Check out these hellstrip designs for smart ways to use perennials, dwarf shrubs, and groundcovers …read more
From:: DIY this old house
Smart Design Ideas for Hellstrip Plantings
Former SAP executive pleads guilty to bribing Panamanian government official
The Securities and Exchange Commission announced Wednesday that a former executive of SAP SE , a software firm, will settle charges that he violated the Foreign Corrupt Practices Act by bribing Panamanian government officials through an intermediary to procure software license sales. Vicente E. Garcia, the former vice president of global and strategic accounts for SAP SE, orchestrated a scheme to pay $145,000 in bribes to a Panamanian government official and promised to pay two others to obtain four contracts to sell the firm’s software to that government. By selling software to a partner in Panama at discounts of up to 82% he enabled that business partner to create a slush fund for the bribes. Garcia, who lives in Miami, also received kickbacks from the slush fund. Garcia also pleaded guilty to a one-count of criminal conspiracy to violate the Foreign Corrupt Practices Act. Sentencing is scheduled for Dec. 16, 2015
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From:: Stock Market News
Doral office building owners file Chapter 11 to stay foreclosure
The majority owners of the Doral Court office building filed Chapter 11 to stay a looming foreclosure judgment.
Twenty 29 entities called NNN Doral Court, as tenant-in-common owners of 92 percent of the property, filed for reorganization in Miami Bankruptcy Court on Aug. 6. Randy George is the manager member of the debtors. Their attorney is Lawrence M. Schantz, who couldn’t be reached for comment.
Doral Court Debt Holdings, an affiliate of New York-based Triangle Capital Group led by Michael… …read more
From:: biz journal foreclosures
Former President Jimmy Carter says he has cancer
Former President Jimmy Carter on Wednesday said recent liver surgery uncovered cancer “in other parts of my body.” In a short statement, Carter, who is 90, said he will make further disclosures about his health “when facts are known, probably next week.”
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From:: Stock Market News
U.S. stocks cap wild trading day to finish mostly higher
U.S. stocks swung into positive territory in the final stretch of trading Wednesday as investors initially sold off shares in response to a second day of currency moves by China only to bounce back. The Dow Jones Industrial Average closed down 0.33 points at 17,402.51, after erasing a 277-point deficit on the session. The S&P 500 Index finished up 1.98 points, or 0.1%, at 2,086.05, after being down 32 points. The Nasdaq Composite Index closed up 7.60 points, or 0.2%, at 5,044.39, after being down as many as 91 points.
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From:: Stock Market News
Cisco Systems beats expectations as new CEO takes reins
Cisco Systems beat analysts’ expectations for earnings and sales while welcoming Chuck Robbins to the helm. The networking giant reported fiscal fourth quarter net income of $2.3 billion, or 45 cents a share, on sales of $12.84 billion; after adjustments, Cisco claimed earnings of 59 cents a share. Analysts expected Cisco to report adjusted earnings of 56 cents a share on sales of $12.66 billion, according to a FactSet survey. “These strong results show what we are capable of when we’re focused,” said Chief Executive Robbins, who took over the CEO role from John Chambers on July 26. Cisco stock gained about 2% in the extended session after closing with a 0.4% loss at $27.90.
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From:: Stock Market News
Viacom launches new division to boost ad sales
Viacom Inc. on Wednesday launched a new division within its ad sales team called Velocity Products Group. The new unit will help Viacom’s advertising clients reach consumers across the companies brands and networks through a multitude of platforms such as, Snapchat, Twitter and Tumblr, said head of sales for Viacom Jeff Lucas. The announcement comes six days after the company reported ad revenue for the second quarter was down 9% due to decreasing traditional TV ratings. Lucas said demand from advertisers for new and creative ways to reach consumers was high. “This will only enhance and increase our sales,” Lucas said.
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From:: Stock Market News
Hundreds injured after explosions in Tianjin, reports say
Over 400 have been injured after multiple explosions rocked the northern Chinese port city of Tianjin, press reports said. The explosions were said to be tied to the detonation of a shipment of explosives.
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From:: Stock Market News
Crude-oil futures bounce off 6-year low to end modestly higher
Crude-oil futures managed a modest bounce Wednesday, with Nymex Sept. oil futures rising 22 cents, or 0.5%, to finish at $43.30, a day after posting the lowest settlement in more than six years. Oil futures were buoyed by a more upbeat demand outlook from the International Energy Agency, but subsequently saw choppy trade after U.S. government data showed a smaller-than-expected drop in crude-oil inventories.
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From:: Stock Market News
U.S. runs $149 billion budget deficit in July
WASHINGTON (MarketWatch) — The federal government ran a budget deficit of $149 billion in July, the Treasury Department said Wednesday. The shortfall was $55 billion higher than in the same month a year ago. In July, the government spent $375 billion, up $66 billion, or 21%, from last July. Some of the biggest spending increases were for Medicare and education programs. Revenues were $225 billion, up $11 billion, or 5%. Most of the increase was from individual income and payroll taxes. For the fiscal year to date, the deficit is $466 billion, compared to $460 billion in the year-ago period. The government’s fiscal year runs from October to September.
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From:: Stock Market News