| Earnings Preview: Safeway Inc.
For the full 2008 year, the company expects earnings of $2.25 to $2.35 per share for the year, including the effect of an extra week in the 2008 fiscal year. Excluding the extra week, the company predicts earnings of $2.21 to $2.31 per share. STOCK PERFORMANCE: Shares rose 14 percent during the quarter but fell 13 percent in the past 52 weeks. .
Henjak tours despite investigation
Matt Henjak will still tour with his teammates despite being investigated over an altercation in a Fremantle pub where Western Force winger Haig Sare's jaw was broken. Henjak and Sare have both been told by Acting Western Force CEO Mitch Hardy that their futures at the club are on the line. A disciplinary procedure will be conducted while the squad is in South Africa on a three-match tour. The Force were literally dealt a blow on the eve of the Super 14 season with both players having already been named in the squad to travel to South Africa today. Winger Sare was absent from Monday's training after suffering the injury during the altercation with Henjak. Sare will be replaced on the tour by Josh Tatupu. Coach John Mitchell refused to comment last night.
2nd Annual Cayman Islands Conference: Hedge Fund Best Practices
Marran Ogilvie is a Partner, Chief Operating Officer and General Counsel of Ramius Capital Group, LLC. Ms. Ogilvie is also a member of the Senior Management Committee. Ms. Ogilvie joined Ramius in 1994, was appointed as its General Counsel in 1997 and as its Chief Operating Officer in 2007. She oversees the Firm's infrastructure areas which include legal, compliance, accounting, operations, technology and human resources. She is also involved in the strategic decision-making for Ramius products and its business. Ms. Ogilvie is NASD licensed as a Financial and Operations Principal, General Securities Principal, Municipal Securities Principal, Registered Options Principal, General Securities Representative, Commodity Futures Representative and Registered Equity Trader. In addition, she is a member of the American Bar Association and the New York State Bar Association.
KCA observes moderate trading session
KARACHI: The Karachi cotton market witnessed a moderate trading session on Wednesday while the spot rates remained firm, dealers said. Some deals changed hands between ginners, withholding fine stocks and spinners on future delivery on slightly higher prices, brokers said. A senior trader, Ghulam Rabbani said the spot rates at Karachi Cotton Association (KCA) stayed firm at Rs 3,150 per maund. Traders in the domestic market traded cotton in a range of Rs 3,050 per maund to Rs 3,350 per maund. There is a contract brought on the records for about 13,000 bales at Rs 3,300 per maund in upper Sindh. He said international spot market activity remains subdued but somewhat active according to some international merchants. The ICAC issued monthly supply and demand estimate for 2007-08. World production was estimated at 123.8 million bales down from 124.0 million bales in January.
Asian markets hit by report KKR unable to roll over commercial paper ...
The oil price spike comes a day after China reported its highest inflation reading in 11 years. It also comes as the Australian central bank appears set to further hike rates to combat inflation. Oil prices cooled somewhat in Asian trade, but held above 99 dollars a barrel. "There's a great deal of uncertainty out there," said Andrew Sekely, head of Australian equities at Intersuisse. "The opinion in the market at present is we haven't hit the bottom yet, and while that attitude is around you are likely to see prices going lower. The Nikkei closed down 3.3 percent at 13,310.37 and the broader Topix was down 3.2 percent at 1,302.72. Investors were further unsettled by a Nikkei report that the government will downgrade its view of the economy for the first time in 15 months in February, due to weak exports and a slowdown in production.
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