The America's Intelligence Wire articles from June 2004

The America's Intelligence Wire archives from June 2004

UPDATE 1-Sun shows off products, services in China.
June 1, 2004... (From CBS Marketwatch (Stories)) SAN FRANCISCO (CBS.MW) -- Sun Microsystems executives will host an event in Shanghai on Tuesday, in which they will unveil products and services the company says are focused on new business models of...

Saudi port-city attack jars oil market.
June 1, 2004... (From CBS Marketwatch (Stories)) NEW YORK (CBS.MW) -- Oil markets will resume trading in the United States and London on Tuesday after a weekend terror attack in the heart of Saudi Arabia's petroleum infrastructure raised new concerns...

Dollar firms vs. yen in Asia.
June 1, 2004... (From CBS Marketwatch (Stories)) TOKYO (CBS.MW) - The dollar was higher against the yen by midafternoon Tuesday in Asia as market participants bought back the U.S. currency on the perception that it was oversold while U.S. markets were...

LEAD STORY - LESBIAN MOM CANNOT KEEP HER DAUGHTERS.
June 1, 2004... (From Santiago Times) Supreme Court Ruling Sets Precedent For Future Cases The Supreme Court ruled Monday that a lesbian mother living with her female partner cannot maintain custody of her three daughters from her previous...

NEWS BRIEFS - CHILE TOPS LEAGUE OF AMERICAN SMOKERS.
June 1, 2004... (From Santiago Times) Figures released for Mondays 'World No Tobacco Day' listed Chile and Argentina as the two top-of-the-league American countries in terms of smokers, each with around 45 percent of men and 35 percent of women addicted...

FATHER HURTADO SET FOR THE SMALL SCREEN.
June 1, 2004... (From Santiago Times) Its not just the Vatican who is preparing for the official declaration of Father Hurtados sainthood. Two Chilean television stations, state-run Channel 7 (National Television Network or TVN) and private Canal 13, are...

FEATURE STORY - THE SURPRISING DECISION TO LIFT PINOCHET'S IMMUNITY.
June 1, 2004... (From Santiago Times) La Nacion Columnist Examines Appeal Courts Ruling (Ed. Note: Santiagos Appeals Court ruled Friday that former dictator Gen. Augusto Pinochet can be tried for human rights abuses he allegedly committed during his...

EASTER ISLAND TO GET PROTECTION FROM EFFECTS OF TOURISM.
June 1, 2004... (From Santiago Times) In a nod towards sustainability, the World Monuments Fund (WMF) is to invest US$112,000 protecting the Easter Island moai statue 'nursery' from the ravages of tourism and other, more natural, phenomena. Despite...

MINING MINISTER EVALUATES ROBBERY CASE, CHINESE INVESTMENT.
June 1, 2004... (From Santiago Times) Mining Minister Alfonso Dulanto this week will evaluate how to best respond to the copper theft that was recently discovered at the state-owned National Copper Corporation (CODELCO). While initial reports set the...

MINING NEWS - FIRST-EVER APEC MINING MINISTERS MEETING.
June 1, 2004... (From Santiago Times) For the first time in history of the Asia-Pacific Economic Cooperation Forum (APEC), mining ministers from the Member Economies are meeting in Chile for three days to discuss issues impacting the Asia-Pacific mining...

BUSINESS BRIEFS - SERNAPESCA WORKERS END STRIKE.
June 1, 2004... (From Santiago Times) The 294 workers at the National Fishing Service (SERNAPESCA) ended a strike Monday morning aimed at securing better pay. The strike began May 19 after the Finance Ministrys Budget Director refused to approve a salary...

METROGAS IS ASKED TO ASSUME COSTS OF GAS RESTRICTIONS.
June 1, 2004... (From Santiago Times) The Association of Industrial Companies of Northern Santiago asked the natural gas distributor Metrogas to pay extra costs related to natural gas supply restrictions from Argentina. Metrogas is one of several...

CHILEANS INVEST IN THE UNITED STATES.
June 1, 2004... (From Santiago Times) Central Bank figures released Monday show that most of Chiles foreign investment during the first four months of the year went to the United States, the Cayman Islands and Argentina. Chilean investment abroad in...

AstraZeneca to show Iressa data at ASCO meeting.
June 1, 2004... (From CBS Marketwatch (Pulses)) LONDON (CBS.MW) -- Drugmaker AstraZeneca , a FTSE 100 stock, said it planned Saturday to present data from the final survival results from more than 21,000 non-small-cell lung cancer patients who received...

Adecco: no restatement to '03 accounts, '03 net up 26%.
June 1, 2004... (From CBS Marketwatch (Pulses)) LONDON (CBS.MW) -- Adecco , the Swiss staffing firm whose stock has been hit by its investigation into internal controls in one of its U.S. subsidiaries, said on Tuesday that its 2003 audit work was completed...

Marks & Spencer's new CEO to fight Green offer moves.
June 1, 2004... (From CBS Marketwatch (Pulses)) LONDON (CBS.MW) -- British retailer Marks & Spencer , a FTSE 100 stock, confirmed that its board tapped Stuart Rose to replace Roger Holmes as chief executive. Chairman Luc Vandevelde was also replaced as...

UBM to buy MediMedia drug businesses for $344 mln.
June 1, 2004... (From CBS Marketwatch (Pulses)) LONDON (CBS.MW) -- United Business Media has submitted a binding offer to acquire MediMedia's drug information businesses in continental Europe and Asia, and all the trade press, patient education and pharma...

Ryanair FY profit eases 5%, expects winter fare slash.
June 1, 2004... (From CBS Marketwatch (Pulses)) LONDON (CBS.MW) -- Irish discount airline Ryanair on Tuesday said adjusted year to March 31 profits declined 5 percent to 239.4 million euros, on sterling weakness, the war in Iraq, the threat of terrorist...

Eircom sees 100,000 DSL users by end 2004.
June 1, 2004... (From CBS Marketwatch (Pulses)) LONDON (CBS.MW) -- Irish fixed-line telecoms Eircom Group , a March 2004 London IPO, said it remained confident it will meet a target of 100,000 broadband users by December 2004, up from the 50,000 users at...

Eircom sees 100,000 DSL users by end 2004.
June 1, 2004... (From CBS Marketwatch (Pulses)) LONDON (CBS.MW) -- Irish fixed-line telecoms Eircom Group , a March 2004 London IPO, said it remained confident it will meet a target of 100,000 broadband users by December 2004, up from the 50,000 users at...

Ofcom sets U.K. mobile termination fee cuts.
June 1, 2004... (From CBS Marketwatch (Pulses)) LONDON (CBS.MW) -- Ofcom, the U.K. telecoms regulator, on Tuesday said that Vodafone and Mmo2 average termination charges should be reduced from around 8p per minute to 5.63p per minute, while T-Mobile and...

Updates, advisories and surprises.
June 1, 2004... (From CBS Marketwatch (Stories)) Eircom sees 100,000 DSL users by end 2004 (2:57 AM ET) LONDON (CBS.MW) -- Irish fixed-line telecoms Eircom Group, a March 2004 London IPO, said it remained confident it will meet a target of 100,000...

Promises, promises but tax bill grows: Ex-JDS workers still fighting for fairness.
June 1, 2004... (From Financial Post) It's a promise and it's on the record. That's a big step in itself. But the fight for tax justice isn't over yet in Victoria. Late last week, Paul Martin told former JDS Uniphase Corp. workers in the B.C. capital...

Citigroup poised to buy Hynix unit for US$820M.
June 1, 2004... (From Financial Post) SEOUL - Hynix Semiconductor is poised to sell its non-memory business to the private equity arm of Citigroup for US$820-million in a deal that could help fund the South Korean company's planned chip plant in China....

CanJet adds route from Halifax to Orlando.
June 1, 2004... (From Financial Post) CanJet Airlines plans to add non-stop service between Halifax and Orlando, starting Oct. 31, the Halifax low-fare carrier announced yesterday. The move is aimed at the Atlantic Canada market and is an attempt to...

Oilsands to get more foreign workers.
June 1, 2004... (From Financial Post) FORT MCMURRAY, Alta. - The oilsands industry will be getting more foreign workers as part of a new agreement between the federal and Alberta governments. The deal recognizes a shortage of available tradespeople...

Nortel to issue restructuring update tomorrow.
June 1, 2004... (From Financial Post) Nortel Networks Corp. is expected to provide the first biweekly update on its restructuring before markets open tomorrow, Ontario Securities Commission officials said yesterday. At an OSC hearing, a panel of three...

Today's Calendar.
June 1, 2004... (From Financial Post) Baden TechnologiesInc. (special & annual) Calgary 1:30p.m. Bombardier Inc. (annual) Montreal 10 a.m. Borealis REIT (annual) Toronto 10 a.m. Crystallex International Corp. (annual) Toronto 8:30 a.m. ...

Geologist strikes it rich.
June 1, 2004... (From Financial Post) ABER DIAMOND CORP.: EXECUTIVE COMPENSATION NAME SALARY BONUS OPTIONS Robert Gannicott CEO $750,000 (+$150,000) $500,000 (+$80,000) 100,000 (-100,000) Andrew Adams former CFO $255,000 (-$45,000) nil...

Wheaton River rejects bid by Coeur d'Alene: Cites suitor's record of losses: Miner urges shareholders to approve offer to buy rival IAMGold.
June 1, 2004... (From Financial Post) VANCOUVER - Wheaton River Minerals Ltd. yesterday broke its silence on a takeover bid from Coeur d'Alene Mines Corp. unveiled late last week, criticizing Coeur d'Alene's record of losses and advising shareholders to...

We must return Ottawa to its traditional role: Restructure hierarchy into a non-competitive confederation.
June 1, 2004... (From Financial Post) Canada is the most over-governed nation in the world and if Ottawa were downsized by one-third Canadians could receive meaningful tax cuts and the economy meaningful stimulus. This could be accomplished without a...

Polaroid hopes team of Andy Warhols will help revive it: Pop-artist look-alikes: Firm seeking to develop a hip, modern image.
June 1, 2004... (From Financial Post) After receiving an unexpected injection of cool from a hip-hop group, instant photography pioneer Polaroid Corp. is making an effort to cash in on its pop-culture popularity. The Waltham, Mass.-based company,...

Deal will save airline $45.1-million: The 11th-hour Air Canada accord included a two-year, 2.5% wage rollback: Also 1,300 job cuts.
June 1, 2004... (From Financial Post) Roughly 1,300 job cuts and a two-year, 2.5% wage rollback make up elements of the 11th-hour concessions deal reached last month between Air Canada and the Canadian Auto Workers union. The agreement, if ratified...

Husky's William Roach to join UTS Energy: Will oversee the Fort Hills project.
June 1, 2004... (From Financial Post) CALGARY - Oil junior UTS Energy Corp. has hired a veteran of Husky Energy's White Rose project to oversee the development of a $1.7-billion oilsands plan. William Roach will join UTS as president with the...

Microcell holds out for better offer: Calls Telus' $1.1B bid 'highly conditional' and hints 'other parties' may want in.
June 1, 2004... (From Financial Post) Calling Telus Corp.'s $1.1-billion hostile takeover offer "highly conditional," Microcell Telecommunications Inc. detailed reasons why it rejected the wireless rival's overture in a circular released yesterday, a move...

Joint venture takes aim at Shoppers.
June 1, 2004... (From Financial Post) HALIFAX - More than 200 independent pharmacies are joining forces across Canada as they face competition with such giant chains as Shoppers Drug Mart Corp. and supermarket drugstores. PharmaChoice of Halifax and...

Deal will save airline $45.1-million: Air Canada, CAW accord: Wages trimmed by 2.5% and jobs cut by 1,300.
June 1, 2004... (From Financial Post) Roughly 1,300 job cuts and a two-year, 2.5% wage rollback make up elements of the 11th-hour concessions deal reached last month between Air Canada and the Canadian Auto Workers union. The agreement, if ratified...

Telesystem tightens grip on Romanian wireless MobiFon: More stock dilution: Room for growth as consumer income rises, analysts say.
June 1, 2004... (From Financial Post) MONTREAL - Telesystem International Wireless Inc. has taken another step toward simplifying its dense ownership structure by buying out most minority investors in its hot Romanian wireless phone company, MobiFon SA....

Hip Interactive shares hit on smaller profit: 'Volatile'.
June 1, 2004... (From Financial Post) Shares of Hip Interactive Corp. fell 8.9% yesterday after the computer and video-game distributor posted a lower year-end profit. Shares of Mississauga, Ont.-based Hip fell as low as $1.66 before recovering...

Reducing redemptions: To retain clients, Investors Group works hard at retaining its advisors.
June 1, 2004... (From Financial Post) Considering that Investors Group is the largest mutual fund company in Canada, it's surprising the promotion of Murray Taylor to president about a month ago barely made a ripple in the national press. Formerly...

Group sues over Ontario tax hikes.
June 1, 2004... (From Financial Post) The Canadian Taxpayers Federation filed a lawsuit yesterday against Ontario Premier Dalton McGuinty and Finance Minister Greg Sorbara in a bid to forestall tax increases included in the May 18 provincial budget. ...

Irish PM weighs in on bank scandals: Credibility concerns: Bank of Ireland takeover speculation after CEO quits.
June 1, 2004... (From Financial Post) DUBLIN - Ireland's financial industry was in turmoil yesterday following a weekend of scandals at the country's two biggest banks. The surprise departure on Saturday of Bank of Ireland's chief executive, who...

M&S board ousts CEO, chairman: Fighting takeover bid.
June 1, 2004... (From Financial Post) LONDON - Britain's biggest clothing retailer, Marks & Spencer PLC, ousted Roger Holmes, its chief executive, and Luc Vandevelde, the chairman, last night in a spectacular boardroom coup. The M&S board, which held...

Scary plans to raise and keep oil prices high.
June 1, 2004... (From Financial Post) The terrorist attacks in Saudi Arabia are giving new life to the idea that the world is heading into an era of permanently high oil prices. A "factor of fear" has already supposedly driven prices up by $8 a barrel,...

Canada comes apart: Ottawa's EI-equalization solution to national unity could produce the opposite effect. Without free trade between them, regions could go their own way.
June 1, 2004... (From Financial Post) In 1946, there were 74 countries on the map. By 1995, there were 192 countries in the world. In an important work entitled Economic integration and political disintegration, economist Alberto Alesina of Harvard...

The sleaziest show on Earth?: Forbes' portrayal of hedge funds seems a little harsh.
June 1, 2004... (From Financial Post) There's a lot of sleaze being bandied about lately. No, I'm not referring to Canadian politics, but to charges and countercharges about media coverage of the hedge fund industry. A controversial cover story...

TD first to bite bullet on Enron: Spotlight shifts to Royal, CIBC in US$25B Enron suit.
June 1, 2004... (From Financial Post) Who says Canada's big banks are all the same? Last week, three of them were forced to make a judgment call on the same issue: whether to follow Citigroup Inc. by taking a provision to cover the potential cost of...

Commodities.
June 1, 2004... (From Financial Post) Net Index/commodity Close Previous chg CRB Index clsd 277.25 clsd GSCI Index clsd 301.41 clsd Gold (Comex) US$ per oz. clsd 394.00 clsd Oil (W. Texas) US$ per bbl. clsd 39.88 clsd Natural...

The Brick to go public through income trust: Ends speculation.
June 1, 2004... (From Financial Post) The Brick Warehouse Corp. is planning an income trust public offering, putting to rest months of speculation about its future. The Edmonton-based home furnishings retailer, which has grown rapidly in the past...

Canadian issues slip as holidays cut trading flows.
June 1, 2004... (From Financial Post) TORONTO - Canadian bonds ended slightly lower in moribund trading yesterday as holidays in the U.S. and the U.K. reduced flows to minimal levels. "What's open today? Canada, Japan, France and Germany. The rest of...

Earnings Summary.
June 1, 2004... (From Financial Post) Brackets denote losses. Current Yr. ago % chg. Advantex Marketing Int'l Inc. C$ (ADX/TSX) Mar. 31 - 3Q Revenue (000s) 15,606 21,499 -27 Net Income (000s) (1,334) (825) -62 EPS...

Forty years ago, The Financial Post -- then a weekly newspaper -- set out "to provide our readers ... with the best possible information on the size and health of corporate Canada, information unavailable anywhere else." And the FP500 was born.
June 1, 2004... (From Financial Post) Well, actually, that first list was the FP100. And though it tracked corporate performance for 1964, it didn't appear until January 1966. (Seven months later, the FP100 for 1965 appeared.) Every year since then, the...

Endnotes.
June 1, 2004... (From Financial Post) * Converted from US$ 1 Name changed from Sun Life Financial Services of Canada 2 Converted to C$ by the company 3 In March 2004, Nortel announced that it was delaying the filing of its 2003 financial...

The Players: Travel back to 1964: When casual Fridays would have baffled executives dressed in grey suits. When salesmen could use any trick in the book. And when magnates could build empires in private. Six icons of Canadian business reflect on how times.
June 1, 2004... (From Financial Post) ISADORE SHARP In 1964, Isadore Sharp owned two hotels in Toronto, the very first for his new company, Four Seasons Hotels Inc. Today, Four Seasons is one of the world's leading hotel companies, and Sharp is still...

1964: Power Surge: In 1964, some two-thirds of the companies on our first list of the country's top corporations (the FP100) were devoted to the extraction, processing and transportation of natural resources -- and Canada had never been so prosperous.
June 1, 2004... (From Financial Post) On this date 40 years ago there was a tremendous sense of optimism throughout Canada. The country had emerged from a severe recession in the late 1950s, and was riding a wave of economic growth that would continue,...

Boom times: Four decades ago, reports the co-author of Boom, Bust and Echo, the Baby Boomers -- the biggest population cohort in our history -- were dramatically reshaping the Canadian economy. And Canadian society.
June 1, 2004... (From Financial Post) In 1964, Canada was one of the youngest countries in the world: Some 8.1 million Canadians, 42% of the population, were aged 19 and under. Today, in stark contrast, only 7.8 million Canadians, a mere 25% of a much...

UPDATE 1-Updates, advisories and surprises.
June 1, 2004... (From CBS Marketwatch (Stories)) Eircom sees 100,000 DSL users by end 2004 (2:57 AM ET) LONDON (CBS.MW) -- Irish fixed-line telecoms Eircom Group, a March 2004 London IPO, said it remained confident it will meet a target of 100,000...

Europe stocks edge lower, Adecco jumps on audit end.
June 1, 2004... (From CBS Marketwatch (Stories)) LONDON (CBS.MW) -- Most European stocks saw a flat-to-weak start on Tuesday, as investors tread cautiously ahead of a U.S. open after violence rattled oil markets during a three-day holiday. Amid...

UPDATE 2-Updates, advisories and surprises.
June 1, 2004... (From CBS Marketwatch (Stories)) Eircom sees 100,000 DSL users by end 2004 (2:57 AM ET) LONDON (CBS.MW) -- Irish fixed-line telecoms Eircom Group, a March 2004 London IPO, said it remained confident it will meet a target of 100,000...

FTSE edges lower after Saudi attacks, oil majors rise.
June 1, 2004... (From CBS Marketwatch (Stories)) LONDON (CBS.MW) -- London markets on Tuesday edged slightly lower after a three-day break, as attacks in Saudi Arabia hit market sentiment and pushed record oil prices even higher. The FTSE 100 index...

Adecco shares jump as it won't restate '03 earnings.
June 1, 2004... (From CBS Marketwatch (Stories)) LONDON (CBS.MW) -- After delaying its annual report twice, seeing its chief financial officer resign and posting a 29 percent drop in its shares, Swiss staffing firm Adecco on Tuesday said there was no need...

China official:no rate hike if growth continues-Nikkei.
June 1, 2004... (From CBS Marketwatch (Stories)) TOKYO (CBS.MW) - China will not hike interest rates as long as its economy continues growing at a rate of 8-9 percent, People's Bank of China Vice Governor Su Ning said Tuesday in Tokyo, according to a...

UPDATE 1-Oil fears hit Europe, Adecco jumps on audit end.
June 1, 2004... (From CBS Marketwatch (Stories)) LONDON (CBS.MW) -- European markets fell Tuesday as violence in Saudi Arabia drove oil prices higher and U.S. stock market futures lower. TheGerman DAX Xetra 30 index fell 1.2 percent lower to 3,873 and...

UPDATE 1-China official:no rate hike if growth continues-Nikkei.
June 1, 2004... (From CBS Marketwatch (Stories)) TOKYO (CBS.MW) - China will not hike interest rates as long as its economy continues growing at a rate of 8-9 percent, People's Bank of China Vice Governor Su Ning said Tuesday in Tokyo, according to a...

UPDATE 1-FTSE edges lower after Saudi attacks, oil majors rise.
June 1, 2004... (From CBS Marketwatch (Stories)) LONDON (CBS.MW) -- London markets on Tuesday edged slightly lower after a three-day break, as attacks in Saudi Arabia hit market sentiment and pushed record oil prices even higher. The FTSE 100 index...

UPDATE 2-Oil fears hit Europe, Adecco jumps on audit end.
June 1, 2004... (From CBS Marketwatch (Stories)) LONDON (CBS.MW) -- European markets fell Tuesday as violence in Saudi Arabia drove oil prices higher and U.S. stock market futures lower. TheGerman DAX Xetra 30 index fell 1.2 percent lower to 3,873 and...

Anheuser-Busch ups Harbin stake, to make offer -reports.
June 1, 2004... (From CBS Marketwatch (Stories)) TOKYO (CBS.MW) -- US-based Anheuser-Busch has raised its stake in Harbin Brewery, China's fourth largest brewer, to 36 percent, triggering a general takeover offer for the rest of Harbin Brewery's shares,...

April chip sales up 37% to best level since July 2000.
June 1, 2004... (From CBS Marketwatch (Pulses)) NEW YORK (CBS.MW) - Global sales of semiconductors in April rose 37 percent over the same period a year ago, and 4.1 percent from March, to $16.94 billion, according to the Semiconductor Industry...

Marvel settles litigation with Sony Pictures.
June 1, 2004... (From CBS Marketwatch (Pulses)) NEW YORK (CBS.MW) - Marvel Enterprises said it has "amicably" settled litigation with Sony Pictures Entertainment, allowing the companies to continue working on additional chapters of the Spider-Man...

UPDATE 2-FTSE edges lower after Saudi attacks, oil majors rise.
June 1, 2004... (From CBS Marketwatch (Stories)) LONDON (CBS.MW) -- London markets on Tuesday edged slightly lower after a three-day break, as attacks in Saudi Arabia hit market sentiment and pushed record oil prices even higher. The FTSE 100 index...

Importing a Fight With Boston's Biotech Industry.
June 1, 2004... (From Technews.com) Byline: Jonathan Finer BOSTON -- A biotechnology powerhouse. An importer of prescription drugs from Canada. Boston Mayor Thomas M. Menino says that his city can be both. In July, Boston, which rivals San...

Qwest Agrees To Let MCI Use Its Lines.
June 1, 2004... (From Technews.com) Byline: Christopher Stern MCI Inc. and Qwest Communications International Inc. have reached an agreement that will allow the long-distance company to continue providing local telephone service in the 14 western...

Merrill, First Albany caution on Intel ahead of update.
June 1, 2004... (From CBS Marketwatch (Pulses)) LONDON (CBS.MW) -- Some cautious broker comment on Intel Corp. surfaced overnight ahead of the chipmaker's mid-quarter update Thursday. The chipmaker has seen some bullish broker comment ahead of the...

Viacom pres. Mel Karmazin resigns: report.
June 1, 2004... (From CBS Marketwatch (Pulses)) NEW YORK (CBS.MW) - MSNBC is reporting that Viacom president Mel Karmazin is resigning. Viacom was not immediately available for comment. There has been speculation in the past that Viacom Chairman Sumner...

Truckers Warm to Wireless Hot Spots.
June 1, 2004... (From Technews.com) Byline: Kimberly Edds BARSTOW, Calif. -- Dozens of parked purple, blue and orange semi trucks simmered in the desert heat at the Flying J Travel Plaza. Inside is a trucker's paradise: $10 for the half-pound carne...

UPDATE 1-This is still a market in transition.
June 1, 2004... (From CBS Marketwatch (Stories)) Byline: Kimberly Edds This is a special edition of The Technical Indicator, a daily CBS MarketWatch service. For a more detailed account of the markets on a day-to-day basis -- in addition to 100...

UPDATE 2-This is still a market in transition.
June 1, 2004... (From CBS Marketwatch (Stories)) Byline: Kimberly Edds This is a special edition of The Technical Indicator, a daily CBS MarketWatch service. For a more detailed account of the markets on a day-to-day basis -- in addition to 100...

Pozen receives 'not-approvable' letter for MT 100.
June 1, 2004... (From CBS Marketwatch (Pulses)) Byline: Kimberly Edds NEW YORK (CBS.MW) - Pozen said it received a "not-approvable" letter from the U.S. Food and Drug Administration regarding its new drug application for its treatment for migraines....

UPDATE 3-Oil price jump hits Europe, Adecco jumps on audit end.
June 1, 2004... (From CBS Marketwatch (Stories)) Byline: Kimberly Edds LONDON (CBS.MW) -- European markets fell Tuesday as violence in Saudi Arabia drove oil prices higher and U.S. stock market futures lower. TheGerman DAX Xetra 30 index fell 1.3...

Report: Karmazin's out as No. 2 at Viacom.
June 1, 2004... (From CBS Marketwatch (Stories)) Byline: Kimberly Edds NEW YORK (CBS.MW) -- MSNBC reported Tuesday that Mel Karmazin has stepped down as president and chief operating officer of Viacom. A call to Viacom's press office was not...

ECONOMIC SLOWDOWN: Current account in the red, NATION.
June 1, 2004... (From Worldsources (English)) Byline: Kimberly Edds URL: http://www.nationmultimedia.com/ Bt766m shortfall the first since 2002 Thailand recorded its first current-account deficit in two years - US$19 million (Bt766 million)...

Bt303-bn budget gets NESDB nod, NATION.
June 1, 2004... (From Worldsources (English)) Byline: Kimberly Edds URL: http://www.nationmultimedia.com/ The National Economic and Social Development Board approved the 2005 fiscal-year budget for state enterprises yesterday. The...

Points of Light Foundation Honors Businesses Dedicated to Engaging Employees in Volunteering.
June 1, 2004... (From US Newswire) Byline: Kimberly Edds To: National and Assignment Desks Contact: Kimberli Meadows of the Points of Light Foundation, 202-729-3238 or kmeadows@pointsoflight.org WASHINGTON, June 1 /U.S. Newswire/ -- The...

Labour market turns corner, THE STANDARD.
June 1, 2004... (From Worldsources (English)) URL: http://www.thestandard.com/ Hong Kong's labor market is looking up in 2004 after two consecutive years of negative hiring intentions by companies, according to the latest manpower planning survey...