Wednesday, April 3, 2013

Investing News: Expert Analysis, Investment Tools, Stock Screeners ...

Despite worries that bank contagion could spread throughout Europe in another banking crisis, the financial sector ETF has dropped only 1.5 percent over the past week and a half. However, the effect of Cyprus could certainly been seen in the credit market.

Source: http://www.cnbc.com/id/15839069

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Arizona city becomes state's first to allow same-sex civil unions

By Tim Gaynor

BISBEE, Arizona (Reuters) - A former Arizona copper mining town reborn as an artists' community defied the threat of legal action on Tuesday and became the first city in the conservative southwestern state to allow civil unions between same-sex couples.

The city council in Bisbee, a city of 5,600 residents in southeast Arizona, voted five to two to pass a measure allowing any couple to join in a civil ceremony, regardless of their sex or sexual orientation.

"We're just acknowledging the people that live here. It's a big step in the right direction (and) for a tiny town ... it's pretty neat," Gene Conners, the first-term council member who proposed the measure said shortly after it passed.

A city founded on a mountain of copper ore in 1902, Bisbee reinvented itself as a laid-back artists' enclave after the local Phelps Dodge mine shut in 1975.

The Council's vote comes as the Supreme Court is weighing whether to strike down a law that denies federal benefits to legally married same-sex couples, in a move that would reflect growing support in the United States for gay marriage.

A Reuters/Ipsos poll last month found that 55 percent of Americans surveyed said married gay and lesbian couples should be able to qualify for Social Security survivor payments and other benefits provided to married heterosexual couples.

Arizona's constitution recognizes marriage as a union of one man and one woman. Hours before the vote, the state's attorney general, Tom Horne, wrote to the council warning it had "no authority to pass the ordinance" and that if it was approved he would seek to have it blocked in court before it could come into effect.

"The only proper way to change a statute is through the legislature, not through actions of the city council attempting to change a state statute within its boundaries," Horne said in a statement. He did not make further comment after the vote.

City Attorney John A. MacKinnon told the meeting late Tuesday he did not believe Horne had a "real case", adding that he believed he wanted "to make a political statement".

CITY HALL CERTIFICATES

The ordinance in Bisbee, which a popular local bumper sticker describes as a "liberal oasis in conservative desert," draws on language in a state civil union bill currently stalled in the Republican-controlled Arizona legislature.

A successful legal challenge notwithstanding, the ordinance is set to come into effect in May. Couples will be able to go to City Hall and pay $76 - the cost of a marriage license at the county courthouse - for a civil union certificate.

It will only be valid within the limits of the city, a picturesque trove of landmark buildings, galleries, coffee shops and old miners' cottages perched in the folds of the Mule Mountains overlooking Mexico.

Benefits extended to couples include the right to visit their sick partner in the hospital, obtain a family pass for the city swimming pool, and, for city employees, the chance for their partner to buy into their benefits - rights currently denied to same-sex couples.

At the lively council meeting late on Tuesday, two opponents expressed concerns that the measure could hurt tourism and snarl the city in costly litigation, while several others opposed it on religious grounds, calling it an "abomination".

"As far as I know, marriage is still between a man and a woman," resident Regina Drybread told the packed meeting. She added that while the ordinance only allowed for civil unions, "in reality it's the first step to legalizing same-sex marriage".

But other residents embraced the ordinance, among them James Cool, who said that same-sex couples were one of the last minorities to be discriminated against in the United States - although that was now changing.

"The train in this country has left the station on civil unions, just as it did on interracial marriage and voting rights," he said. "If you don't like civil unions, don't get one," he added to cheers.

(Reporting by Tim Gaynor; Editing by Cynthia Johnston and Pravin Char)

Source: http://news.yahoo.com/arizona-city-becomes-states-first-allow-same-sex-072925329.html

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Cheat on your iOS or Android device with this BlackBerry 10 OS tour

Cheat on your iOS or Android device with this Blackberry 10 OS tour

The BlackBerry Z10 is now attainable on three outta the four big US carriers, leading many to wonder what a BB10 phone would be like. Well, if you haven't had a chance to fondle the handset in-store, Heins & Co's got another way for you to (somewhat) experience the OS through its "glimpse" website. Load it up in the browser of your iOS or Android device, and it'll take you through a linear tour of some of the gestures and ways to multitask, as well as show you the BlackBerry Hub, BBM and Time Shift camera feature. It's far from a full emulation, but at least you'll be a little more informed at the end of it. Point your portable's browser at the source link to see what we mean.

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/bcoBp1efk0U/

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Tuesday, April 2, 2013

How Do You Save For The Future and Pay Down Debt at the Same Time?

How Do You Save For The Future and Pay Down Debt at the Same Time? Saving for the future is important, but so is making sure you pay down any debts you have, like credit cards or student loans. Unfortunately, time is money, and many of us don't have the option to just do one before doing the other. How do you juggle them both?

We got to thinking about this when we stumbled on this article at Girls Just Wanna Have Funds, which discusses the difference between an emergency fund and a savings account, and which purchases would go to which. They suggest that emergency funds are for just that?unforseen expenses, but savings should be for specific goals. That's easy, but which do you pull from when you have a sudden tax bill, for example, or you want to pay down some lingering debt?

We've talked about how to save and pay debt at the same time, but we want to know what you think. Do you prefer to tackle debt first and then save? Do you save first? Or do you take the mathematical approach and save if the interest you can earn is higher than what you owe (or pay down debt if it's not)?

Photo by rangizzz.

Source: http://feeds.gawker.com/~r/lifehacker/full/~3/cM2Uf9uGDyU/how-do-you-save-for-the-future-and-pay-down-debt-at-the-same-time

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S.Africa's Standard, China's ICBC to fund $2 bln in green energy

WASHINGTON (Reuters) - The Pentagon said on Tuesday that a second U.S. guided-missile destroyer had taken position in the western Pacific on a missile defense mission, as tensions rise over North Korea's threats of war against the United States and its ally, South Korea. The announcement is the latest confirmation of minor adjustments to the posture of the U.S. military, which is seeking to reassure allies in Seoul and Tokyo of American military capabilities to respond to any moves by Pyongyang. U.S. ...

Source: http://news.yahoo.com/africas-standard-chinas-icbc-fund-2-bln-green-090248903--finance.html

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tech valley communications agrees to acquire teljet longhaul, llc ...

Transaction will create one of the largest and most dense fiber-based networks throughout?Upstate New York and Northern New England

ALBANY, NY ? April 2, 2013?? Tech Valley Communications (TVC), a portfolio company of Riverside Partners, announced today that it has signed a definitive Asset Purchase Agreement to acquire substantially all of the assets of Vermont-based TelJet Longhaul, LLC, including TelJet?s fiber network and colocation facility. The transaction will create one of the largest and most dense fiber networks in Upstate New York and Northern New England.? Tech Valley Communications will have more than 190,000 fiber miles and nearly 1,100 lit buildings, and will operate a network that spans New York, Northern New England (New Hampshire, Maine and Vermont) and reaches Canada.

The transaction is expected to close within the next 90 days, subject to customary closing conditions and regulatory approval.

?Acquiring TelJet?s fiber network and colocation facility is very exciting news for Tech Valley Communications. These assets are complementary to our existing footprint and further our goal of operating the largest, most advanced fiber network? in Northern New England and Upstate New York,? commented Kevin O?Connor, Chief Executive Officer and co-founder of Tech Valley Communications.

Tech Valley Communications, founded in 1999, has been building and operating its own FirstLight? fiber optic network for over 13 years. Today, the TVC network serves carrier, wholesale and enterprise customers in Upstate New York, New Hampshire, Vermont, Massachusetts and Maine. TVC?s clientele includes national telecommunications providers, CLECs, and leading enterprises, including healthcare organizations, high tech manufacturing and research facilities, financial institutions, colleges and universities, K-12 schools, public safety agencies, as well as local and state governments.

TelJet Longhaul, LLC, founded in 2002, has built one of the largest fiber networks in Northern New England. With an expert team of experienced engineers, TelJet serves wholesale and enterprise customers in Vermont, New Hampshire and Montreal, Quebec. TelJet?s clientele includes CLECs and leading enterprises, including healthcare organizations, financial institutions, high tech development firms, colleges and universities, K-12 schools and media.? ?TelJet?s mission is to deliver the solutions necessary for our clients to compete effectively on a local and global basis ? and we will continue to hold true to that mission,? stated Greg Kelly, Founder and President of TelJet Longhaul, LLC. ?Now as part of TVC, we will be better equipped to fulfill that mission.? This transaction provides us the resources necessary to expand our service set and capabilities in Vermont and New Hampshire, which in turn will benefit our clients and help to create new jobs throughout the region. My staff and I are looking forward to joining the TVC team and continuing to provide the outstanding service and support that our customers have come to expect.?

?The growth potential created by combining the assets of TelJet with Tech Valley Communications is substantial, and we are very excited for what lies ahead not only for Tech Valley Communications, but the customer base as well,? commented Steven F. Kaplan, General Partner at Riverside Partners. ?With over 25 years of experience in the telecommunications, Internet, and media industries, Greg Kelly is an industry veteran. He has worked hard to build TelJet into a premier telecommunications provider serving Northern New England, and his dedication to his customers will carry through to Tech Valley Communications. This transaction will expand TVC?s geographic reach and deepen relationships with both wholesale and enterprise customers.?

To learn more about Tech Valley Communications, please visit www.techvalleycom.com. For more information on TelJet, please visit www.teljet.com. For more information about Riverside Partners, please visit www.riversidepartners.com

# # #

About Tech Valley Communications

Tech Valley Communications? (TVC), headquartered in Albany, NY, provides fiber optic data, voice, and high-speed Internet services to enterprise, carrier and wholesale customers in Upstate New York and New England utilizing its own FirstLight? fiber optic network.? TVC offers a robust suite of advanced telecommunications products, including dedicated Internet access, Metro Ethernet networks (E-LAN, E-Line), MPLS, traditional TDM solutions, SIP trunks, virtual PBX and audio-conferencing, managed commercial wireless systems, and Data Center Colocation.? TVC?s clientele includes national cellular providers and CLECs and many leading enterprises spanning high tech manufacturing and research, hospitals and healthcare, banking and financial, secondary education, colleges and universities, MDUs (Multi-Dwelling Units) and local and state governments. Tech Valley Communications is the parent company of New Hampshire-based CLEC, segTEL.? Tech Valley Communications is a portfolio company of Boston-based private equity firm Riverside Partners.

About TelJet

TelJet Longhaul, LLC, headquartered in Williston, VT provides data, Internet and colocation services to enterprise and wholesale customers in Vermont, New Hampshire and Montreal, Quebec utilizing its own fiber optic network.? TelJet offers Metro Ethernet services, Internet access, and Data Center Colocation.? TelJet?s clientele includes wholesale carrier customers, medium and large enterprises, healthcare institutions, financial institutions, high tech development firms, colleges and universities, K-2 schools, TV and radio media firms.

About Riverside Partners

Founded in 1989, Riverside Partners is a middle market private equity firm that focuses on growth oriented companies in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. The partners at Riverside Partners have managed more than $500 million in investments in over 50 companies. The firm is currently focused on companies with revenues between $20 and $200 million and with $5-$25 million of EBITDA. For more information, please visit www.riversidepartners.com.

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Source: http://newswire.telecomramblings.com/2013/04/tech-valley-communications-agrees-to-acquire-teljet-longhaul-llc-assets/

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Monday, April 1, 2013

No, you can't re-sell digital music online, judge tells start-up ReDigi

(Reuters) - In a major lawsuit testing the legitimacy of music downloads, Capitol Records LLC has won a court ruling that the start-up ReDigi Inc has infringed its music copyrights.

U.S. District Judge Richard Sullivan in Manhattan said ReDigi was not authorized to allow listeners to use its platform to buy and sell "used" digital music tracks originally bought from Apple Inc's iTunes website.

The decision made public on Monday is a blow to early efforts to create online marketplaces for used digital goods, akin to how used books, for example, might be sold in stores.

It is also a victory for Capitol, a Vivendi SA unit that had sued ReDigi in January 2012 to protect its copyrights on works by artists like Beastie Boys, Coldplay, Norah Jones, Lady Antebellum and Katy Perry.

"This will profoundly affect the economics of any digital re-sale marketplace," by limiting what can be sold as "used" or forcing sellers to obtain copyright holders' approval before transacting business, said Bill Rosenblatt, president of consulting firm GiantSteps Media Technology Strategies.

According to Nielsen SoundScan, which tracks sales of recorded music, digital music sales accounted for 55.9 percent of U.S. music sales in 2012, after surpassing physical purchases for the first time in the prior year.

ReDigi did not immediately respond to a request for comment. Lawyers for both companies did not immediately respond to similar requests.

Sullivan said some open issues remain over Capitol's performance and display rights, as well as damages and injunctive relief that could result in ReDigi being shut down. He directed both companies to advise in writing by April 12 on the next steps in the case.

Detrimental impact found
Created by technology entrepreneur John Ossenmacher and Massachusetts Institute of Technology Professor Larry Rudolph, ReDigi was launched in October 2011, and calls itself "the world's first pre-owned digital marketplace."

The platform allows listeners to swap music tracks at a fraction of the cost of buying them on iTunes. ReDigi makes money from fees on each transaction.

Capitol complained that the platform allowed the unauthorized reproduction and distribution of its music, including through the streaming of 30-second clips. It sought damages of $150,000 per infringement.

In February 2012, Sullivan denied Capitol a preliminary injunction to shut down the service, saying the label failed to show irreparable harm.

But in his new decision, which is dated March 30, Sullivan said ReDigi's service "infringes Capitol's reproduction rights under any description of the technology," and does not deserve protection under the theory of fair use.

"ReDigi facilitates and profits from the sale of copyrighted commercial recordings, transferred in their entirety, with a likely detrimental impact on the primary market for these goods," Sullivan wrote. "It is beside the point that the original phonorecord no longer exists. It matters only that a new phonorecord has been created."

First sale doctrine inapplicable
Sullivan also said ReDigi was not protected by the "first sale" doctrine, which lets people buy and sell copyrighted works after the creators first put them into the marketplace.

He distinguished the case from a March 19 U.S. Supreme Court decision, in Kirtsaeng v. John Wiley & Sons Inc, that said U.S. copyright holders cannot block products they make elsewhere from being resold in the United States.

To sell music bought from iTunes on ReDigi, a user "must produce a new phonorecord on the ReDigi server," Sullivan wrote. "Because it is therefore impossible for the user to sell her 'particular' phonorecord on ReDigi, the first sale statute cannot provide a defense."

Amazon, Apple
E-books, MP3 songs and digital videos bought from iTunes or Amazon.com Inc are effectively rentals, which means they cannot be re-sold once used.

Earlier this year, Amazon was awarded a patent for an online mechanism to allow customers to sell or transfer digital goods. Apple has applied for a patent covering a similar system.

Joe Wikert, general manager and publisher at O'Reilly Media, Inc., described the Capitol Records ruling as "not a good first step" in the development of marketplaces for used digital goods.

"Both Amazon and Apple have been working on patents, which are insurance policies for both of them in my view." Wikert added. "They have been sitting on the sidelines watching the ReDigi case."

Asking all copyright holders for permission to re-sell digital content would be "impractical for all intents and purposes," he said.

The ruling was disappointing because ReDigi planned to give a cut of proceeds from re-sales to copyright holders and the firm was escrowing money for record labels from digital music transactions that had already happened on its nascent service, Wikert explained.

The case is Capitol Records LLC v. ReDigi Inc, U.S. District Court, Southern District of New York, No. 12-00095.

Copyright 2013 Thomson Reuters.

Source: http://feeds.nbcnews.com/c/35002/f/653377/s/2a382457/l/0L0Snbcnews0N0Ctechnology0Ctechnolog0Cno0Eyou0Ecant0Ere0Esell0Edigital0Emusic0Eonline0Ejudge0Etells0E1C9145353/story01.htm

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