CROSS-STATE BUSINESS

UNITED STATES
PROFIT INCREASED BY 142% AMEX
NEW YORK, American co exspress (AmEx) expressed optimism on the purchasing power of its customers in the future. What more in the first quarter of 2010, this credit card issuer booked profits exceeded analysts' expectations. AmEx Net profit amounted to U.S. $ 873 million, equivalent to 73 U.S. cents per share. be increased by 142% from net income the same period in 2009 amounted to U.S. $ 361 million, equivalent to 31 U.S. cents per share. These results also exceeded the expectations of analysts surveyed by Thomson Reuters of I / B / E / S amounting to 64 cents per share per U.S. dollar.

AmEx said that spending rose to its customers for more than 16% during that period. The biggest contribution comes from the customer shopping outside the united states, which increased to 27%. At AmEx recently changed its strategy, with more focus increasing transactions using credit cards. Because the loans entered into an important revenue source for AmEx. loan interest income from credit cards increased by 37% to U.S. $ 1.775 billion during the quarter.

JAPAN
A U.S. Navy $ 1.7 billion loss
TOKYO, Japan Airlines, Japan Airlines (JAL) in the estimate will be reported consolidated operating loss of about 160 billion yen or U.S. $ 1.7 billion in the financial year ended March 2009. Leakage performance in daily express sankai, if true this is the worst performance since the action of the flight with JAL Japan Airlines System in 2002. JAL revenue dropped precipitously due to slowing Japanese economy. The same newspaper mentions subsidiary JAL, Japan Airlines International, posted a small profit possible in March 2010. The airline will still be faced with a difficult business climate. The problem in iceland volcanic eruption forced the postponement of many scheduled flights.

JAL and its two subsidiaries filed for bankruptcy protection in January last. In statements they have debts of U.S. $ 25 billion. This is the largest corporate bankruptcy in history of Japan.


SWEDEN
VOLVO PROFIT REACHED
STOCKHOLM, after more than one year at a disadvantage, the second largest truck manufacturer in the world, Volvo AB, finally get a profit for the first time. until the end of first quarter of this year the Volvo carrying obtain a net profit of 1.68 billion kronor (U.S. 233 U.S. dollars million), or 0.83 kronor per share.

One year ago in the same period, let alone expect a profit, Volvo actually suffered a loss that is not a bit in the first quarter of 2009, Volvo had a loss of 4.22 billion kronor, or 2.09 kronor per share. According to the successful management BLOOMBERG Volvo Volvo to gain advantages due to the increase in trucks and construction equipment division. Second division contributed 81% of total revenues Volvo. In the first quarter of this year, orders for trucks rose to 43,936 units from 20,183 units in the same period the previous year. Besides Volvo benefit because the reduction of thousands of employees during the economic recession.

CHINA
DELPHI CORP. MARKET targeting car parts.
BEIJING. good as the automotive market in China to invite more companies to invest into the land of the panda. One of these is Delphi corp. parts supplier companies from the United States (U.S.). According to Rodney O'Neal, Delphi's chief executive officer, told Reuters it was looking for a gap to enter the China market. For example, by way of acquisition or joint venture.

O'Neal reasoned, china market entry via acquisition can accelerate the company's revenue growth. Therefore, China's automotive market is growing rapidly today. The evidence, selling spare parts and technology in china, Delphi contributed 40% of total revenue in the year 2009.

Last year China's auto market grew 45%. This growth makes China's auto market as the world's largest automotive market. While in the first three months of 2010, automobile sales in China have increased to more than 70% compared to the same period at the beginning of last year.

O'Neal assess the automotive market in China will continue to grow more than anything else currently the automotive world is entering the era of automotive products more secure and efficient energy market in accordance with the high demand for such products. Trends are also in line with the strategy which now focuses Delphi makes parts for environmentally friendly vehicles. Such as hybrid vehicles, and other energy-efficient vehicles, and vehicle components that integrate with the Internet network. to launch these ideals, O'Neal has met with nine vehicle manufacturers in china, which 80% strength in China's automobile industry. The aim is to lobby for car-makers to increase purchases of spare parts to Delphi. Delphi itself is a company that had just emerged from catastrophy after GM and Chrysler, the car companies in the supply of live slumped and the U.S. government aid.

For four years this company survive by cutting about 80,000 employees, and it is now when we expand and grow. O'Neal firmly optimistic.