A noncommutative Weierstrass preparation theorem and applications to   Iwasawa theory
  In this paper and a forthcoming joint one with Y. Hachimori we study Iwasawa modules over an infinite Galois extension K of a number field k whose Galois group G=G(K/k) is isomorphic to the semidirect product of two copies of the p-adic numbers. After first analyzing some general algebraic properties of the corresponding Iwasawa algebra, we apply these results to the Galois group of the p-Hilbert class field over K.   As a main tool we prove a Weierstrass preparation theorem for certain skew power series rings. One striking result in our work is the discovery of the abundance of faithful torsion modules, i.e. non-trivial torsion modules whose global annihilator ideal is zero. Finally we show that the completed group algebra with coefficients in the finite field of p elements is a unique factorization domain in the sense of Chatters. 
Otmar Venjakob