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Source: http://www.myantiwar.org/view/234272.html
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Source: http://www.myantiwar.org/view/234272.html
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comScore has just released its latest numbers regarding the mobile landscape here in the U.S., finding that Samsung is still the top OEM with a 25.6 percent marketshare, up just .3 percentage points from the three month period ending in August. Meanwhile, Apple's price drop on the iPhone 4 along with the introduction of the iPhone 4S has taken its share of the market from 9.8 percent to 11.2 percent.Source: http://feedproxy.google.com/~r/Techcrunch/~3/Ibe-y1QTty8/
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Sony and Samsung have had a jointly owned LCD panel production planet for years, applying the economies of scale to benefit both companies? TV business. Since Sony?s TV business is not in the best of shape, they are even outsourcing some of the production to Chinese OEMs on the lower end of the scale. Since the TV business is rather flat at the moment, it?s not surprising that Sony is looking for ways to mitigate some of the losses they?ve probably experienced in 2011. Samsung in the meantime has plenty of reason to snag some extra capacity, as their mobile phone and tablet business enjoys some of the biggest volumes of sales in the industry. Of course, Samsung and Sony are not the only customers of the plant; Samsung panels are?found in a variety of other consumer products, from bargain TV brands, to even the Apple iPad
With increasing pressure inside Sony to get rid of the TV business all together, this fall?s reorganization and the divesting of the planet may be the first steps toward doing so. Of course, Sony also sold their CELL PS3 CPU manufacturing business to Toshiba, and then made a tidy profit buying it back a few years later when it didn?t turn out to be the miracle processor everyone thought it would be, so maybe there?s more to their plans than meets the eye here
Via: [Reuters]
Source: http://feedproxy.google.com/~r/hometechtell/~3/r8Oxa-kMtZ4/
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MEXICO CITY ? Federal police say one of the United States' most-wanted drug traffickers has been arrested at Mexico City's airport.
U.S. authorities offered a reward of up to $5 million for Luis Rodriguez Olivera, or "Whitey." Olivera and his brother Esteban are accused of smuggling tons of cocaine and methamphetamine into Europe and the U.S.
Luis Olivera was indicted in U.S. federal court in 2009 on cocaine-smuggling conspiracy and related charges. Federal police said in a statement that the 39-year-old, red-haired suspect was arrested Tuesday.
His gang was known as "The Blondies." Authorities say it formed temporary allegiances with bigger Mexican cartels, including the Sinaloa cartel, the Zetas and the Gulf Cartel.
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Many of the nation's Native American reservations are in remote areas where Internet access is intermittent.
Distances stretch for miles on end and Internet access may be virtually nonexistent in many pockets of the nation?s Native American communities. Distance learning is a perfect fit to bring educational opportunities to remote areas.
Arizona State University (ASU) is launching its Tribal Financial Manager Certificate program?in a distance-learning format, providing access to tribal professionals who are unable to travel to the university for this vital course.
People who go through the program can now take the course online through Blackboard in a self-paced program or listen to CDs that can be played in a car, through iTunes or on an MP3 player. Or, they can continue to come to ASU for an intensive three-day session.
?If you?re driving a long distance, you can listen to the audio portion. We tried to provide as many options as possible,? said Pat Mariella, American Indian Policy Institute director.
The Tribal Financial Manager Certificate program has been a success since it began, attracting financial managers from tribes across the country who learn how to manage funds in a tribal setting.
?We?ve gotten tremendous feedback because it?s not taught anywhere else,? said Corrine Wilson, a Certified Public Accountant for Moss Adams who helped shape the program while she was vice president of the Native American Finance Officers Association (NAFOA). Wilson is also a current instructor in the program.
Launching the distance-learning portion of the program is the next logical step for the program that was started as a partnership between ASU?s American Indian Policy Institute and NAFOA. The Arizona Board of Regents provided seed funding for the program through an Arizona Regents Reach Out grant.
Learning how to manage finances for tribal governments is a specialized and complicated skill. As tribes move toward operating the full range of governmental functions, tribal members are taking over programs that were formally run by the Bureau of Indian Affairs and the federal government, said Eddie Brown, American Indian Studies professor and executive director of the American Indian Policy Institute.
?Tribes are responsible for running programs and applying financial resources appropriately. That gets very complex,? Brown said.
Managing funds requires that those doing the accounting understand the rules, regulations and laws that govern the money that tribes manage.
?Tribal governments also have their own laws to follow,? Wilson said.
For instance, since tribes typically don?t have property taxes, their unrestricted income is generally more commercial in nature. Internal Revenue Service laws are also different for tribes, she added.
Core focus areas of the program include federal Indian law from the perspective of financial management in tribal settings, tribal government accounting aspects that take into account self-determination contracting and self-governance compacting as well as taxation. Participants earn a professional certificate upon completion.
?There is a core curriculum that people need to understand. This is a critical tool that tribal governments need,? Mariella said. ?I jumped on it when we had the opportunity to develop the program at ASU in partnership with the Native American Finance Officers Association.?
Offering the program through distance learning provides another important option for tribal employees to learn about finances through the popular program.
?Through the in-classroom program, we have already trained close to 100 people from tribes throughout the United States. Tribes vote with their feet and we have a waiting list,? Mariella said. Costs for the program range from $1,500 to $1,950.
Being able to offer the program in a distance-learning format is part of ASU?s vision to bring the university to the community, Brown said.
?We?re delighted that ASU is able to offer that service,? Brown said. ?The Financial Manager Certificate Program is one example of how the university is reaching out to work with the community and provide the type of training that is so severely needed.?
Registration for both the distance learning program and the next in-classroom session from January 24-26, 2012 is now available online.
Source: http://indiancountrytodaymedianetwork.com/2011/12/26/tribal-finance-program-now-online-68544
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MONDAY, Dec. 26 (HealthDay News) -- Teens are more likely to be obese if they had a poor emotional relationship with their mother when they were toddlers, according to a new study.
The findings echo previous research showing that toddlers who didn't have close emotional ties with their parents were more likely to be obese by the time they were 4.5 years old.
In the latest study, researchers examined U.S. National Institute of Child Health and Human Development data collected from hundreds of families who lived in nine states and had children who were born in 1991.
The analysis showed that the children's risk of obesity at age 15 was highest among those who had the lowest-quality emotional relationship with their mothers when they were toddlers, the Ohio State University researchers said.
More than one-quarter of the toddlers who had the lowest-quality relationships with their mothers were obese as teens, compared with 13 percent of those who had closer bonds with their mothers in their early years, according to the report published online and in the January print issue of the journal Pediatrics.
These and previous findings indicate that the risk of obesity may be affected by areas of the brain that control emotions and stress responses working together with those that control appetite and energy balance, the investigators explained.
The authors suggested that obesity prevention efforts should include strategies to improve the mother-child bond, as well as promoting healthier eating and exercise.
"It is possible that childhood obesity could be influenced by interventions that try to improve the emotional bonds between mothers and children rather than focusing only on children's food intake and activity," lead author Sarah Anderson, an assistant professor of epidemiology, said in an Ohio State University news release.
"The sensitivity a mother displays in interacting with her child may be influenced by factors she can't necessarily control. Societally, we need to think about how we can support better-quality maternal-child relationships, because that could have an impact on child health," Anderson added.
More information
The Nemours Foundation has more about overweight and obesity in children.
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10:43 a.m. EST, December 24, 2011
CEDAR RAPIDS, Iowa ? The police chief of Iowa's second largest city says he's ready to return to his hometown in Florida to lead its police department.Cedar Rapids Police Chief Greg Graham told department employees Friday he will become the chief in Ocala pending approval from the city council. Ocala Mayor Kent Guinn nominated Graham to replace a chief who recently stepped down.
Graham was the deputy chief in Ocala before coming to Cedar Rapids in 2008 and had worked on its force for 25 years.
Graham says he intended to finish his career in the Midwest but always thought if the top job in Ocala opened, he would be interested.
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1. TalkingTechy posted on 1 hour ago 1 0
Wow, that is a pretty good deal for late to the game iPhoners as well as last-minute Christmas shoppers. You just need to have people in your family that are fine with last year's model but have a ton of music that they need to 32GB.
2. readingthissh1t posted on 1 hour ago 0 0
good deal but its not this gen :(
Source: http://www.phonearena.com/news/Saturday-only-Best-Buy-has-BOGO-deal-on-32GB-Apple-iPhone-4_id25086
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Source: http://www.msnbc.msn.com/id/21134540/vp/45783284#45783284
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RICHMOND, Va. ? Texas Gov. Rick Perry has failed to make it onto Virginia's March 6 Republican presidential primary ballot, and the fate of former House Speaker Newt Gingrich hung in the balance, party officials said Friday.
Former Massachusetts Gov. Mitt Romney and Texas Rep. Ron Paul made the ballot, they said. But Republican Party of Virginia volunteers were still working late Friday to verify signatures Gingrich had submitted to the State Board of Election.
It's unclear how long it will take party officials to finish the process, Virginia GOP spokesman Garren Shipley said. He said it could be early Saturday before Gingrich's status was known.
Gingrich represented Georgia in Congress for two decades, but has lived in McLean, Va., an upscale Washington suburb, while he's worked in the private sector.
Failing to get on the ballot would be a major setback for Gingrich, who has tried to use his recent upsurge in popularity to make up for a late organizing start.
Shipley said the party was validating petitions the candidates submitted by the Thursday 5 p.m. deadline to the state elections board. It began validating signatures Friday morning.
The 10,000 registered voters must also include 400 signatures from each of Virginia's 11 congressional districts.
Perry's campaign fell short of the 10,000 signatures, the state party said.
It was unclear if Minnesota Rep. Michele Bachmann, former Pennsylvania Sen. Rick Santorum or former Utah Gov. Jon Huntsman submitted petitions to the state board.
Meanwhile, Virginia's Democrats said President Barack Obama's re-election campaign gathered enough signatures to get him on the state's primary ballot.
As he is the only candidate who qualified, the state's Board of Elections will likely cancel the scheduled primary election.
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Continue reading Mobile Miscellany: week of December 19, 2011
Mobile Miscellany: week of December 19, 2011 originally appeared on Engadget on Sat, 24 Dec 2011 10:00:00 EDT. Please see our terms for use of feeds.
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John C. Bogle counted himself among the 1 percent of wealthiest Americans a couple decades ago. You might not guess that today, when you hear the 82-year-old founder of mutual fund company Vanguard rail against economic inequality.
He can sound almost like an Occupy Wall Street protester: "Our markets have gone crazy, and there is 200 times as much speculation as there is investing," he says.
It has been 15 years since the low-cost investing pioneer stepped down as CEO of Vanguard. It was Bogle who launched the first index mutual fund in 1976. Vanguard Group has since grown into the largest fund company, managing nearly $1.7 trillion in U.S. fund assets.
Bogle remains wealthy, but his income is a fraction of what he earned when he ran Vanguard. He's paid a modest retainer to run Vanguard's Bogle Financial Markets Research Center, a think tank in Valley Forge, Pa.
He resists a label that applies to most people his age: "I'm so far from retired, it's almost an embarrassment. I'm here in the office every day." He's also writing his 10th book, "The Clash of Cultures: Investment vs. Speculation." And he continues to deliver speeches.
Bogle says he's paying close attention to tax policies he considers unfair, including one that's favorable to the fund industry and investors with taxable accounts. The top rate for dividends and long-term capital gains is historically low at 15 percent, as a result of the extension of Bush era tax cuts that Congress and President Barack Obama agreed to a year ago. In contrast, top earners pay 35 percent on regular income. He doesn't like that disparity.
Here are excerpts from a recent interview with Bogle:
Q: What do you think about the ongoing discussion over tax fairness?
A: I believe the rich should pay more, but that's not a good platform for tax policy. What has gone wrong is that we've failed to recognize the difference between earned income and unearned income. Is it really fair for gamblers on Wall Street to pay a 15 percent rate when they make a winning investment, and an honest working person ? a bricklayer for example ? may pay an equal or higher tax on their wages than a gambler? That's absolute absurdity.
Rates may have to be changed, but we also need to look at what is taxed, and how. Dividend income should be taxed at the same rate as ordinary income. As for capital gains, there ought to be some distinction between capital made by people who start businesses, and contribute value to society, and capital made by gamblers on Wall Street, some of whom win. Earned capital income should carry the regular dividend rate, but capital income gains by trading, and particularly short-term trading, should pay a higher tax, even than the present ordinary income rate.
Q: What's your take on the Occupy movement?
A: I'm happy to say that my current income puts me in the 99 percent group. So maybe I'm not so happy, I don't know.
This movement has brought to the surface some very serious problems in our country about disparities in opportunity and income. So many young people are having a terrible time getting a job.
Young people have great idealism, and the Occupy movement has been a bit unrealistic at times. So what? I can't imagine a worse America if our younger generation didn't have great idealism. I salute them for their enthusiasm, and their mission.
The negative side is that they just pushed too hard for too long. It's very difficult for any movement without any seeming leadership ? other than a good idea ? to have any sense of taste or judgment. Who's to say, `This is going too far'? In some places, it's just gone on too long, and it's been too disruptive. So I think it's good that we've been cleaning up the plazas where the Occupy movement set up.
Q: What's the focus of the book you're writing?
A: That our financial system has gone off the rails. It's something we think of as providing capital for new businesses, that will enable people to finance new companies or add to the capital of existing companies. We do that to the tune of about $200 billion a year in financing through Wall Street, or through the financial system. And yet we do some $40 trillion worth of trading every year. I'm selling my investment to you, and you're buying it from me, and it creates no value for society. Indeed, it subtracts value, because the guy in the middle gets his piece.
Many mutual funds turn over 100 percent of their portfolios each year. When I got into this business, it was maybe 18 percent a year. It's amazing. This industry is a big part of the problem. What we need is a transfer tax on trading. We need to tame the trading and speculative element in our financial system.
Q: What's your investment outlook heading into 2012?
A: If you're investing in stocks with idea of a one-year outcome, you should not invest. You can lose a lot. If you invest in stocks with a five-year outlook, I would think it is highly debatable if you should do that. You have to think about more than just the probabilities of a market crash. You have to consider the consequences for your savings, and whether you'd be decimated.
As for bonds, with interest rates and yields so low now, you just have to take those for what they are ? a lot lower than what they have been historically.
With the economy, I'm cautious. I don't expect a boom in consumer spending over the next two or three years. People don't have the wherewithal to spend a lot more, and in today's world, they don't have the confidence. Confidence can change overnight, but wherewithal cannot.
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According to Derrick Goold of the St. Louis Post-Dispatch, the Cardinals?agreed Thursday to a two-year, $26 million contract with free agent outfielder Carlos Beltran. The deal includes a no-trade clause.
Beltran batted .300 with a .910 OPS, 22 home runs and 84 RBI in 142 games this past year between the Mets and Giants, and should help St. Louis cope somewhat with the loss of slugger Albert Pujols.
The 34-year-old Beltran will open the 2012 campaign as the Cardinals? starting right fielder, but could slide over to center once postseason hero Allen Craig recovers from his November knee surgery. It?s a nice get for the Redbirds, who should have a plenty productive lineup if health is on their side in 2012. Here?s how the batting order might shake out on Opening Day:
SS Rafael Furcal
RF Carlos Beltran
1B Lance Berkman
LF Matt Holliday
3B David Freese
C Yadier Molina
2B Daniel Descalso
CF Jon Jay
With Adam Wainwright returning and Chris Carpenter, Jaime Garcia, Kyle Lohse and Jake Westbrook rounding out the rotation, the Cards should have no trouble staying competitive in year one without Albert.
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ScienceDaily (Dec. 21, 2011) ? Low in the south in the summer sky shines the constellation Scorpius and the bright, red supergiant star Antares. Many of the brightest stars in Scorpius, and hundreds of its fainter stars, are among the youngest stars found near Earth, and a new analysis of them may result in a rethinking of both their ages and the ages of other groups of stars.
New research by astrophysicists from the University of Rochester focused on stars in the north part of the constellation, known as Upper Scorpius, which is a part of the Scorpius-Centaurus OB association, one of our best studied groups of young stars and a benchmark sample for investigating the early lives of stars and the evolution of their planet-spawning disks. The Upper Scorpius stellar group lies roughly 470 light years from Earth.
While those stars have been thought to be just five million years old, the team concludes that those stars are actually more than twice as old, at 11 million years of age. The findings are surprising given Upper Scorpius's status as one of the best-studied samples of young stars in the sky.
The findings by graduate student Mark Pecaut and Assistant Professor Eric Mamajek of Rochester, and Assistant Professor Eric Bubar of Marymount University, were accepted for publication in the Astrophysical Journal.
The scientists came to their conclusions after analyzing hundreds of optical spectra measured with the SMARTS 1.5-meter telescope at Cerro Tololo Inter-American Observatory (CTIO) in Chile, as well as reanalyzing previously published data on the stars.
"We combined our new estimates for the temperatures of the stars based on our spectra, with data on the brightnesses and distances to estimate accurate luminosities," said Pecaut. "Then we used state-of-the-art stellar evolution models to determine the ages."
While similar methods were used in the past to calculate ages for some of the Upper Scorpius stars, Pecaut says no previous study has determined independent age estimates for members of the group over such a wide range of stellar masses. The new analysis shows that stars over a wide range of masses in Upper Scorpius -- from slightly more massive than our Sun, up to the mass of the bright star Antares (17 times the mass of our Sun) are giving ages consistent with a mean age of 11 million years.
"For one thing, the distances to the stars are now much more accurately known," said Pecaut. "Also, the newer computer models take into account the rotation of the stars and its effect on the mixing on the star's hydrogen -- its nuclear fuel source."
"The first criticism that we heard of the work was that our age estimates for the stars more massive than the Sun in Upper Scorpius disagreed drastically with previously published ages for the smaller stars in the group," said Mamajek. "However, we think the stellar parameters and models are on much firmer footing for the higher mass stars than for the lowest mass stars. The computer models of stars have trouble predicting the correct masses of low-mass stars when they are dynamically measureable, as well as the rate at which the low-mass stars consume their lithium through nuclear reactions. The situation is better for the high mass stars. So there is no reason to think that the ages for the smaller stars would be more accurate."
The results from Rochester have immediate implications for one recent discovery. In 2008, Canadian astronomers reported the discovery of the first imaged exoplanet orbiting a young Sun-like star -- identified as 1RXS J160929.1-210524b. The object and its host star are members of the Upper Scorpius group. If the age of the star is much older than first thought, then the "exoplanet" has been cooling off for a longer period of time and consequently has a greater mass. In this case, the predicted mass of the object goes from roughly 8 Jupiter masses to 14 Jupiter masses. Consequently, the object would not be considered an exoplanet by the discoverer's original definition, but a brown dwarf -- a so-called "failed star." However there is considerable uncertainty about the origins of the low-mass companions discovered circling some stars on wide orbits at hundreds of astronomical units, so the jury is still out on the nature of objects like 1RXS J1609b.
Pecaut says with more accurate estimates of the ages of stars, scientists can better understand how long it takes planets to form. For example, if 11-million-year-old stars do not have gas accreting around them, it means that gas-rich planets like Jupiter and Saturn would have to form in less than 11 million years.
Pecaut expects that the findings of the Rochester team will encourage scientists to reassess the ages of other star clusters. If it's determined that other stellar populations are systematically older than originally believed, then it may mean that the conditions for forming gas giant planets like Jupiter around young stars may typically persist for millions of years longer than previously thought.
"If a stellar group as well-studied as Upper Scorpius can be twice as old as previously believed, then all bets are off on the accuracy of the previously published ages for other similar groups of young stars," added Mamajek.
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Source: http://www.sciencedaily.com/releases/2011/12/111221140637.htm
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SEOUL, South Korea ? A South Korean lawmaker says intelligence officials are predicting a committee will handle key affairs until the twenty-something son of late leader Kim Jong Il formally becomes leader.
Hwang Jin-ha said Wednesday the National Intelligence Service made the assessment during a closed-door briefing. He says it believes the committee will be headed by the North Korean Workers' Party military commission.
Kim's third son and heir Kim Jong Un is a vice chairman of that commission.
Hwang says the intelligence service predicted Kim's aunt Kim Kyong Hui and her husband, Jang Song Thaek, a vice chairman of the powerful National Defense Commission, will play larger roles in supporting the younger Kim.
Hwang says the intelligence service didn't say how it got the information.
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WASHINGTON ? A federal judge on Friday denied a government request for a more thorough and extensive psychiatric evaluation of a man accused of firing shots at the White House in what prosecutors say was an attempt to assassinate President Barack Obama.
The mental state of Oscar Ramiro Ortega-Hernandez, who prosecutors say harbored fantasies of killing the president, has been a critical issue since his arrest last month. A preliminary psychiatric screening already found him competent to stand trial. Prosecutors want another evaluation that conclusively puts to rest any concerns about Ortega's ability to understand the charges against him. A comprehensive evaluation would also strengthen the government's case against any later attempt by defense lawyers to use a mental health defense.
U.S. Magistrate Judge John Facciola said there was currently no evidence suggesting that Ortega is incompetent to stand trial. But he said prosecutors can renew their request as the case moves forward if they believe Ortega's mental health is deteriorating.
"A delusional system does not in and of itself compel the conclusion of a defendant's incompetence," he said.
Federal prosecutors say Ortega bought a gun and more than 1,200 rounds of ammunition in Idaho, where he lived, practiced firing it for months and then drove east with the goal of assassinating Obama. They say Ortega referred to himself as the "modern-day Jesus Christ," perceived Obama to be the antichrist and considers marijuana to be the answer to world peace. He opened fire and sped away, prosecutors say, before being arrested five days later at a Pennsylvania hotel.
Authorities located at least five bullet impact points on the south side of the White House or above the second story, court papers say, and two bullets were recovered from the White House ? including one from a window frame on the Truman Balcony. Obama and his wife, Michelle, were out of town at the time.
Elizabeth Teegarden, a clinical psychologist who interviewed Ortega for 50 minutes after his arrest, said Ortega denied delusional thinking, phobias and having aspirations to harm himself or others. When she asked him about statements in the criminal complaint that he had told others that he wanted to kill the president, he either denied the statements or refused to talk about them.
Ortega's public defender, David Bos, said Ortega not only is able to help in his defense but also "understands highly technical principles."
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British journalist and author Christopher Hitchens died Thursday at 62 from complications of esophageal cancer. The well-known contributing editor of Vanity Fair magazine had been diagnosed in June 2010. Here are some key facts and figures about esophageal cancer.
* Men develop esophageal cancer four times more frequently than women and also have a higher mortality than women.
* Esophageal cancer ranks seventh as the cause of cancer deaths among men.
* This year in the United States, approximately 17,000 adults will receive a new diagnosis of esophageal cancer.
* Approximately 15,000 deaths will be attributed to esophageal cancer this year.
* The lifetime risk of esophageal cancer in the United States is estimated to be 1 in 125 for men and 1 in 400 for women.
* Symptoms include difficulty swallowing, chest pain, unexplained weight loss, fatigue, choking while eating, indigestion, vomiting, persistent hiccups and hoarseness. Symptoms frequently do not appear in the early stages of esophageal cancer.
* The most common age for esophageal cancer to occur is between 45 and 70.
* Risk factors include drinking alcohol, chewing tobacco, obesity, drinking extremely hot liquids, bile reflux, GERD, smoking, Barrett's esophagus, radiation to the upper abdomen or chest, eating foods preserved in lye and eating too few fruits and vegetables.
* Endoscopy and barium swallow are usually done to make a diagnosis of esophageal cancer.
* Since symptoms do not usually occur until the later stages, treatment options carry a poor survival rate.
* Treatment may involve surgery and almost always involves chemotherapy and radiation combined.
* In the U.S., the five-year survival rate is 17 percent, excluding patients who die from other causes. For anyone with early stage esophageal cancer, the survival rates are higher.
* Esophageal cancer is much more prevalent in countries other than the U.S. For example in places such as northern China, India, Iran and southern Africa the rates are 10 to 100 times higher,
* Two types of esophageal cancer are the most common and are named after the cells at their point of origin. These include adenocarcinoma, which begins in the lower part of the esophagus and is the most common in western societies, and is caused most often by reflux and Barrett's esophagus. The second type is squamous cell carcinoma, which begins in the lining of the middle and upper esophagus. This type is most often caused by smoking and alcohol use and is the most common worldwide.
* Squamous cell carcinoma occurs three times more often in blacks than whites, while adenocarcinoma is most prevalent in white males.
Margie Miklas is a critical-care nurse with more than 30 years' experience. She currently works in South Florida in a cardiovascular ICU with a specialty certification in cardiac surgery.
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(Reuters) ? Gazit-Globe and Sanchez Energy opened to a muted response on their trading debut, as companies without the dotcom tag find little favor with investors.
IPOs of internet companies such as Groupon Inc, Angie's List Inc and Jive Software Inc had flying starts to their listings, while those of brick-and-mortar companies haven't managed to generate comparable investor interest.
Earlier in the day, Luxfer Holdings, a maker of high-performance materials and gas cylinders, postponed its offering citing market conditions.
On Wednesday, shares of Sanchez, a developer of unconventional oil and natural gas assets, closed at $18.25, down 17 percent from their issue price of $22, after the company priced its IPO below its price range.
Last week, energy companies Rose Rock Midstream LP and Memorial Production Partners LP had also met with cold response from investors. While Texas-based Memorial Production closed a percent down from the $19 offer price, Rose Rock shares closed flat.
"These companies (energy) were trying to get more proceeds to benefit themselves rather than leaving a lot of money on table to benefit investors," Jay Ritter, finance professor at University of Florida told Reuters.
Sanchez's offering raised net proceeds of about $203 million, which it intends to use to fund capital expenditures through December 2012.
Sanchez, which mainly focuses on the Eagle Ford Shale, said it earned $3.4 million for nine months ended September 30, compared with a net loss of $3.1 million last year. For the period, its revenue was $9.9 million, compared with $1.5 million last year.
Israeli real estate investment firm Gazit-Globe, which cut its U.S. offering size by a quarter, closed at $8.83, 1.8 percent below the $9 offer price on Wednesday.
Johnson Rice & Company L.L.C. and Macquarie Capital were the lead underwriters for Sanchez's offering, while Citigroup and Deutsche Bank Securities underwrote the Gazit-Globe offering.
(Reporting by Eileen Anupa Soreng and Sharanya Hrishikesh in Bangalore; Editing by Joyjeet Das and Sreejiraj Eluvangal)
Source: http://us.rd.yahoo.com/dailynews/rss/tech/*http%3A//news.yahoo.com/s/nm/20111214/wr_nm/us_gazitglobe
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Rodney Atkins is looking to end his marriage.
On the same day we learned about his Nov. 21 arrest on domestic violence charges for allegedly trying to smother his wife with a pillow, E! News has confirmed that the country singer has officially filed for divorce.
So what do the legal papers reveal?
MORE: View the divorce petition here
When NBC announced that the self-proclaimed King of All Media has indeed signed on to join the show, the immediate respons...
Per his petition filed in Williamson County, Tennessee on Nov. 22, the day after he was taken into custody, Atkins cited irreconcilable differences as the reason as well as "inappropriate marital conduct" on Tammy Jo Atkins' part that "renders further cohabitation unsafe and improper."
Story: Rodney Atkins talks about reunion with birth momThe 42-year-old entertainer was taken into custody after his missus called 911, claiming the two had got into a violent altercation that culminated with him trying to smother her with a pillow. She also alleged he grabbed her face and threw her down a hallway in front of their 10-year-old son, Elijah.
MORE: Country Star Rodney Atkins Arrested: Wife Claims He Tried to Smother Her With Pillow
Rodney Atkins has adamantly denied the accusations.
On the same day he moved to dissolve their marriage, a judge signed a temporary restraining order prohibiting both Rodney and Tammy from "harassing, threatening, assaulting or abusing the other party."
Additionally, the court barred them from disposing of any marital property or relocating their children outside the state without the court's permission (Rodney also has two step-daughters).
PICS: Mug-Shot Mania
The country star seeks joint custody of Elijah.
In her counter-complaint, Tammy also cites irreconcilable differences and asks that the court grant her sole custody of the boy. In addition, she's seeking alimony, child support and legal fees from her estranged hubby.
? 2011 E! Entertainment Television, Inc. All Rights Reserved.
Source: http://today.msnbc.msn.com/id/45695145/ns/today-entertainment/
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