| Did Insiders Bail on Airbus Woes?
Mega plane, mega scandal? On Oct. 3, Airbus parent European Aeronautics Defence & Space (EAD.PA) was rocked by reports that France's stock market regulator had uncovered "massive" insider trading by EADS executives and directors. The alleged improper trades took place in late 2005 and early 2006, shortly before the stock plunged on the disclosure of production delays on the double-decker A380 jet. The French daily Le Figaro said the regulator had sent a report to prosecutors identifying 21 high-ranking current and former EADS officials among nearly 1,200 people who had carried out suspicious trades. According to the newspaper, the 21 included Airbus's current chief executive, Thomas Enders, former CEOs Gustav Humbert and Noël Forgeard, top salesman John Leahy, and Ralph Crosby, the head of EADS' North American operations.
Overstock.com (OSTK) Announces $20M Stock Buyback
Overstock.com, Inc. (Nasdaq: OSTK) today announced that its Board of Directors has authorized a $20 million two-year repurchase program which will allow Overstock.com to buyback shares of its common stock and/or its Convertible Senior Notes. The shares may be repurchased from time to time in open market transactions or otherwise, subject to market conditions and other factors, including blackout periods imposed by Overstock.com, during which the Company prohibits its insiders and employees from trading in the Company's stock. Overstock.com, Inc. operates as an online retailer that offer discount brand name merchandise for sale primarily over the Internet. Related Categories Stock Buybacks Stocks Mentioned .
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He said the trade which was just $ 25 million in 2001 has increased to $ 1.3 billion that include mainly exports from Pakistan to Afghanistan. Regarding complaints of cement exports to Afghanistan, Karzai said there are no restrictions on import of cement as due to massive development projects, Afghanistan needs more cement. He however said there have been some duty adjustments for the import of beverages to protect the local industry. (Posted @ 14:50 PST)
Ambassador Durrani confident on US aid as bill is signed WASHINGTON, Dec 27 (APP): Pakistan's ambassador to the United States Mahmud Ali Durrani voiced confidence in continued flow of US security assistance for Pakistan despite the recent Congressional restriction placed on a portion of counterterrorism fund for the new fiscal year even as he expressed Pakistan's opposition to any such measure .
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