| Grand-Am-Daytona 24-Hour Results
Richard Westbrook; GT; TRG; Porsche GT3 Cup; 657. 11. (67) Emanuel Collard, Romain Dumas, Tim George Jr., Spencer Pumpelly, Bryan Sellers; GT; TRG; Porsche GT3 Cup; 657. 12. (64) Jim Lowe, Jim Pace, Tim Sugden, RJ Valentine, Johannes van Overbeek; GT; TRG; Porsche GT3 Cup; 656. 13. (69) Emil Assentato, Nick Longhi, Lonnie Pechnik, Jeff Segal; GT; SpeedSource; Mazda RX-8; 653. 14. (6) AJ Allmendinger, Burt Frisselle, Ian James, John Pew; DP; Michael Shank Racing; Ford Riley; 652. 15. (09) Marc-Antoine Camirand, Guy Cosmo, Michael McDowell; DP; Spirit of Daytona Racing; Porsche FABCAR; 652. 16. (80) Lance Arnold, Damien Faulkner, Mark Greenberg, Jan Heylen; GT; Synergy Racing; Porsche GT3 Cup; 651. 17.
Hillary Stuns--Four Theories
But she did get past a preliminary challenge in her own suit against Disney over a similarly mundane bit of business. And Redstone said more than merely that Cruise's "recent conduct has not been unacceptable." According to the WSJ [$], Redstone also said Cruise was "someone who effectuates creative suicide and costs the company revenue" which could be considered both false and damaging, if you read it in a certain strained light. (Obviously, Redstone didn't mean that Cruise overall costs Paramount revenue, only that some of his conduct did, but let him explain it to the jury!) ... Update: Fields has now said he has "no intent to sue." ... 6:16 P.M. Tuesday, August 22, 2006 The Iowa Menace: I take the Dem's announcement of new early presidential nominating contests (in Nevada and South Carolina) as an opportunity to rant against the Iowa caucuses.
US stocks rebound, shake off recession talk
US STOCKS closed solidly in positive territory Wednesday as investors apparently shook off recession warnings as they awaited the start of the quarterly earnings season. The Dow Jones Industrial Average advanced 146.24 points (1.16 per cent) to 12,735.31 and the tech-heavy Nasdaq composite rose 34.04 points (1.39 per cent) to 2474.55, ending an eight-session losing streak. The broad-market Standard & Poor's 500 index added 18.94 points (1.36 per cent) at 1409.13, according to official final figures. The choppy rally on the major indexes followed Tuesday's pullback of an average two percent partly blamed on worries about the weakening US economy. "There is a sense that the sell-off is overdone and that there is very good value in a lot of stocks,'' said Dick Green at Briefing.com.
Rogue trader costs bank €5bn
Societe Generale (SG), one of Europe's biggest banks, has blamed one rogue trader for a fraud of €4.9 billion (£3.7 billion). The French finance giant says that the Paris-based individual was responsible for fraud "exceptional in its size and nature" in 2007 and 2008, which was discovered on January 19th and 20th this year. SG says that because of the "combination of the size of the positions and the very unfavourable market conditions encountered" it has decided to recognise the huge loss in its 2007 pre-tax income. "The trader's positions have been reviewed and a thorough analysis of all his department's positions confirmed the isolated and exceptional nature of this fraud," SG said in a statement. .
|
