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August 17, 2014

Second autopsy ordered on body of Missouri teen Michael Brown

Filed under: mortgage, online — Tags: , , , — Snowman @ 9:08 pm

FERGUSON, MO.—U.S. Attorney General Eric Holder on Sunday ordered a federal medical examiner to perform another autopsy on the body of a black Missouri teenager whose fatal shooting by a white police officer has spurred a week of rancorous and sometimes violent protests in suburban St. Louis.

Department of Justice spokesman Brian Fallon cited a request by family members and the “extraordinary circumstances” surrounding the case of 18-year-old Michael Brown in explaining decision.

“This independent examination will take place as soon as possible,” Fallon said in a statement. “Even after it is complete, Justice Department officials still plan to take the state-performed autopsy into account in the course of their investigation.”

The Justice Department already had deepened its civil rights investigation of the shooting. Officials said a day earlier that 40 FBI agents were going door-to-door gathering information in the Ferguson, Missouri, neighbourhood where an unarmed Brown was shot to death in the middle of the street on Aug. 9.

David Weinstein, a former federal prosecutor who supervised the criminal civil rights section of Miami’s U.S. Attorney’s office, said a federally conducted autopsy “more closely focused on entry point of projectiles, defensive wounds and bruises” might help that investigation, and that the move is “not that unusual.”

He also said federal authorities want to calm any public fears that no action will be taken on the case.

Holder’s latest announcement followed the first night of a state-imposed curfew in Ferguson, which ended with tear gas and seven arrests after police dressed in riot gear used armoured vehicles to disperse defiant protesters.

Missouri State Highway Patrol Capt. Ron Johnson said protesters weren’t the reason for the escalated police reaction early Sunday morning after the midnight curfew took effect, but a report of people who had broken into a barbecue restaurant and taken to the roof, and a man who flashed a handgun in the street as armoured vehicles approached the crowd of protesters.

Also overnight, a man was shot and critically wounded in the same area, but not by police; authorities were searching for the shooter. Someone also shot at a police car, officials said.

The protests have been going on since Brown’s death heightened racial tensions between the predominantly black community and mostly white Ferguson Police Department, leading to several run-ins between police and protesters and prompting Missouri’s governor to put the Highway Patrol in charge of security.

Ferguson Police waited six days to publicly reveal the name of the officer and documents alleging Brown robbed a convenience store before he was killed, though Chief Thomas Jackson said the officer did not know Brown was a suspect when he encountered him walking in the street with a friend.

Scott Olson / GETTY IMAGES

People wait for reaction from police after they refused to honour the midnight curfew on Aug. 17.

Gov. Jay Nixon, who imposed the curfew after declaring a state of emergency as protests turned violent to start the weekend, said Sunday morning on ABC’s “This Week” that he was not aware the police were going to release surveillance video from the store where Brown is alleged to have stolen a $49 box of cigars.

“It’s appeared to cast aspersions on a young man that was gunned down in the street. It made emotions raw,” Nixon said.

In announcing the curfew, Nixon said many protesters were making themselves heard peacefully but the state would not allow looters to endanger the community. Johnson, the Highway Patrol captain, had said police would not enforce the curfew with armoured trucks and tear gas and would communicate with protesters and give them ample opportunity to leave. Local officers faced strong criticism earlier in the week for their use of tear gas and rubber bullets against protesters.

As the curfew deadline arrived early Sunday, most protesters left the streets, but those who remained protesters refused to leave the area as officers spoke through a loudspeaker: “You are in violation of a state-imposed curfew. You must disperse immediately.”

As officers put on gas masks, a chant from the distant crowd emerged: “We have the right to assemble peacefully.”

A moment later, police began firing canisters into the crowd. Highway Patrol Spokesman Lt. John Hotz initially said police only used smoke, but later told The Associated Press they also used tear gas canisters.

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August 16, 2014

Skateboarding legend Jay Adams dies of heart attack at age 53

Filed under: canada, news — Tags: , , , — Snowman @ 6:12 am

LOS ANGELES, CALIF.—Jay Adams, the colorful rebel who helped transform skateboarding from a simple street pastime into one of the world’s most spectacular sports — with hair-raising stunts and an outsized personality to match — has died at age 53.

Adams died of a heart attack Thursday during a surfing vacation in Mexico with his wife and friends, his manager, Susan Ferris, said Friday.

With his flowing, sun-bleached hair, explosive skating style and ebullient personality, Adams became one of the sport’s most iconic figures during the years it moved from empty backyard swimming pools to international competition.

“He was like the original viral spore that created skateboarding,” fellow skateboarder and documentary filmmaker Stacy Peralta told The Associated Press on Friday. “He was it.”

But at the height of his fame in the early 1980s, Adams was convicted of felony assault, launching a string of prison stints over the next 24 years.

The member of the Skateboarding Hall of Fame, who had proudly been clean and sober for the past several years, blamed his troubles in part on the sport’s early years, when seemingly any outrageous behaviour was tolerated.

“We were wild and acting crazy and not being very positive role models,” he told The New York Times shortly after being released from prison for the last time in 2008.

He had rocketed to fame while still a teenager as a founding member of the Zephyr Skate Team, a group of surfers turned skateboarders who came together in a rundown, dicey neighbourhood known as Dogtown that straddles Los Angeles’ Venice Beach and the city of Santa Monica payday loan.

Peralta, another member, would memorialize the group in his 2001 documentary “Dogtown and Z-Boys.”

“Watching him when he was 14, 15, 16 was pure entertainment,” the filmmaker recalled Friday. “It was like watching energy itself evolve. You never knew what he was going to do, and no matter how great he was at something, he never repeated it.”

Although he wasn’t technically the best skater out there, Peralta said, Adams’ influence on the sport was as great as that of X Games gold medallist Tony Hawk.

Adams never became quite the household name Hawk is, perhaps in part because of his repeated brushes with the law.

When “Dogtown and Z Boys” premiered in 2001, he was in jail again, this time doing time on a drug charge.

About the time the 2005 feature film “Lords of Dogtown” would hit theatres, Adams, who was played by actor Emile Hirsch, was being busted for drugs again.

Upon his release, he vowed to stay out of trouble — and he did.

Peralta said he last saw Adams at a dinner gathering about six weeks ago.

“He was the first person to show up at the dinner table, which was remarkable, and he was drinking hot tea, which was even more remarkable,” he said. “He had really turned a corner.”

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August 8, 2014

Milos Raonic survives Rogers Cup thriller

Filed under: online, online ads — Tags: , , , — Snowman @ 4:48 am

Milos Raonic wasn’t perfect, but he’s still alive at the Rogers Cup.

Raonic had his serve going amid some erratic shots as he came back to beat American Jack Sock 4-6, 7-6 (2), 7-6 (4) on centre court Wednesday night at Rexall Centre.

Fans chanted “Let’s go Milos” between points, cheering on the last Canadian left in the field. On Tuesday, all four men who played singles were eliminated, and Eugenie Bouchard bowed out in Montreal.

Raonic stunted that momentum with 15 aces that helped offset some struggles to return Sock’s serve. He won 79 per cent of his first-serve points but was broken in the first set to cause the 23-year-old to fall behind.

In the second set, Raonic held serve before blowing Sock out in the tiebreak. He needed another tiebreak to finish off the match.

Raonic will face Julien Benneteau of France on Thursday night. Benneteau upset 11th-seeded Ernests Gulbis Wednesday after beating former world No. 1 Lleyton Hewitt in the first round.

Source

July 29, 2014

Waste Management selling subsidiary for $1.94B

Filed under: finance, online — Tags: , , , — Snowman @ 3:04 pm

HOUSTON (AP) — Waste Management is selling a subsidiary to Energy Capital Partners for $1.94 billion as part of its effort to focus on its core business.

It is selling Wheelabrator Technologies Inc., which owns or runs 17 waste-to-energy facilities and four independent power-producing plants in the U.S. The business also has four ash monofill landfills, three transfer stations and an ongoing development and construction project in the U.K. Wheelabrator’s 2013 revenue totaled about $845 million.

Houston-based Waste Management Inc. said Tuesday it plans to use proceeds from the sale to buy assets related to its core business and for stock repurchases.

The deal is targeted to close later this year. It still needs approval from the Federal Energy Regulatory Commission.

Source

July 28, 2014

Even Yakuza Can

Filed under: marketing, money — Tags: , , , — Snowman @ 12:04 am

Orient (8585) Corp., the Japanese lender at the center of a scandal over loans to gangsters that engulfed Mizuho Financial Group Inc., sold debt at about a fifth of the premium global companies pay, as investors search for yield.

The consumer lender, an affiliate of Mizuho, offered 10 billion yen ($98 million) of five-year notes at 18 basis points over yen swaps earlier this month, in its first public straight bond. That compared with the average spread of 11 basis points for Japanese company debt and 98 for global corporates, according to Bank of America Merill Lynch data.

Unprecedented Bank of Japan stimulus has cut local corporate bond spreads to a seven-year low, prompting investors to seek riskier debt to boost returns. Two top executives at Mizuho resigned posts this year after Japan

July 26, 2014

Nevada gambling revenue jumps 14 percent in June

Filed under: business, technology — Tags: , , , — Snowman @ 5:20 am

LAS VEGAS • Nevada officials say casino revenues shot up more than 14 percent in June thanks to a banner month on the Las Vegas Strip.

The state Gaming Control Board reported Friday that Nevada casinos brought in about $907 million in June.

Las Vegas Strip casinos pulled in $532 million in June, up more than 22 percent from the same month a year ago. Downtown Las Vegas casino revenues of $41million were up 12 percent.

Reno casino revenues of $48 million were down 3 percent compared with June 2013, while South Lake Tahoe casinos brought in $12 million and were down 2 percent payday loans.

The state collected $44 million in taxes based on the June winnings, which is up less that 1 percent compared with a year earlier.

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July 24, 2014

Wal-Mart names new CEO of US discount division

Filed under: online ads, technology — Tags: , , , — Snowman @ 1:08 pm

NEW YORK (AP) — Wal-Mart Stores Inc. says U.S. discount-store chief Bill Simon is stepping down.

The world’s largest retailer has named the head of its Asian business as his replacement.

The Bentonville, Arkansas-based retailer says that Greg Foran, 53, president and CEO of Wal-Mart Asia, will succeed Simon.

Simon helmed the Wal-Mart U.S. division since June 2010. The changes will take effect Aug. 9. The company says Simon will be available on a consulting basis for the next six months to ensure a seamless transition Internet Payday loans.

Foran will report directly to Doug McMillon, who took over as president and CEO of Wal-Mart Stores Inc. in February.

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July 23, 2014

Consumer Prices in U.S. Increase as Gasoline Costs Jump - Bloomberg

Filed under: legal, management — Tags: , , , — Snowman @ 2:00 am

The cost of living in the U.S. rose in June, paced by a jump in gasoline that is now reversing, bolstering Federal Reserve Chair Janet Yellen

July 21, 2014

Former Sino Forest CFO barred from serving as director of public company

Filed under: business, mortgage — Tags: , , , — Snowman @ 11:08 am

The Ontario Securities Commission has permanently banned the former chief financial officer of Sino Forest Corp. from serving as a director or officer of a public company.

David Horsley, who served as CFO from 2005 until 2012, has also agreed to pay a $700,000 fine and testify in the ongoing Sino Forest case.

Sino Forest once had a high-flying stock that traded on the Toronto Stock Exchange with a market capitalization of more than $6 billion, until in 2011 short seller Muddy Waters suggested the forestry company’s sales were a fraud.

The company, which was listed in Canada, had all its operations in China, selling standing timber.

“This is a significant settlement and a significant admission by Mr. Horsley,” said OSC lawyer Hugh Craig at a hearing on Monday.

“This should serve as a message to CFOs operating in unfamiliar business environments” of the need to be vigilant, Craig added.

“He simply didn’t do his job,” he said. “Operations may be over there, but they are regulated under the Ontario Securities Act.”

Panel vice-chair James Turner said chief financial officers play a critical role in the financial reporting of companies.

Horsley failed in his role as CFO, and failed investors and capital markets, Turner said.

In approving the deal, Turner said it was contingent on the settlement of a separate class action lawsuit involving both securities and bond holders.

Judges in Ontario and New York state are scheduled to hear that settlement proposal that Horsley has offered to pay $5.6 million.

Horsley’s lawyer Peter Wardle noted that OSC investigators concluded that his client is not accused of perpetrating any alleged frauds involving Sino Forest.

“These sins, if I can put it that way, are sins of omission as opposed to sins of commission,” Wardle added.

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July 18, 2014

Greece Seen in Third Bailout as Bond Return Not Enough - Bloomberg

Filed under: legal, online — Tags: , , , — Snowman @ 5:12 am

Greece

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