Ban Kimoon endorses new initiative on determining Kosovos future status

“I hope that the new period of engagement will lead to agreement on Kosovo’s future status, which remains a priority for the United Nations,” Mr. Ban said in a statement released today.Stating that the status quo is “not sustainable,” he urged the international community to find a solution that is “timely, addresses the key concerns of all communities living in Kosovo and provides clarity for Kosovo’s status.” The agreement was arrived at by members of the Contact Group – the US, United Kingdom, France, Germany, Italy, and the Russian Federation – which will report back to Mr. Ban by 10 December on the progress of negotiations between Pristina and Belgrade. It follows a deadlock in the Security Council over a proposal by Mr. Ban’s Special Envoy Martti Ahtisaari for a phased process of independence for the province, where ethnic Albanians outnumber Serbs and others by nine to one. Kosovo’s Albanian leadership support independence but Serbia is opposed. Mr. Ban pledged that the world body will continue to “play a constructive role in the new period of engagement,” with the Office of the Special Envoy for Kosovo (UNOSEK) standing by to provide information and clarification on request, as well as continue its major role on the ground. 1 August 2007Secretary-General Ban Ki-moon today welcomed an agreement to have a troika comprised of the European Union, Russian Federation and United States lead further negotiations on the future status of Kosovo, the Serbian province administered by the United Nations since 1999. read more

Apple Amgen rise Molson Coors Dine Brands fall

NEW YORK — Stocks that moved substantially or traded heavily on Wednesday:Apple Inc., up $4.26 to $213.04.The iPhone maker handily beat Wall Street’s fiscal third quarter profit and revenue forecasts.Dine Brands Global Inc., down $4.38 to $82.09.The parent company of Applebee’s and IHOP restaurants warned investors about lower sales at established locations and issued a weak financial forecast.Molson Coors Brewing Co., down $2.93 to $53.99.The brewer reported a global decline in sales and its second quarter financial results fell short of Wall Street forecasts.Amgen Inc., up $10.13 to $186.58.The world’s largest biotech drugmaker gave investors a solid forecast after beating analysts’ second quarter profit expectations.Extreme Networks Inc., up 78 cents to $8.14.The network infrastructure company beat Wall Street’s fiscal fourth quarter profit and revenue forecasts.Allstate Corp., up $5.57 to $107.40.The insurer’s second-quarter profit surged and beat Wall Street partly on solid gains from auto insurance.Electronic Arts Inc., up $3.93 to $92.50.The video game maker’s fiscal first quarter revenue beat Wall Street forecasts.Paycom Software Inc., up $12.13 to $240.75.The software company raised its revenue forecast for the year after reporting solid second quarter financial results.The Associated Press read more