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Jan 10

FedEx Delivers Another Good Quarter

Posted on Tuesday, January 10, 2012 in Ed Hardy

In September, I told you about FedEx’s (NYSE: FDX - News) fiscal-first-quarter earnings’ growth story. In the second quarter, the company reported a bombastic 76% income growth compared to its previous-year quarter. The world’s second-largest packaged delivery company posted better-than-expected results thanks to strong Thanksgiving weekend online sales and a better price/volume mix, sending the shares up after the announcement.

Let’s dig deeper.

The quarter
Profits increased to $497 million, a 76% year-over-year rise. The company earned $1.57 per share, beating the Street expectation of $1.53 per share. FedEx also improved its operational margins to 7.4%, from 4.9% last year, helped by fewer flights and frequencies.

Overall sales inched up by 10%, to $10.59 billion. Sales at FedEx’s largest business — FedEx Express — grew 10% and helped the company push up its revenue. Although international priority daily package volume was lower due to a weaker Asian market, the company still logged higher international priority revenues per package due to higher fuel surcharges, rate per pound, and weight per package.

Shopping and holiday mix
With an increase in online shopping during the Thanksgiving weekend, demand for residential delivery services shot up. The fact that online retailer Amazon.com is expected to have a strong holiday season is certainly good news for shipping companies like FedEx.

Looking beyond the quarter
Despite being hurt by a weak Asian market, FedEx has opened its largest express facility in China. The company sees China as an important market for express offerings as it can account for the bulk of FedEx’s future growth. Rival United Parcel Service (NYSE: UPS - News) is also increasing capacity in Asia.

Apart from expanding in Asia, FedEx has been conscious of lowering its costs. The company is buying 27 new 767-300 freighter planes from Boeing (NYSE: BA - News) to replace its aging MD-10 planes. The new planes will be 30% more fuel-efficient and more reliable. The order is valued at $4.7 billion. This investment will reduce unit operating costs by 20%.

The Foolish bottom line
FedEx posted bright numbers this quarter due to a combination of strong Thanksgiving weekend e-commerce and higher margins. With well-planned investments in Asia and cost-efficient strategies, FedEx looks intriguing. The company expects to earn $1.25 to $1.45 per share this quarter as compared to the Street expectation of $1.31 per share.

FedEx looks to be a solid bet going into 2012,Replica Ed hardy, but if you’d like to take a look at the one company our chief investment officer has picked for tremendous growth in 2012, check out The Motley Fool’s brand-new report, “The Motley Fool’s Top Stock for 2012.” It highlights a company that is revolutionizing commerce in Latin America. You can get instant access to the name of this company by clicking here — it’s free.

Navjot Kaur does not own shares of any of the companies mentioned in this article. The Motley Fool owns shares of FedEx, United Parcel Service, and Amazon.com. Motley Fool newsletter services have recommended buying shares of FedEx and Amazon.com. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Jan 5

New Pentagon strategy stresses Asia, cyber, drones

Posted on Thursday, January 5, 2012 in Ed Hardy

WASHINGTON (Reuters) President Barack Obama unveiled a defense strategy on Thursday that would expand the U.S. military presence in Asia but shrink the overall size of the force as the Pentagon seeks to slash spending by nearly half a trillion dollars after a decade of war.

The strategy, if carried out, would significantly reshape the world’s most powerful military following the buildup that was a key part of President George W. Bush’s “war on terrorism” in Iraq and Afghanistan.

Cyberwarfare and unmanned drones would continue to grow in priority, as would countering attempts by China and Iran to block U.S. power projection capabilities in areas like the South China Sea and the Strait of Hormuz.

But the size of the U.S. Army and Marines Corps would shrink. So too might the U.S. nuclear arsenal and the U.S. military footprint in Europe.

Troop- and time-intensive counter-insurgency operations, a staple of U.S. military strategy since the 2007 “surge” of extra troops to Iraq, would be far more limited.

“The tide of war is receding but the question that this strategy answers is what kind of military will we need long after the wars of the last decade are over,Replica Bulzeye,” Obama told a Pentagon news conference alongside Defense Secretary Leon Panetta.

The strategy drew varied reactions, with Republican Senator John McCain saying the United States could not afford a “budget-driven defense” and independent Senator Joe Lieberman warning it would “greatly increase the risk” that a U.S. adversary would underestimate the U.S. resolve to fight.

“This is a lead-from-behind strategy for a left-behind America,” said Representative Buck McKeon, Republican chairman of the House Armed Services Committee. “The president has packaged our retreat from the world in the guise of a new strategy to mask his divestment of our military and national defense.”

SMALLER, LEANER

Panetta said the new strategy would mean the Pentagon would field a “smaller and leaner” military force, but added that the exact number of personnel would not be determined until the Defense Department finishes its proposed 2013 budget in the coming weeks.

Administration officials have said they expect Army and Marine Corp personnel levels to be reduced by 10 percent to 15 percent over the next decade as part of the reductions.

The Army’s current strength is about 565,000 soldiers and there are 201,000 Marines, meaning an eventual loss of between 76,000 and 114,000 troops.

Panetta acknowledged the Pentagon’s financial constraints would mean difficult choices and trade-offs that would require the United States to take on “some level of additional but acceptable risk in the budget plan we release next month.”

Critics charged that the cuts were driven by budget woes rather than U.S. defense needs.

“The Pentagon is trying to put on a brave face that this is a pure strategy that has informed the 2013 defense budget,” said Mackenzie Eaglen, a national security expert at the conservative Heritage Foundation think tank.

“Everyone knows that the cart was before the horse on this and that Congress and the president picked a budget and this is a strategy to chase down those numbers,” she said.

“This is a classic resource-driven strategy document,” said Gordon Adams, an American University professor who worked on defense budgets in the Clinton administration White House.

“That’s not a criticism, that’s just a reality. It’s inevitable. Strategy always wears a dollar sign,” he said.

Obama and Panetta insisted that the reverse was true and that strategy would inform the spending decisions. But they did not divulge details of spending and cuts, which will be released as part of Obama’s upcoming federal budget for fiscal year 2013.

The president emphasized that even after enactment of the $487 billion in reductions over 10 years that was agreed with Congress in August, the defense budget would still be larger than it was toward the end of Bush’s administration.

“Over the past 10 years, since 9/11, our defense budget grew at an extraordinary pace,” Obama said. “Over the next 10 years, the growth in the defense budget will slow but the fact of the matter is this - it will still grow because we have global responsibilities that demand our leadership.”

The shift in focus to Asia comes amid increasing concern at the Pentagon over China’s strategic goals as it begins to field a new generation of weapons that American officials fear are designed to prevent U.S. naval and air forces from projecting power into the Far East.

The new strategy also calls for increased investment in cyber capabilities and suggests the United States may be able to shrink its nuclear arsenal further without jeopardizing security, a statement welcomed by arms control groups and some lawmakers.

ONE WAR, TWO WARS

The strategy says the United States should maintain a force that can win one major war while still being able to deter an aggressor in a second conflict. In the past the Pentagon has tried to field a force that could fight and win two major wars at once.

Panetta played down the differences, saying the earlier strategy dealt with large conflicts of the past while the current strategy was considering the conflicts the United States is likely to face in the 21st century.

“Make no mistake - we will have the capability to confront and defeat more than one adversary at a time,” he said.

But Representative Mike Coffman, a member of the House Armed Services Committee, expressed alarm over the shift in U.S. posture, saying, “I believe we can make cuts that don’t reduce capability,” a concern that was echoed by Lieberman.

The strategy underscores the United States’ “enduring interests” in Europe and the importance of the North Atlantic Treaty Organization but says the force posture in Europe must “evolve” with the changing times, opening the door for troop reductions.

Administration officials have said the United States is likely to further reduce the number of ground forces in Europe by another combat brigade, a unit of 3,000 to 4,000 people depending on its composition.

The strategy also highlights the U.S. interest in maintaining stability in the Middle East while responding to the aspirations of the people as expressed in the “Arab spring” last year. It also says the United States will continue working to halt nuclear programs in Iran and North Korea.

The new defense strategy can be found at: http://www.defense.gov/news/Defense_Strategic_Guidance.pdf

(Additional reporting by Laura MacInnis and Andrea Shalal-Esa; Editing by Eric Walsh)

Jan 5

NY grocery changes course on Alec Baldwin TV ads

Posted on Thursday, January 5, 2012 in Ed Hardy

ROCHESTER, N.Y. A New York-based supermarket chain has had a change of heart about grounding Alec Baldwin as a spokesman because of his antics aboard an American Airlines flight.

Wegmans Food Markets said Wednesday it will continue running television ads featuring Baldwin after being inundated with “hundreds and hundreds of tweets, emails, and phone calls” in support of the actor.

“We regret ending the Alec Baldwin holiday commercials one week earlier than planned in response to a couple of dozen complaints,” Wegmans said in a statement. “We have decided to run the commercials again, effective immediately. Clearly,Cheap Ed hardy t-shirts, many more people support Alec.”

Wegmans revealed Tuesday it had pulled the ads after drawing customer criticism about Baldwin’s behavior. He was removed from a New York-bound flight at Los Angeles International Airport on Dec. 6 for refusing to turn off his cellphone.

The commercials, which were filmed for the 2010 holiday season, were supposed to run again for three weeks last month but were pulled a week early after Baldwin’s airline dustup.

Baldwin was hired for the ads after he mentioned that his mother, who lives in the Syracuse area, is a loyal Wegmans customer.

“We appreciate Wegmans’ decision and the sentiment expressed in their statement,” Baldwin publicist Matthew Hiltzik said.

Wegmans, a family owned business founded in Rochester in 1916, is credited with helping pioneer “one-stop shopping.” It has 79 stores in New York, Pennsylvania, New Jersey, Virginia, Maryland and Massachusetts.

Jan 4

Before the Paparazzi See Celebrity Portraits by Hollywood’s Original Photographers at the National

Posted on Wednesday, January 4, 2012 in Ed Hardy

Beforetoday’s Internet-induced era of celebrity overexposure, paparazzi abundance, and tabloid proliferation, there was a time when film studioscontrolled the public’s perception of their actors and actresses through the use ofin-house portrait photographers. London’s National Portrait Gallery pays tributeto that period with “Glamour of the Gods: Hollywood Portraits,” an exhibition of 70 vintage photographsfrom 1920 to 1960, on view until October 23.

Most of the printscome from the archive of the John Kobal Foundation,wholesale Moncler, founded by the eponymous collector who began tracking down the photographers behind the glossy images in the 1950s and ’60s, just as corporate takeovers of the big Hollywood studios began phasing out the promotional practice. He continued to collect the photos until his death in 1991.

“When he becameinterested in the men behind the images, almost all of them were still aliveand reachable,” said film and art critic John Russell Taylor about Kobal. “It was John who realized their importance, at a time when no one else gave adamn about them.”

Studios used tosend the commissioned portraits to fans and the media in efforts to spread wordabout the features. Eugene Roberts captured a 1929 black-and-white photographof Louise Brooks that elegantly resembles the era’s fashion illustrations. Other highlights of the exhibition include a 1950 portrait ofa hunky Marlon Brando used to promote “A Streetcar Named Desire,” and adisheveled Vivian Leigh in a 1939 shot from “Gone With the Wind.” Striking images of Elizabeth Taylor,Joan Collins, Grace Kelly, and Clark Gable are also on view.

Clickon the photo gallery at left to view images from “Glamour of the Gods:Hollywood Portraits.”

Oct 31

Taylor Swift Rocks Glittery Striped Dress by Fragrance Launch - UsMagazine.com

Posted on Monday, October 31, 2011 in Ed Hardy

Superstar in stripes!

During an advent on Good Morning USA earlier in the day, the 21-year-old musician revealed namely the appoint of the scent came from her melody “Enchanted.”

PHOTOS: Taylor Swift’s high-profile flames

PHOTOS: Does Taylor see better with straight or curly hair?

Taylor Swift dazzled in a sparkly Tracy Reese dress with peep-toe pumps and her signature red lips at the launch of her first perfume, Wonderstruck, at Macy’s Herald Square in New York City on Thursday.

“It says, ‘I’m wonderstruck, blushing all the direction family,’” she unraveled. “I’ve always adored that line and the clause ‘wonderstruck.’ I don’t hear it very constantly.”