Business News

“Samsung” seeking to occupy the top of the home appliances market in the world

News reports that Samsung Electronics, South Korea’s largest producer of memory chips and smartphones and televisions flat screen in the world, seeks to occupy the top of the list companies home appliance industry in the global market by 2015 by offering a range of products of value and medium value.

The agency quoted South Korea’s Yonhap news for Lyon Bonn keun, head of the household appliances at Samsung as saying during a news conference that the company plans to boost production line devices value of air conditioners and refrigerators and laundries as well as provide more lower-priced products. He added that the company is seeking to increase the household appliances sector revenues to between 18 and 20 billion dollars annually by 2015.

The statements come at a time consideration to the home appliance industry in the Samsung Electronics empire as the weakest sector compared to sectors memory chips, mobile phones and flat TV.

It was the home appliance industry in Samsung Electronics has achieved an operating profit during the fourth quarter of last year of $ 740 billion won, representing less than 10% of the total operating profit of Samsung Electronics during the same period, which amounted to 84.8 trillion won.

French  and German Economies during the 2012 final quarter

The economy contracted in Germany and France over the last three months of 2012, according to the latest official figures.

Germany has seen – with the largest economy in the euro zone – GDP deflator rose 0.6 percent drop in exports.

This is the biggest contraction passing by Germany since the first three months of 2009, and the maximum reached by the financial crisis.

The French economy shrank by 0.3 in the fourth quarter of 2012.

These percentages is worse than expected.

Some analysts have predicted to enter France recession, usually occurs after the country Barbaan consecutive quarters of contraction.

And tries to French President Francois Hollande make his country more competitive by reducing government expenditures, and lack of stringent rules governing the employment.

“Promising outlook”

The German economy has witnessed a slowdown in growth in the last year due to lower volume of exports due to the debt crisis that is still plaguing the euro zone.

And calculates the recent downturn, the German economy grew by only 0.7 percent in 2012, compared with 3.0 percent in the previous year.

However, economists are optimistic for the outlook in Germany.

Andreas Rees Says, chief economist at UniCredit Bank “This is a temporary weakness in the German economy, and not the beginning of a long period of stagnation or recession.”

He added that the “outlook is very promising. Opportunities return of economic growth at the beginning of this year is very good.”

This optimism is supported by the latest statistics. A study dealt with the level of trust in business in Germany during the month of January reached its highest level before the start of the euro zone crisis.

He also pointed Index purchases in the euro area during the month of January to the possibility of the end of the worst period.

The figures showed in Germany, Spain and Italy signs of stabilization, albeit deterioration in France has increased.

Company of American Airlines and U.S. Airlines plan to integrate

Intends companies “American Airlines” and “USB Airlines” merger to form the largest airline in the world, according to the media.

The sources said the two companies met Wednesday for the approval of the merger.

It is believed that the official announcement about the merger will be Thursday.

The merger will become the value of American Airlines approach to Delta Air Lines, which will reach the value of American Airlines to about $ 11 billion.

Reports say the lion’s share of the new company سيمتلكها Supervisors creditors of the bankruptcy of American Airlines, which will own 72 percent of the company.

The parent company of American Airlines went bankrupt about a year ago.

The new company will operate under the name American Airlines, but is expected to be its chief executive Doug Parker current CEO Leo S. Airways.

And must be approved by the Najaf on competition and the U.S. Bankruptcy Court on the deal before completion

After that, it may take years without noticing any change travelers.