“Basically, we are trying to eliminate a certain
unprofitable activity from the portfolio of Paramo,” he added.Kuncir added the option was being analyzed and no final
decision has been made yet.Paramo has a refining capacity of 20,000 barrels per day.
Unipetrol holds stakes in two larger Czech refineries in
Litvinov and Kralupy.
Borrower Bank Nederlandse Gemeenten (BNG)Issue Amount 75 million SterlingMaturity Date December 10, 2013Coupon 2.625 pctReoffer price 102.736Spread 70 basis pointsUnderlying govt bond Over the 4.50 pct March 2013 GiltPayment Date October 19, 2011Lead Manager(s) Nomura International PLC & RBC CapitalRatings Aaa (Moody’s), AAA (S&P),AAA (Fitch)Listing AmsterdamFull fees UndisclosedDenoms (K) 1Governing Law DutchNotes Launched under issuer’s EMTN programmeThe issue size will total 1.375 sterlingwhen fungibleParent ISIN XS0472751055Security details and RIC, when available, will beonCustomers can right-click on the code forperformance analysis of this new issueFor ratings information, double click onFor all bonds data, double click onFor Top international bonds newsFor news about this issuer, double click on the issuer RIC,where assigned, and hit the newskey (F9 on Reuters terminals)Data supplied by International Insider.
Apple tried to block sales of Samsung’s flagship Galaxy line
of smartphones and tablets in the Netherlands, citing 10 patent
rights including Apple’s claim of “slavish style copying”A Dutch court ruled in August that Samsung had breached just
one of Apple’s patents and imposed a sales injunction on three
Samsung smartphone models— Galaxy S, S II and Ace — and
dismissed all other claims including model rights.The Apple patent allows for a certain method of scrolling or
browsing through photos in some Samsung smartphones.The court imposed a sales injunction of the affected
products in some European countries and offered a grace period
until Oct. 14 to address the infringement.”We’ve fixed the technological problem and upgraded products
to address the issue. They will be shortly available for sale,”
Samsung spokesman James Chung said.He declined to comment on an exact launch date.The move comes as Samsung awaits a court ruling in Australia
on Thursday over Apple’s request to temporarily ban sales of
Samsung’s Galaxy Tab 10.1 tablet in the country, a crucial
ruling that may affect pre-Christmas sales.
Bank of America Chief Executive Brian Moynihan will undergo the most sensitive investor call of his career tomorrow when he submits to a public grilling from Fairholme Capital founder Bruce Berkowitz, one of the bank’s largest shareholders. Fairholme, which manages about $17 billion in assets, set up the call before the bank’s shares lost one-third of their value last Thursday, Friday and yesterday amid concerns about mounting mortgage-related losses and how the bank may be affected by a worsening economy.
Berkowitz has invited investors to submit questions at askbrian@fairholmefunds.com, but, our Wall Street team led by Jed Horowitz, has come up with some of our own. The answers could shed light on crucial issues such as whether the bank will need to raise more equity—and whether Moynihan can survive.
Below are a few of our questions for Moynihan.
1. How will you raise the $50 billion of capital analysts suspect you need to satisfy new regulatory capital rules when your core businesses are losing profitability in a slowing world economy?
2. Is the bank looking to sell any assets?
What else would you ask Bank of America’s CEO?
Let us know in the comments below.
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