Bear Stearns names Peretie as Europe CEO
Bear Stearns Cos. Inc. (BSC) Monday named Michel Peretie to the new role of chief executive of the banks activities in Europe, adding to his post as chairman of its London-based unit, Bear Stearns International Ltd.
The move comes as Bear Stearns boosts its presence in Europe in areas such as mortgage lending and packaging, equity sales-trading and prime brokerage.
Since 2003, the banking group has added about 300 people to its London office and last month said it would move to a new European headquarters being built in Londons Canary Wharf for completion in 2009.
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Europe names Galileo trailblazer
The in-orbit testing phase of Galileo, Europe's satellite-navigation system, will begin in December.
The first demonstrator spacecraft will fly from Baikonur, Kazakhstan, on a Soyuz rocket on the 28th of the month.
The satellite, known as Giove-A, has the critical task of claiming the frequencies allocated to Galileo under international agreements.
To do this, the UK-built spacecraft must generate and transmit a timing and navigation signal by June 2006.
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LONDON, Aug 19 (Reuters) - European shares gained for the first time in seven days on Friday on mining sector strength, while the dollar hovered near two-week highs against the euro, supported by expectations U.S. interest rates will rise further.
Oil was up at $64 a barrel on worries over tight U.S. gasoline supplies and a halt in Ecuador's oil exports.
The dollar rose after an upbeat U.S. factory survey on Thursday confirmed the world's largest economy is still seeing strong growth despite high oil prices, while inflation worries were seen pushing up borrowing costs.
"We still think the dollar is set to
Big Bear Lake is just one of the resort towns from Maine to California that are trying to entice tourists with a free tank of gas.
A Big Bear Lake spring promotion -- a $25 gas voucher was extended for the entire summer because it was so successful.
"It's a good incentive, especially considering gas prices in Southern California," said Dan Dunning, who lives in Irvine, 90 miles away. He used the voucher to help fill the tank of his SUV while visiting Big Bear Lake with his parents.
Such gas giveaways have become an increasingly popular marketing tool as gas prices
European stocks rose modestly Monday, building on gains made at the end of last week, as higher prices for commodity producers' stocks and automakers as well as a positive start to U.S. trading provided a buffer against downward pharmaceutical pressure.
The German DAX 30 rose 0.24% to 4,941 points, the French CAC 40 (FR:1804546: news, chart, profile) weakened 0.04% to 4,485 points and the British FTSE 100 index (UK:UKX: news, chart, profile) gained 0.11% to 5,318.
The Dow Jones Stoxx 600 strengthened 0.07% at 288.68.
European investors, looking for direction from across the Atlantic, responded to a rise in U.S. markets
America looks for a bear season ahead in three states
In a move that could lead to hunting of America's grizzly bears after thirty years of being “protected”, the government is broaching the removal of protection in three states given their surging numbers.
After the dwindling of their populations in the early 70s particularly around the Yellowstone National Park, the government included them in the Endangered Species list in 1975. But over three decades, under the government's benevolent eye their populations have soared averaging 4 to 7 percent growth yearly.
This recovery has itself posed a problem for administrators who try to accommodate
