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Tuesday, February 26, 2013
Lowe's 4Q net income tops expectations
NEW YORK (AP) -- Home improvement retailer Lowe's Cos. credits cleanup efforts after Superstorm Sandy and its new pricing strategy for fourth-quarter earnings that surpassed Wall Street expectations.
The results are a sign that people are beginning to feel better about spending money on their homes as the housing market slowly recovers. Analysts will be watching Lowe's larger rival Home Depot's earnings report on Tuesday to see if its results show a similar story.
Lowe's CEO Robert Niblock said the company is seeing a pickup in spending even in areas of the country hit hardest by the housing slump, like Florida, Arizona and California.
"Rising home values have given homeowners additional confidence in spending on their homes," Niblock said in an interview with The Associated Press.
Lowe's net income fell 11 percent from last year's quarter, which included an extra week of revenue. Its earnings forecast for the year was below expectations but its revenue projection beat the consensus.
Mooresville, N.C.-based Lowe's has revamped its pricing structure, offering what it says are permanent low prices on many items across the store instead of fleeting discounts. It has also focused on hiring more workers and improving its inventory. In January it said it planned to hire 45,000 seasonal workers ahead of its busy spring season and add 9,000 part time employees on a permanent basis.
In a call with analysts, Chief Customer Officer Greg Bridgeford said the pricing strategy helped spur strong sales of cabinets and countertops, tools and outdoor power equipment.
During the quarter, the number of transactions fell 6.9 percent, mainly due to the extra week in the quarter a year ago. But average ticket rose 2.1 percent to $62.37.
Lowe's net income totaled $288 million, or 26 cents per share, for the three months ended Feb. 1. That's down from $322 million, or 26 cents per share, a year ago. Analysts expected 23 cents per share, according to FactSet.
There were 11 percent fewer shares outstanding in the latest quarter than a year ago. That increases the value of each share. An extra week in the quarter last year had boosted year-ago earnings by 5 cents per share.
Revenue fell 5 percent to $11.05 billion from $11.63 billion. Analysts expected $10.85 billion. Revenue in stores open at least one year rose 1.9 percent. The measure is a key gauge of a retailer's fiscal health because it excludes stores that open or close during the year.
Morningstar analyst Peter Wahlstrom said the quarter was generally good and in line with his expectations, helped by better gross margins ? the amount of each dollar in revenue a company actually keeps ? and a lower share count.
Standard & Poor analyst Michael Souers kept his "Sell" recommendation on the stock.
"While we see a modest recovery in housing, we see rising interest rates as a threat to home refinancing, a key driver of remodeling," he said.
For the fiscal year, net income rose 7 percent to $1.96 billion, or $1.69 per share, from $1.84 billion, or $1.43 per share. Revenue edged up to $50.52 billion from $50.21 billion last year.
Lowe's, which operates 1,754 stores in the U.S., Canada and Mexico, expects fiscal 2013 net income of $2.05 per share. Analysts expect $2.10 per share.
The company expects revenue to rise 4 percent, implying revenue of $52.54 billion. Analysts expect $51.69 billion.
Shares fell $1.81, or 4.8 percent, to close at $35.86 Monday. They have traded in a 52-week range of $24.76 to $39.98.
Source: http://news.yahoo.com/lowes-4q-net-income-tops-112632367.html
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Monday, February 25, 2013
Slovenia's Tina Maze clinches World Cup title
Slovenia's Tina Maze celebrates after winning an alpine ski, women's world cup super-combined, in Meribel, France, Sunday, Feb. 24, 2013. (AP Photo//Marco Trovati)
Slovenia's Tina Maze celebrates after winning an alpine ski, women's world cup super-combined, in Meribel, France, Sunday, Feb. 24, 2013. (AP Photo//Marco Trovati)
Slovenia's Tina Maze celebrates on the podium after winning an alpine ski, women's world cup super-combined, in Meribel, France, Sunday, Feb. 24, 2013. (AP Photo//Marco Trovati)
Slovenia's Tina Maze performs a cartwheel as she celebrates after winning an alpine ski, women's world cup super-combined, in Meribel, France, Sunday, Feb. 24, 2013. (AP Photo//Marco Trovati)
MERIBEL, France (AP) ? There was only one fitting way for Tina Maze to wrap up the overall World Cup title ? with another victory, and with plenty of time to spare.
She clinched her first crystal globe Sunday by winning a super-combined for eighth win of the season. So overpowering was her season that she clinched the overall trophy with nine races to go.
"It's really special because it's so difficult to win. For me, it's special to continue this level of skiing," said Maze, who celebrated with a cartwheel. "To be on the top is amazing. It's a great season for me. Even if there have been ups and downs I have always come back."
To Maze, it was also the perfect response to doubters back home in Slovenia. Some mocked her for having the audacity to dream about becoming the world's best skier.
"I think the people are realizing that the dream came true, that one year ago they were saying 'Ah, this Maze, she's making jokes when she says she will win a globe or something like that. Yeah, she's full of herself' and these kinds of things," Maze said. "In Slovenia, it's (the) mentality. It's better to be sometimes (more mainstream) than to go out (and be different) from the majority.
"I didn't want to be like everybody else. So I'm always looking for something else, something better, something different and I'm really proud of that."
Maze led the downhill and coasted home in the slalom after Maria Hoefl-Riesch crashed out of contention. She tied a season record with her 18th top-three finish, matching the podium mark set by Pernilla Wiberg of Sweden and Hanni Wenzel of Liechtenstein.
"I'm an emotional person, I didn't want to cry (on the podium)," Maze said, adding she felt sick before the slalom. "I went to the toilet six times before I started. A lot of people (were) sick and I guess I get something from them, too."
Maze has 1,844 points in the overall standings and looks all but certain to break the season record ?men or women ? of 2,000 held by Austrian great Hermann Maier.
Hoefl-Riesch is second in the overall standings but is 958 points behind and has no chance of closing the gap. Each victory is worth 100 points.
Lindsey Vonn, the four-time overall winner and defending champion, fell out of contention after she took a monthlong break because of an intestinal illness and then was done for the season after a knee injury at the world championships. Vonn is still third overall with 740 points.
"I'm really tired now, especially after a long day like today," the 29-year-old Maze said. "Today was so tough, I didn't know where I was. I almost went off the course twice. But I just managed to catch the gates. It's crazy."
She is also seeking to become only the third woman to have at least one win in all five disciplines in one season, and lacks only a downhill victory. She had a chance Saturday but finished fourth. She has two downhills remaining, starting next week in the German resort of Garmisch-Partenkirchen.
Vonn won 12 races last season and Maze has a chance of matching that, although Swiss great Vreni Schneider's single-season World Cup record of 14 wins appears out of sight.
Nicole Hosp of Austria, the world championship bronze medalist in the super-combi, finished second. Countrywoman Michaela Kirchgasser took third place with a superb slalom run ? 42.66 seconds to Maze's 44.26.
"My target is to be focused until the end of the season because there are many small globes that are open and possible to get," Maze said. "I want to keep this level of skiing until the end, I don't want to go down, I want to keep it at the high level."
Hosp, the World Cup winner in 2007, lauded Maze's consistency.
"There are no words to describe Tina's amazing season," Hosp said.
Julia Mancuso came close to clinching the fourth super-combi podium of her career and her first in six years. But the American made a small mistake midway through, falling forward on her skis.
It seems only an injury can prevent Maze from breaking Maier's points record, set in 1999-2000. Vonn holds the women's record with 1,980 points from last season.
"It has been an extraordinary season for Tina," Kirchgasser said. "To be so far ahead in the points. Last time it was a man who won with more than 2,000 points, and I don't think Tina will be far off."
Maze's phenomenal season also includes three gold medals from the worlds in Schladming, Austria ? gold in super-G and silver in super-combi and giant slalom. She lost out on a second gold to Hoefl-Riesch and felt Sunday's win somewhat made up for that.
"I had that in mind because in Schladming I didn't do a good slalom," she said. "I didn't risk a lot and today I did different, so at the end it's a revenge, too, but the priority was better skiing from my side.
"It's a good slope. I had some troubles yesterday in downhill," Maze said. "I had some trouble on the top. But the rest of the hill is like a dream."
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Chinese Vitamin Makers Head to Trial for Alleged Price-Fixing
Can Chinese companies that allegedly fixed prices for U.S. customers deflect liability by saying they acted at their government's behest? Jurors may get a chance to answer that question this coming week, as an antitrust trial against a group of Chinese vitamin manufacturers opens in federal court in New York. The long-running class action was brought on behalf of direct purchasers of Chinese vitamin C products.
Source: http://www.cltmag.com/chinese-vitamin-makers-head-to-trial-for-alleged-price-fixing.html
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DNS Issues - Web Hosting Talk
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Last Friday, I transferred my website to a new host and updated my nameservers as usual. Now, 3 days on and me along with 2 other users still cannot access the site. Me and one other still see the temporary "moving" page that I left on the old server to be displayed during the domain propagation and the other user gets a blank screen. I can access the website just fine using a proxy or hotspot shield and without a proxy I can access my cPanel, however this is via my host's domain instead. My domain is www.lcresponders.com, and my report from dnsstuff can be seen here: http://www.dnsstuff.com/tools#dnsRep...sponders.com&& Please advise me on how to correct this issue. |
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__________________ JoneSolutions.Com - Your Number One Choice On The Net - since 2001 ---------------------------------------------------------------------------------------- Linux Shared and Reseller Hosting * KVM VPS * Cloud Servers * Super Special Servers USA/EU cPanel Fully Managed Servers * cPanel Server Management * R1Soft/Idera Backup |
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Hi there Net, Thanks for your reply. I'm a little new to this side of the internet, so please bear with me. I've updated my name servers are godaddy, which is who my domain is registered with. Is that the only place where I need to do that? Thanks again |
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http://intodns.com/lcresponders.com Edit your DNS zone file to agree with DNS at your registrar. |
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You need to correct the "NS records" within your DNS zone file __________________ ? CanSpace Solutions - www.canspace.ca - Canada's leading domain registrar and web hosting provider ? Premium Canadian Web Hosting and .ca domains. Trusted by Canada's largest corporations ? Affordable Web Hosting | 24/7 Support | CIRA CERTIFIED | Proudly Canadian |
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The problem is that the DNS manager seems to be hosted at my old host. How can I move it to my new one? |
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(It wouldn't be a bad idea for the new host to fix the DNS errors on their nameserver domain too, but those are less of an issue). __________________ Chris The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge. - Stephen Hawking |
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My old host was: www.nextgenhost.net And my new is: www.offshorewebspace.net I logged into my old cPanel at nextgenhost and edited the DNS for my domain to point to my new host. This solved the problem but I want to fix this properly. The new host also uses capable for the DNS managing. |
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__________________ Chris The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge. - Stephen Hawking |
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Apologies, I meant cPanel. iPhone decided to help me out with spelling lol... I can't seem to see where to edit my nameservers in the cPanel, the only thing that I can see is the "Advanced DNS zone editor" which I've screenshotted so you can take a look. As far as I can see, the settings are correct. EDIT:
Last edited by thomash131; Today at 04:25 AM. |
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If you are not, contact to DC and ask them to fix that. |
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I'm on a shared hosting package so I'm assumming that I'm not, no. I'll contact them now. |
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Yes, if you can't see the NS records then I guess it means you don't have access to them through that panel (perhaps someone more familiar with cPanel can confirm) and the host will have to make the change for you. Quote:
__________________ Chris The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge. - Stephen Hawking |
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Source: http://www.webhostingtalk.com/showthread.php?t=1241119
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Sunday, February 24, 2013
A BATTING WITH BIMAL BREAKING REPORT: South Africa to tour Netherlands at the end of May
AB de Villiers will lead South Africa during the ODI against the Netherlands
South Africa will tour the Netherlands at the end of May in preparation for the Champions Trophy, which will be hosted by England in June, where their first match will be against India on June 6.
The two teams will be involved in team-building activities and three days worth of practice before an ODI is held on?May 31 in Amstelveen.
This will be the third ODI between the two countries, but the first outside of a World Cup.
South Africa have registered massive wins in every match they have played against the Netherlands.
?We feel we have pulled off a real coup in getting one of the top ODI Nations in the World to come to the Netherlands not only to play but also to act as their preparation-base for this major tournament,? Netherlands CEO Richard Cox said. ?We are looking forward to having some of the household names of world cricket on our doorstep.
?As a result of the Champions Trophy being held in the UK it has given many European countries the opportunity to maximise the chance to play a Full Member through the support of ICC?s TAPP funding policy.?
Netherlands coach?Peter Drinnen noted that it was an outstanding opportunity for his side to get some valuable match experience against one of the top ranked ODI sides in the world.
?I would like to thank everyone who was involved in making this possible,? Drinnen said. ?It is a great opportunity to showcase the game in this country as well as provide an extremely valuable opportunity to our players to measure themselves against some of the best in the world.
?These opportunities are very important for our continued development and I know all parties here in the Netherlands involved in this series will be working hard on and off the park to ensure the South African touring party have a very beneficial stay with us.?
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Posted in Uncategorized | Tags: activities, Amstelveen, CEO, Champions Trophy, coach, cricket, end, England, every match, first, first match, held, hosted, India, involved, June, June 6, massive wins, match experience, May, May 31, Netherlands, ODI, ODI sides, opportunity, outside, outstanding, Peter Drinnen, practice, preparation, registered, Richard Cox, side, South Africa, team-building, third ODI, three days, top ranked, tour, two countries, two teams, valuable, world, World Cup
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