Stocks finished th June in fine fashion

  NEW YORK (TheStreet) - U.S. stocks staged a rally Friday as investors applauded the huge advances in the last EU summit on concrete measures that reached to resolve the debt crisis in the region.

Hearing was unstable in a band of asset classes with gold jumped above $ 50 to $ 1,600 break per ounce, oil is a compelling pauses again above 80 dollars a barrel, strong sales of bonds and the dollar tumbling more than 1% compared to a basket of foreign currencies.

The Dow Jones industrial average rose nearly 278 points or 2.2% to close to 12 880. The blue chip index rose by 1.9% for the week ended June with a gain of nearly 4%. Despite a 2.5% decline in the second quarter, the Dow is now up 5.4% so far in 2012.

The S & P 500 rose 33 points or 2.5% in 1362 to terminate the right to its high for the day. The benchmark index rose by 2% for the week, putting up 4% for the month. Although the S & P 500 fell by 3.3% during the quarter, it will be appreciated by 8.3% since the beginning.

The Nasdaq rose 86 points or almost 3% to $ 2,935, logging its fourth straight weekly gain. The index booked a rise of 1.5% for the week and added 3.8% in June for the year, the Nasdaq has lost 12.7%, but 5% in the second quarter.

The three major averages managed to capture their first simultaneous gains in June since 2004. The Dow Jones closed 29 of the 30 components higher, led by Bank of America (BAC_), Boeing (BA_), Cisco (CSCO_), General Electric (GE_), Hewlett-Packard (HPQ_), Intel (INTC_), and United Technologies (UTX_), which won all of them more than 3%.

JPMorgan Chase (JPM_) was the only blue chip to close in negative territory. The bank's shares fell was nominally extending lower Thursday after a media report said losses in its credit derivatives reached a bad deal 9000000000 $.

All ten large-cap sectors advanced with the basic materials, capital goods, conglomerates, energy and synchronization technology in the strongest sectors of the show.

Gainers exceeded losers in a ratio of more than 6-in-1 on the NYSE and by more than 5 to 1 on Nasdaq.

The EU leaders agreed in the night to take action to reduce borrowing costs and Italy Spain and relax the rules for eavesdropping in emergency funds to stimulate the ailing banking system in Spanish. They also had a $ 149 billion plan for economic growth in the euro zone.

"Several things happened that should not simply refuse to be," said Dan Greenhaus, Chief Global Strategist at BTIG. But "as we have long said that the only" real ", where at the end of this crisis, certainly implies a EUR TARP (Troubled Asset Relief Program) program of style, we are again a little disappointed."

"The crucial question," said Marty Leclerc, chief investment officer at Advisors courtyard of the barracks, is that "The Europeans have not yet decided which ultimately means that living in Euro-land, and in this country as a union of € exist, policy makers need to find a way to imbalances that creates a union to be done. "

Jeffrey Sica, director of SICA Wealth Management said, this time, it maintains short positions in most U.S. stock indexes over concerns of dwindling stocks due to the interdependence between U.S. and European banks. However, "we will avoid the increased short positions in the U.S. stock market because of the likelihood that our central bank will use the promise of greater liquidity to stabilize share prices."

Simon Group Wins Gold Hermes Award for Ingersoll Rand product launch worldwide

  The Simon Group Inc., an award-winning, full service business-to-business marketing communications agency specializing in high technology and financial industry, won a 2012 Gold Hermes recently Creative. The agency won for "It's in the Air" campaign designed to the client, Ingersoll Rand, the support of the R-Series product launch rotary compressors.

Prices Hermes Creative Awards is an international of the Association of Marketing and Communication Professionals (GCAP) for creative professionals in designing, editing and design of traditional and new media involved.

"A lot of time and effort in the creative side of a product launch, from initial concept and slogan and graphics at any point," said Mark Matyas, a senior art director at Simon Group. "C is a great honor to win this recognition from others, very successful creative campaigns."

Included in the presentation were: "It is in the air", ads, posters, folders, product information in three different languages, the explosion of electronic mail, a product brochure, window stickers, vinyl banners, site web, a slogan , a QR code and custom branded flash drives. The launch was designed to integrate internal and external communications.

Judges, senior creative professionals from GCAP selected, evaluated more than 4,700 entries on the basis of each input apparent creative achievement. The winners will be selected on the basis of a consensus system, and the judge judges agreed on a score of 100 points.

The competition consists of 179 categories in advertising, publications, marketing / branding, integrated marketing, public relations and communications, electronic media and pro bono groups. Entries that have received the Gold Award were selected in order to meet the high standards of the industry standard.

Founded in 1997, the award was developed Hermes, the role of careers in marketing and communications as effectively represented messengers and creators of materials and programs.

Founded in 1986, the Simon Group Inc. specializes in marketing high technology and industrial customers, particularly in electronics, instrumentation, military / aerospace, construction and test and measurement technology. Based in a restored farmhouse from the 18th Century fields in Sellersville (Bucks County), Pennsylvania, has the agency customers around the world.

Armani is expanding and more men from Milan Spring 2013 Gucci, Alexander McQueen and Fendi

  Shows in the Spring 2013 men were wrapped in Milan. Here is a look at some of the most memorable collections. Check out our first installment here.

Giorgio Armani: It was a relaxed, casual look that prevailed at the show this season, Giorgio Armani. But unlike many performances to date men who had casually in a sports-management, there was nothing remotely track and to clean, straight cuts, each of them was perfect on all the bodies of the models.

Alexander McQueen: It was Gustav Klimt met Hugh Hefner at the show this season, Alexander McQueen, printed with the suits and monochrome, and a variety of features including shiny metal separates.

Gucci: Sure, there were some looks debonair in black and white, but turned Gucci collection this season is all about color. Green, yellow, pink, orange, and made their way in droves, and with an impeccable tailoring, whether it is appropriate to a sharp suit or a sweater to work, all eyes.

Fendi: prints this season, Silvia Fendi with textured fabrics (think crocodile and eel skin), blended for a sleek, avant-garde collection.

Bill to regulate medical-pot made in California for now

  Industry SAN FRANCISCO California medical marijuana and critics argue that it will be a front for illegal drug traffic must wait at least a year for the state, a system of licensing and regulation to establish pot shops and producers.

Assemblyman Tom Ammiano on Monday fired his bill that would have appointed a board to oversee the activities of the veterinary and medical marijuana have created. The delay allows a Senate committee that deals with professional licenses to operate, research and a public hearing on this issue, while preventing the measure from death.

AB2312 has passed just prior to the meeting last month, but Ammiano said it was unlikely that the Standing Senate Committee on Business, Professions and Economic Development, or whether the Governor Jerry Brown signed the bill would have if they do it from the legislature.

Instead, he agreed and the committee chairman Senator Curren Price, D-Los Angrles, senators to give time to evaluate and possibly amend the proposed Ammiano once during the legislative period ends. The San Francisco Democrat, said he hoped for a revised version of the bill next year.

"I want the voices and I want to be signed by the Governor of this thing," he said. "There are still some success in. We wrapped up and best of all: The Commission itself is now a partner with me, they will help these pastors."

The measure was modeled Ammiano put on hold after a ballot in favor of the initiative that medical marijuana conceived last winter, after the four magistrates of the federal government with headquarters in California, a co-ordinated action against the dispensaries and producers were launched mostly sold in huge profits pot to people who do not hold ill.

Ammiano and others, including State Attorney General Kamala Harris had argued that the industry of the state medical marijuana, which works with virtually any control, a less tempting target would be, if California were able to show that they did their part in this pot Stores that are no hard pressed to meet with the liberal state laws on medical marijuana to eliminate.

The proposed framework would Ammiano clinics marijuana growers, delivery services and manufacturers of products in glass jars have been required to register with the state. It also would have forced cities and counties to authorize prohibit gained a clinic at least 50,000 residents, officials voter approval.

To take the measure of the Assembly, where he squeaked by at least 41 votes, agreed the assemblyman, to change it so could put the city council or supervisory body of a ban on their own, as legislators in the California courts completed more than 170 already . He has also decided to demand a cap on local government taxes companies could raise medical marijuana.

Changes in the cost of supporting the bill with the defenders of medical marijuana, which now look alike to us, the nationwide scheme combined have put on hold, the Americans for safe access support Word of Kris Hermes said on Tuesday.

"In a way, a lot of progress has been made, but we are also happy to return to the drawing board to ensure that we are all on the same side with respect to this bill that is supposed to help," said Hermes.

Hermes demand, Aviva stock exchange on sustainability reporting

 Aviva plc (AV /) and Hermes Asset Management Ltd. urge grants to improve the way companies report on sustainability, leading to calls from investors to establish common international standards.

They are non-governmental groups at a UN forum in Rio de Janeiro will be linked to opportunities to make emphasis on the financial industry in the long term problems such as environmental degradation and discuss energy efficiency.

Organizations seeking to standardize and improve the sustainability reporting, which originated the use of water-emission according to different rules on global stock markets over the past decade. Today's meeting is the talks with Rio 20 summit this week in the same city, where delegates from 190 countries discussed measures to eradicate poverty while resulting environmental degradation.

"We want the world to start their financial capital in the right direction," said David Pitt-Watson, Hermes Management and a senior adviser to Deloitte Consulting. "We say, let us a friendly regime with comparable data. Most people say it's obvious when you understand it."

Stock exchange in Sao Paulo, Copenhagen, Johannesburg and Singapore have already begun to require Members to any significant environmental risks, social, governance and reporting in a manner that would allow investors to make comparisons. Others still need to make to such requests.
Five scholarships

Two of them, in Sao Paulo and Johannesburg, today announced with Nasdaq OMX Group Inc. (NDAQ) (NDAQ) and New York stock exchanges in Istanbul, Turkey and Egypt, its listed companies for 4600 to promote moderation and report on environmental and governance issues as emissions of greenhouse gas emissions, water consumption and the equality of the sexes.

"The problem with some of the sustainability reports is that they are not really material, and they are not as relevant as they should be," said David Blood, co-founder of Generation Investment Management with former U.S. Vice President Al Gore. Companies must work harder to "make the material and make it relevant," he said in an interview.

Institutional investors have pushed for better standards in the reports, since they consider a broader range of issues affecting the quality of their investments.
Social Metrics

The efforts of companies, sectors and all major accounting and tax advisors, the performance measures on environmental, social and governance, or ESG to reinvent the show to challenge. Although some indicators, such as emissions or water use, are easier to standardize, are social measures, such as disk or diversity in the workforce or community relations to judge difficult.

The stock markets provide a forum for investors and companies to negotiate these issues. The change makes everything possible framework for the world the way public companies report to the potentially important.

"We expect companies commitments to make to improve their reporting on renewable energy and sustainability goals," said Jacob Scherr, director of global strategy and advocacy at the Natural Resources Defense Council in Washington, who will attend today's meeting.

The most important stock exchange in Brazil, Bovespa, has a policy issued in January recommended that listed companies to explain, explain the ESG data, and if not, why not. This month he announced the first results of its "report or explain" project, the sustainability analysis information to the end of May.
Denmark Compliance

The Copenhagen Stock Exchange, NASDAQ OMX owned by, a "comply or explain" principle of transparency, corporate governance, according to spokesman Javier Lopez. "There is a demand that the government until early 1100 is companies that needed to be documented social responsibility," he said.

Aviva suffered the UK's largest insurer, Munich Re and other investors have been working with the UN to achieve on the stock exchanges campaign, a global reporting requirements.

The initiative will help investors assess the sustainability efforts of a company on an "apples to apples" basis, Abengoa SA (ABG) CEO Manuel Sanchez Ortega said in an interview with the New York Stock Exchange. (NYX) (NYX) "If you're a system in the world, it is very important," he said.

While in Europe, South Africa and Brazil require the efforts of more reports, have led to the replacement demand of the United States have no plans of companies to report risks associated with climate change, consumption of water or the diversity in the workplace .
No mandates

"We have no mandates for our listed companies in terms of sustainability reporting," said Rich Adamonis, a spokesman for the New York Stock Exchange. "We have no position to do so."

According to London-based Aviva is the NYSE in the majority, with 57 percent of world trade is no advice to companies on sustainability reporting.

Meanwhile, the voluntary declaration on sustainable development with increased measures of investor demand. Signatory companies to the Global Compact of the UN sponsored jumped by 54 percent last year, more than 7000th The organization is the world's largest voluntary campaign to introduce standards on sustainability issues.

U.S. companies operating in areas that require sustainability reporting requirements and more complicated than they receive back face, said Hermes-Pitt-Watson.

"Unless we get the framework developed in Rio, it is extremely expensive and take much longer to complete a voluntary," said Pitt-Watson. "There will be hundreds of different regulations."

Comedy triumphs in the test phase

  A trial in the United States has protected the rights of consumers to parody and humor in a decision that should bring relief to fans of film and comedy.

A judge dismissed the case against Louis Vuitton knockoff Warner Brothers on a handbag that made a brief appearance in 30 seconds hangover Hollywood flop II, officials said.

"We are very pleased with the decision of the court satisfied," said a spokesman for Warner Brothers.

In the film, actor Zach Galifianakis carries a bag with a monogram LVM. If someone knocks in his pocket, he said, "Look, it's a Lewis (instead of Louis) Vuitton."

The case of violation of the Chinese company has been Diophy American.

Louis Vuitton, a fashion and leather goods division of LVMH has sued Warner Brothers, the production company behind the film in December 2011, citing a "false designation of origin / unfair competition" and "brand dilution."

The camp Vuitton has argued that "consumers believe the bag Diophy (the movie) was actually a real Louis Vuitton" and "Lewis Vuitton" comment was a "quote feature film."

Federal Judge Andrew Carter was determined to prove Vuitton without sufficient evidence for his claim that it was "highly unlikely" that the public will be able to fake Louis Vuitton's 30 seconds was seen on the screen.

It was the second indictment for Hangover II, a slapstick comedy in which two men traveling to Bangkok for the wedding of their friend. In the first trial, an Australian stuntman sued Warner Brothers for injuries incurred during filming.

luxury items fastening off as a business

  Xie candy clerks sent her Gucci bag in a small shop near the World Trade Center in Beijing, after the dealer has promised to remove ink stains from 300 yuan (47.1 million).

"I had to refuse because of the brand franchise store," said the 28-year-old.

Xie is set to only one of hundreds of millions of luxury consumers in China, the difficulties in maintaining its leading brand products.

The manufacturer of premium brands are not usually responsible for cleaning and repairing broken dirty may take some time, because very few famous designers maintenance plants in China. Often a damaged thing must be returned to the country of origin.

This absence creates opportunities for Chinese entrepreneurs who have been with open arms in the past two years has received.

Employ landscape of Beijing luxury leather repair and maintenance Co Ltd, a small company with a luxury goods business since 2010, is a monthly income of more than 150,000 yuan from his repair business and interview, Wang Ruilin, director of corporate marketing.

The costs vary depending on the service, said Wang. In general, a price for the work 250-500 yuan, but some consumers spent thousands of yuan in the store, because their property requires multiple procedures, to reduce it to a primitive state.

In addition to maintenance and repair, some customers require, changes, because the design of luxury goods' origin is not suitable for the Chinese people, Wang told China Daily.

"The most popular items include belt," said Wang. "The international luxury brands have their belts too long and Chinese customers have cut six to eight inches."

The problem is, of course, what happens if the manufacturer of luxury brands decide to focus on this aspect of the market.

But in today's business world do not show a lack of confidence in their future.

"We can cooperate with luxury brands, if they want," said Li Rixue, president of China Secoo, a company working on the sale of second-hand high-end products, maintenance and other companies associated with products luxury.

The international luxury brands are not entirely new maintenance building factories in China. It costs them a lot. Rather, the cooperation with those already on the market is the best way forward for luxury brands, Li said.