South Korea’s SamsungElectronics said on Friday it was considering adding Apple’s new iPhone 5 to a patent infringement case as part of a long-running global legal battle between the rival smartphone giants. Samsung officials said the company would look into amending itsside of an ongoing patent lawsuit in a US court to include the latest Apple gadget, which went on sale across Asia on Friday and is due to hit US stores later in the day. “Our company considers adding Apple’s iPhone 5 to the(patent infringement) case... but we cannot say when,” a Samsung spokesman told AFP. “Our decision will be made after our company has analysedthe iPhone 5 to see what aspects of its device constitutes patent infringement.” South Korea’s Yonhap News agency quoted market watchers as saying Samsung may use its long-term evolution (LTE) patent portfolio to attack the iPhone 5 — the first Apple phone to use the fourth-generation telecom network. Samsung and Apple —respectively the world’snumber one and two smartphone makers — have been at loggerheads over dozens of patent lawsuits in 10 nations, accusing each other ofcopying technologies and designs. Limit competition Last month, a California court ordered Samsung to pay $1.05 billion for patent infringement. The South Korean firmhas appealed the decision

South Korea’s SamsungElectronics said on Friday it was considering adding Apple’s new iPhone 5 to a patent infringement case as part of a long-running global legal battle between the rival smartphone giants. Samsung officials said the company would look into amending itsside of an ongoing patent lawsuit in a US court to include the latest Apple gadget, which went on sale across Asia on Friday and is due to hit US stores later in the day. “Our company considers adding Apple’s iPhone 5 to the(patent infringement) case... but we cannot say when,” a Samsung spokesman told AFP. “Our decision will be made after our company has analysedthe iPhone 5 to see what aspects of its device constitutes patent infringement.” South Korea’s Yonhap News agency quoted market watchers as saying Samsung may use its long-term evolution (LTE) patent portfolio to attack the iPhone 5 — the first Apple phone to use the fourth-generation telecom network. Samsung and Apple —respectively the world’snumber one and two smartphone makers — have been at loggerheads over dozens of patent lawsuits in 10 nations, accusing each other ofcopying technologies and designs. Limit competition Last month, a California court ordered Samsung to pay $1.05 billion for patent infringement. The South Korean firmhas appealed the decision

World biggest gold mines

Chinese and Venezuelan officials have signed an agreement to jointly develop one of the world's biggest gold mines. The agreement to develop Las Cristinas gold mine was signed by officials of the Venezuelan government and the Chinese company China International Trust and Investment Corp, or Citic. The mine in southern Bolivar state has been estimated to hold about 17 million ounces of gold. Venezuelan President Hugo Chavez called it an agreement to begin exploiting both gold and copper deposits at the mine. He called Las Cristinas 'one of the biggest reservoirs of gold that exists - not only in Venezuela, not only inLatin America, but in the world'. Officials didn't discuss financial details of theagreement but said it specifies engineering, construction and processing of the goldand copper. Chavez said officials also signed an agreement to produce a map of mineral deposits in theSouth American country. He announced the deals after a meeting with Chinese officials at the presidential palace. Chavez said they also agreed to deepen cooperation inVenezuela's oil industry. China's ties with Venezuela have grownrapidly in recent years.China also has become the country's biggest creditor, offering Chavez's government more than $36 billion in loans, which are beingpaid off largely with increasing oil shipments. Last year, Toronto-based Crystallex International Corp said it sought international arbitration after Venezuela rescinded its contract to developLas Cristinas mine.

macro finance

Today macro finance banks are realy beforming well

UNCLAIMED FINANCIAL ASSETS LAW(UFAL) 2011... In december of 2011 Kenya president Mwai Kibaki passed into the law the bill of unclaimed financial bill of 2011 . The law provides a legal framework for dealing with unclaimed financial assets. Did somebody in your family passed away but you did know that she/he had invested in stocks of certain company, you will have a chance to claim it through unclaimed financial assets authority. It believed that there are more than 200 billion of unclaimed assets held by banks and pension and insurance firms. The fund accumulated will be used by government until its reguired by the owners or the next of kin. This assets include money orders, cheques, drafts, demand and savings also include endowment insurance policies or annuties ownership of shares, stocks, or interest in a business assets also uncollected pension funds held by national security insurance funds. Although to date the minister for finance has no appointed those to sit in authority six months after the bill was passed. kenyans should be educated on the proçess they have to follow to shorten the inguiry of the late assets

LONGHORN PUBLISHER LISTED BY INTRODUCTION: Longhorn publishers shares started trading today at Nairobi Securities Exchange, with an introduction as mode they choose to trade their shares. many companies have opted to trade there shares in introduction manner rather than IPO way. The introduction price was kenya shilling 14 but price rose to Ks20. Longhorn will be the first publishing company in kenya to be listed at securities market. Longhorn made a profit of ks136.3m an revenues of ks1.1billion for the year ended 21 2011. The company specialises on primary school text books which contributes upto 60% of its revenues. Introduction gives the existing shareholders chance to sell their shares. A company will not introduce new shares hence it cheap to trade by introduction not initial public offer.

Official Google Blog: Supporting Innovation in African News

Official Google Blog: Supporting Innovation in African News

EUROZONE CRISIS MELTS ITS LEADERS. Nicolas sarkozy joined growing number of world leaders that been forced out of office because of euro crisis, they blame their leader for doing little to evert the economic crisis.on sunday france voted out sarkozy who was intrumental in euro. In greece the socialist pasok party saw an unexpectedly poor result while syriza which has opposed austrerity measures, had a strong performance.the result has cast doubt on whether the country`s policies that currently include spending cuts, tax increases and state job losses can continue. Infact many greeks are getting frastrated and want there leaders to pull out of euro zone. In italy there prime minister resign after its economy show no sign of improvement. Portugal, spain, and holland its has been downgraded several times. The big question now among must euro citizen is that was it wise in the first place.

MODE OF PAYING DIVIDENDS BY FIRMS 1.CASH AND BONUS ISSUE .firm pays cash dividends when they have adequate liquid funds.shareholders are given cash based on their shareholding percentage.Bonus issue involves issue of additional share for free instead of receiving cash to excisting shareholders in there shareholding proportion. 2.STOCK REPURCHASE. Company buys back some of its outstanding shares instead of paying cash dividends.if some outstanding shares were repurchased, fewer shares would remain outstanding. This would result in increase in market price per share. So that capital gains are substituted for dividends 3.STOCKS SPLIT AND REVERSE SPLIT. This is where a block of shares is broken down into smaller units so that the number of ordinary shares increases and their respective par value decreases at the stock split factor. Stock split is meant to make the shares of the company more affordable by low-income investors and increase their liquidity in the market