SYDNEY--7 Feb--AsiaNet/InfoQuest CRUISE SHIP... PHOENIX: Randall B. Jackson, chief executive officer ofResidential Cruise Line Ltd. announced on Tuesday that thecompany has signed a Memorandum of Understanding with AkerYards to build the world's largest residential cruise ship, theMagellan. http://www.residentialcruiseline.com MEDICAL COLLABORATION... MELBOURNE: The Walter and Eliza Hall Institute of MedicalResearch announced Tuesday that it has entered into anexclusive global collaboration agreement with theCalifornia-based biotech company Genentech, Inc. to discover,develop, manufacture and commercialise a new class of broadspectrum cancer therapeutics. FANNIE MAE... WASHINGTON, D.C.: Fannie Mae will redeem the principalamount of one securities issue amounting to a total of US$250million on February 16, 2007 at a redemption price equal to 100per cent of the principal amount redeemed plus accruedinterest. http://www.fanniemae.com NOISE CANCELLATION... SAN FRANCISCO: Thomas Weisel Partners Tech2007 Conference,Quellan, a leader in analog noise cancellation devices, willshowcase its revolutionary technology at the Fairmont Hotel inSan Francisco Wednesday and confirm once again the company'svast potential for financial growth. http://www.quellan.com ELEVATOR SHARES... SHANGHAI: Kone, one of the largest elevator and escalatorcompanies in the world, has signed a share subscriptionagreement to become a minority shareholder in Thien Nam, whichis the leading elevator and escalator company in Vietnam. http://www.kone.com MERCER PRESIDENT... SINGAPORE: Robert A. Yungk, 50, is to join Mercer HumanResource Consulting as President and Global Head of MercerHealth & Benefits, it was announced Tuesday by M. MicheleBurns, Chairman and Chief Executive Officer of Mercer HumanResource Consulting. (AsiaNet is a consortium of leading news agenciesdistributing unedited, translated news releases for worldwideclients. Visit www.asianetnews.net for full-text versions.)