February 2012

SocGen German Unit Said to Boost Auto Bonds to 750

February 29, 2012 by admin

By Esteban Duarte

Feb. 10 (Bloomberg) — A German unit of Societe Generale SA is increasing an issue of auto loan-backed bonds to 750 million euros from 500 million euros, according to three people with knowledge of the deal.

The securities are backed by repayments on about 72 Replica Rolex Watches,000 German auto loans originated by Bank Deutsches Kraftfahrzeuggewerbe AG, the people said. The asset-backed securities will be issued through Red & Black Auto Germany 1.

To contact the reporter on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

To contact the editor responsible for this story: Michael Shanahan at mshanahan3@bloomberg.net

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Gary Barlow Gary Barlow To Be A Dad Again

February 29, 2012 by admin

Gary Barlow

Picture: Gary Barlow Children In Need – drinks reception held at 10 Downing Street – Arrivals. London Replica Watches, England ….

Gary Barlow To Be A Dad Again

British singer Gary Barlow is set to be a dad again.

The X Factor judge’s wife Dawn is pregnant with the couple’s fourth child.

Announcing the news on his Twitter.com account on Sunday (19Feb12), the Take That star wrote, “My wife and I are expecting our 4th child… Next goal ‘Celebrity Dad of the Year’”

He later returned to the site to thank fans for their well wishes, adding, “What a lovely bunch you are.Thank you for all your kind messages.We are a very excited family.”

The pair wed in 2000 and is already parents to Daniel, Emily, and Daisy.

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Sovereign Default Risk Surges in Europe on Greek B

February 28, 2012 by admin

By Abigail Moses

Feb. 15 (Bloomberg) — The cost of insuring European sovereign debt rose for a sixth day on concern delays to Greece’s bailout are increasing the chance of default.

The Markit iTraxx SovX Western Europe Index of credit- default swaps on 15 governments climbed 12 basis points to a four-week high of 344 at 3:30 p.m. in London. An increase signals deterioration in perceptions of credit quality.

Officials are considering postponing a full aid package until Greek elections in April, according to the Wall Street Journal, after finance ministers canceled a meeting today because they are unconvinced the nation will stick to austerity pledges. Greece needs the 130 billion-euro ($171 billion) deal Replica Tag heuer watches, along with about 100 billion euros of debt relief from private bondholders, to avoid an economic collapse next month.

“I can’t see them giving the money,” said Peter Tchir, founder of TF Market Advisors in New York. “Timing is getting tight.”

Antonis Samaras Replica Breitling watches, the leader of Greece’s second-biggest political party, sought to reassure European officials by providing a signed pledge to maintain the “objectives, targets and key policies” of the austerity program. He left open the possibility of “modifications” to Greek policies to promote growth.

“It can’t be easy signing off on lending further cash when you don’t really believe that you are going to get it back,” Gary Jenkins, the director of independent credit firm Swordfish Research in London, wrote in a note to investors.

Corporate Swaps

The cost of insuring corporate and financial debt also rose, according to JPMorgan Chase & Co. Contracts on the Markit iTraxx Crossover Index of 50 companies with mostly high-yield credit ratings increased 24 basis points to 624.

The Markit iTraxx Europe Index of 125 companies with investment-grade ratings rose 5.5 basis points to 143.5 basis points. The Markit iTraxx Financial Index linked to senior debt of 25 banks and insurers increased four basis points to 237 and the subordinated index rose 15.5 to 405.5.

A basis point on a credit-default swap protecting 10 million euros of debt from default for five years is equivalent to 1,000 euros a year. Swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a borrower fail to adhere to its debt agreements.

–Editors: Michael Shanahan, Paul Armstrong

To contact the reporter on this story: Abigail Moses in London at amoses5@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net

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Karen Black Karen Black Opens Up About Secret Canc

February 28, 2012 by admin

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Karen Black

Picture: Karen Black Universal Studios Hollywood ‘Halloween Horror Nights’ Eyegore Awards – Arrivals Universal City Skirts, California ….

Karen Black Opens Up About Secret Cancer Battle

Veteran actress Karen Black has opened up about the 2011 cancer battle she kept from fans.

The Five Easy Pieces star was diagnosed with rare ampullary cancer in November, 2010, but chose to tell only close friends and family members about her health crisis.

Black underwent chemotherapy and radiation treatments in California and a drastic weightloss and is now cancer-free.

She has opened up to U.S. tabloid the Globe to offer others fighting cancer hope.

The Oscar nominee says, “So few people knew of my illness… I kept it as much of a secret as I could.

“I didn’t want to be affected by any negative energy, the look of sympathy on people’s faces… You can almost hear their thought, ‘Oh, she’s a goner.’”

The 69-year-old actress tells the Globe she was suffering digestive problems while starring in the play Just 45 Minutes From Broadway when she learned she had cancer.

She recalls, “This type of cancer you don’t feel at all, but it’s very serious. I was told I would need surgery immediately. Fortunately, we caught the cancer in time, the cancer had not spread beyond its initial perch on the inside of a part of my digestive tract. Dr. Farnell at the Mayo Clinic in Minnesota got it out.”

Black hopes her story will help others: “Don’t give up hope. Keep doing what you love to do and find the beauty in everything around you.”

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Sinopec Falls Most in 5 Months as Crude Rises Hong

February 27, 2012 by admin

By Guo Aibing Replica Breitling watches

Feb. 20 (Bloomberg) — China Petroleum & Chemical Corp., Asia’s largest refiner, fell the most in five months in Hong Kong trading after crude advanced to the highest since May in New York.

China Petroleum, known as Sinopec, dropped as much as 5.3 percent, the biggest decline since Sept. 22, to HK$8.86, and was at HK$8.87 as of 3:27 p.m. local time. PetroChina Co., the country’s No. 2 refiner, dropped 1.7 percent to HK$11.46. The benchmark Hang Seng Index declined 0.4 percent.

“Higher international crude prices certainly sparked some concern among investors that Sinopec may face big losses in refining,” said Shi Yan, an Shanghai-based analyst with UOB-Kay Hian Ltd. “It serves as a reminder on how vulnerable Sinopec is to fluctuations in crude prices.”

Crude for March delivery gained as much as $1.97 to $105.21 a barrel in electronic trading on the New York Mercantile Exchange Replica Omega watches, the highest intraday price since May 5. Prices rose after Iran said it halted some crude exports and investors bet that fuel demand will increase as Europe moves closer to bailing out Greece.

–Editors: Ryan Woo, Paul Gordon

To contact the reporter on this story: Guo Aibing in Hong Kong at aguo10@bloomberg.net

To contact the editor responsible for this story: Amit Prakash at aprakash1@bloomberg.net.

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Beyonce And JayZ Shun Grammys For Brooklyn Pizzeri

February 27, 2012 by admin

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Beyonce Knowles picture

Picture: Beyonce Knowles at the Beyonce Pulse fragrance launch at Penthouse (PH-D) at Dream Downtown. New York City Fake Watches, USA ….

Beyonce And Jay-Z Shun Grammys For Brooklyn Pizzeria

The whereabouts of Beyonce and husband Jay Z was a major talking point at the Grammy Awards in Los Angeles on Sunday (12 February, 2012). Though the superstar couple were forgiven for missing the ceremony – what with the recent birth of their daughter Blue Ivy – they were conspicuous by their absence.

Jay Z was actually nominated at the 54th Annual ceremony at the Staples Center, though he instead chose to take his wife on a romantic pizza date. The couple were snapped taking a car from their home in downtown Manhattan to the Carroll Gardens section of Brooklyn, where they tucked into pizza at their favorite restaurant Lucali. A witness told US Weekly magazine, the couple “were just like a regular couple talking and whatnot.They were sitting in front of the place closer to where they make the pizza”. The insider said Beyonce made sure to bid goodbye to the eatery’s owner and the waitress before they departed. One fellow diner congratulated Jay Z on Blue Ivy’s recent arrival, with the Roc Nation boss replying, “‘Thank you. have a good night”. At some point throughout the evening, Jay Z will no-doubt have been alerted to the fact he and Kanye West had actually won the Grammy for Best Rap Performance (for Otis).

Beyonce and Jay Z surprised fans last week after posting the first-ever pictures of Blue Ivy on their new Tumblr page. The couple had reportedly turned down huge magazine deals, with their close friend June Ambrose saying, “She (Beyonce) really wanted to do it this way. She just couldn’t imagine selling pictures of her baby”.

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Party Dresses Naomi Watts Naomi Watts To Portray P

February 25, 2012 by admin

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Naomi Watts To Portray Princess Diana

Naomi Watts will play the role of Britain’s late Princess Diana in ‘Caught in Flight’ – directed by Oliver Hirschbiegel.

Naomi Watts has been cast as Princess Diana in ‘Caught in Flight’.

The ‘J. Edgar’ star will be directed by Oliver Hirschbiegel in the film, which has been written by Stephen Jeffreys.

The Ecosse Films picture tells the story of Diana – who married Prince Charles with whom she had sons William and Harry – in the final two years of her life, focusing on her personal happiness and role as a campaigner and humanitarian, and Naomi admits she is delighted to take on the part.

She said: “It is such an honour to be able to play this iconic role – Princess Diana was loved across the world, and I look forward to rising to the challenge of playing her on screen.”

Oliver added: “I am delighted to have such a truly exceptional actress who embodies the warmth, humanity and empathy of such a global icon as Princess Diana.”

‘Caught in Flight’ will go into production later this year.

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Dolly Parton Dolly Parton & Jermaine Jackson Offer

February 24, 2012 by admin

Dolly Parton

Picture: Dolly Parton ‘The Late Show with David Letterman’ at the Ed Sullivan Theater – Arrivals and Departures New York City Replica Watches, USA ….

Dolly Parton & Jermaine Jackson Offer Houston Tributes

Dolly Parton and Jermaine Jackson have added their names to the celebrities paying tribute to Whitney Houston, as news continues to circulate about the R&B superstar’s death.

The country singer, who wrote Houston’s massive hit I Will Always Love You, released a statement late on Saturday night (11Feb12) revealing she was heartbroken.

Parton wrote, “Mine is only one of the millions of hearts broken over the death of Whitney Houston. I will always be grateful and in awe of the wonderful performance she did on my song, and I can truly say from the bottom of my heart, ‘Whitney, I will always love you. You will be missed.’”

Meanwhile, Jackson, who helped music mogul Clive Davis develop young Houston at the beginning of her recording career, phoned in to Cnn from Istanbul, Turkey and stated, “This is tragic for me.”

Jackson, who lost his brother Michael in 2009, added, “I’m devastated because we go way back… She was a voice that the world enjoyed hearing.”

And he revealed Houston had offered her support to him and his family after the King of Pop passed away.

Jermaine added, “She called me and she was there for me… She was very, very sweet.”

He also recalled Houston had provided backing vocals to his song Sweetest Sweetest, which was a number one hit in Russia.

And Twitter.com tributes continued to flood in through the night, with stars like Bret Michaels, Slash and Tlc star Rozonda ‘Chilli’ Thomas offering their thoughts.

Michaels wrote, “A legend with the voice of an angel, she will be missed,” while Chilli added, “I can’t believe this news about Whitney Houston..I am so upset, i loved her very much and I’ll never forget her….another Angel gone 2 soon.” Slash revealed he was “shattered” by the sad news and Jane Fonda posted, “Stunned by #Whitney’s death. So sad. Going to Clive’s pre-Grammy party. She was his darling. Whew.”

Meanwhile, it’ll be some time before Houston’s godmother Aretha Franklin offers her thoughts. A brief statement from the Queen of Soul reads, “I just can’t talk about it now. It’s so stunning and unbelievable.”

Houston died on Saturday afternoon (11Feb12) while preparing for an appearance at Davis’ annual pre-Grammy Awards party at the Beverly Hilton hotel in California.

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Whitney Houston Whitney Houston Was Alive And Well

February 24, 2012 by admin

Whitney Houston

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Whitney Houston Was Alive And Well An Hour Before Body Found

Whitney Houston was seen alive and well by hotel staff or a member of her family less than an hour before she was found dead in a bath.

The legendary singer was pronounced dead on Saturday (11Feb12) after she was found unconscious in the tub at her suite at the Beverly Hilton hotel in Los Angeles.

Reports since the tragedy have speculated Houston had been using prescription drugs or had drowned – but a coroner’s official in L.A. has now spoken out to quash the reports and reveal Houston was seen alive less than an hour before she died.

L.A. Assistant Chief Coroner Ed Winter says, “We are not saying that (she drowned). She was in the bath tub when she was found. She was removed by a family member (or) a bodyguard, and (when) the fire department got there, she was already out of the bath tub.

“I do not know (the cause of death) yet and when we find out, we will be in contact with Beverly Hills PD (police department), but first we will be in contact with the family and give them our findings.

“She was last seen… she was seen within an hour by somebody – family or somebody at the hotel – and then she was discovered.”

Winter said an autopsy has proved inconclusive and officials are awaiting the results of toxicology tests, but Houston’s body has now been released to her family.

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Googles Wins U.S. Antitrust Approval to Buy Motoro

February 23, 2012 by admin

By Jeff Bliss

Feb. 14 (Bloomberg) — Google Inc. won U.S. antitrust approval to purchase Motorola Mobility Holdings Inc. for $12.5 billion and expand its mobile-phone patents to increase competition with Apple Inc.

The acquisition of Libertyville, Illinois-based Motorola Mobility gives Google Pullovers, the biggest maker of smartphone software, more than 17,000 additional patents in the largest wireless- equipment deal in at least a decade, according to data compiled by Bloomberg.

The U.S. Justice Department said that the Motorola Mobility patent purchases as well as two separate deals it approved yesterday wouldn’t hurt competition in the mobile-phone industry. Google earlier won approval for the purchase in the European Union while the company is awaiting regulatory clearance in China and Israel.

“The specific transactions at issue are not likely to significantly change existing market dynamics,” according to a Justice Department statement.

Google, based in Mountain View, California, cited reinforcing its defenses in patent litigation as the prime motive for buying Motorola Mobility and its patents.

Lawsuits Over Android

Apple, maker of the iPhone, and Microsoft Corp., developer of Windows Phone software, have alleged patent infringement in lawsuits around the world over phones that run on Google’s Android system, including handsets built by Motorola Mobility, Samsung Electronics Co. and HTC Corp.

In a blog posting on the European Union approval, Don Harrison, Google’s vice president and deputy general counsel, said the combination of Google and Motorola Mobility will “supercharge Android” and “enhance competition.”

Niki Fenwick, a Google spokeswoman, said in a statement the company hopes to complete the transaction early this year.

The deals approved by the department are part of a growing trend of technology companies buying patents they can use to defend themselves against intellectual-property suits. Google’s Chief Executive Officer Larry Page said in August that the company’s bid for Motorola Mobility would help protect Android against “anticompetitive attacks” from Apple and Microsoft.

The Motorola Mobility acquisition would make Google a competitor to the other handset makers that make Android devices.

Mobile-Device Industry

The patents include technology essential to the mobile- device industry, including location services, antenna designs and touch-screen motions.

A plan by a consortium led by Microsoft and Apple to buy Nortel Network Corp. patents also received antitrust approval yesterday, according to the Justice Department. The $4.5 billion acquisition will give the consortium, which includes Research in Motion Ltd., Sony Corp., Ericsson AB and EMC Corp., control of more than 6,000 patents and applications that cover wireless technologies.

The department also said it approved Apple’s acquisition of some Novell Inc. patents.

During the Justice Department investigation of the patent deals Prom High Low Dresses, the agency said it became concerned with the increasing tendency of patent holders filing lawsuits to stop other companies from using their key smartphone technology. The department said it will continue to examine companies such as Google that haven’t sworn off the practice.

Enforcement Action

In its statement, the department said it “will not hesitate to take appropriate enforcement action to stop any anticompetitive use” of essential technology.

In approving the Google-Motorola Mobility deal, Joaquin Almunia, the European Union’s antitrust chief, told reporters he wouldn’t rule out future antitrust investigations into companies using lawsuits to block rivals.

Companies shouldn’t abuse their market power by “launching injunctions,” he said.

The EU is investigating whether Samsung Electronics Co. broke a commitment to license its smartphone patents to rivals on “fair, reasonable and non-discriminatory terms.”

Google said in a Feb. 8 letter that it would still consider seeking court injunctions if it couldn’t resolve “standard compliant” patent disputes. Google wrote the letter to answer questions of EU regulators.

Microsoft, of Redmond, Washington, and Cupertino, California-based Apple have said they won’t deny other companies from using their technology if they have previously signed an agreement to that effect.

“We are encouraged that the U.S. Department of Justice and the European Commission both have raised concerns about the misuse of standard-essential patents and Google’s failure to address this issue in a satisfactory way,” said Brad Smith, executive vice president and general counsel at Microsoft, in a statement.

Companies often sign contracts agreeing to license essential technology for a reasonable price as a way to ensure steady improvement in the technology.

–With assistance from Sara Forden in Washington, Brian Womack in San Francisco and Aoife White in Brussels. Editors: Fred Strasser, Jim Rubin.

To contact the reporters on this story: Jeff Bliss in Washington at jbliss@bloomberg.net

To contact the editors responsible for this story: Michael Hytha at mhytha@bloomberg.net; Steven Komarow at skomarow1@bloomberg.net

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