| Russia's Medvedev set for presidency
Two hours after voting finished, a smiling Medvedev walked out of the Kremlin gates alongside Putin and the two men took to the stage at a celebratory concert on Red Square. "The elections have taken place and our candidate, Dmitry Anatolyevich Medvedev, has a confident lead," the Russian leader said to chants of "Putin! Putin!" from the crowd. "The elections were in strict accordance with the constitution." Medvedev, dressed in a black leather jacket and blue jeans, promised to stay true to his mentor's policies. .
Univision Battle With Televisa Places Programs in Jeopardy
A long-running feud between Univision Communications and the Mexican broadcaster that provides most of its programming is headed for a showdown in a federal court in Los Angeles. If Univision loses, it could see many of its prime-time shows yanked. While a dispute over royalty payments is the source of the current dispute, tensions between the two companies date back to bad blood between Univisions former chief, A. Jerrold Perenchio, and the late Emilio Azcarraga Milmo, who felt he got a bad deal in 1992 when the two men negotiated the original contract. If the Mexican company, Grupo Televisa, wins and pulls its programming, Univisions enterprise value could be chopped by more than $1 billion. The lawsuit centers on a program license agreement, or PLA, between Televisa, the dominant broadcaster in Mexico, and L.A.s Univision, the dominant Spanish-language TV network in the U.S.
Calming I-35W congestion
Last fall, Minneapolis was one of five cities selected to receive a $133 million federal grant under an Urban Partnership Agreement (UPA) for tolls, transit, technology and telecommuting on I-35W. The project would affect all of 35W from Downtown Minneapolis to the southern tip of Burnsville. New park- and-ride stations would pop up in the suburbs, toll lanes would be built on 35W from Richfield to Downtown, and Marquette and 2nd Avenues — two important Downtown corridors — would be completely reconstructed.In order to get the grant, however, the state must provide $55 million in matching funds by the end of this year’s legislative session, bringing the total budget to almost $190 Full Article .
'Ugly Monday' for shares
Rising interest rates and the latest surge in the Australian dollar will also weigh on the Australian share market. As such it remains a time for caution." However, shares should put on strong gains on a 12-month view, Dr Oliver said. He said valuations were attractive and lower U.S. interest rates should stimulate global growth next year. "As a result the next three to six months will provide very attractive buying opportunities." There is a big week ahead in terms of economic data, including the monthly inflation gauge today, retail trade figures tomorrow and the national accounts on Wednesday. The market also will be focusing on interest rates, with analysts tipping the Reserve Bank of Australia to lift rates by 0.25 percentage points on Tuesday.
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