U.S. factories cranked out more business equipment, home electronics and autos last month, boosting manufacturing output for the second straight month.
The Federal Reserve said Tuesday that manufacturing production rose 0.3 per cent in June from May. That followed a 0.2 per cent gain the previous month. Still, the two consecutive gains barely offset production declines in March and April.
Overall industrial production, which includes factories, mines and utilities, also rose 0.3 per cent in June. Mining output increased 0.8 per cent, while utility output slid 0.1 per cent.
Manufacturing is the most critical component of industrial production. The recent gains are a hopeful sign that factories could rebound in the second half of the year.
The “report confirms the picture of a moderate recovery in the manufacturing sector,” Annalisa Piazza, senior economist at Newedge Strategy, wrote in a research note.
Manufacturers have struggled this year, providing little support to the economy. Their output is up just 1.8 per cent over the past 12 months. And factories have cut jobs in each of the past four months, shedding a total of 24,000 since February.
A key reason for the weakness is slower global growth has cut demand for U.S. exports. Europe is still in a recession and China’s economy grew from April through June at the slowest pace in more than two decades.
Manufacturing has shown improvement in Britain, France and Italy. Large Japanese manufacturers are also sounding optimistic for the first time in nearly two years.
There have been other positive signs that suggest U.S. factory production could increase in the second half of the year.
The Institute for Supply Management said that factory activity improved in June after hitting its lowest level in four years. But the closely watched manufacturing survey reported that employment fell to its lowest level since September 2009.
Factory activity in the New York region grew for the second straight month in July, according to the Federal Reserve Bank of New York’s Empire State manufacturing survey.
U.S. businesses reported a strong 1.1 per cent increase in sales in May, the Commerce Department reported. Those same firms only increased their stockpiles slightly, suggesting they will need to order more goods to keep up with demand.
And Americans bought more cars and trucks, furniture and clothes in June, according to a separate Commerce report on retail spending. But consumers cut back almost everywhere else, and overall retail sales rose just 0.4 per cent last month from May.
U.S. home prices jumped 12.2 percent in May compared with a year ago, the biggest annual gain since March 2006. The increase shows the housing recovery is strengthening.
The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday also surged 2.4 percent in May from April. The month-over-month gain nearly matched the 2.6 percent increase in April from March – the highest on record.
The price increases were widespread. All 20 cities showed gains in May from April and compared with a year ago.
Prices in Dallas and Denver reached the highest level on records dating back to 2000. That marks the first time since the housing bust that any city has reached an all-time high.
Home values are rising as more people are bidding on a scarce supply of houses for sale. Steady price increases, along with stable job gains and historically low mortgage rates, have in turn encouraged more Americans to buy homes.
One concern is that higher mortgage rates could slow home sales. But many economists say rates remain low by historical standards and would need to rise much faster to halt the momentum.
Svenja Gudell, senior economist at Zillow, a home price data provider, said a big reason for the recent price gains is that foreclosed homes make up a smaller proportion of overall sales. Foreclosed homes are usually sold by banks at fire-sale prices.
“Typical home values have appreciated at roughly half this pace for the past several months, which is still very robust,” Gudell said.
Gudell said higher mortgage rates and a likely increase in the number of homes for sale in the coming months should slow the pace of price gains and stabilize the housing market.
The index covers roughly half of U.S. homes. It measures prices compared with those in January 2000 and creates a three-month moving average. The May figures are the latest available. They are not adjusted for seasonal variations, so the monthly gains reflect more buying activity over the summer.
Despite the recent gains, home prices are still about 25 percent below the peaks they reached in July 2006. That’s a key reason the supply of homes for sale remains low, as many homeowners are waiting to recoup their losses before putting their houses on the market.
Dallas and Denver, the two cities that reached record highs, were not hit hard by the housing bust and therefore didn’t experience the sharp price swings like cities in Nevada, Arizona, California and Florida.
In Dallas, prices fell only 11.2 percent from their previous peak in June 2007 through February 2009. That’s far less than Las Vegas, where prices plummeted by more than half. Since bottoming out, home prices in Dallas have increased nearly 14 percent.
In Denver, prices dropped 14.3 percent from August 2006 until they also hit bottom in February 2009. Since then, they have risen 17.3 percent.
The biggest price gains are occurring in many of the states that experienced the worst housing bust.
Prices jumped 24.5 percent in San Francisco in May from a year earlier, the largest increase. Las Vegas reported the next biggest gain at 23.3 percent, followed by Phoenix at 20.6 percent. All three remain well below their peak prices.
The smallest yearly gains were in New York, at 3.3 percent, followed by Cleveland with 3.4 percent and Washington, D.C. at 6.5 percent.
Higher home prices help the economy in several ways. They encourage more sellers to put their homes on the market, boosting supply and sustaining the housing recovery. And they make homeowners feel wealthier, encouraging consumers to spend more. Banks are also more willing to provide mortgage loans when homes are appreciating in value.
Mortgage rates have surged since early May, though the increase would have had little impact on the current report. The average rate on a 30-year fixed mortgage has jumped a full percentage point since early May and reached a two-year high of 4.51 percent in late June.
Mortgage rates jumped after Chairman Ben Bernanke said the Federal Reserve could slow its bond-buying program later this year if the economy continues to improve. The Fed’s bond purchases have kept long-term interest rates low, encouraging more borrowing and spending.
In recent weeks, Bernanke and other Fed members have stressed that any change in the bond-buying program will depend on the economy’s health, not a set calendar date.
Since those comments, interest rates have declined. The average on the 30-year mortgage was 4.31 percent last week.
The Fed begins a two-day policy meeting Tuesday and could clarify its remarks further when the meeting concludes on Wednesday.
High salt industry needs can not be met from within the country. While the self-sufficiency program of salt consumption was realized last year. Therefore, PT Garam (Persero) is ready to produce the salt industry in 2015.
Garam president director of PT Lintang Yulian said it was preparing industrial salt production in Kupang. There, 7,800 hectares of available land in the process will be halved. Covering the core area of 5,000 hectares under cultivation and 2,800 direct PT Garam plasma hectares of land managed for the people.
“For the projected production of 600,000 tonnes of core land and 300,000 tonnes of plasma fields. Climatic conditions in Kupang with long summer reaches 6-8 months of very supportive to the development of salt,” he explained.
In addition to PT Garam, the Ministry of Industry is also encouraging private investors to develop the salt industry in Nagekeo, Flores, covering an area of 1,050 hectares, which will produce 300,000 tons.
During this time, the salt industry in the country needs to reach 1.8 million tons. Therefore, if the later can be met from within the country as much as 1.2 million tons, imports of industrial salt is only 600 thousand tons.
“Currently we are still conducting a feasibility study. Later followed by basic design and detailed design. Quarter of 2014 is ready to enter the first stage of civil works, such as making land, and other channels. So we expect 2015 production can have,” he said.
Potential development of the salt industry is very large, given the high demand in the country. Currently, almost all industrial needs salt. Such as oil drilling, glass industry, pulp industry, textile industry, to the tannery. “So when the development of the salt industry has matured, the market there,” he said.
Spoken, the development of the salt industry was not done intentionally in Madura. Therefore, Madura focus on developing salt consumption. “In 2012, we are self-sufficient salt consumption. Hence, the salt industry selected other locations,” said Julian.
Estimated for the development of the salt industry in Kupang cost up to Rp 1 trillion, including the development of infrastructure such as ports.
Japanese electronics giant, Sharp, posted a loss for two consecutive years. The company also intends to depose the CEO who was installed a year ago.
Sharp lost 545.3 billion yen (USD 51.3 billion) in the fiscal year ending March 2013. The loss swelled pretty big compared to losses in the previous year in the same period a year earlier 376 billion yen.
Despite high losses, Sharp sure to be back next year to make a profit
“We’re sorry we’ve suffered substantial losses in two consecutive years,” said Sharp Director Tetsuo Onishi after reporting financial results to the public as quoted by AFP on Tuesday (05/14/2013).
Sharp is currently undergoing a restructuring of the company, one of them with layoffs (layoffs) with thousands of employees. In fact, the company will also depose Takashi Okuda from the post of CEO replaced by Kozo Takahashi.
Though Okuda recently served as CEO of Sharp in April last year. After stepping down, Okuda served as commissioner will, his last position before retiring in habits of the Japanese.
This loss occurs due to high operating expenses and the company’s sales plummeted, chiefly in the television division. The television division turnover has fallen very deep.
“Our mobile phone sales also fell, due to lack of raw materials in the first half of last year,” he said.
Total sales of Sharp at the end of March 2013 reached 2.48 trillion yen, up from the same period last year 2.46 trillion. Next year, Sharp predict could reach 5 billion yen profit.
“We had anticipated that the overall business situation this year is full of uncertainty,” he said.
Software AG today announced it was positioned by Gartner, Inc., a leading industry analyst firm, in the Leaders Quadrant of the recently published Magic Quadrant for On-Premises Application Integration Suites. In gaining this recognition, vendors were evaluated based on completeness of vision and ability to execute. The quadrant evaluates the application integration and SOA project market, which are strategic for Software AG as a vendor of application infrastructure middleware.
“We believe Gartner naming us as a leader with the furthest position on both axes in the Magic Quadrant for On-Premises Application Integration Suites* is a validation of our product innovation, high quality services and strong go to market model,” said Dr. Wolfram Jost, Software AG’s Chief Technology Officer. “Our goal is to continue to deliver the most comprehensive, innovative infrastructure middleware offerings that improve business outcomes of our customers, while enabling them to achieve better agility and drive growth.”
Gartner’s evaluation of Software AG is primarily based on its flagship offering webMethods Suite V9.0. It includes tightly integrated products such as webMethods Integration Server as an Enterprise Service Bus (ESB), Terracotta Universal Messaging for fast asynchronous messaging, webMethods Trading Networks for B2B integration, webMethods BPMS for process orchestrations and monitoring and CentraSite for metadata lifecycle management.
The nexus of four forces – cloud, mobile, social, and big data – are presenting unprecedented new opportunities to innovate and grow the business. With webMethods Suite, organizations can take full advantage of these opportunities by establishing a strong but flexible integration backbone to build new applications. It allows organizations to leverage existing IT investments while managing the proliferation of data, devices, and services resulting from the four forces.
Unlike other solutions in the market, the webMethods Suite is an open, cross platform solution. It delivers capabilities as building blocks that fit together allowing customer implementations to grow as their needs grow. It is also easy to use across all lifecycle stages from design to production, lowering total cost of ownership. Strong lifecycle governance baked into the platform helps companies maximize reuse and align closely with business needs.
Complimentary copies of Gartner’s report are available at www.softwareag.com/recognition.
* Gartner Magic Quadrant for On-Premises Application Integration Suites by Jess Thompson, Yefim V. Natis, Massimo Pezzini, Daniel Sholler, Ross Altman, Kimihiko Iijima, published 27 June 2013.
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Software AG
Software AG (SOW.F) helps organizations achieve their business objectives faster. The company’s big data, integration and business process technologies enable customers to drive operational efficiency, modernize their systems and optimize processes for smarter decisions and better service. Building on over 40 years of customer-centric innovation, the company is ranked as a leader in 15 market categories, fueled by core product families Adabas and Natural, ARIS, Terracotta and webMethods. Software AG has ca. 5,300 employees in 70 countries and had revenues of €1.05 billion in 2012.
Onswipe, mobile publishing company presenting interesting data related to IOS 7. As news is that we have quoted from TechCrunch, it turns out, iOS 7 beta is a beta version of iOS is the most popular so far.
This was revealed after they find out that 0.46% explorers on their sites using the iOS beta 7. This figure is much higher than the figures obtained from the iOS 6 years ago which was only 0:25%.
The takeaways from Onswipe, According to CEO Jason Baptiste, are that developers are around twice as excited about iOS 7 as they were about iOS 6, and that they’re spending more time getting ready for the big changes coming in the new version of Apple’s mobile OS in order to have everything nice and tidy for the consumer launch this coming fall.
Also note also iPhone users surf in Onswipe with iOS 7 is as much as 0.77%, while iPad users 0:28%. When compared to when iOS 6 beta last year just as much as iPhone users 0:19%, with iPad users are at 0:38%.
Previously, Apple released iOS beta 7 for developers widely registered on June 10, the last. And the release of iOS 7 beta 2 yesterday, Apple finally include support for the iPad. iOS beta 7 3 rumored release date July 8, 2013.
Zulu Creative is proud to announce the launch of a new website for MAX’s Wine Dive, the award-winning, rockin’ restaurant concept from Houston-based Lasco Enterprises that combines gourmet comfort food with retail wine sales and features unlikely pairings such as fried chicken and champagne. The new website is mobile-friendly for diners on-the-go and contains unique content for five MAX’s locations in Austin, Dallas, Fort Worth, Houston and San Antonio, plus corporate-specific content. The MAX’s website is the second of three that Zulu Creative is designing for Lasco. A new website for Boiler House, Lasco’s Texas grill and wine garden concept located at the historic Pearl Brewery in San Antonio, was completed in fall 2012. A complete redesign of The Tasting Room site is forthcoming.
Taking its design cue from current branding, the new MAX’s site features a black and white color palette with red accents and bold typographical elements. Zulu Creative recommended key website enhancements to better convey MAX’s funky, eclectic brand vibe online. The website reflects each location’s unique ambience and personality through witty slogans on each page, graphical jukebox-inspired elements that evoke the restaurant’s dive-bar feel, and location-specific featured images.
Site visitors can easily make online reservations and access key information such as each location’s address, hours, contact information and menus. In addition, visitors can view each location’s calendar of events, read chef and wine manager bios, see private event/catering options, purchase gift cards online, sign up for MAX’s newsletter and easily connect with MAX’s through their social media channels. Press+Awards pages tout each location’s accolades, while a corporate Employment page lists all job openings by location and serves as a useful recruiting tool.
Designed and built on a content management system (CMS) platform with multisite functionality, the website is scalable, making it easy to manage multiple websites through a single interface and add new sites as Lasco opens new MAX’s locations.
“We are extremely excited about the new website for MAX’s Wine Dive created by the talented team at Zulu Creative,” said Jonathan Horowitz, Chief Brand Officer of Lasco Enterprises. “Throughout the entire creative process, the Zulu team exercised intense attention to detail and introduced a new site that is easy for our guests to navigate, as well as met our goal to produce a product which mimics the energy, look and feel of the MAX’s Wine Dive concept.”
“Designing sites for three award-winning Lasco brands is an exciting opportunity and huge honor,” says Tina Zulu, Founder and Creative Chieftess of Zulu Creative. “Our experience creating websites for other successful restaurants and bars made the Boiler House, MAX’s Wine Dive and The Tasting Room projects a perfect fit for us, and our teams work extremely well together. We couldn’t be more thrilled and congratulate Lasco on their continued success and growth. Cheers!”
About Zulu Creative
Fun! And smart! Zulu Creative is a boutique agency in Midtown Houston, Texas, specializing in marketing and brand development for lifestyle businesses that serve consumer niche markets. The Zulu crew is a dynamic team of intelligent professionals who are energetic, innovative, passionate and reliable. Clients who choose Zulu Creative get a big bang for their buck, benefit from a diverse team of experience and talent, and enjoy a smashing, cutting-edge image in the Houston community, nationally and globally. Whether a brand needs a kick-start, upgrade or extreme makeover, Zulu Creative is known for creating memorable experiences and making an impact. It’s all about positioning brands at the top of the target audience’s mind. Zulu Creative accomplishes it through innovative, integrated marketing. For more information, visit www.zulucreative.com
About Lasco Enterprises
Established by Jerry and Laura Lasco in Houston in 2003, Lasco Enterprises, LLC is the parent company for MAX’s Wine Dive (Houston, Austin, San Antonio, Dallas and Ft. Worth), The Tasting Room Wine Cafés, Lasco Events & Catering, Boiler House Texas Grill & Wine Garden (San Antonio), and The Black Door online wine community, and now has more than 500 employees in five cities. In 2010, Inc. 5000 named Lasco Enterprises one of the fastest growing private companies in the U.S. In 2011 and 2012, Lasco was named as one of the “Best Companies to Work for in Texas” by the Best Companies Group. The Houston Business Journal named Lasco Enterprises to its Fast 100 list of fastest-growing private companies in Houston in 2009, 2010, 2011 and in 2012. In 2009 and in 2012, the publication awarded Lasco the Houston Business Journal’s “Enterprise Champion” award for the company’s commitment to its employees, the communities in which it operates, and for its contributions to its industry. For more information, visitwww.lascoenterprises.com
To increase oil production, PT Pertamina Hulu Energi is conducting a drilling four wells in West Madura Offshore (WMO). Wells are being intensively explored today are PHE N-1 (Rig Bohai-8) which has been drilled to a depth of 3491 feet.
Operational Director of PT Pertamina Hulu Energi, Eddy Purnomo said in addition to drill exploration wells paa, PHE also is conducting development drilling on wells, the PHE 54A-1 (rig Java Star)
“Today, Java Star up in the depths of 2045 feet,” said Eddy Purnomo at the Ministry of Energy and Mineral Resources, on Tuesday (16/07/2013).
PHE ONWJ also are exploring the development of PHE wells 40A-7R (rig Harvey Ward) drilled at a depth of 3077 feet, and PHE development wells 38B-7 (rig COSL Seeker) reached a depth of 2007 feet.
To note, during the first half of 2013, oil production of Pertamina Hulu Energi West Madura Offshore reached 10,220 barrels per day (bpd), or about 50 percent of which has been targeted at 20 443 bph.
But the number of such production under the same target is not met, the low realization of production in the first six months of this because in the early years of oil production is still below 10,000 bpd.
“Pertamina had experienced problems in mounting platform (platform) and the addition of new drilling rigs,” said Eddy.
PT Pertamina (Persero) South Sumatra asked people not to panic about the availability of fuel oil (BBM). Pertamina guarantee enough stock of fuel, although oil production of pipe-Plaju Tempino stopped due to looting or theft.
“There’s no problem so stock enough for South Sumatra,” said Pertamina’s Marketing and Commercial Director Hanung Budya during the discussion with the media at the Hotel Grand Hyatt, Jakarta, Tuesday (07/30/2013).
According to Hanung, crude oil production (crude oil) from Tempino-Plaju only 12,000 barrels / day or 2,000 kiloliters (KL) crude oil refined per day. Of that number only 70% or 1,400 KL which can be fuel oil (BBM).
While the current stock of fuel remaining 4 million KL. Production of oil through pipelines Tempino-Plaju accidentally closed by Pertamina due to rampant theft of crude oil in the region.
“So 2,000 KL of crude oil produced, 70% is a fuel, or about 1,400 KL per day. Stock fuel we’re still 4 million KL. 1,400 KL less if need, there’s no problem. So enough stock,” he added.
Pertamina continues to check and re-look at the inventory and increase the amount of fuel consumption especially before Eid. However, if the fuel is not sufficient, it is ready to bring up to 200,000 barrels of fuel imports.
“We continue to check every day we have to keep a minimum stock. Cessation of operations actually no impact on fuel supplies in South Sumatra. Reduced if indeed we are probably going to import one cargo of 200,000 barrels and finished (are wrong),” Hanung said.
Central Bureau of Statistics Provisni Jambi noted that soybean production in the region in 2012 decreased by 37.98 percent or as much as 2,153 tons of dry beans than in 2011.
“Jambi soybean production in 2012 totaled only 3,516 tons of dried beans or decreased production of 2,153 tons of dry beans 37.98 percent over the previous year,” said Head of BPS Jambi in Jambi Rusdiansyah Jos on Monday.
Decline in soybean production is due to decrease in harvested area of 1,754 hectares or 38.44 percent, while productivity rose by 0.10 quintals per hectare (0.81 per cent), he said.
Meanwhile, in 2013, soybean production is expected to increase to 3,525 tons of dry beans or an increase of 9 tonnes (0.26 per cent).
Jambi soybean production in 2012 contributed to the national soybean production of 0.42 per cent while the contribution of the island of Sumatra to the national soybean production in 2012 amounted to only 10.45 per cent and more than 50 percent is produced in Java.
In the year 2013 based on forecast figures (Aram I) soybean production is expected to be increased slightly to 3,525 tons, up by 0.26 percent compared to the year 2012.
This increase is expected to be achieved through the increase in harvested area and productivity through a variety of programs the Department of Crop related to an increase in soybean production.
Patterns of different soybean harvest rice and corn harvest patterns, where the pattern occurs at the highest soybean harvest subround II (May to August).
So that the three crops (rice, corn and soybeans) have a different pattern of harvesting the crops with other crops.
As for the highest harvest area in each subround not the same. Pattern soybean harvest in 2013 is estimated to harvest highest in sub round III, in contrast to the pattern of the 2011 harvest and 2012 where the highest harvest in subround II.
Differences in the pattern in which the highest yielding crop in 2013 subround III expected because of the shift in the growing season, he said.