Guest Posted February 13, 2004 Report Share Posted February 13, 2004 Kirk: "We both guessed right. Negotiations with the Klingon Empire on the verge of breaking down. Starfleet Command anticipates a surprise attack. We are to proceed to Organia, and take whatever steps are necessary to prevent the Klingons from using it as a base." --"Errand Of Mercy", Stardate Unknown Link to comment Share on other sites More sharing options...
zensmoke Posted February 13, 2004 Report Share Posted February 13, 2004 DJ PBGC To Pay Pensions For 17,600 Fleming Cos Workers By Marc Hopkins Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The Pension Benefit Guaranty Corp. said it has taken responsibility for an underfunded pension plan for 17,600 workers employed by food distributor Fleming Cos. (FLMIQ). Fleming, of Lewisville, Texas, has been under Chapter 11 protection since April 2003, after it lost its biggest contract, a grocery-supply deal with Kmart Corp., now called Kmart Holding Corp. (KMRT). At one point, the Kmart deal had provided 20% of Fleming's $15.5 billion in revenue. In a press release, PBGC Executive Director Steven A. Kandarian said that the agency, which insures private-sector pension plans, is legally required to step in and take control of the plan. ........... ....... As reported, the growing number of underfunded pension plans taken over by the PBGC has contributed to the agency's record $11.2 billion deficit for fiscal 2003. The agency's deficit amounted to $3.64 billion in fiscal 2002. Link to comment Share on other sites More sharing options...
3Martinis Posted February 13, 2004 Report Share Posted February 13, 2004 Euro Zone Recovery Slows in Final Quarter BRUSSELS, Belgium (AP) -- Economic recovery in the 12-nation euro zone slowed in the final quarter of 2003, according to estimates released Friday that could revive calls for the European Central Bank to cut interest rates. The European Union's statistics agency estimated the single currency area's economy grew by 0.3 percent in the last three months of the year. That rate was slower than the 0.4 percent rate recorded in the third quarter and below economists' forecasts of a 0.4 percent expansion, already trimmed after disappointing data from Germany and France on Thursday. Euro intervention on Uncle Buck today until an interest rate policy change is formulated ? Link to comment Share on other sites More sharing options...
Guest Posted February 13, 2004 Report Share Posted February 13, 2004 WASHINGTON (CBS.MW) -- The Securities and Exchange Commission has launched an investigation into Titan Corp. over payments that the defense contractor made to international consultants dealing in foreign countries. Link to comment Share on other sites More sharing options...
brian4 Posted February 13, 2004 Report Share Posted February 13, 2004 Roger Sled-Listen I hear running water-could it be a flash flood! Thanks Plunge. Link to comment Share on other sites More sharing options...
Hiding Bear Posted February 13, 2004 Author Report Share Posted February 13, 2004 As reported, the growing number of underfunded pension plans takenover by the PBGC has contributed to the agency's record $11.2 billion deficit for fiscal 2003. The agency's deficit amounted to $3.64 billion in fiscal 2002. And that's only for one year. Imagine what the implicit guarantee of government sponsored SS accounts for market investments would cost us in the long run. Link to comment Share on other sites More sharing options...
brian4 Posted February 13, 2004 Report Share Posted February 13, 2004 YEE Haw! Link to comment Share on other sites More sharing options...
zensmoke Posted February 13, 2004 Report Share Posted February 13, 2004 Two former managers at a Halliburton unit say their bosses urged them to drive up costs on a U.S. military contract in Iraq because higher bills meant fatter profits. The men are expected to testify before a Senate panel Friday. (Dow Jones Newswire) Link to comment Share on other sites More sharing options...
Guest Posted February 13, 2004 Report Share Posted February 13, 2004 KMX & TSN both look ready to take a major crap Link to comment Share on other sites More sharing options...
brian4 Posted February 13, 2004 Report Share Posted February 13, 2004 moving stop to 1148 locking in 7 per contract. Link to comment Share on other sites More sharing options...
3Martinis Posted February 13, 2004 Report Share Posted February 13, 2004 France, Germany seek to resume China arms sales .....The embargo was imposed by the EU and the United States after the June 1989 Tiananmen Square massacre of peaceful, pro-democracy demonstrators. Now France and Germany are leading the charge to lift the ban, calling the sanctions outdated and saying their ailing economies need the business..... ....France and Germany are not as hesitant as the US to disrupt the balance of power in the region because the European powers have not maintained strong ties with Japan, Taiwan and South Korea. ..... .....If the EU pursues the path of boosting China to a position to challenge the power in the region that the US currently controls, the effects of this realignment could spread around the world. Any move by the EU to arm China will have to account for the reaction that this power shift could unleash...... Link to comment Share on other sites More sharing options...
brian4 Posted February 13, 2004 Report Share Posted February 13, 2004 they are pissing in the wind and its blowing back on them-window still open-more down coming. Link to comment Share on other sites More sharing options...
zensmoke Posted February 13, 2004 Report Share Posted February 13, 2004 DJ Regulators Reject Van Der Moolen Settlement - Source >VDM AMSTERDAM (Dow Jones)--Securities regulators rejected an initial settlement offer from the New York Stock Exchange's floor-trading 'specialist' firm Van der Moolen Holding NV (VDM), a person close to the matter told Dow Jones Newswires. Earlier Friday, The Wall Street Journal reported at least two other specialists, FleetBoston Financial Corp.'s (FBF) Fleet Specialist unit and Bear Stearns Cos.' (BSC) Bear Wagner Specialists LLC, have offered to settle allegations they traded ahead of customer orders, but that these offers were also rejected by U.S. regulators.... Link to comment Share on other sites More sharing options...
brian4 Posted February 13, 2004 Report Share Posted February 13, 2004 window now closed-that was a stupendous one-the beast is on its own for awhile lets see what they got left! Link to comment Share on other sites More sharing options...
zensmoke Posted February 13, 2004 Report Share Posted February 13, 2004 DJ Argentina Banks/Lawsuit -2: Banks Lost Billions Of Dlrs BUENOS AIRES (Dow Jones)--Argentine banks will sue the government this year for its refusal to compensate them for the effects of lawsuits challenging the 2002 conversion of dollar deposits into devalued pesos, according to Sergio Grinenco, vice president of Argentina's largest private bank, Banco de Galicia y Buenos Aires SA (GALI.BA) "During this year, there will be a certain legal action by the banks, which will, at some point, reach the Supreme Court and a decision will have to made there about the compensation," Grinenco said Friday. He was speaking during a telephone conference organized to discuss the 2003 results of Galicia's parent, Grupo Financiaero Galicia (GGAL.BA). Argentine banks have lost billions of dollars since 2002 because of successful lawsuits lodged by their clients demanding the return of the original dollar amount of their savings. The lawsuits are known in Spanish as amparos. A previous government said it would cover two-thirds of the cost of paying the amparos. However, President Nestor Kirchner has indicated his government will not hand out any compensation to the banks for the amparos. The banks have already received a large amount of compensation for the government's decision to convert loans and deposits from dollars into devalued pesos at different rates. Dow Jones Newswires 02-13-04 1249ET- - 12 49 PM EST 02-13-04 Link to comment Share on other sites More sharing options...
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