Former NBA star Yao Ming eyeing film business - Thaindian.com

January 31st, 2012 - 6:56 pm ICT by IANS ( Leave a comment )

Shanghai, Jan 31 (IANS) Retired Chinese basketball superstar Yao Ming has been looking for business opportunities in the film industry but has not entered it yet, Yao’s agent said Tuesday, responding to media reports claiming that Yao is planning to set up a film finance fund.

Foreign media reports that Jay Cohen, an American film producer, is setting up a film finance fund with Yao have caught the attention of China’s media and public.

“Yao Ming and our team has not joined or set up any such organisation as the film finance fund,” Yao’s agent Zhang Mingji told Xinhua, adding that they are open to such kind of business, and are looking for good investment opportunities.

Zhang said Jay Cohen is a friend of Yao and they have had some discussions on investing in the film industry, but no action has been taken yet.

He went on to say that Yao is currently busy with managing Shanghai Sharks, a Chinese basketball team, and he has no plans to go to the United States to negotiate investing in the film industry.

Yao, 31, announced his retirement July 20 last year from the National Basketball Association’s Houston Rockets, the US team which made him a global star, and from the Chinese national team five days later.

Since his retirement, Yao has been back to school studying for a university degree in business management and helping manage the Shanghai Sharks.

In November, he set up a company to sell his own brand of wine, and he sold the first bottle for 150,000 yuan ($23,766) at a charity auction.

Yao is China’s first global sports superstar with a personal brand valued at more than $1 billion.

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Westinghouse Electric Canada Formed to Meet Growing Business Opportunities and Strengthen Ties With Customers and ...

PITTSBURGH , Jan. 26, 2012 /CNW/ - Westinghouse Electric Company LLC today announced the formation of Westinghouse Electric Canada , Inc. to better serve its Canadian customers, strengthen its ties with Canadian suppliers, and align itself more appropriately with the regulations and requirements in Canada to meet growing business opportunities there. The headquarters will be located in Toronto , Ontario.

"The formation of an official Canadian entity is consistent with our strategy to increase business in the country," said Jim Ferland , Westinghouse president, Americas. "Our Canadian customers have increasingly turned to us for nuclear power plant services, and upgrades to automation and controls. We're meeting their needs both in terms of quality and competitive pricing," said Ferland, "but with the creation of Westinghouse Canada , we will better provide our worldwide capabilities and experience in a fashion that will meet the specific needs and aspirations of Canada's viable nuclear energy industry."

Westinghouse currently has more than 150 Canadian suppliers that provide a range of products and services for the Westinghouse product lines of Fuel, Services, Automation, and Nuclear Power Plants. Additionally, by establishing Westinghouse Canada , Westinghouse is further positioning itself for future new nuclear power plant business there. Utilities in Canada are expressing interest in the Westinghouse AP1000® pressurized water reactor (PWR) – widely regarded as the safest, most-advanced PWR technology currently available – and the Westinghouse Small Modular Reactor, a 200 MWe class integral PWR currently under development that is suited for smaller electrical grids, distributed generation, and process heat requirements.

With 15,000 employees worldwide in affiliated companies, Westinghouse Electric Company LLC, a group company of Toshiba Corporation (TKY:6502), is the world's pioneering nuclear energy company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse is the largest nuclear energy provider in the US with more than 9,000 employees there. In 1957, Westinghouse supplied the world's first PWR in the Western Pennsylvania town of Shippingport. Today, Westinghouse technology is the basis for approximately one-half of the world's operating nuclear plants, including 60 percent of those in the United States and 40 percent worldwide.

SOURCE Westinghouse Electric Company LLC

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Business Travel Consultant required - Glasgow - Travel Weekly

Exciting new business travel opportunity now available working in the impressive world of Scotland's business travel industry! Working for one of the most sought after names in Glasgow's business travel sector, we are currently searching for a new Business Travel Consultant, to join this friendly and successful team.

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We are looking for a team focused and forward thinking Business Travel Consultant who can hit the ground running. If you would like the opportunity to grow your career with a trusted and very successful TMC then this is the role for you.

EXPERIENCE REQUIRED:
The ideal candidate will come from a previous business travel background and will ideally have an existing knowledge of CRS systems (in order to hit the ground running in the role as quickly as possible).

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Emerging Opportunities and Growth Prospects in the Indian Travel Intermediaries Industry: Analyses and Forecasts to 2016

NEW YORK, Jan. 31, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Emerging Opportunities and Growth Prospects in the Indian Travel Intermediaries Industry: Analyses and Forecasts to 2016

http://www.reportlinker.com/p0765249/Emerging-Opportunities-and-Growth-Prospects-in-the-Indian-Travel-Intermediaries-Industry-Analyses-and-Forecasts-to-2016.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Travel_Se

Synopsis

The report provides top-level market analysis, information and insights including:• Historic and forecast market sizes covering the entire Indian travel intermediaries industry• Insights into market entry strategies adopted by foreign companies to enter the Indian market• Detailed analysis of marketing strategies adopted by travel intermediaries in India• Descriptions and market outlooks for various sectors in the Indian travel intermediaries industry, such as travel agents, tour operators and online travel sites

Executive Summary

India was ranked the eleventh-most-attractive tourist destination in the Asia-Pacific region by the World Economic Forum in 2010. Furthermore, travel and tourism is the largest service sector business in India, contributing 6.23% to the national GDP, and representing 8.78% of the total country's employment. The volume of tourists in the country grew from 466.8 million in 2006 to 710.6 million in 2010, at a compound annual growth rate (CAGR) of 11.03% during the review period (2007–2011). Rising tourist volumes and the subsequent growth of potential customers for the travel intermediaries industry can be attributed to factors such as India's robust economic growth and government initiatives including granting infrastructure status to tourism developments and incentivizing private investments in tourism in the form of income tax exemptions and interest subsidy provisions.

Scope

This report provides an extensive analysis of the travel intermediaries industry in India: • It details historical values for the Indian travel intermediaries industry for 2007–2011, along with forecast figures for 2012–2016• It provides top-level analysis of the overall travel intermediaries industry, as well as individual category values for both the 2007–2011 review period and the 2012–2016 forecast period• The report contains a detailed analysis of demand drivers, market entry strategies and marketing and growth strategies in the Indian travel intermediaries industry• The report profiles the top travel intermediaries companies in India

Reasons To Buy

• Take strategic business decisions using top-level historic and forecast market data related to the Indian travel intermediaries industry and each sector within it• Understand the demand and supply-side dynamics within the Indian travel intermediaries industry, along with key market trends and growth opportunities• Assess the competitive landscape in the travel intermediaries industry in India, and formulate effective market-entry strategies• Identify the growth opportunities and dynamics within the industry's key categories, including travel agents, tour operators and online travel sites

Key Highlights

• India's strong economic forecast and positive business confidence will fuel growth in the travel intermediaries industry• The Indian travel intermediaries industry is projected to grow from INR679.9 billion in 2012 to INR1,218.3 billion in 2016, at a CAGR of 15.7% over the forecast period (2012–2016)• The Indian government is implementing policies aimed at assisting the growth of the travel intermediaries industry and has allowed 100% foreign investment in the hotel and tourism-related industries• Mobile travel applications are expected to change the dynamics of the overall travel intermediaries industry• Metasearch engines are the latest innovation in the online travel sites market

Companies Mentioned

PrimeTravelsErco Travels Pvt. LtdCox & Kings LimitedThomas Cook (India) Limited (TCIL)MakeMyTrip LimitedYatra.comCleartrip

Table of Contents1 Executive Summary

2 India Travel Intermediaries Industry Environment2.1 Macroeconomic Fundamentals2.2 Business Confidence2.3 Consumer Confidence3 Market Size and Growth Potential of Indian Travel Intermediaries Industry3.1 Travel Agents3.2 Tour Operators3.2.1 Tour operator market size by type of bookings3.3 Online Travel Sites3.3.1 Online travel sites market size by type of bookings4 Key Demand Drivers of India Travel Intermediaries Industry4.1 Tourist Volume4.2 Leisure and Business Tourists4.3 Spending Pattern of Domestic and International Tourists4.4 Total Internet Subscriptions5 Market Entry Strategy for India Travel Intermediaries Industry5.1 Market Regulations5.2 Market Entry Route5.3 Mergers and Acquisitions6 Marketing and Growth Strategies7 Competitive Landscape of Indian Travel Intermediaries Industry7.1 Travel Agents Competitive Landscape7.1.1 PrimeTravels7.1.2 Erco Travels Pvt. Ltd7.2 Tour Operators Competitive Landscape7.2.1 Cox & Kings Limited7.2.2 Thomas Cook (India) Limited (TCIL)7.3 Online Travel Sites Competitive Landscape7.3.1 MakeMyTrip Limited7.3.2 Yatra.com7.3.3 Cleartrip8 Appendix8.1 About BRICdata8.1.1 Areas of expertise8.2 Methodology8.3 Definitions8.4 Disclaimer

List of TablesTable 1: India – GDP at Constant Prices (US$ Billion), 2007–2016 (Base Year 1999–2000)

Table 2: India – Inflation Rate (%), 2007–2016

Table 3: India – Annual Disposable Income (US$ Billion), 2007–2016

Table 4: India –Total Market Size of Travel Intermediaries (INR Million), 2007–2011

Table 5: India –Total Market Size of Travel Intermediaries (INR Million), 2012–2016

Table 6: India – Total Market Size of Travel Agents (INR Million), 2007–2011

Table 7: India – Total Market Size of Travel Agents (INR Million), 2012–2016

Table 8: India – Total Market Size of Tour Operator (INR Million), 2007–2011

Table 9: India – Total Market Size of Tour Operator (INR Million), 2012–2016

Table 10: India – Market Size of Tour Operators by Revenue Source (INR Million), 2007–2011

Table 11: India – Market Size breakdown of Tour Operators by Revenue Source (INR Million), 2012–2016

Table 12: India – Market Size of Online Travel Sites (INR Million), 2007–2011

Table 13: India – Market Size of Online Travel Sites (INR Million), 2012–2016

Table 14: India – Market Size Breakdown of Online Travel Sites by Revenue Source (INR Million), 2007–2011

Table 15: India – Market Size Breakdown of Online Travel Sites by Revenue Source (INR Million), 2012–2015

Table 16: PrimeTravels, Key Facts

Table 17: PrimeTravels, Main Services

Table 18: PrimeTravels, Key Employees

Table 19: Erco Travels Pvt. Ltd, Key Facts

Table 20: Erco Travels Pvt. Ltd, Main Services

Table 21: Erco Travels Pvt. Ltd, Key Employees

Table 22: Cox & Kings Limited, Key Facts

Table 23: Cox & Kings Limited, Main Services

Table 24: Cox & Kings Limited, Key Employees

Table 25: Thomas Cook (India) Limited, Key Facts

Table 26: Thomas Cook (India) Limited,, Main Products and Services

Table 27: Thomas Cook (India) Limited, Key Employees

Table 28: MakeMyTrip Limited, Key Facts

Table 29: MakeMyTrip Limited, Main Products and Services

Table 30: MakeMyTrip Limited, Key Employees

Table 31: Yatra.com, Key Facts

Table 32: Yatra.com, Main Products and Services

Table 33: Yatra.com, Key Employees

Table 34: Cleartrip, Key Facts

Table 35: Cleartrip, Main Products and Services

Table 36: Cleartrip, Key Employees

Table 37: Market Intelligence Travel and Tourism Definitions

List of FiguresFigure 1: India – GDP at Constant Prices (US$ Billion), 2007–2016 (Base Year 1999–2000)

Figure 2: India – Inflation Rate (%), 2007–2016

Figure 3: India – Business Confidence Index, 2007–2011

Figure 4: India – Annual Disposable Income (US$ Billion), 2007–2016

Figure 5: India – Unemployment Rate (%), 2003–2015

Figure 6: India – Total Market Size of Travel Intermediaries (INR Million), 2007–2011

Figure 7: India – Total Market Size of Travel Intermediaries (INR Million), 2012–2016

Figure 8: India – Total Market Size of Travel Agents (INR Million), 2007–2011

Figure 9: India – Total Market Size of Travel Agents (INR Million), 2012–2016

Figure 10: India – Total Market Size of Tour Operator (INR Million), 2007–2011

Figure 11: India – Total Market Size of Tour Operator (INR Million), 2012–2016

Figure 12: India – Market Size Breakdown of Tour Operators by Revenue Source (%), 2007–2011

Figure 13: India – Market Size breakdown of Tour Operators by Revenue Source (%), 2012–2016

Figure 14: India – Total Market Size of Online Travel Sites (INR Million), 2007–2011

Figure 15: India – Total Market Size of Online Travel Sites (INR Million), 2012–2016

Figure 16: India – Market Size Breakdown of Online Travel Sites by Revenue Source (%), 2007–2011

Figure 17: India – Market Size Breakdown of Online Travel Sites by Revenue Source (%), 2012–2015

Figure 18: India – Travel Intermediaries Industry, Demand Drivers

Figure 19: India – Total Tourists Volume (Million), 2007–2016

Figure 20: India – Tourist Volume by Type (Million) and Travel Intermediaries Industry Size (INR Million), 2007–2016

Figure 21: India – Total Spending Pattern of Domestic Tourists by Category (INR Million), 2007–2016

Figure 22: India – Spending Pattern of Inbound Tourists by Category (INR Million), 2007–2016

Figure 23: India – Internet Subscriptions (Millions), 2007–2016

To order this report:Travel Services Industry: Emerging Opportunities and Growth Prospects in the Indian Travel Intermediaries Industry: Analyses and Forecasts to 2016

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Nicolas Bombourg
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Intl: +1 805-652-2626

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Western Asset High Income Opportunity Fund Inc. Announces Results of Annual Meeting of Shareholders - Marketwatch

NEW YORK, Jan 30, 2012 (BUSINESS WIRE) -- Western Asset High Income Opportunity Fund Inc. /quotes/zigman/436372/quotes/nls/hio HIO -0.31% announced today the results of the votes cast at the Fund's annual meeting of shareholders held on January 27, 2012.

Paolo M. Cucchi and R. Jay Gerken were elected as Class II Directors of the Fund by shareholders of the Fund's common stock to hold office until the annual meeting of shareholders in the year 2015 or thereafter when respective successors are duly elected and qualified.

Western Asset High Income Opportunity Fund Inc. is a diversified closed-end management investment company that is advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc., and is sub-advised by Western Asset Management Company, an affiliate of the adviser.

Contact the Fund at 1-888-777-0102 for more information or consult the Fund's web site at www.leggmason.com/cef .

All data and commentary provided in this press release are for informational purposes only. Legg Mason, Inc. and its affiliates do not engage in selling shares of the Fund.

SOURCE: Western Asset High Income Opportunity Fund Inc.

Western Asset High Income Opportunity Fund Inc. 1-888-777-0102 www.leggmason.com/cef

Copyright Business Wire 2012

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