Saturday 17 October 2009

“Dani Kosinski”.


“Dani Kosinski”. Yet on Thursday (the 15 0ctober) they should be signed this contract. This Project that have been in my works for a while, but has been today revamped a new. Well, even from the highs of my condition, the best laid plans can go awry. To speak theirs language, the 1% from the £4 billion that the Berlin are pledging for Opel – “virtually” gives a £400 million for me. And this is not my temptation to take any short-cuts. It is the situation in which I keep to be on top of things. The time which brings increasing understanding of both, my own ideas and goals, and the position and thinking of others.

1.) Bruxelas alerta para violação de regras europeias no negócio da venda da Opel A Comissão Europeia levantou, esta sexta-feira, sérias dúvidas aos apoios dados pelo Governo alemão à construtora automóvel da marca Opel. Em comunicado, Bruxelas adverte a Alemanha que detectou forte indícios de violação das regras europeias da concorrência. Em causa está a venda da Opel ao consórcio constituído pela empresa canadiana, Magna, e pelo banco russo, SberBank, porque o Governo de Berlim pormeteu conceder uma ajuda de 4,5 milhões de euros à Opel, caso o negócio da compra pela Magna avance. Vários países europeus, entre eles, a Bélgica e o Reino Unido, entenderam que estee apoio violava as leis da concorrência. Agora, a comissária europeia da concorrência reconhece-lhes razão e confirma que os resultados preliminares do inquérito apontam para uma séria violação das leis da concorrência, o que pode comprometer este negócio. Ontem às 20:58

1.) Germany defends Opel deal. Saturday, 17 October 2009 12:40 UK. Germany says EU concerns about the sale of carmaker Opel to Canada's Magna do not put the deal at risk. Economy Minister Karl-Theodor zu Guttenberg said the deal was "on track" and ministers could address EU doubts. The European Commission warned on Friday that planned state aid for Opel might breach competition rules. Brussels said there were "significant indications" Berlin pledged the 4.5bn euro ($6.7bn; £4bn) aid only if its preferred buyer for Opel was chosen. On Friday, Competition Commissioner Neelie Kroes wrote to Mr Guttenberg and pointed to "significant indications" that aid to Opel was subject to the precondition that a Magna was selected as buyer - a stance that would run counter to EU competition rules. Asked whether the concerns could doom the sale to Magna, Mr Guttenberg said: "No, I don't believe that." "There is no alternative to following the rules. We hope this will not be delayed, " he added. Both the Belgian and Spanish governments said last month that they wanted the Commission to study Germany's role in the sale of Opel. Magna's proposed deal with GM will see it take a 55% stake in Opel, with GM keeping 35% and 10% going to employees. Opel currently employs about 50,000 people across Europe, including 5,500 at its Vauxhall business in the UK, and 25,000 in Germany. Magna is proposing 10,500 job cuts in total at Opel, including 4,500 in Germany. Despite Magna being yet to conclude its takeover of Opel, earlier this week it secured an agreement with the UK union Unite over job cuts at among the 5,500 workers at the two Vauxhall plants in Ellesmere Port and Luton. Magna has agreed to limited job loses to 600 people, and only through voluntary redundancy.

1.) EU questions German state aid for Opel. The German decision to offer state aid to ailing car-maker Opel has raised eyebrows in Brussels, which says there are “significant indications” that the plan does not satisfy EU competition rules. The Competition Commissioner Neelie Kroes has written to Germany’s Economy Minister Karl Theodor zu Guttenberg voicing her reservations about Berlin’s backing for Opel. Canadian car parts maker Magna International and Russian lender Sberbank won the race to buy a majority stake in General Motors’ European arm, which employs about 50,000 people across the continent. The sale has yet to be finalised, but it has worried other EU member states who accuse Berlin of offering aid to limit potential job cuts in Germany. Copyright © 2009 euronews17/10 09:05 CET.

1.) Продажу Opel перенесли на неделю. Алексей Непомнящий Ведомости. 16.10.2009, 19:44. Окончательный договор о продаже 55% Opel будет подписан в ближайший вторник или среду, сообщает Automotive News со ссылкой на немецкую газету Die Welt, которой рассказали об этом несколько источников. Соглашение должно было быть подписано еще в четверг, 15 октября. Однако подписание отложили из-за того, что Германия и Еврокомиссия до сих пор улаживают разногласия относительно выделения германским правительством 4,5 млрд евро помощи на реструктуризацию Opel и ее британской «сестры» Vauxhall. Ранее сообщалось, что еврокомиссар по конкуренции Нели Кроус выступает против сделки, поскольку уверена, что она противоречит европейскому антимонопольному законодательству, напоминает Automotive News. Однако в четверг представитель Кроус опроверг информацию о том, что она не готова одобрить сделку или требует проведения нового тендера по продаже Opel. В сентябре GM объявила, что намерена продать 55% Opel консорциуму канадской Magna иСбербанка, которые обязались инвестировать в предприятие 500 млн евро. 35% акций Opel останутся у GM, еще 10% отойдут рабочим немецкого автопредприятия. Согласно планам Magna, на заводах Opel планируется сократить 10 500 человек.

2.) Six charged in $20m insider trade case. October 16 2009 21:41. Billionaire investor Raj Rajaratnam and present and former executives of Bear Stearns, IBM, Intel and McKinsey were charged on Friday in an alleged insider trading scheme that US prosecutors called the biggest ever involving hedge funds. In a possible sign of escalating federal efforts to uncover white collar crime, Preet Bharara, US attorney in Manhattan, said the case marked the first time court-authorised wire taps – a traditional tool of investigators pursuing mob bosses and drug kingpins – had been used in a significant insider trading case. Mr Bharara said the investigation, aided by an unnamed co-operating witness, was continuing. He said the charges “should be a wake up call for every hedge fund manager and every Wall Street trader and every corporate executive who is even thinking about engaging in insider trading”. Prosecutors claimed Mr Rajaratnam, founder of the Galleon hedge fund, and others used insider information from sources inside hedge funds, public companies, Moody’s Investors Service and an investor relations firm to trade ahead of earnings announcements, acquisitions and joint venture deals. The alleged scheme, which ran from 2006 until earlier this year, involved trades in companies includingGoogle, IBM, Sun Microsystems and Hilton and produced profits of more than $20m, most of which went to Mr Rajaratnam, according to federal prosecutors. The Securities and Exchange Commission, which brought civil charges, put the proceeds of the scheme at more than $25m. Among those charged with trading on and providing tips were Mr Rajaratnam; Danielle Chiesi, an employee of New Castle, a hedge fund set up by Bear; and Mark Kurland, a New Castle executive who formerly served as Bear’s head of research and asset management. Some alleged offences occurred after Bear – and New Castle – were acquired by JPMorgan Chase in March last year. New Castle, which faces civil charges filed by the SEC, was separated from JPMorgan in late 2008. Among those charged with providing inside information were Robert Moffat, a senior vice-president at IBM; Rajiv Goel, a director in strategic investments at the investment arm of Intel; and Anil Kumar, a director at McKinsey. Mr Kumar said he was shocked by the complaint and emphatically denied all charges. Moody’s said last night: “Moody’s has strict policies against divulging confidential information, and the alleged wrongdoing by an individual at Moody’s would be an egregious violation of Moody’s policies and values.” Mr Rajaratnam, named this year as the 236th richest American by Forbes, was due to fly to London yesterday, according to court documents, with a return flight to New York from Geneva scheduled for October 22.

2.) Hairy Biker injured in crash October 16, 2009. One half of the Hairy Bikers was taken to hospital yesterday after being injured in an unfortunate motorbike crash. Roaming chef Simon King was forced off his new bike whilst riding through Newcastle with his TV cooking partner Dave Myers. King is reported to have hurt his leg when he came off his £14,000 black-and-red Ducati motorcycle. The duo were on their way to film their BBC Christmas special when the accident happened. Luckily King was not badly injured and after receiving treatment to a knee injury is now recovering at home. The BBC have said filming of the festive series inspired by the Twelve Days of Christmas song has been halted. One half of the Hairy Bikers was taken to hospital yesterday after being injured in an unfortunate motorbike crash. Roaming chef Simon King was forced off his new bike whilst riding through Newcastle with his TV cooking partner Dave Myers. King is reported to have hurt his leg when he came off his £14,000 black-and-red Ducati motorcycle. The duo were on their way to film their BBC Christmas special when the accident happened. Luckily King was not badly injured and after receiving treatment to a knee injury is now recovering at home. The BBC have said filming of the festive series inspired by the Twelve Days of Christmas song has been halted. We hope the culinary King makes a speedy recovery and soon gets back on his bike.

2.) Chinese man arrested in U.S. for stealing Ford docs. Thu Oct 15, 2009 5:08pm EDT. WASHINGTON, Oct 15 (Reuters) - A Chinese man who formerly worked at Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) has been arrested and charged with stealing trade secrets, including sensitive design documents, from the automaker, the U.S. Justice Department said on Thursday. Authorities on Wednesday arrested Xiang Dong Yu, a product engineer at Ford from 1997 to early 2007, on charges he attempted to steal Ford trade secrets, stole some documents and used them to try to get work with Chinese automotive companies, the department said. A federal grand jury in Detroit indicted Yu on five counts in July but it was sealed until he was arrested after arriving in Chicago from China. Four of the counts each carry a penalty of up to 10 years in jail and a $250,000 fine while the fifth count carries up to five years in jail and a $250,000 fine. "We are aware of the situation and we are cooperating with the proper authorities," Ford spokesman Mark Truby said. The indictment accused Yu of taking certain Ford design documents in 2005 to try to get a new job during a trip to China to meet with representatives of Chinese automotive companies. In late 2006, Yu succeeded in a his attempt to find a new job with Foxconn, PCE Industry Inc and copied over 4,000 documents to an external hard drive before traveling to China to his new company's manufacturing hub, according to the indictment. The indictment said that Yu emailed his supervisor from China saying that he would be leaving Ford after he returned to the United States and he began working for Foxconn, PCE Industry Inc in early 2007. A year later, he tried to use information he took from the U.S. automaker to get a job with Shanghai Automotive Industry Corp, which competes with Ford, but he failed, the indictment said. He later accepted a position at Beijing Automotive Corp, another Ford competitor, it said. Yu is accused of copying designs that include Ford's engine and transmission mounting subsystem, front and read side door structure, steering wheel assembly and the instrument panel and console subsystem, among others, according to the indictment. (Additional reporting by David Bailey in Detroit, editing by Carol Bishopric and Tim Dobbyn)

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