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Monday, July 10, 2006

WSJ Europe update

By Yaser Anwar, CSC of Equity Investment Ideas

Centro Watt Expected to Buy HeritageCentro Watt agreed to buy Heritage for $1.83 billion, doubling the Australian-American venture's U.S. strip-mall holdings.

North Korea Crisis Tests China's Global RoleThe U.S. pressed Beijing to push Pyongyang back to six-party disarmament talks. North Korea's barrage of missile tests has called into question China's policy of patient diplomacy and economic support.

Kraft to Acquire Part of United BiscuitsKraft is set to acquire a part of United Biscuits in a deal valued at $1.1 billion that will give the company control of brands like Ritz crackers in Europe.

FDA Remains Open to Adaptive TrialsAs drug companies test a new "adaptive trial" model for medicines, the FDA is planning regulatory guidelines for such studies.

Dell Skips Tech Talk for a Personal LinkDell is launching ads with an emotional side, as PC makers drop tech-heavy pitches for more-personal links with consumers.

'Pirates' Plunders Box OfficeDisney's bet on "Pirates of the Caribbean" paid off, as its first sequel scored the biggest North American opening weekend ever.

Russia-U.S. Power Shift May Mold SummitThe U.S. acceded to Moscow's desire to enter the nuclear-fuel storage business, as Bush seeks Putin's help on Iran and North Korea.

Italy Wins World CupItaly won the World Cup in a penalty shootout, beating France 5-3 after a 1-1 draw through 120 minutes.

Freescale to Sell Chips Using New TechnologyFreescale Semiconductor plans to begin selling chips that use breakthrough magnetic technology to store data.

Hearing Delayed in Ex-Qwest CEO CaseA hearing was delayed in the criminal insider trading case against former Qwest CEO Joseph Nacchio because of complex logistics involved in reviewing classified material introduced by the defense.

Wary Investors Await Profit ReportsWhile analysts predict robust quarterly profits, many U.S. investors are shifting to safer stocks.

source: WSJ Europe update

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