"I went to Insein Prison to be one of the five defense lawyers for Daw Aung San Suu Kyi, and they issued the order the next day," Aung Thein told Reuters.Critics of the regime have denounced the trial of Suu Kyi and two female companions, due to start on Monday, on charges stemming from the mysterious visit of an American intruder who was arrested after he claimed to have spent two days at her lakeside home in Yangon.Suu Kyi, 63, faces up to five years in jail if convicted.Her lawyers insist she is innocent and did not invite U.S. YANGON (Reuters) - Myanmar's junta has barred a prominent activist lawyer from defending opposition leader Aung San Suu Kyi, as pressure intensifies on the regime to drop new charges against the Nobel Peace laureate. WorldAung Thein said the order revoking his license was issued on Friday, a day after a prison court charged Suu Kyi with breaking the conditions of her nearly six-year house arrest, which is due to expire on May 27. On Friday, oil prices fell nearly 4 percent toward $56 a barrel.Saudi Arabia, which relies on oil export revenues for more than 80 percent of total state revenues, is expecting its first budget deficit in years in 2009 as it keeps spending high.The IMF said last week the economy faced a contraction of 0.9 percent as growth in non-oil sectors partly offset a decline in oil output.SABIC is currently executing projects in the kingdom worth 12 billion Saudi riyals ($3.20 billion) that aim to add 623,000 tonnes per year to its overall capacity.(Editing by Daliah Merzaban in Dubai) Saudi Arabia. It swung to a worse-than-expected loss in the first quarter as it took a hit from a downturn in prices for petrochemicals and metals.The world's largest oil exporter has said oil at $75 was a fair price that would enable the kingdom to fund a $400 billion public spending spree for the next five years."Economists are divided over whether we have hit the bottom and we hope we have," Prince Saud said.SABIC benefits from lower feedstock prices than its global peers, which analysts said would help offset the downturn.Oil prices slumped to the mid-$30 range earlier this year, a quarter of peak levels last July. H1N1 flu has now killed 65 people in 34 countries, the WHO has said.(Editing by Sanjeev Miglani) Swine Flu.
SWEIMEH, Jordan (Reuters) - Saudi Basic Industries Corp 2010.SE (SABIC) was coping better than other petrochemical companies with a global recession because Saudi Arabia will not be as badly hit, its chairman said on Saturday. Saudi ArabiaPrince Saud bin Abdullah bin Thenayan also reiterated that an oil price at $70-$75 was necessary to help the kingdom sustain investments in petrochemicals."The impact of the crisis is very clear while SABIC has been affected like others it's better placed than other petrochemical firms to weather the crisis due to the economics of the industry in Saudi Arabia and our business model," Prince Saud said.He made the comments to Reuters on the sidelines of the World Economic Forum at the Dead Sea, Jordan.SABIC is the Arab world's largest company and a yardstick for the performance of global petrochemical firms. "He took the Emirates flight, came in to Hyderabad from Dubai on the 13th morning."The World Health Organization (WHO) has said that some 7,500 people have been infected with the influenza strain that is a mixture of swine, bird and human viruses. NEW DELHI (Reuters) - India's health ministry on Saturday confirmed its first case of the H1N1 flu in the southern city of Hyderabad Swine Flu"He is an Indian. He was identified at the screening at the airport and was quarantined, and his samples were drawn and they have tested positive," said Vineet Choudhary, joint secretary, health ministry.The man was traveling from the United States via Dubai to Hyderabad, Choudhary said, adding those close to the man had been isolated and their health was being monitored.His co-passengers on the flight to India were also being tracked down."There is a person who had come in from the U.S." Choudhary said.
Kyle, Chief Financial Officer, +1-919-845-4013,; James J. Hilty, Vice President, Business Development,+1-919-845-4007, , both of Sensus. CONSOLIDATED STATEMENTS OF OPERATIONS (in millions)Fiscal Quarter Fiscal QuarterEnded March 31,Ended March 31, 2009 2008NET SALES $169.0 $184.8COST OF SALES129.9132.1GROSS PROFIT39.1 52.7OPERATING EXPENSES:Selling, general and administrative expenses 35.3 31.7Restructuring costs1.74.5Amortization of intangible assets2.93.5Impairment of goodwill14.4-Other operating expense, net 0.50.8OPERATING (LOSS) INCOME(15.7)12.2NON-OPERATING EXPENSE:Interest expense, net (9.6) (10.4)Other expense, net(0.2)(1.1)(LOSS) INCOME BEFORE INCOME TAXES ANDMINORITY INTEREST(25.5) 0.7(BENEFIT) PROVISION FOR INCOME TAXES(7.4) 0.8LOSS BEFORE MINORITY INTEREST(18.1)(0.1)MINORITY INTEREST (0.6)(0.5)NET LOSS$(18.7) $(0.6)SENSUS METERING SYSTEMS (BERMUDA 2) LTD. These measureshelp our management and investors to better quantify the growth of our AMItechnology solutions business. However, these metrics for measuring theCompany's financial results may be different from comparable informationprovided by other companies and should not be used as an alternative to theCompany's operating and other financial information as determined under U.S.GAAP.A reconciliation of each of these non-GAAP measures to its most closelyrelated U.S. Managementbelieves these measures provide useful information for investors in trending,analyzing and benchmarking the performance and value of the business.Internally these measures are used in our incentive compensation plans.Management believes that these non-GAAP financial measures provide meaningfulsupplemental information regarding our performance by adjusting for certainitems that may not be indicative of our recurring core operating results.Management also believes that Adjusted Net Sales and Adjusted EBITDA provideimportant performance measures to our management and investors because theyreflect customer billings (net of related incremental costs, in the case ofAdjusted EBITDA) which we are required to defer under SOP 97-2.
To enhance the comparability and usefulness of its financialinformation, the Company provides certain non-GAAP measures to describe morefully the results of its underlying business. GAAP for income statementrecognition purposes and amortized ratably over the life of the contracts.This deferral has no impact on cash flow since billings to customers occur asthe network infrastructure and related endpoints are deployed and theassociated costs are incurred, generally over the first several years of thecontract term. Due to the significant advanced technology andsoftware and the absence of stand-alone customer support sales prices,customer billings and incremental direct costs related to these contracts arerequired to be deferred in accordance with U.S. Thesecontracts, which extend up to 20 years and cover 7.9 million electric and gasendpoints, contain significant hardware and software components as well asongoing customer support. Other important risks that could causeactual events or results to differ from those contained or implied in theforward-looking statements include, without limitation, the Company's abilityto integrate acquired companies, general economic and business conditions,competition, adverse changes in the regulatory or legislative environment inwhich the Company operates, customer cancellations and other factors beyondthe Company's control.(1) Non-GAAP Measures During the fourth quarter of fiscal 2009, Sensus Metering Systems continuedthe deployment of its new, advanced FlexNet(R) AMI solutions under contractsexecuted with several North American electric and gas utilities. These risks, some of which are discussed under the caption "RiskFactors" in the Company's Annual Report on Form 10-K (SEC File No.