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2011年4月29日星期五
CUMULATIVE DIVIDEND INCREASES SURPASSES FULL 2010
The net S & P 500 rates indicated dividend (increases less decreases) year 20.985 billion update has just surpassed (today XOM put the) total increased 20.650 billion in 2010. Using the analogy of dividends being your pay cheque, CDA has given you a 8.20% salary increase, with 12 months 17,90% increase. However, you still 10.66% less than you were in June 2008, with my estimate that it will be early 2013 until you get the equivalent payment in your hand as you did in 2008. For the first four months of the year, the net dividend indicated increases for the S & P 500 is 148% of the period of April 2010, 4 months, with the actual amount + 13.6%.
For the full year, I expect dividend increases continue at a rapid pace, but not at the level of the last four months. If the economy continues to improve (or at least the housing and Commercial real estate is not dive), I would expect a possible second round (not that we are still made with the first) of Financial dividend increases year, with the payment increased in the first quarter of 2012.
Use the link for files, tables, and graphics div_20110427.doc
Ben Steverman of Bloomberg Businessweek focuses on the last moves on financial markets and the emerging trends in stocks, bonds and funds, always with an eye toward giving readers to better understand the sometimes confusing and often chaotic money world. Senior analyst index of Standard & Poor Howard Silverblatt will also provide its decision-making on the finances of companies and markets. One of the "Top 100 Finance Blogs" voted in 2007.
RSS feed: Investing InsightsTotal profit rises 35% on the high price of oil in the output drop
April 29, 2011, 4: 11 pm EDT by Tara Patel
(Updates with comment from analyst in the third paragraph).
April 29 (Bloomberg) - oil producer Total SA second in Europe, reported first-quarter profit climbed 35 percent as higher crude oil prices offset, a decline partly due to the conflict in Libya.Profit excluding changes in stocks and the value of a stake in Sanofi-Aventis SA increased to 3.1 billion euros (4.6 billion) ($) of 2.3 billion euros a year earlier, the Paris-based company said today. That beat the average of 3 billion euro in a survey of analysts Bloomberg. Net income reached 51 per cent to 3.95 billion euros. "It is a solid set of results, Bertrand Hodee, analyst of capital markets of Kepler that shares to"hold"rate, said in an e-mail. "Total is clearly the right to regain the confidence of investors in medium term but delivery is too far".Total joins other European producers of energy in the reports of the higher earnings on the back of rising oil prices. Royal Dutch Shell Plc said yesterday that profit rose 30 percent, as the price of Brent average of $105.52 US per barrel in the first quarter, 36 per cent more than a year earlier. Total announced yesterday an agreement to buy as much as 60 percent of the second largest manufacturer of solar panel U.S. SunPower Corp. of $ 1.38 billion.Company's production output in the first quarter DropThe fell 2% to 2.37 million barrels oil equivalent per day from a year earlier. Production was interrupted in Libya during the period and has also declined due to price effects.Shares increased by 0.2% to 43.09 euros at 10: 06 pm, in Paris. The stock is up to 8.6% this year.The company said in February that it expected output to be little changed this year due to a lull in the startups and is committed to exploring more aggressively the oil and gas. The company reversed a decline that touched a nine year low in 2009 by launching new fields and liquefied natural gas projects and has forecast growth of the average production of 2% per year until 2015. "The French company expects to start production in the area of the Pazflor in Angola in the fourth quarter".Total is actively managing its portfolio, it mainly moving toward upstream, "Director General Christophe de Margerie said in the statement of income." This includes more emphasis on "new energies" and sales of assets should be approximately $ 10 billion this year.Agreement of the SunPowerTotal to buy a stake in SunPower strengthens its operations in renewable energy. This follows an agreement in February to sell a 49% Spanish refiner Cia involvement. Espanola de Petroleos SA of 3.7 billion euros. Total is in talks to sell its Lindsey refinery to the United Kingdom after the decision of a French refinery last year.The company is working on five projects of exploration and production with Russian partners and holds approximately 12 per cent in OAO Novatek, as energy companies look in Russia to increase reserves. Total has agreed to buy the game for about $ 4 billion at a ceremony attended by Prime Minister Vladimir Putin.In March last month, it purchased a stake in Ugandan exploration blocks with China National Offshore Oil Corp. of Tullow Oil Plcpaving the way for the development of the basin of Lake Albert, after the transaction was accepted by a tax dispute. "European refining margins decreased from the first quarter, mainly reflecting the impact of the strong increase in the price of oil,"said today Total.Total said above, that benefit crude turning into fuels such as gasoline and diesel in the Northwest of Europe dropped 17 percent in the first quarter of the previous year earlier this month. Margins fell as European refiners were unable to compete with cheaper fuels of their American counterparts.-with the help of Stephen Cunningham in London, editors in Chief: Jonas Bergman, Randall Hackley
To contact the reporter on this story: Tara Patel in Paris at the tpatel2@bloomberg.net
To contact the editor responsible for this story: Will Kennedy to the wkennedy3@bloomberg.net
Costs of storm U.S. amounted to 297
At least 297 people were killed across six States - more than two-thirds of them in Alabama - as the most deadly of America tornado outbreak in nearly four decades pulverized neighbourhoods together.
Firefighters searched a heap fragmented after another for the survivors of Thursday, combing the remains of houses and neighbourhoods in large cities who wore the scars kilometres wide, spirals left behind.
The number of dead from the storms on Wednesday out of a bygone era, prior to Doppler radar and satellite pinpoint forecasts were around to warn communities of severe weather. Residents were informed the tornadoes came up to 24 minutes in advance, but they were simply too large, too powerful and too locked areas populated to avoid a horrible count.
"These were the most intense thunderstorms super-cell that I think that anyone who has been out there prediction has ever known,", said meteorologist Greg Carbin Storm Prediction Center of the National Weather Service in Norman, Oklahoma.
"If you experienced a direct hit from one of them, you will need to be protected from the storm, underground or a reinforced room" to survive, Carbin said.
Storms seemed to embrace interstate highways as they tonnelés along as runaway trucks, erasure of neighborhoods or even any cities of Tuscaloosa in Virginia. A family is mounted on the disaster in the basement of a funeral home, another by huddling in a tanning bed.
Concord, Alabama, a small town outside of Birmingham was ravaged by a tornado, Randy Guyton family received a telephone call from a friend warning to cover. They rushed to the garage in the basement, stacked in their car and listening to the ROAR as the tornado devoured the House in a few seconds. Later, they saw advanced through the shards of their home and scrambled out.
"The whole of the House collapsed car," said. "Other than my shouting boy the Lord to save us, being in this car is what saved us".
Alabama Governor Robert Bentley said that his State had confirmed 210 deaths. There are 33 dead in Mississippi, 33, Tennessee 15 in Georgia, five in Virginia and Kentucky in a single. Hundreds, even thousands of people were injured - 600 to only Tuscaloosa.
Some of the worst damage was in Tuscaloosa, a city of more than 83,000 either is home to the University of Alabama. Storms destroyed the centre of emergency management, so Bryant-Denny Stadium school has been transformed into an a fortune. Officials of the school said two students were killed, although they did not say how they died. Finals were cancelled and entered into force was postponed.
A new tower-mounted camera he captured images of a tornado surprisingly thick, powerful, throwing debris that it levelledneighbourhoods.
Wider than normal
Twister and other Wednesday were several times more serious that a typical tornado, which is hundreds of meters wide, winds about 160 kilometres per hour and remains on the ground for a few kilometres, said meteorologist research Harold Brooks at the Storm Prediction Center.
"There is a fairly good chance some of them have been a mile in width, the field for tens of kilometres and had wind speeds over 200 mph (320 kph)," he said.
The loss of life is the largest of an outbreak of tornadoes U.S. Since April 1974, when the 329 people were killed by a storm that swept the 13 southern and Midwestern States.
Brooks said the tornado that hit Tuscaloosa could be a réévalutaion - the highest category of the tornado, with winds of more than 322 km/h - and was at least the second category, an EF4.
The Associated Back press folders of accessibility linksTrump singed on birther gambit Obama
A full-throttle reaction against Donald Trump grabbed the United States on Thursday, with everyone from activists of the civil rights respected journalists and a favoured son Tea Party piles.
Even the usually unflappable Trump see accusations, that it was racist to raise questions about diplomas and Barack Obama on the heels of suggest that the President was not born in the United States.
Used to be the subject of ridicule, widespread in the 1980s, when Canadian Graydon Carter spy magazine he skewered happily as a "vulgarian rights court", Trump has since created a large fan and a grudging respect for his keen sense of business because of his TV réalitéL show ' apprentice.
But there is little love for Trump Thursday, the day after the White House pulled birth certificate for the long-form of the President after that billionaire revitalized the debate of what is called birther. The standard form of the document was released three years ago.
Trump took credit for the move of the White House, and then proceeded to his line of attack by suggesting Obama was academic fraud who did not have the qualifications to Harvard. He seemed to be a reference to the policies of affirmative action in the country, hated by many Republicans.
This new front in battle prompted a scathing rebuke of Bob Schieffer, a journalistic respected veteran of the United States which has covered national politics for decades.
"It is a code just to say: it is mounted in the school of law, because he is black," Schieffer said on the CBS Evening News. "This is a ugly racism strain that runs through this thing."
Jesse Jackson and other civil rights activists also have positions of the Trump suggested on the issue of the birther smack of academic authenticity of the Obama of racism. A white President, they point out, has never been hunted by questions about his hometown.
A day after the remarks of Schieffer, Trump appeared taken interloqué.
"This is a terrible statement to a news anchor to do", Trump said when reached by TMZ gossip Web site. "I am the last person who should say such a thing on."
But for the first time since the beginning of the Trump take ostensibly for a race for the Republican presidential nomination, it seemed that he blushes first. The man known as "the Donald" walked back his latest attack of Obama.
"Grades are the least important aspect of someone being President", he told TMZ. "It is not something big for me."
The reaction has been brewing even before a frustrated Obama, denouncing the "Carnival Barker" who wrongly insist he was not born in the United States, appeared in the briefing room of the White House to express its dismay that questions on place of birth has continued to dog.
Liberal of Celebrity Apprentice fans stopped would have been watching since Trump began flying the flag birther and therefore to obtain ratings of the show, the Atlantic reported Thursday, citing demographic research provided by the National Media Inc..
Expert curators such as Karl Rove and Charles Krauthammer were contemptuous of the potential of the Trump run for President for weeks. And in private, Republicans have been appalled by how much attention, it was diverting to other, more legitimate, potential candidates who may chance to beat Obama in 2012.
Trump has been at the top of opinion polls, leading other potential Republican candidates.
But Paul Rand, a beloved child of Tea Party movement - whose adherents believe much Obama was not born in the United States - said number of Trump will fall when Republicans learn that he has donated more money for the Democrats that the GOPincluding Harry Reid, the leader of the Democratic majority in the Senate.
Paul has launched a challenge to Trump Thursday in the comments of the public who are among the first to spring to the mouth of a large Republican publicly.
Kentucky Senator opened a breakfast speech to New risk to require the Trump Republican titles.
"I want to see the original long-form certificate of Republican nomination of Donald Trump," he said to laughter from the crowd. "To seriously...". I want to see the original of the long-form certificate, with the seal in relief, of the Republican registration of Donald Trump. ?
He has even a jab to Trump on Obama attacks while ridiculing his simplistic ideas on how to deal with the soaring price of gasoline.
"He always complained on the education of the President", Paul said to journalists covering the event in Concord, N.H.
"What economic school teaches you that you may have a bully for a President who sets the price by saying simply the country what is the price that they should require." That shows me an economic simplicity that can really not be equivalent to the stature to be President. ?
Accessibility linksCalifornia, Texas and payroll of workers of the State
By David Mildenberg and James Nash
California prison guards are two times more than their counterparts in Texas $ — 71 000 per year, compared to $31. The difference is true for workers of the State in General: while in 2009, the average worker of the private sector in California is 12.5% more than in Texas, the disparity between the workers of the State was 25.2%, according to figures from the Ministry of Commerce of. The difference highlights the benefits - and the taxpayer - work in a friendly union of State and may help explain why California has budgetary problems more intractable than Texas. Although Texas has a budget deficit of $ 4.3 billion this year, it has the credit rating of Standard & Poor (MHP) second. California has the lowest rating of any State and is struggling to fill a $ 15.4 billion deficit this year.
The difference in pay of State workers can be explained in part by cost of living California, which is almost 15% higher than in Texas. Yet the power of collective bargaining is even more important, said Oran McMichael, an organizer of long date labor in Texas. Other than the Court and the legislative function, unions represent 85% of all workers in the State of California, said Lynelle Jolley, a spokesman for the staff Administration Dept. the State then that Texas does not have the figures for its employees, trade unions, the proportion is probably less than 10 percent, said State Auditor John keel.
Higher wages mean higher pensions. Retired from the Texas teachers get an average of $18,372 per year, compared to $25,440 for California teachers. Allocation average for the employees of the former State Texas rose 3.9% in the five years through fiscal year 2010; in California he rose 32 percent from 2004 to 2009, according to larger pension in both States.
The contrasting experiences of Texas and California can provide lessons for States such as Ohio, New Jersey and Wisconsin, where Republican Governors have placed emphasis on costs down employment taxes while balancing the budgets of curb. State workers in California and Texas are targeted for cuts, even if the pressure is more intense in the former. Employees state he did not receive an overall increase from 2009 and are now required to take an unpaid day off the coast of every month, explains Jolley.
The salary increase, however, is a more consistent workforce. Turnover rate of 10 percent of the California prison guards is about half the level that it is in Texas. "Our people see their work in a career, not just as something to have until something better comes along," says Ryan Sherman, a spokesman for the California Assn. Correctional of agents of peace in Sacramento.
The bottom line: In California, where more than civil servants are covered by the trade unions, made wages higher than in Texas and a pension burden.
Mildenberg is a reporter for Bloomberg News. Nash is a reporter for Bloomberg News.Economic facts Vanishing
Justin Fanti
By Soto HernandoIn the second half of the 19th century, the major global economies have endured a series of brutal recession. At the time, most forms of reliable economic knowledge were organized in relations feudal, heritage and tribues. If you want to know who owned land or a debt, it is saved locally - and very probably from outsiders. At the same time, the world was in full expansion. Travel between cities and countries has become the most common and global trade has increased. The result was a huge gap between the old, fragmented social order and the needs of a market economy globalizing and growing.
To avoid the breakdown of the industrial and commercial progress, hundreds of reformers creative concluded that the world needed a common set of facts. Knowledge must be gathered for the occasion, organized, standardized, registered, continuously updated and easily accessible - so that all players in the world of the enlargement of markets could, under the terms of the champion of the free banking of France Charles Coquelin, "pick up thousands of filaments which create companies between them."
The result was the invention of the first mass "systems of public memory" to record and classify - in records of rule-bound, certified and accessible to the public, titles, balance sheets and statements of account - all available relevant knowledge, if intangible (stocks)(, actesgrands books, contracts, patents, companies, and promissory notes, commercial paper), or tangible (land, buildings, ships, machinery, etc.). Knowing who owned and backwards and fixing these information in public documents, allowed investors to deduct the value, take risks and monitor the results. The final product was a revolutionary form of knowledge: "economic facts".
Over the past 20 years, the Americans and Europeans have quietly passed on the destruction of these facts. Systems which could provide Governments with the means to understand the global financial crisis - and to prevent another - and markets are being eroded. Governments have allowed the shadow markets develop and attain a size beyond understanding. Mortgages have been granted and registered with this inattention that owners and banks often does not know and cannot prove ownership of their homes. A few decades Western undermine the 150 years of legal reforms that made possible the world economy.
The results are hardly surprising. To the United States trust is broken in between banks and holders of mortgages; between arresting officers and the courts; between banks and their investors - even between banks and other banks. Overall, credit (from the Latin "Trust") continues to run regularly, but closer examination shows that a contract of non-governmental credit. Private lending fell from 21 per cent since 2007. Outstanding loans to small businesses last more than 6% last year, while loans to large enterprises, measured in commercial loans in addition to $ 1 million, declined by 9%.
The importance of the economic facts may not be obvious to Americans. "That fish knows on the water in which it swims?" asked Albert Einstein. But it is easy to grasp in the perspective of the developing countries and former Communists where I live and work. In these countries, most of our assets and relationships are in the informal sector, outside the legal economy. Because they are not saved in memory public systems, they cannot be written as facts and are, indeed, invisible. We do the shadow markets.
Without standardization, the values of assets and relationships are so variable that they can not be used to ensure the credit, to generate mortgage loans, and to group them in securities, to represent the shares to raise capital. Neither them they correspond to the standard slots required to enter global markets. That is why credit crunches and massive unemployment are chronic diseases for most of the people forced to operate in the informal economy. It is those who you see for protesting in the streets of Arab countries or living in tents around Port - au-Prince. We do know that too well that the facts speak for themselves: they must be built through legal and kept process transparent. They must be defended, too.
Winds kill man, create chaos across Ontario.
Winds gusting up to 120 km/h swept the South and East of Ontario, and then shelling Quebec on Thursday, killing at least one person, injuring a dozen boats capsizing and hitting power of approximately 300,000 households.
Environment Canada has issued a warning of winds just before 11 o'clock in the morning, with winds reaching the region of Niagara, Hamilton, Toronto and the north shore of Lake Ontario in Prince Edward County.
Winds were blamed for a death in Grimsby, Ontario, approximately 30 kilometres east of Hamilton. The Niagara Regional Police stated that a man to the sound of the 1970s was killed when he was hit by a flying garage, which had supported against a hangar door before the wind came out. The man lives on the property.
At least a dozen other people have been injured in Ontario and Quebec.
The Burlington Skyway Bridge and the bridge of the Garden-City of St. Catharines were closed for a few hours winds. Both were reopened later in the day.
In Hamilton Harbour, approximately five boatfuls of student rowers were rescued after at least seven vessels capsized.
Wind Warning ended at about 1 p.m.
Hydro crews worked to restore the power of 150 000 homes across the province, said Nancy Shaddick of Hydro One.
"Situation, power can be restored quickly or rerouted to bring power to a lot of the community," she said.
Power lost about 20,000 in Ottawa, who also felt wind and Hydro Ottawa said it would be switching to a backup system to restore electricity as soon as possible.
Horizon utilities said some 30 000 of its customers without power in St. Catharines, with approximately 6 500 in Hamilton.
"Winds toppled poles and overthrown son and trees falling on the son, said Tony Iavarone, spokesman for the company." It is now extinct in Hamilton, but in St. Catharines, we see even more natural. ?
Students at St. Lockview public school Catharines were forced to leave the building after wind gusts uprooted a part of the roof of the school. No injuries have been reported.
Trucks overturned and debris caused delays on the Queen Elizabeth Way through the Niagara region.
Garbage was put on hold in the region and landfills are closed.
Police were warning drivers to use caution and invites everyone to be careful after reports of fallen power lines and trees.
High winds overturned this sign parking in downtown Toronto on Thursday. (Jamie Strashin/CBC News)In Toronto, waves up to three metres high were spotted on the shores of the Lake and the Boulevard Club, located on the Lake directly south of the Roncesvalles Avenue, was forced to close due to flooding caused by the high waves.
The docks of the club also suffered damage from high waves.
Toronto fire crews were busy answering calls on power lines have fallen and Twitter users called Toronto "city of winds" in the messages displayed on Thursday morning.
Environment Canada also issued a warning for a large part of Quebec on Thursday, warning of wind gusts up to 90 km/h.
Winds eliminated the power of at least 155 000 customers in the province in the afternoon.
Outages were reported in the Outaouais, on the South Shore, Laval Laurentides, the Eastern Townships and Central Quebec.
Records of the Canadian Press return to the accessibility linksCUMULATIVE DIVIDEND INCREASES SURPASSES FULL 2010
The net S & P 500 rates indicated dividend (increases less decreases) year 20.985 billion update has just surpassed (today XOM put the) total increased 20.650 billion in 2010. Using the analogy of dividends being your pay cheque, CDA has given you a 8.20% salary increase, with 12 months 17,90% increase. However, you still 10.66% less than you were in June 2008, with my estimate that it will be early 2013 until you get the equivalent payment in your hand as you did in 2008. For the first four months of the year, the net dividend indicated increases for the S & P 500 is 148% of the period of April 2010, 4 months, with the actual amount + 13.6%.
For the full year, I expect dividend increases continue at a rapid pace, but not at the level of the last four months. If the economy continues to improve (or at least the housing and Commercial real estate is not dive), I would expect a possible second round (not that we are still made with the first) of Financial dividend increases year, with the payment increased in the first quarter of 2012.
Use the link for files, tables, and graphics div_20110427.doc
Ben Steverman of Bloomberg Businessweek focuses on the last moves on financial markets and the emerging trends in stocks, bonds and funds, always with an eye toward giving readers to better understand the sometimes confusing and often chaotic money world. Senior analyst index of Standard & Poor Howard Silverblatt will also provide its decision-making on the finances of companies and markets. One of the "Top 100 Finance Blogs" voted in 2007.
RSS feed: Investing InsightsThe U.S. at risk without majority border accord: Harper
Canada needs a strong conservative majority to protect trade relations with the United States, Stephen Harper said Thursday, adding that an agreement of border security with the neighbour to the South of the country is also at risk.
The Conservative leader said that without a Conservative Government: "the vision of the border would be dead."
The border agreement signed earlier this year by Harper and U.S. President Barack Obama was intended to support security at the border while foster trade and economic growth between the two countries.
"One in five jobs in the Canada is tied to trade with the United States," said Harper, who was in Niagara Falls, to talk about the importance of international trade with the United States and its commitment to the signing of new trade agreements.
The deal "will help to reinforce and strengthen our trade relations to complement the economic recovery and create jobs."
But the Union representing customs and immigration officers breakdown Harper Thursday, saying that it has closed the local centres of intelligence, points border land of entry and reduced opening hours.
"The Harper Government has previously prioritized effective border security in the course of the bureaucratic indifference, that is why their counterproductive acceptance of these decisions is so disturbing," Customs and Immigration Union said in a statement.
"I hope that this leadership will be once more demonstrated in concrete actions and not words;" This is what Canadians deserve.
The Conservative leader has also used his liberal message distance once more his party from the NDP, saying that his opposition to foreign trade agreements is "ideological" and his point of view "have not changed since the cold war."
"The NDP opposed every trade agreement that we signed" said Harper.
Harper moves his message of the campaign to focus the attack on "a coalition of opposition led by the NDP."
Until now, Harper has spent the campaign pitching its curators as an alternative to a coalition of the opposition Liberal leader Michael Ignatieff-led parties.
Harper continues to highlight the message that the Canada is in need of a strong majority, but surge to campaign for the end of the NDP in the polls apparently forced Harper to change its main target.
Harper said the choice is between a conservative majority government and a Parliament led to the minority, which he said would raise taxes and spending.
"It would be this huge step backwards, and Canadians must understand how radically different choices are really when you are looking to two parliaments, with a conservative majority, the other a minority Parliament with a rickety coalition, led by the NDP which will not last."", but that will do many things of destruction" said harper.
Harper also criticized plan of the NDP for a system of limits and Exchange, stating that their proposal would hike to the rising prices at the gas pump
"The NDP proposes 20 billion dollars in carbon taxes," he said. "It is at least 10 cents per litre gasoline and many other big increases in consumption".
Harper appeared to be referring to the figures cited by the economist Jack Mintz, who tweeted Thursday a ""NDP CAP and Exchange at $40 per tonne of carbon will be a 10 cents go hiking in the gasoline tax. ""
Mintz is found by his calculations after a history of Globe and Mail said later that his characters were based on the erroneous assumption that the NDP would include fossil fuels using consumers.
"Cap- and -Exchange on the refining will certainly increase the price of gas." Let's get realistic, "tweeted Mintz."
During this time, Layton shot back that gas companies are undue Canadian and that Harper has done nothing to stop it.
It suggested to toughen up laws on competition and establishing a special mediator to put pressure on oil companies.
"We want to start with competition law," said Layton. "It is what we first of all because it is not used correctly." Mr. Harper has clearly no desire to go after the oil companies. "He is too busy giving them subsidies."
NDP leader, Jack Layton poses with Jacq Brewer at a stop of the campaign in Yellowknife Thursday (Andrew Vaughan/Canadian Press)Recent public opinion polls have shown that the Conservatives and the Liberals are all two losing support to the NDP.
The NDP has moved into second place in most national polls behind the conservatives.
That change also caused the Liberals aim their criticism more marked in the NDP.
Even former Prime Minister Jean Chrétien used his speech on Wednesday to take a jab at the NDP.
"And I checked the program of the NDP," said the former Prime Minister.
"Nobody had read until a few days ago.". Apparently this is not adding up. ?
Records of the Canadian Press return to the accessibility linksWife of the victim was a witness of murder of Surrey: police
Police said they plan to talk again about a woman who watched with horror that her old husband of 30 years was shot and killed Wednesday night in Surrey.
Homicide investigators say that the woman told police a white SUV that collided with the Lexus couple as she changed lanes on the 128 Street near Avenue 68.
The husband is out of the car and was shot as he approached the SUV. He was hit by at least a ball, ran on the sidewalk and collapsed, police said.
When the police arrived, they found the man in serious medical distress. Despite attempts to save him, he was pronounced dead on arrival at a local hospital.
Name of the victim was not released, but wife of the victim, who was on board the vehicle in the incident, was questioned by the police.
Police are now seeking to a South Asian man who was seen leaving the area in the white SUV.
"Driver of SUV, regarded as a man of South Asia, was seen leaving the South of the zone on 128 Street by 64 Avenue", corporal Dale Carr of the integrated Homicide investigation team said in a statement issued Thursday morning.
"The suspect vehicle is described as a white vehicle, SUV Ford Explorer-type with trim on the bottom of the vehicle in money" he said.
Police are still investigating if the murder was the result of the road-rage, but Carr said that it does not appear the victim and the gunman knew each other, and police have found no link with drugs or gangs so far.
"We want to establish what had happened before the collision," he said.
"Police is seeking to speak to someone who may have seen an erratic driver in a white SUV between 11 p.m. and midnight in the area of Newton from Surrey," said Carr.
Carr, said the woman remains traumatized and investigators are also sensitive to what they may be when dealing with someone who has witnessed the death of a loved one.
Manbir Kajla, right, was shot dead after a traffic accident minor while in a car with his wife, Pavan Sanghera Kajla, on the left. (Facebook) "treat us very, very carefully." We succeed in services to victims, we manage all services to the victims that they need, and we ensure that they are care, and then we're going to spend a visit later in the day or even the next day to sit down with them.
"It is important, they get the care, but it is also important that get us the information we need to go to the bottom of this."
Investigators will spend the day proceed to an examination of crime scene and carry out door-to-door investigations.
Vehicles and pedestrians will be affected by North and road closures South Avenue between 68 and 70 Avenue on 128 Street.
The shooting occurred in front of the House of Bobby Sangha, just metres away from the nursery where his 11-month-old twin children were sleeping.
"It's a bit of anger, why in this street". A little frustration too. And a little of what is happening in this country. Why are we just shooting the other in the middle of the street? It is the Canada by the love of God, "he says.
Meera Bains return records the CBC links to accessibilityYuan breakthrough 6.5 per Dollar for the first time since 1993
April 29, 2011, 4: 46 pm EDT by Bloomberg News
April 29 (Bloomberg) - Chinese yuan strengthened beyond 6.5 per dollar for the first time since 1993, supported by the Central Bank will allow assessment help control inflation fastest since more than two years of speculation.
The seventh weekly gain of the currency, the longest series of victories since July 2008, can wet critical U.S. before China's exchange rate policy of Vice Prime Minister Wang Qishan heads to Washington the month next for talks with the Secretary of the Treasury Tim Geithner. Consumer prices in the largest economy in Asia reached 5.4% a year earlier in March, exceeding the target of Government 4% this year. "Inflation is still higher than what the Government wishes to see, said David Cohen, an economist based in Singapore economics of the Action, who worked for the Federal Reserve. "The Central Bank is tolerate faster currencies to contain import costs.The yuan strengthened 0.16% to close to 6.4910 per dollar in Shanghai, earlier to reach a maximum of 17 years of 6.4892, according to the China foreign exchange trading system. It increased by 0.9% this month, the better performance of 2011. In the offshore market in Hong Kong, the currency has jumped 0.28% to 6.4645, the largest gain of Bloomberg data dating back to August 24 Bank of China has set the yuan to 6.4990 reference rates every dollarthe strongest level since July 2005. The currency is allowed to trade in 0.5% on each side of the official rate.Dollar SlideTwelve month non-deliverable forwards rose 0.22% to 6.3095 per dollar as of 4: 40 pm Hong Kong, negotiate a 2.9% of the spot onshore rate premium, according to data compiled by Bloomberg. Local billionaire Li Ka-shing Hui Xian Real Estate Investment Trust, first quoted shares denominated in yuan city, began to trade today.The "exceptionally rapidly" gains yuan confirms that the yuan is used to combat inflation, Dariusz Kowalczyk, Economist at Credit Agricole CIB in Hong Kong, wrote in a note to clients today. He said that there may be a "sharp gain" once 6.50 was raped and recommends the purchase of the yuan against the greenback with non-deliverable forwards.The dollar weakened earlier this month against all 16 major currencies monitored by Bloomberg that the Fed has maintained a reference near zero interest rates and boosted the supply of U.S. currency by purchasing Treasury billsa policy known as quantitative easing, which is defined at the end of June. "Managed discretion ' A halt to the purchase of the Treasury of the Central Bank of the U.S. will relieve the pressure for gains of yuan, Huang Zhilong, a researcher with the China Trade Centre International, wrote in a commentary published in today's China Securities Journal. The Centre is affiliated with the national development and reform of the economic planning agency top Chinese Commission.Chinese officials said the Senate majority leader Harry Reid and nine other senators who visited China this month above that the yuan "managed assessment" will continue on April 26 on the site Web of Reid according to a statement. Senators called at the discretion of "more aggressive", said the statement. The Group met with leaders including Vice President Xi Jinping and Bank of China Governor Zhou Xiaochuan.New York Senator Chuck Schumer popular, who was on the trip, said yesterday the talks convinced him to grow with more than force for legislative action to curb manipulation of yuan gives Chinese exporters an unfair advantage. Geithner Secretary of the Treasury and Secretary of State Hillary Clinton are due to meet with the Chinese Deputy First Minister Wang and State Councillor Dai Bingguo during the annual U.S. - China strategic and Economic Dialogue was held from 9 to 10 may in Washingtonthe US State Department said this week.Appreciation of the currency of the U.S. - China TalksChina often gathers pace with the approach of talks of high level between the two nations. More great weekly advance this year, 0.58% was registered in the week that ended on 16 January, before Presidents Hu Jintao and Barack Obama met in Washington on 19 January. The yuan strengthened 1.4 percent in the month before Obama discussed monetary policy with Prime Minister Wen Jiabao in New York on 23 September. "" Still allows the yuan appreciate faster until they meet the United States, China ", said Kenix Lai, an analyst with foreign exchange in the Sun Hung Kai Securities Ltd. in Hong Kong. "It is as a gift to cultivate an atmosphere for meetings." This period is no exception. "Commerce Department China said on 22 April that there was"relatively wide"pressure of the yuan appreciate, noting that gains currency had an impact on export controls. Country imports exceeded sales abroad by $ 1.02 billion in the period from January to March, the first quarterly trade deficit in seven years, data Customs Office show April 10 smaller exporters "a one-time revaluation is definitely impossible because it will be devastate smaller exporters which are at the edge of life" "and death," said Zhao Qingming, senior analyst from Beijing to China Construction Bank Corp., the country of the second - most large lender. He found the yuan rise by about 7 per cent against the dollar for the whole of the 2011.The yuan grew 1.5% so far this year and will strengthen an another 3 percent to 18 h 30 per dollar at the end of DecemberAccording to the median estimate of 25 analysts surveyed by Bloomberg. It is the largest gain for 10 most used currencies Asia, according to polls.-Publishers: James Regan, Fri Ram
To contact the reporter on this story: Li administration in Hong Kong to fli59@bloomberg.net; Judy Chen in Shanghai to xchen45@bloomberg.net.
To contact the editor responsible for this story: James Regan at Jregan19@bloomberg.net.
GroupOn do Place ads on the Site of "Apprentice".
By Douglas MacMillan and Andy Fixmer
(Bloomberg) — Groupon Inc. said it won't ads appear on the site Web of The Apprentice after customers complained about political opinions from Donald Trump, the real estate developer who stars on the NBC television show.
Groupon is not a sponsor of the show, its ads appear occasionally on the linked site, Julie Mossler, a spokesman for Chicago-based GroupOn, said in a statement.
"Enough consumers contacted ads us to justify to ensure that we put on the homepage of"the apprentice"in the future", said the statement. "This is not a political statement, it is to avoid intentionally disrupting a segment of our customers.
Trump, who is considering a race for the White House, called the President Barack Obama to present documents proving that he was born in the United States, joining the ranks of the so-called birther movement which challenges his citizenship. The President released a copy of his long-form birth certificate, this week, denouncing the "déconne" debate.
Rebecca marks, a spokesman for NBC Entertainment in Los Angeles, did not immediately comment yesterday. NBC is controlled by based in Philadelphia Comcast Corp. Cathy Hoffman Glosser, a spokesperson for the Trump Organization, New York is a not immediately return a message left after business hours.
Activist policy site ThinkProgress yesterday had induced to regroup on withdraw its ads appearing in connection with the Trump properties.
Australian gold LLC, a manufacturer of sun care products based in Indianapolis, is among the companies that sponsor the apprentice, a version of the show which features entertainers to stay in the running employed by Trump as they raise money for charity.
The company does not plan more advertising for the show and sponsored by a single episode said Martha Miller, an Australian spokesman for gold. She said plans for advertising are not related to the views of the Trump and that the company had not received complaints about the Trump.
With the help of Adam Satariano in San Francisco.
After the Tsunami: Nothing to do than start over
Kenji Sano, 80, in his shop in Kamaishi, the Japan, on March 30, Giulio Di Sturco
By Charles Graeber(Corrects the measurement of annual earthquake in Kamaishi at paragraph 15).
Kenji Sano was two years old the first time his house was destroyed. His family had a small house of wood and rice paper of Kamaishi, right on the main street of the city, parallel port and the ancient furnace which produced iron used in all, swords of samurai of rails for high-speed bullet trains. Sano hidden in the Middle tombstones, Buddhist Hill clutches her mother as the tsunami of March 3, 1933, swept his town. Later, on the place where his mother helped help burn the bodies recovered from the wreck, the survivors placed two steel Bodhisattvas, commemorates the high water line. Kenji-san just sitting in front of the Arch of the door of the temple, look at the smoke.
It was different from the next time. The difference of the tsunami, who unpacked wooden houses, leaving scattered - all - things, clean burned American bombing, leaving only ash. Three weeks after the home teen Sano had been cremated, August 8, 1945, bombing began again. An atomic bomb fell on the South of the city of Nagasaki the following day. No there is no bombs after that. Kenji has contributed to his father and his brother rebuild. Their was a small place, any more than a shack, but enough. There was nothing to do than start over.
After the war, Kamaishi flourished. Furniture factories and mills processing of seafood, a granary and farm fish, rows of restaurants and a maze of a tavern room, all giving an international port occupied and protected by a massive breakwater. Tsunami experts from around the world have estimated Kamaishi to have the best harbor protection anywhere; According to the Guinness Book of Records world, 207-foot-deep, breakwater inhabitants feet in length is also the largest in the world. Built at a cost of 165 billion yen ($2 billion), it took 30 years to build and was completed in March 2009.
For decades, Kenji Sano could see the breakwater takes form on his daily in the morning go hiking in the mountains of Rikuchi, which sandwich Kamaishi (of 40 000 inhabitants) against Pacific. Even at 80, Sano took to the foothills in the early hours, sometimes with his wife, often only the point of view of his native city below. If he travelled far enough, he could visit with a God.
The Kannon deity, more than 100 feet high and cradling a fish, was on the ridge overlooking the sea - s Kamaishi unofficial patron saint and a tourist attraction in 41 years. The Bodhisattva of compassion was built on the mountain which overlooks the Bay of Kamaishi, a prayer in reinforced concrete. "Be calm," Kannon implored the Pacific. "Don ' t rage".
March 11, Sano began early as usual, leaving a house occupied with three generations of its manufacture. He slipped past his teenage, Ayumu grandson, who was running a finger in a book for the next University entrance examination; past where the wife of his son, Hiromi, kneeling on the ring of cooking a meal School of rice for his boy, Hiroyuki; and in the stairwell of his shop, where his son aged 44 years, Shigeru, was sweeping the stoop.
For 60 years, Kenji had executed Sano liqueur, a wholesaler, a package store and a bar on the corner of streets Oodori and Aoba, main intersection of Kamaishi, on the ground floor of the House. Sano alcohol was the kind of place of daily meeting vital for any city. He was known to sailors from around the world, too. Kenji shot his surgical mask and exchanged a few quick nods with Shigera and led to Oodori Street and in the light of the morning.
Walking stick carved of Sano clicked on the sidewalk as he signalled his traders neighbours - the mother and the daughter of the bakery nearby; his friend the dentist, whose wife had Parkinson's disease; the old pharmacist, walk quickly in his denim floppy Hat; Yuko Kariya, the woman who owned the café Jazz tidy by Aoba Park. Kamaishi, everyone knew Sano.
China says Won Population war, in turn to aging
April 29, 2011, 4: 26 pm EDT by Bloomberg News
(Adds analyst comment in the sixth paragraph).
April 29 (Bloomberg) - China declared victory on the rapid growth of the population such as the release of its decennial census reported that the focus will turn to the management of the impact of a faster than expected in the number of elderly people.China had 1.34 billion people to 1 November, Beijing - based National Bureau of Statistics, said yesterday. Although still the most populous country, the birth rate higher than the India 1.2 billion people it puts to the title when the South Asian nation holds its next census in 2021.Success by limiting the growth of the population through the policy of the child a three decades-old presents the Chinese leadership with another problem as the swelling ranks of retirees create pressure to strengthen social security and programs pose a risk to the economic growth required to finance. The over-60-s make up 13.3% of the population, 1 percentage point higher than forecast and the other half as much as in India, the United Nations data show yet. "The population of working age is scheduled to begin within the next three or four years, said Jim Walker, Director General of base of Hong Kong Asianomics Ltd. and former Chief Economist at CLSA Asia-Pacific markets. "These 9, 10 percent people are accustomed to rates of growth are not sustainable for very long."Investors should put their money in countries where the prospects for return on equity are highest, such as the India, Indonesia, Thailand, Malaysia, and the Philippines, said.Trends ContinueEconomic growth will slow "as demographic trends continue, stressing the need to rebalance the economy over the next decade to prepare for such a transition," analysts RBC Capital, including Hong Kong Brian Jackson-based marketswrote in a report released today. Growth likely slowed to 8-10% over the next 5 to 10 years, average 11.2% over the past five years, they said, citing Government officials.India exceed China economy to the faster growth in 2013 it adds six times more workers to its pool of hand work, Morgan Stanley said in a report last year. Persons aged 14 and less make up 16.6% of the population of China, a decline of 6.3 percentage points since the 2000 census. Almost one in three Indians are in this group, Bloomberg data show.China risks with support retirees to levels of per capita wealth which are only a fraction of the ageing of developed countries and needs a better system of pension to avoid what Goldman Sachs Group Inc., said the more danger in older "before becoming rich."Tax pressure "the ageing of the population is set to add the tax pressure on the Government, in the medium and long term which makes it imperative to put in place a well-functioning pension and health care system as soon as possible""," said Chang Jian, an economist Hong Kong-base of Barclays Capital, who has previously worked at the World Bank and the Monetary Authority.With of Hong Kong, more than 3 billion in currency reserves, the Government "a deep pockets now" and should be able to manage the ageing of the country as the rate of economic growth remain élevésChang said.China slowdown in growth of the population is a product of its system of family planning and the control policy of city dwellers to one child per woman, Ma Jiantang, head of the National Bureau of statistics, told journalists in Beijing yesterday. "The annual population growth was 0.57% between 2000 and 2010, the half of a percentage point less than the annual growth of 1.07% between 1990 and 2000, according to census figures."Our national policy of family planning database has been well developed too fast population growth dynamics and implementation is indeed under control, Ma said. However, the proportion of people over 60 years was 2.9 percentage more than 2000 points, and this trend is "gradually accelerates," according to the bureau of statistics.UBS, BlackrockThe hundreds of millions of workers China trillion will need in retirement can be a boon for global lenders and asset managers.UBS AG, Blackrock Inc. and State Street Corp. help the China to invest social security National Fund assets abroad, according to the Monetary Fund International. Pension fund national 856.8 billion yuan ($131.8 billion) of China might increase its global investment and has 18 billion yuan invested private equity funds, Wang Zhongmin, vice President of the National Council of social securitysaid March slows the growth of the population of the 30. like China, it becomes also more urban. City dwellers grow 665.6 million last year, more than twice the population of China to the United States is close with the most people in the cities than in villages for the first time in its history. The urban population represents 49.7% of the total, 13.5 percentage points higher than ten years, the NBS said.Contradictions, child policy a ChallengesThe, which resulted in millions of female fetuses aborted, led the men that make up 51.3% of the population, with 34 million more men than women. Most countries have more women than men, including the United States, where 50.3% of the population was a woman in 2010, according to U.S. Census data.Census figures show that "we still face some contradictions and challenges in population, economic and social development," including an aging population and a "report of imbalance between the sexes", said Ma.Chine is possibly move to a policy of two childrenthe China Business News reported yesterday, citing a person not identified close to decision makers. Farmers and national minorities can often have a child, and rich people can pay fines for a second or third child.Investors have overlooked the implications of the changes in the profile of the Chinese population "because of the extreme emphasis on growth" said Kirby Daley, Senior Strategist with brokerage first the Newedge group company based in Hong Kong. "Population issues can avoid at this stage." They are not reversible. ?-With the help of Daniel Ten Kate in Bangkok and Michael Forsythe in Beijing. Editors: Ben Richardson, Mark Williams
To communicate with the staff of Bloomberg News for this story:
To contact the editor responsible for this story: Paul Panckhurst in the ppanckhurst@bloomberg.net
Journalist CBS Logan speaks of brutal assault
Correspondent of CBS that Lara Logan, said she believed that she was going to die while she was being Tahrir Square, sexually assaulted and beaten in Egypt.
Logan spoke out Sunday on 60 Minutes CBS of the assault, which happened while it was reported the political upheaval in that country. It developed on a crowd of several hundred men.
She stated in an interview with Scott Pelley that "there was no doubt in my mind that I was dying." I think not only I will die, but it will be just a torture death that will last forever. ?
After being rescued, she returned to the United States and was treated in a hospital for four days.
Accessibility linksMeteors from Halley's Comet
27 April 2011: Looking for an adventure? You get up in the early hours of the morning may 6th and head in the country, far from the lights of the city. You are not alone. The birds are up and singing about the coming dawn, and, of course, about the ETA Aquarid meteor shower.
"The ETA Aquariids are best from the southern hemisphere, but it is something special no matter where you life:" each ETA Aquarid meteoroid is a piece of Halley's Comet a kamikaze death do diving, enters the atmosphere, "NASA explains astronomer Bill Cooke.""Many people have never seen, famous Comet, but on the morning of 6th may leave see bits of fiery trail across the sky."
A Messenger from the dawn of the universe, Halley's Comet orbits the Sun once 76. Every time it evaporates from the Sun, swings solar heat about 6 meters of ice and rock from the core. The debris particles, the size of the grains of sand spread over the Comet orbit, filled it with tiny meteoroids.
"Although Halley's Comet deep in the outer solar system at the moment is and not until 2061 to Earth will return us twice treated our planet through the debris cloud, passes to meteor shower in the year" says Cooke. "In we need the ETA Aquariids, and in October the towns of Orion."
And there is something about the 2011 ETA Aquariids of particular importance.
"This is your a chance this year to see the sky without obvious Moonlight dimming it blaze meteors."
A thin Crescent in the early evening sky, departure left a dark screen to display. Early birds are in luck, as the best display results achieve one or two hours before dawn. They set out, where you as possible to catch more meteors see with your peripheral as broad expanse of the sky can see. See in the dark and relax.
Radiant for the ETA Aquariids is in the constellation Aquarius: chart.? But you need to look radiant to see the meteors in direction.
"Meteors in any part of the sky, can appear", says Cooke. "In fact the radiant tend their out back in the direction, so you which way the Meteor may seem somewhat stubby look." "You will appear much longer you as Los on you."
You need no binoculars or telescope ETA Aquarid observe meteors. The human eye sight is usually best for meteors, often more than 45 degrees across the sky strip see.
"Eta Aquariids are 66 km / s (148.000 mph!) quickly" move and track often long paths across the sky, glowing, persistent trains sometimes leave. "In the northern hemisphere according to your latitude [which is closer to the Equator better], 10, 40 meteors shortly before sunrise you see."
Keep in mind, a reclining chair or an old ceiling are located on Pack, and a thermos hot coffee would be nice. Finally, you will soon to powerful! The night air can spring damp and chill, so dog bring a great along a different ceiling - or better yet, furry, both for warmth and company. Golden retriever work well.
It is sure to be an unforgettable experience will be. A night accompanying a slightly increasing chorus of birdsong own personal Lightshow-and your biggest admirer of your page caress breeze your cheek, the smell of hot coffee at the crack of dawn air. It will receive not just better.
Author: Dauna Coulter | Editor: Dr. Tony Phillips | Credit: Science@NASA
On 5 may host NASA Meteor experts an afternoon live webchat 2-15: 00 central time and a whole night "awake" chat from 10 am on the 5. 4 pm on the sixth (Central time). Get ready to help, see NASA in the sky! Live switch Web discussion about this shower, by a Halley's Comet! - and all things meteoric. Details here... http://www.nasa.gov/connect/chat/aquarids2011.html
WikiLeaks cable notes Senate "Harper flip-flops."
WikiLeaks has published hundreds of documents U.S. Thursday, including those with comments about the "reversal" of the Harper Government on appointments to the Senate, remarks on Liberals "developed muted" response to the crisis of the extension and the criticism of the failure of the Canada to adopt the reform of copyright law.
A flight of December 2008 cable suggests that officials of the Embassy of the United States in Ottawa saw appointment of Stephen Harper of senators as "a volte-face for a PM and a party that has long campaigned for a Chamber high elected." The cost of the new eighteen Senators also conflict with political messaging on the need for a belt tightening official. ?
The cable goes on to say, however, that "Harper will not pay a political price." "The most ardent advocates of the reform of the Senate are conservative in Western Canada."
Another cable from January 2009 suggested that representatives of the Embassy of the United States in Ottawa had been keeping a close eye on the events of December 2008 in the House of Commons and the request of the Prime Minister to have Governor General Mich?elle Jean prorogue Parliament.
"Ms. Jean and Prime Minister Harper to have a cordial but cool, relationship" said the cable leak.
He goes on to say that "some conservatives have been suspect his sympathies private lean to the centre-left of the spectrum policy and suggested her husband alleged separatist sentiments can influence his own political views" in dealing with the political stalemate.
Another flight of January 2010 document refers to the question of the extension, this time with the criticism of the handling of the Federal Liberal Party of the crisis, suggesting the party at the time was experiencing "a lack of energy and leadership practice".
"The Liberals face a difficult route to come if they hope to beat the Conservatives at the next federal election - that either in 2010 or 2011.".
Output cables also contains one of January, 2010, in which the Ambassador of the United States to the Canada has been cited as being critical of the "tough on crime" position of the Harper Government.
"The Conservatives have used the order of the day of the crime to great effect, making it an essential element of their"mark,"despite the fact that they were not successful in reality most of their proposed crime and safety legislation""," said the cable.
In 2009, a leakage cable discusses how "the Canada traditionally liberal universities have often displayed some anti-American prejudice" and goes on to say that "perennial to differentiate his desire neighbour great some anti-Americanism will inevitably creep back in public and academic discourse for the Canada".
Another cable also makes reference to Canadian support for United States, this time in a document leak of 26 March 2003, relating to a meeting where the war in Iraq has been discussed.
The meeting - between the coast guard of Halifax and Rear Admiral Glenn Davidson - included commentary from Davidson that "he is strong enough for the war in the military services." Many of its Navy officers and staff registered feel that they should be part of the war effort. ?
The cable leak says Davidson raised concerns that the decision of Ottawa do not go to the Iraq can damage the close relationship with the US Army.
A cable of February 29, 2008, suggests that the Embassy of the United States in Ottawa was unhappy with the progress made by the Federal Government on the law of copyright.
"Embassy Ottawa remains frustrated by default continuous of the Government of the Canada introduce - let alone pass - great laws of reform of copyright law that would, among other things, to implement and ratify the world Organization intellectual property treated Internet (WIPO)""," explains the cable.
A document from November 2008 deals with the appointment of Lawrence Cannon, Minister of Foreign Affairs.
An official of the Embassy of the United States in Ottawa described Cannon as "an experienced and competent administrator who is likely to provide stability to a Department which has had four Ministers since the Conservatives took office in 2006".
Cable calls the new Minister "one of the few in the conservative national caucus with experience in Government" and said "he won high marks as a competent administrator and an advisor to confidence to PM Harper.".
A spokesman for the Embassy of the United States in Ottawa was not immediately available for comment, reports the Canadian Press.
Accessibility linksBuffett questions from face to Sokol
April 29, 2011, 12: 09 pm EDT by Andrew Frye
April 29 (Bloomberg)--Warren Buffett asked difficult questions at the annual meetings of its Inc. Berkshire Hathaway he can get his wish after the Executive praised outgoing which was then charged by a Committee of the Council to induce the company trade shares.
Buffett uses his meeting and annual Omaha, Nebraska, press conference to promote the growth of Berkshire, planting the society as a purchaser of potential targets for recovery and his emphasis on ethics. Chief executive officer of 80 years has started to have investigations of journalists screen shareholder in 2009 and encouraged to choose the most difficult to replace requests for years about baseball and religion.The departure of David Sokol, 54, in March, after he has invested in a company that he launched as a candidate of redemption, raised questions about the monitoring of the Buffett and succession planning. Sokol, once considered a possible replacement for Buffett as CEO, ethics of violated Berkshire Audit Committee said on 26 April, weeks after Buffett has praised its "extraordinary" contributions when he announced his resignation.Buffett is going to get questions about his own behaviour "meeting tomorrow said Lyman Johnson, Professor of law at Washington and Lee University School of Law." "I do not think that Buffett has erred in its initial announcement."Buffett oversees Berkshire heads more than 70 subsidiaries with the help of Vice President Charles Munger, 87 and a staff of about 20 at the headquarters of the company. Berkshire employs more than 250 000 people across industries spanning insurance, energy and consumer goods, and Buffett says the operational authority for the President and CEO of the individual units.Governance, CreditBerkshire a challenges "governance", which can hurt credit quality of the company, Investors Service Moody said on 1 April, citing trade actions and the resignation of the Sokol. The Securities and Exchange Commission is pushed if Sokol bought shares of Lubrizol Corp. on the inside of the information, a person who refused to be identified, said on March 31.Buffett, who revealed the trades in a statement March 30, announcing the departure of the Sokol, congratulated the Manager for his work leading Weather energy Holdings of Berkshire, its roof unit Johns Manville and luxury-flight NetJets unit. "Dave or I myself that its purchases of Lubrizol were in any illegal manner," Buffett said. "The concept of Berkshire Hathaway, operating on a higher plane was based on the idea that they did not only do what was legal, they have done what was ethical,"said Cornelius Hurley, Professor at the Faculty of law at the University of Boston and General Counsel, Assistant to the Board of Governors of the Federal Reserve. "When one of your senior management is taken with his hand in the jar and you say,"Oh this is legal", you type blown this principle of higher standards."Purchase of SurgeSokol on the part of about $ 10 million in stock Lubrizol while representing Berkshire in discussions about the purchase of the lubricant manufacturer has violated the policies of the company to insiders, the Committee concluded. Prior to its agreement to buy Lubrizol, Buffett did not know the time of the Sokol trades worked with banks Citigroup Inc. to care for society based in Wickliffe, Ohio, the report. Lubrizol jumped 28 percent on 14 March, where Buffett announced the $ 9 billion deal.The Sokol "misleadingly incomplete disclosures to senior management of Berkshire Hathaway on these purchases violated the duty of candour to the company", said the .sokol Committee "would not and did not trade improperly, nor it does any reading Berkshire Hathaway policy objective""," according to a statement by William Levine, a lawyer for Sokol Dickstein Shapiro LLP in Washington. "The grand Inquisition'Buffett, who built the personal fortune of third largest in the world by boosting the price of the shares of Berkshire in four decades as CEO, said executives in a memo of the 2010 whereas society can withstand financial losses, "we cannot afford to lose reputation - even the slightest reputation."Andrew Ross Sorkin, the writer of the New York Times, which is scheduled to be on the Panel to ask questions, said in a column 5 April this year's meeting could be called "the great Inquisition" because of questions about Sokol instead of the "Woodstock" capitalismas it was called Buffett.Buffett requested at the meeting of the year last on the investment of $ 5 billion of Berkshire Goldman Sachs Group Inc., which was sued by the SEC early in 2010 over its disclosures related to back-to-back obligations. Buffett has praised, Goldman Sachs, which settled the suit in July by agreeing to pay $ 550 million and said that he has committed an error by omitting certain information to investors.PetroChina StakeShareholders the meeting of 2007 has called Buffett to yield a $ 3.3 billion interest in PetroChina Co. because its parent company oil reserves in pipelines in Sudan where the Government has accused of supporting genocide. Buffett said at the meeting that he had no disagreement with shares of PetroChina. He sold the game later this year.In 2009, when Buffett has established the new format, Berkshire is handed a year where its shares fell by 32%. The shares of class a company advanced 21% in 2010 and 3.6% this year through yesterday. Buffett's annual letter asked shareholder questions and said that he and Munger "know journalists will choose some difficult establishments, and so we wanted to."More than 30,000 people travel from around the world in Omaha, for the annual meeting in the Qwest Center, where Buffett and Munger took questions for about five hours. Buffett's annual press conference is scheduled for May 1.-Editors: Dan Kraut, Dan Reichl
To contact the reporter on this story: Andrew Frye in New York at the afrye@bloomberg.net
To contact the editor responsible for this story: Dan Kraut in New York at the dkraut2@bloomberg.net
Samsung sees "Undesirable" Business continued after Net Falls
April 29, 2011, 4: 42 pm EDT by Jun Yang
(Updates with price action in the fifth paragraph of closing).
April 29 (Bloomberg) - Samsung Electronics Co., major manufacturer more televisions and panels on screen flat, said sales of consumer electronics can remain silent in the second quarter, after the fall of profit for the first time in more than a year.The company said demand for televisions and panels LCD may be amortized in the uncertainty of the global economy. Suwon, manufacturer focused on the Korea in the South of the Galaxy smartphones and tablets reported a 30% decrease in net income in the first quarter today as competition drove prices down.Samsung, which this month has agreed to sell its hard drive unit, plans to introduce more computers smartphones and tablet to take on Apple Inc. and boost profitability. Already wounded by stagnant TV sales and falling prices, Samsung and other manufacturers introduce new technologies such as 3D functionality and Internet connectivity to attract consumers to their old upgrade LCD TVs. "" I'm not sure on the second quarter, "said Im Jeong Jae, a Fund Manager based in Seoul to Shinhan BNP Paribas Asset Management Co., which oversees about $ 30 billion. "The key will be price and sales will be revived is to strategies of manufacturers of television sets."Shares fell from 0.8 percent to won 893,000 at 3 p.m., near trading in Seoul taking the decline of the date of the year at 5.9%. The benchmark index ABN fell by 0.7%.DeclineThe company is expected to "undesirable" business environment to continue in the second quarter, Robert Yi, vice President of relations with investors, said on a conference call today. Slow demand for televisions is likely to continue during the earthquake of 11 March to the Japan have contributed to a "significant decrease" ventes sales of LCD display, said Lee Jung Ryul, Vice-President unit of the group. "Global demand is not 100% clear," Yi said, citing the uncertainty of the global economic recovery and a possible impact by the earthquake in Japan.The average price for the United States flat screen televisions fell for a third straight month in February as manufacturers attempt to erase the inventory before the deployment of new models ", according to a study of the IHS ISuppli Corporation. Samsung sold 8.8 million units of TVs to flat in the first quarter, five per cent more of a year earlier, the company said.Income net in the three months ending March fell to 2.78 trillion won ($2.6 billion), Samsung said in a statement. Which corresponded to the average of 2.8 billion won of 12 analysts compiled by Bloomberg estimates. Sales increased by 6.8% to 37 billion won, a preliminary estimate announced the April 7.Displays, SemiconductorsOperating, income, or sales less cost of goods sold and administrative expenditures, fell 33 percent to 2.95 won trillion, under the provisions of the preliminary estimate of the company. Manufacture of TV from Samsung unit operating profit fell to 3.3% at 100 billion won a year, while sales increased 5% to 13.5 billion won.Analysts had predicted profit Division will be 85 billion won, based on the median of seven interviewed by Bloomberg estimates News.The display division had a loss of 230 billion won more than 140 billion won loss in the survey. Sales fell by 5% to 6.5 billion won, said Samsung.Tirer profit semiconductor division fell 5.9% to 1.6 trillion won on sales of 9.18 trillion won, compared to the median of 1.7 trillion won estimates seven analyst.Profit rose unity 1.2% of telecommunications to 1.4 trillion won, thus exceeding the median of 1.2 billion estimates won seven analyst. Sales increased 19% 10,64 trillion won.Samsung has intended to sell some 60 million units of smartphones this year, J.K. Shin, Chief of the division of mobile telephony, stated in January, after the company has achieved its target to sell 10 million units of the Galaxy s smartphone last year.-Editors: Anand Krishnamoorthy, Vipin V. Nair.
To contact the reporter on this story: Jun Yang in Seoul at the jyang180@bloomberg.net
To contact the editor responsible for this story: Cho Young-Sam at ycho2@bloomberg.net.
How Buffett protected David Sokol lost its way
Bloomberg. Illustration by Ted McGrath
By Paul M. BarrettThe panoramic windows of his Office for the law of the companies of the 20th floor, Harold j. Daub Jr., a four-term former Republican MP and Mayor of Omaha, demonstrates the imprint his friend for a long time that David l. Sokol did on their hometown. Brush underlines the Emerald field of the Stadium from baseball to the TD Ameritrade (execution), House brand-new College World Series. As a member of the Council of the municipal arena daub authority, "Dave Sokol is as much as any citizen of Omaha for this beautiful thing built," explains. The same Council non-profit oversees the Qwest Center, where Berkshire Hathaway (BRK)(A), former employer of the Sokol, holds its annual meeting April 30. Continues to daub "There, it is the Creighton University", "and this lovely red brick building is the D.J. Sokol arena." 2 500-Seat gymnasium tidy for women's basketball and volleyball is named for late son of the Sokol, who died of Hodgkin's disease in 1999, a few weeks after graduating from high school. "And Dave is not even a Creighton alum;" It is UNO "- University of Nebraska at Omaha-" and one of their big supporters, too, ", explains mud." "The man puts his money where his mouth is, it is certain that for darn.
Putting its money behind the personal beliefs of another type, Sokol landed now in turmoil. March 30, he was widely regarded as the heir apparent of 80 years Warren e. Buffett's Berkshire Director General and the Prophet of the heart of common sense. That day, Buffett made headlines by announcing that Sokol, 54, would resign from Berkshire. Wednesday, April 27, Audit Committee of the Berkshire electrified again the financial world. In a scathing report of 18 pages, he accuses Sokol of violating the standards of the company by misleading Berkshire on his personal interest to Lubrizol (LZ), a chemical manufacturer, he recommended that Buffett as a takeover target. The Committee has ceased to conclude that Sokol commits initiated under federal law when he bought shares of Lubrizol $ 10 million in January and then launched the company to Buffett. But the company reported that former star corporate is now on its own, and Berkshire will cooperate "with" investigations of Government on this matter. The Securities and Exchange Commission is investigating, although a spokesman refused to comment on.
Severe report of Berkshire intensifies attention Sokol case focused on the question of the succession, in Berkshire a company whose achievements and 205 billion in market capitalization strongly depend on its reputation as "play in the Court.""," use a famous Buffettismet of far ethical lines of demarcation. Sudden drop of the Sokol also shook a city that takes tremendous pride in its association with Berkshire. "We are all sad, indeed," says daub, associate of the firm Husch Blackwell. "It is a shock."
It is certainly not the result all who knew Sokol imagined for the dynamics of the Executive, who was not born in power or wealth and relied on its energy, competitiveness, and outsider will become the ultimate insider, Omaha-style - a protégé of two legends of local businessesBuilder of Walter Scott Jr. and buffet. As a member of their charmed circle, Sokol had access to the opportunities not available in other frameworks. Buffett trusted him to recognize the investments of several billion dollars and to determine if companies. Sokol repaid his mentor with clever ideas and extraordinary balance deal.
"Dave Sokol is a real important guy around here, said Terry l. Moore, President of the Federation of labour of Omaha." Sitting at his usual table breakfast at the Hilton City Center, the leader of the AFL-CIO shakes his head in wonder. He negotiated with Sokol and a political battle against him. Despite their differences, Sokol had respect for Moore. "The smartest business guy I know," said Moore. "We are confused by it - what happened and why this happen?".
Samsung sees "Undesirable" Business continued after Net Falls
April 29, 2011, 4: 42 pm EDT by Jun Yang
(Updates with price action in the fifth paragraph of closing).
April 29 (Bloomberg) - Samsung Electronics Co., major manufacturer more televisions and panels on screen flat, said sales of consumer electronics can remain silent in the second quarter, after the fall of profit for the first time in more than a year.The company said demand for televisions and panels LCD may be amortized in the uncertainty of the global economy. Suwon, manufacturer focused on the Korea in the South of the Galaxy smartphones and tablets reported a 30% decrease in net income in the first quarter today as competition drove prices down.Samsung, which this month has agreed to sell its hard drive unit, plans to introduce more computers smartphones and tablet to take on Apple Inc. and boost profitability. Already wounded by stagnant TV sales and falling prices, Samsung and other manufacturers introduce new technologies such as 3D functionality and Internet connectivity to attract consumers to their old upgrade LCD TVs. "" I'm not sure on the second quarter, "said Im Jeong Jae, a Fund Manager based in Seoul to Shinhan BNP Paribas Asset Management Co., which oversees about $ 30 billion. "The key will be price and sales will be revived is to strategies of manufacturers of television sets."Shares fell from 0.8 percent to won 893,000 at 3 p.m., near trading in Seoul taking the decline of the date of the year at 5.9%. The benchmark index ABN fell by 0.7%.DeclineThe company is expected to "undesirable" business environment to continue in the second quarter, Robert Yi, vice President of relations with investors, said on a conference call today. Slow demand for televisions is likely to continue during the earthquake of 11 March to the Japan have contributed to a "significant decrease" ventes sales of LCD display, said Lee Jung Ryul, Vice-President unit of the group. "Global demand is not 100% clear," Yi said, citing the uncertainty of the global economic recovery and a possible impact by the earthquake in Japan.The average price for the United States flat screen televisions fell for a third straight month in February as manufacturers attempt to erase the inventory before the deployment of new models ", according to a study of the IHS ISuppli Corporation. Samsung sold 8.8 million units of TVs to flat in the first quarter, five per cent more of a year earlier, the company said.Income net in the three months ending March fell to 2.78 trillion won ($2.6 billion), Samsung said in a statement. Which corresponded to the average of 2.8 billion won of 12 analysts compiled by Bloomberg estimates. Sales increased by 6.8% to 37 billion won, a preliminary estimate announced the April 7.Displays, SemiconductorsOperating, income, or sales less cost of goods sold and administrative expenditures, fell 33 percent to 2.95 won trillion, under the provisions of the preliminary estimate of the company. Manufacture of TV from Samsung unit operating profit fell to 3.3% at 100 billion won a year, while sales increased 5% to 13.5 billion won.Analysts had predicted profit Division will be 85 billion won, based on the median of seven interviewed by Bloomberg estimates News.The display division had a loss of 230 billion won more than 140 billion won loss in the survey. Sales fell by 5% to 6.5 billion won, said Samsung.Tirer profit semiconductor division fell 5.9% to 1.6 trillion won on sales of 9.18 trillion won, compared to the median of 1.7 trillion won estimates seven analyst.Profit rose unity 1.2% of telecommunications to 1.4 trillion won, thus exceeding the median of 1.2 billion estimates won seven analyst. Sales increased 19% 10,64 trillion won.Samsung has intended to sell some 60 million units of smartphones this year, J.K. Shin, Chief of the division of mobile telephony, stated in January, after the company has achieved its target to sell 10 million units of the Galaxy s smartphone last year.-Editors: Anand Krishnamoorthy, Vipin V. Nair.
To contact the reporter on this story: Jun Yang in Seoul at the jyang180@bloomberg.net
To contact the editor responsible for this story: Cho Young-Sam at ycho2@bloomberg.net.
After the Tsunami: Nothing to do than start over
Kenji Sano, 80, in his shop in Kamaishi, the Japan, on March 30, Giulio Di Sturco
By Charles Graeber(Corrects the measurement of annual earthquake in Kamaishi at paragraph 15).
Kenji Sano was two years old the first time his house was destroyed. His family had a small house of wood and rice paper of Kamaishi, right on the main street of the city, parallel port and the ancient furnace which produced iron used in all, swords of samurai of rails for high-speed bullet trains. Sano hidden in the Middle tombstones, Buddhist Hill clutches her mother as the tsunami of March 3, 1933, swept his town. Later, on the place where his mother helped help burn the bodies recovered from the wreck, the survivors placed two steel Bodhisattvas, commemorates the high water line. Kenji-san just sitting in front of the Arch of the door of the temple, look at the smoke.
It was different from the next time. The difference of the tsunami, who unpacked wooden houses, leaving scattered - all - things, clean burned American bombing, leaving only ash. Three weeks after the home teen Sano had been cremated, August 8, 1945, bombing began again. An atomic bomb fell on the South of the city of Nagasaki the following day. No there is no bombs after that. Kenji has contributed to his father and his brother rebuild. Their was a small place, any more than a shack, but enough. There was nothing to do than start over.
After the war, Kamaishi flourished. Furniture factories and mills processing of seafood, a granary and farm fish, rows of restaurants and a maze of a tavern room, all giving an international port occupied and protected by a massive breakwater. Tsunami experts from around the world have estimated Kamaishi to have the best harbor protection anywhere; According to the Guinness Book of Records world, 207-foot-deep, breakwater inhabitants feet in length is also the largest in the world. Built at a cost of 165 billion yen ($2 billion), it took 30 years to build and was completed in March 2009.
For decades, Kenji Sano could see the breakwater takes form on his daily in the morning go hiking in the mountains of Rikuchi, which sandwich Kamaishi (of 40 000 inhabitants) against Pacific. Even at 80, Sano took to the foothills in the early hours, sometimes with his wife, often only the point of view of his native city below. If he travelled far enough, he could visit with a God.
The Kannon deity, more than 100 feet high and cradling a fish, was on the ridge overlooking the sea - s Kamaishi unofficial patron saint and a tourist attraction in 41 years. The Bodhisattva of compassion was built on the mountain which overlooks the Bay of Kamaishi, a prayer in reinforced concrete. "Be calm," Kannon implored the Pacific. "Don ' t rage".
March 11, Sano began early as usual, leaving a house occupied with three generations of its manufacture. He slipped past his teenage, Ayumu grandson, who was running a finger in a book for the next University entrance examination; past where the wife of his son, Hiromi, kneeling on the ring of cooking a meal School of rice for his boy, Hiroyuki; and in the stairwell of his shop, where his son aged 44 years, Shigeru, was sweeping the stoop.
For 60 years, Kenji had executed Sano liqueur, a wholesaler, a package store and a bar on the corner of streets Oodori and Aoba, main intersection of Kamaishi, on the ground floor of the House. Sano alcohol was the kind of place of daily meeting vital for any city. He was known to sailors from around the world, too. Kenji shot his surgical mask and exchanged a few quick nods with Shigera and led to Oodori Street and in the light of the morning.
Walking stick carved of Sano clicked on the sidewalk as he signalled his traders neighbours - the mother and the daughter of the bakery nearby; his friend the dentist, whose wife had Parkinson's disease; the old pharmacist, walk quickly in his denim floppy Hat; Yuko Kariya, the woman who owned the café Jazz tidy by Aoba Park. Kamaishi, everyone knew Sano.
Conrad Black sells Palm Beach home: report
Former media Tycoon Conrad Black sees in this photo of January 13, 2011, arriving to the Federal Court in Chicago. (AP Photo/Charles Rex Arobasgt) Charles Rex Arobasgt/Associated PressThere is a report that the fallen media magnate Conrad Black has sold his mansion in Palm Beach, Florida.
The Palm Beach Daily News reported that the manor was purchased by a family of California 23.1 million US dollars, or $21.97 CDN.
The newspaper attributed information to a deed of guarantee of the Palm Beach County Clerk's Office.
Black was released last summer, while the courts deal with the appeals of his fraud and convictions for obstruction of justice that landed him a prison sentence of 6 1/2 years in the United States.
The manor house built in 1973 allegedly has five bedrooms, six bathrooms and a guest house.
Municipal archives indicate that the property is a "total" square feet of 21,672 which includes a tunnel under the street which allows the main property to be connected to the beach.
Real estate broker that Moens Lawrence told the newspaper that he has received two written offers other potential buyers interested in the House.
"I had buyers and sellers of great," Moens said Thursday, describing black and his wife, Barbara Amiel Black, "gracious people.".
Two of the three Black fraud convictions were quashed in October by a U.S. Court of appeals. He confirmed the conviction of fraud and the other for obstruction of justice.
His lawyers have formally requested at the top of the Court to consider the two convictions against him.
The black last year has tried in vain to convince a Chicago judge to enable him to return to the Canada while out on bail. He cited health problems not disclosed his wife.
Amiel would have lived in the Manor of Palm Beach couple most of imprisonment of 28 months of her husband, in a federal prison in Coleman Fla.
His lawyer told the Court last year that the home of Palm Beach was not "a suitable residence in his State" in the heat of flames of a Florida summer.
Accessibility linksDaimler Profit rises on sales of Mercedes-Benz S-class in China
April 29, 2011, 4: 36 pm EDT by Chris Reiter
(Updates with comments from the CFO from eighth paragraph, 12 analyst comment).
April 29 (Bloomberg) - Daimler AG, the second world - large manufacturer of luxury cars, reported a gain of 71 per cent in the first quarter operating profit that the culture of wealth in China deliveries stimulated sedan Mercedes-Benz class s profit before interest and taxes increased to 2.03 billion euros (3.01 billion) (from $ 1.19 billion euros a year earlier, Daimler based in Stuttgart (Germany), said today in a statement. Profit matched the mean estimate of 2 billion dollars-euro 12 analysts interviewed by Bloomberg.China more and more the economy is fueling record demand for luxury of Mercedes, Bayerische Motoren Werke AG and Volkswagen AG Audi cars. VW reported this week that Ebit has more than tripled 2.91 billion euros supported by demand for models Audi in China, while VW Lamborghini supercar unit can sell more vehicles only to the United States for the first time this year. "" By Volkswagen figures report a few days ago, it is much less dynamic ", said Juergen Pieper, an analyst based in Frankfurt with Bankhaus Metzler, which recommends the purchase of the shares. "The results are nothing special."Daimler, which is also largest truckmaker in the world, has not followed the profitability of competitors. First quarter Ebit of Mercedes-Benz to 9.3% of revenue towed margin of 10.6% Audi. Return on sales posted by unit of Daimler trucks of 6.6% is under Volvo AB 9.4%. Net income of Daimler increased 59% to€ 1.06 billion as income earned 17 percent to EUR 24.7 billion.FallsDaimler stock fell as much as € 1.33, or 2.5%, with 51.76 euros, the intraday drop steeply in two weeks and down 2.2% starting from 10 h 29 in Frankfurt trading. The stock increased 2.4 percent this year, valuing the company at EUR 55.4 billion.The company held to its forecast for "significant" Ebit higher in 2011 that last year 7.2 billion euros. Daimler expects prospects for the C-class updated and reorganized roadster SLK to outweigh the potential impact of the earthquake of last month at the Japan, which led to EUR 78 million in costs in the first quarter.Additional charges of€ 50 million to 100 million euros related to the earthquake may be reserved for the second quarter, Chief Financial Officer Bodo Uebber said today on a conference call.Faster growth of 125 years German constructor TargetedThe aims to exceed the growth of the global automotive markets, Daimler estimated that 5 to 7 percent this year, said Uebber. Deliveries increased by 13% in the first quarter to 281,000 cars, supported by a jump of 25 percent in shipments of class s and a wave of 78% of the demand from China. Audi vehicle sales increased by 18%.Mercedes-Benz will introduce a new version compact class b later this year. The model is the first of a series of four new small cars. Daimler is building a plant in Hungary to support the expansion, which is part of a strategy to reduce emissions of fuel average and win young drivers. Mercedes will also present a redesigned 2011 M-class sport utility vehicle. EBIT of Mercedes-Benz cars is 60% in the quarter to EUR 1.29 billion.Truck ProfitLike other truckmakers, Daimler has to recover in North America and Europe demand for heavy trucks, the global financial crisis. The company, which owns truckmaker Kawasaki, Japan Fuso as well as Freightliner based, to the United States said the trucks unit operating profit more than tripled to EUR 130 million EUR 415 million a year earlier. "" It is a disappointment, "said Arndt Ellinghorst, an analyst based in London with Credit Switzerland, with a neutral rating on the stock. Margins to Daimler Trucks "are well below Volvo, and it is their main competitor.Truck division has a load of 49 million euros related to damages and loss of production caused by the earthquake of 11 March to Japan, where planting a Fuso are still exercise production after closure after the disaster. Daimler booked charges of 29 million euros to take financial services unit has lost potential claims because of the earthquake.Contentée comparison with Volvo Uebber, saying that best months are coming for the Daimler truck division and that competition with the Swedish manufacturer is decided by a quarter.Daimler and manufacturer of aircraft London Rolls Royce Group Plc-based engine jointly seek to buy Tognum AG, a manufacturer of engines in which Daimler holds a participation of 28.4%. The manufacturer is committed to its participation in the offer, which expires on May 18 that contenders have blocked a 24-a-part euro bid, even if the stock Tognum flew over the offer price. Uebber, reiterated today that Rolls Royce and Daimler don't see a reason to increase the price.-Editors: Tom Lavell, Chad Thomas
To contact the reporter on this story: Chris Reiter in Berlin at the creiter2@bloomberg.net
To contact the editor responsible for this story: Thomas Chad at the cthomas16@bloomberg.net