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HELSINKI – Nokia Corp. on cheap handbagsTuesday warned its second-quarter sales and margins will be much lower than expected as rivals challenge the world’s largest handset maker in both smartphones and low-end devices.

The announcement sent Nokia shares down more than 17 percent to a 13-year low of euro4.75 ($6.83) in late Helsinki trading.

The Finnish company said net sales in its key devices and services unit will be “substantially below its previously expected range of euro6.1 billion to euro6.6 billion” in the second quarter.

Operating margins in the period will be well below the earlier predicted 6 percent to 9 percent, Nokia said, adding that the lower-than-expected performance made it no longer “appropriate to provide annual targets for 2011.”

The Finland-based company has been struggling against tough competition in the top end smartphone market, especially against Apple Inc.’s iPhone, Research in Motion’s Blackberry and on the software front against Android, which has emerged as the top choice for phone makers that want to challenge the iPhone.

But Nokia has also felt the pinch in China and emerging markets, where numerous phone makers are producing cheaper handsets, including lower-end smartphones and copycat models.

CEO Stephen Elop acknowledged Nokia has been too slow to meet the challenge and hinted that the company would drop its cellphone prices.

“Certain competitive forces, particularly Android, are really gaining momentum in certain regions for example in China there is indication of some very substantial movement in the growth of market share for Android,” Elop said. “We need to be faster to the market as relates to pricing action, as to the likes of how we range our products.”

In February, Nokia announced a major strategy shift when it partnered with Microsoft Corp., and said it would produce the first Nokia Windows cellphone before the year-end.

“We recognize the need to deliver great mobile products, and therefore we must accelerate the pace of our transition,” Elop said. “Our teams are aligned, and we have increased confidence that we will ship our first Nokia product with Windows Phone in the fourth quarter 2011.”

Jussi Hyoty, analyst at Front Capital in Helsinki, said Nokia continues to suffer from “a pincer movement” where both high-end and cheaper producers are challenging it.

“But we have to remember that it’s in the smartphone sector where the strategy changes are taking place,” he said.

Since 1998 Nokia has been the biggest seller of cellphones but in the first quarter of this year Apple overtook it as the world’s top handset vendor in revenue terms — reaching sales of $11.9 billion on shipments of 18.6 million devices against Nokia’s revenue of $9.4 billion on shipments of 108.5 million units.

Despite the profit warning, coach Handbags Nokia said it was pleased with progress on its Windows phone strategy, and that it was on track to cut operating expenses by euro1 billion for the full year 2013, compared to the full year 2010.

The company said it will continue to invest in its Symbian platform currently used in Nokia smartphones, Cheap coach handbagsoffer more competitive prices of its smartphones and make marketing more efficient.

NEW YORK (Reuters) – cheap handbagsMay sales results from U.S. retailers are expected to show how higher gasoline prices have crimped consumer demand for summer clothing and other discretionary items.

Still, some chains are outperforming rivals with better merchandise and customer service, gaining market share and topping analysts’ estimates.

U.S. chain stores are expected to show a 5.4 percent rise in May sales at stores open at least a year, according to Thomson Reuters data. That compares with gains of 8.9 percent in April, when sales were fueled by a late Easter holiday, and 2.6 percent in May 2010, when the economy was still fitful and many experts feared a double-dip recession.

“The consumer is still in slow recovery mode,” said FBR Capital Markets analyst Liz Dunn. “They are being selective … and really consolidating purchases around places where they feel like there is better fashion.”

One stand-out, she said, is department store operator Macy’s Inc (M.N), which reported a better-than-expected 7.4 percent rise in May sales at stores open at least a year on Wednesday. It also raised its sales target for the current quarter.

Teen apparel retailer Zumiez Inc (ZUMZ.O) also posted a better-than-expected 7.8 percent rise for May. Analysts were expecting 7.5 percent.

Hot Topic Inc (HOTT.O), another retail chain that targets teenagers, reported a smaller-than-expected 0.4 percent rise for May, but affirmed its second-quarter outlook.

BATTLE FOR MARKET SHARE

For Christa Hirneisen, who was shopping at a Gap store in midtown Manhattan on Wednesday, gas prices have tempered her spending, since she drives a lot.

“For the things I can hold off on for a bit, I won’t buy,” she said.

Since consumers are spending less, competition for their dollars has heated up, said Walter Stackow, senior research analyst for Manning & Napier Advisors, which invests in the retail sector.

“There’s not really a rising tide,” Stackow said. “For every winner there’s going to be a loser.”

Many retailers blamed cool, wet weather for disappointing results in April, and the conditions persisted into May, said weather tracking firm Planalytics. coach Handbags May began with the coolest run-up to Mother’s Day since 2005, but then warmed up, it said. In addition, the country experienced over 350 tornadoes.

Another round of disappointing economic data on Wednesday showed that U.S. private employers added a scant 38,000 jobs in May, the lowest level since September 2010, while an index of national factory activity fell more than expected in May to its lowest level since September 2009. Cheap coach handbagsThe Standard & Poor’s 500 Index (.SPX) fell 2.3 percent.

SAN SALVADOR, El Salvador –cheap handbagsSalvadoran President Mauricio Funes says his Central American country will allow citizens living abroad to vote in the 2014 presidential election.
Funes says a government commission is looking into the necessary steps to implement absentee voting. coach Handbags He says the commission is getting advice from nations that already permit citizens out of the country to cast ballots.
Funes said Wednesday that absentee voting will help strengthen El Salvador’s democracy.
An estimated 2.8Cheap coach handbags million Salvadorans live in the United States, while about 7 million are in El Salvador.

SANAA, Yemen – cheap handbagsStreet battles between Yemeni government forces and armed tribesmen killed dozens of people Wednesday in this country teetering on the brink of civil war, forcing residents to cower in basements or brave gunfire to fetch bread and water.

Nearly four months of mass protests calling for President Ali Abdullah Saleh’s ouster have exacerbated already dire poverty, shuttering businesses and forcing up prices of essential goods. It’s a trend that does not bode well for long-term stability in this gun-ridden corner of the Arabian Peninsula, home to an active al-Qaida branch and other armed Islamist groups.

Yemen’s mainly peaceful protests gave way to fighting last week between Saleh’s security forces and fighters loyal to the head of Yemen’s most powerful tribal coalition, Sheik Sadeq al-Ahmar. That was the tipping point that pushed the anti-government uprising toward civil war.

At least 41 people were killed Wednesday as clashes spread to new quarters of the city.

Secretary of State Hillary Rodham Clinton said Saleh’s refusal to step down was prolonging the crisis.

“We cannot expect this conflict to end unless President Saleh and his government move out of the way to permit the opposition and civil society to begin a transition to political and economic reform,” she told reporters in Washington.

President Barack Obama’s Homeland Security and Counterterrorism adviser John Brennan was to travel to Saudi Arabia and the United Arab Emirates this week for talks on Yemen.

Fighting in the capital raged from early morning though midday, sending the crackle of gunfire and the booms of artillery strikes across the city. The clashes spread Wednesday from the Hassaba neighborhood where tribesmen have seized more than a dozen government buildings, to new areas.

The clashes forced Talal Hazza to crowd into a neighbor’s basement with 20 others, half of them children.

“We are suffering and living through trying days,” Hazza told The Associated Press. “It wears you out because the shells fall on us like rain, especially at night.”

The explosions terrify the children, and only the men go out for food, Hazza said. They have to venture out daily because the area has had no electricity for two days, meaning there is no way refrigerate food.

“We can hear explosions outside, but we are afraid to go up and look because they are very close,” he said.

Tribal fighters seized the prosecutor general’s office in the city’s northwest. They were accompanied by two vehicles from the 1st Armored Division, whose powerful commander abandoned Saleh two months ago. So far, however, his troops have not participated in the street battles.

The Interior Ministry said in a statement that tribesmen also took over a five-story building in the city’s southern Hadda neighborhood, a stronghold of Saleh supporters.

Yemen’s official news agency SABA called the tribal fighters “armed gangs” and accused them of looting supplies, furniture and documents from government buildings.

Witnesses said units of the elite Presidential Guard, commanded by one of Saleh’s sons, shelled the headquarters of an army brigade that guards government institutions, sending up columns of smoke and fire. Army officers who have joined the opposition said they believed the move was a pre-emptive strike against a commander the government feared would join the movement to oust Saleh.

Fighting diminished in the afternoon, when Yemenis routinely gather to chew qat, a mildly addictive stimulant. But artillery strikes resumed at dusk, forcing residents back to their basements.

“We feel besieged in our neighborhood and can’t leave our house because of the clashes and the random shelling,” said resident Abdu Salem. A shell landed near his house, spraying his neighbor’s leg with shrapnel, Salem said, but the clashes prevented an ambulance from coming for four hours.

Saleh has met the protests with promised reforms and brutal crackdowns, sometimes sending tanks or snipers to clear public squares where the protesters camp out. The crackdowns have turned the U.S. away from Saleh, once considered a key ally against al-Qaida.

As the uprising has dragged on, prices for food, petrol and cooking gas have skyrocketed, cutting into family budgets in a country where the United Nations says 31 percent of people are underfed.

Experts say growing poverty and a depleted government budget heighten the chances of longtime instability in a nation that is home to al-Qaida in the Arabian Peninsula, which has been linked to attempted attacks on U.S. soil, including the failed Christmas Day attack in 2009.

“We’re already talking about the poorest country in the Arab world, and the average Yemeni has the least room to absorb this,” said Christopher Bouceck of the Carnegie Endowment for International Peace. “The longer this goes on, the worse it gets.”

Shopkeeper Najib al-Habaishi said his foodstuffs are scarce and his prices high because distributors balk at delivering to the capital.

Running water has cut out in much of the capital, meaning residents buy supplies from tanker trucks. But the price of a fill up has quadrupled during the uprising, forcing many to limit bathing and laundry to once a week.

The price of cooking gas, too, has increased steeply, meaning some many now light wood fires on their roofs to cook.

Rising gas prices have caused shortages, forcing people to wait for hours in long lines at gas stations. Once at the pump, they face quotas that limit them to about a third of a tank.

Electricity comes and goes, coach Handbags and has been cut in the Hassaba neighborhood for nearly three days.

While protests, defections and international diplomacy have not forced Saleh from power, economic pressures could prove the final blow, said April Longley Alley of the International Crisis Group think tank. Saleh has tapped state coffers to pay his forces, fund boisterous pro-government rallies and buy support from tribes, she said. He can’t keep that up forever.

“If Saleh is unable to pay military and security salaries and to maintain critical patronage networks within the tribes, it will certainly be game over,” she said.

___

Hubbard reported from Cairo. Cheap coach handbagsMatthew Lee contributed reporting from Washington.

TULCEA, Romania – Alas, cheap handbagspoor Harald. Wired up to a satellite transmitter, he had much to teach science about the life of the great sturgeons of the Danube River and Black Sea.

His probable demise is a cautionary tale of the multiplying threats to the great sturgeons, sought since Roman times for the wealth they yield in meat and caviar.

Consider: A living creature from the age of the dinosaurs, a fish that can grow as long as a minibus, lives longer than most men, sniffs its way to its birthplace to spawn and can yield a fortune in caviar.

When in 2009 a team of Romanian and Norwegian researchers attached a satellite transmitter to Harald’s 2.9 meter (9 1/2-foot) body, they hoped the data beamed back would show them ways of halting the rapid drop in the sturgeons’ numbers. But now the Beluga sturgeon is missing, presumed to be a victim of poachers.

Sturgeon have thrived in the Danube for 200 million years, migrating from feeding grounds in the Black Sea to Germany 2,000 kms (1,200 miles) upstream. Archaeologists have found wooden sturgeon traps in the ruins of Roman fortresses behind the willow trees on the Danube’s banks, along with sturgeon bones dated to the 3rd century.

In the 1970s and ’80s Romania built giant dams across the Iron Gates gorge, cutting off half the sturgeons’ spawning grounds.

Fishermen, unrestrained after the collapse of order in eastern Europe in 1989, caught them in huge numbers as they began their migration, trapping them before they could reproduce. Pollution from agricultural run-off and expanding cities put them under further pressure, although the construction of water treatment plants in the last decade has lessened the flow of filth.

Now environmentalists are trying to head off the latest threat: a European Union plan to deepen shipping channels in the Danube that they fear could eliminate the last shallows where the sturgeon deposit their eggs, which would doom the fish to vanish in its last stronghold in Europe.

“Right now it’s teetering on the edge of extinction,” said Andreas Beckmann, director of the Danube-Carpathian program of the Worldwide Fund for Nature, or WWF. “That one project, depending on how it’s done, could push it over the edge.”

Under the plan, engineers would block partially several side channels of the Danube and divert water to the main fairway, enabling year-round shipping through what are now low-water bottlenecks. Concrete would reinforce the banks of some islands.

European and Romanian officials insist the proposed action would not further endanger the fish in the wild, free-flowing waters of the Lower Danube.

“There will be enough water to ensure migration,” said Serban Cucu, a senior Transport Ministry official and Romanian negotiator. Still, construction has been delayed for a year to allow more monitoring of the channels.

“If the data collected shows there is some influence, we will decide together whether to stop the project,” said Cucu, interviewed in his Bucharest office.

Sturgeon, which can live a century or more in both salt and fresh water, are genetically wired to reproduce only where they themselves were born. Equipped with four nostrils, each fish sniffs its way to its birthplace, says researcher Radu Suciu.

After the Iron Gates went up, fish west of the two dams effectively were rendered infertile. The reproduction rate was reduced by half, said Suciu, of the Danube Delta National Institute in Tulcea, at the mouth of the Danube Delta.

Even now, 40 years later, older fish congregate at the foot of the dam in spawning season.

This month, conservationists, governments and the U.N. Food and Agriculture Organization agreed to explore building a fish ladder for the sturgeon to crawl around the Iron Gates dams. But unlike salmon, sturgeon cannot jump and would have to use powerful underside muscles to climb nearly 40 meters (130 feet) through a chain of pools.

In a separate attempt to revive sturgeon stocks, experiments have begun to breed sturgeon in fish farms, safe from poachers who kill them for their roe, which is processed into expensive caviar.

In 1999, Stelic Gerghi, an unemployed aquaculture engineer from the Tulcea area, famously caught a 450 kilogram (990-pound) fish and extracted 82 kilograms (180 pounds) of roe. It earned him enough to finish building his home and buy a new car. He is now serving his third term as mayor of the Vacareni district.

International trade in sturgeon was banned in 2001, and in 2006 Romania outlawed sturgeon fishing, followed by Serbia, Ukraine, Moldova and lately Bulgaria.

“We stopped the clock,” says Suciu.

But as Harald’s story illustrates, the threats have not disappeared.

Harald, named for the king of Norway because that country sponsors sturgeon research, was 12 years old and weighed 80 kilograms (175 pounds) when he was caught and taken to an experimental farm. There his sperm was harvested to artificially fertilize the eggs of females.

After a month he was tagged with a transmitter and released back into the Danube in May 2009, carrying the hopes of scientists to learn how sturgeons travel and behave.

“He was in very good health, a strong fish,” said Suciu.

He made his way downstream to the Danube Delta and into the Black Sea. Abhorring light, he stayed in murky depths of 10 to 50 meters (30-150 feet).

Scientists pieced together his movements from 11,000 messages transmitted over five days after the tag reached the surface six months later.

Harald had foraged for herring, coach Handbags sprats, mackerel and other small fish for several weeks. Then in October he swam north.

Suddenly, on Nov. 2, he stopped moving. For three days he stayed on the bottom of the sea, 65 meters (215 feet) down, immobile.

During the night of Nov. 6, sometime after 2 a.m., Harald rose swiftly to the surface and went in a straight line 11 kilometers (7 miles) to Ukraine’s Crimean coast. He remained offshore for two days and on land for another two. The transmitter’s final messages, plotted with the help of Google Earth, indicated movement along a railway line.

Much of Harald’s data was lost during transmission to the satellite, but the scientists had enough information to surmise his fate: he had been snared by a hook or net, then hauled up in the dead of night and taken ashore by rowboat.

“This was really sad. It was a young fish. He came into the Danube to spawn for the first time,” said Suciu.

But the scientist was consoled that Harald left offspring that were released into the river. “The sons and daughters of Harald are safe in the Black Sea. Cheap coach handbags
He didn’t die for nothing,” he said.