THREADNEEDLE ASSET MANAGEMENT LTD May 15‚ 2015 Lisa D. Ellis (Senior Analyst) • lisa.ellis@bernstein.com • +1-212-756-1855 Harshita Rawat‚ CFA • harshita.rawat@bernstein.com • +1-212-969-6228 Zhe Shen • zhe.shen@bernstein.com • +1-212-823-3627 Visa-Visa Europe: Answers to the Top 25 FAQs‚ Including our Accretion Math and Deep Dive on Yields Ticker MA V SPX Rating CUR O O USD USD 13 May 2015 Closing Price 92.52 68.65 2098.48 Target Price TTM Rel. Perf. 108.00 77.00 13.1% 18.9% EPS P/E 2014A
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Whirlpool Europe Analysis The Whirlpool Europe case provides an opportunity to look at different ways to evaluate a major IT investment the company is considering. To undertake this analysis we have to make a few assumptions because the case does not have all the details needed to estimate benefits and investment cost. However‚ if you were in a company faced with this situation‚ these numbers would be available. The spreadsheet for Whirlpool contains two worksheets. Worksheet 1 is a net
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Essay # 2 Changes and Continuities in Women’s Public Roles During the Renaissance There was a drastic change for the life of women from the latter part of the Middle Ages to the Renaissance. This change didn’t help the women at all. In fact‚ the change was more and more of a declining change and less of an uplifting change. The way that women were viewed in the Renaissance took a huge decline from their social status during the middle ages. The aspects that contributed heavily to the typical women
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Strategy 2020 Europe 2020 is a 10-year strategy proposed by the European Commission on 3 March 2010 for advancement of the economy of the European Union. It aims at "smart‚ sustainable‚ inclusive growth" with greater coordination of national and European policy. It follows the Lisbon Strategy for the period 2000–2010. On 26 March 2010‚ the European Council agreed on the key elements of the new strategy. President Herman Van Rompuy who chaired the meeting pointed out that the strategy sums up the
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During the High Middle Ages‚ Europe experienced changes in economics yet continuation in politics and religion. With growth of population and urbanization‚ trade was revived in Europe. However‚ all of Europe was never truly centralized into one large empire like the Roman or Carolingian. Yet‚ it still was under the unofficial rule of the Roman Catholic Church. Urbanization‚ with the help of population growth‚ formed which led to revival of trade. Although there was trade between villages and feudal
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1968 in Europe: A Revolutionary Moment? Dr. Rebecca Clifford Modern Europe: A History of Revolution 1789 1848 1871 1917 1945 ...and 1968? [and‚ of course‚ 1989?] Historians on 1968 as revolution Historiography before the 1990s 1968 was a failed political revolution 1998: Historian Arthur Marwick argues in The Sixties that the 1960s was a revolutionary moment‚ but it was a moment of cultural revolution‚ not political revolution Marwick: ‘Slightly hesitantly‚ I am calling this...a
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1658. However‚ in France‚ Louis XIV¡¯s absolutist regime decreased the powers of the noble but heightened their material status. In Russia and in Prussia‚ the absolutist leaders of those countries modernized their nations + the nobility underwent a change‚ but it retained prestige + power. Charles I considered himself to be an absolute monarch in England in the 1630¡¯s. A large portion of the parliament dislikes him because they wanted more of a say on the government and because the Protestant of
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References: 1. American Society on Aging. "Continuity theory: How elders find wisdom in spite of it all". http://www.asaging.org/at/at-214/continuity.html. Retrieved 2007-12-16. 2. Atchley R. C. (1989). "A continuity theory of normal aging". The Gerontologist 29 (2): 183–190. PMID 2519525. 3. Richard Schulz‚ Linda S. Noelker‚ Kenneth Rockwood‚ Richard L. Sprott‚ ed (2006). "Continuity Theory". Encyclopedia of Aging. 1 (4th ed.). Springer Publishing Company. pp
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Before Mcdonald’s entered in to the European market few people thought that fast food could be successful in Europe why do you think Mcdonald’s succeeded? Answer: There was a time not so long ago when U.S. fast-food giant McDonald’s was viewed by European consumers as the advance scout of what the French loudly decried as American cultural imperialism. The Golden Arches‚ ran the prevailing European line‚ were a threat to the Continent’s refined palates and appreciation of the civilized sit-down meal
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Honda in Europe Introduction The Honda Motor Company first entered the European market in the early 1960s through the sale of motorcycles. Honda’s motor vehicle sales in Europe have been relatively poor‚ especially in the previous five years. And Honda executives wonder why their global strategy is sputtering. History of Honda and Automobile Industry In 1946‚ Souichiro Honda founded the Honda Technology Institute. The Company started as a motorcycles producer and by the 1950s had become
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