Monday, September 30, 2013

Google puts constitutions online

Google 貼牌冰箱(Google Refrigerator)
Google 貼牌冰箱(Google Refrigerator) (Photo credit: Aray Chen)
Around the world, nations have written constitutions that rule them, and a Google-aided project now has placed some 177 constitutions online. Google's Ideas think tank has helped create a fascinating online collection of constitutions for scores of nations around the world where visitors can explore and learn about how the documents change over time. The new site, called Constitute, was built by the Comparative Constitutions Project and supported with the help of the Google Ideas think tank, Sara Sinclair Brody, the Google Ideas product manager, wrote in a Sept. 23 post on the Google Official Blog. "Constitutions are as unique as the people they govern, and have been around in one form or another for millennia," wrote Brody. "But did you know that every year approximately five new constitutions are written, and 20 to 30 are amended or revised? Or that Africa has the youngest set of constitutions, with 19 out of the 39 constitutions written globally since 2000 from the region?" Those are the kinds of facts and lessons that can be gleaned from this intriguing collection of some 177 constitutions, which includes original and amended versions from many nations. - See more at: http://www.eweek.com/cloud/google-think-tank-helps-build-virtual-museum-for-world-constitutions.html#sthash.rvSkjYML.dpuf
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Sunday, September 29, 2013

High risk credit card processing for Pharmacy

eComTechnology Payment Processing
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Saturday, September 28, 2013

CEOs support efforts to avert government shutdown

Some of America's leading CEOs are beating a familiar path to Washington to support efforts to avert a government shutdown and raise the U.S. borrowing limit, warning lawmakers that the threat of the first debt default in the country's history is damaging the economy.
The business leaders, all members of a group called "Fix the Debt," said they went to Capitol Hill last week with a simple message for Republicans and Democrats, but it is the same as the one they delivered in budget standoffs of 2011 and 2012.
"Engage in whatever political machinations you wish, but do not default," said Honeywell International Inc (HON.N) Chief Executive David Cote. "Don't throw away a credit history built up since George Washington."
For these corporate leaders, it's a bit like the movie "Groundhog Day," where the main character lives the same day over and over, wondering whether there is a way out of the scene.
The U.S. government faces the possibility of a partial shutdown on October 1 as Congress struggles to pass an emergency spending bill that the Republican-controlled House of Representatives wants to use to defund President Barack Obama's healthcare law. The Democrat-controlled Senate and the White House reject the Republican position. If the gridlock persists then a spending bill may not be passed into law by the Tuesday deadline, triggering the shutdown.
Even though many of the CEOs believe federal spending is excessive and a large budget deficit puts U.S. economic health at risk, they want Congress to pass the spending bill and raise the limit on government borrowing.
On Friday, the U.S. Chamber of Commerce and 235 other business groups joined the push. In a joint letter to Congress, they urged lawmakers to fund the government past the deadline and to "act expeditiously to raise the nation's debt limit."
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Friday, September 27, 2013

Bangladesh holds largest garment protest

About 50,000 garment industry workers held their largest protest so far in the Bangladeshi capital of Dhaka to demand an increase of more than 1-1/2 times in the minimum wage, police and labor officials said on Saturday.
"Our backs are against the wall, so we don't have any alternative unless we raise our voice strongly," Nazma Akter, president of the United Garments Workers' Federation, which groups 52 garment worker's groups, told the peaceful protest.
"We will not hesitate to do anything to realize our demand."
Bangladesh's $20-billion garment export industry employs roughly 4 million workers who earn about 3,000 taka ($38) a month, or half what Cambodian factory workers now earn. They want a raise to 8,000 taka ($103) per month.
"We are not the object of mercy, the economy moves with our toil," Akter added.
Although the factory owners earlier agreed to a raise of just 20 percent, the workers refused this, calling it "inhuman and humiliating".
The four-hour protest ended at 1200 GMT. "It is the largest gathering of its kind to realize their demand for raising wages," said Dhaka Metropolitan Police Chief Habibur Rahman.
Earlier more than 300 factories in an industrial zone near the capital shut production as workers came out in support of the same demand, blocked a highway and damaged several vehicles.
At least 10,000 workers from different garment factories took to the highway, said Mosharraf Hossain, assistant superintendent of industrial police in Gazipur, 30 km (18 miles) north of the capital.
Joined by workers from adjacent factories, they vandalized several factories, he added, which prompted the owners of more than 300 units to halt production for the day, fearing more vandalism. The workers later joined the Dhaka rally.

The government is in talks with labor groups and factory owners on a new minimum wage. Bangladesh last hiked its minimum garment-worker pay in late 2010, almost doubling the lowest pay.
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Thursday, September 26, 2013

Toronto-Dominion Bank (TD.TO) will pay $52.5 million in civil penalties

Toronto-Dominion Bank
Toronto-Dominion Bank (Photo credit: Wikipedia)
Toronto-Dominion Bank (TD.TO) will pay $52.5 million in civil penalties to settle charges by U.S. regulators that it violated securities laws in connection with a Ponzi scheme conducted by Florida lawyer Scott Rothstein, who is serving a 50-year prison term.
The Canadian bank was fined $37.5 million by the Financial Crimes Enforcement Network and Office of the Comptroller of the Currency, and $15 million by the U.S. Securities and Exchange Commission.
Regulators said that from April 2008 to September 2009, TD Bank violated the federal Bank Secrecy Act by failing to uncover and report in a timely manner suspicious activities in accounts belonging to the law firm where Rothstein ran a $1.2 billion Ponzi scheme.
The SEC said TD, through regional Vice President Frank Spinosa, "told outright lies to investors," issuing misleading documents and making false statements about Rothstein's accounts that led investors to believe their money was safe.
"Financial institutions are key gatekeepers in the transactions and investments they facilitate and will be held to a high standard of accountability when their officers enable fraud," Andrew Ceresney, co-director of the SEC enforcement division, said in a statement.
FinCEN said it was not until after a 2011 review that TD Bank filed five reports identifying $900 million of "suspicious activity" involving Rothstein.
"In the face of repeated alerts on Mr. Rothstein's accounts by the bank's anti-money laundering surveillance software over an 18-month period, the bank did not do enough to prevent the pain and financial suffering of innocent investors," FinCEN Director Jennifer Shasky Calvery said in a statement.

TD spokeswoman Rebecca Acevedo said: "TD Bank is pleased to resolve these regulatory concerns and to put the Rothstein matter behind us."
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Wednesday, September 25, 2013

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Tuesday, September 24, 2013

JP Morgan just keeps buying their way another 309 million

It's more bad news for JPMorgan Chase.

The country's largest bank has been ordered to refund $309 million to customers and pay $80 million in fines over alleged unfair credit card billing, regulators at the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency announced Thursday.JPMorgan said it had already issued refunds to the roughly 2.1 million customers regulators say are eligible.
The OCC also ordered JPMorgan to make substantial reforms to its debt collection practices after allegedly submitting fraudulent or inaccurate documents in litigation with consumers.
The news comes on the same day U.S. and U.K. officials announced that the bank would pay $920 million in fines over the "London Whale" trading debacle.
The CFPB said JPMorgan (JPM, Fortune 500) had unfairly charged consumers for credit monitoring services they did not receive between October 2005 and June 2012.
The bank is accused of enrolling customers in these credit card "add on" products, which promised to alert them to potential fraud, without their authorization. The promised services, the CFPB added, "were either not being performed at all, or were only partially performed."
"At the core of our mission is a duty to identify and root out unfair, deceptive, and abusive practices in financial markets that harm consumers," CFPB Director Richard Cordray said in a statement. "This order takes action against such practices."
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Monday, September 23, 2013

Japanese investment banking unit of UBS AG was ordered on Wednesday to pay a $100 million

Three keys logo by Warja Honegger-Lavater.
Three keys logo by Warja Honegger-Lavater. (Photo credit: Wikipedia)
A Japanese investment banking unit of UBS AG was ordered on Wednesday to pay a $100 million criminal fine after pleading guilty to wire fraud in connection with its role in the manipulation of the benchmark interest rate Libor.
UBS Securities Japan Co had entered its plea last December 19, one day after its Zurich-based parent agreed to pay about $1.5 billion in penalties to resolve criminal, civil and regulatory probes by authorities in the United States, the United Kingdom, Switzerland and Japan into alleged rate manipulation.
The U.S. Department of Justice agreed at the time not to prosecute UBS, apart from the Japanese unit. In exchange, UBS admitted wrongdoing tied to rate manipulation.
"Make no mistake - for UBS traders, the manipulation of Libor was about getting rich," Lanny Breuer, who at the time led the Justice Department's criminal division, said in discussing the settlement last December.
Wednesday's penalty is part of the global settlement, and was outlined in a joint sentencing recommendation on September 12 by the Justice Department and UBS Securities Japan.
The penalty was approved by U.S. District Judge Robert Chatigny in Hartford, Connecticut. UBS has offices in Stamford, also in Connecticut.
Karina Byrne, a UBS spokeswoman, declined to comment.
Libor is also known as the London Interbank Offered Rate, and is used to set rates for trillions of dollars of mortgages, credit cards, student loans, derivatives contracts and other financial instruments.
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Sunday, September 22, 2013

Google purchasing more wind

English: The , also known as the Green Mountai...
English: The , also known as the Green Mountain Energy Wind Farm, near . (Photo credit: Wikipedia)
Google announced today plans to purchase the entire output of the 240-megawatt Happy Hereford wind farm outside of Amarillo, Texas—the company’s fifth long-term agreement and its largest commitment yet.
To date, Google has contracted for more than 570 MW of wind energy, enough energy to power about 170,000 U.S. households, the company in a post on its official blog. Ultimately, Google has a goal to power its operations with 100 percent renewable power.
The wind farm, which is being developed by a Native American-owned company called Chermac Energy, is expected to start producing energy late next year, according to Google. The wind farm will provide energy to the Southwest Power Pool, a regional grid that serves Google’s Mayes County, Okla.-based data center.
That means the energy produced by the wind farm won’t power the data center directly. Once Google buys the renewable energy, the company will retire the renewable energy credits and sell the energy itself to the wholesale market.
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Saturday, September 21, 2013

Wall street engaging in speculative trading

Wall Street banks, including JPMorgan (JPM.N), have engaged in speculative trading and stockpiled U.S. renewable fuel credits turning a federal environmental program into a profit stream, The New York Times reported on Sunday.
A JPMorgan trader pressed the bank to buy all the Renewable Identification Numbers (RINs) it could, The Times said citing an unnamed industry executive. Prices for the credits spiked by as much as 20-fold between January and mid-summer.
With the supply of available RINs growing tighter, JPMorgan offered to sell hundreds of millions fuel credits to refiners this year, The Times reported.
JPMorgan's role and that of other banks in the RINs market has hurt U.S. refineries that often acquire RINs to avoid stiff penalties from the U.S. Environmental Protection Agency (EPA), The Times reported, adding that the moves have likely contributed to higher gasoline prices at the pump.
U.S. refiners and gasoline importers must generate or buy RINs to comply with EPA rules requiring they blend growing quantities of ethanol into gasoline supplies. RINs prices spiked from 7 cents in January to a high of $1.43 this summer, before retreating to 60 cents, the newspaper said.
The price spike has saddled U.S. refineries with huge bills and refiners have passed along the higher costs to consumers, the report said.
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Friday, September 20, 2013

Credit card processing at CanAmPay payment solutions

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To get a merchant account, you must go through an application process to assure your business is qualified and to assume this responsibility.  CanAmPay has succeeded with their clients for a decade now and been the driving force behind their clients success.
Applying for a merchant account is similar to applying for a business bank account or loan.
CanAmPay evaluates each application to assure the company and owner do not have unresolved issues with past merchant accounts.  Discrepancies in the your documents, extended truths will not produce a successful application, however pointing out where you went wrong the last time might make you successful the second time around.
CanAmPay is an extension of what the banks demand for a successful application.  CanAmPay matches the client with a bank worldwide and has been successful at this for 10 years now.
eComTechnology is a registered ISO/MSP for BMO Harris Bank, N.A., Chicago, IL., and Wells Fargo Bank, N.A., Walnut Creek, CA.
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Thursday, September 19, 2013

Zapp has struck a deal with WorldPay

Zapp Mobile
Zapp Mobile (Photo credit: Wikipedia)
Zapp has struck a deal with WorldPay that will see its mobile payments system made available to thousands of merchants, including big names such as WH Smith and McDonald's, from next year.
Set up by VocaLink earlier this year, Zapp is promising to bring real-time mobile payments - in store, online and through apps - to millions of Brits by linking their bank accounts and phone numbers.

Banks who agree to take part in the service (Zapp says it is in advanced talk with five of the six major high street players) will integrate the system into their mobile apps and then invite customers to opt in.

Then, at participating retailers, users shopping on their phone or tablet who click the pay by Zapp button will be taken to their mobile banking app, where they will be shown their account balance before being asked to confirm the transaction.

On a desktop or in-store, the payment terminal or browser will generate a six digit Zapp code which the user enters into their mobile app to complete the transaction. 
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Wednesday, September 18, 2013

Societe Generale, France's No. 2 listed bank, is exploring the sale of its Asia private banking arm

English: Societe Generale logo
English: Societe Generale logo (Photo credit: Wikipedia)
Societe Generale, France's No. 2 listed bank, is exploring the sale of its Asia private banking arm, people familiar with the matter told Reuters, seeking to exit a market where small managers are getting hit by rising costs and competition.
The Singapore-based division could fetch around $600 million, the people familiar said, though the actual sale price has yet to be determined and may exceed that figure. The sources declined to be identified as the discussions are confidential.
A Paris-based spokeswoman for SocGen declined comment.
SocGen is the third major global financial institution to seek to sell its Asian wealth arm in the last five years, as the region's surging tide of millionaires and billionaires have posed a challenge to smaller private banks, which lack the asset base to compete with large global players and local upstarts.

According to the 2013 Capgemini/RBC Wealth Report, Asia Pacific is expected to be the region with the world's biggest population of high net worth individuals by next year. Its wealthy currently hold $12 trillion in assets, second behind North America with $12.7 trillion.
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Tuesday, September 17, 2013

High risk credit card processing for pharmacy


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Monday, September 16, 2013

Everybody is busy

We're all just so "busy" these days. "Slammed" in fact. "Buried." Desperately "trying to keep our heads above water." While these common responses to "How are you?" seem like they're lifted from the Worst Case Scenario Handbook, there seems to be a constant exchange, even a a one-upping, of just how much we have on our plates when we communicate about our work.

My favorite "busy" humble-brag was that of a potential client who apologized for lack of communication due to a "week-long fire drill." What does that even mean? Does this mean there were fake fires, but not real ones, all week? Does calling it a "drill" mean that everything is okay? Is your business in flames? Should I call someone?

Then there was the date I had with a fellow who was so busy "crashing on deadlines" that he asked me to "just make a reservation somewhere" for him. I was floored.

So much of this is about out-doing each other. To say that "I'm busier than you are" means I'm more important, or that my time is more valuable, or that I am "winning" at some never-finished rat race to Inbox Zero. (Inbox Zero is another absurd contest to tackle at another time.) What you're trying to say with these responses is: I'm busier, more in-demand, more successful.

Here's the thing: it's harming how we communicate, connect, and interact. Everyone is busy, in different sorts of ways. Maybe you have lots of clients, or are starting a new business, or are taking care of a newborn. The point is this: with limited time and unlimited demands on that time, it's easy to fill your plate with activities constantly. But this doesn't mean that you should.

To assume that being "busy" (at this point it has totally lost its meaning) is cool, or brag-worthy, or tweetable, is ridiculous. By lobbing these brags, endlessly puffing our shoulders about how "up to my neck" we are, we're missing out on important connections with family and friends, as well as personal time. In addition to having entire conversations about how busy we are, we fail to share feelings with friends and family, ask about important matters, and realize that the "busy" is something that can be put on hold for a little while.

I am not trying to belittle anyone's work-load in the slightest. But in using it as a one-upping mechanism, we're failing to connect in a very substantial way. And we're making the problem worse: When everyone around us is "slammed," it's easy to feel guilty if we're not slaving away on a never-ending treadmill of toil. By trying to compete about it, we're only adding to that pool of water everyone seems to be constantly "treading" in. And all this complaining is having serious effects on our mental health.

And yet we continue to use long hours as a sort of macho badge of honor.

We need to work smart, not (just) hard.

Just because you clocked 15 hours at your office, with likely dry eyeballs and a complete lack of focus, doesn't mean you've accomplished things in a smart way. Many people have written or spoken about this. Typically, you have 90-120 minutes before you devolve into internet fodder or social media. If you're putting in 15 straight hours at your desk, without breaks, how good is your output? How much time are you wasting?
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Sunday, September 15, 2013

U.S. television broadcasters won a significant court battle

Image representing CBS as depicted in CrunchBase
Image via CrunchBase
U.S. television broadcasters won a significant court battle when a federal judge shut down an online television service in most parts of the country until a lawsuit on the issue is resolved.
FilmOn allows users to watch live television on their computers or mobile devices by streaming local news broadcasts and national television programs.
Twenty-First Century Fox Inc, Walt Disney Co's ABC and other networks sued FilmOn in May, claiming the service pays no licensing fees and is stealing their copyrighted content.
The broadcasters are likely to succeed on their claims that FilmOn violates their exclusive rights to their copyrighted television programming, said U.S. District Judge Rosemary Collyer of Washington, D.C.
The case, and others like it, are being closely watched by the television industry because services like FilmOn threaten the traditional broadcast model and broadcasters see them as a challenge to their ability to control subscription fees and generate advertising income.
FilmOn, formerly known as Aereokiller, did not immediately respond to a request for comment.
FilmOn is also being sued in California by several broadcasters, including CBS Corp and Comcast Corp's NBC.
A more prominent television streaming service, Barry Diller's IAC-backed Aereo Inc, is being sued in New York.
While the U.S. 2nd Circuit Court of Appeals in New York refused to shut down Aereo while that lawsuit continues, a federal judge in California did bar FilmOn from operating in that state and the others in the U.S. 9th Circuit Court of Appeals.
The injunction issued by Collyer applies nationwide, except in the jurisdiction of the 2nd Circuit, which includes New York, Connecticut and Vermont. The 2nd Circuit's decision in the Aereo case applies in that geographical region, Collyer said.
Fox was "pleased but not surprised" that the Washington court granted the injunction and hopes the decision "will discourage other illegal services from attempting to steal our content," said Fox spokesman Scott Grogin.

An ABC spokesperson said the "decision is a further confirmation" that "internet retransmission of broadcast signals without permission is unlawful."
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Saturday, September 14, 2013

Enbridge still cleaning up Kalamazoo after three years

Enbridge pipeine marker
Enbridge pipeine marker (Photo credit: Environmental Defence)
Three years after an Enbridge pipeline ruptured and spilled 3.3 million litres of oil into Michigan's Kalamazoo River, the company is still cleaning up and learning lessons about the way diluted bitumen behaves in fresh water.
The biggest lesson, simply put, is that bitumen sinks.
"Everybody learned from this incident about what we can do differently. Every one of us, from the regulators, to the contractors, to ourselves, have come away from this saying, 'I know what I would do differently the next time,'" explained Leon Zupan, Enbridge's chief operating officer.
The U.S. Environmental Protection Agency has ordered Canada's largest pipeline company to return to the river to dredge areas where the agency believes remains of the heavy bitumen fossil fuel have collected. The March 2013 order came nine months after most of the 56-kilometre stretch of the river affected by the spill was reopened to the public.
The Kalamazoo incident is the largest inland spill in the history of the U.S., and has already cost Enbridge more than $1 billion.
The EPA believes there is at least 684,000 litres of bitumen still in the river. Before March's cleanup order was issued, Enbridge and the EPA went back and forth over how much oil there was and whether or not dredging it would do more harm than good to the Kalamazoo's ecosystem.
In the end, the EPA prevailed.
"They [Enbridge] don't agree with the way we develop our number. And, you know what, we're the agency and I'm not going to let them dictate how we do science," said Jeff Kimble, the EPA's incident commander in Marshall, Mich.
Bitumen sinks in fresh water
Scientific differences aside, the company agreed to the regulator's demand and began its work in August.
For Enbridge and the EPA, the main lesson from the last three years is the need to recover the diluted bitumen, or dilbit, as soon as possible.
"If you know up front that you're dealing with an oil that has the potential to sink, attack it right away and get it off the surface while you can," explained Kimble.
Enbridge agrees. "If you can err in doing some damage to get the oil out sooner, then the long-term impacts are greatly mitigated," said Zupan.
For Enbridge, though, the Kalamazoo experience changed more than just the way it responds to emergencies. Zupan said the company's whole culture around safety is now different.
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Friday, September 13, 2013

Apple Inc liable for conspiring to fix e-book prices

A U.S. judge who found Apple Inc liable for conspiring to fix e-book prices entered an injunction on Friday to bar the iPad maker from further antitrust violations.
U.S. District Judge Denise Cote in Manhattan said Apple could not enter into agreements with five major U.S. publishers that would impede its ability to reduce e-book retail prices or offer price discounts.
The judge also said she would appoint an external monitor to review Apple's antitrust compliance policies, procedures and training for two years.
The terms of the judgment will expire after five years, but Cote's order allows for extensions in one-year increments if necessary.
The injunction followed a July 10 ruling by Cote finding Apple conspired with five publishers to undermine e-book pricing established by the dominant retailer in the market, Amazon.com Inc.
The five publishers, all of which have settled with regulators, include Lagardere SCA's Hachette Book Group Inc, News Corp's HarperCollins Publishers LLC, Penguin Random House LLC, CBS Corp's Simon & Schuster Inc and Verlagsgruppe Georg von Holtzbrinck GmbH's Macmillan.
The U.S. Justice Department, which sued Apple in April 2012, had initially sought an even broader injunction that could have touched on the company's agreements with suppliers of other types of content, such as movies, music and TV shows.
But Cote had made clear at a hearing last week that she would not go that far, saying she wanted the injunction "to rest as lightly as possible on how Apple runs its business.
The Justice Department nonetheless welcomed the injunction.

"Consumers will continue to benefit from lower e-books prices as a result of the department's enforcement action to restore competition in this important industry," Assistant Attorney General Bill Baer said in a statement.
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Thursday, September 12, 2013

PetroChina deepening corruption scandel

PetroChina (0857.HK) (601857.SS) has tightened control over its managers and stepped up safety inspections to ensure the "shock" from a deepening corruption scandal doesn't disrupt the global operations of the Chinese energy giant, officials told Reuters.
So far there have been no reports of operational problems or signs PetroChina is backing out of any deals or tenders in the wake of the investigation, which has implicated five former senior executives at PetroChina and its parent company, including ex-chairman Jiang Jiemin, in the past 10 days.
PetroChina's operations span the globe, from oil production facilities and pipelines to refineries and petrochemical projects. Its market capitalization of $232 billion makes it one of the world's most valuable oil firms.
"This is an extraordinary period. PetroChina is afraid this incident will affect normal production," said one senior PetroChina official who declined to be identified because he was not authorized to speak to the media.
PetroChina spokesman Mao Zefeng could not be reached for comment.
The company had issued an internal memo asking director-level managers - a group numbering up to 1,000 people - to essentially clock-in each day to show they were at work, a second PetroChina official said.
He said the aim was to make sure operations were not disrupted, but also in case directors tried to flee China or were needed as part of the investigation, one of the biggest ever at a Chinese state-owned firm.
The first official said the company had "stepped up day-to-day management" and supervision of operations and was ensuring all employees reported for work daily.
For example, safety inspections were being done more frequently to make sure there were no industrial accidents that could cause supply disruptions.
PetroChina has operations throughout China as well as in Asia, Latin America, Africa, Central Asia, the Middle East, Russia and the United States.
Company representatives were also in Hong Kong on Thursday to meet investors to try to soothe their concerns about the outlook for the company, said the first official.
PetroChina officials and industry specialists have already said the company's days of super-charged spending could be over as it seeks to steer clear of the legacy of Jiang, who oversaw a surge in capital expenditure to 352.5 billion yuan ($57.60 billion) last year from 181.6 billion yuan in 2007.
The company's shares in Hong Kong closed down more than 4 percent on August 28 after it announced the first investigations, but it has since recouped those losses.
SHOCK AND CONFUSION
The two officials said there was shock and confusion inside PetroChina, a company with 550,000 employees and 320,000 contractors.
"You could describe it as an earthquake, or even a volcanic eruption," said the second official, who declined to be named due to the sensitivity of the topic.
Executives close to the officials being investigated were frightened, he added.
The government said on Sunday it was investigating Jiang, who is also a former chairman of parent company China National Petroleum Corp (CNPC), for "serious discipline violations", shorthand generally used to describe graft.
The others under investigation are former CNPC vice president Wang Yongchun and three former executives at PetroChina - vice president Ran Xinquan, chief geologist Wang Daofu and board secretary Li Hualin, who was also a vice president of CNPC and chairman of PetroChina's liquefied natural gas distribution arm Kunlun Energy (0135.HK).

The government has not detailed the accusations against them. It was unclear if they or Jiang have lawyers.
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Wednesday, September 11, 2013

Chesapeake Energy Corp to drop fracking leases in New York States

Chesapeake Energy Corp (CHK.N) will finalize an agreement next week to drop about 12,000 acres of land leased for energy drilling in New York state, as a moratorium on fracking continues into its sixth year.
Reuters reported last month that Chesapeake decided to walk away from about 100 leases in Broome and Tioga Counties in the south of the state, ending a two-year legal battle with landowners who wanted to cancel expired leases or renegotiate for better terms.
Lawyers representing Chesapeake said in a letter to the U.S. Court of Appeals for the Second Circuit on Tuesday that they were in the final stages of negotiating a settlement and that a deal is expected to be made official next week.
Lawyers representing landowners confirmed the impending agreement.
"Assuming there are no objections, we should sign the stipulation of settlement sometime next week," said Scott Kurkoski, a partner at Levene Gouldin & Thompson, who has sent the final settlement to his landowner clients for review.
Chesapeake had been appealing a decision by a federal court in New York state that ruled in November the company could not use a state ban on high volume hydraulic fracturing, known as fracking, as a reason to declare force majeure and hold on to leases beyond their expiry without offering landowners better terms.

Chesapeake's decision to drop the leases is a sign of the growing frustration of energy firms over operating in the Empire State, where most drilling is on hold. It is also an indication that the Oklahoma-based company is reining in spending after years of aggressive acreage buying left it with a huge debt.
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Tuesday, September 10, 2013

Unpaid intern hell: overtime, tuition fees

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How FCC Plans to Reverse Title II Action in December

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