Russia Sues U.S. Bank; Laundering Case Cited
Date: 18 May 2007
By Bloomberg News
Bloomberg News
Russia is seeking $22.5 billion in damages from the Bank of New York Company over accusations of money laundering in the 1990s.
Spiller av fredag 18. mai 2007
18. mai 2007 var en fredag under stjernetegnet til ♉. Det var 137 dagen i året. President i USA var George W. Bush.
Hvis du ble født på denne dagen, er du 19 år gammel. Den siste bursdagen din var på mandag 18. mai 2026, 18 dager siden. Din neste bursdag er tirsdag 18. mai 2027, om 346 dager. Du har bodd i 6 958 dager, eller omtrent 167 015 timer, eller omtrent 10 020 934 minutter, eller omtrent 601 256 040 sekunder.
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18th of May 2007 News
Nyheter slik de dukket opp på forsiden av New York Times på 18. mai 2007
Atmel Shareholders Vote Down Fired Chief’s Plan to Oust Board
Date: 19 May 2007
By Bloomberg News
Bloomberg News
Investors voted “overwhelmingly” in support of the current board, the company said.
G.M.’s Advertising Chief to Step Down
Date: 18 May 2007
By Bloomberg News
Bloomberg News
General Motors said its North American marketing and advertising chief, Mike Jackson, would leave the company June 15.
3 Department Store Chains Exceed Estimates
Date: 18 May 2007
By Bloomberg News
Bloomberg News
J. C. Penney, Kohl’s and Nordstrom reported first-quarter profits that surpassed estimates and they increased their full-year earnings forecasts.
State Attorney General Investigating Manhattan Real Estate Practices
Date: 19 May 2007
By Bloomberg News
Bloomberg News
The state attorney general is seeking information about whether brokers pressured appraisers to inflate property values.
Canada: Bank of Montreal Revises Trade Loss
Date: 18 May 2007
By Bloomberg News
Bloomberg News
Bank of Montreal, stung by a huge loss from natural gas trading, said the debacle would cost at least 50 percent more than originally forecast and started an investigation into potential irregularities. Bank of Montreal said it would record pretax losses of 680 million Canadian dollars ($618 million) from the trades, compared with an April 27 forecast of 350 million to 450 million Canadian dollars. Two New York-based bankers involved in the trades have left the firm. The bank said the losses were bigger than it originally forecast after it adopted a different pricing model to better assess the value of its natural gas options contracts. The revision also reflects “increased concerns” about the reliability of quotes from its main broker.
Qantas Chairwoman Decides to Retire
Date: 18 May 2007
By Bloomberg News
Bloomberg News
Margaret A. Jackson, the chairwoman of Qantas Airways, who was one of the proponents of a failed attempt to take the airline private, will retire, a company spokesman said. Ms. Jackson, 54, told the board that she would not seek re-election at the airline’s annual meeting in October, said Simon Rushton, a spokesman for Qantas. The buyout attempt, led by the Macquarie Bank and TPG, collapsed two weeks ago when investors rejected a cash offer of 5.45 Australian dollars a share as too low. The buyout group says it will not make another bid. Ms. Jackson joined the board in July 1992 and was appointed chairwoman in August 2000.
Mexico: Economic Growth Rate Slips in Quarter
Date: 18 May 2007
By Bloomberg News
Bloomberg News
Mexico’s economy grew in the first quarter at its slowest rate in more than a year as construction fell and automobile output declined on slumping demand in the United States. Gross domestic product grew 2.6 percent from a year earlier, the government reported. A growth rate of less than 3 percent suggests Mexico is failing to reduce dependence on exports to the United States, the destination for about 80 percent of the country’s sales abroad. Last year’s 4.8 percent growth, Mexico’s fastest in six years, was driven by strong United States demand, while the weakening economy last quarter similarly tracked the United States slowdown.
2 journalists working for ABC News are slain in Baghdad
Date: 18 May 2007
By David S. Cloud
David Cloud
BAGHDAD — Two journalists working for ABC News in Baghdad were ambushed and killed as they drove home, ABC said Friday.
2 journalists working for ABC News are slain in Baghdad
Date: 18 May 2007
By David S. Cloud
David Cloud
BAGHDAD — Two journalists working for ABC News in Baghdad were ambushed and killed as they drove home, ABC said Friday.