| WaMu to stress retail banking
When it comes to Washington Mutual Inc., most of the attention has been focused on the headache-generating home-loan side of the business. But there's at least one segment of WaMu that is growing: retail banking. As important as retail banking has been in carrying WaMu through the current mortgage-market predicament, even more reliance will be placed upon it in 2008. Not only is Washington Mutual investing more capital in the business -- to the tune of 100 to 150 branches opening this year, ahead of last year's pace of 78 -- but retail banking will get greater emphasis as a channel for generating mortgage business and credit-card accounts. That expansion comes as both the banking industry in general and WaMu in particular rethink the role of the branch in their business and the strategy for designing, locating and building them.
Company Profile For Toyo Tire & Rubber Co Ltd
Toyo Tire & Rubber Co., Ltd. is a Japan-based company that is active in four business segments. The Tire segment manufactures and sells various tires, as well as tubes for tires, flaps, camel backs, aluminum wheels and other related automobile tire parts. The Chemical Industry Product segment manufactures and sells various rubber products, including rubber cushions, air springs, and rubber layers for bridges and seismic isolation rubbers, as well as plastic products, thermal insulation panels, construction materials, seat cushions and precision rubber parts for office automation equipment. The Automotive Part segment manufactures and sells various rubber products, including rubber cushions, weather strips, air suspensions, as well as the synthetic resin products, including seat cushions and bumpers.
Euroshares outlook - set to track US, Asian falls ahead of Fed rate ...
The Fed is widely expected to cut rates again this week; many analysts expect a half-point cut. Today in Asia, the Hang Seng ended its morning session 1,185.41 points, or 4.7 pct lower at 23,936.96. Japan's Nikkei 225 fell 541.25 points, or 4 pct, to end the day at 13,087.91. World oil prices fell in Asian trading Monday, tracking volatile equity markets on lingering uncertainly over the US economy. In late morning trade, New York's main contract, light sweet crude for delivery in March, was down 55 US cents at 90.16 usd per barrel, having risen a dollar in US trade Friday. M&A news looks set to be a key focus in Europe today with speculation of a bid for Societe Generale set to continue as The Observer said yesterday the French government has sounded out the country's two largest banks, Credit Agricole and BNP Paribas, to find out if they would be prepared to launch a break-up bid for the French bank after last week's news of a massive fraud at the French banking group.
Inter Pipeline Fund Announces Record Third Quarter Results and ...
Successfully closed a $2.2 billion syndicated credit facility to finance the development and expansion of the Corridor pipeline system
- Subsequent to the quarter end, Shell Canada Energy's Orion oil sands project began transporting volumes on the Cold Lake pipeline system
(1) Please refer to the "Non-GAAP Financial Measures" section of the MD&A.
Sustainability of Cash Distributions
On June 22, 2007, the Federal Government's Tax Fairness Plan (part of Bill C-52) became law. As a result, publicly-traded flow-through entities such as income funds, royalty trusts and limited partnerships will be subject to taxation commencing January 1, 2011. In recent months there has been considerable debate within the investment community and the media regarding the sustainability of current cash distributions paid by such entities once they become taxable.
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