Saturday, August 3, 2013

Bulgarian MPs Approve New BGN 1 B Foreign Debt

The Members of the Bulgarian Parliament approved Thursday a new loan in the amount of BGN 1 B, giving the government the authority to apply for it and receive it.

The vote happened in the frame of the second reading debates on revising State budget 2013.

According to the amendment to the State Budget Act, the Council of Ministries can now assume foreign State debt including through the issuing of government securities in international markets, totaling BGN 1 B or its equivalent in another currency, under the terms of follow-up ratification.

A total of 201 MPs were in plenary hall and took part in the vote.

107 voted for, 87 ? against, and 7 abstained.

Those against were from the opposition Citizens for European Development of Bulgaria party, GERB.

The debates on the budget actualization continue.

Source: http://www.novinite.com/view_news.php?id=152509

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Sri Lanka vs South Africa 1st T20 Video Highlights - SA v SL 2013

JP Duminy hit a fighting Half Century and then returned to pick up 3 wickets as South Africa sneaked through by 12 runs.

Click here to Watch the Sri Lanka vs South Africa 1st T20 Cricket Match Full Video Highlights

South Africa 115 for 6 (Duminy 51, Senanayake 3-14) beat Sri Lanka 103 for 9 (Sangakkara 59*, Duminy 3-18) by 12 runs?

Click here to Watch the Sri Lanka vs South Africa 1st T20 Cricket Match Full Video Highlights

Replay the manner in which South Africa were defeated four times on their tour of Sri Lanka so far and you would have expected them to lose this match as well. The top order failed, the middle order was exposed but only just hung together and the bowlers had too little to work with. But this time, they pulled off a heist despite all their deficiencies.

JP Duminy followed up his half-century with a match-winning bowling performance while Morne Morkel and Wayne Parnell finally showed capabilities of bowling at the death. Kumar Sangakkara's 59 was one of only two double-figure scores on Sri Lanka's card as the rest battled on a slow surface.

South African fans would not have expected that, after their team seemed to have lost the match before the first innings powerplay was even complete. Sri Lanka's offspinner Sachitra Senanayake plucked three wickets from a top order that has yet to find their confidence. Their bowlers, though, had theirs boosted after they defended a low total which required Sri Lanka to score just 37 runs in the last five overs.

Source: http://www.nowpublic.com/world/sri-lanka-vs-south-africa-1st-t20-video-highlights-sa-v-sl-2013

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Friday, August 2, 2013

Fisher Communications shareholders want more from Sinclair to sell

By Sruthi Ramakrishnan

(Reuters) - Three minority shareholders of Fisher Communications Inc said a $373 million takeover bid by Sinclair Broadcast Group Inc undervalues the TV broadcaster and are looking to activist investor Mario Gabelli to derail the offer.

Sinclair, which describes itself as the largest television broadcasting group in the United States, said in April it would buy Seattle-based Fisher for $41 a share in cash to expand its operations in the western United States.

For the deal to go through, about two-thirds of Fisher's shareholders need to vote in favor at a meeting scheduled for Tuesday, August 6.

Three investors in Fisher, with a cumulative stake of more than 5 percent, said they believed Sinclair's offer undervalued the company. They declined to be identified because of the sensitivity of the situation.

Despite opposing the offer, two of them said they would be unlikely to vote against it unless a larger shareholder were to push for a higher price.

That investor would probably need to be Mario Gabelli, whose 26.3 percent stake in Fisher as of March 31 made him the company's biggest shareholder.

"We'd need somebody like him to do that for us to come (out) against it," one of the minority shareholders said.

Gabelli's Gamco Investors Inc bought Fisher shares in separate tranches last month, at time paying just above Sinclair's offer price, according to SEC filings.

Gabelli told Reuters that his investment team was still divided on which way to vote. Some of his fund managers want a better price while others want to take the deal on offer.

"I will make the decision pretty soon," he said. "If we vote against, we will file a 13D ... probably no later than Monday."

With acquisitions totaling about $2 billion in the last year, Baltimore-based Sinclair has been among the most active TV station buyers in a broadcasting industry boom.

Renewed interest in TV stations has been driven by revenue streams available from advertising and cable operators, who pay stations re-transmission fees to carry their channels.

"We are excited by Fisher's standalone prospects. We believe Fisher would be valued significantly above $41 (a share) if the Sinclair deal is voted down," a second investor told Reuters.

A fair distribution of the value created through a Fisher-Sinclair combination would be $48 a share, the shareholder said.

Gabelli, whose funds handle more than $30 billion in assets, has been pushing Fisher for about a year to consider a leveraged restructuring with funds borrowed from shareholders. (http://link.reuters.com/gef22v)

Fisher declined to comment and Sinclair was not immediately available for comment.

Fisher's shares have risen 5 percent since the deal was announced, while Sinclair's stock is up 27 percent.

(Editing by Robin Paxton and Rodney Joyce)

Source: http://news.yahoo.com/fisher-communications-shareholders-want-more-sinclair-sell-134026499.html

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Why the return of the wolf is good news for the bear

New research shows that the reintroduction of wolves to Yellowstone National Park has brought a berry boon to bears, a find that suggests the far-flung, often unexpected impacts a top predator can have on its ecosystem.?

By Elizabeth Barber,?Contributor / July 29, 2013

The reintroduction of wolves to Yellowstone National Park after a 70 year disappearance has brought a berry boon to bears, scientists have found.

Yellowstone National Park

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The reintroduction of wolves to Yellowstone National Park has delivered a boon of berries to the area?s grizzly bears, according to new research that highlights the vast ecological reaches of an ecosystem?s top predators.

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Researchers at Oregon State University have found that a surge in the wolf population in the northwestern United States over the past 19 years has set off an ecological chain reaction that?s in the end good news for bears: more wolves has cut into elk numbers, thus raising the amount of available berries, thereby providing a juicy supply of food for bears. The new research joins mounting studies pinpointing how a food chain?s top animal ? from Spain?s lynx to the Pacific Ocean?s shark ? is critical to an ecosystem?s success, emphasizing the importance of programs aimed at protecting some of nature?s most ferocious predators.?

?Scientists from all over the world are finding that top predators have strong ecological effects,? says William Ripple, a professor of forest ecosystems at Oregon State University and lead author on the paper, published in the Journal of Animal Ecology. ?The top predator can influence the biodiversity of an entire ecosystem.?

The grey wolf, with its confident, yellow-eyed gaze and strong-featured face rimmed in thick hair, has been a focal point of environmentalist debates dating back some 100 years. The drama begins around 1900, when the US government backed sweeping ?predator control? programs that tore into the wolf populations in Yellowstone, the geyser-studded park established in 1872 in Wyoming, Montana, and Idaho.

The programs ? or, organized hunts ? were effective: as of about 1970, all the wolves had been removed from the park. And, in the predator?s absence, other populations exploded: the elk, a massive mammal with antlers fanning like pterodactyl wings, boomed in number.

But in 1995, the US acted on years-in-the-making plans to reintroduce wolves to the park, responding to accumulating evidence that the original program had been shortsighted and that the ecosystem was now reeling from the loss of a keystone species. That endeavor that has been successful enough for the government to this year make the controversial statement that the wolf no longer needs endangered species protection.

Source: http://rss.csmonitor.com/~r/feeds/science/~3/PJ5Kw4wZG-s/Why-the-return-of-the-wolf-is-good-news-for-the-bear

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Thursday, August 1, 2013

Apple Directors Bill Campbell and Millard Drexler Exercise and Sell Stock Options Worth $13.8 Million [Mac Blog]

Apple LogoApple directors Bill Campbell and Millard Drexler recently exercised and sold more than 42,000 Director Stock Options according to documents filed today with the SEC.

Drexler, the chairman and CEO of clothing retailer J. Crew, exercised a series of Director Stock Option grants from 2007, 2008, 2009 and 2010, for a total of 32,562 shares at exercise prices ranging from $113.62 to $202. He then turned around and sold the shares for roughly $449 each. Drexler netted roughly $9.5 million from the haul, the stock options being by far the most significant benefit of being on Apple's Board of Directors.

Campbell, who is chairman and the former CEO of intuit -- and the longest tenured director at Apple -- exercised a 10,000-share Director option grant at a strike price of $10.19. He then sold the stock for $440/share, for a net of $4.3 million.

Apple Non-Employee Directors typically make $50,000 per year in cash plus an additional stipend for serving on the various director committees. Tim Cook does not receive any additional pay for serving on the board.

In addition, under the Company?s Board of Directors Equipment Program, each Non-Employee Director is eligible to receive, upon request and free of charge, one of each new product introduced by the Company and is eligible to purchase additional equipment at a discount.

Source: http://www.macrumors.com/2013/07/31/apple-directors-bill-campbell-and-millard-drexler-exercise-and-sell-stock-options-worth-13-8-million/

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Wednesday, July 31, 2013

Egypt orders police to clear protest camps

Supporters of Egypt's ousted President Mohammed Morsi pray outside Rabaah al-Adawiya mosque, where supporters of Egypt's ousted President Mohammed Morsi have installed a camp and hold daily rallies at Nasr City, in Cairo, Egypt, late Tuesday, July 30, 2013. Egypt's military gave the ousted president his first contact with the outside world since removing him from office, allowing Europe's top diplomat Tuesday to meet with Mohammed Morsi in his secret detention. She emerged from her two-hour talks with him urging all sides to move on toward a peaceful transition. Arabic on the banner in the center reads: "Athletes against the coup." (AP Photo/Hassan Ammar)

Supporters of Egypt's ousted President Mohammed Morsi pray outside Rabaah al-Adawiya mosque, where supporters of Egypt's ousted President Mohammed Morsi have installed a camp and hold daily rallies at Nasr City, in Cairo, Egypt, late Tuesday, July 30, 2013. Egypt's military gave the ousted president his first contact with the outside world since removing him from office, allowing Europe's top diplomat Tuesday to meet with Mohammed Morsi in his secret detention. She emerged from her two-hour talks with him urging all sides to move on toward a peaceful transition. Arabic on the banner in the center reads: "Athletes against the coup." (AP Photo/Hassan Ammar)

A supporter of Egypt's ousted President Mohammed Morsi raises his fist during a women's march against Egyptian Defense Minister Gen. Abdel-Fattah el-Sissi in Nasr City, Cairo, Egypt, Tuesday, July 30, 2013. Egypt's military gave the ousted president his first contact with the outside world since it removed him from office, allowing Europe's top diplomat to meet with Mohammed Morsi in his secret detention as she urges all sides to move on toward a peaceful transition. Despite the military's gesture and attempts by some in the civilian leadership to ease a security crackdown on Morsi's supporters, efforts at a solution to Egypt's crisis have so far hit a brick wall. (AP Photo/Manu Brabo)

Supporters of Egypt's ousted President Mohammed Morsi chants slogans against Egyptian Defense Minister Gen. Abdel-Fattah el-Sissi during a march in Nasr City, where supporters of Egypt's ousted President Mohammed Morsi have installed a camp and hold daily rallies, in Cairo, Egypt, late Tuesday, July 30, 2013. Egypt's military gave the ousted president his first contact with the outside world since removing him from office, allowing Europe's top diplomat Tuesday to meet with Mohammed Morsi in his secret detention. She emerged from her two-hour talks with him urging all sides to move on toward a peaceful transition. Arabic reads, "Peaceful." (AP Photo/Hassan Ammar)

(AP) ? Egypt's military-backed government on Wednesday ordered the police to clear two Cairo protest camps packed with supporters of ousted President Mohammed Morsi, saying they posed a threat to national security and were "terrorizing" citizens.

The move signaled an imminent crackdown against the heavily barricaded sit-ins ? one outside a mosque in eastern Cairo and another on the other side of the city near the main Cairo University campus ? and raised the prospect of more violence after clashes broke out during previous action against the mainly Islamist protesters.

More than 260 people have been killed since Morsi was ousted by the military on July 3, leaving the country between those calling for his reinstatement and millions who marched against him and his Muslim Brotherhood in a show of support for the new political order.

Police have been instructed to end the protests "within the law and the constitution," Information Minister Dorreya Sharaf el-Din said in a televised statement, although she did not specify a timeframe.

Interior Minister Mohammed Ibrahim, who is in charge of the police, said the disbanding of the sit-ins will be carried out in gradual steps according to orders from prosecutors. "I hope they (Morsi supporters) resort to reason" and leave without authorities having to move in, he told The Associated Press in a telephone interview.

In a parallel move, prosecutors also referred three top Brotherhood leaders, including its fugitive spiritual leader Mohammed Badie, to trial for allegedly inciting the killing of anti-Morsi protesters last month.

The other two, who already are in detention, are Badie's powerful deputy Khairat el-Shater and senior Brotherhood leader Rashad Bayoumi. They are accused of inciting the killing of at least eight protesters outside the Cairo headquarters of the Brotherhood on the night of June 30 and early the next day. No date has been set for the trial, which will be held before a criminal court.

Morsi was overthrown after just one year in office by the military on July 3 after mass rallies in which millions of Egyptians calling for his ouster took to the streets. Last week, millions of Egyptians rallied on the street again to give military chief Gen. Abdel-Fattah el-Sissi a mandate to deal with violence and "potential terrorism."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-07-31-Egypt/id-381bfb8cbefb4365aac388d4e0189fcd

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Signed 2011 NBA All-Star Game Basketball

The winner will receive an autographed basketball signed by players from both the East and West 2011 NBA All-Star Teams, including living legends like Kobe Bryant, LeBron James, Dwyane Wade, and more. The ball also features autographs from: Ray Allen, Carmelo Anthony, Chris Bosh, Tim Duncan, Kevin Durant, Kevin Garnett, Pau Gasol, Manu Ginobli, Blake Griffin, Al Horford, Dwight Howard, Joe Johnson, Kevin Love, Yao Ming, Dirk Nowitzki, Chris Paul, Paul Pierce, Rajon Rondo, Derrick Rose, Amar'e Stoudemire, Russell Westbrook, and Deron Williams.

Donated By: NBA

Source: http://www.charitybuzz.com/catalog_items/366201

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