Tuesday 13 April 2010

Efficient process? – bare with me!


Efficient process? – bare with me! If I’m looking always for trust and reliability why should I pay attention to the Hospital warden or 4th level inside of the City of London Corporation position? (The not so much “possible” position now.) Just because I can’t visualize the 350 million euros in the Smolensk forest? It’s for me to be aiming low, almost at the eye-to-eye level. Exact level which was proposed today morning. And which was provocate by the Prince Phillip to selling me the his son at the modest quantity of £10. (The BNB Recruitment Solution Plc Company). The simplest way to visualize how the general things in my life come to almost total “hold”. Passing now represent only the cocaine Royal Family of Lancaster’s determination to finishing with me through this drip, drip, drip torture. And I, by my natural greediness, come to here again with a some real solution. Not because the Ukrainian President are selling his son (like the Barroso made for two decades) to the military. Not because the Putin and medvedev are notably insolvent in the Kirgizstan. Theirs, famous by now: “Such a shame that you are not in our team…” Even not because I was dreaming with black fox going to West-East took a big tumble… (Indonesian plane). You see, some people talk a lot, but they don't really say anything. Some people do a lot, but they don't really get anything done. It's easy to use up a lot of energy without getting a worthwhile result. Like that cat Garfield say once: “Worth working – is a worth working for…”. And I agree with him. That's that pitfall that I now need to be looking out for. To hit my target in much possible and cost-effective way preferable just build one careful aim. Was Elzabeth the II who say that a seemingly complex and daunting task can’t be transformed into an easy and efficient process?

Pimco's El-Erian: Greece aid tackles liquidity, not solvency. Mon Apr 12, 2010 4:26pm BST
NEW YORK, April 12 (Reuters) - Euro zone member states' commitment to provide up to $40 billion in loans to Greece addresses liquidity support rather than solvency issues for the indebted country, the chief executive of Pimco told Reuters. Mohamed El-Erian, chief executive and co-chief investment officer of Pacific Investment Management Co., said on Monday that Sunday's agreement of a euro zone loan package tackles a liquidity crisis, not a fundamental crisis. "Yet markets have signaled that Greece faces both refinancing, or liquidity challenges, as well as stock of debt, or solvency challenges," El-Erian said.

The Pacific Investment Management Company, LLC (PIMCO), is an investment company and runs the Total Return fund, the world’s largest mutual fund.[1] Founded in 1971 in Newport Beach, California, with just US$12 million in assets under management at the time, it is now owned by Allianz, a global insurance company based in Munich, Germany, who bought the company in 2000. Mohamed A. El-Erian is PIMCO's chief executive officer and co-chief investment officer along with co-founder William “Bill” Gross. Gross manages PIMCO's Total Return Fund, which has over USD 200 billion under management.[1] As of March 31, 2009, PIMCO in total had over USD 756 billion in assets under management and more than 1,200 employees and reached the USD 1.0 trillion mark on January 14, 2010. On May 16, 2007, former Federal Reserve Chairman Alan Greenspan was hired as a special consultant by PIMCO and he will participate in PIMCO’s quarterly economic forums and speak privately with the bond manager about Fed interest rate policy.

Lubrizol makes offer for chemicals rival Cognis. April 13 2010 08:50. Lubrizol, the US speciality chemicals company, has made an offer to buy Germany’s Cognis in a deal that could value its rival at €3bn ($4.1bn, £2.6bn). Lubrizol, which is the world’s largest maker of lubricant additives, approached Cognis’s owners Goldman Sachs and Permira earlier this month, people close to the situation said. If Lubrizol succeeded in acquiring Cognis, it could help prevent the US company from becoming a buy-out target itself. Credit default swaps tied to the debt of the Lubrizol, which is based in Wickliffe, Ohio, have been rising in recent weeks after several analysts suggested that private equity groups might be interested in Lubrizol. Goldman and Permira bought Cognis, which specialises in food additives, health products, detergents and other speciality chemicals, nine years ago for €2.5bn. In the following years, they made use of the buoyant bank markets at the time to push Cognis’ debt load higher to pay themselves dividends. Despite reducing its leverage somewhat in recent years, Cognis still had net debt of €1.9bn at the end of 2009. Its owners have also been exploring a possible initial public offering. Antonio Trius, Cognis’ chief executive, last month called an IPO a “clear possibility”. However, the company’s debt load and its negative equity of €762m present a considerable stumbling block for such a move. “An IPO would be very difficult,” one banker close to the situation said. BASF has been also been pondering a bid for Cognis. The German chemicals group has held exploratory talks with Goldman and Permira, but it remained unclear whether this would lead to a bid.

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