One of our countries biggest retailers Wal-Mart is trying to expand overseas and buy South Africa's retailer Massmart. This makes the expansion that Wal-mart was looking for and into overseas, but just not in South Africa. The Crime rate is very high in South Africa and they also have a twenty four percent unemployment rate, which is very high. Massmart own 290 stores in over 13 countries in the continent of Africa, and with Wal-marts business making over 25 percent of their revenue, this would be a power move. Although the move is still up in the air, it is very possibly, but more than that a great opportunity for the Wal-mart company.
Wal-mart expanding overseas to South Africa sounds like an smart move. With as many stores as the current retailer Massmart has, it only makes sense to take the third largest distributor of consumer goods and put an American brand name behind it. With Wal-marts added selection and concrete structure, the store will run smooth into its transitions from name and brand. The only and biggest problem i see aside from shares, would be that South Africa is very unionized, where Wal-mart is totally against the union. The potential is their in this growing urbanized economy, which means their is only more room for growth.
Tuesday, September 28, 2010
Tuesday, September 21, 2010
Autumnal Equinox affects the Stock Market.
An Equinox is when, "the tilts of the earths axis are inclined, from neither away from the sun or towards the sun". In sense, what happens is the day time and night time are around the same time length. This happens twice a year, in March and September. This can be scary for the stock market, because the equinox that falls in September generates bad business, on top of the market lows that happen in September.Some believe that this is all speculation talk, but unfortunate actions have took place around that time in previous years, that state otherwise.
One being the New York Stock Exchange great crash in September, 1929, Stocks peaked then came crashing down into an all time low. The stock market also crashed after the September 11th attacks on the world trade center, which doesn't pertain to the equinox, but is a misfortune that happened in the September month. From 1958 to 2008 September has had, " the most declines" and "lowest average returns", said in Dow Jones industrial index.Whether or not these actions that happened in September were routine, or coincidental, facts in reports depict September as the low month, and have reputable facts backing their statements.
One being the New York Stock Exchange great crash in September, 1929, Stocks peaked then came crashing down into an all time low. The stock market also crashed after the September 11th attacks on the world trade center, which doesn't pertain to the equinox, but is a misfortune that happened in the September month. From 1958 to 2008 September has had, " the most declines" and "lowest average returns", said in Dow Jones industrial index.Whether or not these actions that happened in September were routine, or coincidental, facts in reports depict September as the low month, and have reputable facts backing their statements.
Tuesday, September 14, 2010
BP passes blame
Oil company BP, after being under investigation and close watch, due to their involvement in the oil spill in the Gulf of Mexico is now passing blame onto their contractors, Haliburton and Transocean. On April 20th, there was a deadly explosion that killed eleven workers, that led to this. There were three main problems,a pressure test that was misread, unstable cement and an, " improperly maintained blowout preventer". After the recorded findings, both company's starting pointing fingers at each other. BP claiming the problems stem from, "poor human judgments, engineering design and mechanical failure".While Haliburton goes on record stating that the problem is within BP's well design. Until greater evidence surfaces with more thorough investigations, BP and its contractors will be at an uphill race to determine who will take claim for the biggest oil spill in U.S history.
After reading about the oil spill and the grave danger it caused, now is not the time to be, "pointing fingers" at one another. BP at one time was taking full responsibility for the spill and tragedy, they even had tv commercials stating this. BP then takes back full responsibility and blames the problems on their contractors, Haliburton and Transocean, who have more valid and concrete facts than BP. Both contractors have documentations stating they have told BP about their many problems and what should get fixed. BP has reputable knowledge about the matter, even though most of their workers are all, pleading the fifth amendment. Emails surfaced containing jokes about the, "death well", and the "nightmare" as it was so commonly refereed to. Bp needs to take action and instead of passing blame to the next parties, and figure out a way so this never happens again.
After reading about the oil spill and the grave danger it caused, now is not the time to be, "pointing fingers" at one another. BP at one time was taking full responsibility for the spill and tragedy, they even had tv commercials stating this. BP then takes back full responsibility and blames the problems on their contractors, Haliburton and Transocean, who have more valid and concrete facts than BP. Both contractors have documentations stating they have told BP about their many problems and what should get fixed. BP has reputable knowledge about the matter, even though most of their workers are all, pleading the fifth amendment. Emails surfaced containing jokes about the, "death well", and the "nightmare" as it was so commonly refereed to. Bp needs to take action and instead of passing blame to the next parties, and figure out a way so this never happens again.
Subscribe to:
Posts (Atom)