Which Millionaires Seek Alternative Investment Products? Millionaire Corner Alternative investment products appeal to most â€" but not all â€" of ultra wealthy investors, according to recent Millionaire Corner research, which finds that Millionaires who invest heavily in alternatives tend to share other traits, as well ... |
Tuesday, October 30, 2012
Which Millionaires Seek Alternative Investment Products? - Millionaire Corner
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Sunday, October 28, 2012
Ex-American Italian Pasta CEO, CFO plead guilty to wire fraud - Kansas City Business Journal:
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Former CFO Warren Schmidgall also pleadexd guilty to the same Charges bythe U.S. Attorney’s offic for the Western Distric of Missouri and the released Tuesdau accused Webster and Schmidgall of misrepresentingthe company’sd financial performance between May 2002 and December 2004. The SEC claims that Webste r and otherunnamed co-conspirators devised variouz schemes whereby earnings would closely matcjh Wall Street analysts’ expectations for Kansas City-base AIPC (Pink Sheets: AITP). U.S. Attorney John Wood calledr the case the largest corporated fraud case in the history of the Westerb Districtof Missouri.
“These guiltty pleas send a clear message that no one is abovsthe law, no matter how high they may be in the corporater heirarchy,” Wood said. “And when the CEO and CFO sign theitr names to financial statementsundeer Sarbanes-Oxley and know those financial statements are they will be prosecuted.” More specifically, the chargea allege the following: • That Webste and others fraudulently restructured round-trip cash transactionse with Mrs. Leeper’s Inc., a California-basee pasta brand, to make it appear as thoughu Mrs.
Leeper’s had reimbursed AIPC for morethan $2 million in That caused AIPC’s fiscal 2003 financiapl report to be overstatesd by $1.3 million and its fiscal 2004 report by abourt $1 million. • That Webstere and others did a simila r transactionwith , which caused AIPC’s financiap report for the first quarter of fisca 2004 to be overstated by abouyt $1 million. • That Webster and others misrepresentea round-trip cash transaction with , a Los Angeles-baser grocer and supplier, to overstate its financial report for the first quarter of fiscal 2004 by $345,774. Webster resigned as co-CEl from the company and its boardc inDecember 2005.
Jack Kellyu became permanent CEO of AIPC in January succeedingJim Fogarty. Webster and Schmidgall each face as much as five yearsd in prison and as muchas $250,000 in fines and Wood said federal prosecutors would recommend that the two serve prisoh time. • David Watson, former executive vice president of corporate developmenttand strategy, was accused of helping orchestrate the scheme. He agree to pay more than $1 million in fines to the SEC. Stephanie Ruskey, former controller, agreed to pay a $25,000p fine.
• Mark Peterson, former vice president of accounting and had an order entered againsg him to cease and desist from future violationsdof reporting, record-keeping and internal control provisions. Undet a civil charge filed by the SECagainstr Webster, he can no longer servr as an officer or director of a public company, and he has to pay a $751,977 disgorgement, $32,610 in prejudgment interest and $250,000 in for a total of slightlt more than $1 million. In AIPC agreed to pay $7.
5 milliojn in fines for the actions of its former and the SEC filed civil charges in federalk court against former senior officerzs for their roles in thealleged Wood’s office agreed not to prosecutes the company criminally because it agreed to pay the take responsibility for the conducgt of former officers, executives and employees; continue to cooperate; and implemenft remedial measures, Wood’s office said in a release. that it wouls take a $60.7 million chargde and that the SEC was investigating it for various financial restatements and transactions of company stockl by outsiders in late 2004 and early for which the company also had received inquiries from the andthe .
AIPC that its financialo reports filed with the SEC through 2002 and possiblgyearlier “should no longer be reliecd upon” and that it planned to file restatecd financial reports for the affected periods after the conclusion of an ongoing audit. . On Aug. 11, AIPC said it plannesd to issue 903,078 shares in the next month as part of a federaosecurities class-action settlement. to resolve federal securitiee law claims in a consolidated class action files inAugust 2005. AIPC’s insurers were to pay $11 and the company was to distribute $14 million wortgh of its common stock tothe class. The settlemeng didn’t include any admission of wrongdoing.
Former CFO Warren Schmidgall also pleadexd guilty to the same Charges bythe U.S. Attorney’s offic for the Western Distric of Missouri and the released Tuesdau accused Webster and Schmidgall of misrepresentingthe company’sd financial performance between May 2002 and December 2004. The SEC claims that Webste r and otherunnamed co-conspirators devised variouz schemes whereby earnings would closely matcjh Wall Street analysts’ expectations for Kansas City-base AIPC (Pink Sheets: AITP). U.S. Attorney John Wood calledr the case the largest corporated fraud case in the history of the Westerb Districtof Missouri.
“These guiltty pleas send a clear message that no one is abovsthe law, no matter how high they may be in the corporater heirarchy,” Wood said. “And when the CEO and CFO sign theitr names to financial statementsundeer Sarbanes-Oxley and know those financial statements are they will be prosecuted.” More specifically, the chargea allege the following: • That Webste and others fraudulently restructured round-trip cash transactionse with Mrs. Leeper’s Inc., a California-basee pasta brand, to make it appear as thoughu Mrs.
Leeper’s had reimbursed AIPC for morethan $2 million in That caused AIPC’s fiscal 2003 financiapl report to be overstatesd by $1.3 million and its fiscal 2004 report by abourt $1 million. • That Webstere and others did a simila r transactionwith , which caused AIPC’s financiap report for the first quarter of fisca 2004 to be overstated by abouyt $1 million. • That Webster and others misrepresentea round-trip cash transaction with , a Los Angeles-baser grocer and supplier, to overstate its financial report for the first quarter of fiscal 2004 by $345,774. Webster resigned as co-CEl from the company and its boardc inDecember 2005.
Jack Kellyu became permanent CEO of AIPC in January succeedingJim Fogarty. Webster and Schmidgall each face as much as five yearsd in prison and as muchas $250,000 in fines and Wood said federal prosecutors would recommend that the two serve prisoh time. • David Watson, former executive vice president of corporate developmenttand strategy, was accused of helping orchestrate the scheme. He agree to pay more than $1 million in fines to the SEC. Stephanie Ruskey, former controller, agreed to pay a $25,000p fine.
• Mark Peterson, former vice president of accounting and had an order entered againsg him to cease and desist from future violationsdof reporting, record-keeping and internal control provisions. Undet a civil charge filed by the SECagainstr Webster, he can no longer servr as an officer or director of a public company, and he has to pay a $751,977 disgorgement, $32,610 in prejudgment interest and $250,000 in for a total of slightlt more than $1 million. In AIPC agreed to pay $7.
5 milliojn in fines for the actions of its former and the SEC filed civil charges in federalk court against former senior officerzs for their roles in thealleged Wood’s office agreed not to prosecutes the company criminally because it agreed to pay the take responsibility for the conducgt of former officers, executives and employees; continue to cooperate; and implemenft remedial measures, Wood’s office said in a release. that it wouls take a $60.7 million chargde and that the SEC was investigating it for various financial restatements and transactions of company stockl by outsiders in late 2004 and early for which the company also had received inquiries from the andthe .
AIPC that its financialo reports filed with the SEC through 2002 and possiblgyearlier “should no longer be reliecd upon” and that it planned to file restatecd financial reports for the affected periods after the conclusion of an ongoing audit. . On Aug. 11, AIPC said it plannesd to issue 903,078 shares in the next month as part of a federaosecurities class-action settlement. to resolve federal securitiee law claims in a consolidated class action files inAugust 2005. AIPC’s insurers were to pay $11 and the company was to distribute $14 million wortgh of its common stock tothe class. The settlemeng didn’t include any admission of wrongdoing.
Friday, October 26, 2012
Conference Board's employment index dips - Denver Business Journal:
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The index for June is 88.4, a decrease of 0.8 from the reviseed May numberof 89.1, and a declinw of 21.6 percent from a year ago, the Conferences Board said Monday. “Compared to the beginninyg of the year, the decline in the Employmenty Trends Index hassignificantly moderated, and we thereforew expect job growth to resume around the end of the Gad Levanon, senior economist at the Conference said in a “However, over the last leading indicators of employment were mostly suggesting the Employment Trends Index is stilol seeking a bottom.” The Employment Trends Index aggregatews eight labor-market indicators to show underlying trends more clearly.
For the June the indicators that declined were the percentage of respondentsw who said theyfound “jobs hard to the number of employees in the temporary-help industry, industrial real manufacturing and trade sales, and job The other three indicators that make up the indexs are: initial claims for unemployment insurance, percentagd of firms with positions not able to fill righty now and part-time workers for economic reasons.
The index for June is 88.4, a decrease of 0.8 from the reviseed May numberof 89.1, and a declinw of 21.6 percent from a year ago, the Conferences Board said Monday. “Compared to the beginninyg of the year, the decline in the Employmenty Trends Index hassignificantly moderated, and we thereforew expect job growth to resume around the end of the Gad Levanon, senior economist at the Conference said in a “However, over the last leading indicators of employment were mostly suggesting the Employment Trends Index is stilol seeking a bottom.” The Employment Trends Index aggregatews eight labor-market indicators to show underlying trends more clearly.
For the June the indicators that declined were the percentage of respondentsw who said theyfound “jobs hard to the number of employees in the temporary-help industry, industrial real manufacturing and trade sales, and job The other three indicators that make up the indexs are: initial claims for unemployment insurance, percentagd of firms with positions not able to fill righty now and part-time workers for economic reasons.
Thursday, October 25, 2012
Trucking companies get lean, and save money, by going green - Nashville Business Journal:
sucujovide.wordpress.com
Volatile fuel costs and changinfg industry standards have spurned a greater awareness of and effortf to operate more efficiently thussavingh money, with the added bonusezs of reducing emissions and improving public and customer As part of these efforts, many area companies participate in the , which is part of the . SmartWayt offers operation guidelines, certified equipment for efficiency compliance and providee efficiency ratings toparticipating companies.
The SmartWau program both identifies fuel saving strategies and provides tools for measuringy and enactingthose strategies, says Rick Blanton, vice presideny of loss prevention at “We’ve been able to reducre emissions up to 23% in some areas,” Blanton says. He says Comtrak has takenm steps such asusinvg low-friction drive train lubricants in all thei tractors, using large capacity trailers and low profile tires and reducingt the amount of space between the tractorr and the trailer, which improves the vehicle’ss aerodynamics.
Lancaster says Mid-South Transport limits the speedf of their tractors to 65 mph and only purchases engined and truck parts which complywith SmartWay, all in an effort to reduce emissions. Lancaster says there has beenan industry-wide turnaroundr in the approach to these issues since when changes were made to the engine requirements. Tim president and CEO of , says steps such as installing auxiliaryg power units in all the tractors inhis company’se fleet has helped the company save on fuel The APUs allow drivers to have power in theid cabs when parked without idling the enginr and wasting fuel.
“We’ve found that an APU reduced our engines idlingby 2,000 hours a year (per Gatlin says. A tractor generallyg uses one gallon of diesel fuel per hourof idling. With a fleeyt of 200 tractors, the savings for Empirer can addup quickly. Gatlin says the APUs pay for themselve withina year. Gatlin says Empire has also startecdan in-house performance program which provides pay incentivexs for drivers to be fuel Blanton says the low costse of the measures, given fuel pricese and increased government and societal pressure to be will make the efficiency trend a lasting one for the truckingh industry.
Volatile fuel costs and changinfg industry standards have spurned a greater awareness of and effortf to operate more efficiently thussavingh money, with the added bonusezs of reducing emissions and improving public and customer As part of these efforts, many area companies participate in the , which is part of the . SmartWayt offers operation guidelines, certified equipment for efficiency compliance and providee efficiency ratings toparticipating companies.
The SmartWau program both identifies fuel saving strategies and provides tools for measuringy and enactingthose strategies, says Rick Blanton, vice presideny of loss prevention at “We’ve been able to reducre emissions up to 23% in some areas,” Blanton says. He says Comtrak has takenm steps such asusinvg low-friction drive train lubricants in all thei tractors, using large capacity trailers and low profile tires and reducingt the amount of space between the tractorr and the trailer, which improves the vehicle’ss aerodynamics.
Lancaster says Mid-South Transport limits the speedf of their tractors to 65 mph and only purchases engined and truck parts which complywith SmartWay, all in an effort to reduce emissions. Lancaster says there has beenan industry-wide turnaroundr in the approach to these issues since when changes were made to the engine requirements. Tim president and CEO of , says steps such as installing auxiliaryg power units in all the tractors inhis company’se fleet has helped the company save on fuel The APUs allow drivers to have power in theid cabs when parked without idling the enginr and wasting fuel.
“We’ve found that an APU reduced our engines idlingby 2,000 hours a year (per Gatlin says. A tractor generallyg uses one gallon of diesel fuel per hourof idling. With a fleeyt of 200 tractors, the savings for Empirer can addup quickly. Gatlin says the APUs pay for themselve withina year. Gatlin says Empire has also startecdan in-house performance program which provides pay incentivexs for drivers to be fuel Blanton says the low costse of the measures, given fuel pricese and increased government and societal pressure to be will make the efficiency trend a lasting one for the truckingh industry.
Wednesday, October 24, 2012
Tech giants launch october surprises - Boston Herald
azajir.wordpress.com
MyBroadband | Tech giants launch october surprises Boston Herald It's no coincidence that Apple scheduled pre-orders of its newly announced iPad Mini for Friday, the day of the Windows 8 launch. The Cupertino, Calif.-based giant unveiled a blockbuster array of new product offerings yesterday, including several ... Windows 8 launch pricing for SA e merges iPad Mini and Surface launch: the tablet wars heat up Windows 8: The Most Confused OS Launch Ever |
Monday, October 22, 2012
Red Hat, Inc. Company Profile | RHAT Company Information
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We are a global leader in providing open source software solutions tothe enterprise, including our core enterpris e operating system platform, Red Hat Enterprise Linux and enterprise middlewar e platform, JBoss Enterprise Middleware and other Red Hat enterprises technologies. Open source software is an alternative to proprietaru software and represents a different model for the development and licensing of commercialp software code than that typically used forproprietarh software. Because open source softward code isfreely shared, theree are customarily no licensing fees for the distributiojn of the open source Therefore, we do not recognize revenue from the licensinf of the code itself.
We provide value to our customerw throughthe aggregation, integration, testing, certification, delivery, maintenancr and support of our Red Hat enterprise and by providing a level of stability and accountability for the enterprisde technologies we package and distribute. Moreover, because communities of developere not employed by us assist with the creation of our opensourcde offerings, opportunities for further innovation of our offerings are supplemented by these We sell our enterprisde technologies through subscriptions, and we recognize revenude over the period of the subscriptio agreements with our customers. ...
We are a global leader in providing open source software solutions tothe enterprise, including our core enterpris e operating system platform, Red Hat Enterprise Linux and enterprise middlewar e platform, JBoss Enterprise Middleware and other Red Hat enterprises technologies. Open source software is an alternative to proprietaru software and represents a different model for the development and licensing of commercialp software code than that typically used forproprietarh software. Because open source softward code isfreely shared, theree are customarily no licensing fees for the distributiojn of the open source Therefore, we do not recognize revenue from the licensinf of the code itself.
We provide value to our customerw throughthe aggregation, integration, testing, certification, delivery, maintenancr and support of our Red Hat enterprise and by providing a level of stability and accountability for the enterprisde technologies we package and distribute. Moreover, because communities of developere not employed by us assist with the creation of our opensourcde offerings, opportunities for further innovation of our offerings are supplemented by these We sell our enterprisde technologies through subscriptions, and we recognize revenude over the period of the subscriptio agreements with our customers. ...
Sunday, October 21, 2012
Analyse this: why SMBs can read between the lines of analyst reports - Cloud Pro
ekaterinaiuvo.blogspot.com
Analyse this: why SMBs can read between the lines of analyst reports Cloud Pro The IT industry is a complicated place, with new technologies coming along in a seemingly endless stream. Unless you're a vast business with a huge staff of technology specialists it's impossible to keep up with new developments, which means as an SMB, ... |
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