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Iceland’s Novator Telecom, Netia to launch 4th mobile telecoms network in Poland

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WARSAW (AFX) – Icelandic investment fund Novator Telecom and fixed line operator Netia said they are launching a fourth mobile telephone network in Poland, with the long-term aim of gaining a 20 pct share of a market worth an estimated 7.45 bln eur.

The operator will offer subscriptions and tariffs some 35 pct lower than those offered by existing providers, under the Play brand, the network’s managing director Christopher Bannister said.

Novator holds a 25.24 pct stake in Netia, the second largest fixed-line operator in Poland behind France Telecom-controlled TPSA. The company is co-owned by Third Avenue Management, which controls 18.41 pct, and SISU Capital, which holds 6.1 pct.

Over half of the company’s share capital is floated on the Warsaw stock exchange.

Three operators dominate the Polish mobile telecoms market — Orange, which held a market share of 37.7 in 2006, Deutsche Telekom-controlled Era, with 35.5 pct, and More, a venture of Vodafone, TDC, KGHM and ORLEN, with 30.6 pct.

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Vestas 2006 market share down 7 pct pts, but still market leader – research note

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COPENHAGEN (AFX) – Vestas Wind Systems market share for wind turbine generators (WTG) slipped 7 percentage points in 2006, still leaving it with a leading stake of 25 pct, Denmark’s MAKE Consulting said in a research note.

‘Vestas lost around 7 percentage points of its market share in 2006, whereof Siemens took a large part,’ Morten Keller at MAKE Consulting said, adding that there are many ways of calculating market shares and that estimates may differ between analysts.

In 2006, Vestas’ competitors GE, Enercon and Gamesa Eolica had around 15 pct each of the market, while Siemens Wind Power and Suzlon held market shares just below 10 pct each, MAKE Consulting said.

gustav.sandstrom@thomson.com

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Chiquita to pay $25M fine in terror case

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WASHINGTON (AP) – Banana company Chiquita Brands International said Wednesday it has agreed to a $25 million fine after admitting it paid terrorists for protection in a volatile farming region of Colombia.

The settlement resolves a lengthy Justice Department investigation into the company’s financial dealings with right-wing paramilitaries and leftist rebels the U.S. government deems terrorist groups.

In court documents filed Wednesday, federal prosecutors said the Cincinnati-based company and several unnamed high-ranking corporate officers paid about $1.7 million between 1997 and 2004 to the United Self-Defense Forces of Colombia, known as AUC for its Spanish initials.

The AUC has been responsible for some of the worst massacres in Colombia’s civil conflict and for a sizable percentage of the country’s cocaine exports. The U.S. government designated the right-wing militia a terrorist organization in September 2001.

Prosecutors said the company made the payments in exchange for protection for its workers. In addition to paying the AUC, prosecutors said, Chiquita made payments to the National Liberation Army, or ELN, and the leftist Revolutionary Armed Forces of Colombia, or FARC, as control of the company’s banana-growing area shifted.

Leftist rebels and far-right paramilitaries have fought viciously over Colombia’s banana-growing region, though the victims are most often noncombatants. Most companies in the area have extensive security operations to protect employees.

In Colombia, authorities reported Wednesday that nine geologists searching for gold were captured by the FARC. In addition, the army confirmed that four contractors hired by Colombian oil giant Ecopetrol were missing near Colombia’s border with Venezuela.

Colombia has one of the highest kidnappings rates in the world. Arrangements between companies and either guerrillas or paramilitaries are not uncommon, but it is impossible to know how much money is paid each year.

‘The information filed today is part of a plea agreement, which we view as a reasoned solution to the dilemma the company faced several years ago,’ Chiquita’s chief executive, Fernando Aguirre, said in a statement. ‘The payments made by the company were always motivated by our good faith concern for the safety of our employees.’
Chiquita sold its Colombian banana operations in June 2004.

Details of the settlement were not included in court documents, but Aguirre said Chiquita would pay $25 million in fines, which it set aside this year. The company reported the deal to the Securities and Exchange Commission. A plea hearing was scheduled for Monday.

The payments were approved by senior executives at Chiquita, prosecutors wrote in court documents. Prosecutors said Chiquita began paying the right-wing AUC after a meeting in 1997 and disguised the payments in company books.

‘No later than in or about September 2000, defendant Chiquita’s senior executives knew that the corporation was paying AUC and that the AUC was a violent paramilitary organization,’ prosecutors wrote in Wednesday’s court filing.

Company attorneys made it clear the payments were improper, prosecutors said.

‘Bottom line: CANNOT MAKE THE PAYMENT,’ the company’s outside counsel advised in February 2003, according to an excerpt of a memo included in court documents.

In April 2003, company officials and lawyers approached the Justice Department and told prosecutors they had been making the payments. According to court documents, the payments continued for months.

The document filed by federal prosecutors is known as an information. Unlike an indictment, it is normally worked out through discussions with prosecutors and is followed by a guilty plea.

Associated Press writer Toby Muse in Bogota, Colombia, contributed to this report.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

UK student loans sell-off ‘could push borrowing higher’

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LONDON (AFX) – Another sell-off of the UK’s student loans system would make it more likely Chancellor of the Exchequer Gordon Brown will meet his rule relating to government debt, but paradoxically, any sale could push borrowing higher, analysts said.
A report in this morning’s Financial Times revealed that Brown is planning to announce the sale of part of the government’s student loan book, estimated at around 16 bln stg, in next Wednesday’s budget.
This would not be the first time that Brown has sold part of the student loans book. He sold some 4 bln stg worth of debt between 1997-1999.
Analysts reckon that Brown may look to sell off another 10 bln stg chunk of the debt, which is likely to be used to reduce net debt in the same way as the 20 bln stg revenues generated in 2000 from the 3G spectrum sale.
‘This will help Brown to meet his sustainable investment rule, which stipulates that net debt must average less than 40 pct of GDP over the cycle,’ said Jonathan Loynes, chief UK economist at Capital Economics.
‘On Brown’s existing forecasts, the level of debt gets pretty close to the 40 pct ceiling over the next few years and the addition of some of the government’s off-balance sheet liabilities could break the ceiling,’ he added.
Though any revenues would reduce debt, they would have no comparable impact on borrowing, Loynes said, as government loans to students are not included in the main public sector net borrowing (PSNB) measure of borrowing.
In fact, the sale could actually push borrowing up, he explained, especially if Brown uses part of the proceeds to fund extra spending on education, which would raise PSNB and current borrowing.
‘And second, the sale of the loans will reduce the future stream of interest payments from students to the government,’ he added.
One area in which the sale would have a more significant impact is on government financing, as the proceeds from the sale would reduce the cash measure of central government borrowing and the required level of gilt sales.
However, Loynes said any impact would be negligible as the Debt Management Office is planning some 60 bln stg worth of gilt sales next year.
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pp/vlb
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Akamai closes Netli acquisition

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CAMBRIDGE, Mass. (AP) – Akamai Technologies Inc., whose services are used to stream video and multimedia content over the Internet, said Wednesday it completed its acquisition of Netli Inc., a privately-held network infrastructure service provider.

The company agreed to buy Mountain View, Calif.-based Netli in February for 3.2 million of its shares. The deal was worth about $177.8 million. based on Akamai’s stock price at the time it was announced, but the company’s stock price has dropped more than 7 percent since.

Akamai’s shares rose 35 cents to close $51.85 on the Nasdaq Stock Market.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

E.ON, Lunar Energy to develop UK tidal power project with 8 MW total capacity

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FRANKFURT (AFX) – E.ON AG and Lunar Energy issued a joint statement saying they plan to build tidal power generators off the west coast of England with a total generating capacity of 8 MW.

The proposed scheme will use tidal streams, which are fast-moving currents created by rising and falling tides, to turn an array of large turbines situated on the sea floor.

The two companies said they will invest an unspecified ‘multi-million pound’ amount in the project, which will produce sufficient electricity for up to 5,000 homes.

It is scheduled to go online by 2010.

‘A tidal stream scheme on this scale, which will be one of the largest of its kind in the world, will allow us to both better understand how to harness the power of the tides and, just as importantly, to develop a new way of generating clean, reliable and plentiful power,’ Paul Golby, head of E.ON UK, said in a statement.

alfred.kueppers@afxnews.com

amk/rfw

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The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

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Viacom sues YouTube over copyrights

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NEW YORK (AP) – MTV owner Viacom Inc. said Tuesday it has sued YouTube and its corporate parent Google Inc. for alleged copyright infringement and is seeking more than $1 billion in damages.
The complaint contends that roughly 160,000 unauthorized clips of Viacom programming have been available on the popular video-sharing Web site. In addition to MTV, Viacom also owns a number of other cable networks including VH1, Comedy Central and Nickelodeon.
In February Viacom demanded that YouTube remove more than 100,000 unauthorized video clips from its site after several months of talks between the companies broke down.
Viacom filed the lawsuit in the U.S. District Court for the Southern District of New York and is also seeking an injunction prohibiting Google and YouTube from using its clips.
A YouTube representative could not immediately be reached.
Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Technology creates extreme genealogists

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NEW YORK (AP) – Lee Drew had a chat with some cousins the other day.
He was sitting in his home office in Orem, Utah. Four of the cousins were in England. One was in Australia, another in South Africa. A few more joined in from other parts of North America.

Drew is one of a new breed of genealogists who are doing things that would have been impossible in the not-so-distant era of dusty archives and whirring microfilm readers. He has found so many of his relatives that he needs a computer database to keep track of them all — all 1.7 million of them.

Just as modern equipment has made it possible for any reasonably motivated person to climb Mount Everest or dive to the Andrea Doria, new technologies have made it possible to achieve incredible genealogical feats with relatively modest effort.

Now, it takes nothing more than casual curiosity and a few hours of research to discover that civil rights activist Al Sharpton is descended from slaves who were owned by ancestors of the late South Carolina Sen. Strom Thurmond, a staunch opponent of desegregation.

That feat was accomplished by the commercial genealogy Web site ancestry.com, which boasts of having the largest online family history database in the world, with more than 4 billion records. Among the company’s 725,000 subscribers there are people who have discovered they descend from royalty, or Mayflower passengers, or that Butch Cassidy is their seventh cousin.

‘It’s a great time to be alive,’ Drew said.

It isn’t just the databases. Drew also uses the Internet to communicate with relatives around the globe, sharing information and research tips. And services like Google Books give him free access to formidable university library collections.

At 57 he remembers the old days, when doing genealogy meant driving up to the Mormon church’s Family History Library in Salt Lake City or spending his vacations strolling through English churchyards looking at headstones. Now it can mean nothing more than strolling into his home office and booting up his computer.

Internet genealogy can be extremely productive, agreed Dick Eastman, who writes an online genealogy newsletter. But it depends greatly on where your ancestors came from.

The Internet is great for the United States, especially New England. And it’s pretty good for Britain and Ireland.
But if your ancestors came from Southern Europe, Africa, Asia or even Canada in some cases, the Internet can be pretty useless.

‘If I want to go look up my French-Canadian ancestors there’s almost nothing to help me more than two or three generations back,’ Eastman said. ‘It’s not going to be as rosy an experience as some of the online services would like you to think.’

Herbert Huebscher, a retired electrical engineer from Franklin Square, N.Y., found himself in that kind of situation when he went looking for his ancestors. The most distant ones he could identify were Ukrainian Jews who were living in small village near the Romanian border around 1830.

‘In general, Jewish paper trail genealogy tends to hit a brick wall around 1800, give or take 50 years,’ Huebscher said.

To push farther into the past, he turned to DNA.

DNA testing has made it possible for people to make connections when the paper trail fades into tatters. The technology was used several years ago to show that Thomas Jefferson — or one of his male relatives — fathered a child by his slave Sally Hemings. It has also shown that a significant proportion of men in modern Ireland can trace a direct male descent from Niall of the Nine Hostages, a legendary 5th-century king.

Customers of Relative Genetics, a company based in Salt Lake City, have traced their roots to Scotland, Africa and other distant countries with DNA testing.

Huebscher had his own genetic profile tested by a Houston-based company called Family Tree DNA. He found that he matched one other individual in the company’s database, a South African-born Londoner named Saul Isseroff.

It turned out the two had some very distinctive anomalies in their DNA profiles, which allowed them to identify other matches as new Family Tree DNA customers joined the company’s database. They have now found more than 40 closely matched families. Nearly all of the families were Jewish, and nearly all of them trace their heritage back to Eastern Europe — though oddly enough, one family traces its roots to Puerto Rico.

A statistical analysis of the genetic data showed that whether they were named Huebscher or Isseroff, Wolinsky or Rosa, all of the families must have shared a single common ancestor who probably lived four or five centuries ago, long before most Jews even had surnames, much less written vital records.

Though his research is not yet conclusive, Huebscher believes the common genetic ancestor may have been descended from Sephardic Jews who lived in Spain before the Inquisition.
Just a little patience may be enough to solve the mystery, said Peggy Hayes of Relative Genetics.

‘The databases are growing very rapidly,’ she said. ‘As the genetic genealogy databases grow, the success rate is going to grow as well.’

For some lucky people, the techniques of extreme genealogy make it possible to trace their origins back not just centuries, but a millennium or more. All they have to do is link themselves to a royal line, Drew explained, and ride it back as far as it goes.

‘We are all related to royalty,’ Drew said.

The trick is to prove it. But thanks to the power of extreme genealogy, it can be a lot easier than you might think.

Every French monarch since the 10th century was a descendant of Charlemagne. So was William the Conqueror, which means every British monarch since 1066 also descends from the King of the Franks.

And that means at least 18 U.S. presidents, 14 first ladies, Walt Disney, Colin Powell, Brooke Shields — a good number of the people whose family history has ever been seriously researched by genealogists — can trace their ancestry to Charlemagne.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Randstad, Mittal to join AEX index from tomorrow, Getronics relegated to midcap

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AMSTERDAM (AFX) – Randstad Holding NV and Mittal Steel Co NV/Arcelor Mittal will join the benchmark AEX index from tomorrow, Euronext said.

Getronics NV will drop from the AEX to the midcap AMX index, with BinckBank NV, SNS Reaal Groep NV and Tele Atlas NV also joining the AMX.

Hunter Douglas NV, Pharming Group NV and VastNed Retail NV will be relegated from the midcap index to the smallcap ASCx index.

Beter Bed Holding NV, Endemol NV, Macintosh Retail Group NV and Wavin NV will also be included in the ASCx index.

The annual reshuffle will also lead to a change in weightings for the blue chip indices, Euronext said.

amsterdam@afxnews.com

ls/an

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The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

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China to impose fuel tax before 2010 – official

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BEIJING (XFN-ASIA) – The Chinese government will impose a long-speculated fuel tax before 2010, said Yang Fuqiang, chief representative of the Beijing office of the China Sustainable Energy Program.

The implementation of the tax will come quickly after it is announced, Yang added, speaking on the sidelines of an event in Beijing.

China’s central government has said previously that it plans to move ahead with the measure this year, but industry sources have expressed doubt that the country will implement the tax.

Analysts have said that the tax is a crucial element in efforts to curb China’s environmental pollution and increase economic efficiency.

Yang said that he believes China will be able to reach its goal under the 11th Five-Year plan to reduce energy intensity by 20 pct by 2010, despite falling short of the four pct taget last year.

‘China will meet these standards,’ Yang, adding that 2007 and 2008 are key years.

But he added he believes the failure next year to meet the targeted reduction in energy consumed per unit of GDP will indicate the failure of the attempt to meet the five-year plan goal.

sean.mangieri@xinhuafinance.com

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