luni, 19 septembrie 2011

Alibaba's Taobao Mall targets 200 bln yuan in trans. vol in 2012

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BEIJING, Sept 19 | Mon Sep 19, 2011 2:32am EDT

In June Alibaba Group split its e-commerce website Taobao into three companies, namely its product search engine eTao, business-to-consumer website Taobao Mall and consumer-to-consumer website Taobao.com.

Yahoo owns about 40 percent of Alibaba Group, while Softbank owns about a third. Alibaba.com is the group's listed business-to-business unit. China's B2C segment is the fastest growing niche in the country's booming e-commerce industry. ($1 = 6.383 Chinese Yuan) (Reporting by Xu Wan; Writing by Melanie Lee)


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Poland - Factors to Watch on Sept 19

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Here are news stories, press reports and events to watch, which may affect Poland's financial markets on Monday. ALL TIMES GMT (Poland: GMT + 2 hours):

AUG PPI, OUTPUT DATA

Poland's industrial output and producer prices inflation PPI) data for August to be released. Economists expect production at 4.0 percent year-on-year and producer prices at 6.5 percent.

SHALE GAS

Poland may begin commercial shale gas production as soon as 2014, helping to reduce its energy reliance on Russia, Prime Minister Donald Tusk said on Sunday.

KULCZYK

One of Poland's richest men, Jan Kulczyk will team up with J.P. Morgan to extract gold in Afghanistan, dailies Puls Biznesu and Dziennik Gazeta Prawna reported without naming their sources.

EMPERIA , DELKO ,

Polish retailer Emperia is in talks to takeover smaller local rival Delko daily Parkiet quoted its sources as saying.

LUKAS BANK

Polish consumer finance lender Lukas Bank will launch its rebranding to Credit Agricole , planning to become a more universal bank, daily Parkiet quoted Lukas' deputy head Philippe Marie as saying.

POLL

Poland's ruling Civic Platform (PO) leads the run-up to Oct.9 elections with a 35-percent backing, with its largest rival, Law and Justice (PiS) in second position with support from 29 percent, according to a Millward Brown SMG/KRC poll for radio station RMF FM.

NOTE - For a diary of forthcoming events see and a calendar of east European economic indicators see .

For other related news, double click on: Polish equities E.Europe equities Polish money Polish debt Eastern Europe All emerging markets Hot stocks Stock markets Market debt news Forex news For real-time index quotes, double click on: Warsaw WIG20 Budapest BUX Prague PX


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Europe Factors-Shares set to reverse rally

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PRESS DIGEST - New York Times business news - Sept 19

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Sept 19 | Mon Sep 19, 2011 2:04am EDT

Sept 19 (Reuters) - The following were the top stories on The New York Times business pages on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

* Google's slogan may be don't be evil, but a growing chorus of antitrust regulators in the United States and Europe want to know if the company has lived up to that creed.

* Greek leaders struggled to agree to budget reductions that would satisfy foreign lenders' demands even as they tried to stave off mounting resistance to those cuts at home.

* The Federal Reserve is under pressure from investors to act to encourage growth and from Republican presidential candidates and others to refrain from acting.

* Swiftly and at little cost, newspapers, magazines and sites like The Huffington Post are publishing their own version of e-books.

* With the United Nations set to meet on the urgency of diseases, brand-name makers and the Obama administration are fighting potential sales of cheaper medicines to poorer countries.

* Obama plan to cut deficit will trim spending by $3 trillion: The plan is President Obama's opening salvo in sweeping negotiations on deficit reduction to be taken up by a joint House-Senate committee over the next two months.

* Velocity, the cable channel replacing Discovery's low-rated HD Theater channel, believes men making $150,000 or more are underserved in today's television landscape.

* Facebook to offer path to media: The social media site's new platform will allow its 750 million users to easily share their favorite music, movies and other forms of entertainment.

* UBS says trading losses were closer to $2.3 billion: The Swiss banking giant said unauthorized trades in index futures were at the center of rogue trading that led to a $2.3 billion loss.

* Siemens (SIEGn.DE), the largest engineering conglomerate in Europe, announced Sunday that following the German government's decision to phase out nuclear power by 2022, it would stop building nuclear power plants anywhere in the world.

* Watchful European privacy regulators are wielding increasing influence beyond the Continent's borders. Last week, they pressed Google , as they had Apple , to change the way it collected data on cellphone locations worldwide.

* The economic downturn and high rates of unemployment have forced consumers to spend less, and advertisers have taken notice. Figures from Nielsen, to be released on Monday, show the amount of money that advertisers are spending to bring their message to consumers has increased in certain categories.

* Nickelodeon's eight-year-old Worldwide Day of Play is going big time this year. On Saturday, Nickelodeon, the children's television network, will for the first time take its annual event to Washington. (Compiled by Anirban Sen; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780)


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STMicro CEO says has financial power for M&A - WSJ

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PARIS, Sept 19 | Mon Sep 19, 2011 2:35am EDT

PARIS, Sept 19 (Reuters) - French chipmaker STMicroelectronics is open to acquisitions in the United States and Asia to expand its microprocessor and motion sensor businesses, chief executive Carlo Bozotti said in an interview in the Wall Street Journal.

The group has $1 billion for takeovers and wants to become "major leaders worldwide" in those areas, as well as reducing the portion of its cost base in the euro zone to compensate for the weakness of the dollar, Bozotti said.

"We have the financial strength to address M&A opportunities if the opportunity arises," Bozotti was quoted as saying on Monday.

Still, "nothing is in the works" currently, and the group's priority remains to turn around its loss-making ST-Ericsson joint venture, Bozotti said. (Reporting by James Regan; Editing by Dan Lalor)


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UPDATE 1-Japan's defence industry hit by its first cyber attack

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* Mitsubishi Heavy says was target of cyber attack

* Some 80 computers infected, data stolen - Yomiuri

* Company is Japan's biggest defence contractor (Updates throughout, adds analyst comments)

TOKYO, Sept 19 (Reuters) - Mitsubishi Heavy Industries Ltd said on Monday its computers had been hacked into, with one newspaper saying the target was Japan's biggest defence contractor's factories for submarines, missiles and nuclear power plant components.

A Mitsubishi Heavy spokesman said information could have been stolen in what was the first known cyber attack on Japan's defence industry. He gave no other details, saying the company would issue a statement later in the day once its investigation had been completed.

A Japanese defence white paper released last month urged vigilance against cyber attacks after a spate of high-profile online assaults this year that included Lockheed Martin and other U.S. defence contractors.

There were suggestions at the time that those attacks had originated in China.

The Yomiuri newspaper said about 80 virus-infected computers were found at the company's Tokyo headquarters as well as manufacturing and research and development sites including Kobe Shipyard & Machinery Works, Nagasaki Shipyard & Machinery Works and Nagoya Guidance & Propulsion System Works.

Kobe Shipyard currently builds submarines and makes components to build nuclear power stations, while the Nagasaki Shipyard makes escort ships. The Nagoya plant makes guided missiles and rocket engines, the paper said citing unnamed sources.

At least eight different kids of computer virus including Trojan horse, which steals key information from infected computer hardware, were found at Mitsubishi Heavy's main office or production sites, the Yomiuri said.

It is the country's biggest defense contractor, winning 215 deals worth 260 billion yen ($3.4 billion) from Japan's Ministry of Defense in the year to last March, or nearly a quarter of the ministry's spending that year.

Weapons included surface-to-air Patriot missiles and AIM-7 Sparrow air-to-air missiles.

Mitsubishi Heavy has also been working closely with Boeing , making wings for its 787 Dreamliner jets.

"It's probably just the first that hacking attacks in Japan have been detected. It's consistent with what we've seen already with big American defence companies," Andrew Davies, a cyber-warfare analyst with the government backed defence think-tank, the Australian Strategic Policy Institute, told Reuters.

"The Japanese make large conventional submarines that are among the world's most sophisticated ... (they) have very nicely integrated solutions with their own mechanical, electronic and control systems, so it a pretty attractive hacking proposition, to get the design of a Japanese submarine," he added. ($1 = 76.875 Japanese Yen) (Additional by Rob Taylor in Canbberra, Editing by Jonathan Thatcher)


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UPDATE 1-Sanofi wins U.S. cancer drug patent ruling

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* Ruling keeps Eloxatin market exclusivity in United States

* Sun Pharmaceuticals had appealed April 2010 ruling (Adds details)

PARIS, Sept 19 (Reuters) - French drugmaker Sanofi has scored an important victory in a patent dispute with Sun Pharmaceuticals that will keep generic copies of its Eloxatin colon cancer drug off the United States market until August 2012.

A ruling by the U.S. District Court for the District of New Jersey maintained Sanofi's market exclusivity for Eloxatin in the United States through Aug. 9, 2012, Sanofi said in a statement on Monday.

Mumbai-based Sun had appealed an April 2010 ruling requiring the Indian company to stop selling its generic version of Eloxatin as of June 30, 2010, Sanofi said.

If Sun had prevailed, other generics manufacturers could have launched their own copies of Eloxatin before Aug. 9.

Eloxatin sales were 248 million euros ($349 million) in the second quarter.

($1 = 0.725 Euros) (Reporting by Elena Berton; Editing by Blaise Robinson and James Regan)


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