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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Keegan launches football training systems

Category : Business, World News

Football legend Kevin Keegan launches interactive football training systems to help improve soccer skills, particularly among youngsters.

Continue reading here: Keegan launches football training systems

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Manchester United sell naming rights to training ground for £150m

Category : Business

• Club secure eight-year agreement with Aon
• United ‘will never sell naming rights to Old Trafford’

Manchester United have sold the naming rights to their training ground as part of a sponsorship deal with the insurance firm Aon, the club’s current shirt sponsors, estimated to be worth $230m (£150m).

The eight-year agreement with Aon starts in July – from when Carrington will be known as the “Aon Training Complex” – and is a further sign of the club’s off-field money-making abilities.

However, United have said that they will never sell the naming rights to Old Trafford. “Old Trafford will not be sold,” United’s executive vice-chairman, Ed Woodward, said on Sunday.

Aon’s name currently appears on United’s main match kit in a $130m, four-year deal but General Motors’ Chevrolet division takes over that sponsorship in a $559m, seven-year deal from the 2014-15 season.

Financial details of the new Aon deal were not publicly disclosed but it is estimated to be worth $230m over eight years and will also see the company provide United with business expertise.

United bought out their previous training kit sponsorship deal with the express delivery and freight firm DHL early in a bid to secure more cash, with that agreement having been worth around $65m over four years.

China Education Alliance, Inc. (CEAI: OTCQX U.S.) | China Education Alliance Announces Fourth Quarter and Full Year 2012 Financial Results

Category : World News

HARBIN, China, April 2,
2013
/PRNewswire/ — China Education Alliance, Inc. (“China Education
Alliance” or the “Company”, OTCQX: CEAI), a China-based education resource and services company
today announced its fourth quarter and full year 2012 results. The Company will
host a conference call on Tuesday, April 2, 2013, at
8 a.m. EDT (8 p.m. Beijing time on the same day).

Financial Highlights for the Fourth Quarter ended December 31, 2012

  • Total revenues were $1.8 million.
  • Gross loss was $0.4 million.
  • Operating loss was $4.0 million
  • Net loss was $3.4 million.
  • EPS was $(0.32) per fully diluted
    share.

Financial Highlights for Full Year 2012

  • Total revenue was $11.7 million compared to
    $34.8 million in 2011.
  • Gross profit was $1.6 million compared to $24.1 million in 2011.
  • Operating loss was $14.4 million compared to
    operating income of $5.0 million in 2011.
  • Net loss was $14.1 million compared to $6.1 million in 2011.
  • Loss per share was $1.33 per fully diluted share
    compared to earnings per share of $0.58 in 2011.

“Our business continued to face significant challenges in 2012 due to the
continuing economic uncertainty lingering over China‘s economy and more intense competition in the
domestic education business which directly impacted our financial results”
commented Mr. Xiqun Yu, Chairman and Chief
Executive Officer of China Education Alliance. “While we are disappointed with
the results, we are optimistic about our future as we continue to work
diligently to build a new model for our online business and expanding our
training center network.”

“The new online platform we have been developing for some time and which, in
effect, is an online mall for education content is in its final testing stage. A
number of schools have contributed content to the trial runs and I am satisfied
with the progress accomplished so far. Once officially launched, sometime this
year, the new platform will act as a digital marketplace for a wide array of
proprietary educational products developed by China Education Alliance in
addition to content from third party developers and educational institutions. As
the growth and adoption of e-commerce platforms in China continue to surge, we are confident that this new
business model will significantly enhance user experience, substantially improve
educational options for a wide population of students, and give us a definite
competitive advantage.”

Mr. Yu concluded, “While this investment will take time to fully yield
results, we are excited about the future opportunities and growth potential of
our new approach to online education and are generally positive about our
business prospects for the future.”

Fiscal Year 2012 Review:

Revenue decreased by $23.0 million, or 66% to
$11.7 million for the full year 2012 from $34.8 million in 2011. The decline in revenue for the year
ended December 31, 2012 was a result of decline in
revenue across all of our business. We believe revenue was affected by external
factors including slowdown in economic growth within the PRC, untruthful
allegations about our businesses, and increased competition. These factors
contributed to the continuous decline in interest of existing and new students,
which resulted in decrease in student enrollments and led to a decline in
revenue as compared to the year ended December 31,
2011
. We expect to improve the performance of our online education
division in the future by providing students with more competitive, up-to-date
study materials and easy access. We have contracted technology companies to
design a new web-based platform providing video based long-distance teaching
services which encompass online community system and online teaching management
system. Additionally, we are seeking to establish more onsite training centers
and optimize the operation of existing training centers. As such, we predict
that our revenue will gradually recover after we launch the new web-based
platform and set up more training centers.

Revenue from the on-line education division decreased by $15.3 million, or 77%, to $4.5
million
in 2012 from $19.8 million in 2011.

Revenue from the training center division decreased by $7.8 million, or 52%, to $7.2
million
in 2012 from $15.0 million in 2011.

Total cost of revenue decreased by $0.6 million,
or 5%, to $10.1 million in 2012 from $10.7 million in 2011.

Cost of revenue for the online education division increased by $0.3 million, or 4% in 2012 to $7.2
million
compared with $6.9 million in 2011.
This increase was mainly attributable to the purchase of new examination papers,
tutorial materials, new servers and computers. In order to keep the online
education material up-to-date and competitive, the Company must constantly
purchase new study materials. Gross profit margin for the online education
division decreased to negative 59% of revenue in 2012 from 65% of revenue in
2011 due to the decrease in revenue and increase in cost of revenue.

Cost of revenue for the training center division decreased by $0.9 million, or 23% to $2.9
million
in 2012 from $3.8 million in 2011.
The decrease in cost of revenue for the training center division was primarily
due to the decrease in revenue. However, cost of revenue did not decrease in
proportion to the decrease in revenue as a result of increase in salaries. In
order to improve the performance of the training center division, the Company
offered higher salaries to retain reputable teachers. Increases in salary for
non-faculty staff also contributed to the increase in salaries paid. Gross
profit margin for the training center division decreased to 60% of revenue from
75% in 2011 as a result of the decrease in revenue and increase in salary for
both reputable teachers and non-faculty staff.

Gross profit for the full year 2012 was $1.6
million
compared to $24.1 million in
2011.

Selling expenses decreased by $4.9 million, or
46%, to $5.8 million in 2012 from $10.7 million in 2011. Selling expenses were 50% of total
revenue in 2012 compared with 31% in 2011. The decrease in selling expenses was
mainly due to the decrease in revenue. The Company’s sales commissions decreased
dramatically as a result of significant drop in revenue. However, advertising
expenses increased by $2.1 million, or 326% due to
increased promotional activities.

Administrative expenses increased by $1.4
million
, or 26% to $6.9 million in 2012 from
$5.5 million in 2011. The increase in
administrative expenses was primarily due to the increase in research and
development expenses relating to the development of the web based platform.
Total administrative expenses were 59% of total revenue.

Interest income remained flat at $1.9 million for
both full year 2011 and 2012.

Provision for income tax was nil and deferred tax expenses were $0.3 million for the fiscal year ended December 31, 2012, as compared to the deferred tax
benefits of $0.1 million for the fiscal year ended
December 31, 2011.

Net loss for the year of 2012 was $14.1 million
compared to net income of $6.1 million in 2011.
Basic and diluted loss per share was $1.33 in 2012
compared to earnings per share of $0.58 in 2011. The
decrease in earnings per share was mainly due to the decrease in net income. The
basic weighted average shares outstanding and diluted weighted average shares
outstanding were 10,582,530 in 2012, and 10,572,388 and 10,577,966, respectively
in 2011.

Financial Position

At December 31, 2012, the Company had cash and
cash equivalents of $64.2 million. The Company
generated net cash provided by operating activities of $8.3
million
.

At December 31, 2012, the Company had no
long-term debt.

Conference Call

China Education Alliance will host a conference call and live webcast at
8 a.m. Eastern Daylight Time (EDT) on April 2, 2013 (8 p.m. in Harbin/Beijing on the
same day).

The dial-in details for the live conference call are as follows:

- Participant Dial In (Toll Free USA):
1-866-519-4004
- International Dial In: +65-6723-9381
- China Toll Free:
8008-190-121
- Hong Kong Toll Free: 8009-30346
Conference Password:
CEU

A live webcast of the conference call will be available in the investor
relations section of the Company’s website at: http://www.chinaeducationalliance.com/index.jsp

A telephone replay of the call will be available 1 hour after the end of the
conference for seven days.

The dial-in details for the replay are as follows:

- US Toll Free: +1-855-452-5696
- International Toll:
+61-2-8199-0299
Passcode Number: 31478528

About China Education Alliance, Inc.

China Education Alliance, Inc. (http://www.chinaeducationalliance.com) is a leading
educational services company offering high-quality instructors and online
education materials for students between the ages of 6 to 18 and adults
(university students and professionals) aged 18 and over. Divided into two
segments, students and graduate professionals, our business model delivers the
skills and knowledge necessary to excel in a rapidly growing and highly
competitive China. The Company provides students
in the first segment with online education materials sourced from top tier
schools and famous instructors for download, as well as online training and
tutoring services. With teaching centers located across China, the Company also offers hands on training and
tutoring to aid Chinese students pass the two most important tests they will
face in their educational careers: the senior high school entrance and college
entrance exams. In the second segment for graduates and professionals, China
Education Alliance provides vocational training courses in subjects including
IT, administration, multimedia, as well as several professional training
programs.

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: Certain statements in this press release, constitute forward-looking
statements for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. These statements include, without
limitation, statements regarding our ability to prepare the company for growth,
the Company’s planned expansion in 2009 and predictions and guidance relating to
the Company’s future financial performance. We have based these forward-looking
statements largely on our current expectations and projections about future
events and financial trends that we believe may affect our financial condition,
results of operations, business strategy and financial needs and are not a
guarantee of future performance but they involve risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements, which may include, but are not limited to, such
factors as unanticipated changes in product demand especially in the education
industry, pricing and demand trends for the Company’s products, changes to
government regulations, risk associated with operation of the Company’s new
facilities, risk associated with large scale implementation of the company’s
business plan, the ability to attract new customers, ability to increase its
product’s applications, cost of raw materials, downturns in the Chinese economy,
and other information detailed from time to time in the Company’s filings and
future filings with the United States Securities and Exchange Commission.
Investors are urged to consider these factors carefully in evaluating the
forward-looking statements herein and are cautioned not to place undue reliance
on such forward-looking statements, which are qualified in their entirety by
this cautionary statement. The forward-looking statements made herein speak only
as of the date of this press release, readers are cautioned not to place undue
reliance on any of them and the Company undertakes no duty to update any
forward-looking statement to conform the statement to actual results or changes
in the company’s expectations.

For more information, please contact:

China Education Alliance, Inc.
Ms. Cloris Li

Chief Financial Officer
Email: cloris@edu-chn.com

Christensen
Mr. Christian
Arnell

Telephone: +86 10 5826 4939
Email: carnell@christensenir.com

Originally posted here: China Education Alliance, Inc. (CEAI: OTCQX U.S.) | China Education Alliance Announces Fourth Quarter and Full Year 2012 Financial Results

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Your Top Forex Questions for March, Answered by FXPRIMUS’ Mario Sant Singh

Category : Stocks, World News

FXPRIMUS Director of Training & Education looks at precious metals and the Cyprus banking crisis, major currencies and Forex trading strategies, going into April

More: Your Top Forex Questions for March, Answered by FXPRIMUS’ Mario Sant Singh

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Harper Government Strengthens Training for Mining Sector in British Columbia

Category : World News

CRANBROOK, BRITISH COLUMBIA–(Marketwire – March 9, 2013) - Training for jobs in the mining sector will be easier, thanks to federal funding announced today by the Honourable Lynne Yelich, Minister of State for Western Economic Diversification.

Read more: Harper Government Strengthens Training for Mining Sector in British Columbia

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BT creates 1,000 fibre-broadband installation jobs

Category : Business

New intake follows addition of 1,500 engineers in past year and will include 400 apprenticeships for training scheme

BT is to create more than 1,000 engineering jobs to install household fibre broadband connections.

Of the new recruits, 400 will be apprentices on a training scheme that lasts two and a half years, and BT is hoping a further 200 jobs will go to those retiring from the armed forces.

Demand for faster internet speeds has been picking up as construction of the UK’s fibre network gathers pace. In rural areas, the build-out is being funded by the government’s Broadband Delivery UK (BDUK) project, for which BT has so far won all the contracts.

BT has already hired 1,500 engineers in the past year, and after the new recruitment wave, it will have 6,000 people working on its fibre build.

Its apprentice scheme has been oversubscribed at a rate of 40 applicants for every place, with 18,500 vying for the 460 trainee engineer posts filled to date.

The new intake will spend a year working for BT’s Openreach business, installing lines in homes, before going on to learn the full range of engineering tasks. Apprentices will also complete maths, English and technology courses, and will receive diplomas.

David Cameron welcomed the new jobs. The prime minister said that creating a faster broadband network was “vital for driving investment and equipping the UK to compete and thrive in the global

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Major Watts Sentenced Following Court Martial

Category : Stocks

OTTAWA, ONTARIO–(Marketwire – Feb. 20, 2013) - Commander Peter Lamont, Military Judge, has sentenced Major Darryl Watts to a reduction in rank to Lieutenant and a severe reprimand, in relation to a training incident that occurred on a weapons range in Afghanistan, in February 2010.

Read the rest here: Major Watts Sentenced Following Court Martial

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Mid Staffs NHS scandal shows compassion is the quality that should inform all healthcare | Yvonne Roberts

Category : Business

Senior managers’ reluctance to take the blame for the deaths at Stafford hospital indicates a sickness in the system

Patients die in abject misery in Stafford hospital; another five trusts are under investigation. The Care Quality Commission warns that thousands of psychiatric patients are also receiving substandard care. Meanwhile, the Francis inquiry offers 290 recommendations that spin a thick, impenetrable managerial cocoon around an abstract notion that the culture was culpable but another culture will somehow be the cure. Since this new culture is to be built on the jelly-like foundation that nobody can be held to account, something is missing.

It is missing in the health and social care system and it manifests itself in the actions of many of the professionals, personified in the shameful refusal to resign of Sir David Nicholson, NHS chief executive, who was at the time the head of a body responsible for standards at Stafford hospital. What’s missing is an understanding of how human beings behave. What really makes the milk of human kindness flow?

Over several years, a number of inquiries have been conducted into medical training and “modernising medical careers”. One report, “Aspiring to Excellence”, quotes Sir William Osler, the father of modern medicine, who defined the medical role as “to prevent disease, to relieve suffering and to heal the sick”. What that leaves out is how human beings tick above and beyond their symptoms and, sometimes, because of them. That may come with experience, but a solid and sustained grounding during training would help.

It would also help the way managers and care staff work with each other. Why, for instance, has the desperately needed integration of health and social care proved so difficult to deliver? Is it again a question of “culture”? Or, more specifically, the unwillingness of consultants et al to become team players? Ask district nurses why they can’t deliver good preventative care in the community. Answer? Because some GPs say that’s trespassing on “their” territory, and they prefer to leave a vacant lot. Under the Labour government, “nudging”, the science of suggesting, rather than imposing, behaviour, became the vogue. Show a person the word “wrinkles” and he or she walks more slowly. The government’s behavioural insights team is still at work. A letter to individuals informing them that most people in their area had paid their tax, for instance, increased repayment by 15%. “Behavioural insights could save millions of pounds”, was the Cabinet Office’s proud headline. In early training in health and social care, it could also save lives.

The qualities required in care are well understood. “Compassion in Practice”, published in December, for example, refers to the six “cs” – care, compassion, competence, communication, courage and commitment. What’s absent is practice and a perception of what happens when you mix lists with human nature. For the most part, training for health professionals gives cursory attention to ethics, psychology and simulated patient exercises, while managerial bonding adventures are not enough to remind us that behind the targets behaviour, sometimes aberrant, also requires accounting.

Cut frontline staff and collaboration splinters. My father had a dedicated consultant during years with dementia. Much of her work was reduced to tick box online diagnosis; remote control management. It may be the prevailing culture, but that’s not how you bring out the best in people. Or for people.

Thirteen Players on USA Hockey’s World Junior Team are Hockey IntelliGym Graduates

Category : Stocks

Cognitive training tool, originally developed from technology used to train air force pilots, helps hone hockey sense

Read the original here: Thirteen Players on USA Hockey’s World Junior Team are Hockey IntelliGym Graduates

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Your Top Forex Questions for December, Answered by FXPRIMUS’ Mario Sant Singh

Category : World News

FXPRIMUS Director of Education & Training looks at major currencies, trading risks and returns as 2012 ends

Read the original: Your Top Forex Questions for December, Answered by FXPRIMUS’ Mario Sant Singh

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