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Showing posts with label results. Show all posts
Showing posts with label results. Show all posts

Monday, October 22, 2012

Pro-independence parties win votes in Spain’s Basque Country


 
Inigo Urkullu, the candidate of the Basque Nationalist Party (PNV), casts his ballot at a polling station in the northern Spanish Basque village of Durango, October 21, 2012.

Source: Press TV
http://www.presstv.ir/detail/2012/10/22/268080/basque-separatists-win-votes-in-spain/

Nationalist and separatist parties have won the regional elections in Spain’s northern autonomous region of Basque Country, with the winners expected to call for a referendum on independence.

The moderate Basque Nationalist Party came top in the Sunday elections in one of Spain’s 17 autonomous regions, winning 27 seats in the 75-member regional parliament.

The left-wing separatist EH Bildu coalition, which campaigns for an independent country within the European Union, won 21 seats. The two parties jointly took almost two-thirds of the parliament seats and brought an end to the rule of the socialist government that took office three years ago.

Meanwhile, Prime Minister Mariano Rajoy’s center-right People’s Party retained its majority in his home province of Galicia, despite the government’s unpopular harsh austerity measures.

The prosperous Basque region, which is home to 2.2 million people, has been racked by decades of separatist violence.

The poll results are expected to lead to more anti-government sentiments, which has been under fire over its austerity measures and public spending cuts and tax hikes.

Public protests have grown in Spain over the speculation that the government will seek a Greek-style European bailout to keep its borrowing costs in check.

Over the past few months, anti-austerity demonstrations have turned violent in Spanish cities such as Madrid, Barcelona and Valencia, as well as in rural mining locations in the north.

Battered by the global financial downturn, the Spanish economy collapsed into recession in the second half of 2008.

Friday, October 19, 2012

Google loses $26 billion due to premature report


 
(AFP Photo / Karen Bleier)

Source: Russia Today
http://rt.com/business/news/google-stock-plunge-report-767/

Google Inc's saw its shares crash by 9%, erasing about $26 billion off the company’s market value after its quarterly result, which fell below Wall Street's expectations, were accidentally released early.

Trading of Google stock was halted after the shares had fallen as much as 10.5%. “We have ceased trading on NASDAQ while we work to finalize the document,” the company said in a statement, stressing it would release its full report “once it’s finalized.”

The third-quarter revenue was about $11.3 billion, short of the average estimate for $11.8 billion, according to Google’s report. It grew 15% to $7.73 billion from the same period a year earlier, less than half the growth Google reported in at the same period in 2011.

The company’s growth has slowed down as the world’s largest seller of online ads struggles to adjust its advertising to tablets and smart phones. The number of advertisers paid each time a user clicks on a advertisement dropped about 15% from a year earlier, and was 3% down from the prior period, according to the report.

Google’s CEO Larry Page apologized for the “scramble”caused by the accidental release. Google blamed financial printing company R.R. Donnelley & Sons for the early release of the earnings report that resulted in a drop in tech stocks across the market, with the Nasdaq Composite falling 1%.

R.R. Donnelley said it’s investigating the issue. “We are fully engaged in an investigation to determine how this event took place and are pursuing our first obligation – which is to serve our valued customer,” the company said in a statement.