23.07 2011

Marian Morgan still set for trial

At a brief status hearing on the case Wednesday, Morgan’s attorney, Peter Sartes, assured a federal judge that his client was heading toward a four-week trial “barring some change in the government’s stance toward her.”

Later, Sartes confirmed to the Herald-Tribune that there is no plea deal on the table, and emphasized that the 56-year-old Morgan now faces the equivalent of a life sentence whether she pleads guilty or goes to trial. She would reconsider her position if a plea deal were to change that prospect, he said.

“But at this point there is none, and she maintains her innocence,” Sartes said.

By standing trial, Morgan would faces 22 felony counts, including conspiracy, wire fraud, mail fraud, money laundering and tax evasion.

Her husband, John S.

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23.07 2011

Corporate profits off to strong start

 

NEW YORK — So much for fears that U.S. companies might stall out in the economy’s soft patch.

Corporate profits are coming in better than expected so far in second-quarter earnings season despite concerns about the potential for trouble ahead.

Strong showings from blue-chip companies such as Apple, Coca-Cola and McDonald’s have put the quarter on track to set a new record for operating earnings.

“The corporate sector’s in great shape,” says Joseph LaVorgna, chief U.S. economist at Deutsche Bank. “The economy is a little healthier than we thought it was.”

Aside from companies’ continuing stubbornness about hiring more workers, the early results are good news for investors and anyone worried that the debt-limit standoff in Washington or the financial crisis in Europe could inflict serious damage.

Consumers’ willingness to spend on fast food, electronic gadgets and other items has helped fuel better-than-expected quarterly results. Among the standouts Read more…

23.07 2011

How your Smartphone can be hacked

Many professionals do not understand that their Smartphone or iPhone can be hacked just like a desktop computer can. The hacking can occur just by visiting a website on the web using your Smartphone. That website can then use the information your phone is providing as a tool against the phone in order to use the phone to make unauthorized calls. The ease of this hacking by the man in the video is frightening.

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23.07 2011

Hi-tech workspace DoES Liverpool open for business

A WORKSPACE for artists and hi-tech entrepreneurs is opening its doors for a free “taster day” tomorrow.

DoES Liverpool, in the Gostins Building, in Hanover Street, is “a mixture of office and 21st-century workshop” with space for entrepreneurs and freelances to work.

The centre will house software developers, electronics engineers, and artists. Desks can be rented by the day or by the month.

FOR details, visit www. doesliverpool.com

22.07 2011

LIVE COVERAGE: 17 Dead In Norway After Gunman Shoots Wildy At Youth Camp, Bomb In Oslo

This afternoon a huge explosion caused by at least one bomb rocked downtown Oslo, killing 7 people and injuring more.

Not long after the bomb ripped through the government buildings, a shooter attacked a Labour Party youth camp at an island off the coast of Oslo, called Utoya.

Police arrested at man at the island whom they believe to be responsible for both attacks.

10 are confirmed dead at the island, with one witness report that there are up to 25 bodies on the ground there.

17 people have now been confirmed dead in the twin attacks.

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22.07 2011

Delays in financial rules could dominate hearing

WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke and other regulators are expected to face tough questions Thursday from lawmakers over missed deadlines and delays implementing the most sweeping overhaul of financial laws since the Great Depression.

The Dodd-Frank law was passed a year ago in response to the 2008 financial crisis. The law gave the government new powers to break up financial firms that threaten the economy, established safeguards for consumers and investors, and imposed restraints on financial markets that have escaped regulatory oversight.

Bernanke, Securities and Exchange Commission Chairwoman Mary Schapiro and other officials are scheduled to testify before the Senate Banking Committee on the progress they have made writing 243 rules mandated under the law. N

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21.07 2011

Lakewood Ranch freight consolidator posts loss for year

That compared with a loss of $3.1 million, or 15 cents per share, in 2010 for the Lakewood Ranch-based company.

Revenue was $18.8 million, up 8.6 percent from the previous fiscal year.

“Our top-line results for the year reflect the successful execution of our strategy in building our revenues and infrastructure,” Paul Henley, the company’s CEO, said in a statement. “We made significant progress in 2010 and 2011 as we moved towards adding our fourth acquisition — Cross Creek Trucking.”

Cross Creek has 170 refrigerated trailers and 30 dry trailers and generated about $28 million in revenues last year.

The company is litigating with owners of another company it acquired, Nebraska’s Triple C Transport Inc.

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