| Lynas confirms Malaysian base for Western Australian rare earths ...
The long road to development for Lynas Corporation Mount Weld rare earths project near Laverton in Western Australia received an open gate today when it received all approvals from Malaysian authorities to build an advanced materials plant.PERTHApproval for the plant to process rare earth concentrates shipped from Lynas Corporation Ltd's (ASX:LYC) Mount Weld have been given by Malaysia's State of Pahang's Department of Environment and also from the country's Atomic Energy Licencing Board. After exacting studies from the late 1990s through to 2005, Lynas decided the economics of developing a rare earths recovery plant were far cheaper in Malaysia than the original concept in Western Australia, not just based on financial issues but also by moving the processing closer to the global markets.
In close race, U.S. Democrats brace for the long haul
For those voters who consider Obama as a glamorous IPO with the high-flying potential like another Google, they jump onto the bandwagon in fear that they might miss the chance to get rich quick. Who knows what eventually could turn out, just like so many fancy stocks during the dotcom craze days eventually turned into dogs and lemons in the aftermath of the dotcom meltdown. Obama might just become another Crispy Cream, which had so much anticipation and later so mcuh disappointment. .
Stocks Advance, Led by Techs
Stocks closed higher Wednesday after reversing an earlier drop. Technology issues were among the session's best performers, aided by a strong earnings report from Hewlett-Packard (HPQ). Financial stocks rose later in the day, as minutes from Federal Reserve January policy meetings apparently supported hopes for further interest rate cuts. Stocks tied to precious metals and oil got a lift from gains in commodities futures, as crude oil topped the $100 mark once again to close at a new record. Investors also digested reports showing worsening inflation risks and only slight improvement in the housing market. On Wednesday, the Dow Jones industrial average finished higher by 90.04 points, or 0.73%, at 12,427.26. The broader S&P 500 index added 11.25 points, or 0.83%, to end at 1,360.03.
Keeping up with Clinton
1:45 p.m.: Still waiting ... 1:48 p.m.: Clinton arrived in a Chevy SUV in the back area of the fairgrounds and was greeted by elected officials including Congressman Solomon P. Ortiz, state Rep. Solomon Ortiz Jr. and state Rep. Abel Herrero and others and walked into a fundraiser and reception where monied supporters waited. She is expected to make an appearance any second. 1:50 p.m.: Clinton is trying to get to the stage, but crowds are blocking the entrance. 1:51 p.m.: Walter Jones, 62, came to see the candidate. He wanted to judge the speech, body language and interaction before deciding how to vote. “I want to look at an individual in the eyes and see." His wife Jacquelyn Jones, 59, said he wouldn't be close enough to see that. Jacquelyn said she felt they should have held this rally at a better facility and that it needed better organization, complaining that a large group of Robstown students were allowed to cut in front of them.
GM plan lifts stock price
Stock in the 100-year-old automaker rose on the announcement by GM's top executives that the company plans to extend buyout and retirement offers to 46,000 workers who are eligible to retire in February. GM is expected to offer packages to its entire workforce at some point. Wagoner also acknowledged that a worse-than-expected U.S. automotive market could prompt further plant closings in North America. While some analysts expressed concern that GM continues to hold too rosy a view of the 2008 market, the reaction was much more positive than at the beginning of GM's current restructuring plan in 2005, when there was widespread concern that the automaker wouldn't last to see its centennial. Instead, even those analysts who say GM should be cutting faster, more or sooner say the automaker appears now to be in a sustainable position, thanks to continuing restructuring plans in North America and Europe and plans for growth in emerging markets.
Sask. woman wins legal battle against drug dealer
Actions have consequences and she needs to learn to live with the fallout of her poor choices. While the dealer did provide her with the drug it was ultimately her decision to use it. This precedent opens the door to similar cases in the future and that is very unfortunate. We need to accept responsibility for our actions. .
Hip-Hop Rumors: Bump J FREE!?! Jim Jones' Reality Show? Mike Jones ...
Apparently the UK writers weren't all happy about the way things where handled, but I think that Def Jam was on point. In this era, a cell phone can = a leak. Here is what somebody said:
It was so deep, you were officially not allowed to actually leave your seat while they played tracks - not even to go to the toilet. Then you had to hand your lyric sheets back into the door goons like it was school assembly or summin. Why are American's so over the top? I mean, is there any need? All phones and everything were also confiscated...
BACK TOGETHER – EDDIE AND TRACEY
Well, not exactly. They just decided to issue a joint press statement on why they aren't together.
Oil price hits new record of $US101.32 a barrel
WORLD oil prices hit a new record of $US101.32 ($110.48) a barrel in Asian trading today on renewed concerns over global crude oil supplies. New York's main oil futures contract, light sweet crude for delivery in March, closed overnight up 73 cents at an all-time high of $US100.74. The latest price spike burst Tuesday's record price of $US100.10 and record close at $US100.01. In London, Brent North Sea crude for April delivery settled 14 cents lower at $US98.42, after striking a record $US98.70 Tuesday. Prices have soared amid growing speculation OPEC, which supplies about 40 per cent of the world's oil, may cut output at its March 5 meeting in Vienna, anticipating a fall in demand at the end of the northern hemisphere winter and a US economic slowdown, analysts said. "Supply worries and comments by some OPEC members that the group might not raise output at their March meeting provided the catalyst for the sharp rally," said Barclays Capital analyst Kevin Norrish.
HSBC to set up brokerage in UAE equity markets
The company, to be called HSBC Middle East Securities, will offer UAE domestic market brokerage services to both institutional and retail investors. The company is expected to begin trading for institutions by the end of 2007, and to offer retail brokerage services in 2008. Emirates Securities and Commodities Authority (ESCA), the regulator for the UAE's securities markets, recently granted HSBC authorisation to establish the brokerage company. The authorisation is subject to the various legal and infrastructural requirements meeting the approval of ESCA, as well ADSM and DFM. With this approval, HSBC is poised to become the first global bank on the UAE's exchanges. HSBC already buys and sells UAE shares on behalf of Western institutions through third party brokers. In addition, HSBC is a sub-custodian on both ADSM and DFM, and this service will continue to be provided by the bank's specialist sub-custody operation.
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