Tuesday 22 September 2009

Race row? I was black before I got elected, Obama points out to Letterman.



Race row? I was black before I got elected, Obama points out to Letterman. In the “our” Royalties and Concessions case, I should put this Times Online article in this way: “…Aluminium? I was high qualified technical before the coming to UK. Glugovsky points out to King. (Montague Pitman Stockbrokers). And not because of some “Slip in such important business maters”. But because between a heavy molesting all night, I was dreaming with two things. In one, I were walking through completely burned house. And in another having a clear message that the scout pictures (i.e. medvedev opening his account in Basel) – I simply shouldn’t call attention any more. First dream is not complicated to interpret. The Big Trading Superficies. Such as Calais, Tbilisi between others, to whom I should transport in my “ambulance”. Second, is a little bit tricky. Because dedicated to the scouts from “Dragons Den”. Mean, theirs commitment and discipline towards the “some task to ‘make me cama’. Well, yesterday my note picture and the interviews. Personally, I go to metaphorically dedicate this to the unethical policies of some muscle group of a “particular” architecture of “one special church”. And that’s all. In mean time, I should put out interview of PCP between the gato fedorento with face of EU god footballer Ricardo (which is the outstanding debts of UEFA to me – the Ricardo Perreira) and the “o nosso seralheiro”, how the chukcha Miller and Barroso call me, the mister Jeronimo de Sousa.

Rio Tinto asset disposals reach $7bn. September 22 2009 08:30. Rio Tinto on Tuesday said the value of agreed asset disposals in the past 18 months had risen to $7bn, following the sale of Alcan Composites, its maker of specialist composite materials, for $349m. The disposal of the business to Schweiter Technologies, a Swiss-listed machinery maker, forms part of the Anglo-Australian mining group’s debt reduction strategy. In 2007, the group made an ill-timed purchase of Alcan, the North American aluminium group, for $38bn. Rio had always planned to sell off Alcan’s non-core packaging operations but the disposals were disrupted by the financial crisis, which led to sharp reductions in asset valuations. “In the last three months we have made significant inroads into divesting the downstream assets acquired with Alcan, including offers or agreed sales for the majority of Alcan Packaging and Cable,” Guy Elliott, Rio finance director, said. Rio last month said it had received a $2bn offer from Australia’s Amcor for a large part of Alcan Packaging, including its pharmaceuticals, tobacco, and European and Asian food businesses. That deal followed the sale of Alcan’s American food packaging business to Bemis for $1.2bn. Last week, Rio announced the sale of 56 per cent of Alcan’s engineered products cable business to Platinum Equity for an undisclosed price. Alcan Composites is a materials manufacturing business focusing on sectors including display, architecture and wind energy. Mr Elliott said Schweiter was positioned to develop the business and the sale would realise value for Rio shareholders. Alcan Composites generated earnings before interest, tax, depreciation and amortisation of $54m on sales of $649m in the year to August 2009. The sale to Schweiter is expected to close by the end of the year and is subject to regulatory approvals and employee consultations. Rio’s London-listed shares were 50p or 1.9 per cent higher at £26.94 in early trading on Tuesday.

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