| Herald Resources board accepts $444m takeover bid
THE board of takeover target Herald Resources have unanimously recommended shareholders accept the all-cash takeover offer from Indonesia's PT Bumi's subsidiary Calipso. The offer is $2.25 cash per Herald share, valuing the target at $444.8 million, and is subject to PT Bumi shareholder approval at a meeting on January 29. Herald, a gold and base metals miner, has a current market capitalisation of $432.9 million.However, the offer is far from a done deal. Herald says it is in discussions with several interested parties involving management presentations and visits to Herald's Dairi zinc-lead project in Sumatra. As such, Herald has urged shareholders who intend to accept the Calipso offer to hold off until near the end of the offer period. "We hope to be in a position to report back to shareholders on these discussions before the expiry of the Calipso offer,'' Herald said in a statement.
Surprising reasons you're not having sex
After all, it's harder to initiate sex if your spouse is hiding behind a newspaper or glued to the TV or if your hands are busy exploring the Web rather than his body. Health.com: 10 dreamy bedrooms Sex Rx: At a minimum, make the bedroom a no-technology zone, Clayton suggests. Then take a hard look at your life (from romance and work to entertainment and family), and give sex the priority it deserves. If you have to schedule sex as you would a meeting, do it! Your meds are stealing your sex drive. Oh, the irony. You start taking oral contraceptives (OCs) so you can have worry-free sex. Then the magic little pills start sapping your sex drive. Why? OCs contain estrogen, which increases the production of a protein called sex-hormone binding globulin (SHBG), says Michael Krychman, M.D., medical director of sexual medicine at Hoag Hospital in Newport Beach, California, and executive director of the Southern California Center for Sexual Health and Survivorship Medicine.
An infernal tax scheme comes back
Add a $20 tax to cars, trucks and motorcycles. Tax speeders. Add a $1-per-pack tax to cigarettes. Add a one-cent tax to the statewide sales tax and perhaps another one-cent regionally. Expand the sales tax to groceries and to 174 categories of services, using the proceeds to reduce property taxes on homesteads and cars, trucks and motorcycles. Georgians who prefer Democrats and who feared that putting Republicans in control under the Gold Dome represented a lurch to the right needn't have worried. This is where the old gang left off. House Speaker Glenn Richardson appeared last week before the House Ways and Means Committee to propose something that Democrats never dared bring forth when Zell Miller and his band started studying tax revision 16 years ago.
McCain and Obama trade jabs on Iraq
At the time, she had a salary of $37,000 and assets of only $35,000, the Times learned. Her husband told a court that at the time he had "no income, negative cash flow, no liquid assets," the Times said. Auchi participated in more than just Rezko's pizza and property ventures, however; he also contributed to Barack Obama's campaign by donating to a 2005 fundraiser through a company of which is wife is a Director. I quote the relevant paragraph from a London Times exclusive: Times has, however, discovered state documents in Illinois recording that the Panamanian company Fintrade Services SA lent money to Mr Obama's fundraiser. Fintrade's directors include Ibtisam Auchi, the name of Mr Auchi's wife. Mr Auchi's spokesman declined to respond to a question about whether he was linked to this business.
The globalization of fabric
Designs are repeatedly reworked and recolored to fit a specific designer's signature style. To fully understand extravagance in a print design, just know that as many as 54 colors can be layered precisely onto a piece of silk, requiring the perfect registering, or matching, of 54 screens. If any exquisite silk prints or weaves exist in your wardrobe, they are more than sure to have been made by one of the legendary Italian companies like Mantero, Lorma, Canepa or Ratti. In England Heritage is at the heart of all textile manufacturing and, just as Italy is the natural home of silk, England is the historical homeland of fine worsted manufacturers. Think tweed and the double Cs of Chanel certainly come to mind. The chilly borderlands between the north of England and Scotland have for centuries created the world's best weaves and when Coco Chanel met William Linton, the founder of Linton Tweeds, in the 1920s, a collaboration was established that remains steadfast to this day.
Lawmakers In House, Senate Introduce Bush Administration's Medicare ...
Lawmakers in both chambers of Congress introduced President Bush's Medicare savings bill on Monday, CongressDaily reports. The bill was required after Medicare trustees issued a funding warning that "triggers" legislation to curb spending for the program, which is mandated by the 2003 Medicare law (Johnson, CongressDaily, 2/26).
The legislation was introduced in the House by Majority Leader Steny Hoyer (D-Md.) and Minority Leader John Boehner (R-Ohio). In the Senate, the bill was introduced by Finance Committee Chair Max Baucus (D-Mont.) and Sen. Judd Gregg (R-N.H.) (Armstrong, CQ Today, 2/25). Hoyer and Baucus said that they were introducing the bill because they are required to by the Medicare law and not because they endorse its contents.
However, Republicans touted the measure.
More Wecht staffers say errands impaired work
Two more employees of former Allegheny County Coroner Cyril H. Wecht testified yesterday that personal errands they were ordered to perform for Dr. Wecht and his family interfered with their job duties. But as the government continued to make its case that Dr. Wecht's employees often were treated as personal valets rather than civil servants, a question lingered: How involved was Dr. Wecht himself in those assignments? Yesterday, former deputy coroner Jessica Pikutis said Dr. Wecht once became miffed at her when she used his credit card to buy him 12 cans of the wrong brand of tennis balls. But even then, she said, the order to buy the balls at a Downtown sporting goods store came from former Chief Deputy Coroner Joseph Dominick. Other witnesses have testified that assignments were typically doled out by either Mr.
Pallinghurst may counter Palmary bid
EX-BHP Billiton boss Brian Gilbertson's Pallinghurst says it may yet raise its takeover bid for Perth-based manganese maker Consolidated Minerals to counter an increased offer from rival bidder Palmary. Palmary, the bidding company for Ukrainian billionaire Gennadiy Bogolyubov, today raised its cash offer for ConsMin by 20c a share to $4.70 a share, putting pressure on Pallinghurst to raise its own $4.50 a share bid. Investors immediately punted on the chances of Pallinghurt raising is offer, bidding ConsMin (ASX: CSM: quote) shares up 20c, or 4 per cent, to $4.85, and valuing the miner at $1.1 billion. "We have seen Palmary's announcement and we reserve our right to increase our offer. At this point in time we have nothing further to add," Pallinghurst director Arne Frandsen told The Australian through a spokeswoman.
City students hit the stage
The scholarship foundation, the Berkshire County chapter of the national Dollars for Scholars program, is dedicated to providing scholarships to students in need from the city's three high schools: Pittsfield, Taconic and St. Joseph's. In its 48 years of existence, it has provided an estimated $800,000 in annual awards to more than 3,000 students. Fundraisers such as tri-school dances and special basketball games have helped to raise an average of $30,000 each year. Last year, parent Beverly VanAlstyne Krol approached the foundation about the idea of raising funds through an original musical revue. "Have We Got News for You," written and directed by Krol who works as a Dalton Realtor quickly became the foundation's major fundraiser. This year's show will feature cameos from well-known local residents, the Taconic High School cheerleaders and classic and current musical sensations, including a song from "High School Musical II." "This year's show is going to be great," Krol said.
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