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Further, while we are hopeful that, in aggregate, we are seeing a bottoming in activity levels, there is no convincing evidence that our North American markets will rebound meaningfully before year-end. In addition, European, Asian and, to a lesser extent, South American markets are beginning to decline in lagged response to the North American weakness.

Alexander Cutler

While tire pricing remains strong, high raw material prices and potentially weak high-margin markets (North American and European replacement truck tire markets) could provide offsets.

Joe not only stopped a continuing market share decline in one of our key North American markets, he reversed course and increased sales in the very competitive Canadian environment.

An American or European composer, for example, now has access to the music of various Asian, African, and South American cultures.

These results for the third quarter, traditionally our best, are the strongest results reported by any North American carrier for the period and reflect our ability to now achieve North American industry leading levels of profitability versus low cost carriers as well as legacy carriers,

The Canadian dollar appears to be the North American play, and the proxy for all things that are good in a North American economy with a commodity add-on.

Revenues associated with Asia appear to have fallen further from the depressed levels of the first half of the year. Worldwide agricultural markets are weaker than we anticipated, and we are also seeing a slowdown in our Latin American markets.

Before North American initiated non-stop service to Ghana, the only option for customers was a lengthy connection via a European hub. Our non-stop service has reduced the journey time to this part of West Africa by a minimum of eight hours. Our customers have been extremely supportive of North American Airlines as the only U.S. airline to fly scheduled service to Africa.

Record setting wet weather in key Western Canadian producing regions and industry activity levels in the North American oil and gas service sector have restricted access to land and equipment in an unprecedented way this year,

Bell isn't interested in that broad, U.S. TV coverage, so it's important for us to find a North American or Canadian company, hopefully, with a broad, North American focus.

Based on these criteria, the board concluded that the increased offer from (North American) was in the best interests of (Beverly) shareholders. As a result, (Beverly) has entered into an amendment to the original merger agreement with North American Senior Care.

The markets are deteriorating, and our company's performance even more so. Competition is brutal. North American manufacturers are under pressure from imports and an incentive war is on.

This past quarter, we successfully leveraged a robust North American capital markets environment to generate record revenue.

U.S. markets are closed for Martin Luther King Day so price action is expected to remain muted throughout the North American session.

The outlook for our capital markets, investment banking, and wealth management businesses remains positive, driven by expectations for moderate growth in the North American economy and continued strength in equity markets. Merchant banking revenue is expected to be lower than in 2005 as we have significantly reduced the size of the portfolio.

Gerald T. McCaughey

Nordsprog.dk

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Denna sidan visar ordspråk som liknar "Further, while we are hopeful that, in aggregate, we are seeing a bottoming in activity levels, there is no convincing evidence that our North American markets will rebound meaningfully before year-end. In addition, European, Asian and, to a lesser extent, South American markets are beginning to decline in lagged response to the North American weakness.".