Amedisys Names James T. Robinson as New Executive Vice President of Hospice

BATON ROUGE, La.–(Business Wire)–
Amedisys, Inc. (NASDAQ: AMED), one of America’s leading home care and hospice
companies, announced today that James (Jim) T. Robinson, most recently of
American CareSource Holdings, Inc., has joined Amedisys as the Company`s new
Executive Vice President of Hospice.

“Jim brings a unique combination of skills and healthcare experience to Amedisys
and is going to be an excellent addition to our senior executive team,” stated
William F. Borne, Amedisys Chief Executive Officer. “His track record in growing
hospice programs combined with his breadth of knowledge in building and growing
healthcare companies strengthens our hospice management team. We`re counting on
Jim to provide the leadership, knowledge and creativity required to help
Amedisys become the leading provider of comprehensive in-home end-of-life care
and hospice services in the country.”

Over the past 20 years, Mr. Robinson has been on the leading edge of healthcare
innovation and has either led or has been a member of the senior management team
of five healthcare companies spanning cardiovascular medical devices; e-health;
physician-to-patient communication; pharmaceutical CRM services; end of life and
hospice care; alternative care delivery sites; and payor cost containment
services. In his role as Executive Vice President of Amedisys` Hospice business
unit, Mr. Robinson will be responsible for the growth and overall performance of
the company`s hospice organization.

“I`m very excited about joining Amedisys at this time,” said Mr. Robinson.
“Amedisys is uniquely positioned to provide a full continuum of cost-effective,
compassionate, comprehensive health care from the time a patient becomes a high
utilizer of healthcare services to the end-of-life. And by linking our growing
hospice programs to Amedisys` home health agencies in communities all across the
country, we should be able to grow our hospice census significantly over the
next several years and provide streamlined, seamless care at home to our
patients and their families.”

From 2006 to 2008, Mr. Robinson served as Executive Vice President and Chief
Marketing Officer of VistaCare, Inc., where he helped lead the turnaround and
eventual sale of the $230 million nationwide hospice/healthcare services company
to Odyssey HealthCare.

Prior to joining VistaCare, Mr. Robinson was President & CEO of HealthBanks,
Inc., an innovative, private-equity backed e-Health Network Company that
connects specialty physicians to their patients. Before HealthBanks, he was
co-founder of Avicenna Systems Corporation, a venture capital backed e-health
physician practice solutions company that was acquired by WebMD. Mr. Robinson
has also held a variety of management positions with St. Jude Medical, Inc.,
Hewlett Packard Medical Systems, and the Xerox Corporation. He earned a Bachelor
of Arts from Connecticut College and holds an MBA from Harvard University.

Amedisys, Inc. is headquartered in Baton Rouge, Louisiana. Its common stock
trades on the NASDAQ Global Select Market under the symbol “AMED.”

This press release includes statements that may constitute “forward-looking”
statements, usually containing the words “believe,” “estimate,” “project,”
“expect,” “anticipate” or similar expressions.Forward-looking statements
inherently involve risks and uncertainties that could cause actual results to
differ materially from the forward-looking statements.Many of the factors that
could cause or contribute to such differences are described in the Company`s
periodic reports and registrations statements filed with the Securities and
Exchange Commission, and include, but are not limited to the following: general
economic and business conditions, changes in or failure to comply with existing
regulations or the inability to comply with new government regulations on a
timely basis, changes in Medicare and other medical reimbursement levels,
ability to complete acquisitions announced from time to time, and any financing
related thereto, the ability to meet debt service requirements and to comply
with covenants in debt agreements, adverse changes in federal and state laws
relating to the health care industry, demographic changes, availability and
terms of capital, ability to attract and retain qualified personnel, ongoing
development and success of new start-ups, ability to successfully integrate
newly acquired agencies, changes in estimates and judgments associated with
critical accounting policies, business disruption due to natural disasters or
acts of terrorism, and various other matters, many of which are beyond
management`s control. By making these forward-looking statements, the Company
undertakes no obligation to update these statements for revisions or changes
after the date of this release.

Our company website address is www.amedisys.com. We use our website as a channel
of distribution for important company information. Important information,
including press releases, analyst presentations and financial information
regarding the Company is routinely posted on and accessible on the “Investor
Relations” subpage of our website, which is accessible by clicking on the tab
labeled “Investors” on our website home page.We will also use our website to
expedite public access to time-critical information regarding the Company in
advance of or in lieu of distributing a press release or a filing with the
Securities and Exchange Commission (“SEC”) disclosing the same information.In
addition, we make available on the Investor Relations subpage of our website
(under the link “SEC filings”) free of charge our annual reports on Form 10-K,
quarterly reports on Form 10-Q, current reports on Form 8-K, ownership reports
on Forms 3, 4 and 5 and any amendments to those reports as soon as practicable
after we electronically file such reports with the SEC. Further, copies of our
Certificate of Incorporation and Bylaws, our Code of Ethical Business Conduct
and the charters for the Audit, Compensation and Nominating and Governance
Committees of our Board are also available on the Investor Relations subpage of
our website (under the link “Corporate Governance”).

www.amedisys.com

Amedisys, Inc.
Kevin B. LeBlanc, 225-292-2031
Director of Investor Relations
kleblanc@amedisys.com

Copyright Business Wire 2010

S.Korea NHN says considers buying Japan’s Livedoor

SEOUL, April 5 (Reuters) – NHN Corp (035420.KS), South Korea’s top Internet portal and Web search service, said on Monday it was considering buying Japanese Internet portal Livedoor Co to strengthen its operations in Japan.

“We are considering various business opportunities in Japan including M&As but nothing has been decided,” NHN told the Korea stock exchange in response to media reports that it was about to buy Livedoor for about 7 billion yen. [nTOE63200H]

LDH Corp, which put up Livedoor for sale, also said it was considering selling Livedoor but decision has yet to be made.

A Livedoor deal will boost NHN’s foray into the Japanese Internet search market that it re-entered in July 2009 after leaving in 2005. NHN also runs Hangame online game portal in Japan.

NHN dominates the Web search traffic in South Korea, one of the world’s most wired countries, leading by far foreign rivals such as Yahoo Inc (YHOO.O) and Google Inc (GOOG.O).

In South Korea, its portal service Naver has 34 million registered users, while users for its gaming portal Hangame reach 30 million.

Livedoor runs a portal site attracting 30 million users a month and earned 1 billion yen operating profit in the last fiscal year ended in September on 9.4 billion yen revenue.

LDH Corp, formerly Livedoor Holdings, was delisted in 2006 in the wake of an accounting scandal.

Shares in NHN rose 2.4 percent to 189,500 won by 0300 GMT, outperforming a 0.4 percent drop in the broader market .

(Reporting by Rhee So-eui in SEOUL and Nathan Layne in TOKYO; Editing by Valerie Lee)

((soeui.rhee@thomsonreuters.com; +82 2 3704 5650; Reuters Messaging: soeui.rhee.reuters.com@reuters.net))

((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: NHN LIVEDOOR/

(C) Reuters 2010. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nTOE63400J

Invitel Holdings A/S Announces SEC Filing to Deregister and Cease Reporting Obligations

NEW YORK–(Business Wire)–
Invitel Holdings A/S (Pink Sheets:INVHY) announced that it has filed a Form 15
today with the United States Securities and Exchange Commission. The filing of
the Form 15 by Invitel Holdings will enable Invitel Holdings to deregister from
the SEC and to cease reporting under the Securities Exchange Act of 1934, as
amended. Upon the filing of the Form 15, the obligation of Invitel Holdings to
file periodic reports with the SEC under the Exchange Act was suspended
immediately. Invitel Holdings still, however, has an obligation to file its 2009
Annual Report on Form 20-F, which it intends to file by the June 30, 2010
deadline. The deregistration will be effective 90 days after the filing (July 2,
2010), unless the Form 15 is earlier withdrawn by Invitel Holdings or denied by
the SEC. Invitel Holdings reserves the right to withdraw the filing of the Form
15 for any reason prior to its effectiveness.

COMPULSORY ACQUISITION PROCEDURE BY MID EUROPA

As previously announced, the decision by Invitel Holdings to delist its American
Depositary Shares (“ADSs”) from the NYSE Amex and to deregister from the SEC
follows the completion by Mid Europa Partners of its tender offer to purchase
any and all of the outstanding ordinary shares of Invitel Holdings and any and
all of the ADSs representing such ordinary shares. Following the completion of
the tender offer, Mid Europa now owns approximately 91.8% of the outstanding
ordinary shares of Invitel Holdings. Mid Europa has begun the process to acquire
the remaining Invitel Holdings ordinary shares in a compulsory acquisition
procedure under Danish law (the “Compulsory Acquisition”). The Compulsory
Acquisition is expected to be completed by July 8, 2010, at which point Mid
Europa is expected to own all of the outstanding ordinary shares of Invitel
Holdings. As a result of the initiation of the Compulsory Acquisition, Invitel
Holdings has commenced the process of terminating the Deposit Agreement dated
February 27, 2009 with Deutsche Bank Trust Company Americas, which governs the
ADSs. The termination is expected to be effective following the completion of
the Compulsory Acquisition.

ABOUT INVITEL HOLDINGS A/S

Invitel Holdings A/S is the number one alternative and the second-largest fixed
line telecommunications and broadband Internet Services Provider in the Republic
of Hungary. In addition to delivering voice, data and Internet services in
Hungary, it is also a leading player in the Central and Eastern European
wholesale telecommunications market.

Forward-Looking Statements and Legal Information

The information above includes forward-looking statements about Invitel Holdings
A/S and its subsidiaries. These and all forward-looking statements are only
predictions of current plans that are constantly under review by Invitel
Holdings. Such statements are qualified by important factors that may cause
actual results to differ from those contemplated, including those risk factors
detailed from time to time in Invitel Holdings` U.S. Securities and Exchange
Commission (“SEC”) filings, which may not be exhaustive. For a discussion of
such risk factors, see Invitel Holdings` filings with the SEC including, but not
limited to, its 2008 Annual Report on Form 20-F. Invitel Holdings operates in a
continually changing business environment, and new risk factors emerge from time
to time. Invitel Holdings cannot predict such new risk factors, nor can it
assess the impact, if any, of such new risk factors on its business or events
described in any forward-looking statements. Invitel Holdings has no obligation
to publicly update or revise any forward-looking statements to reflect the
occurrence of future events or circumstances.

Invitel Holdings A/S
Chief Financial Officer
Robert Bowker
Hungary: (011) 361-801-1374

Copyright Business Wire 2010

Indian footwear market has large potential

Chandigarh, July 13 (ANI): The Indian footwear market has recently seen a demand shift from low-priced footwear to medium and high-priced products. But the huge potential that this development creates is as yet largely untapped.

The growing aspiration to look trendy but comfortable has increased the demand for footwear having international high-fashion brands in Punjab.

And for the brands, it is an opportunity to provide the Punjabi consumer with products that have a classic elegance – tasteful luxury, enduring quality and fine imprint of craftsmanship.

Jimmy Choo, Pavers England, GUCCI, Moschino – just to name a few, the global luxury brands in footwear have already entered the Indian market.

Till a few years ago, buying a foreign footwear brand would require a trip abroad, a gift from overseas friends/family or at the most an online purchase.

But it changed with the permission for 51 per cent Foreign Direct Investment (FDI) in single-brand outlet in early 2006 that allowed foreign footwear brands to enter India.

It also strengthened the organized retailing in footwear. The affluent customers in India today have a wider choice in buying stylish and comfortable shoes.

“There is a huge potential I would rather see. People are willing to shell out money for a good product. They need styling. They need comfort and if that comes for a price. Why not! At Show Tree we are selling at somewhat around INR 12,500 a show of Lacoste and it’s selling. There is a very huge potential provided the shoe should be very comfortable and stylish in that matter,” said Hitesh Aneja, Brand Head, Shoe tree.

The 500 million dollars Indian footwear market is growing at 15-20 per cent annually. A majority of global brands are foraying into the Indian market through the franchisee route.

Bullish about the Indian market, Reebok, an International footwear brand, is expanding its reach by joining hands with Franchise India Holdings Limited, an integrated franchise and retail solution provider.

People in the Indian middle class today have more money to spend on quality and designer footwear, and the working class too wants comfortable, durable and trendy shoes that they can wear at workplace.

They are now more brand-conscious then before.

“There would be 2-3 main reasons. First would be definitely the comfort level. You can find out shoes for 1000-1500 rupees but they are not much comfortable and I feel that the leather shoes of these big brands have longer life and longer shine. I am looking for some Italian brand shoes and definitely they give good comfort like sport shoes. In leather shoes, you find comfort in these brands only,” said Bhupender Jeet, an employee with the Multi National Company from Ludhiana.

“We get quality shoes by paying more. So that’s not a concern. The branded sandals are more comfortable. And comfort can’t be compared with the cost. Cheap quality shoes are not durable where as branded footwear is long-lasting,” said Manjula, a local resident of Chandigarh.

Shoes, say lifestyle Pundits, are second only to clothes in terms of importance and the styles are mostly Western.

Presently, the shoes are available at a price range of 50 to 500 dollars USD or more.

No surprise then that be it Moreschi of Italy, Bali and Rosetti of Switzerland or Merrell of the U.S. – all are willing to come to India. By Sunil Sharma (ANI)

HK shares expected to drop with banks seen hard-hit

HONG KONG, April 21 (Reuters) – Hong Kong shares are expected
to drop on Tuesday amid a global sell-down in banking stocks
after Bank of America (BAC.N) raised concerns about credit
quality deterioration.

The stock plunged more than 24 percent on Monday despite
reporting a rise in profit for the first quarter as its chief
executive warned the bad credit environment was getting worse.

American depository receipts (ADRs) in Hong kong-listed
companies joined the slump on Wall Street overnight with global
lender HSBC (HBC.N) (0005.HK) sliding 7.7 percent, while China
Mobile (CHL.N) (0941.HK), which reported a 5.2 percent increase
in its first quarter net profit on Monday, sank 4.5 percent.

The benchmark Hang Seng Index .HSI closed 1 percent higher
at 15,750.91 on Monday as Chinese stocks led the charge on
expectations of improved corporate earnings in 2009

STOCKS TO WATCH-

* Enric Energy Equipment Holdings (3899.HK), which had
previously made a takeover offer with CIMC Hong Kong for Target
Co China, has reduced its offer for Target Co China to HK$3 per
share from HK$4.49 per share, citing market conditions and
economic environment. For statement please click
here

* China National Resources Development Holdings (0661.HK) on
Tuesday said it had discovered 400,000 tonnes of copper reserves
in its mine in Xinjiang and 500,000 tonnes in the northern and
southern copper belts. For statement please click
here

* Chinese property developer Beijing North Star (0588.HK)
said its first-quarter net profit rose to 171.3 million yuan,
compared with 84.5 million yuan a year earlier. For statement
please click
here

* Xinjiang Xinxin Mining Industry Co (3833.HK) said it had
agreed to acquire a 57 percent equity interest in Zhongxin Mining
for 33.1 million yuan from Xinjiang Investment and Development
(Group) Co . For statement please click
here
———————-MARKET SNAPSHOT @ 2247 GMT ————

INSTRUMENT LAST PCT CHG NET CHG
S and P 500 .SPX 832.39 -4.28% -37.210
USD/JPY JPY 98.04 0.08% 0.080
10-YR US TSY YLD US10YT 2.8562 — 0.000
SPOT GOLD XAU 884.05 -0.01% -0.100
US CRUDE CLc1 45.8 -0.17% -0.080
DOW JONES .DJI 7841.73 -3.56% -289.60
ASIA ADRS .BKAS 95.58 -4.00% -3.98
————————————————————-

MARKETS SUMMARY
*Wall St sinks on banks’ woes; IBM drops late [nN20421816]
*Oil drops over 8 pct on economic outlook, dollar [nSYD428032]
*Increased anxiety lifts dollar, euro slumps on ECB [nN20408601]
*Treasuries rally as bank fears clobber Wall Street [nN20563843]

(Reporting by Parvathy Ullatil; Editing by Chris Lewis)

Warren Lichtenstein’s fund proposal resisted-WSJ

NEW YORK, April 19 (Reuters) – Investors owning more than half the assets in Warren Lichtenstein’s largest hedge fund have asked to pull out, resisting a push to convert the fund into a publicly traded partnership, the Wall Street Journal said on Sunday.

Lichtenstein had proposed spinning Steel Partners II into WebFinancial, a public company controlled by his firm Steel Partners that aims to be a holding company for entities such as small banks and insurers, the report said.

In a letter sent to clients last week, the hedge-fund manager wrote that investors representing only 36 percent of the assets in Steel Partners II Master Fund had agreed to support the conversion plan, the report said.

The rest of the investors did not vote or asked to pull out of the fund, the Journal said. A non-vote is equivalent to asking for money back, according to a March letter from Lichtenstein that outlined the options facing investors.

Despite the lack of substantial support, Lichtenstein told clients he would still proceed with the conversion, the report said.

“We would like to take this opportunity to inform you that the name of ‘WebFinancial L.P.’ has been changed to ‘Steel Partners Holdings L.P.,” Lichtenstein wrote in last week’s letter, according to the report.

A spokesman for the fund was not immediately reachable for comment.

Separately, Bank of America Corp (BAC.N) and ACF Industries have sued Steel Partners accusing the activist hedge fund committed fraud by not properly advising investors of its plans to go public, according to court documents filed in January.

The lawsuit charges that the hedge fund was not in compliance with its obligations to investors as it pursued its plan to become a publicly traded partnership because it failed to give ample notice of the plan or an opportunity to vote on the proposal. (Additional reporting by Svea Herbst-Bayliss in Boston) (Reporting by Jui Chakravorty Das; Editing by Muralikumar Anantharaman jui.chakravorty@thomsonreuters.com; +1 646 223 6033; Reuters Messaging: jui.chakravorty.reuters.com@reuters.net )

PRESS DIGEST – Philippine newspapers – April 17

MANILA, April 17 (Reuters) – These are the leading stories in Manila newspapers on Friday. Reuters has not verified these stories.

- The Senate minority will seek sanctions against four senators who signed an antedated order, which ruled as sufficient in form the complaint filed against Senator Manuel Villar in connection with the double funding of a road project from which his companies benefited. (PHILIPPINE DAILY INQUIRER)

- The provincial crisis committee negotiating the release of nine people taken hostage by the Abu Sayyaf on the island of Basilan has authorised the military and police to proceed with rescue operations. (THE PHILIPPINE STAR)

- The government is looking for an effective way to impose a ban on the deployment of Filipino sailors in vessels passing through pirate infested waters near Somalia, the presidential palace said. (THE PHILIPPINE STAR)

********

BUSINESS

- Business sentiment in the Philippines is inching towards the pessimistic as more investors are choosing to hold on to their cash rather than spend it, a survey by financial services group ING showed. (BUSINESSWORLD)

- Philippine conglomerate JG Summit Holdings Inc (JGS.PS) incurred a net loss of 694 million pesos ($14.5 million) last year due to mark-to-market losses, reversing the 11.37 billion pesos net income recorded in 2007. (BUSINESSWORLD, MALAYA, MANILA STANDARD TODAY, THE PHILIPPINE STAR)

- Top Philippine refiner Petron Corp (PCOR.PS) aims to raise as much as 15 billion pesos this year to finance expansion plans, company president Eric Recto said. (PHILIPPINE DAILY INQUIRER)

($1 = 47.73 Philippine peso)

(Reporting by Karen Lema)

UPDATE 1-Australia’s Woolworths Q3 sales meet market f’casts

Woolworths third quarter sales up 6.5 percent

* Expects full-year sales to grow in upper single-digits

* Shares rise as much as 4.4 pct (Adds details)

SYDNEY, April 17 (Reuters) – Woolworths Ltd (WOW.AX), Australia’s top supermarket chain, reported a 6.5 percent rise in third-quarter sales, meeting analysts forecasts, and flagged upper single digit sales growth in full year.

Sales were boosted by strong growth in demand at its food and liquor divisions and helped lift Woolworths shares as much as 4.4 percent, outpacing a 1.7 percent rise in the benchmark S and P/ASX 200 index .AXJO.

Shares in other retailers, such as Wesfarmers Ltd (WES.AX), Harvey Norman Holdings Ltd (HVN.AX), also climbed on the back of Woolworths’ robust sales.

Woolworths, which accounts for about 35 percent of Australia’s food and liquor retailing, said third-quarter sales totalled A$12.3 billion ($8.8 billion), up from A$11.58 billion a year ago.

Four analysts on average had projected Woolworths’ sales to rise 6.4 percent in the third quarter.

Woolworths has stayed away from making acquisitions, despite sharp falls in the value of listed companies amid the global financial crisis, and instead ploughed back profits into refurbishing its stores.

“This result reflects the continued positive response from our customers to these reinvestment strategies,” Woolworths’ Chief Executive Officer Michael Luscombe said in a statement.

Sales growth at Woolworths, which also owns Big W discount stores and the Dick Smith electronics chains, comes as the government fights hard to avert a recession, partly through cash hand outs to consumers.

The government has already announced two stimulus packages amounting to some A$52 billion and analysts say retailers such as Woolworths are benefitting from the hand outs.

Woolworths, which is also a petrol retailer, had been negatively impacted by an estimated 15 percent fall in fuel prices from a year ago. Sales excluding petrol climbed 9 percent seasonally adjusted, the company said.

Woolworths shares were up 3.8 percent at A$26.56 by 0051 GMT, but are trading flat on the year, lagging a 2.1 percent rise in the benchmark index. ($1=A$1.39) (Reporting by Denny Thomas; Editing by James Thornhill)

Seoul shares firm, heads for 6th weekly gain

KOSPI up 0.99 pct

* Memory chip issues up on chip price gain hopes

* LG Display rises on growing sectoral optimism

(Updates to mid-morning)

By Jungyoun Park

SEOUL, April 17 (Reuters) – Seoul shares rose on Friday after
overnight gains on Wall Street with techs such as Hynix
Semiconductor (000660.KS) leading gains, while banks rose helped
by better-than-expected earnings from JPMorgan (JPM.N).

The Korea Composite Stock Price Index (KOSPI) was up
0.99 percent at 1,350.02 as of 0209 GMT, heading for a sixth
straight weekly gain, which would be the longest weekly winning
streak since June, 2007.

“Although share movements are volatile and are having
difficulty sustaining a rise above the 1,350-point level, the
main index undoubtedly has upward momentum,” said So Jang-ho, a
market analyst at Samsung Securities.

“There are signs that shares have been rather overbought,
with average KOSPI-listed shares trading at a price-to-earnings
ratio of above 13, which is higher than regional markets,” So
added.

Gains were led by memory chip issues including Samsung
Electronics (005930.KS) and Hynix Semiconductor after spot prices
for key DRAM chips jumped, and following news a Taiwanese
counterpart was planning price hikes.

Spot prices for DRAM chips rose between 6 and 7 percent
overnight, according to DRAMeXchange.

Nanya Technology (2408.TW), Taiwan’s No.2 DRAM maker, is in
talks with clients to raise the contract price of its chips by 10
percent later this month, the company said on Thursday.
[ID:nTP253476]

Hyundai Securities raised its target price on Hynix by 18.8
percent to 19,000 won from the previous 16,000 won, citing likely
gains in DRAM and NAND flash chip contract prices.

Samsung Elec (005930.KS) was up 3.1 percent, while Hynix
(000660.KS) rose 8.68 percent.

Shares in LG Display Co Ltd (034220.KS) had gained
3.69 percent on growing optimism after the company’s earnings
announcement that the first quarter had marked the flat-panel
industry’s bottom. [ID:nSEO214111]

Banks and brokerages advanced as news of
stronger-than-expected quarterly earnings from JPMorgan (JPM.N)
boosted sentiment towards Seoul financials.

Woori Finance Holdings (053000.KS) rose 1.3 percent and KB
Financial Group (105560.KS) was up 2.43 percent.

Elsewhere, STX Group shares outperformed after the company on
Friday said STX Europe, formerly Aker Yards, had won a 750
million Norwegian crown ($112.3 million) order for three
icebreaker tug vessels from Kazakhstan ship owner JSC Circle
Marine Invest. [ID:nSEO309030]

STX Shipbuilding (067250.KS) was up 2.07 percent and STX Corp
(011810.KS) were up 1.52 percent.

(Editing by Chris Lewis)

Nikkei set to rise on Wall St gain, NEC Elec eyed

TOKYO, April 16 (Reuters) – Japan’s Nikkei average is likely
to rise on Thursday, with banking shares expected to gain ground
after Wall Street climbed on several signs that the U.S.
recession could be abating.

NEC Electronics Corp (6723.T) will be in focus after sources
said it and Renesas Technology Corp are in the final stage of
talks on a merger in a bid to survive as sales slump amid global
economic turmoil. [ID:nT223191]

“After a steady performance on Wall Street, Japanese stocks
will likely gain, with financial shares stabilising,” said Yoku
Ihara, manager at Retela Crea Securities.

“The merger news between NEC Electronics and Renesas is also
positive. When there’s a strong leader in an industry, that
promotes efficiency and gradually leads to more strength in
negotiating prices,” he said.

Hope that the economic slump was abating rose after the U.S.
Federal Reserve’s Beige Book indicated the economy continued to
weaken, but the contraction’s speed was fading.

Adding to the upbeat tone, data from American Express (AXP.N)
signaled that the ability of some consumers to pay their bills is
stabilising. [.N]

Nikkei futures traded in Chicago 2NKc1 closed at 8,925 on
Wednesday, 185 points above the Osaka close, pointing to
a higher opening.

Market participants expect the benchmark Nikkei .N225 to
move between 8,700 and 8,900 on Thursday. It fell 1.1 percent the
previous day to end at 8,742.96 for its third consecutive day of
losses — its first such run in nearly two weeks.
———————-MARKET SNAPSHOT @ 2258 GMT ————

INSTRUMENT LAST PCT CHG NET CHG
S and P 500 .SPX 852.06 1.25% 10.560
USD/JPY JPY 99.24 -0.13% -0.130
10-YR US TSY YLD US10YT=RR 2.768 — 0.000
SPOT GOLD XAU 889.3 -0.15% -1.300
US CRUDE CLc1 49.62 0.75% 0.360
DOW JONES .DJI 8029.62 1.38% 109.44
————————————————————-
> Wall St climbs on signs recession easing [.N]
> Dollar gains as economic concerns persist [USD/]
> Bonds mostly up on economic worries, tame inflation [US/]
> Gold rises in quiet trade as inflation eyed [GOL/]
> Oil falls slightly as stockpiles weigh [O/R]
STOCKS TO WATCH

— Aderans Holdings Co Ltd (8170.T)

The wig maker’s board will approve a tender offer for at
least 33.4 percent of its shares by Unison Capital Inc at a
meeting on Thursday, the Nikkei business daily said.
[ID:nN15509722]

– Takeda Pharmaceutical Co (4502.T)

The drugmaker’s operating profit for the year ended last
month is expected to have fallen 31 percent, the Nikkei business
daily said.

That is an improvement over earlier projections as a delay in
getting drugs, including a key diabetes drug, approved in the
United States led to a decline in market research and promotion
expenses, the paper said.

— Asahi Glass Co Ltd (5201.T)

Asahi Glass said on Wednesday it will end production of auto
glass at one of its three factories in Japan in response to
slumping demand. [ID:nT173168]

— Santen Pharmaceutical Co Ltd (4536.OS)

Santen Pharmaceutical agreed to license to Merck and Co Inc
(MRK.N) its glaucoma and ocular hypertension drug tafluprost, in
a move to help drive global sales of one of Santen’s key
products. [ID:nT186326]
(Reporting by Aiko Hayashi; Editing by Edwina Gibbs)

Tokyo bourse halts trade in NEC Elec, Aderans

TOKYO, April 16 (Reuters) – The Tokyo stock exchange halted on Thursday trade in shares of NEC Electronics Corp (6723.T) and Aderans Holdings (8170.T).

Sources said NEC Electronics and Renesas Technology Corp are in the final stage of talks on a merger in a bid to survive as sales slump amid global economic turmoil. [ID:nT223191]

The Nikkei business daily said that wig maker Aderans’s board will approve a tender offer for at least 33.4 percent of its shares by Unison Capital Inc at a meeting on Thursday. [ID:nN15509722] (Reporting by Aiko Hayashi)

EARNINGS AND THE ECONOMY: CEOs wary about recovery talk

NEW YORK, April 15 (Reuters) – Economic reports in the past 36 hours provided a mixed picture of the U.S. economy’s chances of recovering any time soon. But what did top companies and their executives say about the outlook as they reported earnings and made other statements? Here is a compilation of comments made on Tuesday and Wednesday:

“We’re now seeing for the first time the real impact of the economic downturn (on) healthcare.” — Abbott Laboratories Inc (ABT.N) CEO Miles White.

“There’s still a lot of stress.” — Wal-Mart Stores Inc (WMT.N) CEO Mike Duke told NBC. “It’s not a ‘V’ recession, where we’re just going to bounce out and come back.”

“Worldwide company restaurant margins were lower than expected primarily due to an unanticipated traffic slowdown in the month of March across most company-owned restaurant markets. Germany, the company’s second largest company-owned restaurant market, and Mexico, the only company market in Latin America, experienced the largest declines.” — Burger King Holdings Inc in a statement.

“While lower fuel prices have provided a significant buffer against falling demand in 2009, the struggling economy and capital markets remain significant challenges for American and the rest of the industry.” — AMR Corp (AMR.N) CEO Gerard Arpey in reference to its American Airlines business.

“We did see signs that the PC market bottomed out in the first quarter.” — Intel Corp (INTC.O) CFO Stacy Smith. “But there still is a lot of economic uncertainty out there that creates a wider range of potential outcomes than normal.”

“We are facing a very tough economic environment … but we are very well positioned.” — Wal-Mart de Mexico (WALMEXV.MX) CEO Eduardo Solorzano. (Reporting by Martin Howell; Editing by Toni Reinhold)

Instinet Named “Best Electronic Brokerage House” by The Asset Magazine

HONG KONG–(Business Wire)–
Instinet Incorporated, a global leader in electronic trading and agency-only
brokerage services, today announced that its three Asian brokerage units have
collectively been named “Best Electronic Brokerage House” by The Asset magazine
in its Triple A Transaction Banking Awards for 2009
(www.theasset.com/storage/File/2009/Award/TB09.pdf).

“We are extremely pleased that Instinet`s unwavering commitment to helping
clients achieve best execution through our agency-only model and advanced
technologies has been recognised,” said Fumiki Kondo, Co-CEO of Instinet
Incorporated.

The annual awards recognize institutions and individuals that have made a
significant contribution to the development of the financial services sector in
Asia, and are considered to be among the most prestigious in the industry due to
their rigorous assessment process.

In addition to today`s award, Instinet was recognized in March 2009 for
providing the “Best Execution Management System for 2009″ by World Finance
magazine and “Best Broker-Supplied Product/Service” for its SmartRouter™ in the
2008 Buy-side Technology Awards.

One of the largest agency-only brokers operating in Asia, Instinet employs over
50 sales and trading personnel in the region. Instinet offers a comprehensive
suite of high-touch to high-frequency electronic trading services in Asia,
including agency-only sales trading, global portfolio trading, global
algorithmic trading/DMA, the Newport® 3 EMS, a comprehensive trade analytics
platform and commission management services. In addition, the firm operates
three ATS (alternative trading system) platforms in Asia – CBX™ ASIA,
JapanCrossing™ and KoreaCross™.

NOTE: CBX ASIA is the brand name for Instinet`s CBX platform in Asia and is not
licensed or regulated in any market as a pan-Asian platform. Instinet`s CBX
offerings in each market are regulated under the relevant rules and regulations
governing each jurisdiction.

About Instinet

Instinet is an electronic trading pioneer, having established the world`s first
significant electronic trading venue in 1969, one of the first recognized U.S.
ECNs in 1997 and the first pan-European MTF in 2007. Through its subsidiaries
and affiliates, Instinet operates two distinct business lines: a global network
of agency-only brokers that seek to help institutions lower overall trading
costs and improve investment performance through the use of innovative
electronic trading products, including smart-routing, algorithms, DMA, dark
pools and EMS platforms, and also provide sales trading, commission management
services and independent research; and the Chi-X® trading systems, which aim to
improve the efficiency of capital markets globally by providing
high-performance, low-cost alternative execution venues. Instinet is a
wholly-owned subsidiary of Nomura Holdings, Inc. For more information, please
visit www.instinet.com.

©2009 Instinet Incorporated and its subsidiaries. All rights reserved. INSTINET
is a registered trademark in the United States and other countries throughout
the world.

Instinet
Mark Dowd, +1-212-310-5331
First Vice President, Global Corporate Communications and Public Relations
mark.dowd@instinet.com
or
Elina Lim, +65-6854-3420
Head of Asia Marketing and Public Relations
elina.lim@instinet.com

Copyright Business Wire 2009

PRESS DIGEST – Hong Kong – April 15

HONG KONG, April 15 (Reuters) – These are some of the leading stories in Hong Kong newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

APPLE DAILY

– Hong Kong’s economy will see a recovery in the second half of the year, as asset markets appear to have bottomed out, Morgan Stanley said in a report.

MING PAO DAILY NEWS

– Cathay Pacific (0293.HK) will announce within this week plans for a new round of cost-cutting policies, which include a mandatory no-pay leave requirement for staff, sources said.

SOUTH CHINA MORNING POST

– China Life Insurance Co (2628.HK) said premium income for the first quarter rose 1.8 percent to 104 billion yuan, compared with 102.2 billion yuan in the same period last year.

– Vietnamese Prime Minister Nguyen Tan Dung will visit Hong Kong next week in the first official mission to the city by a government leader from modern Vietnam.

THE STANDARD

– Bank of China president Li Lihui reiterated on Tuesday that the Beijing lender will increase its stake in its subsidiary, Bank of China (Hong Kong), to 75 percent if necessary.

HONG KONG DAILY NEWS

– Great Eagle Holdings (0041.HK) said Hong Kong’s overall hotel earnings from room sales fell by a third year-on-year in the first quarter.

WEN WEI PO

– Sales of new apartments rebounded slightly over the Easter holiday, after lower prices and concession offers lured buyers. Some new apartments were offered at more than 20 percent below secondary market prices of similar flats in the same district.

For Chinese newspapers, see……………[PRESS/CN]

For Taiwan newspapers, see…………[PRESS/TW]

Singapore Hot Stocks-Sembcorp Marine, SIA, Parkway in focus

SINGAPORE, April 15 (Reuters) – Oil-rig builder Sembcorp
Marine may be in focus on Wednesday after a large customer,
Petroprod, was placed under provisional liquidation. Petroprod
had placed orders worth over $500 million with the Singapore
firm, according to Business Times.

U.S. stocks fell on Tuesday as a surprising drop in retail
sales dented hopes the recession was abating, while financial
shares slid on fears that Goldman Sachs’ (GS.N) share offering
could prompt other banks to follow suit.
———————-MARKET SNAPSHOT @ 2359 GMT ————

INSTRUMENT LAST PCT CHG NET CHG
S and P 500 .SPX 841.5 -2.01% -17.230
USD/JPY 98.98 0.19% 0.190
10-YR US TSY YLD 2.7954 — 0.005
SPOT GOLD 888.1 -0.08% -0.750
US CRUDE CLc1 49.08 -0.67% -0.330
DOW JONES .DJI 7920.18 -1.71% -137.63
ASIA ADRS .BKAS 98.16 -1.95% -1.95
————————————————————- >
Weak retail sales, Goldman hit Wall St; eBay up late [.N] >
Dollar and yen gain on renewed safe-haven bid [USD/] >
Bonds climb on falling retail sales data [US/] >
Gold ends a tad lower but near-term strength seen [GOL/] >
Oil slips below $50 on demand, inventory forecasts [O/R]

Stocks and factors to watch:

— SEMBCORP MARINE (SCMN.SI)

– Sembcorp Marine said a large customer, Petroprod, has
been placed under provisional liquidation. J.P. Morgan said the
potential order-book cancellations may outweigh the positive
effect of a gas contract win by another Sembcorp unit, but kept
its “overweight” call on the rigbuilder. [ID:nSN4E51621]

— SINGAPORE AIRLINES (SIAL.SI)

– The world’s second-biggest airline by market value may
be in focus after Singapore and Malaysia agreed to expand their
bilateral air services agreement, which would give carriers of
both countries the right to operate between Singapore and six
new Malaysian destinations from June 1.

— PARKWAY HOLDINGS LTD (PARM.SI)

– The healthcare services provider said on Tuesday that
Chief Operating Officer Daniel Snyder had decided not to renew
his three-year job contract for personal reasons
[ID:nSN4E21031]

— SINGAPORE PRESS HOLDINGS (SPRM.SI)

– DBS Vickers downgraded Singapore Press Holdings (SPH) to
“hold” from “buy”, citing the 25 percent rise in the newspaper
publisher’s share price since the brokerage made its “buy”
call.

– LIAN BENGGROUP (LIBG.SI)

– The construction firm reported on Tuesday its net profit
rose 31 percent to S$11.4 million ($7.60 million) for the nine
months ended Feb 28, 2009 mainly on an increase in construction
activity. [ID:nSN4E91001]

– Singapore’s benchmark Straits Times Index .FTSTI rose
1.08 percent to 1,897.02 points on Tuesday.

– The Dow Jones Industrial Average .DJI fell 1.71 percent
to 7,920.18 points. The Nasdaq Composite Index .IXIC was down
1.67 percent to 1,625.72 points.
($1=1.501 Singapore Dollar)
(Reporting by Eveline Danubrata; Editing by Kevin Lim and
Muralikumar Anantharaman)

HSBC seeks $4 bln from property sales -paper

LONDON, April 12 (Reuters) – Europe’s largest bank HSBC Holdings (HSBA.L) is looking to sell three of its biggest office buildings to raise 2.7 billion pounds ($3.98 billion), the Sunday Telegraph reported without citing sources. HSBC plans to sell and lease back the buildings, which inlude its London headquarters in the financial district of Canary Wharf, its French base in Paris and some New York offices, the paper said.

HSBC bought back its skyscraper at Canary Wharf for 838 million pounds from ailing Spanish property firm Metrovacesa (MVC.MC) at the end of last year after the Spanish firm failed to refinance a loan secured on the building.

HSBC, which has just completed a rights issue raising 12.9 billion pounds, could not be immediately reached for comment. ($1=.6789 pounds) (Reporting by Victoria Bryan; editing by Mike Nesbit)

nfrastructure spending could boost RSC – Barron’s

NEW YORK, April 12 (Reuters) – RSC Holdings Inc (RRR.N), which rents out forklifts, backhoes and cranes, has no exposure to the residential housing market and is well-positioned to benefit from a rise in infrastructure spending that could result from the Obama administration’s economic stimulus plan, Barron’s said.

The second-largest player in the business of supplying heavy equipment to the construction industry, has annual revenue of $1.8 billion, Barron’s said in its April 13 edition. It has one of the safest, newest and best maintained fleets of construction equipment in the industry, Barron’s said.

Erik Olsson, the company’s chief executive, said that when demand rebounds, construction companies will prefer to rent rather than buy equipment because credit for purchases will still be tight, Barron’s said.

Meanwhile, Morgan Stanley analyst Vance Edelson said the stock could more than triple over the next 12 to 18 months to $16.

Bulls like that the company gets more than 60 percent of its sales from rentals tied to maintenance and repairs, up from 35 percent three years ago, Barron’s said.

(Reporting by Ilaina Jonas; Editing Bernard Orr)

S.Korea banks’ loan delinquency ratio falls in Mar

SEOUL, April 13 (Reuters) – The delinquency ratio for loans extended by South Korean banks turned lower in March from the previous month but remained higher year-on-year due mainly to soured loans to small companies, a regulator said on Monday.

The ratio came to 1.46 percent at the end of March, against 1.67 percent in February and 1.50 percent in January, according to the Financial Supervisory Service’s policy report to parliament.

The delinquency ratio for lending to small and medium-sized enterprises (SME) also dropped to 2.32 percent at the end of last month, from 2.67 percent a month before.

Domestic banks increased lending to SMEs by 30 percent to 3.9 trillion won in March from February.

The South Korean government and central bank have been pumping fresh liquidity to the banking sector to allow banks to keep lending to cash-strapped companies, while setting up a 20-trillion-won ($15 billion) fund to recapitalise domestic lenders.

A combined 4 trillion won from the bank recapitalisation fund had been injected into eight financial institutions as of end-March, including Kookmin Bank, Woori Bank and Hana Bank, the Financial Services Commission, a financial watchdog, said in a separate statement.

Kookmin, Woori and Hana are units of KB Financial Group (105560.KS), Woori Finance Holdings (053000.KS) and Hana Financial Group (086790.KS), respectively.

Separately, South Korean banks will assess the accounts of 45 large business groups from this month with an eye to restructuring their weaker units.

($1=1337.5 Won)

(Reporting by Kim Yeon-hee; Editing by Jonathan Hopfner)

Malaysia Bank Islam plans $150 mln cash call-paper

KUALA LUMPUR, April 11 (Reuters) – Malaysian sharia lender Bank Islam plans to raise up to 540 million ringgit ($149.5 million) by selling preference shares to existing shareholders, a Malaysian newspaper reported on Saturday.

Bank Islam has sent out letters of invitation to its major shareholders including Kuala Lumpur-listed BIMB Holdings (BIMB.KL) and Dubai Islamic Investment Group to participate in the cash call, Bank Islam Managing Director Zukri Samat was quoted as saying.

Zukri said the fundraising plan has been approved by Bank Islam’s board, which consists of four representatives from Dubai Islamic.

Dubai Islamic has a 40 percent stake in Bank Islam while Tabung Haji, the Malaysian pilgrims fund, owns the remaining 9 percent.

BIMB, which owns 51 percent of Bank Islam, will give its full support to Bank Islam’s fundraising exercise, said BIMB Group Managing Director Johan Abdullah.

“Bank Islam is our subsidiary and we want to strengthen its balance sheet,” Johan was quoted by the newspaper as saying.

($1=3.613 Malaysian Ringgit)

IFC All Set To Make Investment In Chinese Firm Honiton Energy

The International Finance Corporation (IFC), a member of the World Bank Group, has decided to provide both equity and debt to china-based wind energy developer, Honiton Energy Caymans Plc.

The Tanti Group, promoters of India’s top wind turbine maker Suzlon Energy Ltd, holds a 23.6% equity stake in Honiton Energy.

Honiton Energy plans to build up about 1,600 MW of wind energy capacity by the next three years (2012) in China’s Inner Mongolia region.

Moreover, it has commissioned 50 MW, and another 100 MW is under development.

As per data available on IFC’s official website, the expenditure of the next two project stages is figured at $160 million, and the growth of around 550 MW by the next few years is reckoned to cost $760 million.

IFC’s planned investments comprise an equity component of $40 million and different loan categories of up to $25 million and $75 million.

According to the IFC site, Honiton has received exclusive conditional rights to build up wind energy farms on five separate lands of Inner Mongolia Autonomous Region of approximately 2,155 sq km, with a prospective to generate 6,200 MW of wind energy and expecting investments of around $8 billion.

Arcapita Bank, a top investment firm headquartered in Bahrain, and Colossus Holdings, a Singapore-based holding company of the Tanti Group, entered into a joint venture and bought 90% stake in Honiton Energy in July 2008.

Both the associates plan to invest around $2 billion to develop 1,600 MW of wind energy capacity by 2012.

Suzlon has supplied the turbines for the first phase of Honiton’s wind farm at Bailingmiao.

REpower, a German wind turbine maker in which Suzlon is ready to buy a controlling stake, has a joint venture with Honiton to create 2 MW wind turbines.

IFC thinks that its investment in Honiton Energy, one of the first foreign private developers to deliver wind farms in China, will hearten other investors to take part in China’s wind energy segment.