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USA : Nordstrom to open at The Domain in Austin

Seattle-based Nordstrom Inc announced it has signed a letter of intent with Endeavor Real Estate Group to open a Nordstrom store at The Domain, a mixed use community being developed in Austin, Texas.

The new two-level, 149,000 square foot Nordstrom store is scheduled to be completed by or before fall 2011. Phase I of The Domain, which opened on March 9, 2007, features 700,000 square feet of luxury, couture, contemporary fashion and restaurant space, 85,000 square feet of office space, and 393 multifamily units.

The Nordstrom at The Domain will be the retailer's eighth store in Texas and second store in Austin. The Nordstrom at Barton Creek Square opened in August 2003. Nordstrom also operates two Nordstrom Racks in Texas.

"We're excited to open another store in Austin, having served customers at Barton Creek Square since 2003.

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Gilead Board of Directors Approves Two-for-One Stock Split

Gilead Sciences, Inc. (Nasdaq:GILD) announced today that its Board of Directors has approved a two-for-one stock split of the company's outstanding common stock to be effected through a stock dividend. Stockholders of record as of the close of business on May 24, 2007 will receive a stock dividend of one additional share of common stock for every share of common stock they own. Based on the total number of shares of common stock outstanding as of March 31, 2007, the stock split will increase the total number of shares of common stock outstanding from approximately 465,544,000 to 931,088,000, out of the 1,400,000,000 shares of common stock currently authorized.

Because Gilead will establish a Direct Registration System for its stockholders prior to the dividend distribution date, the company's transfer agent, Mellon Investor Services L.L.C., has been instructed to mail a Direct Registration Transaction Advice for the additional shares to stockholders that have physical possession of their stock certificates on June 22, 2007.

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Ossama El-Deeb

Ossama El-Deeb is 54 years old. His failing body and lined skin are the result not of a very long life, but of voluntarily living on the streets of Downtown Cairo for seven long years. He sits in his home, a roofless but orderly heap of discarded material, on Ismail Abaza street. At the corners, like fence posts, are oil drums on which he has attached large posters, flags and signs, all written beautifully in his own hand.

The streets are muddy from last night's rain and El-Deeb's cardboard signs and bedding are all damp. "I bear all the cold weather and the heavy rain," he says, resigned to it. "Yesterday, I took it all on my head, and see — all my things are wet."

El-Deeb is camped out here because he believes that if he can attract the attention of the powers-that-be to his condition, they might cover him the cost of his medical treatment.

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Bureau pushes white squirrels in statewide promotional campaign

The white squirrels lost their bid to become one of the state's Seven Wonders, but Olney has been chosen as one of 12 towns to be showcased in a statewide promotional campaign by the Illinois Bureau of Tourism.According to the letter received by City Hall in December, IBOT's Spring/Summer 2007 Illustrated Poster Campaign features “vintage-inspired" designs that serve to “highlight kitschy and off-the-beaten-path attractions throughout the state," said City Clerk Belinda Henton.The letter also stated these attractions have “benefited from increased traffic due to advertising."

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Korea's Introduction to the Automobile

It is unclear when the first automobile was introduced into Korea. Some speculate Burton Holmes was the first to travel in Korea during the early 1900s with an automobile, but whether he was or wasn't the first to do so, I cannot verify. It is known, however, that in 1910, C. A. Crispin, a real-estate speculator turned miner from California, wrote home and reported that there were only two cars in Korea: one was a small car owned by Mr. Lefre, a French businessman in Seoul, and the other, a $5,000 French car owned by one of the gold mine owners. Crispin noted that the roads in Korea were undeveloped and having an automobile was "next to useless." His opinions were evidently not shared by all.

In mid-1910, a Korean who lived in Seoul and allegedly knew nothing of cars imported two French Paige Cars and began Korea's love of the automobile.

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Walk 'n' roll

Becca Clark held her mothers hand while walking through a local shopping mall on a recent Sunday. Then she let go and coasted down the tiled hallway, her pink-and-white sneakers gliding across the floor. As easily as she launched, Becca then stopped, stepping back into a regular walking pattern. Was it magic? Not really. She was wearing Heelys, the hottest craze in tween footwear. "A lot of people wear them," said Becca, 11, from Lewis Center. "You can go faster, and sometimes you can race with them." How do they work? The chunky, soft-soled sneakers are similar to skateboarding shoes yet boast a thick rubber wheel in each heel that can be used and removed as the wearer chooses. After gaining momentum from a walking start, the wearer slightly shifts his or her body weight to the heels, allowing the wheels to glide along for several feet.

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Flexpoint Partners Announces Acquisition of Norwich Group, Inc ...

CHICAGO, March 7 /PRNewswire/ -- Flexpoint Partners, LLC announced today that it has acquired a majority interest in Rosemont, PA-based Norwich Group, Inc. and its affiliated companies via a newly formed holding company. Norwich is a specialist in the development, implementation and administration of commercial insurance products targeted to narrowly-defined industry segments. In connection with the acquisition, Flexpoint will provide capital to Norwich to support the company's plan to increase its underwriting participation in the insurance programs it manages. The company's co-founders, Kirby Hill and William McPherson, will continue to serve as Chief Executive Officer and President, respectively, and will maintain minority equity ownership in the company.

Norwich was established in 1996, initially to provide comprehensive consulting services to program managers in the specialty insurance market, an approximately $10 billion industry.

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Bail set at $250000 in car shooting

A 22-year-old Oak Harbor resident accused of shooting up cars with an SKS rifle could face up to six years in prison if convicted of the charges against him, according to court documents.

Jacob Whitaker pleaded not guilty in Island County Superior Court March 26 to two counts of malicious mischief and three counts of unlawful possession of a firearm.

Whitaker is being held in the county jail in lieu of $250,000 bail.

A resident of Valley Road outside of Oak Harbor called 911 March 12 to report that Whitaker had shot up two cars parked in front of the home, according to court documents. Deputies responded and found one car riddled with 11 bullet holes and another car that had a bullet pass through the engine compartment.

The victim said another man, later identified as Troy Housden, was with Whitaker at the time of the shooting, documents state.

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SES Global completes split-off transaction with General Electric

PARIS (AFX) - SES Global SA said it has completed the split-off transaction with General Electric Co under which the US giant has swapped its 19.5 pct stake in the satellite operator for 100 pct ownership of a split-off company, SES International Holdings Inc.

The reference price for each SES share, as previously announced, was 12 eur, valuing the transaction at 1.238 bln eur, plus another 45 mln in cash related to the completion date.

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Business Highlights

NEW YORK (AP) - Wall Street extended its recovery from last week''s big plunge, rising Thursday after several stable sessions helped buttress investor sentiment and allay some concerns about the economy.
The Dow Jones industrials were up more than 100 points in afternoon trading before pulling back amid rumors a subprime lender would declare bankruptcy. According to preliminary calculations, the Dow closed up 68.25, or 0.56 percent, at 12,260.70.
Thursday''s advance helped investors speed past lackluster retail sales figures and focus on more promising comments about March sales. Investors also grew more confident following gains in markets in Europe and Asia. The dollar was mixed against major currencies and fought its way higher against the yen, easing some concern about whether global liquidity would tighten.

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Kyle Trinklein Will Run For The 2007 Truck Series Championship In ...

2006 Short Track Trucks.com Challenge Series Rookie of the Year, Kyle Trinklein will run for the 2007 Truck Series Championship in his Sophomore Season. In addition, The Munger, Michigan driver also hopes to make his ASA Late Model Series debut during Day Two the 3rd annual Mid-Michigan Doubles Weekend at his home track of the Owosso (MI) Speedway in Ovid, Michigan on Saturday August 18, 2007. (Trinklein Racing LLC Photo)

2006 Short Track Trucks.com Challenge Series Rookie of the Year, Kyle Trinklein looking to dethrone the reigning champion in 2007. (Also hopes to make his ASALMS debut later in the season). By Trinklein Racing/M. P.H. Promotions

Munger, Michigan (03/16/2007): In the Livonia, Michigan based Short Track Trucks.com Challenge Series, Three-Time Defending Series Champion, Joey Shuryan has been the man to beat.

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Zacks' High Rank Value strategy highlights: Deutsche Bank AG ...

CHICAGO--(BUSINESS WIRE)--Many value investors look for stocks trading at Price/Earnings multiples below 15 and Price/Book multiples below 3. Combining these valuation measures with a Zacks Rank of #1 ("Strong Buy") or #2 ("Buy") helps to ensure that a stock is truly undervalued. The High Rank Value Profit Track strategy finds such bargains - bargains that generated returns of exceeding the S&P 500 in 2006. Four stocks meeting this strategy's exclusive criteria are Deutsche Bank AG (NYSE: DB), Eastman Chemical Co. (NYSE: EMN), JP Morgan Chase Co. (NYSE: JPM) and Portland General Electric Co. (NYSE: POR). View the entire list of stocks for the High Rank Value Profit Track at http://at.zacks.com/?id=2136.

Here are details about four companies currently identified by the High Rank Value Profit Track:

Deutsche Bank AG (NYSE: DB) released first-quarter earnings of $2.89 billion on May 8, ahead of analysts' forecasts of $2.45 billion.

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Farmers Insurance Claims Team Assists Victims of New Mexico Storms

CLOVIS, N.M.--(BUSINESS WIRE)--March 26, 2007--The Farmers Insurance Group of Companies' agents and claims personnel are assisting Farmers' customers with claims from the tornado and hail storms that struck in the Eastern Clovis and surrounding areas Friday, March 23, 2007. Farmers' customers who have suffered damage from the tornado and hail storm that have not been contacted by Farmers should call the Farmers 24 hour HelpPoint number for immediate assistance. Please call 1-800-HelpPoint (1-800-435-7764). "Farmers serves more than 230,000 customers in New Mexico and has 228 Farmers agents," noted Craig Allen, Farmers New Mexico State Executive. "We are contacting all Farmers customers who were affected by the tornado and hail storms." The Farmers Insurance Group(R) of Companies comprises the nation's fourth-largest personal lines property & casualty insurance group - helping to restore the lives of over 15 million customers when the unexpected happens.

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Helix BioMedix Reports 2006 Financial Results

BOTHELL, Wash., March 27 /PRNewswire-FirstCall/ -- Helix BioMedix, Inc. (BULLETIN BOARD: HXBM.OB) , a developer of bioactive peptides, today announced financial results for the year ended December 31, 2006.

For 2006, Helix BioMedix reported a net loss of $3,828,326, or $0.17 net loss per share, compared to a net loss of $3,277,239, or $0.18 net loss per share, for 2005. The 2006 results include approximately $391,200 of incremental expense for stock-based compensation due to the adoption of SFAS 123R "Share Based Payment" during the first quarter of 2006. .

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A pretty little shoe that really nails it

A girl can never have too many pairs of shoes. And when a shoe just happens to be small enough to sit on a desk and handy enough to be used as a hammer, it's sure to be the shoe of your dreams: a perfect fit.

Ganz, a Canadian company that has been distributing gifts for 50 years, sells Her Majesty's Hammer, a small shoe that delivers a powerful punch.

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DSPML Opportunities Fund: Invest

DSPML Opportunities Fund is a good option for investors looking to capitalise on themes or sectors with high growth potential.

The fund's mandate offers it the flexibility to take concentrated bets on a few sectors with potential to outperform the market.

The fund is a better option than other theme-based funds as it can switch between themes and opt for a combination, based on the market trends. Unlike HSBC Opportunities and Kotak Opportunities, both of which are flexi-cap funds, DSPML Opportunities primarily invests in large-cap stocks.

Its exposure to stocks with a market capitalisation of less than Rs 5,000 crore was restricted to 20 per cent of its assets in the past year.

Suitability: Given that it can take focussed exposures, the fund is better suited to investors with a high-risk appetite.

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NT$ falls to 1-month low on outflow

Taiwan's dollar yesterday weakened to a one-month low on concern overseas investors will cut holdings of stocks and traders will borrow the currency to invest in higher-yielding assets.

Fund managers outside of Taiwan sold more equities than they bought for nine straight days, the longest period since May 26, according to stock exchange data. The local dollar also extended last week's 0.3 percent slide on speculation investors will use the Taiwan dollar as a funding currency for so-called carry trades.

"Persistent outflows are going to be a factor for the currency," said Steven Chang, global markets vice president in Hong Kong at State Street Bank & Trust Co. "Investors will also resume the carry and that's a negative for the Taiwan dollar currency too."

The Taiwan dollar dropped 0.2 percent to NT$33.029 at 4 p.m.

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Enter our Peeps show contest!

Easter is coming, and that means plenty of Peeps. Purple Peeps, pink Peeps and yellow Peeps, squishy and sugary.

In honor of the power of the Peeps, were holding a Peeps diorama contest.

Think of a scene. Buy the appropriate number of Peeps. Make your diorama using a shoe box or comparable item. (Dress up the Peeps, if you want. Pick a theme, be creative and have fun.)

Take a couple of photos of the diorama and e-mail them in jpeg format to bgilhooly@th-record.com with Peeps in the subject line. Include your name, daytime phone number and home town, plus the dioramas title.

Deadline is Monday, March 19.

Best diorama wins a $50 prize.

Get cracking, peeple.

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Car trouble? Help available online

NORTH AURORA -- One of life's most frustrating -- and expensive -- propositions is getting your car to the shop for regular maintenance. Or worse -- getting your car repaired.

But a new company says beleaguered motorists no longer need rely on the phone book or an Internet search to determine which shop will give them the best price and most responsive service.

Ianauto.com (International Automotive Network +auto) has arrangements with professional mechanics who provide online estimates for needed repairs in just a few minutes, says Drew Turnbaugh, president.

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Pink slips arrive for distraught buyers

Titles for cars bought at Monterey Motors in San Luis Obispo over the past few months have started arriving in the mail.

"The pink slip showed up in the mail today," Ron Garcia said last week. "What a relief."

Garcia's girlfriend, Sandra Lee, was one of about two dozen people who had not been able to register their cars because Monterey Motors did not provide them with the title.

Anyone who hasn't yet received a title for a car bought at the now-defunct dealer should have them by the end of the week, as an agreement has been reached with the auto companies that had been holding the titles, according to an attorney for the dealership's owner.

The problem arose last year when dealership owner Ron Curtis had a falling out with his business partners, attorney Dave Hurst said.

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An Israeli lesson in animation

Anyone who's ever dabbled in video animation with the hopes of one day becoming the next Walt Disney can be thankful for a secret superhero ally.

AniBOOM, an Israel-based start-up has created a video-sharing site for user-generated Flash animation videos. The site offers social networking elements, tools for uploading, and revenue sharing for content creators, based on the number of times their videos are viewed.

Touted as a cross-media, cross-platform animation content project, AniBoom is the first of its kind which focuses solely on animation in the hyper world of user generated content and Web 2.0.

"AniBOOM was created to change the distribution chain so that young talent can expose their work to animation fans and industry professionals," said the company's CEO Uri Shinar.

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Intra-day traders gain with rising volatilities

Ever since the stock markets have started behaving in a more volatile manner since the start of this calender year, one of the class of traders/brokers who have started gaining most out of such uncertainties is the intra-day traders/ jobbers, who choose out such stocks that in the thick of action at any time, and trade only in such stocks in large quantities on a wafer thin margins on an intra-day basis. In most of these cases, the traders, who keep changing their loyalties on the stocks they choose for such activities, depends on the triggers in any stock, and also the demand for stocks which are in huge demand at any time, which are the key parameters for determining the choices that such traders/jobbers make at any time. One of the classic examples amongst such stocks, continuously inviting bulk activities from brokers for trading for over past three months now, is IFCI.

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Women ShoesBY SANDRA JONES Kiran Advani shops for most of her clothing online. In fact, the 29-year-old can't remember the last time she bought a piece of apparel from a store.

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Advani never considered buying shoes online until last summer. Frustrated by her inability to find a pair of simple yet stylish pumps for her wedding, she stumbled upon BlueTuxShoes.com, a Chicago Web site that specializes in wedding shoes. She found the sought-after pumps and has been shoe shopping online since.

"Now I'm hooked," Advani said. "I was always hesitant about buying shoes online because of the fit and comfort. Sometimes I'm a 7. Sometimes I'm a 7 1/2. The last few years I've been doing a lot of apparel shopping online and now shoes have just become a part of it."

When it comes to online retail, footwear has been a step behind the categories driving e-commerce -- items such as computers, books, music, toys and clothing.