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To: Heretic who wrote (5122)1/3/1998 12:54:00 PM
From: goldsnow  Read Replies (1) | Respond to of 116753
 
"Although Dutch central banker Wim Duisenberg has been the accepted
front-runner, France has cheekily nominated its central bank governor,
Jean-Claude Trichet."

afr.com.au

I want to see that France taking orders from a banker..against public opinion and than face election or likely strikes well before
election..

"The euro, however, has every potential to mould Europe far differently from Mr Kohl's social model, introducing competitive forces ..."



To: Heretic who wrote (5122)12/12/2002 12:49:16 PM
From: long-gone  Respond to of 116753
 
Annuity & Life to Restate, Stock Slides
Wed Nov 20, 2:27 PM ET Add Business - Reuters to My Yahoo!


NEW YORK (Reuters) - Annuity & Life Re Holdings (NYSE:ANR - news) stock tumbled 44 percent on Wednesday after the Bermuda-based reinsurer said it would restate results for two prior years and post a loss in its quarter ended in September.

Annuity & Life shares fell $1.84. or 45 percent, to $2.24 a share on the New York Stock Exchange (news - web sites) by mid-afternoon.

As part of ongoing discussions with the U.S. Securities and Exchange Commission (news - web sites), which is reviewing the company's past filings, Annuity & Life said it would restate its 2000 and 2001 result, as well as its financial statements for the quarters ended March 31 and June 30, 2002.

Annuity & Life also said it expects to post a net loss of not more than $20 million for the quarter ended Sept. 30, including charges for changes in the fair value of embedded derivatives contained in some of the company's annuity reinsurance agreements and a reserve for guarantees associated with variable annuity contracts.

The 2001 earnings restatement reflects separate accounting for embedded derivatives in some of its annuity reinsurance contracts. The 2000 restatement would recognize about $2.8 million in minimum interest guarantee payments made in that year that Annuity & Life was not aware of until 2002, it said. This restatement was not expected to reduce the company's net income of $39 million that year by more than 3 percent.

story.news.yahoo.com