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25 November - 1 Decmeber 2011 3TRISTATE/INTERNATIONAL
AT&T Celebrates New High Tech
Bilingual Store in Flushing, NYA Traditional Chinese Lion Dance Kicks-off a Day of Celebration
AT&T Opens New High-Tech Bilingual Store in
Flushing with Chinese Dragon Dance(PRNewsFoto.AT&T Inc.)
AT&T Opens New High-Tech Bilingual Store in
Flushing with Ribbon-Cutting
(PRNewsFoto.AT&T Inc.)
(Press Release)NEW YORK -- To addressthe growing demand for ad-vanced wireless data prod-ucts and services, AT&T* onNov. 19, 2011 announced agrand opening celebrationfor a new high-tech store inFlushing.
"The Flushing storeis part of a growing portfolioof bilingual retail locationsin the metro NY area," saidTom DeVito, Vice Presidentand General Manager forAT&T in New York and NewJersey. "Customers can 'trybefore they buy' the mostadvanced devices and getassistance in their languageof choice."As part of the grand open-ing celebration, customerswere eligible for special dis-counts including up to $50off select in-stocksmartphones only at theFlushing location throughNovember 20.Located at 39-15 MainStreet at the corner ofRoosevelt Avenue the storeis led by industry veteran XiLi and has a team of 17
sales consultants; all arebilingual and trained to as-sist customers both busi-ness and consumer withpurchasing decisions, cus-tomer service and technicalsupport. Hours of operationare Monday through Satur-day 10:00 a.m. 9:00 p.m.,Sunday 11 a.m. 7:00 p.m.The new Flushing storebrings the number of AT&Towned stores in Queens toten. There are more than 60
AT&T owned stores in thefive boroughs. Across met-ropolitan New York and
northern New Jersey, thereare more than 135 AT&Towned stores . AT&T'sproducts and services arealso available at a numberof local authorized dealersand national retail locations.*AT&T products and ser-vices are provided or offeredby subsidiaries and affili-ates of AT&T Inc. under theAT&T brand and not byAT&T Inc.
About AT&T
AT&T Inc. (NYSE: T) is apremier communicationsholding company and oneof the most honored com-panies in the world. Its sub-sidiaries and affiliates AT&T operating companies are the providers of AT&Tservices in the UnitedStates and around theworld. With a powerful ar-ray of network resourcesthat includes the nation'sfastest mobile broadbandnetwork, AT&T is a leadingprovider of wireless, Wi-Fi,high speed Internet, voiceand cloud-based services.A leader in mobile broad-band and emerging 4G ca-pabilities, AT&T also offers
the best wireless coverageworldwide of any U.S. car-rier, offering the most wire-less phones that work in themost countries. It also of-fers advanced TV servicesunder the AT&T U-verseand AT&T | DIRECTVbrands. The company'ssuite of IP-based businesscommunications services isone of the most advancedin the world. In domesticmarkets, AT&T AdvertisingSolutions and AT&T Interac-tive are known for their lead-ership in local search andadvertising. Additional in-
formation about AT&T Inc.and the products and ser-vices provided by AT&T sub-sidiaries and affiliates isavailable at http://www.att.com. 2011AT&T Intellectual Property.All rights reserved. Mobilebroadband not available inall areas. AT&T, the AT&Tlogo and all other markscontained herein are trade-marks of AT&T IntellectualProperty and/or AT&T affiliatedcompanies. All other markscontained herein are the prop-erty of their respective owners.
Volatile Global Economy Spreads Impact Worries India
(New Delhi Bureau) On
the first day of the winter
session of parliament the
Finance Minister of India
Pranab Mukherjee said
on Tuesday that Indias
budget projections may
be missed this fiscal year
while commenting on the
growing budget deficit.
The minister said that
reaching the fiscal deficit
target of 4.6% of Gross
Domestic Product (GDP)
in the current fiscal year
would be difficult in the
backdrop of deteriorating
global economy. Showing
concern over its impact
on the Indian economy
s ince las t coup le o f
months he sa id , We
have to be careful not to
over-do ourse lves in
reaching this target since
that can have an exces-
sive slowing down impact
on growth. The govern-
ment clearly indicated its
struggle to achieve the
targeted level of fiscal
deficit in the current fis-
cal year. The fiscal defi-
cit was 6.4 per cent of
GDP in 2009-10, while in
2010-11 it was brought
down to 4.7 per cent. The
governments admission
that the target of bringing
it further down to 4.6 per
cent during the current fis-
cal seems unachievable
may lead the global inves-
tors to rev is i t the i r
projects touching Indian
economy.
Given the deterio-
ration in global economy
and its impact on India
over the past three to four
months th is caut ionagainst over zeal by the
Indian government can be
taken as an alarming sig-
nal to face rough weather
in Indian markets be-
cause till now the govern-
ment maintained that the
target for 2011-12 would
be met. Confirming this
first real assessment of
the situation of fiscal defi-
cit by the finance minis-
ter analysts expect fiscal
deficit to be anywhere in
the range of 5-5.5 per
cent of GDP this fiscal.
The volatility in markets
have weakened Indian ru-
pee to 52.5400 levels
against a dollar. Rising
inflation in the economy
has gradually become dif-
ficult to control and grow-
ing interest rates have
reversed the trends in in-
vestment. Though the
count ry has the bes t
economist ever as i ts
Prime Minister the gov-
ernment seems helpless
and has been on the back foot
in tackling some of these is-
sues. Analysts say the Indiangovernment needs to look for
options which would help
guard the economy against
any further slowdown. On
the o ther hand, the
economy is defying Re-
serve Bank of Indias
(RBI) t i gh t monetary
moves making the marks
of the slow down visible
under the impact global
slowdown. As the RBI
gears up for strengthen-
ing reserves for the worst
in the wake of global eco-
nomic turbulence, it also
tries to bring down fiscal
deficit by cutting expen-
diture fearing it might fur-
ther increase the adverse
impact on the slowing
down of economy. The
only way to improve now
seems to focus on rev-
enue generation which has
also not been keeping pace
with the target as disinvest-
ment are in jeopardy and
tax collections are bear-
ing the brunt of slowdown,
the experts say.
Delhi plans to buy Australian uranium assetsBy TSAI Bureau
SYDNEY : Energy-hungryIndia will consider acquiringAustralian uranium miningassets if a controversial banon exports to the nuclearpower is lifted, a report saidon Tuesday.
Australia has the worldslargest reserves of uraniumand New Delhi officials saidthe country could move tobuy up assets if a ban onsales is removed, asfavoured by Prime MinisterJulia Gillard.
Once Australia comes
into the fold all properties will
be reviewed, said AKSarangi, deputy generalmanager of strategic plan-ning at the Uranium Corpo-ration of India, the govern-ment agency responsiblefor mining and purchases.
Australian deposits willbe a target along with as-sets in other countries, headded to The Australiannewspaper.
If we decide we needto a t ta in propert iesabroad and the Australiangovernment agrees thenAustral ian assets are
also considerations.
Federation of IndianMineral Industries chiefRK Sharma agreed.
I think it would bevery desirable to invest inAustralian uranium as-sets because Australia isa very investor-friendlycountry, he was quotedas saying by the news-paper. Meanwhile, sayingi t was s t i l l s tudy ingIndias regulat ions oncivil nuclear liability, theUnited States has as-serted that for it ensuringa level playing field for
American companies in
India remained a priority.Completing the US-
Indian civil nuclear coop-erat ion partnership iscentral to both our na-tions long-term prosper-ity and Indias future en-ergy security, the StateDepartment said in re-sponse to a question on theproposed regulations for civilnuclear liability in India.
Ensuring a level playingfield for US companies toinvest in Indias civil nuclearindustry remains a priorityfor the State Department,
it said in a statement.
Rajat Gupta seeks to depose
Goldman Sachs executivesNEW YORK: Lawyers for former In-
dian-American McKinsey head Rajat
Gupta, set for trial next year on insider-
trading charges, want Goldman Sachs
CEO Lloyd Blankfein and the Chief Finan-
cial Officer David Viniar to testify in his
case.
Gupta's lawyer Gary
Naftalis submitted in a Man-
hattan court his l ist of 10
wi tnesses he would
"most want to depose on
behalf of Gupta."
US District Judge Jed
Rakoff, who is presiding
over the case, had last
week ordered Gupta, the
Securities and Exchange
Commission and lawyers
for Galleon co-founder
Raj Rajaratnam to submit
the list of witnesses they
want should testify in SEC's lawsuit
against Gupta.Besides Blankfein and
Viniar, Gupta is seeking depositions
of Rajaratnam's and his co-investor
Ravi Trehan, Rajaratnam's former as-
sistant Caryn Eisenberg and Goldman
Lead Director John Bryan. Gupta's law-
yer said he would also want to "later"
question Goldman COO Gary Cohn,
Goldman Managing Director David
Loeb, Proctor and Gamble Presiding
Director W James McNerney and Anil
Kumar, former partner at McKinsey.
"The witnesses we list are believed
to have information relevant to this ac-
tion," Naftalis said in court papers. The
Securities and Exchange
Commission also submit-
ted names of 10 potential
wi tnesses that i t w i l l
seek to depose in prepa-
ration for Gupta's civil trial
set for next year. The regu-
lator wants to speak with
Gupta, his wife, Rajaratnam
and his brother R K
Rajaratnam, as well as with
Gary Rosenbach, Galleon's
co-founder, and Ian
Horowitz, a Galleon trader.
Gupta was charged on Oc-
tober 26 with five counts of securities
fraud and one count of conspiracy to
commit securi t ies fraud. He has
pleaded not guilty and will face trail in
the criminal case in April next year.
The SEC had also filed its lawsuit against
Gupta the same day, accusing Gupta of
engaging in an "extensive insider-trading
scheme" with Rajaratnam.
Gold prices may reach $2,000 by March 2012: Report(News Agencies)
Mumbai : Gold prices are
likely to touch $2,000 by
March, driven by the global
economic crisis, while gold
imports may reach 1,000
tonne, a senior
SocotiaMocatta official
said. "Investor demand has
compensated the decline in
the jewelry consumption.
The rising gold prices, which
has boosted the investors
appetite, may result in close
to 1,000 tonne imports of
the yellow metal," Rajan
Venkatesh, Managing Di-
rector, India bull ion,
SocotiaMocatta, a part of
the Bank of Nova Scotia,
told reporters on the side-
lines of FICCI 'Gems and
Jewelry Conference in
Mumbai.
The current US and the
Euro zone crisis, he said,
will keep the gold prices
bullish and they are likely
to reach $2,000 an ounce
in another 3-4 months.
"People are losing faith in
cash as load of the US cur-
rency can be printed," he
said. The gold prices here
today ruled at Rs 28,500
per 10 grams, while it was
$1,695.90 an ounce in the
global markets.
On silver, Venkatesh
said, the imports will be
slightly lower than last
year's 3,030 tonnes due to
the rise in prices."Silver
business is not that signifi-
cant (by volume)... a couple
of months ago it was very
good when prices had ta-
pered off," he said.The de-
mand will improve if the sil-
ver prices come down to Rs
40,000-45,000 a kg, he
said.
Silver prices today stood
at Rs 56,250 per kg here
and in the global markets it
was at $31.88 an ounce.
Mr Rajat Gupta.