation; rating outperform

* Bauer Performance : CIBC ups target to C$11 from C$10 to reflect acquisition of Cascade, rating sector outperformer

* Dollarama : CIBC raises price target to C$69 from C$59 and Barclays raises price target to C$65 from C$55 after stronger-than-expected quarterly results

* Duluth Metals : NBF cuts target to C$3.75 from C$4.95 on industry headwinds and timing considerations for the development of Maturi and Birch Lake; rating outperform

* Lake Shore Gold : NBF cuts price target to C$2.90 from C$3 on delay in mill expansion


* Major Canadian economic data includes Industrial capacity utilization and home prices

* Major U.S. events and data includes current account balance, consumer prices, real earnings and initial jobless claims ($1= $1.02 Canadian) (Reporting By Mohit Malukani)

Canadian Financial System Robust But Highly Susceptible to Euro Crisis - DailyFx

THE TAKEAWAY: [Bank of Canada’s Financial System Review released] > [High risks to Canadian economy if euro crisis worsens] > [USDCAD little changed]

In its semi-annual Financial System Review released today, the Bank of Canada (BoC) cited continued robustness of Canada’s financial system and relative stability in domestic credit markets despite the fragile global environment. However, the Bank warned of high dangers to the Canadian economy if the European sovereign debt crisis worsens, emphasizing that worsening conditions in the euro zone could cause “major shock” to Canada.

The sources of major risks to the stability of Canada’s financial system remain broadly the same as those reported in the December 2011 Review, as outlined below:

  • Further escalation of the euro-area sovereign debt crisis;
  • An economic slowdown in other advanced economies;
  • Financial stress in the Canadian household sector;
  • A disorderly resolution of global current account imbalances; and
  • Excessive risk-taking associated with a prolonged period of low interest rates.

Should the euro debt crisis continue to intensify, further weakening in global economic would fuel sovereign fiscal strains and heighten risk aversion. This would exacerbate pressures on bank balance sheets and ensuing tightening of lending conditions would further dampen global economic growth. Diminished growth prospects would foster expectations of continued low interest rates, possibly eroding the financial positions of life insurance companies and pension plans while boosting household borrowing in Canada.

The Bank stated that mitigation of risks to the global financial system requires a number of policy actions, with containment measures in the euro area at the forefront of priorities. Mitigation measures abroad include adequately capitalizing euro-area banks, reinforcing financial firewalls, enforcement of structural and product market reforms, and a clearer path for risk mutualization within the European monetary union. Globally, current account imbalances must be addressed to help foster sustainable and balanced global economic growth.

Domestically, “the high indebtedness of the household sector and elevated valuations in the housing market require continued vigilance”. In regards to broader financial reform, Canadian banks plan to implement Basel III capital rules as a key priority, which will help build a resilient market infrastructure in future.

USDCAD 1-minute Chart: June 14, 2012

Canadian_Financial_System_Robust_But_Highly_Susceptible_to_Euro_Crisis__body_Picture_1.png, Canadian Financial System Robust But Highly Susceptible to Euro Crisis

Chart created using Market Scope – Prepared by Tzu-Wen Chen

The loonie remained largely unchanged against the greenback, as few developments have come out since the Bank’s December 2011 Review. At the time of this report, the USDCAD pair was trading at C$1.0246 to the dollar.

--- Written by Tzu-Wen Chen, DailyFX Research

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