SYDNEY--16 Jun--AsiaNet/InfoQuestBEAZLEY TAKES... HONG KONG Beazley Group plc is pleased to announce that it has increased itsstake to 100 per cent in Asia Pacific Underwriting Agency Limited, a Hong Kongbased insurance underwriting agency, that sources business throughout Asia frominsurance intermediaries. http://www.beazley.com CLAYTON, DUBILIER... TOKYO - To win public confidence, the private equity industry must assumeresponsibility for explaining the constructive role buyouts can play inrevitalizing corporate performance, according to Joseph L. Rice, III, theChairman and Founder of Clayton, Dubilier & Rice, Inc., the global privateequity firm that led last year's US$15 billion purchase of The HertzCorporation from Ford Motor Company, and that has owned Lexmark International,Kinko's and Uniroyal Goodrich, among other corporate leaders, over its 28-yearhistory. http://www.cdr-inc.com SH-MOBILE LAB... TOKYO - The mobile communication of the year 2029, the 50th year since theappearance of the first-generation mobile handsets - Beginning in June 2006,SH-Mobile LAB will hold "the Idea Competition" on the futuristic vision ofmobile communication entered by students from all over the world. http://shm-consortium.renesas.com/eng/index.html http://www.sh-mobile-lab.com/ PERELLA ANNOUNCES... NEW YORK and LONDON - Joseph Perella announced the formation of PerellaWeinberg Partners, a new financial services firm that will provide corporateadvisory and investment management services to clients around the world. http://www.pwpartners.com MOBILE INDUSTRY... TOKYO, YOKOHAMA, SEOUL, NEWBURY, Eng. - Motorola, NEC, NTT DoCoMo, PanasonicMobile Communications, Samsung Electronics, and Vodafone announced their intentto establish the world's first global, open Linux-based software platform formobile devices. http://www.motorola.com http://www.nec.com http://www.nttdocomo.com http://panasonic.co.jp/pmc/en http://www.samsung.com http://www.vodafone.com http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO http://photoarchive.ap.org NEW NOSE... PARIS - When 48 year-old Frenchman Eric Prevost won ten million dollars inan American lottery the first item on his shopping list was a new nose. http://www.newscom.com/cgi-bin/prnh/20060609/215536 http://www.smiletrain.org http://www.freelotto.com ISTITHMAR ANNOUNCES... DUBAI, United Arab Emirates - Istithmar PJSC, a major internationalinvestment house based in the UAE, is pleased to announce an investment ofUS$100 million in Perella Weinberg Partners and its investment managementbusiness, the new financial services firm headed by Mr. Joseph Perella, thelegendary investment banker. NAVINI ANNOUNCES... RICHARDSON, Texas - Navini Networks is announcing the availability of itsmobile WiMAX 16e software with smart beamforming. http://www.navini.com EKAHAU DEBUTS... SARATOGA, Calif. - Ekahau Inc. announced the availability of itsthird-generation Wi-Fi tag, which utilizes new technology that drives down thecost of deploying real-time location systems (RTLS) while improvingfunctionality. www.ekahau.com GULF INVESTMENT... KUWAIT - Gulf Investment Corporation, a leading financial institution in theGulf Cooperation Council region, is pleased to announce that it is one of thefounding investors in Perella Weinberg Partners. HONEYWELL LICENSES... PHOENIX - Honeywell announced that it has licensed LG Electronics Inc.(LGE) to use twelve of its Global Positioning System, Vehicle Navigation, andDriver Interface patents for certain automotive OEM and aftermarketapplications. http://www.honeywell.com http://www.honeywell.com/licensing CITECT MONITORS... SYDNEY - Citect has been selected to install Nexa Monitoring for site powermonitoring and control at The Venetian Macao-Resort-Hotel complex currentlyunder construction in Macau. http://www.citect.com/products-and-services/nexa.html http://www.citect.com W.P. STEWART... HAMILTON - W.P. Stewart & Co., Ltd. announced that Mark Phelps has beenappointed Deputy Managing Director -- Global Investments, effective 1 July 2006. http://www.wpstewart.com Microsoft Announces Plans for July 2008 Transition for Bill Gates REDMOND,Wash., June 15 /PRNewswire-AsiaNet/ -- Working full time at Microsoft through June 2008, Gates then will continue as chairman and advisor while increasing Foundation efforts; Ray Ozzie and Craig Mundie to assume expanded roles Microsoft Corp. (Nasdaq: MSFT) today announced that effective July 2008 BillGates, chairman, will transition out of a day-to-day role in the company tospend more time on his global health and education work at the Bill & MelindaGates Foundation. http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO http://www.microsoft.com/presspass http://www.microsoft.com/presspass/contactpr.mspx http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO http://photoarchive.ap.org http://www.microsoft.com WORLD CUP... BERLIN - Magic moments in the World Cup so far: SECOND ROUND... BERLIN - England and Ecuador advanced to the second round of the World Cupwith wins, and host Germany were dragged into the next phase along with them. RONALDO TO... KOENIGSTEIN - Ronaldo recovered from another injury scare today when doctorscleared him to start Brazil's match against Australia after he was taken to aclinic a day earlier complaining of dizziness. (AsiaNet is a consortium of leading news agencies distributing unedited,translated news releases for worldwide clients. Visit www.asianetnews.net forfull-text versions.)