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Victoria's Secret Fashion Show 2012

Tonight's the night! The annual Victoria's Secret Fashion Show airs Tuesday and you'll be able to witness all of the hot models and musical acts on the tube. However, we've got a sneak peek of the action, which actually went down in early November.

 

One of the standout Angels from the show is a seasoned AngelMiranda Kerr. It definitely wasn't her first time on the catwalk for an event like this. She strutted her stuff with big feathers and glittering jewels and the whole nine yards and didn't so much as flinch in her stilettos. Now that's talent! 

The brunette wore a variety of sexy ensembles down the runway and we have pictures all of her best looks, plus shots of all the other hot ladies. Check them out below! 

Tonight's show features singers, including Bruno Mars, Justin Beiber and Rihanna; and of course, the angels, including Cameron Russell, Mirander Kerr, Candice Swanepoel, Alessandra Ambriosio and many others. With themes from dangerous liasons to the circus and old world Hollywood glam, there is something for everyone; well, maybe not everyone.

Tonight's sexy spectacle promises to be another spectacular night of sexy lingerie fashion. And we will be watching of course. Only Victoria's Secret can make an overdose of glitter and rhinestones make sense on underwear. Someone had too much fun with the glue gun.

Buffett to Swiss Reinsurance claims $ 1,000,000,000 cooperation relationship breakdown

Buffett to Swiss Reinsurance claims $ 1,000,000,000 cooperation relationship breakdown

Warren Buffett's Berkshire - Hathaway Company to Switzerland reinsurance claims one billion U.S. dollars, the cooperation between the two sides formally rupture. Swiss Re is disclosed for the first time in the third-quarter earnings in the dispute, saying Berkshire - Hathaway claims for damages of $ 500 million to $ 1 billion between. However, Swiss Reinsurance stressed that this requirement is completely unfounded.

Under a massive asset write-downs in 2009, reinsurers, Berkshire - Hathaway helping hand extended to provide the financing of 30 billion Swiss francs a year after the two sides reached agreement "retrocession". The company suffered a $ 642 million pre-tax underwriting loss of business misjudgments

The euro rose kinetic energy depleted concern ECB resolution

Wednesday (Dec. 5) New York session, the euro against the U.S. dollar from a seven-week highs, so the former Spanish bond auction result is disappointing, and weak economic data in the euro area, so that investors bet the euro has in recent days risetoo much too fast.

Of Greece in the past week to get more financial aid from the international gold master optimism driven by the strength of the euro, but the euro rally kinetic energy depleted fell below 1.31 against the dollar, the Euro technical outlook is bearish, the euro's recent liter potential order against the dollar so far this year rose 1.1%.

Days announced a number of European countries in November service sector purchasing managers index (PMI), the overall mixed data, the 10 euro-zone retail sales dropped 3.6%. On the other hand, Spain also auctioned 4.252 billion euros of medium-term bonds, the scale below the target range ceiling of 4.5 billion euros.

While in U.S. fiscal cliff negotiations message is still unsatisfactory, intraday U.S. President Barack Obama still adhere to its plan to raise taxes for 2% of the richest people, the House Republican leader Cantor also bluntly fiscal impasse in negotiations, the need face-to-face negotiations.

However, U.S. factory orders, ISM non-manufacturing PMI data are not subject to the impact of Hurricane Sandy unexpected strong performance in the U.S. stock market rose by a down turn, improved risk appetite, risk currencies have stabilized.

Before the European Central Bank monetary policy meeting on Thursday (December 6) at the same time, investors are also reluctant to make big bets. While the market expects the ECB to keep interest rates unchanged at 0.75%, but investors will be concerned about the aggravation of the recession in the euro zone, European Central Bank President Mario Draghi lowered borrowing costs will increase future will reveal clues.

France and Germany disagreement the huge European Bank Union negotiations again broke up

"Bank Alliance is to establish a more powerful key part of the economic and monetary union, which is a European challenge afford to lose." Members of the European Commission responsible for Economic and Monetary Affairs Rennes said that the establishment of the League of European banks to the outside world urgency.

However, local time, on the 4th, the EU finance ministers meeting fruitless, the establishment of the Union of European banks plan suffered another hit.

EU finance ministers have agreed in principle to set up a bank Union as the euro zone's two largest economies, Germany and France on some of the key issues for the establishment of a single regulatory mechanism of the banking sector is still divided, especially on the European Central Bank in role in this regulatory mechanism.

German Finance Minister Wolfgang Schaeuble said the ECB's role in the European banking supervisory mechanism should be, but this does not mean that the European Central Bank should be responsible for establishing the regulatory mechanism.

"If you want the ECB's Governing all German banks, it is difficult to get the German parliament by not believe that any European institutions the ability to monitor thousands of European banks." Schaeuble said.

"We should not drag our feet." Moscovici, the French finance minister said, "France hopes that the European single regulatory mechanism covers all EU bank regulators implemented by the European Central Bank."

The finance ministers of the EU presidency Cyprus, said Mejia Hurley, 27 EU finance ministers failed to reach agreement on the establishment of a single regulatory mechanism of the European banking sector, the finance ministers will hold a special meeting on the 12th of this month for further discussion. However, Schaeuble warned after the end of the meeting of finance ministers, the rapid pace of the process of promoting the Banking Union, the European Union may be difficult to reach an agreement before the end of the year.

The meeting of EU finance ministers warned that the League of European banks, any signs of frustration will combat market. Countries such as France, Belgium, Spain and Italy, the finance ministers issued a warning to Germany: the deadline miss EU would be "dangerous".

Yesterday, European stock markets edged opened higher, the three major indexes rose more than 0.2% intraday, the market does not seem to be the EU finance ministers meeting fruitless. However, the Spanish bond auction results and weaker-than-expected euro zone retail sales data, the euro against the U.S. dollar finished lower.

Who is the maker of Apple crisis

Who is the dominant smartphone and tablet computer market? A year ago, this was a simple and could not be more simple question, but one year later, this issue left many people scratching their heads, because the option in addition to Apple, as well as Samsung.

Three months ago, called the Trial of the Century "Apple Samsung patent case ruling, the results obtained in the United States, ruled that Apple need to compensate the huge economic losses of $ 1.05 billion Samsung loses. However, for the case of the two main characters, which not only did not become the end of the story, instead, he sounded the horn comprehensive upgrade of the war. Will be supplied to Apple's mobile processor prices by 20%, Samsung recently stopped the key parts to the Apple supply battery; to get rid of dependence on Samsung, Apple also began looking for a replacement on a global scale, and accelerate their own "Samsung" footsteps.

Apple acceleration "leaving Samsung"

Recently, Samsung and Apple in China busy, the former busy rectification "sweatshop suppliers in China, the latter busy Chinese suppliers plus orders. However, for the acceleration of the process "to Samsung of" Apple, the challenge has just begun.

As the world's most advanced electronic components manufacturers, Samsung important position in the procurement system of Apple. Accounts based on publicly available information, before the iPhone5, Apple's iPhone series products the total price of 40% of the parts provided by Samsung, throughout the core components such as processors, panel, memory, battery.

"Apple wants to rid itself of Samsung is also very difficult," Joseph Chu Chi, vice president of Comtech core City panel, battery, these are also difficult to find stopgap processor is the most troublesome. "

IPhone5 production, Apple wanted to processor orders to China Taiwan enterprises TSMC, but because of technical shortcomings, Apple eventually A6 processor production all over rival Samsung.

Joseph Chu Chi said, "IC components, the processor is the most complex, especially in large-scale production, high requirements on the production line, Apple headache, other components, Samsung just which Apple suppliers, processor, Samsung is the exclusive supplier. "

According to Taiwan media reports, TSMC may become Apple's processor vendors in the next year, but due to TSMC, Qualcomm, Nvidia large customers, so Apple should really take over the order, how to coordinate the production capacity is a major problem.

Samsung to expand market share gap

"Samsung's rise speed beyond Apple, and even the whole industry is expected originally cooperation than competition relationship quickly turned into a competition than cooperation." Said Joseph Chu Chi evaluation.

The second quarter of 2012, according to data released by the U.S. research firm IDC, the global smart phone shipments, Samsung and Apple teamed grabbed half of, but Samsung is 32.6%, Apple 16.9%, almost only half of the opponent. The same period last year, Samsung and Apple's share of respectively 17% and 18.8%, Apple is also slightly better. Although the iPhone5 release in September, Apple sales to achieve a high growth of 57.3 percent year on year, but Samsung's sales in the quarter year-on-year increase of up to 100.4%, and further widen the gap with Apple in terms of scale.

Both competitive landscape changes quickly led to the shock of the capital market. In the past two months, Apple and Samsung's share price out of the two diametrically opposite curve: the former price fell below the $ 600 mark, the market value has shrunk to two percent in mid-November to a record low of $ 528 six months; while the latter stock but in the Korean stock market rise higher and higher, with a record high in November, the market value of close to $ 200 billion, higher than the sum of Japan's top five electronics giant also twice.

However, this is somewhat puzzling. Three months ago "Trial of the Century", the winner is clearly Apple, why the court winner retreat, losers instead siren song?

Insiders familiar with patent cases to reporters just T account, $ 1,050,000,000, for many companies, can be described as astronomical, but for Samsung, which is not what a lot of money. Samsung last year sold more than 90 million units of smartphones 10.5 billion allocated to every intelligent machines cost only $ 10 to succeed. "

In his opinion, Samsung is successfully hit the time difference. Patent case a dozen year or so, judgment finished, Samsung flew again appeal to compensation when payment is still unknown, but in the process, Samsung can be hard to sell the machine, as long as sell more, this compensation gold will soon be able to come back. "

Moreover, Apple's original claim amount is $ 2.5 billion and require comprehensive ban Samsung's infringing products in the United States. But final judgment ruled that Apple's favor, but the amount of compensation has shrunk nearly 60%, the embargo has not promulgated. Moreover, the case takes up to 16 months, so the original case in many models, Samsung has long been upgrading, even if the lock-up, Samsung has also limited.

Even more depressed Apple, this $ 1.05 billion, become part of Samsung's "advertising costs".

A mobile advertising company executive told reporters, "and giant PK is a top marketing tool, if successful, flew an equal footing to establish in the minds of consumers with giant market position, of course, this approach is difficulty of the operation very high. "

Jobs dividend "has done?

The iPhone5 release of Apple's official claim that 200 million mobile phones only 1 hour ordered a blank iPhone4 and iPhone4S completed this achievement rate is 22 hours and 20 hours respectively.

While Apple digital persuasive efforts to prove to the outside world that the iPhone5 outstanding but still can not stop outside iPhone5 the various Tucao of, including photographs appear purple, back cover will Diaoqi the and so on.

A large number of analysts think the iPhone came out, Apple is disruptive innovation, but revolutionary jump no, as perceived by many users, iPhone5 seems just minor repairs, look and feel and iPhone4 and not qualitatively different .

Joseph Chu Chi seems Apple is now some lonely at the top. From 90 cents to 95 points "easy progress 60 points to 90 points, to be much more difficult. Previous iPhone products, the production of one or two quarters, with the yield enhance the production costs there will be a decline of 10%, however, The iPhone5 the yield rate is not expected to enhance, which would lower the profits of the apple. "

Three quarters of timekeeping in the announcement, Apple CEO Cook admitted that the next quarter, Apple's gross margin will be reduced to about 36%, marking the lowest level in four years, and Q3 Apple's gross profit margin of up to 44%.

Is Steve Jobs left the bonus has been depleted?

The well-known IT critic Wei Wu Hui believes that as a company, it is sooner or later to be mediocre and even death, but not now. Apple as long as the underlying application well, so that more users like iPhone, there will be more application developers around the Apple ecosystem, to attract more users. This is a virtuous cycle as long as the cycle is not destroyed, Apple the good old days will not end. "

Although Samsung has overall layout of the supply chain, more than 70% of the parts can be self-sufficient, but Samsung system Google Android. In other words, Samsung profitability is dependent on hardware, Apple was able Zuoyoukaigong, integrated "Flex", according to Apple's official said, Apple last year to the share of the global developer up to $ 5,000,000,000.

Thus, while Samsung throw off the scale, but on profitability, Apple is still stronger than the Samsung. Apple earnings Q3 net profit up 24%, to $ 8.2 billion, while Samsung's net profit was $ 6,000,000,000.

Dominance of Japan's electronics industry is to strengthen rather than weaken

Dominance of Japan's electronics industry is to strengthen rather than weaken

Do not believe the rumors of others, the best actual survey, did not shake the dominance of the Japanese electronics industry. Also, I helmet is very strong drop, not afraid of tile.

The bad news of the Japanese electronics giant seems flooded with media pages, but are false. Panasonic huge loss, Panasonic is expected to reach a net loss of 756 billion yen in fiscal year 2013, about $ 9.6 billion. Know the truth Tell me a look that Panasonic is really a huge loss. Let's take a look at Panasonic's earnings, Japan 3 at the end of the financial year, that is the first half of the 2013 fiscal year in Japan as of the end of September 2012, Panasonic fiscal year 2013 cumulative sales in the first half of 3638200000000 yen, equivalent to about $ 46.2 billion, a 9% decline in fiscal 2012, operating profit, pay attention to the operating profit of 87.4 billion yen, fiscal year 2012, an increase of 83.6%. Panasonic fiscal year 2013 operating profit is expected to be 140 billion yen, an increase of 220% from the fiscal year 2012. Any Chinese household electrical appliance enterprises are unable to achieve operating profit growth of more than 50%, most of the decline. Panasonic is an increase of 220%. Panasonic Despite the revenue decline, but profits increase, and that is to improve the competitiveness of Panasonic products. The net loss for why so high? Very simple, and restructuring costs.

Many people recognize just the first half of fiscal year 2013, Panasonic TV, Panasonic TV sales of 6.79 million units, with sales of 265.4 billion yen, accounting for 7.3% of Panasonic's total revenue, the TV business from the loss of 23 billion yen in the first half of fiscal year 2012 to Panasonic profit of 36 billion yen. Even Panasonic TV in China, Taiwan is not selling, Panasonic income or profit impact is completely negligible.

Panasonic have a lot of business remarkable, such as the auto parts business, benefit big selling luxury cars in China, Panasonic's auto parts business in the first half of fiscal year 2013 revenues of 382.7 billion yen more than the fiscal year 2012 38 % operating profit increase of amazing, increased to 8.7 billion yen from 700 million yen in one fell swoop, an increase of 1144%, yes, 11 times. Panasonic industrial devices in the field in the first half of fiscal year 2013, revenue amounted to 693.6 billion yen, down 8% over the same period last year, but operating profit of 600 million yen from last year's loss to a profit of 18.5 billion yen. The battery sector performance for large customers to Apple is unusually good, the operating profit from a loss of 15.4 billion yen to 12.6 billion yen profit.

You will immediately told me that Fitch Panasonic bonds rated as junk, the problem is that economists, analysts, few people predicted the economic crisis, you ask them what are the SB (strong buy), is very simple, it before you had SB.

A Panasonic insufficient to prove, today we look at five, anyway, the stock market fall everyone is bored, see more of the articles I write. Second home debut Toshiba, Toshiba's 2013 fiscal year in the first half revenue reached 2.6859 trillion yen, down 7.8% over the same period last year, operating profit of 69 billion yen, more than 79 billion yen in the same period last year, down a lot. But you are not like net profit Well, look at Toshiba's net profit, the first half of the 2013 fiscal year to 25.2 billion yen, an increase of 24% over the same period last year. You have to think that Toshiba only for TV and a laptop, you're wrong in thermal power generation, hydroelectric power, nuclear energy, nuclear magnetic resonance, elevator field enough, Toshiba and Siemens, GE unbeatable. Toshiba 2013 power system in the first half of the fiscal year where social infrastructure division revenue of 1.1453 trillion yen, accounting for 43% of the total income of Toshiba, the operating profit of 49.7 billion yen, an increase of 106% over the same period last year. The main driving force of the social basis of division are from China, in particular, nuclear power, The Toshiba Westinghouse occupy most of the market in China.

The third debut of Sony, the 2 quarter of fiscal 2013, Sony revenue of 1.6047 trillion yen, a slight increase of 1.9% over the same period last year. But depends on the operating profit Well, the second quarter of fiscal year 2013 operating profit of 30.3 billion yen, compared with a loss of 1.6 billion yen. Sony's operating profit from the electronic components sector, 2 quarter of fiscal year 2013, the electronic components sector operating profit of 29.8 billion yen a year earlier loss of 18.4 billion yen. The biggest driving force in the electronic components sector batteries and IMAGE SENSOR image sensor, the super this because ultra-thin, unable to use a lithium-ion battery, can only use a lithium-polymer battery, Sony is the inventor of the lithium polymer battery, holds major patents, but also the world's largest manufacturers of lithium polymer batteries, almost all the super had to buy Sony batteries, even if other manufacturers, such as Samsung SDI and LG Chem, have huge royalties to Sony. Apple proud photographic quality the critical image sensor from 4S period shifted to Sony provided the previous supplier of Chinese descent OVT, has been kicked out.

The fourth stage is the Sharp, this recognized bad home enterprise. Sharp is improving, Sharp's second-largest department AV (Make no mistake, this is the abbreviation of AudioVideo Oh, you do not get too dirty!!) Communication equipment in fiscal year 2013 revenue of 338.5 billion yen in the first half, more than 581 billion in the same period last year a significant decline of the yen, but depends on operating profit Oh, one quarter of the 2013 fiscal year loss of 20.2 billion yen in operating profit, the second quarter reduced to ¥ 900 million, expected Q3 can turn a profit. The main products of the sector TV and mobile phone. Sharp's white goods business development, the first half of the 2013 fiscal year revenues of 154.9 billion yen, an increase of 4.9% over the same period last year. The operating profit of 17.3 billion yen, an increase of 12.3% compared with 15.4 billion yen in the same period last year. LCD sector is the loss the hardest hit, but also to improve in fiscal 2013 quarter operating loss of 63.4 billion yen, the second quarter narrowed to 52 billion yen.

Fifth debut NEC, the first half of fiscal year 2013 revenue of 1.4478 trillion yen, a slight increase of 0.3% over the same period last year, the increase in operating profit significantly increased to 474 billion yen from 6.8 billion yen in the same period last year yuan, an increase of 597% amazing, which is 6 times.

Some would say the 311 earthquake in Japan caused by the low base in fiscal year 2012, in fact, by the end of March until the end of the fiscal year, 311 impact is usually included in the 2011 fiscal year, rather than fiscal year 2012. The actual Japanese companies is globalization layout is very good business, in addition to NEC, the Japanese share local business revenues and profits are generally lower than 20%, the lower the proportion of the larger enterprise.