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Signs of the Times for Tue, 17 Oct 2006

By James Vicini and Susan Heavey
Reuters
Mon Oct 16, 2006
WASHINGTON - Former Food and Drug Administration Commissioner Lester Crawford, who resigned last year, will plead guilty to two counts of misdemeanor over his ownership of stock in companies regulated by the agency, his lawyer said on Monday.

Crawford is scheduled to appear in court on Tuesday to face charges that he made false statements and violated conflict-of-interest law, according to court documents filed earlier on Monday.

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By Tony Munroe and Jerker Hellstrom
Reuters
Tue Oct 17, 2006
HONG KONG/SHANGHAI - Wal-Mart Stores Inc. has agreed to buy a Chinese hypermarket chain for about $1 billion to become the top foreign player in China's fragmented retail market, a source familiar with the situation said on Tuesday.

If approved by Chinese regulators, the deal to buy Trust-Mart, a closely held Taiwan company with 100 supercenters in China, would push Wal-Mart past Carrefour SA for the most supercenters in China, Asia's second-biggest retail market.

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Created: 17.10.2006 12:28 MSK (GMT +3), Updated: 12:28 MSK
MosNews
Russian police and financial intelligence service have uncovered a criminal community that laundered about $7 billion in 2004 and 2005, the RIA-Novosti news agency reported on Tuesday, quoting a release by the Interior Ministry's Directorate for Fighting Economic Crime.

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Mail On Sunday
15th October 2006
Britain's booming speed camera network is at the centre of a giant 'scam' aimed at making 'buckets of money' for the Government, the boss of a leading supplier of the devices has admitted.

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PARIS, Oct 16, 2006 (AFP)
Pin-ball, table-football and billiards are to come to the rescue of French bars and cafes hit by an imminent smoking ban, under a tax reform announced Monday by the government.

From next year a flat annual payment to the treasury of EUR 5 will replace a variable municipal levy that could be nearly 80 times that and which has led to the steady disappearance of traditional games from bars and cafes.

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