| NYMEX to Launch 11 New Balance of Month Petroleum Products Swap ...
NEW YORK, Nov. 20 /PRNewswire-FirstCall/ -- The New York Mercantile Exchange, Inc. today announced that it will introduce 11 new balance of month (BALMO) petroleum products swap futures contacts on NYMEX ClearPort clearing and trading, beginning on December 2 for trade date December 3. The new BALMO contracts will be cash-settled based on the balance of month average Platts price starting from the day of execution through the last trading day of the contract month. These contracts allow users to customize the balance of month period by selecting the start date of the BALMO averaging period. The first listed month will be the December 2007 contract, and the next contract month will be listed 10 business days before the start of the contract month. The new swap futures contracts and their commodity codes are: Singapore 180cst fuel oil BALMO (BS); Singapore 380cst fuel oil BALMO (BT); Singapore jet kerosene BALMO (BX); Singapore gasoil BALMO (VU); Singapore naphtha BALMO (KU); Dubai crude oil BALMO (BI); European 3.5% fuel oil (Northwest Europe) BALMO (KR); European 1% fuel oil (Northwest Europe) BALMO (KX); European naphtha BALMO (KZ); New York Harbor 1.0% fuel oil BALMO (VK); and Gulf Coast 3% fuel oil BALMO (VZ).
Radio Talk
Here are some technical feedback from a skeptical reader. I'm no technical expert so if anyone wants to challenge David, feel free: Mr. Ho —- A few salient points, requiring only a minimum of research, went missing from your piece on HD Radio: 1) Ibiquity made generous deals with the big radio station owners to get HD broadcasting equipment installed. In turn, radio station owners have additional avenues (i.e., stations or channels) for ad revenue without needing more bandwidth from the FCC. 2) Large radio station owners have proven time and again more stations does not equal more variety. In fact just last week the AJC ran a story on this very subject. True variety only happens when small stations are nourished, something the FCC in recent years has not encouraged.
Indian share prices close up 0.34pc
STOCK ON THE MOVE: Shaw Wallace & Co Ltd rose 1.05% to Rs 409.60 after its board approved merging the liquor firm with United Spirits Ltd, another company in the UB Group. United will allot four shares for every 17 Shaw Wallace shares
MUMBAI: Indian share prices closed up 0.34% on Thursday, trimming gains after regional markets surged on a powerful Wall Street rally overnight, dealers said. They said banking, power and property stocks rose as the market snapped two days of losses. The benchmark 30-share Sensex index closed up 64.39 points or 0.34% at 19,003.26, slipping sharply from the days peak of 19,297.01. Dealers said investors unwound positions at the expiry of the monthly futures trading contract on Thursday. Wall Streets rebound on hopes that the US Federal Reserve would cut rates again boosted Indian shares in early morning trade.
U-M basketball program needs more energy
He, however, needs full-fledged administrative support to make this goal a reality. What better way to show commitment to U-M's first-year coach and his program than to announce official plans and a timeline for Crisler Arena renovations and a practice facility? A great opportunity to do that passed the school by on Jan. 31, a home game against Minnesota that honored Crisler's 40-year anniversary. Cazzie Russell and several other former players were in attendance. You can bet all of those ex-Wolverines would like to know when talk will turn into actual construction. A few suggestions In fairness to Martin, his department and the university, there appears to be some momentum building. Crisler is at least becoming a regular topic of discussion when the focus isn't on football, Rich Rodriguez, the Michigan Stadium renovation or Terrelle Pryor.
Readers cling to their favorite pies, quiche
We asked readers to send us copies of their favorite recipes clipped from our paper. They didn't disappoint. "I've had this recipe which I found in the Ann Landers column since the 1960s," wrote Patricia Pellegrini of Orland Park, of the Best-Ever Lemon Pie with Never-fail Meringue. "It has yet to fail my or my family." The pie filling calls for 2 teaspoons of vinegar, which Pellegrini admits she found odd. "But then it proved to be delicious," she said. Mary Lou Cochran of Edison Park sent in a recipe for Zucchini Quiche, dated Jan. 8, 1981. Tarragon, celery seed and Parmesan add punch. "I recall making it for a brunch I gave for my daughter back in May 1985 when she left for Europe and her college roommate came to say 'Bon Voyage,' " Cochran wrote. "Can't beat a quiche for brunch." "Glad you asked," wrote Jamie Evins of Glencoe.
Denver Sports Teams
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JOHN HARWOOD
He has been around journalism and politics all his life; his first trip on a presidential campaign press plane came when he was 11 years old and accompanied his father, then a political reporter for the Washington Post. While still in high school, he began his journalism career as a copy boy at the Washington Star. He studied history and economics at Duke University and graduated magna cum laude in 1978. Harwood subsequently joined the St. Petersburg Times, reporting on police, investigative projects, local government and politics. Later he became state capital correspondent in Tallahassee, Washington correspondent and Political Editor. While covering national politics, he also traveled extensively to South Africa, where he covered deepening unrest against the apartheid regime.
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