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只看该作者 150 发表于: 2006-12-03
150、Wall Street gains foster IPO boom By JOE BEL BRUNO, AP Business Writer
54 minutes ago



NEW YORK - There's a billion dollar side benefit to Wall Street's fourth-quarter march into record territory ― 2006 looks to be one of the best years for initial public offerings since the end of the dot-com boom.

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With $8 billion of deals, last month was the biggest for IPOs since June, 2001, according to data provided by Dealogic, a market analysis company. It also was the best November since 1999, when technology stocks roared into the public markets.

There have been 172 IPOs so far in 2006 on the Nasdaq Stock Market and     New York Stock Exchange, compared to 199 at the same point last year, according to Dealogic. However, the amount of money raised because of the robust stock markets has risen 4 percent to $40.1 billion so far this year from $38.6 billion in all of 2005.

The trend is widely expected to continue, with investors seeing a varied crop of companies looking to float stock, observers said. Small to mid-cap growth companies are expected to be the biggest group pursuing IPOs this month and into early next year, and those have traditionally shown the best performance.

"If we have this kind of economy that is taking a Goldilocks shape, which is the     Federal Reserve warning but not raising rates, you're going to see more interesting IPOs and more growth companies," said Kathleen Smith, a principal at Renaissance Capital. "And, if you're patient, you can get in on it."

There are 11 deals already scheduled for December, and Smith contends more might be added as investment banks fast-track them to take advantage of Wall Street's record run. The Dow Jones industrial average is still near the record high levels it hit in November, and all the major market indexes are poised to finish the year with double-digit growth.

There is currently a backlog of 130 deals filed with the     Securities and Exchange Commission worth approximately $18.2 billion that have yet to launch. Market observers believe they'll likely approach the markets early next year.

However, there isn't the kind of IPO euphoria seen during the dot-com bubble. For example, companies from outside the U.S. are actually becoming more hesitant about listing in this country because of a strict regulatory environment that makes compliance more expensive.

Treasury Secretary Henry Paulson is trying to address those concerns. He said last week U.S. regulators must ease rules requiring public companies to test their internal controls under the Sarbanes-Oxley reform law.

"The real change that's going on is that a lot of IPOs are headed toward London and Europe because they're viewing the U.S. regulatory environment as too restrictive, and that's a problem," said Stephen Massocca, president of Pacific Growth Equities.

"There's a chance for a real big IPO cycle, but increasingly it's going to happen somewhere else and not here," he said. "There are still companies that are going to list in America, and feel there is just not a sufficient reputation in these offshore markets."

The rivalry between the Nasdaq and NYSE increased this year as both exchanges battled to attract the most number of IPOs. The Big Board has signed up 58 IPOs worth $26.9 billion this year, while the Nasdaq had 114 worth $14 billion, according to Dealogic.

The Nasdaq, however, said it had 135 initial public offerings this year, including all three of its exchanges ― the Nasdaq Global Select Market, the Nasdaq Global Market, and Nasdaq Capital Market. The NYSE, which has higher listing standards than the Nasdaq, had offerings from 17 closed-end funds that raised $18.4 billion in proceeds.

NYSE Inc. Chief Executive John Thain has made no secret of his desire to boost the number of IPOs, and is particularly keen on securing international ones. The NYSE had one of its biggest IPOs this year from China, medical devices maker Mindray Medical International Ltd.

On Tuesday, Thain gave a speech to Chinese business leaders calling for more deals.

"All of you who have a company even a quarter as good as Mindray, please come see me afterward and we can do business because we're definitely looking for the next 20 Mindrays," Thain said.
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只看该作者 151 发表于: 2006-12-03
151、Air Berlin orders 60 Boeing 737 jets Tue Nov 28, 7:53 AM ET



BERLIN - German budget carrier Air Berlin said Tuesday it is ordering 60 new Boeing 737 jets as it works to secure its future growth.

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Air Berlin did not specify how much it would pay. However, the company noted that its acquisition of German rival dba also included a purchase agreement for 25 other 737s from Boeing Co. and the company put the total list price at $5.7 billion for the 85 planes it expects to be delivered between 2007 and 2014.

Air Berlin, Germany's second-biggest airline after Lufthansa, recently acquired dba to expand its domestic business. The company said it was ordering the new aircraft to keep up with European competitors.

"By awarding this large contract, we are securing a favorable delivery price for the long term," CEO Joachim Hunold said in a statement. "The new planes are meant to replace expiring leasing contracts and to secure future growth."

Air Berlin currently has 62 planes in its fleet, while dba has 29.

Also on Tuesday, the company said third-quarter net profit rose 27 percent to 38.7 million euros ($50.8 million) from 30.6 million euros in the same period a year earlier. It included dba in its accounts starting in September.

Sales rose 28 percent to 510 million euros ($670 million).
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只看该作者 152 发表于: 2006-12-03
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Philly papers, union talks to continue By DEBORAH YAO, Associated Press Writer
Sun Dec 3, 1:58 AM ET



PHILADELPHIA - The largest union at Philadelphia's two biggest newspapers reported some progress after 14 hours of contract negotiations.

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A federal mediator sent home both sides at 12:30 a.m. Sunday. They planned to resume negotiations at 11 a.m.

Henry Holcomb, president of the Newspaper Guild of Greater Philadelphia, characterized the talks as "a business-like effort to resolve the issues."

"We made a lot of progress on non-economic issues, but we have not yet addressed the critical pension and seniority issues," Holcomb said in a statement. "We are getting down to the very serious matters at this point."

The Guild represents more than 900 editorial, advertising, circulation and clerical workers at The Philadelphia Inquirer and Philadelphia Daily News.

Even as talks were ongoing Saturday, union members were preparing for a strike.

Guild spokesman Stu Bykofsky said members were getting their press passes for PhilaPapers.com, the news Web site they plan to launch if there is a strike. It would compete with company-owned Philly.com.

"A strike is a nuclear bomb," Bykofsky said. "As long as progress is being made, you don't want to go nuclear."

The Guild had been prepared to strike anytime after midnight Thursday, when its contract expired. But it held off a threatened walkout after the union and management reported progress, and nine other unions still negotiating made clear they wanted to avoid what they said would be a damaging strike.

Philadelphia Media Holdings, an investment group which bought the former longtime Knight Ridder newspapers in June, is seeking contract concessions and job cuts amid sharp declines in advertising revenue and circulation.

The Guild has said it was most concerned about management proposals to freeze pensions and carry out layoffs without regard to seniority.

The last walkout at the newspapers was a 46-day strike in 1985.
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只看该作者 153 发表于: 2006-12-03
153、Ex-Livedoor exec denies breaking the law By HIROKO TABUCHI, Associated Press Writer
2 hours, 59 minutes ago



TOKYO - Disgraced Internet entrepreneur Takafumi Horie on Sunday accused a former subordinate of making false statements against him in court, and said neither had been aware of alleged accounting fraud at their startup, Livedoor Co.

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Prosecutors claim that Horie, currently on trial, orchestrated a complex scheme of stock sales and splits to inflate Internet services provider Livedoor's earnings.

Livedoor's former chief financial officer, Ryoji Miyauchi, has repeatedly testified in court that Horie directly supervised fraudulent accounting practices. Miyauchi has pleaded guilty to securities law violations in a separate trial.

"Nobody in the company knew that (these practices) might be illegal, even Miyauchi," Horie said on a TV Asahi talk show, his first television interview since he was arrested in January over alleged securities law violations.

"Mr. Miyauchi wants to get this over as soon as possible, and so is cooperating with prosecutors ... to come up with false statements," he said.

Horie's trial has drawn widespread media attention in Japan as the country grapples with a new breed of entrepreneurs who aren't afraid of defying established practices through bold takeover bids and other risky maneuvers.

Horie built up his Livedoor empire through repeated acquisitions of smaller rivals and tried, though unsuccessfully, to buy a professional baseball team and take over part of a powerful media conglomerate.

Another reason the trial has drawn attention is that Horie has pleaded not guilty ― a rare move in Japanese criminal trials. Many suspects sign confessions even before their trials open, some hoping to win a lighter sentence.

Horie's trial began in early September. A ruling is expected sometime next year.
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只看该作者 154 发表于: 2006-12-03
154、 Organic fish? It depends on its origin. By LIBBY QUAID, AP Food and Farm Writer
1 hour, 14 minutes ago



WASHINGTON - If you buy salmon with an organic label, do not assume it is truly organic. The round, green "USDA Organic" seal is not allowed on seafood. At least not yet.

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If the label says organic, the fish are not from the United States. Rather, they come from countries where chemicals and antibiotics might be used to keep fish healthy.

"You're paying more for something that is not any different and not any better for you, and certainly not better for the environment," says Andrea Kavanagh, who heads the Pure Salmon Campaign for the National Environmental Trust.

Those who sell organic fish say the fish have been raised as naturally as possible and certified in other countries that recognize the organic designation.

In the United States, an organic label has very specific meanings, depending on the product:

_Food animals cannot be given antibiotics or growth hormones.

_No pesticides, synthetic fertilizers or genetic engineering are allowed.

_Farms must be certified by a government-approved agent.

In other countries, the rules are not always so strict. For example, Europe allows antibiotics if an animal is sick. Also, organic salmon farmers can use a pesticide to control a vermin called sea lice.

Seafood raised under these rules are sold in American supermarkets and restaurants, often with an organic label. The U.S. government says that is OK, even if chemicals or antibiotics are present.

___

On the Net:

National Organic Program: http://www.ams.usda.gov/nop/indexIE.htm
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只看该作者 155 发表于: 2006-12-03
155、 Feds: Pa. philanthropist skipped taxes Sat Dec 2, 5:53 PM ET



PHILADELPHIA - Federal prosecutors contend a businessman known for pledging money to help track down criminals has pocketed $3.2 million of income over the past several years while not paying federal taxes since 2000.

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Court papers allege Joe Mammana diverted millions from his Yardley egg farm into his personal checking account and four other business accounts to avoid income taxes.

Mammana has been "lining his pockets and accumulating luxury cars and a luxury house with the proceeds of his business, all while refusing to report this illicit income to the IRS," the U.S. Attorney's Office said in court papers Friday.

The court filing requested Mammana be kept in custody while awaiting trial on recent gun charges. U.S. Magistrate L. Felipe Restrepo granted the request, denying bail because he said Mammana was a flight risk.

Mammana was arrested on Thursday, the day after authorities found a loaded handgun in his home during a search for evidence of possible mail and wire fraud, according to an arrest warrant.

He has a lengthy criminal record that includes convictions for aggravated assault, larceny and narcotics violations.

The felon-turned-philanthropist has offered reward money in numerous high-profile cases, including the disappearance of Alabama teenager Natalee Holloway in Aruba last year and the death of Julie Popovich, whose skeletal remains were found Sept. 1 near an Ohio reservoir.

Mammana is embroiled in a lawsuit with an Ohio crime-stoppers group that alleged he reneged on the reward offered in the Popovich slaying. The head of the group, Kevin Miles, is also suing Mammana, saying someone with a baseball bat attacked him and told him to drop the lawsuit.

Mammana said he had nothing to do with the attack.


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只看该作者 156 发表于: 2006-12-03
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La. slay suspect 'didn't look scary' By MARY FOSTER, Associated Press Writer
Sat Dec 2, 10:53 PM ET



HOUMA, La. - A man booked on murder charges in the investigation of a possible string of serial killings didn't raise eyebrows when he checked into a homeless shelter two days before his arrest, people who met him said Saturday.

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"He didn't look scary," said Phillip Breaux, who spent time with Ronald J. Dominique at the shelter in this Cajun city about 60 miles southwest of New Orleans. "If they hadn't arrested him, he could have stayed here 20 years and nobody would have thought anything about him."

Dominique was arrested and booked Friday on charges of first-degree murder and aggravated rape in the May 1999 strangling death of Manuel Reed, 20, and second-degree murder in the October 1998 death of Oliver Lebanks, 27.

A task force has been investigating the slayings of 22 men, including Lebanks and Reed, in southeastern Louisiana. The first was found in 1997, the last less than a month ago.

On Friday, authorities would not say whether they believed Dominique was connected to other slayings but said more charges were possible.

Officials said forensic evidence led them to Dominique, 42.

Terrebonne Parish Sheriff Jerry J. Larpenter said Saturday that Dominique was working with investigators, but the sheriff would not provide details about what he had told authorities. More information would be released at a Monday news conference, Larpenter said.

Dominique checked into Bunk House Inn, Inc. on Wednesday afternoon.

"He didn't say too much," said Raymond "Pappy" Bourg, the shelter's assistant manager. "He said he had a heart problem and was trying to get his     Social Security but that was about it.

"You wouldn't suppose this dude could do what they said. He looks like somebody from a church."

Houma Police Sgt. Bobbie O'Bryan, who operates the shelter with his wife, said detectives asked him about Dominique on Thursday and watched him at the shelter through video surveillance before arresting him Friday.

"He was very calm," O'Bryan said. "The officers didn't even handcuff him because at the time they said they only wanted to question him."

Until Friday, many authorities ― including Attorney General Charles Foti ― shied away from saying southeastern Louisiana had its third serial killer investigation in a matter of years.

Many of the men killed were poor; some were willing to trade sex for drugs. They had been strangled without the bruises or broken bones that would indicate a struggle.
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只看该作者 157 发表于: 2006-12-03
157、Bollywood stars face court action over kiss 2 hours, 11 minutes ago



BHOPAL, India (Reuters) - A kissing scene from a movie starring Bollywood actors     Aishwarya Rai and     Hrithik Roshan has irked a lawyer who has filed a criminal case against them, accusing them of obscenity, he said on Sunday.

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Shailendra Dwivedi of Indore, near Bhopal, the capital of central Madhya Pradesh state, said the scene from the movie, titled "Dhoom 2," lowered the dignity of Indian women and gave an obscene message to youth.

"Bollywood actors are conveying vulgarity in the society," Dwivedi told Reuters. "These films cannot be watched with our families, they are so vulgar at times."

A local court accepted Dwivedi's petition to punish the actors and said it would hear the petitioner on December 11.

The Indian censor board, which certifies all films, released the movie with a "parental discretion" certificate.

A majority of Indians frown upon intimacy in public.
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只看该作者 158 发表于: 2006-12-03
158、German Communist era film wins top Europe award
Sat Dec 2, 2006 5:15pm ET
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WARSAW (Reuters) - "The Lives of Others", a drama about a secret policeman in Communist East Germany, won the top prize at the European Film Awards on Saturday held in Poland's capital.

The film beat Spanish director Pedro Almodovar's "Volver", which won five awards, including best director and best actress for Penelope Cruz.

"It means a lot to me to get this award here, since my father was born in this country," said Florian Henckel Von Donnersmarck, the director of the winning film called "Das Leben Der Anderen" in German.

It was the first time the awards were held in ex-Communist Eastern Europe.


Reuters Pictures

Editors Choice: Best pictures
from the last 24 hours.
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Ulrich Muehe took home best actor for his portrayal in "The Lives of Others" of a policeman who becomes engrossed in the lives of a playwright and his girlfriend whom he is spying on.

Donnersmarck told the audience he lived in a monastery to avoid distraction while writing the first draft of the film, set five years before the fall of the Berlin Wall.
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只看该作者 159 发表于: 2006-12-03
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'Butley' has been with Lane a long time By MICHAEL KUCHWARA, AP Drama Writer
Sat Dec 2, 8:04 PM ET



NEW YORK - Nicholas Martin, who knows about such things, calls     Nathan Lane "the last big stage star who can sell tickets."

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"He's a real theater animal," explains Martin, who has just directed Lane in the Broadway revival of Simon Gray's stark, sardonic comedy, "Butley," the tale of a complex man's emotional unraveling.

"If there were actual appreciators of the arts in government, I think Nathan would be on a postage stamp," Martin says with a laugh.

High praise for this actor, who recently sat at a table in a Tribeca restaurant on a cold, rainy day and talked, between bites of a ham-and-cheese sandwich, about "Butley," now on view at the Booth Theatre. The play has been with him for a long time.

Back in the early 1970s, a teenage Lane saw a matinee of the original Broadway production of "Butley," starring Alan Bates, the man who created the role in London and later starred in the film version.

"I remember being thrown by the (English) accents and not exactly understanding what was going on," Lane recalls, but he was mesmerized by Bates and what Lane describes as the man's "sad journey."

The play tells the story of a desperate British academic who has lost his wife, his boyfriend and pretty much his self-respect as he dismisses those around him with savage, self-deprecating humor.

Flash forward years later to a time in the mid-1980s when Lane appeared off-Broadway in another Simon Gray play, "The Common Pursuit." Author and actor became friends, with the playwright telling the young performer, "When you are old enough, you would make a terrific Butley."

But it wasn't until the late 1990s, after Gray wrote Lane a letter saying, "Isn't it time we reconsider this project," that things began to move forward.

Enter Martin, artistic director of Boston's Huntington Theatre Company. The two men had been friends for years, so Lane called him after one of the actor's short-lived TV series expired. "I would like to come to Boston to work on a serious play," he told the director.

They talked about three plays: Eugene O'Neill's lengthy "A Moon for the Misbegotten" ― "I told Nathan I just couldn't spend that much time in a rehearsal room," Martin jokes; "Cyrano de Bergerac" ― "Still a good idea," Martin says, and "Butley," which got the director's vote.

The production opened in Boston in fall 2003 and became the biggest selling ticket the Huntington ever had, according to Martin. Lane's potency at the box-office, buoyed undoubtedly by the gargantuan success of "The Producers" in 2001, was demonstrated again with the 2005 Broadway revival of Neil Simon's "The Odd Couple" and again this fall with "Butley," which, despite sniffling from a few critics, has done respectable business.

"It's been an emotional experience," Lane says of his current production, which is indelibly linked to his stage beginnings. "Simon and I have been friends for a long time and have always stayed in touch. And then, each night, I look over and see Dana Ivey (now in the cast of `Butley') with whom I made my Broadway debut in `Present Laughter' in 1982."

The Noel Coward comedy was the start of Lane's New York appearances, a lengthy list of shows that includes such esoteric offerings as "Merlin" and "Wind in the Willows"; Stephen Sondheim shows such as "A Funny Thing Happened on the Way to the Forum" and "Frogs"; and a hugely popular revival of "Guys and Dolls" that ran almost as long as the original.

Though fascinated by Bates' performance, Lane set out to find Ben Butley on his own.

"You can't do what Alan did," the actor says. "If that were the case, we would only do plays once. But I am a totally different person and it's a totally different time.

"I have been through this before where someone has put a stamp on something and you're taking it on. It's not unusual territory for me. With this play, in some ways, it has been avoided because of that shadow which has been cast."

And the role is quite a marathon ― Butley never leaves the stage for two acts.

"There's a lot going on," Lane explains. "Butley is a troubled soul ― an alcoholic and really kind of hell-bent on self-destruction. It's watching this man spiral out of control. The thing is, it is very funny along the way. And he can't stop himself.

"`Butley' is a hard play to describe and to play. It's a lot like life. One moment it's funny and then the next moment it's not so funny. And for any audience, `Butley' is not an easy evening. This is like tuning into the second episode of a very dark, sophisticated television series and you have to catch up."

Lane is a craftsman, an actor who prides himself on working hard and then reworking a performance.

"There is no one who comes to rehearsal like Nathan," Martin says. "He arrives with what other people consider a full performance and his lines learned on day one."

After his run in "The Odd Couple" ended last June, Lane, who lives on Long Island, took the entire summer off before starting work on "Butley."

"You need time to recharge and get away from show business," the actor says. "My partner and I just got a new puppy, so we're becoming parents."

After "Butley" closes Jan. 14, Lane's options are open, although the possibility of his playing Falstaff, one of Shakespeare's most famous characters, in a production of "Henry IV" has been discussed.

Lane doesn't think he will go back into "The Producers" before the end of its Broadway run.

"It was one of the great experiences of my life," says the actor, who already has returned once to the New York production and opened the show in London. "Who wants to go back ― and what if they are not so excited to see you again?"
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