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France Telecom looks to increase Meditel stake

first_imgTuesday 21 September 2010 8:22 pm France Telecom looks to increase Meditel stake KCS-content Tags: NULL FRANCE Telecom’s chief executive Stéphane Richard said yesterday he aims to increase his company’s newly-acquired stake in Moroccan telecoms operator Meditel to 49 per cent by 2015. Speaking at a news conference in the Moroccan capital to announce France Telecom’s acquisition of a 40 per cent stake in Meditel for €640m (£542m), Richard also said there was a plan to list Meditel shares on the Casablanca stock exchange next year.Anas Alami, chief executive of Moroccan state investment vehicle and Meditel shareholder CDG, said details of the listing would depend on market conditions. The deal is the first acquisition since Stéphane Richard took over as chief executive of the company in March and puts France Telecom in direct competition with Vivendi, its domestic rival, which owns 51 per cent of Maroc Telecom – Morocco’s largest provider. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com whatsappcenter_img Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo whatsapp Show Comments ▼last_img read more

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JOHNSON VS OSBORNE: ROUND 1

first_imgTuesday 12 October 2010 9:17 pm Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapp Share KCS-content NEW shadow chancellor Alan Johnson laughed off his poor knowledge of economics in his first exchange with George Osborne at Treasury Questions yesterday. While Osborne quipped that he hoped Johnson spends longer as shadow chancellor than he did, Johnson attacked Osborne’s Budget proposals for public spending cuts as “entirely wrong” and claimed the deficit was “unavoidable to avoid financial meltdown”. JOHNSON VS OSBORNE: ROUND 1 whatsapp Tags: NULLlast_img read more

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ECB’s Trichet rejects view of Weber on bond buying

first_imgSunday 17 October 2010 11:04 pm Show Comments ▼ ECB’s Trichet rejects view of Weber on bond buying Share whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrapcenter_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat News EUROPEAN Central Bank (ECB) president Jean-Claude Trichet has taken issue with recent comments on ECB policy by Bundesbank chief Axel Weber, saying they did not represent the views of the central bank’s governing council.In an interview with an Italian newspaper yesterday, Trichet said the governing council as a whole did not agree with Weber’s remark last week that the ECB’s government bond-buying programme had not worked and should be scrapped.“No! This is not the position of the Governing Council, with an overwhelming majority,” he said, according to an English transcript of the interview published on the ECB’s website. “This non-standard measure, like all other such measures, was designed to help restore a more normal functioning of our monetary policy transmission mechanism. And we are withdrawing all the liquidity, euro for euro, that is supplied through this programme,” he said.He also struck a less hawkish note on interest rate policy than Weber, an influential member of the governing council and one of the top candidates to take over when Trichet’s own ECB term expires next year. Tags: NULLlast_img read more

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Thorntons unveils new boss

first_img Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Wednesday 3 November 2010 9:30 pm Tags: NULL CHOCOLATE retailer Thorntons has appointed Caffé Nero managing director Jonathan Hart as its new chief executive.Hart will take up his post on 4 January and will be charged with restoring momentum to the confectioner’s high street operations, which have suffered from falling sales in recent months.During five years with Caffé Nero, he doubled the coffee chain’s high street presence to more than 400 stores. Hart spent more than a decade with Dixons Group and also worked as an executive at Woolworths.“Jonathan brings a wealth of relevant experience to Thorntons from the retail and consumer goods sectors,” said Thorntons chairman John von Spreckelsen.“He has an impressive track record in successfully running a number of multi-channel businesses, including concessions, and a proven track record in the development of retail format strategies, new product development and launches.”Caffé Nero saw revenue of £153.6m for the year to the end of May under Hart.Meanwhile, Thorntons had issued a profits warning in April and announced that chief executive Mike Davies would be stepping down. The Derby-based company has been forced to shed staff after a series of poor results.Finance chief Mark Robson had been running the Thorntons business. He will revert to his old job once Hart arrives in January. Thorntons today has a £180m turnover of nearly 400 shops and cafes and around 200 franchises.It is the UK’S largest independent chocolate and confectionery firm after Kraft took over Cadbury.JONATHAN HARTINCOMING CHIEF EXECUTIVE OF THORNTONSJONATHAN Hart previously worked at Caffe Nero as managing director, where he was part of the small team which completed the management buyout of the chain in early 2007. Prior to his appointment at Caffe Nero, Hart held a number of substantial retail jobs including at Dixons, Woolworths and Tesco as well as being managing director at Abbey National and chief executive of ITM Communications. At Dixons he introduced satellite TV and consumer PCs, developed the Dixons Tax-Free format, created The Link, lead a green-field e-commerce start-up in Paris and latterly as group managing director managed all of the group’s high street businesses. At Woolworths he developed the group’s out-of-town business and at Abbey ran the banking retail network.“Jonathan has an impressive track record in successfully running a number of multi channel businesses,” says Georgina Hall, a spokeswoman for Thorntons.“He has experience in managing and driving improvements and there are a number of significant direct comparisons between the challenges of operating the small retail unit sizes at Caffè Nero and in Thorntons, as well as a comparable retail brand proposition of mass premium.” whatsapp whatsapp Show Comments ▼ KCS-content Thorntons unveils new boss last_img read more

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Lord Young kicks off entrepreneur week

first_imgSunday 14 November 2010 10:03 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm LORD Young is set to deliver one of his first major speeches as prime minister David Cameron’s new enterprise adviser, after the launch today of Global Entrepreneurship Week.The peer, who was employment and trade secretary as well as president of the board of trade in Margaret Thatcher’s government, was unveiled as the government’s new “Enterprise Tsar” earlier this month, taking over from Lord Sugar, of The Apprentice fame. Prime Minister David Cameron has tasked him with producing a “brutally honest” report on how red tape affects small companies.Lord Young, who is also the prime minister’s adviser on health and safety, will be speaking at the Institute of Directors headquarters in central London tomorrow.Global Entrepreneurship Week 2010, which is set to be launched at Google’s UK headquarters with a speech from Dragon’s Den businessman Peter Jones, is an annual event encouraging entrepreneurship. The event, founded by Enterprise UK in 2004, now takes place in 101 countries, with over 8m participants.Prime Minister David Cameron said of the week: “Global Entrepreneurship Week is a fantastic opportunity for us to inspire the innovators and entrepreneurs in our country – and in the current economic climate that is incredibly important. The future of our economy depends on a new generation of entrepreneurs coming up with ideas, resolving to make them a reality and having the vision to create wealth and jobs.”Lord Young said when he was appointed that British firms should be able to become prosperous through better government support from officials. Lord Young kicks off entrepreneur week whatsapp whatsappcenter_img Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comConnecticut man dies after crashing Harley into live bearnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Show Comments ▼ Share KCS-content last_img read more

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Deutsche Bahn sells Arriva ops

first_imgTuesday 7 December 2010 8:32 pm Deutsche Bahn sells Arriva ops Share whatsapp KCS-content Show Comments ▼ Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof whatsapp Tags: NULL German state railway Deutsche Bahn (DB) is off-loading the German transport operations of UK bus and train group Arriva to a consortium led by Italian national railway Trenitalia for about £143.3m, it emerged yesterday. DB is selling the business to the consortium, which is also understood to include Luxembourg infrastructure fund Cube, under EU?competition rules imposed when it bought Arriva this year. DB declined to comment on the disposal before today’s meeting of its supervisory board, which must approve the deal. last_img read more

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ITV to join the BBC at the new MediaCity development in Salford

first_img whatsapp KCS-content ITV will join the BBC at the new MediaCity development in Salford Quays, it announced yesterday.The firm says the move shows its commitment to production in the north west.It thrashed out the deal with John Whittaker’s Peel Group, the firm locked in a power struggle over the Trafford Centre in Manchester.ITV chief executive Adam Crozier said: “It’s terrific news for ITV and all of our people based in Manchester that we have agreed this deal with Peel Media.“For our transformation plan which is focused on growing our national and international production and broadcasting business, it is vital that we have a modern, fit-for-purpose, creative hub outside of London.”ITV’s investment will include a bespoke production and studio centre for Coronation Street.Meanwhile, the BBC yesterday finally took control of its new Broadcasting House development.The £1bn development will house BBC News, World Service, radio news, television news and online news in the same building for the first time.The building by Regent Street. Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof ITV to join the BBC at the new MediaCity development in Salford whatsapp Thursday 16 December 2010 7:48 pm Share Show Comments ▼last_img read more

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Fund manager loses twinkle

first_img Show Comments ▼ whatsapp whatsapp KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Share Fund manager loses twinkle Sunday 19 December 2010 9:59 pm Tags: NULL JUST under one year ago, Roger Guy and Guillaume Rambourg were crowned fund managers of the year at a swanky black tie gala at London’s Grosvenor House Hotel. Six months later their worlds fell apart. Rambourg quit, followed last month by Roger Guy. Three others have also handed in their notice. An exodus of top talent on this scale would be a disaster for any firm, but it has proven near-fatal for Gartmore. Its shares have lost more than half their value since the firm listed in January, and investors will likely have to accept even less if they want to get out fast. It is said that Guy quit because he was unhappy with the handling of an internal probe into Rambourg (who is still being investigated by the FSA). Whatever the reason, it serves as a cautionary tale to those fund management firms who rely on a handful of star managers. In 2006, Rambourg and Guy were responsible for some 40 per cent of revenues, a figure that had fallen to 20 per cent by the time of Rambourg’s departure (thanks to a hiring spree in 2009). But that was still too high.Star fund managers are not uncommon; Tony Nutt runs 18 per cent of Jupiter’s funds. But Nutt is still ensconced, while Gartmore – and its investors – will be left with little other than clichés about eggs and baskets. last_img read more

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CBI: Rate rise in spring 2011

first_img whatsapp Show Comments ▼ BRITISH GDP will expand by two per cent next year before accelerating to 2.4 per cent growth in 2012, the Confederation of British Industry (CBI) said today.Rising inflation will force the Bank of England to increase rates as early as spring, the CBI predicts.“The persistent strength of energy and commodity prices is a growing concern for inflation,” said CBI chief economic adviser Ian McCafferty. “This makes it more likely that the Bank of England will need to start pulling back from record low interest rates earlier, rather than later, next year.”Monetary stimulus will be withdrawn faster towards the second half of 2012, the CBI said. The business group expects rates to hit 2.75 per cent by the final quarter of 2012.Despite a negative impact from January’s VAT rise, the CBI expects the economy to pick up in the second half of next year.The picture of recovery is similar to forecasts made by the Office for Budget Responsibility (OBR) last month. The OBR anticipates a 2.1 per cent rise in GDP next year, rising to 2.6 per cent in 2012.However, rates of growth should be greater during the third year of recovery, McCafferty said. “Real incomes will be hit further next year, unemployment is not expected to fall very quickly in 2012, and households will most likely face higher mortgage interest rates,” he added.The economy will need to rebalance as government spending is reduced and consumer spending continues to be squeezed, the CBI said, and more emphasis will fall on business investment and net trade.The group expects the government deficit to fall to £95bn in 2012-13. KCS-content Sunday 19 December 2010 10:41 pm Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof CBI: Rate rise in spring 2011 whatsapp Tags: NULLlast_img read more

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Banker linked to F1 arrested

first_img Banker linked to F1 arrested Share KCS-content whatsapp A former German bank executive has been arrested for allegedly accepting a $50m (£32m) kickback in the 2006 sale of a large stake in the Formula One’s rights holding company, German prosecutors said yesterday. The former risk manager of regional public-sector bank BayernLB was taken into custody on charges of corruption, tax fraud and breach of trust toward his former employer, prosecutors in Munich said in a statement. Gerhard Gribkowsky was in charge of managing the sale of the bank’s F1 stake to London-based buyout group CVC Capital Investment. Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Wednesday 5 January 2011 9:28 pm Show Comments ▼last_img read more

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