Tag Archives: Luxembourg

Computational biology: Cells reprogrammed on the computer

Scientists at the Luxembourg Centre for Systems Biomedicine (LCSB) of the University of Luxembourg have developed a model that makes predictions from which differentiated cells – for instance skin cells – can be very efficiently changed into completely different cell types – such as nerve cells, for example. This can be done entirely without stem cells. These computer-based instructions for reprogramming cells are of huge significance for regenerative medicine. The LCSB researchers present their results today in the prestigious scientific journal Stem Cells. …read more

Source: FULL ARTICLE at Phys.org

Luxembourg's Government Collapses But Probably Not for Long

By Cecilia Rodriguez, Contributor

Walking around Luxembourg city, the capital of the only Grand Duchy in the world, it’s hard to believe the country is enduring its most serious crisis in four decades, its government collapsed after its prime minister tendered his resignation on Thursday. …read more

Source: FULL ARTICLE at Forbes Latest

Heavy clashes in Syria near Lebanese border

Syrian troops backed by pro-government gunmen fought fierce battles with rebels on Saturday in a strategic area in Homs province near the Lebanese border, activists and state media in Damascus reported.

The latest fighting came as U.S. officials said the Obama administration was poised to send millions more in non-lethal military aid to rebels trying to oust President Bashar Assad.

The clashes around the contested town of Qusair, close to the Syria-Lebanon boundary, had intensified over the past two weeks amid a fresh offensive by the Syrian army and a pro-government militia known as Popular Committees, backed by the Lebanese militant Hezbollah group.

The border region near the provincial capital of Homs is strategic because it links Damascus with the coastal enclave that is the heartland of Syria‘s Alawites, a sect from which Assad hails, and is also home to the country’s two main seaports, Latakia and Tartus.

The U.N. Security Council has been deadlocked for months on the Syrian war, and even the most modest attempts to end the bloodshed have failed. Western and many Arab nations blame the conflict on Assad’s government. Russia insists on assigning equal blame for the suffering to the Syrian opposition and rebels fighting on the ground, and has cast vetoes, along with China, to block draft council resolutions.

On Friday, U.S. officials in Washington said Secretary of State John Kerry was expected to announce a significant expansion of non-lethal military aid to the Syrian opposition at an international conference on Syria he will attend Saturday in Turkey. The officials spoke on condition of anonymity because they were not authorized to preview Kerry’s announcement publicly.

Also, the European Union is looking for ways to bolster the forces fighting to oust Assad, and is set to ease its oil embargo on Syria, two diplomats said Friday. The decision would allow the import of oil production technology and the sale of crude from territory held by the Syrian opposition, in close coordination with the movement’s leaders, the diplomats said, speaking on condition of anonymity ahead of a formal decision by the bloc’s 27 foreign ministers at a meeting Monday in Luxembourg.

On the Lebanese side of the border, schools were evacuated Saturday in the mostly Shiite villages of al-Qasr, Bouweydah and Hawch amid fears that Syria‘s rebels could target the residents. Later in the day, state-run National News Agency reported that two rockets fell near al-Qasr, causing material damage.

From: http://feeds.foxnews.com/~r/foxnews/world/~3/sMK_mMB8j6o/

Luxembourg shows 'bigger is not always better'

Sometimes good things come in small packages and this is indeed true of Luxembourg when it comes to information and communication technologies (ICT). Take the example of broadband rollout. Being a small country means there is less territory to cover, so ultra-fast fixed-line internet connections are widely available and mobile broadband penetration is one of the highest in the EU at 64.8 %, and growing.

From: http://phys.org/news285581443.html

Diplomats: EU set to ease Syria oil embargo

Two diplomats say the European Union is set to ease its oil embargo on Syria to bolster the forces fighting to oust President Bashar Assad‘s regime.

The EU diplomats said Friday the decision would allow the import of oil production technology and the sale of crude from territory held by the Syrian opposition, in close coordination with the movement’s leaders.

The diplomats spoke on condition of anonymity Friday ahead of a formal decision by the bloc’s 27 foreign ministers at their meeting Monday in Luxembourg.

Syria was never a major oil producer, but exports could open an important revenue stream for Syria‘s opposition.

However, the diplomats acknowledged that it was still unclear when and how much crude could be exported, due to the volatile security situation.

From: http://feeds.foxnews.com/~r/foxnews/world/~3/8bFzJvIBj_M/

Diplomats: EU to drop sanctions against Myanmar

Two diplomats say the European Union will drop most sanctions against Myanmar to reward the country’s progress toward democracy.

The EU diplomats say the decision will be formally taken by the bloc’s 27 foreign ministers when they meet Monday in Luxembourg.

The sanctions — targeting more than 800 companies and nearly 500 people — were suspended last April for one year after the country’s military rulers had handed over power to a civilian government that launched democratic reforms.

An embargo on arms and equipment that can be used for internal repression will remain in place.

The diplomats said Friday the end of sanctions should encourage EU firms and development organizations to strengthen their engagement in Myanmar. They spoke on condition of anonymity ahead of the formal decision next week.

From: http://feeds.foxnews.com/~r/foxnews/world/~3/fiVNm-_UUTE/

Lehman's Europe arm creditors may be repaid

The administrators of the European arm of Lehman Brothers have told creditors that they may be repaid in full.

The repayment news, announced Monday, comes after settlements with other Lehman affiliates in the United States, Switzerland and Luxembourg — ending lengthy legal actions. PwC says the settlements have resulted in higher-than-expected future recoveries and a reduction in the reserve for claims.

Tony Lomas, lead administrator at PwC, says the assessment marks a significant milestone. The administrators told creditors there was a reasonable chance of full repayment in a progress report sent out on April 12.

Lehman Brothers IE had around 23 billion pounds in client assets on Sept. 15. 2008, the day its U.S. parent filed for bankruptcy protection. The bank’s failure helped spark the global economic crisis.

From: http://feeds.foxnews.com/~r/foxnews/world/~3/5zYmFXWYfgQ/

Luxembourg agrees to help fight tax cheats

Luxembourg says it will exchange information with the rest of Europe to help fight tax evasion.

The initiative, which is to start in 2015, follows international pressure on Luxembourg to end its policy of banking secrecy that critics say has helped people hide money from tax authorities.

Luxembourg, a tiny country of half a million people, boasts a huge financial industry with more than 3 trillion euros ($4 trillion) in assets.

The government said Wednesday it will set up an automatic exchange of information about interest payments made to European Union citizens with bank accounts in Luxembourg “so as to ensure taxation according to the laws” of the customer’s home country.

The move is likely to increase pressure on Austria, the EU‘s other holdout on providing tax information.

…read more

Source: FULL ARTICLE at Fox World News

Financial hub Luxembourg under increased scrutiny

As the European Union‘s wealthiest country, Luxembourg could have been forgiven for thinking that it would never find itself on the bloc’s financial risk list.

With just half a million people living on a tiny patch of lush land nestled between Belgium, France and Germany, Luxembourg is as tranquil as a buzzing financial center gets. Still, some of Europe‘s regulators and politicians have started wondering aloud whether its banks might be holding the 17-nation eurozone’s next ticking bomb.

Following the chaotic bailout for Cyprus last week, European officials have been drawing worrying comparisons between the two countries’ oversized financial industries.

Mario Draghi, president of the European Central Bank, cautioned on Thursday that “the recent experience shows that countries where the banking sector is several times bigger than the economy are countries that, on average, have more vulnerabilities.”

“Financial shocks hit these countries stronger, simply because of the size of their banking sector.”

The increased scrutiny has taken Luxembourg‘s government by surprise and put it on the defensive. It has rejected calls to shrink its country’s main source of wealth to a more manageable size, claiming that its banking industry is much more secure than Cyprus‘s and any crackdown would not only harm its own economy but that of the wider eurozone.

Cyprus was forced to seek a bailout from its eurozone partners after its once-thriving banking industry collapsed. The country couldn’t afford to bail out its financial sector which, thanks to massive deposits of foreigners, had grown to eight times the size of its economy. The 10 billion euro ($13 billion) rescue loan package comes with tough austerity measures attached, as well as a brutal shrinking of the banking industry and significant losses for savers with deposits larger than 100,000 euros.

In comparison, the balance sheets of the banks in Luxembourg have swollen to about 22 times the country’s annual economic output of 44 billion euros — making it Europe‘s richest country per capita. The country is also the world’s second-largest center for investment funds, with about 3,800 funds holding assets worth €2.5 trillion ($3.2 trillion) — about 55 times the country’s gross domestic product. It has 141 banks based there, with five of them domestic institutions and the remainder being mainly divisions of foreign banks.

“There are no parallels between Cyprus and Luxembourg, and we don’t allow any parallels to be forced …read more

Source: FULL ARTICLE at Fox World News

United States Ranks as 19th Best Country for Retirees

By Business Insider

Filed under: , , ,

(Alamy)

By MANDI WOODRUFF

For retirees hoping to live long and prosper in their golden years, the U.S. is only the 19th best place to be, according to a new index by the NGAM Durable Portfolio Research Center.

The humbling report, called the Natixis Global Retirement Index, places Western European countries far ahead of the U.S. in areas like health, finances, quality of life, and material well-being.

“The message is clear: You will be called on to finance more of your retirement,” John Hailer, NGAM‘s president and chief executive officer, said in a statement.

“Citizens of other industrialized nations can rely on strong social safety nets in old age, at least for now. In the U.S., we encourage workers to plan, save and invest, and promote policies that help them meet their future needs.”

Sponsored Linksadsonar_placementId=1505951;adsonar_pid=1990767;adsonar_ps=-1;adsonar_zw=242;adsonar_zh=252;adsonar_jv=’ads.tw.adsonar.com’;

Norway ranked the best out of 150 nations studied, followed by Switzerland, Luxembourg, Sweden and Austria.

The U.S. was also overshadowed by its neighbor to the North, Canada (No. 13), Japan (No. 15), and came in just one spot ahead of the United Kingdom (No. 20).

Here’s where the U.S. falls behind:

A costly health care system. Although the U.S. spends more on health care per capita than any other country in the world, consumers are still left to cover a big portion of those costs on their own. For retirees, those costs only increase with age. On average, a 65-year-old couple will shell out more than $250,000 for out-of-pocket health care spending needs, according to U.S. News and World Report. Nearly all the high-ranking countries in the NGAM index have universal health care systems in place.

Aging boomers. Americans are living longer than ever, but federally-sponsored social programs that so many older consumers rely on today may not be able to sustain future retirees. According to NGAM, the number of people aged 65 or older is on track to triple by 2050. There’s no telling how long Social Security will last as a viable income option, and as it stands, more than half of married couples and 74 percent of unmarried persons receive 50 percent or more of their income from Social Security. It’s more vital than ever for consumers to re-estimate how much they’ll need to support themselves in retirement.

Retirement savings deficit. It should come as no surprise that more consumers are relying on social programs to supplement their income in old age. The Great Recession played its roll in pummeling nest eggs for millions of workers, but U.S. workers aren’t exactly known for their savvy savings strategy to begin with. More than 53 percent of American workers 30 and older are on a path that will leave them unprepared for retirement, according to a recent U.S. Senate Report. And as it stands, only one-third of eligible workers …read more
Source: FULL ARTICLE at DailyFinance

Coca-Cola Enterprises, Inc. to Webcast First-Quarter 2013 Earnings Conference Call

By Business Wirevia The Motley Fool

Filed under:


Coca-Cola Enterprises, Inc. to Webcast First-Quarter 2013 Earnings Conference Call

ATLANTA–(BUSINESS WIRE)– Coca-Cola Enterprises (NYSE/Euronext Paris: CCE) will release first-quarter 2013 earnings before the market opens on Thursday, April 25.

A conference call discussing these results will be webcast live through the company’s website, www.cokecce.com, at 10:00 a.m. ET, 3:00 p.m. GMT, and 4:00 p.m. CET. A replay of the presentation will be available later that day.

A copy of the company’s news release will be available through the website on the home page and under the Investors section under news and events.

ABOUT CCE

Coca-Cola Enterprises, Inc. (CCE) is the leading Western European marketer, producer, and distributor of non-alcoholic ready-to-drink beverages and one of the world’s largest independent Coca-Cola bottlers. CCE is the sole licensed bottler for products of The Coca-Cola Company in Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden. We operate with a local focus and have 17 manufacturing sites across Europe, where we manufacture nearly 90 percent of our products in the markets in which they are consumed. Corporate responsibility and sustainability is core to our business, and we have been recognized by leading organizations in North America and Europe for our progress in water use reduction, carbon footprint reduction, and recycling initiatives. For more information about our company, please visit our website at www.cokecce.com and follow us on twitter at @cokecce.

Coca-Cola Enterprises, Inc.
Thor Erickson – Investor Relations
+1 (678) 260-3110
or
Fred Roselli – U.S. Media Relations
+1 (678) 260-3421
or
Lauren Sayeski – European Media Relations
+ 44 (0) 7976 113 674

KEYWORDS:   United States  North America  Georgia

INDUSTRY KEYWORDS:

The article Coca-Cola Enterprises, Inc. to Webcast First-Quarter 2013 Earnings Conference Call originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

…read more
Source: FULL ARTICLE at DailyFinance

Tiny Luxembourg defends its large financial sector

Luxembourg defended the huge size of its financial sector from criticism Wednesday after Cyprus‘ messy bailout deal dragged other tiny economies with big banking sectors into the spotlight.

Land-locked Luxembourg is the European Union‘s second-smallest nation, with about 500,000 inhabitants, and has a banking sector about 20 times its annual economic output. Cyprus had a banking sector eight times its GDP.

Seeking to distance itself from Cyprus‘ collapse, the government said it “is concerned about recent statements and declarations” on the alleged economic risks of outsized financial sectors.

While Cyprus‘ banking sector was “structurally unbalanced,” that of Luxembourg “acts as an important gateway for the euro area by attracting investments and thus contributing to the general competitiveness,” it said.

The statement was highly unusual for Europe‘s wealthiest nation per capita, reflecting its fear of being bullied by the eurozone’s economic heavyweights, Germany and France, which are increasingly dominating the bloc’s decision-making.

Until recently, Luxembourg wielded much greater influence in the EU as its size would normally allow, because long-time Prime Minister Jean-Claude Juncker chaired the Eurogroup gatherings of the bloc’s 17 finance ministers.

Luxembourg‘s ratio of a banking industry 20 times as big as the country’s economic output doesn’t even take into account the huge investments funds based there. That’s “because they are only managed from Luxembourg but not physically located there,” said government spokesman Guy Schuller.

But the new Eurogroup chief, Jeroen Dijsselbloem, suggested Monday that nations with outsized financial systems — such as Luxembourg or Malta — must fix their banks now because they cannot rely on other Europeans to bail them out. German Finance Minister Wolfgang Schaeuble has also voiced criticism about some nations’ unbalanced economic models. Financial services account for about a quarter of Luxembourg‘s annual economic output.

The underlying issue is that in these small countries, the government would not be able to afford bailing out the banks, meaning a major bank insolvency could rapidly drag down public finances.

Cyprus secured a 10 billion euro ($12.9 billion) package of bailout loans on Monday. The deal also forced it to dissolve the country’s second-largest bank, inflicting significant losses — possibly up to 40 percent — on all deposits larger than 100,000 euros ($129,000).

…read more
Source: FULL ARTICLE at Fox World News

Deutsche Bank Appointed as Successor Depositary Bank for the Level I American Depositary Receipt Pro

By Business Wirevia The Motley Fool

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Deutsche Bank Appointed as Successor Depositary Bank for the Level I American Depositary Receipt Program of Petroleum Geo-Services ASA

NEW YORK & OSLO, Norway–(BUSINESS WIRE)– Deutsche Bank today announced its appointment as the successor depositary bank for the Level I American Depositary Receipt (ADR) program of Petroleum Geo-Services ASA (PGS).

PGS is a focused marine geophysical company providing a broad range of seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. The Company’s MultiClient data library is among the largest in the seismic industry, with modern 3D coverage in all significant offshore hydrocarbon provinces of the world. PGS operates on a worldwide basis with headquarters at Lysaker (Oslo) Norway, and with other regional centers in London, Houston and Singapore. The PGS share is listed on the Oslo stock exchange (OSE: PGS).*

Edwin Reyes, Head of Depositary Receipts at Deutsche Bank, said, “We welcome PGS to our depositary receipts platform. This notable mandate demonstrates Deutsche Bank‘s commitment to Norway and we are pleased to utilize our broad range of customized services to assist PGS in enhancing the visibility of its ADR program with the investor community.”

*Source: Petroleum Geo-Services ASA (March 2013)

About Deutsche Bank Trust & Securities Services

Deutsche Bank‘s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on www.adr.db.com or www.tss.db.com.

This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG New York.

American Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the “Act”). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Services Authority. This notice has been approved and/or communicated by Deutsche Bank AG London. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche …read more
Source: FULL ARTICLE at DailyFinance

Why ArcelorMittal Is Poised to Bounce Back

By Brian D. Pacampara, The Motley Fool

Filed under:

Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool’s free investing community, steel giant ArcelorMittal has earned a respected four-star ranking.

With that in mind, let’s take a closer look at ArcelorMittal and see what CAPS investors are saying about the stock right now.

ArcelorMittal facts

Headquarters (founded)

Luxembourg (1989)

Market Cap

$20.7 billion

Industry

Steel

Trailing-12-Month Revenue

$84.2 billion

Management

Chairman/CEO Lakshmi Mittal

CFO Aditya Mittal

Return on Equity (average, past 3 years)

0.4%

Cash/Debt

$4.4 billion / $26.3 billion

Dividend Yield

4.7%

Competitors

POSCO

Nucor

United States Steel

Sources: S&P Capital IQ and Motley Fool CAPS.

On CAPS, 97% of the 2,098 members who have rated ArcelorMittal believe the stock will outperform the S&P 500 going forward.

Just yesterday, one of those Fools, Truslunch, tapped ArcelorMittal as a particularly solid bargain opportunity:

Largest steel producer in the world sitting at 52-week lows. This is a good value opportunity. Stock has taken a beating from market due to recession, fears on European economy, and lack of demand. [ArcelorMittal] has been closely associated with Europe … but this is a global company. … [T]here is a lot of opportunity in Asia when demand picks back up. So I’m a buyer from here. Huge upside long-term potential that pays me [a +4% dividend yield] to wait for a global recovery and is poised to benefit the most from future Asian development? Yes, please.

If you’re on the lookout for other high-yielding stocks, The Motley Fool has compiled a special free report outlining our nine top dependable dividend-paying stocks. It’s called “Secure Your Future With 9 Rock-Solid Dividend Stocks.” You can access your copy today at no cost! Just click here.

Want to see how well (or not so well) the stocks in this series are performing? Follow the TrackPoisedTo CAPS account.

The article Why ArcelorMittal Is Poised to Bounce Back originally appeared on Fool.com.

Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool recommends Nucor. The Motley Fool owns shares of ArcelorMittal. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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…read more
Source: FULL ARTICLE at DailyFinance

Dow May Rise as Children's Place Beats the Street

By Roland Head, The Motley Fool

Filed under:

LONDON — Stock index futures at 7 a.m. EDT indicate that the Dow Jones Industrial Average may open 0.16% higher this morning, while the S&P 500 may open up by 0.18%.

Markets began to stabilize in Europe this morning after slipping yesterday afternoon in the wake of Eurogroup President Jeroen Dijsselbloem‘s comments that the Cypriot deal could be a template for future bailouts. He later stepped back from these comments, saying that Cyprus was a special case — but it hasn’t escaped investors’ notice that Malta and Luxembourg are both similarly small countries with oversized financial sectors, just like Cyprus, while Spain and Greece also have problematic banking sectors.

By 7 a.m. EDT, most European markets were broadly unchanged, although in Greece, the Athens Stock Exchange was down by 4.2% following Dijsselbloem’s comments, and Spanish and Italian banks also dropped. In London, the FTSE 100 was up 0.1%, with investment manager Aberdeen Asset Management continuing yesterday’s strong run, up 3.9% at 7:35 a.m. EDT, while Kazakhstan miner Eurasian Natural Resources Corp was down 3.7%, after one of its largest shareholders, copper miner Kazakhmys, reported that it had halved the book value of its 26% stake in ENRC, reducing it to $2 billion.

In the U.S., investors will be watching today’s economic reports closely. First up, at 8:30 a.m. EDT, durable-goods orders are expected to have risen by 4.6% following a 4.9% fall in January. At 9 a.m. EDT, January’s Case-Shiller home price index will provide further information on the strength of the housing-market recovery, while at 10 a.m. EDT February’s new-home sales are expected to show that 417,000 new homes were sold last month, down slightly from 437,000 in January.

Companies reporting earnings before the markets open this morning include Children’s Place, which reported fourth-quarter earnings of $1.15 per share, ahead of consensus estimates of $1.04 per share. However, the firm revised its first-quarter and full-year guidance, suggesting it could fall below consensus expectations. Also due to report is food-testing specialist Neogen, which is expected to report earnings of $0.27 per share and says it has seen a surge in demand for its beef-testing kits following recent scandals involving the use of horse meat in beef products.

Let’s not forget that the Dow’s daily movements can add up to serious long-term gains. Indeed, Warren Buffett recently wrote, “The Dow advanced from 66 to 11,497 in the 20th Century, a staggering 17,320% increase that materialized despite four costly wars, a Great Depression and many recessions.” If you, like Buffett, are convinced of the long-term power of the Dow, you should read “5 Stocks To Retire On.” Your long-term wealth could be transformed, even in this uncertain economy. Simply click here now to download this free, no-obligation report.

The article Dow May Rise as Children’s Place Beats the Street originally appeared on Fool.com.


Roland Head has no position in any stocks mentioned. …read more
Source: FULL ARTICLE at DailyFinance

CCE Presents at CAGE Investor Conference, Affirms Full-Year 2013 Guidance

By Business Wirevia The Motley Fool

Filed under:


CCE Presents at CAGE Investor Conference, Affirms Full-Year 2013 Guidance

ATLANTA–(BUSINESS WIRE)– Coca-Cola Enterprises (NYSE/Euronext Paris: CCE) will discuss its plans and outlook with investors at the Consumer Analyst Group of Europe (CAGE) Conference in London on March 18 at 11:15 a.m. EDT (3:15 p.m. in London). The public can access the presentation through our website, www.cokecce.com.

John F. Brock, chairman and chief executive officer, and Bill Douglas, executive vice president and chief financial officer, will deliver the remarks.

In the presentation, CCE will affirm 2013 full-year guidance, including earnings per diluted share growth of approximately 10 percent and net sales and operating income growth in a mid-single-digit range. This guidance is comparable and currency neutral. At recent rates, currency translation would reduce full-year earnings per share by approximately 1 percent to 2 percent.

ABOUT CCE

Coca-Cola Enterprises, Inc. (CCE) is the leading Western European marketer, producer, and distributor of non-alcoholic ready-to-drink beverages and one of the world’s largest independent Coca-Cola bottlers. CCE is the sole licensed bottler for products of The Coca-Cola Company in Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden. We operate with a local focus and have 17 manufacturing sites across Europe, where we manufacture nearly 90 percent of our products in the markets in which they are consumed. Corporate responsibility and sustainability is core to our business, and we have been recognized by leading organizations in North America and Europe for our progress in water use reduction, carbon footprint reduction, and recycling initiatives. For more information about our company, please visit our website at www.cokecce.com and follow us on twitter at @cokecce.


FORWARD-LOOKING STATEMENTS

Included in this news release are forward-looking management comments and other statements that reflect management’s current outlook for future periods. As always, these expectations are based on currently available competitive, financial, and economic data along with our current operating plans and are subject to risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements. The forward-looking statements in …read more
Source: FULL ARTICLE at DailyFinance

Deutsche Bank Appointed as Depositary Bank for the Sponsored Level I American Depositary Receipt Pro

By Business Wirevia The Motley Fool

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Deutsche Bank Appointed as Depositary Bank for the Sponsored Level I American Depositary Receipt Program of Clicks Group Limited

NEW YORK & JOHANNESBURG–(BUSINESS WIRE)– Deutsche Bank today announced its appointment as depositary bank for the non-capital raising sponsored Level I American Depositary Receipt (ADR) program of Clicks Group Limited (Clicks Group).

Clicks Group is a health and beauty focused retail and supply group which has been listed on the JSE Limited (Johannesburg Stock Exchange) since 1996. Through market-leading retail brands Clicks, Musica and The Body Shop, the group has over 600 stores across southern Africa. Clicks Group is a leader in the healthcare market where Clicks has the largest retail pharmacy chain with over 325 in-store dispensaries, as well as a direct-to-patient courier pharmacy service and South Africa‘s leading full-range national pharmaceutical wholesaler, United Pharmaceutical Distributors (UPD)*.

Edwin Reyes, Head of Depositary Receipts at Deutsche Bank, said, “We are delighted to be acting as depositary bank on this ADR transaction with Clicks Group. We look forward to providing this client with the highest level of service for their newly-launched program.”

*Source: Clicks Group Limited (March 2013)

About Deutsche Bank Trust & Securities Services

Deutsche Bank‘s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on www.adr.db.com or www.tss.db.com.

This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG New York.

American Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the “Act”). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Services Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is …read more
Source: FULL ARTICLE at DailyFinance

Deutsche Bank Appointed as Depositary Bank for the Level II NYSE-Listed American Depositary Receipt

By Business Wirevia The Motley Fool

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Deutsche Bank Appointed as Depositary Bank for the Level II NYSE-Listed American Depositary Receipt Program of Tenaris S.A.

NEW YORK–(BUSINESS WIRE)– Deutsche Bank today announced its appointment as successor depositary bank for the Level II New York Stock Exchange-listed American Depositary Receipt (ADR) program of Tenaris S.A. (Tenaris).

Tenaris is a leading global manufacturer and supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications. Its customers include most of the world’s leading oil and gas companies as well as engineering companies engaged in constructing oil and gas gathering, transportation, processing facilities. Tenaris’s principal products include casing, tubing, line pipe, and mechanical and structural pipes. Tenaris operates an integrated worldwide network of steel pipe manufacturing, research, finishing and service facilities with industrial operations in the Americas, Europe, Asia and Africa and a direct presence in most major oil and gas markets. Tenaris’s shares are listed on the Borsa Italiana (symbol: TEN.MI), the Bolsa de Comercio de Buenos Aires (symbol: TS.BA), and the Bolsa Mexicana de Valores (symbol: TS:MX) and its ADRs are listed on the New York Stock Exchange (symbol: TS).*

Edwin Reyes, Global Head of Depositary Receipts at Deutsche Bank, said, “We are delighted that Tenaris has chosen to transfer its ADR program to Deutsche Bank. We look forward to working with Tenaris in the management of its program and are committed to providing Tenaris with the highest level of service.”

*Source: Tenaris (March 2013)

About Deutsche Bank Trust & Securities Services

Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on www.adr.db.com or www.tss.db.com.

This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG New York.

American Depositary Receipts have been registered pursuant to the US Securities Act …read more
Source: FULL ARTICLE at DailyFinance

Today in History for 25th February 2013

Historical Events

1908 – 1st tunnel under Hudson River (railway tunnel) opens
1930 – Check photographing device patented
1977 – New Orleans’ Pete Maravich sets NBA record for a guard with 68 pts
1982 – Final episode of “The Lawrence Welk Show” airs
1991 – Bruce McNall, Wayne Gretzky and John Candy buy CFL’s Toronto Argonauts
2012 – Al Qaeda suicide bombing kills at least 26 people in Mukalla, Yemen

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Famous Birthdays

1895 – Henri Martelli, composer
1907 – Mary Coyle Chase, playwright (Harvey-Pulitzer Prize)
1918 – Barney Ewell, American athlete (d. 1996)
1920 – Gérard Bessette, Canadian author (d. 2005)
1961 – Todd Blackledge, American football player
1973 – Julio José Iglesias, Spanish singer

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Famous Deaths

1912 – Guillaume IV, Grand Duke of Luxembourg (b. 1852)
1925 – Pedro Miguel Marques y Garcia, composer, dies at 81
1942 – Leo Ascher, composer, dies at 61
1955 – Marij Kogoj, composer, dies at 59
1992 – Guy Deghy, actor (Matter of Who, 1 Eyed Soldiers), dies at 79
1993 – Jan D Boeke, Dutch organist/conductor, dies

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…read more
Source: FULL ARTICLE at HistoryOrb.Com – This Day in History