(Reuters) - MedImmune is seeking wider approval for a new version of the vaccine, which is already cleared for use in those ages 5 to 49 years old.
Read more at Reuters.com Government Filings News
Wednesday, 16 May 2007
Morocco's Main Index Gains, Paced by Maroc Telecom: World's Biggest Mover
(Bloomberg) -- Moroccan stocks rose for a second day on speculation that a four-day drop that wiped out 16 percent from the country's benchmark index was exaggerated.
Maroc Telecom, the largest telephone company in Morocco, led the rebound.
Read more at Bloomberg Stocks News
Maroc Telecom, the largest telephone company in Morocco, led the rebound.
Read more at Bloomberg Stocks News
UPDATE 1-Hedge fund differences not that great-Canada
(Reuters) - But a draft communique of the Potsdam meeting, scheduled for May 18-19, contains no mention of the code of conduct.
Canada has sided with the United States and Britain, who prefer a light-handed approach to regulation and has repeatedly stressed the positive aspects of hedge funds and other instruments in improving the efficiency of financial markets.
Read more at Reuters.com Bonds News
Canada has sided with the United States and Britain, who prefer a light-handed approach to regulation and has repeatedly stressed the positive aspects of hedge funds and other instruments in improving the efficiency of financial markets.
Read more at Reuters.com Bonds News
Unilever's Treschow to talk with investors before change
(Reuters) - Treschow took over on Wednesday as the Anglo-Dutch company's first chairman to come from outside the company in its 77-year history and said he saw no need to split the group between its food business and its detergents, shampoo and deodorants side.
"We are a fast-moving consumer goods company so we also hope that we are fast moving ourselves. I will listen to what investors have to say carefully," he said after the Unilever Plc annual general meeting held in London.
Read more at Reuters.com Mergers News
"We are a fast-moving consumer goods company so we also hope that we are fast moving ourselves. I will listen to what investors have to say carefully," he said after the Unilever Plc annual general meeting held in London.
Read more at Reuters.com Mergers News
Oil Declines on Signs Gasoline Supplies May Rise; Nigerian Protest Ends
(Bloomberg) -- Crude oil fell after U.S. gasoline supplies rose and a report that protesters in Nigeria left a facility run by Royal Dutch Shell Plc.
Gasoline inventories rose 1.76 million barrels to 195.2 million barrels last week, the Energy Department report showed. The protesters will let Shell open the facility and restore lost output amounting to 170,000 barrels a day, Reuters reported. Shell yesterday said deliveries in May and June would be delayed because of the incident.
Read more at Bloomberg Commodities News
Gasoline inventories rose 1.76 million barrels to 195.2 million barrels last week, the Energy Department report showed. The protesters will let Shell open the facility and restore lost output amounting to 170,000 barrels a day, Reuters reported. Shell yesterday said deliveries in May and June would be delayed because of the incident.
Read more at Bloomberg Commodities News
Mexican Peso Rises to 4-Month High on Inflows After U.S. Production Report
(Bloomberg) -- Mexico's peso rose to a four-month high after a U.S. report bolstered optimism that consumer demand for Mexican exports will buttress dollar inflows.
Mexico's currency snapped two days of declines after U.S. government figures showed industrial production increased more than forecast last month following a decline in March. The U.S. purchases about 80 percent of Mexican exports.
Read more at Bloomberg Currencies News
Mexico's currency snapped two days of declines after U.S. government figures showed industrial production increased more than forecast last month following a decline in March. The U.S. purchases about 80 percent of Mexican exports.
Read more at Bloomberg Currencies News
David Thomson Snares Biggest-Ever Canadian Takeover With Reuters Agreement
(Bloomberg) -- Thomson Corp. Chairman David Thomson, Canada's richest man, emerged from his father's shadow with the proposed purchase of Reuters Group Plc for $17.2 billion, the biggest takeover ever by a Canadian company.
David Thomson sealed a bid to buy Reuters less than a year after father Kenneth Thomson died in his Toronto office, leaving his son to manage the world's 10th-largest family fortune.
Read more at Bloomberg Exclusive News
David Thomson sealed a bid to buy Reuters less than a year after father Kenneth Thomson died in his Toronto office, leaving his son to manage the world's 10th-largest family fortune.
Read more at Bloomberg Exclusive News
BNP Paribas Hires U.S. Treasury Bond Trader Rick Klingman From ABN Amro
(Bloomberg) -- BNP Paribas Securities Corp., a unit of the largest French bank, hired Richard Klingman from ABN Amro Bank NV for its U.S. government bond trading desk in New York.
Klingman, 40, started this week and is trading five-year Treasury notes, said Laurent Dulout, co-head of core rates trading. He reports to Jeffry Feigenwinter, who trades 10-year notes and is head of Treasury trading. Both have been in the business since 1988.
Read more at Bloomberg Bonds News
Klingman, 40, started this week and is trading five-year Treasury notes, said Laurent Dulout, co-head of core rates trading. He reports to Jeffry Feigenwinter, who trades 10-year notes and is head of Treasury trading. Both have been in the business since 1988.
Read more at Bloomberg Bonds News
Gold, Silver Futures Fall in New York as Dollar Strengthens Against Euro
(Bloomberg) -- Gold and silver fell in New York as a gain in the value of the dollar against the euro reduced the appeal of the precious metals as alternative investments.
Gold has moved in tandem with the euro 74 percent of the time in the past year, Bloomberg data show. Gold reached an 11-month high on April 20 as the euro was headed toward an April 27 record against the dollar. Before today, the metal has climbed 5.7 percent this year while the euro has gained 3 percent against the dollar.
Read more at Bloomberg Commodities News
Gold has moved in tandem with the euro 74 percent of the time in the past year, Bloomberg data show. Gold reached an 11-month high on April 20 as the euro was headed toward an April 27 record against the dollar. Before today, the metal has climbed 5.7 percent this year while the euro has gained 3 percent against the dollar.
Read more at Bloomberg Commodities News
Copper Slumps in New York on Speculation Chinese Metal Demand May Shrink
(Bloomberg) -- Copper declined in New York on speculation that demand may slow in China, the world's biggest consumer of the metal used in pipes and wires.
Chinese imports in April fell to 304,672 metric tons from a record 307,740 tons in March. Inventories monitored by the Shanghai Futures Exchange gained 26 percent last week to 85,269 tons, the highest in three years. China's consumption of raw materials had driven a 23 percent rally in copper this year.
Read more at Bloomberg Commodities News
Chinese imports in April fell to 304,672 metric tons from a record 307,740 tons in March. Inventories monitored by the Shanghai Futures Exchange gained 26 percent last week to 85,269 tons, the highest in three years. China's consumption of raw materials had driven a 23 percent rally in copper this year.
Read more at Bloomberg Commodities News
Stock Investors Are Most Optimistic on Earnings in a Year, Merrill Says
(Bloomberg) -- Investors this month were the most optimistic on earnings in a year after companies reported profit that topped analysts' estimates and the outlook for economic growth improved, a Merrill Lynch & Co. survey showed.
Money managers were the most ``overweight'' European stocks since 2000, according to 201 respondents who together manage $586 billion. An overweight holding indicates investors own more of the shares than are represented in benchmarks.
Read more at Bloomberg Stocks News
Money managers were the most ``overweight'' European stocks since 2000, according to 201 respondents who together manage $586 billion. An overweight holding indicates investors own more of the shares than are represented in benchmarks.
Read more at Bloomberg Stocks News
UPDATE 1-FirstService reports lower profit, ups forecast
(Reuters) - The real estate and property services company earned a net profit of $2.3 million, or 6 cents a share, down from a profit of $36 million, or $1.18 a share, in the year ago period.
The year-ago profit was pegged to robust brokerage activity and the acquisition of Los Angeles-based Colliers Seeley.
Read more at Reuters.com Market News
The year-ago profit was pegged to robust brokerage activity and the acquisition of Los Angeles-based Colliers Seeley.
Read more at Reuters.com Market News
RPT-UPDATE 2-Africa Development Bank says must reform itself
(Reuters) - SHANGHAI, May 16 - The African Development Bank must undertake significant internal reforms to become more responsive to the continent's needs and more effective as a tool for development, the bank's president and governors said on Wednesday.
Donald Kaberuka told the opening of the bank's annual meeting that the lender was financially strong but bogged down by in-house bureaucracy.
Read more at Reuters.com Bonds News
Donald Kaberuka told the opening of the bank's annual meeting that the lender was financially strong but bogged down by in-house bureaucracy.
Read more at Reuters.com Bonds News
Autogrill wins deals worth $242 mln at JFK airport
(Reuters) - The airport and motorway restaurant chain's U.S. unit operates at more than 70 airports and 100 highway travel plazas. Autogrill is 57.1 percent owned by Italy's Benetton family through the holding company Schematrentaquattro.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
REFILE-Union threat to Blackstone IPO plans - report
(Reuters) - The paper, citing a letter sent by AFL-CIO, the 10 million strong labour group, said the union had written to the Securities Exchange Commission arguing that Blackstone's [BG.UL] IPO falls foul of U.S. laws and should be investigated.
The union says that the unique structure chosen by Blackstone's senior executives to raise funds from stock markets while keeping a tight grip on the running of its business is an attempt "to evade the coverage" of the Investment Company Act of 1940.
Read more at Reuters.com Government Filings News
The union says that the unique structure chosen by Blackstone's senior executives to raise funds from stock markets while keeping a tight grip on the running of its business is an attempt "to evade the coverage" of the Investment Company Act of 1940.
Read more at Reuters.com Government Filings News
South Africa's Finance Minister Says Wolfowitz Should Leave World Bank
(Bloomberg) -- World Bank President Paul Wolfowitz has lost the institution's trust and should not remain in his post following an investigation that found he violated conflict-of- interest rules, South African Finance Minister Trevor Manuel said.
``There should be a parting of the ways,'' Manuel said in an interview in Shanghai, where he is attending the annual general meeting of the African Development Bank. ``I think we must live with the decision by the executive board. It's unfortunate but c'est la vie.''
Read more at Bloomberg Emerging Markets News
``There should be a parting of the ways,'' Manuel said in an interview in Shanghai, where he is attending the annual general meeting of the African Development Bank. ``I think we must live with the decision by the executive board. It's unfortunate but c'est la vie.''
Read more at Bloomberg Emerging Markets News
FDA food safety plan got cold reception: WSJ
(Reuters) - The FDA said at the meeting its current approach was failing to stop an increase in food-borne illnesses and that its plan could help cut produce-related outbreaks in half, the paper said.
The FDA and HHS could not immediately be reached for comment.
Read more at Reuters.com Government Filings News
The FDA and HHS could not immediately be reached for comment.
Read more at Reuters.com Government Filings News
Julius Baer Stock Jumps on Speculation Deutsche Bank Is Interested
(Bloomberg) -- Shares of Julius Baer Holding AG rose to a record on speculation Deutsche Bank AG may be interested in buying Switzerland's largest publicly traded private bank.
Shares in the Swiss bank rose as much as 6.3 francs, or 7.4 percent, to 91.55 francs. They were trading at 90.05 francs by 10:41 a.m. in Zurich.
Read more at Bloomberg Stocks News
Shares in the Swiss bank rose as much as 6.3 francs, or 7.4 percent, to 91.55 francs. They were trading at 90.05 francs by 10:41 a.m. in Zurich.
Read more at Bloomberg Stocks News
U.S. could still have 2.7 pct growth in '07: adviser
(Reuters) - He said fundamentals of the U.S economy were good and the current account deficit had been a source of economic strength.
"There is no question that it's growing. It's something that we watch," he said. "Up till this point, it has been a source of our strength."
Read more at Reuters.com Business News
"There is no question that it's growing. It's something that we watch," he said. "Up till this point, it has been a source of our strength."
Read more at Reuters.com Business News
Alon USA Energy Will Shut Down Unit Today at Refinery in Big Spring, Texas
(Bloomberg) -- Alon USA Energy Inc. will shut a unit at its oil refinery in Big Spring, Texas, after a malfunction. The unit will be halted at 7 a.m. local time today.
The Dallas-based company reported the incident in a filing on the Web site of the Texas Commission on Environmental Quality. Alon said it needed to shut the unit to repair a leak in a re-boiler and to repair a steam leak in the steam supply to the re-boiler.
Read more at Bloomberg Energy News
The Dallas-based company reported the incident in a filing on the Web site of the Texas Commission on Environmental Quality. Alon said it needed to shut the unit to repair a leak in a re-boiler and to repair a steam leak in the steam supply to the re-boiler.
Read more at Bloomberg Energy News
India Glenmark gets US nod for pravastatin sodium
(Reuters) - Pravachol has annual sales of over $861 million, Glenmark said in a statement.
) Keywords: GLENMARK FDA/
Read more at Reuters.com Government Filings News
) Keywords: GLENMARK FDA/
Read more at Reuters.com Government Filings News
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