That stock News

Allegations of sexual harassment against Mark Hurd has helped to raise its employment top at HP in August output photo: Reuters

The Securities and Exchange Commission was reportedly seeks to ascertain whether M. Hurd has revealed details of proposed acquisition of Electronic Data Systems (EDS) Jodie Fisher, a contractor for HP, HP that she claimed. Allegations Mrs. Fisher of sexual harassment against Mr. Hurd has helped trigger its output of employment at the top of the page in August.

HP has paid $13 5.3 (￡ 8. 5bn) for EDS in August 2008 that the company wanted to muscle to the growing demand for business data storage services.

M. Hurd had was credited with turning around the performance of HP by production of computers from the low margin management. Its shares have decreased by more than 10pc since its release, and M. Hurd has taken a new job with rival Oracle.

A spokesman for Mr. Hurd said: "Mark acted correctly in all respects." It is understandable that the SEC looks at the events surrounding the departure of mark, which was followed by a rapid decline in the value of the stock of HP.

Own HP investigation into allegations of Ms. Fisher found that he does not harass it but find forms of inaccurate charges filed by Mr. Hurd or on its behalf. The SEC is also reported to explore M. Hurd expense claims.

"HP cooperates fully with the SEC on its investigation," said a spokesman for HP.

A spokesman for the SEC has refused to comment.

Since HP appointed Leo Apotheker, former head of the German company SAP software as its new Chief Executive. In another twist, SAP has the month last sentenced to pay $1 Oracle United in the largest ever grant for violation of copyright law.

HP has slipped $12 cents to 42 late morning trading.

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1571: The origins of the London Metal Exchange (LME) dates back to the opening of the Royal Exchange, London, during the reign of Queen Elizabeth I, when traders in a range of products began to meet on a regular basis.

19th century:Beginning of the 19th century, there are so many traders products to the Royal Exchange it becomes impossible to do business. Individual groups of traders settled in vicinity of the town of coffee houses.

Jerusalem, coffee house becomes a favorite metalworking trade community, where "the tradition of the ring" was born. A trader with metal sell draws a circle in the sawdust on the floor and calls "Change!" to the point where those wishing to trade would be assembled around the circle and make their bids.

1869: Opening of the Suez canal reduces the delay in delivery of Tin Malaysia and Singapore to match the delay in delivery of three months for the Chile copper. This gives rise to unique system of daily trading dates up to three months before LME still exists today.

1877: Form of merchants metals in London and Mining Company move their premises first on the Lombard Court Hat shop. The London Metal Exchange was born. Membership is growing rapidly and quickly move to a purpose built Exchange Whittington Avenue. The Exchange moves to its current home in Leadenhall Street in 1994.

2000:An index based on six primary metals traded on the exchange contract is introduced. It is specifically designed to provide access of investors to contracts futures and options traded contracts on non-ferrous metals without additional costs involved.

Today: LME trades equivalent to 7.41 trillion dollars annually, and $29bn on an average business day. More than his company 95pc comes from overseas.

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GM shares jumped as much as 9 1pc and were trading at $35.50 at 10: 00 a.m. in New York. After a last day orders frenzy of GM shares, Detroit company said yesterday that it had raised $20 billion (12 6bn pounds) sell the shares at $33 for each, making it the largest U.S. flotation. It has the possibility to sell 23 $ billion, which would overshadow agricultural Bank of China as the flotation made Beaver in history.

The almost 50 billion $bailout in June 2009 caused controversy, but helped GM reduce costs to restructure its debt and its management of the changement.Avec an improvement in the global economy, the manufacturer has notched gains of $4 so far this year and is outstanding for its first annual profit since 2004.

"That GM has come it is certainly an achievement worthy of mention," said Howard Wheeldon, an analyst at BGC partners.

Flotation also reduces the United States Government set to 33pc 61pc, although the total game must be sold at an average of'd $ per unit for the taxpayers recover their money.GM, CFO Chris Liddell said that "with a new business model, focusing on the design, construction and selling vehicles of best in the world, we are ready to compete."

Greatly expected flotation saw almost all banks on Wall Street to take part, Morgan Stanley, JP Morgan Chase, Bank of America, Merrill Lynch and Citigroup leading underwriting.

Although controversial, GM, Chrysler and GMAC financial self bailing out registered United States loss more grosse.Le Centre for Automotive Research has calculated that increased welfare payments and lost tax revenues would have been more expensive in the long term to allow companies to fail.

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GM shares jumped as much as 9 1pc and were trading at $35.50 at 10: 00 a.m. in New York. After a last day orders frenzy of GM shares, Detroit company said yesterday that it had raised $20 billion (12 6bn pounds) sell the shares at $33 for each, making it the largest U.S. flotation. It has the possibility to sell 23 $ billion, which would overshadow agricultural Bank of China as the flotation made Beaver in history.

The almost 50 billion $bailout in June 2009 caused controversy, but helped GM reduce costs to restructure its debt and its management of the changement.Avec an improvement in the global economy, the manufacturer has notched gains of $4 so far this year and is outstanding for its first annual profit since 2004.

"That GM has come it is certainly an achievement worthy of mention," said Howard Wheeldon, an analyst at BGC partners.

Flotation also reduces the United States Government set to 33pc 61pc, although the total game must be sold at an average of'd $ per unit for the taxpayers recover their money.GM, CFO Chris Liddell said that "with a new business model, focusing on the design, construction and selling vehicles of best in the world, we are ready to compete."

Greatly expected flotation saw almost all banks on Wall Street to take part, Morgan Stanley, JP Morgan Chase, Bank of America, Merrill Lynch and Citigroup leading underwriting.

Although controversial, GM, Chrysler and GMAC financial self bailing out registered United States loss more grosse.Le Centre for Automotive Research has calculated that increased welfare payments and lost tax revenues would have been more expensive in the long term to allow companies to fail.

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Still, it's worth asking the question. Yu's comment is his first public response to a disclosure on page 200 of the flotation prospectus, stating that he was absent from work for a brief period in March with a cardiological complaint.

Then there are the 13 pages of "risk factors" noting potential concerns including the fact that the company is not currently obliged to hold a licence in territories representing 27pc of its latest
full-year revenues of ￡341m and the reminder that "in some jurisdictions, online betting and gaming may be illegal".

Gambling can be a risky business, though Yu is at pains to point out how different the world's largest international online sports betting provider is to conventional bookmakers.

"What we do," he says, "is bring a community of users together and match people who have opposing views. They're betting through us but against each other. The bet is legally with us. We hold the bookmaker's licence.

"We're the bookmaker that takes the bet but we only accept the bet if we know we can perfectly hedge it with someone of an opposing view. That's the magic of our technology. We never lose money on the betting."

Founded 10 years ago by Andrew Black and Ed Wray, Betfair now has more than 3m registered users and 800,000 active customers.

Its sophisticated technology takes 4,500 bets every second, amounting to 5m transactions a day – more than all Europe's stock markets combined – with ￡284m of customer funds on deposit ready for wagering and a further ￡3,000 deposited with Betfair every minute.

Betfair claims its bet-matching technology and ability to constantly update betting odds during live sporting events give punters prices that are, on average, 24pc better than those of traditional bookmakers in horseracing. The most dramatic examples of this have become legends in the industry.

One came during a race at Cheltenham in 2006 when a customer in Pontypridd asked for a ￡10 bet on a horse called Noland but Betfair found a matching bet at 999-1 at a moment the horse was 10th. It won the race.

And in 2002 at Southwell, odds of 999-1 were found for a ￡4 bet on Family Business after its jockey Tony McCoy fell off. The other horses in the race failed to finish but McCoy managed to remount and won.

Yu, 42, is delighted to have got the float away, saying the process was "exciting, exhausting and thrilling all in one".

It was controversial, too, with Goldman Sachs criticised for under-pricing the offering, which did not raise any new money and resulted in just 15pc of the existing stock changing hands.

However, Yu defends the pricing, saying: "It was up to the market to set the price. We believe the flotation is really the start of a new chapter for us. I believe we can grow faster as a public company than as a private company."

What about all the disclosures in the prospectus, not least the one about his health? Can he give any more details?

"I think you've seen it all in there," he says. "Thanks for asking about it but I feel great. We decided that in the interests of transparency we should put something in but I feel fine. I wouldn't have gone through this process if I wasn't."

Yu, an American who has been with Betfair since 2001 – working his way up from chief technology officer to chief operating officer and then taking over as chief executive in 2005 – has lots on his plate.

Broker KBC Peel Hunt believes Betfair can increase its earnings before interest, tax, depreciation and amortisation (Ebitda) by a compound 25pc over three years.

However, net gaming revenues from Betfair's core business slowed to 7pc in the year to April 2010, or about 5pc when stripping out interest on client funds. Could Betfair's low-risk model also make it a low-growth utility?

"I must admit I've never heard that," says Yu. "I think there's tremendous growth. There's so much headroom in the market for growth that I think being called a utility is quite a few years away."

He sees continued growth in the global online gambling and betting market, particularly in sports betting, where Betfair's revenue grew 12pc last year, with 970,000 new registrations and 441,000 new customers.

There's also potential for cross-selling of other gambling products, such as online poker and casino, and there are new channels for customers to place bets, with iPhone, iPad and BlackBerry apps.

"Now you can sit at Starbucks and be using your mobile phone to bet," says Yu. "We can give you an opportunity to bet any time, anywhere and in any place."

To demonstrate, his communications chief logs on to Betfair on her iPhone and bets on a horse called Point North in the 4.50 at Nottingham at odds of 8-5. The process takes less than a minute.

The big problem is further expansion overseas, where half of Betfair's revenues come from.

"Ironically, the biggest four betting countries in the world – the US, China, India and Japan – are restricted in some form," says Yu.

"Obviously we hope those markets will open up over time but today you can't bet online legally so we don't operate there."

Betfair operates in the US only through TVG, a 10-year-old online horse-betting company that operates pool betting similar to Britain's Tote in 18 US states and was acquired for $50m (￡31m) last year.

However, Yu believes the US is finally changing, pointing to California's approval of a bill that will allow the state's residents to use a betting exchange for horseracing from May 2012.

He wants to expand TVG into other states and also launch a Betfair exchange into California.

"We hope the US will continue to liberalise," he says. "The challenge with the gaming industry is the rate of regulatory change. Governments work to different timetables. It's impossible to predict when different markets will open.

"In the long-run, regulation of gaming makes sense. It makes more sense than prohibition. It should be licensed, it should be taxed.

"It may take years to get there and it may happen at different times but I'm encouraged because it's going in the right direction."

Yu is also excited about LMAX, Betfair's new contracts for difference (CFDs) online trading exchange, which launched last week after a ￡25m investment. He believes there will be opportunities to expand further into financial trading.

"We hope LMAX can be as disruptive as Betfair," he says. "We're creating a marketplace where retail customers can come together and trade into the exchange directly without having to go through a market maker. It's taking out one link in the chain. We brought a fundamentally different way of allowing people to bet that was more efficient and we're trying to do the same in financial trading."

Other issues are dominating the headlines, however. Alongside the rest of Britain's bookmakers, Betfair has been wrangling over the levy amounting to 10pc of gross profits on UK horseracing that's paid to the sport in Britain. The company has also lobbied the Department for Culture, Media and Sport's review of the regulation of remote gambling.

Online betting companies based in Britain pay a gross profits tax of 15pc, which has prompted online bookmakers, including Ladbrokes and William Hill, to move their online betting operations to offshore tax havens. Yu feels Betfair is penalised for staying in the UK, where it has 1,000 of its 2,000 staff.

"What we have to consider is that many others have gone offshore and we don't think that is a fair and level playing field right now," he says.

"Last year, we paid about ￡20m in gross tax on our profits, so we're making a significant contribution back into the UK. We think it should be fair and commercially competitive, and right now I don't believe it is."

Does he want a special deal or a reduced rate? "Not necessarily," he continues. "What we're saying is that there must be a way that by being an onshore business and paying tax we would be entitled to do things in a way that makes it fair for us.

"It might be around advertising. Maybe one thing might be that you need to be licensed in the UK and paying tax if you want to advertise in the media or do other things here in the UK.

"We're very happy to be licensed and to pay sensible tax but if we don't see movement we'd have to continually consider what's right for the business over the long term."

Yu has spent his career in technology, graduating from Stanford University in California with a computer science masters and then working in a host of internet companies, including AltaVista, which brought him to the UK as vice-president for engineering in its e-commerce and international division. His stint in Britain ended after a year but Yu stayed, joining fledgling online betting firm Flutter. Within three months, Flutter announced a merger with Betfair and Yu became chief technology officer of the combined operation.

"There are huge technical demands in what we do," he says. "That's what appealed to me as a technologist. It looks very easy to the consumer but what goes on behind the scenes is hugely complicated."

Does he bet himself? "I do. I try my hand with the horses," he says. "I can't say I'm an expert at it but I love sports. The thing about working at Betfair is if you love sports there's something happening all the time."

There certainly is. After our interview, I check the racing results. Point North came in a winner and Betfair's communications chief won ￡8.10 with her ￡5 bet.

That sort of return that will keep the company's new shareholders happy.

Yu will be hoping Betfair can continue to produce it.

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The State Bank run offered 20 cents of euro holders for the. 1 €6bn subordinated debt. If holders take the offer their debt will be exchanged for a person aged bonds guaranteed by the Government which can be cashed in a year.

Anglo Irish, who is desperate for capital, already bought back the junior Debt Paydown EUR 400 million. The Ireland is confronted with a bill of over 50 billion € for lenders and wants to ensure that the burden is shared with the holders of subordinated bonds.Exchange, advised by JP Morgan Cazenove supply comes after Finance Minister Brian Lenihan has promised to "problem" Junior holders taking a loss of their week investissements.Cette Michel Barnier, combative Europe's market leader stated that creditors in the absence of banks will have to accept more than a burden when these banks need bailout.

However, the holders of bonds, who complained that they were obtained an agreement first, says that treatment could have an impact in the long term on the ability of banks to find the financement.Avant agreement, subordinated debt rated 28 c already low.

The Irish Government has promised to take €11 to support the Anglo month last on the top of the. 22 €9bn, that he has already pumped into since enter lender in January 2009.

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CONANT OPTICS ANNOUNCEMENT ON Shenzhen Stock Exchange China 01 Sept 2010

Stock Code : 300061

THE CO WILL HOLD THE 2ND EGM OF 2010 AT 09:00 ON 20SEP10.

MEETING AGENDA:
1. NOMINATION OF MR ZHONG RONGSHI AND MR YU JIANCHUN AS INDEPENDENT DIRECTOR
2. NOMINATION OF MR XIA GUOPING AS DIRECTOR
3. NOMINATION OF MR FAN SENXIN AS SUPERVISOR
4. AMENDMENTS TO THE CO’S INVESTMENT MANAGEMENT SYSTEM
5. AMENDMENTS TO THE CO’S OPERATION DECISION-MAKING AND MANAGEMENT RULES

MEETING ATTENDEES:
1. A-SHARE HOLDERS REGISTERED AT CSDCC SZN AFTER THE CLOSE OF TRADING ON 15SEP10 ARE ENTITLED TO VOTE. ORIGINAL NOTARIZED POWER OF ATTORNEY FOR VOTING IS REQUIRED.
2. DIRECTORS OF THE BOARD, SUPERVISORS OF THE SUPERVISORY COMMITTEE, SENIOR EXECUTIVES AND APPOINTED LAWYERS ARE ENTITLED TO ATTEND THE MEETING.

REGISTRATION PERIOD: 20100916

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BEILU PHARMACEUTICAL ANNOUNCEMENT ON Shenzhen Stock Exchange China 01 Sept 2010

Stock Code : 300016

THE CO HELD ITS 2ND EGM OF 2010 ON 31AUG10, DURING WHICH THE FOLLOWING PROPOSAL(S) WAS/WERE APPROVED:
1. RE-ELECTION OF DIRECTORS
2. AMENDMENTS TO THE CO’S ARTICLES OF ASSOCIATION
3. ADJUSTMENTS TO PARTIAL CONSTRUCTION CONTENTS OF PROJECT INVESTED WITH RAISED FUNDS
4. USE PLAN OF EXCESSIVE RAISED FUNDS
5. RE-ELECTION OF SUPERVISORS

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companies listed on the Iceland Stock Exchange Complete List

* 365
* Alfesca
* Atlantic Airways
* Atlantic Petroleum
* Atorka Group
* Bakkav?r
* Century Aluminum Company
* Eik Banki
* Eimskipafélag íslands
* Exista
* FL Group
* Flaga
* F?roya Banki
* Glitnir banki
* HB Grandi
* Icelandair Group
* Kaupthing Bank
* Landsbanki
* Marel Food Systems
* Nyherji
* OMX
* SPRON
* Straumur-Burearás Fjárf.banki
* Teymi
* Vinnslust?ein
* ?ssur

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Tel Aviv Stock Exchange? TA-100 – Index Components

As of 04/10/2009

Teva Pharmaceutical Industries Ltd. Bezeq The Israel Telecommunication Corp, Ltd. Partner Communications Company Ltd. Discount Investment Corporation Ltd. MA Industries (Makhteshim Agan) Migdal Insurance and Financial Holdings Ltd. Clal Insurance Enterprises Holdings Ltd. Delek Drilling Limited Partnership Avner Oil Exploration Ltd. Partnership Harel Insurance Inv. & Fin. Services Ltd First International Bank of Israel FIBI HOT Telecommunication Systems Ltd. Clal Industries and Investments Ltd. Housing & Construction Holding Company Limited Menorah Mivtachim Holdings Ltd Africa Israel Investments Ltd. Bayside Land Corporation Ltd. (Gav-Yam) Alony-Hetz Properties & Investments Ltd. British Israel Investments Ltd. Jerusalem Economy Ltd. (formerly Jerusalem Economic Corporation Ltd.) Alrov Properties & Lodgings Ltd. Granite Hacarmel Investments Ltd. Otzar Hityashvuth Hayehudin Ltd Ituran Location and Control Ltd. J.O.E.L. Jerusalem Oil Exploration Ltd. Naphtha Explorations Limited Partnership Internet Gold-Golden Lines Ltd. Queenco Leisure International Ltd. Adgar Investment and Development Ltd. Ampal-American Israel Corporation

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TIANJIN TEDA ANNOUNCEMENT ON Shenzhen Stock Exchange China 01 Sept 2010

Stock Code :000652

THE CO WILL HOLD THE 3RD EGM OF 2010 AT 14:30 ON 17SEP10.

MEETING AGENDA:
1. THE CO’S ELIGIBILITY FOR NON-PUBLIC OFFERING OF RMB-DENOMINATED COMMON STOCK
2. SCHEME FOR 2010 NON-PUBLIC OFFERING OF RMB-DENOMINATED COMMON STOCK
3. PLAN OF 2010 NON-PUBLIC OFFERING OF RMB-DENOMINATED COMMON STOCK
4. CONDITIONAL STOCK SUBSCRIPTION AGREEMENT ON THE NON-PUBLIC OFFERING TO BE SIGNED WITH A CO
5. FEASIBILITY REPORT ON THE USE OF FUNDS TO BE RAISED FROM 2010 NON-PUBLIC OFFERING OF RMB-DENOMINATED COMMON STOCK
6. AUTHORIZATION TO THE BOARD TO HANDLE MATTERS IN RELATION TO 2010 NON-PUBLIC OFFERING OF RMB-DENOMINATED COMMON STOCK
7. STATEMENT ON THE USE OF PREVIOUSLY RAISED FUNDS
8. THE CO’S CONNECTED TRANSACTION MANAGEMENT SYSTEM(DRAFT)
9. THE CO’S RAISED FUNDS MANAGEMENT SYSTEM(DRAFT)

MEETING ATTENDEES:
1.A-SHARE HOLDERS REGISTERED AT CSDCC SZN AFTER THE CLOSE OF TRADING ON 10SEP10 ARE ENTITLED TO VOTE. ORIGINAL NOTARIZED POWER OF ATTORNEY FOR VOTING IS REQUIRED.
2. DIRECTORS OF THE BOARD, SUPERVISORS OF THE SUPERVISORY COMMITTEE, SENIOR EXECUTIVES AND APPOINTED LAWYERS ARE ENTITLED TO ATTEND THE MEETING.

REGISTRATION PERIOD: 20100914

THE CO’S SHAREHOLDER MAY CHOOSE TO VOTE ONLINE VIA THE TRADING SYSTEM OF SHENZHEN STOCK EXCHANGE OR VIA THE WEBSITE OF HTTP://WLTP.CNINFO.COM.CN.
PART I VOTING VIA THE TRADING SYSTEM
VOTING DATE: 17SEP10
VOTING CODE:360652
VOTING ABBREVIATION:TEDA VOTING
VOTING PROCESS:
1.TO INPUT THE “BUY” INSTRUCTION TO BEGIN VOTING
2.TO INPUT THE SERIAL NUMBER OF THE AGM PROPOSALS UNDER THE ITEM OF “SUBSCRIPTION PRICE” “1 SHARE” FOR VOTING FOR, “2 SHARES” FOR VOTING AGAINST AND “3 SHARES” FOR “ABSTENTION”.

PART II VOTING VIA THE INTERNET
SHAREHOLDERS MAY CHOOSE THE CA (CERTIFICATION AUTHORITY) OR SERVICE PASSWORD FOR IDENTITY VERIFICATION. AS TO THE SERVICE PASSWORD, SHAREHOLDERS MAY APPLY FOR A PASSWORD ON THE WEBSITE HTTP://WWW.SZSE.CN OR HTTP://WLTP.CNINFO.COM.CN.
VOTING PERIOD: FROM 16SEP10 TO 17SEP10

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