15:36:30

USA Grand Prix, BMW Sauber F1 Team: Driver Line-up

After Robert Kubica did not get the green light from the FIA Medical Delegate and the race's Director of Medical Services to compete in the 2007 U.S. Grand Prix, the team has nominated Sebastian Vettel to drive the second BMW Sauber F1.07 (car number 10) alongside Nick Heidfeld.

For Sebastian Vettel this will be his Formula One race debut. "Of course, I am looking forward to my first F1 race", the 19-year old German said, "but I wish it had come under different circumstances. It's never nice if a team mate can't drive because he had an accident. For me the Indianapolis Speedway is unknown territory, but I have prepared myself for this situation and tomorrow I have two 90 minute practice sessions. I know the car very well as I have quite a lot of testing miles under my belt."

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22:03:36

What's new in the business scene

Magazine cites auto dealers - Two Poughkeepsie auto dealers have made this year's list published by Black Enterprise Magazine. They are among 29 New York companies listed in the 35th year of the "B.E. 100s" report, which looks for the top-grossing black-owned businesses across the country.

BMW of the Hudson Valley Poughkeepsie, owned by Jerry Walter, grossed more than $4.1 million, the survey said. Poughkeepsie Chevrolet Cadillac, Inc., owned by Raymond Wilkinson III, grossed more than $29.7 million.

APPOINTMENTS

Riverside names McCourt - Dennis B. McCourt, of Marlboro, was appointed vice president and commercial loan officer at Riverside Bank's Newburgh office, 52 Route 17K.

McCourt has 25 years of banking experience. Most recently, he was senior commercial loan officer at Sawyer Savings Bank in Marlboro.

17:22:21

Honda Gets It Right

Roger Ehrenberg submits: One of the things that really irritates me about the U.S. public markets - and the mind-set of many U.S.-based institutional investors - is an emphasis on short-term results. There are inherent, structural, perverse incentives for corporate executives to do things that maximize short-term results to the detriment of long-term shareholder value. And this is a shame, for investors, executives and the economy alike.

Every so often I read a story that flies in the face of this approach, providing an example of a company or companies that eschew short-term thinking and instead choose to take the long view. And I know, I KNOW, this is the right thing to do. I just read one of these stories, and surprise, surprise, the company mentioned is not a U.S.-based enterprise - Honda Motor Company (HMC).

13:59:58

DTC: Magnussen triumphs at Jyllandsringen.

This coming weekend Jan Magnussen and Casper Elgaard will be fighting each other at Le Mans in the GT1 class at the wheel of a Corvette and Aston Martin respectively, but this Sunday they were also battling each other, when round three of the Danish Touringcar Championship took place at FDM Jyllandsringen.

On this occasion though Jan Magnussen took the chequered flag in front of Casper Elgaard, with rising star Michael Outzen rounding out the podium.

Casper Elgaard had qualified for pole position in the final, but he was being followed closely by Jan Magnussen, who was far more competitive than previously this year.

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21:21:44

Social Networking sites: A significant threat to online security ...

Webroot has announced the results of a survey conducted by Webroot of 3,000 UK home computer users reviewing their understanding of external threats and attacks to their PCs.

The survey reveals that young people are putting their parents at risk of online fraud and identity theft through their social networking activities, including signing up for new accounts, engaging in IM chat, downloading files, and other activities where personal data can be exposed through spyware. Up to 82 percent of teens and young adults surveyed said that they visit social networking sites on a daily, weekly or monthly basis and 99 percent browse the Internet. More than any other age demographic, 92 percent of this age group will put themselves at risk of spyware infection by opening attachments and embedded links in instant messages, clicking on pop-up advertisements, and downloading games, music and screensavers.

21:29:35

Online-Game-Offers.com Adds Game Downloads to Product Line-Up

Now, visitors can use Online-Game-Offers.com to find and purchase all the latest online game downloads. Visitors can read reviews, compare costs and features of products, and get the latest free trial offers and coupon codes. Online-Game-Offers has done the hard work of compiling information from different game subscription services and game download sites in one place so site visitors can spend their time playing.

(PRWEB) March 14, 2007 -- Online-Game-Offers.com launched in September of 2006 as the definitive source to learn about, compare, and save on online game subscription services. Now, the site has responded to the requests of its visitors and added over 500 downloadable video games from Yahoo Game Downloads and Game Downloads from WildGames.com. Visitors can browse through the complete online game catalogs from these two vendors and can explore hundreds of games from each before making a purchase.

12:02:11

Hollywood gives blessing to BitTorrent store

BitTorrent is using its software to launch a download site - called the BitTorrent Entertainment Network - that will distribute more than 5,000 titles from digital movies, TV shows, games and other media.

In the battle for the nascent online video market, BitTorrent could be a competitor, thanks to its existing reputation for speedy file distribution.

It also has an established user base it says numbers 135 million - which could immediately pit it against some of the sector's heavyweights, including Brightcove, Joost (a new P2P service started by the founders of Kazaa and Skype) and YouTube. Joost recently partnered with some big entertainment companies, such as Viacom.

Despite the reputation of BitTorrent's software for helping people illegally share millions of unauthorised video files, company managers have convinced studios such as 20th Century Fox, Lions Gate and Metro-Goldwyn-Mayer Studios that the company comes to Hollywood with a laurel branch in its hands.

10:27:15

Hot jazz to be served up at New Bedford High on Sunday

The students will be performing favorites such as "That Old Black Magic" and "Lullaby at Bird Land." Christine Eubinks will be a featured soloist in the choir.

After their performance, the students and audience will have the pleasure of seeing a college-level jazz group perform. "I'm excited to have them come down here and have the kids at the high school see the quality of a collegiate band," says Mr. Campoli of Boston College's BC bOp! The group operates under the direction of Sebastian Bonaiuto, who has led some of Boston College's most esteemed music groups, including the marching band, which was featured in the 1995 Macy's Thanksgiving Day Parade.

What makes BC bOp! stand out is their unique arrangement of ensemble musicians and jazz vocalists who perform side by side during the show.

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$100M Equity Play Eyes Tail-End Buys, Bail-Outs

DALLAS-In aligning as joint venture partners, Behringer Harvard and PGGM have built in flexibility to their agreement for the rapid deployment of $100 million in equity. The multifamily investment scope runs the full development gamut, including bail-out deals.

Behringer Harvard's been heavily investing this year in class A multifamily and new student housing, but it's uncertain if any acquisitions to date will be rolled to the JV, Jason Mattox, the Dallas-based investment group's executive vice president, tells GlobeSt.com. It's also open-ended as to which of the several Behringer funds will end up with the JV's deeds. There might even be more than one, he explains. "The PGGM agreement provides for a great deal of flexibility in the way that the money is invested," he says. Unless the strategy is altered, leveraged plays are destined to reel in about $400 million of real estate.

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Fund Times: Longtime Manager Rejoins First Eagle Funds

William Blair Bond Fund became available to investors May 1, 2007 as the firm's second fixed-income offering. Bond Fund will be the firm's first intermediate-term bond offering, with an investment-grade mandate allowing no more than 10% of assets in high-yield securities. James Kaplan, Christopher Vincent, and Benjamin Armstrong will manage the fund, with the former two staying on as comanagers of William Blair Income . As a team, they have managed that short-term fund for nearly five years, delivering above-average returns in that time.

RS Approves Merger of Two Tech Funds
RS Internet Age and RS Information Age will soon be one. RS's Board of Trustees approved the merger of Internet Age into Information Age pending shareholder approval. Both funds compete in the specialty-technology category and hold less than $100 million in assets, though Internet Age was slightly more expensive.

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Special Investigations Unit called to Greater Sudbury following ...

Investigators from the province's Special Investigations Unit (SIU) were called to Greater Sudbury following the sudden death of a 37-year-old local man.

The man, identified by Greater Sudbury Police only as a male, aged 37, was pronounced dead at hospital in Sudbury shortly after being removed from a home located at 1378 Bellevue Ave. in the early morning hours Saturday.

An SIU news release says police received a phone call just before midnight Saturday to help paramedics deal with an "aggressive patient".

The patient "became non-responsive" and was taken to hospital where he was pronounced dead 30 minutes later.

Investigators from the SIU were called around 2:37 am Saturday, says the news release.

A total of six investigators from the SIU were on the scene throughout the remainder of the weekend.

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Realtors' Commission Fees Are Under Assault

(CBS News) Even with today's housing slump, real estate agents will pull in about $60 billion this year. And the reason is, as any homeowner knows, they charge a six percent commission on the price of every house they sell. So, for instance, a home that goes for a half a million dollars will net agents $30,000 right off the top. For realtors, the six percent commission is sacrosanct. It's remained in place, even as the price of homes has quadrupled over the past 25 years. But as correspondent Lesley Stahl reports, things are beginning to change. What happened to travel agents, stock brokers and book sellers the encroachment of the Internet is beginning to affect real estate agents. And the sacred six percent is under assault from online discounters. Lehrer Willis and his fiance Bridgette Takeuchi of Seattle, young and Internet savvy, took a big chance when they decided not to hire a traditional real estate agent.

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A week of tight liquidity beckons

MUMBAI: Advance tax outflows and a fresh market stabilisation schedule promise a check on banking system liquidity next week.

Overnight call money rates nearly doubled to 10.35% on Friday from 5.38% on Thursday as banks were clearly caught napping on reporting fortnight.

Fridays spike was the second-biggest seen in calendar 2007, after the 10.5% levels touched on January 2. Call rates are expected to stay high in the next few sessions.

Advance tax payments will flow out of the banking system into government coffers starting next week. The breather on liquidity depends a lot on how fast the government will spend this. Analysts said with the financial year-end looming, government departments may spend faster to exhaust budgets, accelerating the flowback of funds.

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JSE鈥檚 laughing stocks

Those looking for bargains among the JSE's penny stocks might be disappointed. Few if any of the 19 shares hovering around 25c or less are worth buying. None have paid dividends and most have negative price:earnings (PE) ratios.

Integrear has been suspended by the JSE and others like Independent Financial Services could follow.

Several, including, Wooltru, m Cubed and New Corpcapital are in the process of unwinding their assets before they de-list.

Only four, m Cubed, Labat, Decillion, and Wooltru are held by at least one unit trust, according to Moneyweb's portfolio tool.

When Moneyweb asked analysts Theo Vorster, CEO of Galileo Capital and Francois du Plessis of Vega Capital which of the 19 shares they might invest in both said none.

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Magna says Russian Machines to invest in firm

NEW YORK, May 10 (Reuters) - Magna International Inc. (MGa.TO: Quote, Profile, Research said on Thursday a unit of Russia's Basic Element would invest in it to help the Canadian auto-parts maker capitalize on growth opportunities in the Russian and other automotive markets.

Basic Element unit Russian Machines would invest about $1.54 billion to indirectly buy 20 million Class A subordinate voting shares of Magna from treasury, Magna said.

Basic Element is one of the largest privately held industrial conglomerates in Russia and is beneficially held by Oleg Deripaska, Magna said.

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EMERGING MARKETS REPORT: Turkey's Stocks, Currency Tumble On ...

NEW YORK (Dow Jones) -- Turkey's stocks and currency fell sharply Monday, as the country's political crisis deepened after the military threatened to intervene in the presidential elections to protect secular values, and the Islamist government came under pressure to call early general elections. Istanbul's benchmark IMKB-100 index closed down 4%, making it the worst performer among major stock market indices around the world Monday. The index earlier tested declines of over 6%. Turkey's currency, the lira, also tumbled. It was trading down 2.3% at 1.3590 against the dollar and down 2.5% at 1.8511 against the euro. Shares of Turkey's only U.S.-listed company, telecommunications provider Turkcell Iletsim Hizmetleri (TKC) , fell 4.7% to $14.14. At the heart of political tension in Turkey is the clash between secularists and the ruling AK Party, which has Islamist roots.

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Cominar expects more growth as earnings rise

QUEBEC 鈥?Cominar Real Estate Investment Trust (TSX: CUF.UN) reported higher first-quarter profits, raised its cash distribution and said it expects more growth this year as it closes the acquisition of major office and industrial properties.

Cominar said Tuesday its first-quarter net earnings rose to $7.3 million from a year-ago $6.2 million, while revenues jumped 8.7 per cent.

The Quebec-based property owner also said its operating revenues increased to $35.4 million from $32.6 million in the three months ended March 31.

Meanwhile, Cominar paid distributions of $11.4 million to unitholders in the quarter, up 13.6 per cent over last year.

The company recently struck a deal with Halifax-based real estate company Homburg Invest Inc. (TSX: HII.A) to acquire 6.5 million square feet of office and industrial properties owned by Montreal company Alexis Nihon for $592 million

That transaction is expected to close by the end of May.

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Copper and zinc steady as US data, Peru support

LONDON (Reuters) - Copper hovered around $8,000 a tonne on the London Metal Exchange, keeping an eye on a miners' strike in Peru, while zinc found support in a potential supply disruption, analysts said on Wednesday.

By 1037 GMT copper for delivery in three months fell back from an earlier intra-day high of $8,030 and was indicated at $7,980/7,995. On Tuesday, copper closed at $7,986 after rallying 2.9 percent on supportive U.S. economic data.

Trade was seen subdued throughout the rest of the week with Shanghai closed until next Tuesday and Tokyo shut until Monday.

The market was supported by Tuesday's U.S. data, showing manufacturing expanded last month at its fastest pace in almost a year and a threat to supply from Peru, the world's third-largest producer of copper and zinc, where a nationwide mineworkers strike is in its third day.

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Rupee makes gains versus greenback in open market

KARACHI: The local currency market witnessed mixed trends during the week just ended, as rupee moved both ways but emerged a gainer in the end.

The American dollar, starting off on a positive note at the start of the week, registered losses in the ensuing days and closed at Rs60.60 on Friday. Thus, the local currency posted a gain of 10 paisa against the greenback in the open market, stated Ayaz Ali Messam, a forex analyst at Khanani & Kalia.

The local unit gave up 7 paisa versus dollar in the open market on Monday. The US dollar commenced the days trading at Rs60.60, gained ground and was changing hands at Rs60.67 at the close of market.

Rupee made a recovery of 3 paisa versus dollar on Tuesday. The American unit began the days trade at Rs60.70, shed value and was changing hands at Rs60.67 at the close.

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German Stocks Climb; TUI and Deutsche Postbank Pace the Gains

Banking stocks were among the best performers in the pan- European Dow Jones Stoxx 600 Index today, driven by speculation Barclays Plc of the U.K. is preparing a takeover bid for ABN Amro Holding NV, the largest Dutch lender.

DaimlerChrysler AG jumped 2.36 euros, or 4.4 percent, to 56.37 euros. ``There are rumors about a near-time sale of the carmaker's Chrysler unit,'' said Florian Weber, chief executive officer of DKM Wertpapierhandelsbank AG in Dusseldorf.

Goldman, Sachs & Co. raised its recommendation on shares of Stuttgart, Germany-based DaimlerChrysler to ``neutral'' from ``sell,'' saying a sale of the Chrysler unit to private equity could be the most attractive option as the buyer would likely be interested in both the automotive and financial services assets.

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China Shares Regain All Losses

Blaze Fabry submits: Chinese stocks have risen since the notorious 9 percent intraday plunge in late February. As the matter of fact, the Shanghai Composite (^SSEC) is up almost 25 percent since the incident while the record breaking DJIA barely keeps space with such a sharp rally. Not surprisingly, Hong Kong is the laggard by delivering virtually zero growth. Please read our previous article, in which we argued that the Shanghai Composite Index is likely to outperform Hong Kong's Hang Seng due to fundamental reasons.

And just to further demonstrate how strong the mainland's exchanges became, consider the following developments.

"The Shanghai IPO of Bank of Communication s (3328.HK), China's fifth largest lender, attracted a record $188 billion in subscriptions.

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Mutual Funds Riskier Than Stocks?

A while back on our Mutual Funds discussion board, Fool Community member Josephus2 made the provocative suggestion that mutual funds are "riskier than stocks." I think his post offers a terrific opportunity to explore some interesting issues regarding mutual funds.

The post Here's how he explained his position:

1. Stops are not available on mutual funds:

As millions of investors realized when the internet bubble popped, mutual funds can lose you money just as quickly as individual stocks. Without stop-losses in place, you are risking unlimited losses. (Or at least down to zero)

2. Options are not available on mutual funds:

Buying protective Puts can insure a stock investment against loss. This strategy is especially valuable during earnings season when good stocks are destroyed by the market for no good reason.

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Deals, Deployments, and Short News

May 08, 2007 | Eclipsys will restate earnings following completion of a voluntary review of the company's stock option grant practices and related accounting issues. The review covered stock option grants made from the company's IPO in August 1998 until the present, with particular focus upon grants made before implementation of the Sarbanes-Oxley Act in July 2002. Eclipsys identified stock option grants made that had exercise prices lower than the fair market value, and concluded approximately $8.5 million in additional aggregate non-cash stock-based compensation expense should have been recognized from 1999-2006. This results in approximately $500,000 in related incremental payroll withholding taxes over the same period. 鈥淭he Company is working diligently to prepare its Annual Report on Form 10-K for the year ended December 31, 2006, which will affect the restatements as described above." Eclipsys incurred approximately $1.0 million in costs associated with the stock option review during the first quarter of 2007, and expects to incur approximately $1.5 million to $2.0 million in the second quarter of 2007.

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Market News: TradeSignals Forex Futures Morning Commentary

The euro is trading weaker this morning extending the prior sessions weaker close. Trend indicators are showing the market in a neutral price pattern at present.

TREND INDICATORS:

Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.

Simple Moving Average (25-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 25-Day simple moving average has a strong bullish bias.

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Museum to showcase 22 automobiles as art

Streamlining was the slickest trend of the 1930s, with everything from telephones to toasters designed to evoke aerodynamic speed. For automobiles, the result was some of the most beautiful sculptural forms ever put on four wheels. Some of the great designers in Europe and America produced vehicles crafted to not only cheat the wind but to appear graceful and elegant. Twenty-two of history's most significant streamlined automobiles will be assembled Sunday at the Phoenix Art Museum for a two-month exhibit that celebrates the artistry of aerodynamics. .

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San Francisco GPS Car Tours: They Know Where OJ Went To School

GoCar rentals is similar to Electric Time Cars in that, they offer electric carts that go up to 35 mph and an on board GPS computer so you don't get lost. So what is the difference? Well according to GoCar they provide the first ever storytelling car. Apparently they never watched Knight Rider.

What kind of stories does GoCar tell?

It tells you about historical facts of certain locations and business. Who would have known that O.J Simpson attended to Galileo High School! I didn't know until the GPS lady told me so!

A GoCar rents for $44 for the first hour, $34 for hour two, and $24 for each additional hour, after five hours of rental, you won't be charged for any additional hours. GoCar drivers must be 21 or older with a valid drivers license.

Oh, and get this, you can become a GoCar Rental franchisee.

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The DAILY REPORT for March 15, 2007

Courtney Gilligan and baby girl Gilligan, Hartford; Audrey Nettrouer, Emporia; Eugene Otis, Emporia; Arlone Soderstrom, Emporia; Susan Worcester, Americus; Tena Wright, Emporia.

dismissed wednesday:

Alice Currier, Emporia; Linda Wood, Emporia.

POLICE & SHERIFF

Incidents Reported

Police

Burglary in progress, 1400 block of Lawrence Street, 9:06 a.m. Tuesday.

Traffic contraband in jail, Industrial Road and West 18th Avenue, 9:13 a.m. Tuesday.

Non-injury accident, 2100 block of West Highway 50, 2:43 p.m. Tuesday.

Non-injury accident, 500 block of Mechanic Street, 3:22 p.m. Tuesday.

Controlled substance/possession, West 12th Avenue and Constitution Street, 8:43 p.m. Tuesday.

Disorderly conduct (loud music), 2700 block of Bel Aire Drive, 10:19 p.m.

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Health care reforms should be based on reality

Part of virtually every discussion concerning the state of health care in the United States is a reference to the uninsured. Given that, we assume that the group of uninsured must be a very important part of the problem. We need to better understand just what is meant by the ubiquitous "uninsured." We'll likely all agree that it is a very serious part of the problem confronting us as a nation. We hear of the ever-increasing number of uninsured. The former top number for the United States was 46 million…until it became 47 million. That seemed to occur overnight. I don't know who is responsible for keeping track of that number, but they sure seem on top of their game! Let's take a look at what comprises the "uninsured." First, this is not a static group of people. Instead, the number of "uninsured" is an estimate…a snapshot…of the number of folks thought to be without health insurance on any given day of the year.

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Aon UK Partners with InterResolve for Liability Claims Processing

InterResolve, an independent claims resolution specialist, and Aon Limited, the UK division of Chicago-based Aon Corp., announced that they have concluded a partnership "to provide UK corporate businesses with faster and more cost effective resolution of employers' liability, public liability and fleet motor [auto] claims."

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New priest compensation plan to take effect July 1

BRIGHTON -- The Archdiocese of Boston will increase priest stipends on July 1 in an effort to compensate for higher living expenses and defray the cost of Social Security. The goal of the new policy is to be fair and just for all priests, according to Father Robert Connors, chair of the Stipend Committee.

The benefits package for archdiocesan priests was recently approved by Cardinal Sen P. OMalley after two consultations with the Presbyteral Council. The policy is usually reviewed about every three years but has not been changed since 2003, except for annual cost of living increases of 3 percent.

Father Arthur M. Coyle, secretary for pastoral and ministerial services, laid out the two primary reasons for the increase in a letter to the priests of the archdiocese.

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THE DOMINION OF CANADA GENERAL INSURANCE COMPANY GOES LIVE WITH

The Dominion of Canada General Insurance Company ("The Dominion"), a leading Canadian property and casualty insurer; and Guidewire Software®, a leading provider of technology solutions to property and casualty and workers' compensation insurers, today announced that The Dominion is in production with Guidewire ClaimCenter®. ClaimCenter is being used to modernize and replace the company's existing legacy claims system in order to better serve the needs of its policyholders and its network of independent brokers.

The Dominion's phased ClaimCenter roll-out started with 35 adjusters and is on track to include 300 adjusters by the end of May 2007. This initial phase includes personal automobile and personal property, along with some commercial automobile lines.

"Our Guidewire implementation project has gone very smoothly," said Janet Babcock, vice president and chief information officer, The Dominion.

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Hope time

HOPE -- It isn't easy putting into words the lure of place like Hope, a rush-hour-free zone of self-reliant folks, great dogs, a healthy mix of respectable vehicles and a few rust buckets with license plates that expired sometime in the previous millennium.

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Mock tournament if NBA players aligned by shoe company

By John Marshall
The Associated Press
Youve seen the best players from each conference face off in the All-Star Game. What if you could pit teams from the four major shoe companies against each other?
Chances are, its never going to happen; but that wont stop us from imagining it. Using athletes from the top four basketball shoe manufacturers, asap has created a mock tournament to see which sneaker company would reign on the floor.
We broke them into two divisions Old School and New School and are running the tournament as if all players are healthy.
Heres what I came up with:

n OLD SCHOOL FINALS: ADIDAS VS. CONVERSE.
ADIDAS: G Gilbert Arenas, G Tracy McGrady, F Tim Duncan, F Kevin Garnett, C Dwight Howard. (Reserves: Chauncey Billups, Adam Morrison, Andres Nocioni, Peja Stojakovic, Grant Hill, Mike Miller, Jordan Farmar.)
CONVERSE: G Dwyane Wade, G Kirk Hinrich, F Udonis Haslem, F Kyle Korver, C Mike Sweetney.

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Puma profit falls on cost of developing new products

DÜSSELDORF: Puma, the second- largest maker of sporting goods in Europe, said Monday that fourth- quarter profit declined 26 percent as the company spent more money to design new shoes and clothes.

Net income fell to €32.8 million, or $43 million, from €44.1 million a year earlier, the company said.

That missed the €34.5 million median estimate of seven analysts surveyed by Bloomberg. Revenue rose 38 percent to €480.6 million, also short of the median estimate of €492 million.

Costs increased by almost half in the period and profitability waned as Puma raised investment in its brand. The company plans to introduce goods in 2007, like a range inspired by tennis players of the 1970s, to compete with larger rivals Adidas and Nike in a year without high-profile sporting events like the soccer World Cup.

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A New Twist on an Old Crime

A gang of professional car thieves trolls the parking lot of an upscale retail mall until they find what they want: a shiny new SUV. Within seconds they've disabled the alarm, hot-wired the engine, and driven away.

Now, how to sell the car for big bucks? They COULD do the traditional...and sell it for parts or as hot merchandise. But that would only bring in a few thousand dollars. Instead, they turn to the most lucrative scam on the block that will help fetch top dollar for their prize.

It's called "car cloning." And, as part of our longstanding battle to curb auto theft (we've been in the business since the days of the Model T), we're determined to stop it.

Here's how cloning works:

After leaving the mall, the thieves head for a neighboring state.

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Citizens can voice opinions to assist northern businesses

The Ontario government's Northern Development Councils have announced they will tap into regional expertise to help develop recommendations for high-potential business growth strategies, says Northern Development and Mines Minister Rick Bartolucci. "We're on the side of northerners," said Bartolucci, in a news release. "That's why we're initiating a dialogue with northerners about growing and strengthening northern businesses." The research phase began late last year with a review of research and previous reports, said Bartolucci. The councils used this information to develop potential growth strategies. Northerners now have an opportunity to comment on a wide variety of proposed business-support strategies and to identify those they think would be of greater benefit for their own communities, he said.

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Jones introduces new warranty for used cars

In a bold move to differentiate itself from other dealerships, the Jones Auto Centers have introduced a limited lifetime power train warranty for used vehicles. This covers the failure of the vehicle's engine, transmission, and drive train. This warranty is for the life of the vehicle as long as it was purchased at Jones with less than 100,000 miles. Most importantly the warranty is completely free.“We wanted to do something different and something that would both bring Valley people into Wickenburg and also cause Wickenburg people to shop locally," said Jones Ford-Mercury Chrysler Jeep General Manager Brian Jones. “This is catastrophic protection. It protects the buyer for the life of the vehicle as long as we do the factory recommended service and preventative maintenance."

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Innovation in Game Development Not Just Limited to Programmers and ...

San Francisco, CA (OPENPRESS) March 8, 2007 -- At the Game Developers Conference (GDC) in San Francisco, professionals from the video game industry are learning and sharing the newest techniques for creating and marketing successful PC, console and mobile games. For developers of casual games that are commonly downloaded and played on a PC, many are exploring creative new distribution models, shifting away from relying on some of the old ways that have been used to market games online. The casual games business has grown rapidly over the past few years, built on the foundation of the try-before-you-buy model, followed by RealArcades software client model, or the popular subscription-based model of Big Fish Games, Shockwave and RealArcades GamePass. The true catalyst for growth of this industry has been the try-before-you-buy model that made it easy and risk-free to sample games before you were required to enter your credit card information.

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Bill Proposes Doubling Automobile Sales Tax

North Carolina consumers would have to pay more than double the current tax on the purchase of a new car or truck under a tax increase proposal introduced to the state senate last week.

Senate Bill 1201, introduced by state Sen. Dan Clodfelter (D-Charlotte), would raise the Highway Use Tax on a new vehicle from the current 3 percent to 6.75 percent.

If passed, the tax would raise an estimated $900 million annually for the state's Highway Trust Fund.

Not surprisingly, the bill already has a growing list of opponents. The bill's one known supporter, Sen. Clodfelter, could not be reached for comment.

"To ask North Carolinians to pay an additional $900 million in taxes each year would add approximately $20 to each consumer's monthly car payment," North Carolina Automobile Dealers Association President Robert Glaser said.

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Born under a Mad sign

OK, well, not absolutely "all." (Women, for example, it taught me nothing about. Or how to change a tire.) But it was as essential a text as anything penned by Marshall McLuhan in understanding media and the mediated world, and it was much easier for a 10-year-old to work out.

Plenty of it went right over my head, of course, but that's part of what made it attractive and valuable: Things that go over your head can make you raise your head a little higher.

The magazine instilled in me a habit of mind, a way of thinking about a world rife with false fronts, small print, deceptive ads, booby traps, treacherous language, double standards, half truths, subliminal pitches and product placements; it warned me that I was often merely the target of people who claimed to be my friend.

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Boston Stock Exchange Adds Significant Legal Expertise

BOSTON--(BUSINESS WIRE)--The Boston Stock Exchange (BSE) announced today that John Katovich joined as Executive Vice President and Chief Legal Officer. John will oversee the regulatory, legal, and regulatory systems development functions at the BSE.

"John brings a unique combination of regulatory expertise and business acumen, that will enable us to meet and exceed our obligations as a regulator in the national market system and an operator of multiple businesses for our seat holders," said Mike Curran, Chairman and Chief Executive Officer of the BSE. "John brings the right combination of relevant legal expertise and a deep understanding of our business which will allow for the best possible counsel."

Prior to joining the BSE, John founded Katovich Law Group, representing clients such as Archipelago and Eurex, as well as many broker dealers, covering trading, regulation and arbitration matters.

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What's on Now

Ernie Els, the No. 6 player in golf's world rankings, has agreed to a multi-year equipment endorsement deal with Callaway Golf just days after leaving a four-year relationship with Titleist. Callaway announced the deal as Els began first round play in the Johnnie Walker Classic in Thailand with a Callaway FT-5 driver, an HX Tour 56 golf ball and a new Callaway bag. Callaway and Els will work on fitting him with the metalwoods, irons, wedges and putter that best suit his game. The driver has 8.5 degrees of loft and aneutral face bias, and Els got comfortable with it in just two days of trial, said a company official. The eventual switch to an Odyssey putter (Odyssey is a Callaway business unit) is definite, said the Callaway official. As for irons and wedges, Els will work with legendary Callaway club designer Roger Cleveland, who has known Els for more than 17 years. Els will continue to wear the hat with SAP logo on front, but the Callaway logo appears on the sides and back of his cap. Although it was reported in some quarters that Callaway bought out Els agreement with Titleist, Callaway officials said that's not true. The parties didn't disclose specific terms of the deal.

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State mulls cell-phone driving ban

When individuals are taken to the hospital after car crashes, they seldom tell doctors they wrecked because they were talking on a cell phone.But Dr. Daniel Wehner says it happens – a lot.Wehner is chairman of emergency medicine at Memorial Medical Center. He said most accidents that send injured people to the emergency room could have been prevented had at least one of the drivers in a two-car accident been more careful and attentive."I would be willing to bet that a significant number of people who we see in accidents were distracted by using a cell phone but are unwilling to admit it for obvious reasons," he said. "No one wants to admit guilt."Mari Lynne Patrick of Nanty Glo said she never used her cell phone while driving until she got a hands-free setup. She said if she gets a call, she can answer it while keeping both hands on the steering wheel."With a hands-free phone, it's OK because I have control of my vehicle," she said.

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Attorney General files suit against insurance companies

The four companies listed in the suit, American Heritage Life Insurance Company, Protective Life Insurance Company, Old United Life Insurance Company and Resource Life Insurance Company, have been accused of defrauding customers who purchased "credit insurance." The insurance was supposed to cover the purchaser for the duration of that person's auto loans. If the insured incurred disability or died during the loan period, the insurance would pay off the balance of the auto loan. The companies listed promised to return the unearned premiums if the consumer paid off their car loan early as required by the Texas Insurance Code.

The lawsuit seeks to refund money to approximately 27,000 Texas residents who purchased the insurance. If approved, the consumers affected would get back an average of $222 plus interest.