вторник, 13 марта 2012 г.
PLUS BUSINESS
Leeson's Release Sought Nicholas Leeson's attorneys filed a 160-page brief with Germanauthorities in their attempt to prevent the extradition to Singaporeof the young trader accused of breaking Barings Bank. The legalpapers, filed with German authorities on the very last daypermissible, demanded Leeson's immediate and unconditional release,said prosecutor Hans-Hermann Eckert. Leeson, 28, is charged withforgery and fraud in Singapore, where he was based when his tradingon Asian futures markets were blamed for bringing down Britain'stradition-rich Barings Bank. Leeson has been in a Frankfurt jailsince he was arrested in Germany on March 2 on his way home toBritain. Home Resales Jump 5% in July Sales of previously owned homes shot up 5 percent in July to thehighest level in more than a year as low mortgage rates kept housingcosts within reach of many buyers. The National Association ofRealtors said that sales of existing single-family homes totaled aseasonally adjusted annual rate of 3.99 million, up from 3.80 millionin June and the highest since a 4.01 million rate in June, 1994. Itwas the third straight monthly advance. Sales rose in every regionexcept for the Midwest, where they fell 1 percent. The median pricein the Midwest was $96,500. First USA Acquiring 2 Firms First USA Inc. said it will acquire the nation's two largestindependent direct marketing credit card processors in separate stockand cash deals for undisclosed terms. Dallas-based First USA, one ofthe nation's largest providers of Visa and MasterCard services, saidit will offer its stock to acquire Litle & Co., of Salem, N.H., andpay cash for DMGT Corp., of Nashua, N.H. Litle and DMGT processed$10.2 billion in Visa; MasterCard transactions in the fiscal yearended June 30. Of that, about 58 percent was processed through FirstUSA in connection with its existing relationship with Litle. GM Seeks European Growth General Motors Corp. said it hopes to continue gaining market sharein Europe in the second half of 1995 after posting strong growth inthe first six months. "We've had a very strong first half in termsof market share," GM International President Louis Hughes said. TheU.S. automaker's European unit last month said its western Europeanmarket share rose to 12.8 percent in the first six months of thisyear, up from 12.5 percent in the same 1994 period. Hughes saidgrowth in the overall European auto market was mixed so far thisyear. Tokyo Stocks Drop Stocks slipped in Tokyo, with the Nikkei average falling 151.31points to 17,770.68. Outlook Raises Corn Prices Corn futures prices rose modestly today on the Chicago Board ofTrade amid talk of crop disease and lower production prospects. Oatfutures also rose while wheat and soybeans ended mixed. Reports ofspreading gray leaf spot fungus in southern Iowa underpinned cornprices, although analysts said the damage probably will be limited.Another type of fungus, aflatoxin, has been reported in southern cornstates, which include Georgia, Kentucky and North Carolina. "Theymay not be the biggest corn producers compared to the Midwesternstates, but you need those states to come through with good yields toget the high national yields the Agriculture Department is lookingfor," said grain analyst Jack Scoville of the Linn Group in Chicago.He said crop conditions are worse than previously thought in some ofthe historically top-producing areas of Iowa and Minnesota. "Ifthey're not going to come through with the crop yields, then there'sa chance the USDA crop production estimates were seriouslyoverstated," Scoville said. Earlier this month, the USDA predicted acorn crop of 8.12 billion bushels. The agency will revise its cropforecasts Sept. 12. Wheat for September delivery slipped 1/4 centto $4.40 3/4 a bushel; September corn rose 2 1/2 cents to $2.88 3/4 abushel; September oats climbed 4 1/2 cents to $1.69 a bushel;September soybeans slipped 1/4 cent to $5.96 3/4 a bushel.
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