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To: TobagoJack who wrote (64021)6/18/2006 12:27:19 PM
From: shades  Respond to of 110194
 
Dubai Fincl Mkt To Launch Index

DUBAI (Zawya Dow Jones)--Dow Jones Indexes and the Dubai Financial Market (DFM) announced Saturday the launch of the Dow Jones DFM Index, which is expected to become commercially operational by the end of this year.

"The Dow Jones DFM Index is designed to serve as an underlying point of reference for investment products such as mutual funds, exchange-traded funds, and other financial products that will enable investors to participate in the performance of the Dubai stock market," the companies said in a release.

The new index will include leading Dubai stocks ranked by free-float market capitalization, sales, revenue and net income.

The companies said they expect the index to provide access to Dubai-quoted stocks for international investors, while also enhancing DFM-listed companies' exposure globally. Dow Jones DFM Index will eventually become part of Dow Jones broader Asian index.

"Through our partnership with Dow Jones we intend to launch a series of indexes that would appeal to retail as well as institutional investors," said Essa Kazim, Director General, Dubai Financial Market.

The Dow Jones DFM Index will be launched later in 2006, and will be reviewed quarterly. The full list of components, including weighting and values will be unveiled prior to implementation.

In addition to this and other newswires, Dow Jones publishes The Wall Street Journal and its international and online editions, Barron's, the Far Eastern Economic Review, MarketWatch, Dow Jones Indexes and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group PLC (RTRSY) of Factiva and with Hearst Corp. of SmartMoney. It also provides news content to CNBC television operations worldwide and to radio stations in the U.S.


(END) Dow Jones Newswires

June 17, 2006 07:09 ET (11:09 GMT)

Copyright (c) 2006 Dow Jones & Company, Inc.- - 07 09 AM EDT 06-17-06



To: TobagoJack who wrote (64021)6/23/2006 1:12:30 AM
From: shades  Respond to of 110194
 
And the Eagle Soars - will it be at the china price?



Senate Passes Defense Bill, Restores F-22 Multiyear Buying

By Rebecca Christie
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The U.S. Senate on Thursday approved a $518 billion defense authorization bill that will allow a three-year contract for F-22 stealth fighters.

The defense bill passed unanimously. It includes $50 billion in emergency war spending as well as funding for military pay and weapons purchases.

Sen. John McCain, R-Ariz., a senior member of the Senate Armed Services Committee, sought to expressly prohibit a multiyear contract for the Lockheed Martin Corp. (LMT) fighter. But an amendment sponsored by Sen. Saxby Chambliss, R-Ga., passed 70-28 to authorize long-term purchasing.

The measure "will save almost a quarter of a billion dollars by allowing the Defense Department and the contractor to conduct business better, faster and cheaper, and that is good government," said Chambliss, who represents the jet's manufacturing site. Opponents of the bulk purchase argued that the bulk buy would limit congressional oversight without bringing big savings.

The House of Representatives also passed a 2007 defense bill. The legislation will need to be reconciled in conference before it can be signed by the president and then become law.

By Rebecca Christie, Dow Jones Newswires; 202-862-9243; rebecca.christie@dowjones.com

(END) Dow Jones Newswires

June 22, 2006 17:38 ET (21:38 GMT)




To: TobagoJack who wrote (64021)6/23/2006 1:21:09 AM
From: shades  Read Replies (1) | Respond to of 110194
 
Star Wars - was that interceptor at the china price? How do we keep spending and spending General? Who keeps funding our war machine? What if they have it blow up in the sky and spread radiation all in the atmosphere? I remember on discovery channel the japanese used hot air balloons to send bombs over.



english.people.com.cn

U.S. military conducts sea-based missile defense test

The U.S. military conducted a successful sea-based missile defense test on Thursday, the Pentagon's Missile Defense Agency announced.

A U.S. Navy warship launched a Standard Missile-3 interceptor after it detected a medium-range missile was launched from the Pacific Missile Range Facility on Kauai, Hawaii.

The interceptor shot down the target warhead more than 100 miles (160 km) over the Pacific and 250 miles (about 400 km) northwest of Kauai, the agency said in a statement.

A Japanese destroyer took part in the exercise for the first time in a U.S. missile defense test, the military said.