Foreign Currency Translation

This summary is based on the fourth quarter fiscal 2006 earnings call conducted by Tiffany & Co. (TIF: chart) on March 26, 2007. Key Investors Issues - Earnings for the quarter were nearly flat at $140.5 million, or $1.02 per share, from $140.3 million, or 97 cents a year ago. - Revenue climbed 15% to $986.4 million from $858.4 million last year. - Same-store sales grew 8% worldwide, excluding the effect of foreign currency translation. - For the year, net income was nearly flat at $253.9 million, or $1.80 per share, compared with $254.7 million, or $1.75 per share, in 2005. - Revenue grew 11% to $2.65 billion from $2.4 billion in 2005. 2007 Outlook - For the year, the company expects EPS growth of 15%, implying net income of $2.07. - Tiffany sees sales growth between 11% - 12%, implying sales between $2.94 and $2.97 billion.

51job, Inc. Updates Guidance and Recent Developments for First ...

SHANGHAI, China, March 15 /Xinhua-PRNewswire/ -- 51job, Inc. , a leading provider of integrated human resource services in China, announced today updated revenue guidance and provided earnings targets for the first quarter ending March 31, 2007.

Based on current market demand and operating conditions, the Company is increasing guidance and now expects first quarter 2007 revenues in the estimated range of RMB192 to RMB202 million (US$24.6 to US$25.9 million). Excluding share-based compensation expense and any foreign currency translation losses or gains, the Company's non-GAAP fully diluted earnings target for the first quarter of 2007 is in the estimated range of RMB0.58 to RMB0.68 per common share (US$0.15 to US$0.17 per ADS). The Company expects aggregate share-based compensation expense in the first quarter of 2007 to be approximately RMB8 million (US$1.0 million).

Globalisation, challenge of imperialism Preserve national economic ...

It is the considered opinion of the Akhil Bharatiya Pratinidhi Sabha (ABPS) that loss of economic sovereignty of a nation will put a question mark on its political sovereignty as well, and its cultural sovereignty will also be in peril. Current economic era of globalisation is imperialistic in nature. Bharats economy has been non-monopolistic and decentralized by nature. This remained the basis of Bharats strength. Productive and self-reliant society only can comprehensively evolve such an economic system. Capitalism divides society into mutually antagonistic groups, widens the gulf of disparities, and finally pushes the society into the vortex of class conflicts. Answer to this capitalist model, which is becoming powerful in the guise of globalisation, is not in communism, but in the integral humanismthe unique gift of Bharats culture to the world.

For a few rupees more: Making cents of it all

This adventure began when my uncle bestowed me with a 100-dollar bill. I have never been the kind of person who accepts unsolicited gifts; it makes me feel obligated, as if I have to do something in return. So, I flashed Uncle Guy my million-dollar smile in consideration for his kindness. Quid pro quo and all that jazz, if you get my drift… Not a bad deal for stretching my facial muscles… although I surmised that the mystic Mona Lisa could have outdone me. For my friendly neighbourhood grocer man, however, my hundred-dollar note was the modern-day equivalent of cowry shells. He wanted it because he knew that it was valuable, but he was unwilling to accept it because he was not sure exactly how much it was worth… The trishaw driver, echoing the grocer’s sentiments, snarled, "Gimme rupees." Confronted with an existential dilemma of Shakespearean proportions (to exchange or not to exchange?), I began to realize why the barter system was flawed.