| IMF warns subprime woes may spread, dollar falls
NEW YORK (Reuters) - Fallout in the U.S. subprime mortgage market could spread to related markets, the International Monetary Fund warned on Tuesday, as nagging worries about housing helped weaken the dollar. Shares of real estate investment trust American Home Mortgage Investment Corp. (AHM.N) tumbled for a second day on Tuesday after the REIT slashed its profit forecast last week. .
Volvo to Invest in Cab Production in France
STOCKHOLM, Sweden--(BUSINESS WIRE)--AB Volvo's (Nasdaq:VOLV) (STO:VOLVA) (STO:VOLVB) Board of Directors has decided to invest SEK 530 M in subsidiary Renault Trucks' cab plant in Blainville, France. The investment is being made to increase capacity and comprises both assembly and painting. Renault Trucks' cab plant in Blainville produces cabs for all of Renault Truck's truck models. Today, manufacturing and painting capacity is limited. Due to the investment it will be possible to manufacture more cabs as well as being able to offer customers new and better paint coats, so-called base clear coat lacquers. As a result of the investment in the paint shop, Renault Trucks can also switch to water-based paints, which is a more environmentally correct alternative compared with today's paints based on solvents.
Adidas, Deutsche Telekom, Puma, Siemens: German Equity Preview
April 10 (Bloomberg) -- The following stocks may rise or fall in German markets today. Stock symbols are in parentheses after the company names and prices are from the Xetra close unless otherwise stated. DAX futures expiring in June rose 16.50, or 0.2 percent, to 7166 at 8:15 a.m. in Frankfurt. The DAX advanced 0.4 percent to 7099.91 on the Xetra electronic-trading system on April 5. Air Berlin Plc (AB1 GY): Europe's third-biggest discount airline intends to post March traffic figures. The company last month said it carried 12 percent more passengers in February after expanding with new planes and routes. The shares increased 1.23 euros, or 6.6 percent, to 19.87 euros. Allianz SE (ALV GY): Shares of Europe's largest insurer may reach 195 euros ($260.89) each as it consolidates operations and focuses on emerging markets, Barron's reported, citing Bear Stearns analyst Paul Goodhind.
Fisherman moves to the center
Mike Durkalec's angling world revolves around steelhead trout - and the unique center-pin reels and ultralong fishing rods he has helped popularize around Northeast Ohio's rivers and streams. His primary playground is the easily accessible Rocky River, where he recently offered a lesson in center-pin fishing. "When I began fishing the Rocky River a decade ago with the long rods and center-pin reels, only a couple of fishermen were familiar with them," said Durkalec, aquatic biologist for Cleveland Metroparks. "They've really become popular the last two or three years. On the Rocky, 20 to 30 percent of anglers now fish with them." The center-pin reel has been around for decades, used to catch salmon and trout from Great Britain to the Pacific Northwest.
Is Everyone Leaving UBS Investment Banking?
Yesterday news broke that Jeffrey McDermott, one of three global co-heads of investment banking at UBS, was leaving the bank for parts unknown. The latest rumor has Kenneth D. Moelis, the president of UBS's investment bank in New York, considering leaving the firm. Not just considering. "Threatening," in the words of DealBook. Here's how DealBook describes the possibility of Moelis leaving: The loss of Mr. Moelis would be a stunning blow for UBS, which ranked first in advising initial public offerings globally and seventh in advising on global mergers and acquisitions last year, according to the research firm Thomson Financial. Around Wall Street, Mr. Moelis is known for his long list of big-name clients and for a long history in investment banking, including high-profile stints at Drexel Burnham Lambert, which he left in 1990 after the firm filed for bankruptcy, and Donaldson, Lufkin & Jenrette, where he ran the Los Angeles office.
Malaysia to invest in Iran's plant
Malaysia has signed a memorandum of understanding (MoU) with Iran to invest in the construction of a giant gas-fueled power plant in Iran.
Iran Power Development Company (IPDC) and Malaysia's Amona Group of Companies signed the document in Tehran on Tuesday.
The gas-fueled power plant will have a capacity to produce 500 to 1000 MW of electricity, and will be constructed on the BOO (build-own-operate) basis, said Mohammad Behzad, the IPDC managing director.
He added that the two sides agreed to hold next round of talks over the issue in May.
Meanwhile, Mohammad Ahmadian, Iran's deputy energy minister for water and energy, said that the Islamic Republic is determined to enhance the presence of foreign investors in its power industry.
Software AG to Buy WebMethods for $546M
"More consolidation in the integration space is healthy, as there are too many proprietary, J2EE-based stacks on the market," John Senor, president of iWay Software, told CRM Buyer. "With [the WebMethods] acquisition, Software AG will be better positioned to complete against IBM, Microsoft and other solution stacks," he explained. FREE CRM Evaluation Guide Contains 100+ questions CRM consultants get paid to ask. Packed with info that will put you in control of the process of evaluating CRM vendors. Determine your company's CRM needs, evaluate vendor capabilities and sidestep dangerous pitfalls in the CRM selection process. .
|
