UE plans to launch rival bid for WBL Corp






SINGAPORE: Another corporate fight is brewing as property and engineering group United Engineers plans to launch a rival bid for WBL Corp at S$4 a share.

United Engineers said the company's growth has reached its peak after the property and construction firm raked in record revenue of S$1.19 billion in 2011.

The company is now looking for more recurring income.

To do that, United Engineers said it has to look beyond its home ground in Singapore for inorganic growth.

That is why it has offered to buy the remaining 61.7 per cent of WBL Corp that it does not own for S$687 million in an all-cash offer.

Jackson Yap, group managing director and chief executive officer of United Engineers Limited, said: "In property development, the earnings could be quite lumpy. When you have the project finishing, you have a spike in your earnings. So we are trying to spread it out and have a more recurring income.

"The auto business offers us that opportunity. It is a great business. We have seen quite good growth for them. We think that that is one of our core businesses if we are looking to take over."

United Engineers is eyeing on WBL Corp's business outside Singapore, particularly in China.

These include automotive, property development, technology and engineering.

Jack Wang from Lexico Advisory said there could be lucrative spin-offs if the acquisition is successful.

Mr Wang said: "You are not just buying one company. You are actually buying three segments of the business which I think if anyone is confident of about the fundamentals, you can spin-off some of the business, and you can get lots of value out of it."

United Engineers has the support from WBL Corp's major shareholders which include OCBC Group, Great Eastern, and the Lee Family.

Together they hold 38.3 per cent stake in WBL Corp.

United Engineers said it will fund the acquisition by internal funds and external borrowings.

WBL Corp's shares were halted for trading on Wednesday. Its shares last traded at S$4.20 apiece.

Major shareholder Straits Trading with some 44.6 per cent stake in WBL Corp has not commented on United Engineers' latest offer.

- CNA/fa



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Giffords to Senate: 'Americans Are Counting on You'













Former congresswoman Gabrielle Giffords, whose congressional career was ended by a bullet wound to her head, opened a Senate hearing on gun violence today by telling the panel, "Speaking is difficult, but I need to say something important."


She told the Senate to be "courageous" because "Americans are counting on you."


Giffords sat alongside her astronaut husband Mark Kelly as she delivered her emotional statement just over a minute long imploring Congress to act on gun policy.


"This is an important conversation for our children, for our communities, for Democrats, and Republicans," the former Arizona congresswoman said. "Speaking is difficult but I need to say something important: Violence is a big problem too many children are dying. Too many children. We must do something. It will be hard, but the time is now. You must act. Be bold, be courageous, Americans are counting on you. Thank you," Giffords said before being helped out of the hearing room.


Giffords was shot by a gunman in her Arizona district two years ago, and was a last-minute addition to the hearing about the nation's gun laws as lawmakers grapple with how to curb gun violence in the wake of the Sandy Hook Elementary school tragedy that left 20 children and six adults dead late last year.


Today's hearing is a showdown on guns, featuring two powerful but conflicting forces in the gun control movement. Giffords' husband will also testify, as will Wayne LaPierre, the fiery executive vice president and CEO of the National Rifle Association.


They will testify before the Senate Judiciary Committee today in the first congressional hearing on gun violence since the deadly shooting at Sandy Hook Elementary School in Newtown, Conn. last month.








Newtown Families Join March on Washington Demanding Gun Control Watch Video









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Texas Man Allegedly Opens Fire After Being 'Bumped Into' Watch Video





Giffords has recently launched Americans for Responsible Solutions, an organization promoting the implementation of universal background checks and limits on high capacity magazines.


"Overwhelmingly, you told us that universal background checks and limiting access to high capacity magazines were top priorities, and I'll make sure to address each of those ideas in my opening remarks," Kelly wrote in an email to supporters Tuesday. Kelly asked the group's allies to sign a petition calling on Congress to pass legislation on both issues.


LaPierre, who states the NRA's opposition to universal background checks and urges legislators not to "blame" legal gun owners by enacting new gun control laws.


"Law-abiding gun owners will not accept blame for the acts of violent or deranged criminals. Nor do we believe the government should dictate what we can lawfully own and use to protect our families," LaPierre was to say Wednesday, according to prepared remarks released by the NRA.


"Proposing more gun control laws -- while failing to enforce the thousands we already have -- is not a serious solution to reducing crime," says LaPierre in his prepared text.


In the wake of the Newtown shooting, the NRA advocated placing armed security guards in every school in America, an initiative LaPierre will promote in Wednesday's hearing, arguing that "it's time to throw an immediate blanket of security around our children."


In an interview with ABC News' Diane Sawyer earlier this month, Kelly and Giffords said they hope the Sandy Hook shooting, in which 20 children and seven adults died, will spur legislative action on gun policy.


Today's hearing is the first meeting ever for Kelly and LaPierre, according to an interview Kelly gave to CNN Tuesday. Kelly, who has shot at an NRA practice range with his wife, noted that he is a gun enthusiast but is not a member of the NRA.


"You would think with my background I would be a member of the NRA. I own a gun. I recently bought a hunting rifle a few months ago. I went through a background check. It took I think about 20 minutes. It's a small price to pay to make us safer. We're not going to stop every one of these mass shootings. We're not going to stop every murder with a handgun in our cities, but I think we'd go a long way to reducing the violence and preventing some," Kelly told CNN.






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Why haven't we learned from fires?






STORY HIGHLIGHTS


  • Pyrotechnics, overcrowding, poor exits have contributed to tragic fires in recent years

  • You would think the world would have learned from past incidents, John Barylick says

  • Concertgoers have to be their own fire marshals, he says




Editor's note: John Barylick, author of "Killer Show," a book on the 2003 Station nightclub fire in Rhode Island, is an attorney who represented victims in wrongful death and personal injury cases arising from the fire.


(CNN) -- Sunday morning we awoke to breaking news of another tragic nightclub fire, this time in Brazil. At last report the death toll exceeded 230.


This tragedy is not without precedent. Next month will mark the 10th anniversary of a similar nightclub fire in Rhode Island. At this sad time, it's appropriate to reflect on what we've learned from club fires -- and what we haven't.


Rhode Island's Station nightclub fire of 2003, in which 100 concertgoers lost their lives, began when fireworks set off by Great White, an 80s heavy metal band, ignited flammable packing foam on the club's walls.


Deadly blazes: Nightclub tragedies in recent history



John Barylick

John Barylick





Panicked patrons stampeded toward the club's main exit, and a fatal pileup ensued. Contributing to the tragedy were illegal use of pyrotechnics, overcrowding and a wall covering that would have failed even the most rudimentary flammability tests.


Video images of the Station fire were broadcast worldwide: A concert begins; the crowd's mood changes from merry, to curious, to concerned, to horrified -- in less than a minute. You'd think the world would have learned from it. You would be wrong.



The following year, the Republica Cromanon nightclub in Argentina went up in flames, killing 194 people. The club was made to hold about 1,000 people, but it was estimated that more than 3,000 fans were packed inside the night of the fire, which began when fans began lighting flares that caught the roof on fire.


Echoes of the past: Rhode Island victims 'can't help but watch'


Then, in January 2009, at least 64 New Year's revelers lost their lives in a nightclub in Bangkok, Thailand, after fire ignited its ceiling. Many were crushed in a rush to get out of the club. In December of that same year, a fire in a Russian nightclub, ignited by pyrotechnics, killed 156 people. Overcrowding, poor exits, and indoor fireworks all played roles in these tragedies; yet no one bothered to learn from mistakes of the past.


While responsibility for concert disasters unquestionably lies with venue operators, performers and promoters, ultimately, we, as patrons of clubs and concerts, can enhance our own safety by taking a few simple steps. The National Fire Protection Association urges concertgoers to:


• Be observant. Is the concert venue rundown or well-maintained? Does the staff look well-trained?


• As you proceed to your seat, observe how long the process takes. Could you reverse it in a hurry? Do you pass through pinch points? Is furniture in the way?


• Once seated, take note of the nearest exit. (In an emergency, most people try to exit by the door they entered, which is usually not the closest, and is always overcrowded.) Then, share the location of that nearest exit with your entire party. Agree that at the first sign of trouble, you will all proceed to it without delay.


• Once the show begins, remain vigilant. If you think there's a problem, LEAVE IMMEDIATELY. Do not stay to "get your money's worth" despite concerns about safety. Do not remain to locate that jacket or bag you placed somewhere. No concert is worth your life. Better to read about an incident the next day than be counted as one of its statistics.


Read more: How to protect yourself in a crowd


To be sure, all fire codes must be vigorously enforced, and club and concert hall operators must be held to the highest standards. A first step is banning indoor pyrotechnics in all but the largest, stadium-type venues.


But, ultimately, we are our own best "fire marshals" when it comes to avoiding, and escaping, dangerous situations. We can still enjoy shows. But it is up to us to look out for our own safety.


In coming days, Rhode Islanders will follow the unfolding news from Brazil with a sense of queasy deja vu -- the rising body counts, the victim identification process, the grieving families, and the assigning (and dodging) of blame. If only they had learned from our tragedy.


Eerie sounds of cell phones amid disaster adds to first-responder toll


The opinions expressed in this commentary are solely those of John Barylick.







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US Senate committee approves Kerry nomination

 





WASHINGTON: Senator John Kerry easily cleared the first hurdle of his confirmation as the next secretary of state Tuesday with a unanimous vote of approval by the Senate Foreign Relations Committee.

Kerry, President Barack Obama's pick to replace Hillary Clinton as the nation's top diplomat, must still be confirmed by a vote of the full Senate later in the day, but that was expected to be a shoo in.

His colleagues on the Senate Foreign Relations Committee, which Kerry chairs, gave him a unanimous vote of approval, with Republicans joining Democrats.

Kerry, who did not vote, said he was "humbled" and gratified.

"They've been wonderful, they've been really superb," he said of his colleagues on the committee, adding, "I'm very wistful about it, it's not easy" leaving.

- AFP/fa




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Report: A-Rod, Cruz, Gonzalez linked to PED probe

New York Yankees' $275 million man Alex Rodriguez, Washington Nationals All-Star Gio Gonzalez and Texas Rangers slugger Nelson Cruz are among the players connected to performance-enhancing drugs in a new investigative report by the Miami New Times.

A former employee of a South Florida clinic called Biogenesis gave the Miami New Times "an extraordinary batch of records" showing athletes received various substances from Anthony Bosch, the clinic's chief who is already under investigation by Major League Baseball and the Drug Enforcement Administration, as CBSSports.com reported. At least one boxer, one tennis player and a coach were also implicated.

The report outlines "damning evidence" against A-Rod as his name appears in Biogenesis records up until 2012. Rodriguez, who finally admitted to taking PEDs in 2009, claims he has been clean for a decade. An excerpt of the report on A-Rod reads:

There, at number seven on the list, is Alex Rodriguez. He paid $3,500, Bosch notes. Below that, he writes, "1.5/1.5 HGH (sports perf.) creams test., glut., MIC, supplement, sports perf. Diet." HGH, of course, is banned in baseball, as are testosterone creams...."

The mentions of Rodriguez begin in 2009 and continue all the way through last season. Take a page in another notebook, which is labeled "2012" and looks to have been written last spring. Under the heading "A-Rod/Cacique," Bosch writes, "He is paid through April 30th. He will owe May 1 $4,000... I need to see him between April 13-19, deliver troches, pink cream, and... May meds. Has three weeks of Sub-Q (as of April).





27 Photos


MLB players banned for positive drug tests




Other names linked to Biogenesis in the report include outfielder Melky Cabrera, pitcher Bartolo Colon and catcher Yasmani Grandal - all of whom were suspended last season under MLB's ban on performance-enhancing drugs.

Writes Tim Elfrink, the author of the Miami New Times report: "As baseball teams head to spring training under a tougher new policy, the Biogenesis records affirm that the war on doping has been as futile as the War on Drugs."

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Obama's Immigration Plan to Have More Direct Path












President Barack Obama is expected to lay out his principles for immigration reform in a speech in Las Vegas today that will include a potentially quicker path to citizenship than the bipartisan plan a group of senators unveiled earlier this week.


The president will offer some new details about the White House's immigration reform plan, which expands on a blueprint it released in 2011, a senior administration official told ABC News. But for now Obama will stop short of offering his own piece of legislation because of the progress made by the Senate "Gang of Eight."


See Also: Senate Wants Immigration Bill Passed in Months


The White House has sounded positive notes about the Senate group's plan thus far, but the specifics that Obama announces are expected to have some key differences that might cause concern for some Republican senators who have signed onto the senate deal.


Like the senators' plan, Obama's proposal calls for a pathway to citizenship for many of the 11 million undocumented immigrants living in the U.S. The senators' plan would grant "probationary legal status" immediately to eligible undocumented immigrants, but would not allow them to apply for permanent legal status, or a green card, until the border is deemed to be secure. Think of that as a trigger system.




On the other hand, Obama's framework would not contain a border security measure. Administration officials told media outlets that they believe a path to citizenship needs to be straightforward. They also believe a trigger system, like the one in the senate plan, could lead to a state of legal limbo for the undocumented immigrants who receive legal status, The Washington Post reported.


The border-security-first plan, however, is essential to Republican senators who signed onto the Senate "Gang of Eight" deal.


"I will not be supporting any law that does not ensure that the enforcement things happen," Sen. Marco Rubio (R-Fla.), a member of the group, told conservative blogger Ed Morrissey on his web radio show.


See Also: 3 Flashpoints in the Senate Immigration Blueprint


Obama's plan is likely to include language that would allow same-sex bi-national couples to have the same rights as heterosexual couples, BuzzFeed and The Washington Post reported. Under current law, gays and lesbians who are married to U.S. citizens under state laws cannot obtain a green card. Obama's plan would allow them a path to citizenship, but the issue is not mentioned in the Senate "Gang of Eight" proposal.


As noted by the Post, that language may anger Christian groups who have signaled they would support comprehensive immigration reform.


But the White House remains optimistic about the progress that has been made so far. An official described the senators' announcement as a "breakthrough" to ABC News because it wasn't clear whether Republicans would sign on to any path to citizenship.


Some observers couched the Senate group's decision to come out with his plan a day before Obama as an attempt to outfox the White House politically. But administration officials told media outlets they remain generally pleased with the plan and believe that the president's speech could build momentum for a final bill.


ABC's Reena Ninan contributed reporting.



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3 arrested in deadly Brazil nightclub fire

























Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire


Hundreds dead in Brazil nightclub fire





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STORY HIGHLIGHTS


  • NEW: Police arrest three people in connection with the fire, state media report

  • The owners of the nightclub pledge to cooperate with the investigation

  • At least 231 people died in the fire, authorities say

  • Funerals are scheduled to begin Monday for those killed in the fire




Are you there? Share your story.


Santa Maria, Brazil (CNN) -- Guitarist Rodrigo Martins was preparing to launch into the sixth song of his band's set when he saw embers fall.


The acoustic foam insulation on the ceiling of the Kiss nightclub in the southern Brazilian city of Santa Maria was on fire, and it was beginning to spread.


The hot ash fell onto the stage and dance floor.


Photos: Hundreds dead in Brazil nightclub fire










In front of him, a sea of people who moments earlier were dancing and singing along to the country-pop sounds of his band Gurizada Fandangueira began to realize something was wrong.


Suddenly, concertgoers were stampeding toward the club's only exit, pushing and shoving each other trying to get out.


Then, according to investigators and witnesses, somebody fell in the narrow, dark hallway that led to the windowless exit.


And then another person fell.


And then another.


Searching for answers


It was the last weekend of Brazil's summer break for many of the students, and the Kiss nightclub was packed early Sunday with young people, many of whom attended one of a number of universities and colleges in Santa Maria.


At least 231 people died and hundreds more were injured in the fire, which authorities believe began about 2:30 a.m. Sunday when the band's pyrotechnic show ignited insulation material.


Many apparently died from smoke inhalation. Others were trampled in the rush for the exits.


Of the dead, 101 were students at the Federal University of Santa Maria.


Another 120 remained hospitalized Monday morning, 79 in critical condition, authorities said.


About 2,000 people were inside the club when the fire broke out -- double the maximum capacity of 1,000, said Guido de Melo, a state fire official.


The roof collapsed in several parts of the building, trapping many inside. Firefighters found piles of bodies in the club's bathroom.


It looked, said state lawmaker Valderci Oliveira, "like a war zone."


Read more: How to protect yourself in a crowd


For others, escaping was complicated by the fact that guards initially stopped people from leaving, said a reporter from CNN affiliate Band News, echoing comments from the state fire official.


"Some guards thought at first that it was a fight, a huge fight that happened inside the club and closed the doors so that the people could not leave without paying their bills from the club," the reporter, Glauber Fernandes, said.


But Rodrigo Moura, a nightclub security guard, said the fire moved fast.


"All of a sudden the fire just took off and was all around us. We tried to tell people to get out," he said.


Authorities have arrested three people in connection with the fire, state-run Agencia Brasil reported on Monday.


The owners of the nightclub, meanwhile, pledged to cooperate with the investigation into the fire, according to a statement released by the law firm of Kummel & Kummel.


"We are open to all authorities and inspections," said the statement, obtained by Globo TV.


The club's license had expired in August and had not been renewed, a local fire official told Globo TV.


The owners, however, said the nightclub was properly permitted and had been inspected by the fire marshal.


Deadly blazes: Nightclub tragedies in recent history


'Blocked by security'


The band, Gurizada Fandangueira, was a popular attraction at Kiss in part because of its pyrotechnic show, according to Billboard.com. It played at the nightclub about once a month, and was there Sunday to promote a new album.


Martins, the guitarist, told Radio Gaucha the band had been on stage for about 20 minutes, finishing the fifth song of its set, when it set off its "sputnik" pyrotechnics -- sparkler columns that shoot up in the air.


"We used it all the time. ... We never had this problem before," he told the radio station late Sunday.


Martins said he first noticed a small ember, and then he looked up at the ceiling and saw the flames.


A backstage hand attempted to put out the blaze with a fire extinguisher. "But it didn't work," he said.


Martins said as he and the other band members got off the stage, there were 20 to 30 people in front of him who were "being blocked by security."


People started pushing and shoving, and then they tripped over one another trying to get to the door.


Martins said the band's accordion player, 28-year-old Danilo Jacques, died in the fire. "I saw him, and then I lost him in the crowd."


Struggling to help


Esequiel Corte Real and his friends arrived late for the show and ended up with what they thought was one of the worst locations to watch -- by the exit.


The same happened with Norton Basson and his friends, who were at the club to celebrate his 29th birthday.


They are alive, they believe, because of where they were -- making them among the first to make it out alive.


After the fire started, the dark, narrow hallway that led to the nightclub's exit was choked with smoke and people trying to find their way out.


Outside, Corte Real and his friends could hear the screams of people trying to escape.


He told Globo TV that he and his friends ran back into the club to try to help.


They pulled out one body. Then two more.


"Somebody must be alive," he said.


Basson and his friends, meanwhile, grabbed rocks, sticks and an axe they found at a nearby building and began trying to knock a hole in the side of the club to help those trapped inside. Others soon joined them with shovels and more axes.


Firefighters used the hole Basson and his friends created to get inside the club.


There, they were greeted by the eerie sounds of cell phones ringing in the pockets and purses of the dead. Many of the calls were from parents desperate to reach their children.


The missing


Later Sunday, family members wept as they searched for information outside a local gymnasium where bodies were taken for identification.


Inside, Brazilian President Dilma Rousseff met with relatives as they waited on bleachers for word of their loved ones. She had been attending a regional summit in Chile, but cut short the trip and returned to Brazil early to deal with the aftermath of the tragedy.


"The Brazilian people are the ones who need me today," she said. "I want to tell the people of Santa Maria in this time of sadness that we are all together."


Ericmar Avila Dos Santos went from hospital to hospital Sunday, searching for his 23-year-old brother.


Hours earlier, he learned in a telephone call from a friend that his older brother was among those missing following the fire.


His family scanned lists, talked with police officials. They checked with friends, searched everywhere.


They finally found him -- among hundreds of bodies laid out on body bags at a makeshift morgue at a local gym.


Rhode Island victims 'can't help but watch'


"I was supposed to go with him. I didn't feel like going out. He ended up there without me," Avila Dos Santos said, openly sobbing over his brother's coffin outside the gym.


On Monday, the first of Brazil's three days of mourning, the three cemeteries in the city of 260,000 were packed with families readying to bury their dead.


Among them was Avila Dos Santos' family.


"We did everything together. We were even studying the same major," he said, remembering his brother. "Now that he's gone, I'm lost. I don't know what I'm going to do with my life."


Shasta Darlington reported from Santa Maria, Brazil. Chelsea J. Carter reported from Atlanta. CNN's Helena DeMoura contributed to this report.






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Grand Jury Wanted to Indict JonBenet's Parents













A grand jury believed there was enough evidence in 1999 to indict John and Patsy Ramsey on charges relating to the still-unsolved killing of their beauty queen daughter JonBenet Ramsey, ABC News sources say.


Six-year-old JonBenet was found dead in the basement of her family's upscale Boulder, Colo., home Christmas Day 1996. Suspicion fell on her parents, John and Patsy Ramsey, but they insisted an intruder was to blame and they were never prosecuted.


In an interview with ABC News' Barbara Walters after her death, both of the girl's parents denied that they had killed her. They were eventually cleared by prosecutors.








JonBenet Ramsey Case: New Grand Jury Report Watch Video









After meeting for more than a year, a grand jury found sufficient evidence to indict the couple on charges of child abuse resulting in death, as first reported Sunday by the Boulder Daily Camera newspaper and confirmed by two separate sources by ABC News.


"This grand jury, in effect, came up with a compromise finding, 'No, it's not murder,' but, 'Yes, we think they were responsible' for the death based on abuse," ABC News legal analyst Dan Abrams said.


PHOTOS: JonBenet Ramsey: Never-Before-Seen Photos


But District Attorney Alex Hunter refused to sign off on the grand jury's decision, saying there was too little proof.


"I and my prosecution task force believe we do not have sufficient evidence to warrant the filing of charges against anyone who has been investigated at this time," Hunter said then.


Hunter believed a conviction would be impossible. Abrams said that he agrees with the decision.


"I've seen the majority of the case files and I think Alex Hunter made the right call," he said. "I think there simply was not enough evidence to move forward."


Patsy Ramsey died in 2006 after a battle with ovarian cancer. John Ramsey remarried. His attorney told ABC News that Hunter is "a hero who wisely avoided a miscarriage of justice."


The case is still officially open but, as in 1996, investigators seem no closer to solving the crime this year, when JonBenet would have turned 23.



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