results at Stock Research

The nearest years the government of Iraq plans to construct some new oil refining factories, and also to modernize already existing, to start to export gasoline and other products of oil refining to 2010. Minister of oil of Iraq Hussein Al-Shahristani has made such statement today.
As he said, construction of largest of new factories nearby 140 thousand barrel per day will be completed by capacity to 2009-2010. The exact site of a factory is not specified yet; however it is known, that it will be in one of the central areas of the country. One more factory (capacity nearby 70 thousand barrel per day), according to minister, is planned to construct near to settlement Koja in the north of Iraq. After 2010 construction of a large factory by capacity nearby 300 thousand barrel per day in An-Nasria is planned, informs Associated Press.
Besides, as minister has noted, is planned to modernize and expand already existing oil refining factories in Baidga, Dora and Basra, having increased manufacture on each of them on 700 thousand barrel per day. “Thus, to 2009-2010 national manufacture of mineral oil will allow to cover internal demand, and to 2010-2011 we shall be ready to start to export mineral oil”, - minister has concluded.
Hussein Al-Shahristani also has confirmed plans of the government to lift a level of oil extracting in the country from existing 2 up to 3 million barrel per day already by the end current year. Iraq takes the third place in the world on volume of the proved oil stocks. After the American intrusion in 2003 extraction has decreased on third, and attacks of insurgents complicate work of oil refining factories therefore in the country there was a sharp shortage of gasoline and diesel fuel.
As for the World prices for oil on August, 21st 2006 they have considerably risen. On results of the trades at leading oil stock exchanges Inter Continental Exchange Futures (ICE Futures - London) and New York Mercantile Exchange (NYMEX - New York) the official prices of oil futures of the nearest month of delivery have accordingly made - IPE Brent Crude - $73,38 (+1,08) for barrel - Light Sweet Crude Oil - $72,45 (+1,31) for barrel.

American motorcar giant Ford Motor Co. has informed today, that volume of manufacture in 4th quarter of 2006 in Northern America will decrease on 21% in comparison with this indication for the same period of the last year. Thus, last 3 months of current year the company will let out on realization on 168 thousand cars less, than year earlier. The volume of manufacture on results of 3rd quarter will decrease on 20 thousand cars in comparison with the same period of 2005. On results of 2006 the volume of manufacture of Ford will decrease on 9% in annual calculation, informs Associated Press.
“This is heavy decision which will affect our employees and suppliers negatively. On the other hand, it is unique a true step from the point of view of long-term prospects”, - the general director of concern Bill Ford has declared.
Earlier in some American mass-media there was information that on a background of chronic losses of Ford also has made a decision on the further reductions of the personnel: nearby 6 thousand persons, mainly management will lose the workplaces in the near future. It will allow Ford to cut down expenses on the salary to employees for 10-30%.
On July, 20th 2006 Ford Motor has unpleasantly surprised investors, having informed about quarter losses, that the majority of analysts predicted profit. And in 2 weeks the company has recognized, that the size of losses has appeared almost in 2 times more, than has been specified in the financial report - 254 million dollars, or 14 cents in recalculation one stock, instead of 123 million dollars, or 7 cents on the stock. Thus the sales volume was reduced to 7% in annual calculation, and proceeds - on 6%. Ford has explained revision of parameters by increase in annual charges on reduction of pensions: instead of the dollars planned 1 billion the corresponding program will cost the companies 1.2 billion dollars.
In the last half of a year Ford has closed 14 automobile factories and than 30 thousand employees has been dismissed in Northern America within the limits of the scale of plan of re-structuring which has been accepted in the end of 2005.

Now I am trying to choose the market where I can try to speculate. I ask all my friends and many of them advise me to try to speculate at FOREX. Here I write the summarizing of all advices about the trade at FOREX.
You should be morally ready to probable losses of committed finances. All participants in gamble in market FOREX are divided on two big groups depending on that approach to FOREX which they profess.
 The first group - the people wishing fast to take the maximum profit on committed finances without essential time temporary, intellectual both financial expenses, and evaluating FOREX as something similar to game in a roulette in a casino.
The second group - the people suitable to FOREX as to the serious financial market, deeply studying the theory and ready to spend is a lot of time and efforts to learn correct work in this market, and with the course of time to start to earn essential and, the most important, stable profit. Thus it is necessary to understand that FOREX in this sense it is very flexible and gives a field of action both for those, and for others. The spectrum of probable results is very great. At successful coincidence of circumstances it is possible, not possessing even elements of the market to double an ownership capital for 1 day. On the other hand, for large financial institutions in the West comprehensible yield in this market is the level of 20-60% per annum on the invested capital. These are two poles in possible strategy in this market. The game approach allows earning fast lump sum, but sustains risk of instant loss of all funds and has no long prospect. The market approach allows earning at the certain persistence decent money with limited enough risks. And before entering the market you for it should define, to what of poles you will be closer during the work.
Define in advance, that you wish to receive from the market, for what term, with what expenses and risks. Depending on the selected strategy of game on FOREX you should define for yourselves that time with which you are ready to allocate for studying market FOREX. At desire quickly to earn it is enough to study one book in the size in 200-300 pages, containing substantive provisions and concepts of market FOREX, and to start the beginning of operations. Thus the probability of a prize will change about 50% and to tend to downturn at increase in quantity of operations. More serious approach demands initially studying of a maximum quantity of an available information for full understanding of all bases of the market, available tools and methods of the analysis and forecasting of the market which can raise quality of your trade. Unnecessarily in the trade to use all existing ways and methods of forecasting and the analysis, but their knowledge and skill to apply them will allow to develop as much as possible effective system of the trades without which successful long trade is simply impossible.
Find the greatest possible quantity of time for studying the theory before the beginning of practice. It is necessary to find also in the life any part of time directly for participation during trade. Quantity of spent time for acquaintance with the current information, forecasting of the market, the analysis of own results more often in direct ratio received profit. Rash operations seldom enough lead to notable positive results. And even the earned profit at absence of the analysis and systematization in work is quickly lost in next transactions. Thus, all again depends on time.
The major stage before decision-making on the beginning of real game in market FOREX is definition of the size of money resources which you are ready to risk for reception of profit. Any speculative market, and market FOREX in particular, is interfaced to risk of loss of the committed finances. Therefore never put in game more money, than you are ready to lose. Possible losses (from which are not insured even professionals) should not become for you a financial trouble. Do not play on extra funds or for last means postponed for “rainy day”. Market FOREX far not that place where it is possible quickly and without problems to increase greatly a seed capital. It or risky game for the people possessing free money and ready is painless for them to lose, or long and laborious work on purchase of the skills capable in the future to bring the essential income on the invested capital. Therefore primary you should are morally ready to loss of means and to define that sum of funds which loss will be rather painless for your budget. Probably, it also will not occur, but to realize such opportunity better in advance, than to receive financial both psychological impact and feeling of desperation after already it is impossible to correct anything.
After you all the same have made a decision on test of the forces in market FOREX, the major stage becomes a choice of the partner or, easier speaking, the broker through whom will pass your operations. Even at brilliant possession of the theory and practice of the market the certain moments in activity of the intermediary between you and the market can reduce “on there is no” all your efforts and even to serve as the reason of losses. Therefore, before to begin trade, it is necessary to spend the certain efforts to a choice of the good partner. For this purpose it is necessary to collect more information on brokers working in the market, on their financial conditions and reputations. Various brokers offer commissions differing from each other, spreads, percent and the software for trade. The size of the commission, a spread, speed and convenience of the program, and also quality of the offered information on the market can render huge influence on an end result of your work. However, attractive financial conditions by all means should be combined with good reputation and long for works in the market. Otherwise even the earned funds can be for ever lost because of untidiness of the broker that is not for today such unusual occurrence.
At a choice of the broker, besides acquaintance with financial operating conditions, it is necessary to familiarize and test by all means the software which becomes the tool for execution of your will in the market. Different brokers offer their own programs written in different languages and possessing a different degree of speed, reliability, convenience and a various tooling of the analysis. Practically all intermediaries suggest to take advantage of their programs in a demonstration mode, and some people by means of them and to participate in free-of-charge competitions with monetary prize-winning fund. It is desirable to try for comparison some similar intermediaries on offered conditions. Necessarily spend not less than month for game in a demonstration mode, combining it with studying the theory of the market, testing the received knowledge in practice. It will allow you not only to check up quality and convenience of the software, but also you to check up more and more time necessity of the introduction into game on real money. Quality of work of the program and the personnel of the intermediary in a demonstration mode in many speaks about what quality can receive final service, having opened the real account. Constantly analyze results of own work and quality of service. A unique major condition in a demo-game is that with virtual money you should try to address also carefully as with real. Frequently game in a demonstration mode can force you not only replace the prospective intermediary, but also in general to make a decision on undesirability of your participation in game in the financial markets. Far not each person is capable to work successfully in the financial markets: the clear intellect is necessary for this purpose, endurance, skill to risk still more many other individual qualities.
During demonstration trade try to define precisely those tools and information sources which you will use at decision-making on fulfillment of transactions. Also, even prior to the beginning of real trade, it is necessary to define tactics of fulfillment of transactions. As you will often open positions, how much long you will hold the open positions in what the moments will make transactions, as well as in what size you will limit possible losses under the transaction, what part of the capital will use at fulfillment of each separate transaction - all is questions, answers on which will render very essential influence on end results. Besides allocate from huge weight of sources of the information and indicators of the market for itself what, in your opinion, are reliable and correspond to chosen tactics. In language of professionals it refers to as development of own trading system. In fulfillment of financial operations the order and complexity is necessary. The intuition and feeling of the market, undoubtedly, are an important point in decision-making, but they should not be principal causes for fulfillment of the transaction at all. Having developed the certain system of trade, it is necessary to recede from it only in the extreme cases. It is necessary to analyze constantly results of own system, to bring corrective amendments and constantly to improve it. Chaotic trade is a direct way to loss of the committed finances.
Starting real trade, it is necessary to understand firmly, that game in a demonstration mode or as speak, “on a paper” very essentially differs from real game on “real” money. The difference is comparable to sensations of the same sportsmen on training and in the world championship. At real game each movement of a rate is expressed in quite concrete sum of your means, and it puts huge psychological pressure upon the person. Even quite successful players at the slightest failure can lose a head and ability to sober thinking and the analysis. But also excessive euphoria from the received prize can play with you a malicious jest.
Develop own system of successful trade and strictly follow it. Having chosen trading strategy and tactics, having developed own trading system, do not wait, that 100% of transactions become profitable. Any professional makes both profitable and unprofitable transactions. It is important, that the quantity and total result of profitable transactions exceeded the same parameters unprofitable. The best professionals approximately only in 70% of cases reach positive result under the transaction. The profit earns during the long period of time at the cost of excess of the size of the total income over losses. Therefore the individual unprofitable transaction should not upset and unsettle you. You only should analyze closely the reasons which have led to losses and to improve own system of trade in due course to achieve stable growth of results.

Net profit of the largest Swiss insurance company Zurich Financial Services Group AG in the first half of 2006 has grown on 8% - up to 2 billion dollars in comparison to 1.86 billion dollars for the similar period of the last year.
The proceeds for the accounting period have decreased on 8.5% - from 31.86 billion dollars up to 29.15 billion dollars. Such data contain in the report of the company published today. Results of financial activity of the company have appeared above forecasts of analysts.

The Net profit of the world’s largest manufacturer of printers Hewlett-Packard for 9 months 2005-2006 (since November 2005 till July 2006) has grown in 2.3 times - up to 4.5 billion dollars against 1.98 billion dollars for the similar period year earlier. Such data contain in the published report of the company. Thus the proceeds have increased on 5% and the Operational profit for first three quarters of 2005-2006 also has made 67.1 billion dollars has increased - on 44% in annual calculation, having reached a mark 4.66 billion dollars.
On results of 3rd quarter of the current fiscal year which has come to the end on July, 31st 2006, net profit of HP has increased in 19 times - from 73 million dollars year earlier up to 1.38 billion dollars for May-July of 2006. The proceeds have grown on 5%, having made 21.9 billion dollars the Operational profit has increased on 65% and has made 1.51 billion dollars (in May-July 2005 - 913 million dollars).
The company management has expressed satisfaction the received quarter results and has made the confident forecast for 4th quarter of current fiscal year. So, in opinion of HP proceeds of the company in August-October of 2006 should make nearby 24.1 billion dollars

Net profit of Swiss bank UBS AG, the sixth on size of bank of the world, in 2nd quarter of 2006 has grown on 42% - up to 3.25 billion Swiss francs (2.06 billion euro) in comparison about 2.29 billion Swiss francs (1.45 billion euro) for the similar period of the last year.
The operational profit of the company for the specified period has grown on 30% - about 9.55 billion Swiss francs (6.05 billion euro) up to 12.41 billion Swiss francs (7.86 billion euro).
The cumulative size of actives in accounting quarter has grown on 5.7% - up to 2.18 trillion the Swiss francs (1.38 trillion euro) in comparison with 2.06 trillion the Swiss francs (1.3 trillion euro) in 2nd quarter of 2005.
Such data contain in the report of the company published today. Results of financial activity of the company have appeared above forecasts of analysts.

The American company International Business Machines Corp (IBM), the world’s largest provider of computer services, buys the developer of hardware FileNet Corp. for 1.6 billion dollars. Such data contain in the press release of company IBM published today. In recalculation on one stock IBM will pay for each securities FileNet on 35 dollars, that on 1% above cost of stocks of FileNet on results of closing of the trades in electronic system Nasdaq on the eve. The transaction will be carried out in carry-over funds.
The transaction still should be approved by shareholders of FileNet and adjusting bodies of the USA. End of the transaction is expected in 4th quarter of 2006.
American company FileNet develops corporate decisions for automation of document circulation and business processes.

Universal Computer Systems Inc buys American company Reynolds and Reynolds Co. which is engaged in development of computer maintenance for the companies, selling cars, for 2.5 billion dollars. Such data contain in press release of Reynolds and Reynolds published today.
According to the signed agreement, Universal Computer Systems which also is engaged in development of computer maintenance will pay on 40 dollars for each stock of Reynolds and Reynolds, that on 14 % above cost of securities Reynolds and Reynolds on results of closing of the New York stock exchange on the eve. Besides it, Universal Computer Systems will incur obligations on repayment of duty of Reynolds and Reynolds for the sum of 300 million dollars the Transaction will be carried out in securities.
For financing purchase Universal Computer Systems will apply for the credit in banks Deutsche Bank and Credit Suisse. After end of the transaction the company will continue to conduct the activity under trademark Reynolds and Reynolds. Voting of shareholders under the transaction will pass in 4th quarter of this year. The transaction still should be considered by adjusting bodies of the USA. The termination of transaction is expected in the beginning of 2007.

The American court on affairs of bankruptcies has approved the plan of refinancing of a duty of airline Northwest Airlines. Judge Alan Gopper has approved intention of the company to refinance an existing duty at a rate of 1.13 billion dollars and to receive an additional loan in 250 million dollars owing to what the airline becomes more liquid. Refinancing will help Northwest Airlines to save nearby 34 million dollars a year from payments on percent and 900 million dollars more for repayment of debts to 2010. The fifth on size airline of USA Northwest Airlines has declared the bankruptcy on September, 14th 2005. Its pure losses on results of 2nd quarter of 2006 have increased for 22% - up to 285 million dollars in comparison with losses at the rate of 234 million dollars fixed for the similar period on year earlier.

Net profit of the largest Hungarian oil-and-gas company MOL Hungarian Oil and Gas Plc. (MOL Group) in 2nd quarter of 2006 has grown on 19% - up to 76,7 billion forint (284.34 million euro) in comparison to 64.3 billion forint (238.37 million euro) for the similar period of the last year. The operational profit for the specified period has grown on 32% - from 77.4 billion forint (286.93 million euro) up to 102.3 billion forint (379.25 million euro). The proceeds of the company for the accounting period have grown on 29% - up to 702.2 billion forint (2.6 billion euro). Such data contain in the report of the company published today.
Results of financial activity of the company have appeared above forecasts of analysts. MOL explains growth of financial parameters by a rise in prices on energy carriers and increase of margin at processing crude oil on a background of the increased demand for mineral oil.

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