my name is jamie cabin and senior manager with k png. i'm presenting the audit report for the public utilities commission. all right. the presentation will address the required communications to the commission in accordance with auditing standards and provide a high level summary of 2013 audit. to start with the audit process we have the responsibility to perform the audit in the auditing standards. first we consider the internal controls to the steps necessary to produce an effective audit approach. not to provide an opinion as you would do with the public trading company. we design an implement audit procedures to gain a reasonable but not absolute assurance as to the absence of material misstatements in the financial statement which means that we develop an audit performance materiality which we audit to. we sample transactions and analytically test accounts. we do not 100 percent test every transact action. we would be here a long time. we also form puc compliance and to the contract and to a level that could have a material effect o

follow to punk to the model but the one hundred restaurants in residential communities in the city of png fight to the other fifteen. meanwhile the country and our fill of slashing prices by fifty percent for steamboat. after the decrease. it will be sold for one point six two at four twenty six and cuba till seven times more expensive than it into punk cuban restaurant. queued up to five when a chinese merchant purchased thirty nine percent of shares they own the barn restaurant. gold will be gradually turned into a high end restaurant. however due to big government anti corruption campaign and the chinese president of the king kong. the goal lead on the door and finally the site returned to match the thompson can bond market the market insiders no question that they can compete with the teen punk theme of restaurant. finally from beijing youth daily the expected price of gold to hide dealt an increased by eleven times the past ten years. one january fifteen ten don't all of a gel company announced it will bring the x factor price of the donkey height tilt and by nineteen percent. the do

coca-cola, mcdonald's, png, this is their opportunity to reach billions of viewers with their ads.s to broadcast the games and they have already booked $800 million of advertisers. it is a huge amount of money. is there are any terrorism, advertisers aren't likely to pull their ads right away. spend $150 million because the whole idea is to dissociate -- to associate yourself with the feel-good aspects of the game. if it turns into something different, they are out a lot of money. what grounds are you able to pullout it there are contracts? today.e is in paris she is bringing us some french papers to add to the mix and i am guessing they are previewing the story. dominating the headlines today. it is aspaper says turning point here. unemployment, his personal life. the third press conference of the president is set in a very complicated context and environment for a head of state. of thisit on the front newspaper which is focusing on the first lady. -- an aff r status air status. he would not be able to escape questions about the affair. that press conference behind being will star

location to cover most patients read and can easily by fires without legal tables from the suburbs here in png. the legal part the black market and small workshop. much cheaper than those who qualified manufacturers. the price gap restraint and time. trentham last year a firecracker old one thousand fire crackers and sprite that went to queue at around four dollars odinga won gold for dollar fifty. in the fire stick with this guy was priced at fifty dollars. the legal and commercial project six dollars. even at lower prices the pelicans to make bigger profits from illegal one the transportation piece of dirt cheap illegal fireworks transferred several thousand by work product usually just cost around one thousand six hundred dollars. but the team and that is transported by trucks to be an opal product nearly one thousand one hundred dollars to the state i worked on the dangers that are made of gunpowder because the fire to explode only qualified shipping companies are supposed to handle that. their packaging need to be specially reinforced with anti static material. the bank in to get quinn gr

asked what you mentioned was procter & gamble, and alix, you have been looking at png's earnings. >>tes mainly held by sales in emerging markets, the company did see a slight contraction in the market growth in all markets. herein lies the issue -- how can these companies increase sales? euromonitor says global home care sales may rise only 2.2% per year from way 14 to 2017 -- 2017, below the growth rate of about. 3%. take the charging, about 54% of global sales. it is leading price declines to people like us, we like the discount, we used to them, and that means that procter & gamble's of the world make less money. like that is a good point, matt, because you might enjoy the dividend at png, but where is the growth? >> sure, proctor has grown their dividend for 37 years in a row, is a quite essential consumer staple stocks, it is great when the markets get choppy. i think when you look at ag last lease challenge going forward is to drive growth. i think the possible catalyst could be the selling off of duracell. they need to shrink to grow, become a little nimbler, be great at handl

friday we have png, stanley, black & decker, xerox.xt week, apple is the next big one, then caterpillar and royal caribbean. after today's close, netflix is reporting in addition to ebay. interesting technology week. >> it is. much more is coming up, we have our agenda on airbus and boeing. we speak with the ceo, next. ♪ >> this is "bloomberg surveillance." our guest host for the hour, craig moffett. mike has some company news from the files of "bloomberg west." >> amazon says they are not planning an online pay-tv service, telling "usa today," plan --y do continue to to plan to continue making original shows, but not television. ofckberry is selling most its real estate in canada. the company will sell almost 3 million square feet of space and then lease back what it needs. it is their plan to raise cash as the ceo looks to turn blackberry around. nokia may return as much as $4 billion to shareholders, speaking of cash. deutsche bank predicts that the british company could return some of that amount in the form of an annual dividend a

i just wanted to highlight, png is reporting $1.21, beating estimates by one penny.lso says that they beat analyst estimates. they have reaffirmed their forecast as well. let's take a look at how honeywell is trading. higher in the free market. $91 per share. let's get to other company news. we have to focus on carl icahn. he has said he is ready for a proxy fight over ebay. he is telling the wall street journal that he expects ebay to resist his proposal. paypal sales have been growing faster than the marketplace business. they have $70 billion in revenue. the founder of tesla says that he may have to build kind test china -- cars in china. they could match u.s. levels as early as next year. he says the demand in china may require them to build cars in that country. sales at starbucks also came up short. iny rose just five percent the first quarter. that missed estimates. they say that internet shopping during the holidays cut into traffic at malls. fewer people stopped by for a cup of joe. that is today's company news. >> davos is the focus for all celebrities in t