The Malaysian Insider :: Breaking Views
The Malaysian Insider :: Breaking Views |
| Peniaga ikan masin mati ditetak Posted: 28 Jan 2013 07:45 AM PST SEMPORNA, 28 Jan — Seorang lelaki berumur 52 tahun, yang bekerja sebagai peniaga ikan masin, dijumpai mati dengan kesan tetakan di tengkuk, muka dan lengan kanan di sebuah kebun kelapa sawit di Kampung Kuala Bibang, kira-kira 25 kilometer dari sini, awal pagi semalam. Ketua Polis Daerah Semporna DSP Mohd Firdaus Francis Abdullah berkata mangsa, yang dikenali sebagai Mansor Sideh, dijumpai di bahagian tempat duduk pemandu sebuah kereta oleh seorang pekebun kelapa sawit yang kemudian memaklumkan polis pada kira-kira 1 pagi. Beliau berkata tiada dompet, dokumen dan senjata ditemui pada mangsa yang berasal dari Taman Megah Jaya, Tawau. Bagaimanapun, Mohd Firdaus berkata berdasarkan semakan nombor pendaftaran kereta, polis berjaya menghubungi isteri mangsa yang kemudian mengesahkan si mati ialah Mansor, iaitu suaminya, ketika membuat pengecaman di Hospital Semporna. Tidak ada sebarang tangkapan dibuat dan orang ramai yang mempunyai maklumat berkaitan kes ini diminta menghubungi ASP Zairolnizal Ishak di talian 08-9781222. — Bernama |
| Caterpillar pessimistic on any demand increase for 2013 Posted: 28 Jan 2013 07:44 AM PST  A bulldozer sits on a railcar outside the Caterpillar plant in Peoria, Illinois in this file photo of January 26, 2009. Caterpillar's bulldozers, tractors and other machines have been accumulating in warehouses due to slowing economies in China, Europe and the United States. – Reuters pic Caterpillar's bulldozers, tractors and other machines have been accumulating in warehouses due to slowing economies in China, Europe and the United States. The company said it was able to sell off some of this glut in the fourth quarter, reducing the value of its inventory from the third quarter by US$2 billion (RM). Inventory levels, however, remain US$1 billion above year-ago levels, and executives expect 2013 to be a "tough year." Adding to the company's troubles, quarterly results were hit by a charge of 87 cents per share after the company discovered accounting fraud at a Chinese coal mining supplier it bought last year. In a somber note on the global economy, Caterpillar said the "most significant favourable factor" for 2013 profit will be the absence of the ERA accounting fraud writedown, not increased demand for its machines. "We're encouraged by recent improvements in economic indicators, but remain cautious," Caterpillar Chief Executive Doug Oberhelman said in a statement today. For the fourth quarter, the company posted net income of US$697 million, or US$1.04 per share, compared with US$1.55 billion, or US$2.32 per share, in the year-ago quarter. Excluding one-time items, the company earned US$1.46 per share. By that measure, analysts expected earnings of US$1.69 per share, according to Thomson Reuters I/B/E/S. Wall Street, however, appeared to look past the China accounting fraud mess, sending Caterpillar's shares up 2.1 per cent to US$97.62 in morning trading. Revenue fell seven per cent to US$16.08 billion. Analysts expected revenue of US$16.12 billion, according to Thomson Reuters I/B/E/S. Caterpillar expects to earn US$7 to US$9 per share in 2013, below the US$9.12 per share analysts expect. CHINA FRAUD Caterpillar closed the purchase of ERA Mining Machinery Ltd and its subsidiary Siwei, China's fourth-largest maker of hydraulic coal mine roof supports, last June, paying US$653.4 million. After the deal closed, Caterpillar found that physical inventory did not match accounting statements, a discovery that led to the charge. The case has opened questions about Caterpillar's research into ERA before the deal, as well as the adequacy of its auditors. Caterpillar does not expect the fraud to harm its 2013 profit, but it will hinder the company's expansion into China, the world's largest coal producer. Emory Williams, the chairman of ERA when the Caterpillar deal closed, ended days of silence today, saying in a statement he was "dismayed" by the accounting charge Caterpillar was taking. Williams said nothing about the accusation of accounting misconduct in his statement. Citigroup Inc and law firm Freshfields Bruckhaus Deringer LLP served as financial and legal advisers to Caterpillar on the transaction. Blackstone and DLA Piper acted as ERA's financial and legal advisers. A source directly involved with the Caterpillar deal previously told Reuters that RSM Nelson Wheeler was ERA's auditor, while Deloitte and Ernst & Young acted on Caterpillar's side. None of the auditors has commented. – Reuters |
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