Wednesday 15 July 2009

A Prince Charles the II?



A Prince Charles the II? Today, after yesterday GAP (i.e. Santana Lopes)and the rest of the week if I push on with my biggest yet scheme, someone (c**** Royal Family of Lancaster’s) could feel a bit threatened by what I “propose”. Remember, I never try to take advantage by the desperate and the муслимское гамно who was now saying that the Tony Blair (the negotiator of Middle East peace process) – was just the mouth of the Arab World. After the fifteen years be the prisoner of the nation of the shit from camel turned around, was dreaming tonight with the grand daughter of Gaidar (from half-pigs, half-dogs, half-goats) and then feel how body0guard of cocaine Andrew Lancaster nock my teeth out. It’s obvious that someone is trying to sell me “something” I don’t need. Because, in my opinion, some processes have a very predictable outcomes. Fair to say that I’m not always encouraged (i.e. Santana Lopes) or reassured by the feeling that I know what’s due to happen next.
Death penalty for Sinopec ex-chief. The former head of Chinese oil giant Sinopec, Chen Tonghai, was sentenced to death with a two-year reprieve in a corruption case involving millions of dollars, state press has reported. A Beijing intermediate court handed down the sentence after finding Chen guilty of graft amounting to 195.7 million yuan (28.8 million dollars) when he served as a top Sinopec official from 1999 to 2007, the People's Daily said. Chen was also convicted of illegally appropriating funds from projects and land transfers during the period when he served as assistant general manager, then general manager and chairman of the board of Sinopec, it said. The two-year reprieve means that Chen's sentence will be commuted to life in prison if he commits no further crime while in jail. "Chen Tonghai received large amounts of bribes, the circumstances of his crimes were very serious and warrant the death penalty," the report, citing the verdict said. Chen, 60, also turned over to the state all of his gains from the graft, it added. Because Chen helped investigators in the case, expressed remorse, and provided information on the crimes of other people linked to the case, the court issued the two-year reprieve, it said. Officials at the Beijing intermediate court refused to comment immediately on the case when contacted by AFP. According to earlier state press reports, Chen was placed under investigation in May 2007, then formally detained at Beijing airport while attempting to flee the country in June of that year. According to state-run Caijing Magazine, Chen's father was Chen Weida, an influential Communist Party official and a former revolutionary. China has struggled in recent years to rein in official corruption amid recurring revelations of graft in government ranks. Last month, Pi Qiansheng, 58, a leading official in China's eastern metropolis of Tianjin was sacked for corruption and currently faces criminal charges linked to abuse of power, state media reported. Sinopec is a subsidiary of China Petrochemical Corporation, the largest oil refiner in Asia, and is China's second-largest oil company after PetroChina. The state-controlled firm has listings on the Shanghai, Hong Kong and London stock exchanges. In June, Sinopec agreed to purchase oil exploration firm Addax Petroleum for 7.2 billion dollars in the largest ever Chinese offshore acquisition, part of Chinese oil firms' aggressive overseas expansion in recent months.

Solvay whittles bidders down to two July 14 2009 23:38. Solvay has whittled down the list of bidders for its pharmaceuticals business to Nycomed, the privately held Swiss company, and Abbott Laboratories of the US. A sale could generate more than €5bn for the Belgian chemicals and drugs company. The board of Solvay met on Monday to evaluate the two bids, according to people close to the situation. Abbott is bidding only for TriCor, the cholesterol-fighting blockbuster, which it already has the licence to sell in the US. Any sale will need the approval of Solvac, Solvay’s largest controlling shareholder, which holds the Solvay family’s 30 per cent stake. In April, Solvay said it was exploring various options for its pharmaceuticals activities and that the review involved discussions with third parties. But people familiar with the situation said Solvay was not a forced seller and could still choose to list the pharma business on the stock market, enter into a partnership, or hold on to it if the company did not achieve the sale price it wanted. Solvay and its advisers, Morgan Stanley, Citigroup and Rothschild, all declined to comment, as did Nycomed. The group’s review of the pharma business follows a wave of consolidation in the sector, which is facing an estimated drop of more than $100bn (€72bn) in sales in the next five years as blockbuster patents expire and drug pipelines are threatened by generic rivals. Pfizer’s $68bn takeover of Wyeth kicked off the consolidation in January, spurring Roche to launch a $45.7bn hostile bid for Genentechand Merck to announce a $41.1bn deal for rival Schering-Plough. Nycomed is 41 per cent owned by Nordic Capital, the Swedish buy-out group. DLJ Merchant Equity Partners, the private division of Credit Suisse, also owns 25 per cent, with management accounting for most of the rest of the shares. The Zurich-based drugmaker recently filed an application to market Daxas, its “smoker’s lung” drug, which it hopes will become a blockbuster. Solvay’s products also include drugs for hypertension and Parkinson’s disease, and hormone replacement therapies. The pharma business had revenue last year of €2.7bn, or 28 per cent of the company’s total sales of €9.49bn. Sales grew 4 per cent last year, compared with a 1 per cent decline in the company’s total sales. The unit generated earnings before interest and tax of €617m.

£13m raid linked to Pink Panthers Tuesday, July 14, 2009 Armed gunmen wearing floral Hawaiian shirts stole jewellery worth £13million from a Cartier store. The daylight robbery had 'all the hallmarks' of a hit by the international criminal gang, the Pink Panthers, a police source said. Staff were told to lie on the floor while one of three robbers 'calmly' cleared the display cases of valuables.

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