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Invensys

Our view: Buy

Share price: 279.9p (-6.4p)

Invensys is not the company many remember from five years ago when the sprawling conglomerate beset by debts, profit warnings and job losses embarked on a huge restructuring programme. Now a lot leaner and fitter, it can look to the future with some confidence. Full-year numbers yesterday showed that operating profits rose 2 per cent to £248m, despite a slight decline in revenues at £2.2bn.

The business is split into three main divisions. A

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Jules Kroll Photograph: Eamonn Mccabe

The corporate investigator Jules Kroll, who founded the world’s paramount financial detective agency, is training his sights on the tainted credit ratings industry with a “sceptical” service expected to begin scrutinising investment instruments as early as July.

Renowned for his sleuthing expertise that ranged from corporate fraud probes to seeking Saddam Hussein’s hidden assets, Kroll sold his global security empire, Kroll Inc, to Marsh & McLennan six years ago and retired from the firm in 2008.

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WASHINGTON, May 22 /PRNewswire-USNewswire/ — Following is the daily “Profile America” feature from the U.S. Census Bureau:

(Logo: http://www.newscom.com/cgi-bin/prnh/20090226/CENSUSLOGO)

SATURDAY, MAY 22: BIFOCALS

Profile America — Saturday, May 22nd.  One of the most versatile and gifted people in American history announced the invention of bifocal eyeglasses this month in 1785.  Benjamin Franklin had been using one pair of glasses to read with and another for distant vision.  Ti

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The London market endured a rocky session as a round of short-covering and bargain-hunting rescued the FTSE 100 from a seven-month low last night.

The day began with gains but the benchmark soon gave way as the bears built on Thursday’s sell-off. The index swiftly veered below the 5,000 point mark for the first time since November last year, dropping as low as 4957 as traders sold out on persistent concern about the European debt crisis and fears of ever more intrusive regulatory moves.

The dip in the market’s appetite for risk was evident in movements in the bond markets, where yields on 10-year gilts, which tend to drop on signs of risk, neared their lowest levels in eight months.

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Its official: Facebook is the world’s third largest country.  Recently, Facebook announced that it has reached the 500 million registered user mark. 500 MILLION! In the world of membership organizations that’s a knee rattling, earth shaking, just staggering amount of people. It is now roughly equal to the largest mobile phone carrier in the world, China Mobile. As a point of reference, the largest US carrier is Verizon with a measly 90 million subscribers. Facebook is by far the largest website in terms of user base.

China and India own the largest populations in the world with over one billion people in each country. Facebook is number three. Almost double the size of the US, or at least headed there. As r

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