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By CANDUS THOMSON and CANDUS THOMSON,SUN REPORTER | December 2, 2005
Days ahead of the original schedule and a little worse for wear, the Volvo Ocean Race boats are beginning to make port at the end of the first leg of their around-the-world competition. The Dutch boat, ABN Amro One, crossed the finish line yesterday in Cape Town, South Africa, at 7:24 a.m. Eastern Standard Time, covering 6,400 nautical miles in 19 days, 24 minutes and 2 seconds. "It's unbelievable to be here," said first-time Volvo skipper Mike Sanderson, who regrouped after a poor start in Vigo, Spain.
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BUSINESS
By New York Times News Service | May 30, 2007
LONDON -- The Royal Bank of Scotland Group and two other European banks made a formal $95.6 billion bid yesterday for ABN Amro, the Dutch bank at the center of a bidding war with Barclays. The bidders addressed concerns of shareholders by planning to set aside money for a possible lawsuit over the sale of LaSalle Bank, ABN Amro Holding NV's American unit, but have yet to resolve some regulatory and legal uncertainties. Royal Bank of Scotland and its two partners, Banco Santander Central Hispano of Spain and Fortis, the Belgian financial services group, offered 71.1 billion euros for ABN Amro, or 38.40 euros for each ABN share.
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SPORTS
By CANDUS THOMSON AND ANNIE LINSKEY and CANDUS THOMSON AND ANNIE LINSKEY,SUN REPORTERS | April 18, 2006
After more than two weeks without a proper shower, Mike Sanderson felt the welcoming spray he has come to expect over the five months of the around-the-world Volvo Ocean Race: mist from a massive bottle of champagne. Sanderson, the skipper of ABN Amro One, steered his boat across the finish line at Baltimore Light in Chesapeake Bay at 2:57 p.m. yesterday, completing the nearly 5,000-mile run from Rio de Janeiro, Brazil, that began April 2. The elapsed time was 15 days, 2 hours, 47 minutes and 52 seconds.
SPORTS
By CANDUS THOMSON and CANDUS THOMSON,SUN REPORTER | June 18, 2006
Hours before the first of the multimillion-dollar yachts in the Volvo Ocean Race crossed the finish line in Goteborg, Sweden, yesterday, seven months and five days after they started, race organizers removed any doubt about the competition's future. Not only will there be another global circumnavigation, but it will also return in three years, a break in the traditional four-year cycle, and include new ports of call. "This is an exciting time in the long and proud history of the Volvo Ocean Race," said Glenn Bourke, chief executive of the race, as he unveiled the outline for a bigger, bolder competition.
SPORTS
By CANDUS THOMSON and CANDUS THOMSON,SUN REPORTER | June 18, 2006
Hours before the first of the multimillion-dollar yachts in the Volvo Ocean Race crossed the finish line in Goteborg, Sweden, yesterday, seven months and five days after they started, race organizers removed any doubt about the competition's future. Not only will there be another global circumnavigation, but it will also return in three years, a break in the traditional four-year cycle, and include new ports of call. "This is an exciting time in the long and proud history of the Volvo Ocean Race," said Glenn Bourke, chief executive of the race, as he unveiled the outline for a bigger, bolder competition.
BUSINESS
By BLOOMBERG NEWS | January 5, 2006
WASHINGTON -- An American unit of ABN Amro Holding NV, the largest Dutch bank, agreed yesterday to pay $16.85 million and forgo $24.35 million in insurance claims to settle U.S. government findings the company mishandled federally insured loans. ABN Amro Mortgage Group Inc., which is based in Anne Arbor, Mich., falsified documents involving more than 28,000 loans insured by the Federal Housing Administration, said its parent agency, the Department of Housing and Urban Development. The findings underscore how the five-year boom in U.S. home construction and lending has spurred a rise in irregularities in mortgage finance, said Stephen Murphy, the U.S. attorney in Detroit who led the Justice Department investigation of the company.
SPORTS
By PAUL MCMULLEN and PAUL MCMULLEN,SUN REPORTER | May 19, 2006
Hans Horrevoets, who died early yesterday in the Atlantic Ocean after being swept overboard while trimming the spinnaker sheet on ABN Amro Two, was among the last sailors to sign on for the Volvo Ocean Race and made a strong impression during its recent three- week stopover in Baltimore and Annapolis. Horrevoets, a 32-year-old from the Netherlands, was the oldest crew member on the second Dutch entry in the seven-boat, around-the-world race. He was the only father on his crew, as he leaves behind a wife, Petra, and infant daughter, Bobbi.
FEATURES
By New York Times News Service | May 15, 1994
International passengers traveling through Amsterdam Airport Schiphol may now obtain value-added tax refunds there on purchases made in any of the 12 countries of the European Union. The airport is among the most recent to offer the service, which is also available at airports in other European cities.Formerly only departing passengers were able to collect their refunds, and only on merchandise bought in the Netherlands. The new arrangement allows even those who are just changing planes in Amsterdam to complete this transaction.
BUSINESS
By Bill Barnhart and Bill Barnhart,CHICAGO TRIBUNE | March 1, 1998
The 1999 launch of a single European currency, called the euro, poses several risks and opportunities for mutual fund investors with exposure to European stocks and bonds.The known risks are primarily in the short run; the known opportunities likely will be realized later.With stock prices at seven of the eight principal stock markets in Europe trading at record highs this month, it's clear that global investors as well as investors in Europe sense the promise that a more unified European economy will bring.
BUSINESS
By BLOOMBERG NEWS | May 21, 1998
U.S. stocks rose for a second day yesterday as investors snapped up shares of McDonald's Corp., PepsiCo Inc. and other consumer businesses with dependable earnings.That strategy came at the expense of Intel Corp., Microsoft Corp. and other computer-related stocks whose profits may suffer later this year from cutthroat competition in the technology industry. Computer shares have helped fuel a 15 percent rally in U.S. stocks this year.The Dow Jones industrial average surged 116.83, or 1.3 percent, to 9171.
SPORTS
By PAUL MCMULLEN and PAUL MCMULLEN,SUN REPORTER | May 19, 2006
Hans Horrevoets, who died early yesterday in the Atlantic Ocean after being swept overboard while trimming the spinnaker sheet on ABN Amro Two, was among the last sailors to sign on for the Volvo Ocean Race and made a strong impression during its recent three- week stopover in Baltimore and Annapolis. Horrevoets, a 32-year-old from the Netherlands, was the oldest crew member on the second Dutch entry in the seven-boat, around-the-world race. He was the only father on his crew, as he leaves behind a wife, Petra, and infant daughter, Bobbi.
SPORTS
By CANDUS THOMSON AND ANNIE LINSKEY and CANDUS THOMSON AND ANNIE LINSKEY,SUN REPORTERS | April 18, 2006
After more than two weeks without a proper shower, Mike Sanderson felt the welcoming spray he has come to expect over the five months of the around-the-world Volvo Ocean Race: mist from a massive bottle of champagne. Sanderson, the skipper of ABN Amro One, steered his boat across the finish line at Baltimore Light in Chesapeake Bay at 2:57 p.m. yesterday, completing the nearly 5,000-mile run from Rio de Janeiro, Brazil, that began April 2. The elapsed time was 15 days, 2 hours, 47 minutes and 52 seconds.
BUSINESS
By BLOOMBERG NEWS | January 5, 2006
WASHINGTON -- An American unit of ABN Amro Holding NV, the largest Dutch bank, agreed yesterday to pay $16.85 million and forgo $24.35 million in insurance claims to settle U.S. government findings the company mishandled federally insured loans. ABN Amro Mortgage Group Inc., which is based in Anne Arbor, Mich., falsified documents involving more than 28,000 loans insured by the Federal Housing Administration, said its parent agency, the Department of Housing and Urban Development. The findings underscore how the five-year boom in U.S. home construction and lending has spurred a rise in irregularities in mortgage finance, said Stephen Murphy, the U.S. attorney in Detroit who led the Justice Department investigation of the company.
SPORTS
By CANDUS THOMSON and CANDUS THOMSON,SUN REPORTER | December 2, 2005
Days ahead of the original schedule and a little worse for wear, the Volvo Ocean Race boats are beginning to make port at the end of the first leg of their around-the-world competition. The Dutch boat, ABN Amro One, crossed the finish line yesterday in Cape Town, South Africa, at 7:24 a.m. Eastern Standard Time, covering 6,400 nautical miles in 19 days, 24 minutes and 2 seconds. "It's unbelievable to be here," said first-time Volvo skipper Mike Sanderson, who regrouped after a poor start in Vigo, Spain.
SPORTS
By FROM STAFF REPORTS | March 12, 2004
A Netherlands-based corporation yesterday announced sponsorship of a two-boat team to compete in the next Volvo Ocean Race, which will begin in November 2005. ABN AMRO said it will invest the equivalent of about $24 million. "The Volvo Ocean Race, which visits almost all of the continents in which ABN AMRO has a presence, emerged as an ideal candidate" for marketing the company's various banking subsidiaries, said Tom de Swaan, member of the managing board. The two ABN AMRO boats join Telefonica, sponsored by a Spanish telecommunications company, as the only entries to date.
BUSINESS
By BLOOMBERG NEWS | May 21, 1998
U.S. stocks rose for a second day yesterday as investors snapped up shares of McDonald's Corp., PepsiCo Inc. and other consumer businesses with dependable earnings.That strategy came at the expense of Intel Corp., Microsoft Corp. and other computer-related stocks whose profits may suffer later this year from cutthroat competition in the technology industry. Computer shares have helped fuel a 15 percent rally in U.S. stocks this year.The Dow Jones industrial average surged 116.83, or 1.3 percent, to 9171.
BUSINESS
By New York Times News Service | May 30, 2007
LONDON -- The Royal Bank of Scotland Group and two other European banks made a formal $95.6 billion bid yesterday for ABN Amro, the Dutch bank at the center of a bidding war with Barclays. The bidders addressed concerns of shareholders by planning to set aside money for a possible lawsuit over the sale of LaSalle Bank, ABN Amro Holding NV's American unit, but have yet to resolve some regulatory and legal uncertainties. Royal Bank of Scotland and its two partners, Banco Santander Central Hispano of Spain and Fortis, the Belgian financial services group, offered 71.1 billion euros for ABN Amro, or 38.40 euros for each ABN share.
SPORTS
By FROM STAFF REPORTS | March 12, 2004
A Netherlands-based corporation yesterday announced sponsorship of a two-boat team to compete in the next Volvo Ocean Race, which will begin in November 2005. ABN AMRO said it will invest the equivalent of about $24 million. "The Volvo Ocean Race, which visits almost all of the continents in which ABN AMRO has a presence, emerged as an ideal candidate" for marketing the company's various banking subsidiaries, said Tom de Swaan, member of the managing board. The two ABN AMRO boats join Telefonica, sponsored by a Spanish telecommunications company, as the only entries to date.
BUSINESS
By Bill Barnhart and Bill Barnhart,CHICAGO TRIBUNE | March 1, 1998
The 1999 launch of a single European currency, called the euro, poses several risks and opportunities for mutual fund investors with exposure to European stocks and bonds.The known risks are primarily in the short run; the known opportunities likely will be realized later.With stock prices at seven of the eight principal stock markets in Europe trading at record highs this month, it's clear that global investors as well as investors in Europe sense the promise that a more unified European economy will bring.
FEATURES
By New York Times News Service | May 15, 1994
International passengers traveling through Amsterdam Airport Schiphol may now obtain value-added tax refunds there on purchases made in any of the 12 countries of the European Union. The airport is among the most recent to offer the service, which is also available at airports in other European cities.Formerly only departing passengers were able to collect their refunds, and only on merchandise bought in the Netherlands. The new arrangement allows even those who are just changing planes in Amsterdam to complete this transaction.
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