Thursday, May 31, 2012

Fabulous Luxury Hotels in Ooty

Ooty is also known as Udhagamandalam and queen of hill stations. The place is situated at a height of 2,240 meters above the sea level.? This picturesque hill station is pleasant throughout the year because of which it has been attracting tourists from all around the world and is very common among the honeymooners? It takes you the majestic heights of Nilgiris where silent hill is clothed with land with pristine beauty.? Ooty tourism offer green hills, cascading waterfalls and sparkling brooks as all of them make this hill station a delight for the eyes.? The misty mountains with the green valleys are a paradise on earth. On your trip to Ooty you can visit places like can visit places like Botanical gardens, Lamb's rock, Dodabetta peak, Kalhatty waterfalls, Sim's park, Dolphin's nose, Avalanche, Coonoor, Kotagiri, boat house, government botanical garden, boat house, children park, Government museum and many others.

Ooty is an ideal hills station as it offers all this and much more.

If you are planning your travel to Ooty then you will be very keen to know about the accommodation offered by this scenic destination.? There are plenty of luxury hotels in Ooty that offer budget and cheap accommodation to the travlers as per their requirement and need. According to the taste, mood and budget the tourists can decide in which hotel to stay. The budget and economy hotels in Ooty offer complete range of facilities like luxury hotels which are comfortable enough to reside during the vacation. Most of these hotels in Ooty ensure that you feel absolutely pampered and experience lavish period hospitality. These hotels in Ooty also offer all types of amenities required for your journey. These hotels are well equipped with all modern amenities such as airy rooms with close bathroom out fitted with cold and hot water supply. The rooms offered by these resorts consists of state of the art facilities with very luxuriantly furnished rooms with both AC and non AC facilities for the travlers.

So if you are a nature lover or want to explore the historical monuments than come and visit Bhopal as the place will never disappoint you with its attractions and will offer you hotels that will offer you with all the comforts of home when you are traveling from one destination to another. So come and explore this charismatic destination with your loved ones and create lifetime memories that you can cherish throughout your lifetime.

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Newton wins restraining order against landlord

Wayne Newton, left, and his wife Kathleen McCrone Newton speak to members of the media after a court hearing for a counterclaim on a lawsuit filed against them, Thursday, May 31, 2012, in Las Vegas. The entertainer's lawyers are denying allegations of mismanagement, animal abuse and sexual harassment lodged in a lawsuit by a business associate, and responding with counterclaims alleging breach of contract and fraud. Documents filed Wednesday in Nevada state court label as ?scurrilous and scandalous? allegations in a lawsuit filed two weeks ago by the company that purchased rights to convert Newton's home into a tourist attraction. (AP Photo/Julie Jacobson)

Wayne Newton, left, and his wife Kathleen McCrone Newton speak to members of the media after a court hearing for a counterclaim on a lawsuit filed against them, Thursday, May 31, 2012, in Las Vegas. The entertainer's lawyers are denying allegations of mismanagement, animal abuse and sexual harassment lodged in a lawsuit by a business associate, and responding with counterclaims alleging breach of contract and fraud. Documents filed Wednesday in Nevada state court label as ?scurrilous and scandalous? allegations in a lawsuit filed two weeks ago by the company that purchased rights to convert Newton's home into a tourist attraction. (AP Photo/Julie Jacobson)

Wayne Newton, left, and his wife Kathleen McCrone Newton speak to members of the media after a court hearing for a counterclaim on a lawsuit filed against them, Thursday, May 31, 2012, in Las Vegas. The entertainer's lawyers are denying allegations of mismanagement, animal abuse and sexual harassment lodged in a lawsuit by a business associate, and responding with counterclaims alleging breach of contract and fraud. Documents filed Wednesday in Nevada state court label as ?scurrilous and scandalous? allegations in a lawsuit filed two weeks ago by the company that purchased rights to convert Newton's home into a tourist attraction. (AP Photo/Julie Jacobson)

FILE - In this Friday, Nov. 12, 2010 photo, Wayne Newton's home is framed at the end of a tree-lined lane on a 52-acre estate in Las Vegas. The entertainer's lawyers are denying allegations of mismanagement, animal abuse and sexual harassment lodged in a lawsuit by a business associate, and responding with counterclaims alleging breach of contract and fraud. Documents filed Wednesday in Nevada state court label as ?scurrilous and scandalous? allegations in a lawsuit filed two weeks ago by the company that purchased rights to convert Newton's home into a tourist attraction. (AP Photo/Julie Jacobson)

FILE - In this photo taken Friday, Nov. 12, 2010, Charlie, a South African penguin, walks around his enclosure on Wayne Newton's estate in Las Vegas.The entertainer's lawyers are denying allegations of mismanagement, animal abuse and sexual harassment lodged in a lawsuit by a business associate, and responding with counterclaims alleging breach of contract and fraud. Documents filed Wednesday in Nevada state court label as ?scurrilous and scandalous? allegations in a lawsuit filed two weeks ago by the company that purchased rights to convert Newton's home into a tourist attraction. (AP Photo/Julie Jacobson)

(AP) ? A judge granted Wayne Newton a temporary restraining order against his landlord Thursday amid stalled plans to turn his lavish Las Vegas estate into a celebrity museum ? a project that has sparked allegations of fraud, mismanagement, animal abuse and sexual harassment.

Clark County District Court Judge Elizabeth Gonzalez ruled that developer Steve Kennedy must stay 50 feet away from the Newton family and their home, effectively putting the brakes on construction to turn Newton's Casa de Shenandoah estate into a tourist attraction.

Kennedy, the manager of CSD LLC, filed a lawsuit two weeks ago claiming the Newton family was unwilling to move out of the house so it could be converted into a museum. The Newtons filed counterclaims alleging breach of contract and fraud.

The legal wrangling paints an uncertain future for Newton's 40-acre estate featuring South African penguins, Arabian horses, celebrity memorabilia and 17th-century antiques imported from European castles.

Newton told reporters after Thursday's hearing that he regretted entering into the deal with Kennedy.

"Totally," Newton said. "I don't like vultures."

Newton lives in the main house on the estate with his wife and their 10-year-old daughter. Kennedy purchased the property for $20 million in 2010 with the intent of building the Newtons a new $2 million home on the estate and converting the gold-trimmed main house into a public venue.

In his lawsuit, Kennedy alleged the Newtons unreasonably delayed the project by refusing to pick a location for their new home. The Newtons countered that Kennedy failed to obtain proper construction permits and did not act in good faith.

"They had no intentions whatsoever of creating a museum honoring Wayne Newton," said Newton's lawyer, J. Stephen Peek, during the hearing.

Newton attended the hearing with his wife, Kathleen McCrone Newton, and her sister, Tricia McCrone, who also acts as the family's publicist and lives in a guest house on the estate. During the hearing, Newton and his wife wore broad smiles, even as McCrone Newton shook her head repeatedly as the allegations that she and her husband had not been cooperative were presented.

Peek claimed Kennedy tried to punish the Newton family by ordering that they banish their prized collection of 55 Arabian horses. Kennedy allegedly removed rose bushes throughout the property that had been planted by Newton's deceased mother. Newton was also prevented from accessing his antique car collection featuring a 1978 Rolls Royce Corniche convertible built for actor Steve McQueen and a one-of-a-kind Bentley Sedanca Coupe, according to the court filings.

The Newtons also said that improper construction at the home caused several leaks, threatening their expensive art collection that includes paintings by Pierre-Auguste Renoir, Salvador Dali and Vincent van Gogh. The family also claimed Kennedy filled up an artisan well that Newton previously used as his "meditation pond."

Kennedy's attorney Charles McCrea Jr. countered that the home had a faulty roof and that the well reeked of sewage, with the toxic fumes having killed three penguins that lived on the estate.

McCrea Jr. said the Newtons must vacate the property so construction can continue. He cited concerns about who would cover the expense of caring for the property's many horses, with costs reaching $40,000 each month. CSD wants to donate the horses to a ranch that has expressed interest in adopting them.

The lawsuit also claimed Newton sexually harassed a young female employee hired to train the horses by repeatedly kissing her on the mouth. The worker quit and has threatened to sue Newton and CSD, according to the lawsuit.

Newton said Kennedy and the woman had a personal relationship and that the woman begged for her job back after she was dismissed last year.

Kennedy declined to discuss the case as he was leaving the courtroom.

Newton said he hoped the museum will eventually open under a different owner.

"Time will tell if it is built," Newton said. "It will not be built under the present circumstances of management."

Both sides are expected to return to court on July 30.

Construction plans for the museum called for a zoo, visitors' center, car exhibition and a theater where Newton could perform live nightly. It was initially scheduled to open late last year.

Newton has lived at Casa de Shenandoah since 1968.

Associated Press

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Bangladesh's Yunus fears for Grameen Bank future

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Wednesday, May 30, 2012

Video: Facebook Stock and Margin Selling

CNBC's Gary Kaminsky shares his take on Facebook's options trading and its impact on the price of the stock.

Related Links:

Business & financial news headlines from msnbc.com

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What You Need To Know About Women's Sports Medicine

A person would not need to have been through program just like: myphlebotomytraining to be able to take care for their own health and fitness. Women?s sports have made it possible for girls to take part in almost all activities that are offered for boys. However, now the need for knowledge about sports medicine and the prevention of injuries and health conditions. We are exploring this topic because of the fact that there are certain issues that are specific to women?s sports medicine.

Knee injuries are a common problem in sports, and women are especially susceptible to these. These injuries can happen at any age, from girls playing in school teams to women going to the gym, the most common injuries relate to the ACL or anterior cruciate ligament. Because this vulnerability is more likely to occur in women than in men it?s critical that you understand that it can happen to you although even the experts don?t quite know why this is true. Consult a physician skilled in sports medicine if you have any knee pain and limit or discontinue all exercise until you are sure it?s safe to resume. When it comes to injuring your knees, it can cause additional damage if you keep playing or working out when there?s a problem. You should always follow the advice or your coach, doctor or trainer when learning how best to move in order to reduce your chances of a knee related injury. Around their mid thirties, women will being to lose muscle mass. Your metabolism will begin to decrease somewhere in this same time frame as well. Even though this is natural it does come with some unwanted side effects. One of these side effects is weight gain which is why more exercise and a healthier diet around this time is so important. Once you?ve reached this stage it will be helpful to add weight training and resistance training to your exercise regimen. You will burn fat more efficiently and help counteract the slowdown in metabolism and its effects on your body. At the same time, it?s necessary to consider your calorie intake as well, especially where carbs, sugars and fatty foods are concerned.

Nutrition plays a large role in sports medicine, and women can prevent and even reverse many conditions by paying attention to their diets and adding certain supplements. Bone health is very important, which is why it is a well-known fact that women need to get plenty of calcium. MSM, glucosamine and chondroitin, which are often found together in a combination formula, can be helpful, especially if you?re active. Fish oil capsules are very good for your bone health as well as your heart. A healthy diet and supplements can help your bones stay strong. A wide range of conditions are covered by women?s sports medicine as you can probably see from this information. Being aware of these issues makes it easier to prevent them from happening to begin with. Good medical advice is key to getting you back on track once something does occur. Don?t push yourself too hard, your body needs time to heal in most cases which means taking it a bit easier when you do have an injury.

Read more:

  1. What You Need To Know About Women?s Sports Medicine
  2. Tips to Help You Start a Regular Fitness Routine
  3. Kidney Stones -Causes and Risk Factors You Should Know About
  4. Three Effective Weight Loss Tips
  5. How to Choose the Best Skin Care Products and Treatments
  6. The Detox Diet ? Is It Safe?
  7. 2012 Sports Illustrated Swimsuit Issue shoot
  8. Photos | MTV Buzzworthy Blog: Celebs At Sports Games!
  9. Photos | MTV Buzzworthy Blog: Celebs At Sports Games!

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Tuesday, May 29, 2012

NOW Foods Whey Protein Isolate Pure, 1.2 ... - Body Health & Fitness

NOW Foods Whey Protein Isolate Pure, 1.2 -Pounds

  • 1 Pounds Powder
  • Serving Size: 1 scoop (28 g)
  • 16 Servings Per Container
100% Pure Mixes Instantly Microfiltered High in Branch Chain Amino Acids Natural Unflavored All Natural - No Aspartame, No Sucralose, No Acesulfame-K Voted 2005 and 2006 Whole Foods Magazine ?Best Sports Supplement? NOW? Whey Protein Isolate is a high quality protein supplement that is both bioavailable and easily digested. Whey protein contains a high concentration of Branched Chain Amino Acids (BCAA's), which are important for efficient muscle metabolism. These qualities make NOW? List Price: $ 28.56 Price: $ 12.49

Find More Whey Protein Products


This entry was posted in Supplements and tagged foods, Isolate, pounds, protein, Pure, whey. Bookmark the permalink.

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Christine Marinoni and Cynthia Nixon: Married!


Former Sex and the City star Cynthia Nixon is now a married woman.

The actress exchanged vows over the weekend with Christine Marinoni, the woman to whom she got engaged three years ago during a rally to support same-sex marriage in New York. A bill allowing for just that was passed in the summer of 2011.

Christine Marinoni and Cynthia Nixon Photo

Confirms Nixon's rep to People:

"On May 27, 2012, Cynthia Nixon and her girlfriend, Christine Marinoni, were legally married in the state of New York. Nixon wore a custom dress by Carolina Herrera."

Nixon - who has two children from a previous relationship and one with Marinoni, an education activist - created a stir earlier this year when she said homosexuality is a choice. She then went on to amend the statement and explain she was only referring to her own experience.

[Photo: WENN.com]

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SEO: Just How Does it Work? | SEO and Link Building

To succeed in marketing your own business on the web, it all starts with a unique, effective and ?search engine friendly? website. Without having these 3 factors, it will be very difficult for people to find you and your business online.

Of all the three elements though, the most important so that you can grow your business online is to keep your website ?search engine friendly? ? and that all begins with search engine optimization or ?SEO? for short.

New to SEO? Actually, most of us have no idea how major search engines find out which websites rank at the top and which are completely ignored. So if you are not familiar with how it all works, it?s not just you!

To put it briefly, search engine optimization or SEO is the art and science of making your website as easy to locate by the search engines as possible. And when you?re making it easy for the search engines to find you?then your potential clients find you as well.

SEO is arguably THE most important element when it comes to setting up a profitable and successful online presence because without it, it doesn?t matter how awesome your site or how earth-shatteringly amazing your product or service is, if nobody can find you in Google, then it?s all for nothing.

Just How Does SEO Actually Work?

Well lets say you?re a dentist in San Mateo, California and you wish to grow your business. As a dentist, potential people searching for the services you provide may type in such words as ?san francisco dentist? or other such terms into major search engines like Google, Yahoo and Bing.

In a perfect world, your site would appear on the 1st place ranking in Google for both of those ?keywords? that your potential client has typed in. If your website appears on the first page of the Google search engine, your potential customers will be very likely to find you and know about your dental services:

However if your business website is not listed on the first page of search results, then potential customers are going elsewhere for their dental services. As a result, they?ll have a really difficult time finding your site and learning with regards to what you do. The truth of the matter is, the last time YOU did a search on Google for anything, when did you ever go to the second page of search results? If you are like most people, probably very rarely, if at all.

The objective then, is to get your site to the first page of Google. That is exactly where all the traffic and money is simply because so few people search deeper than page one.

Furthermore, the higher your business website appears on page 1 the better. In addition, it?s been shown that for people who are trying to find local business services online, 61% of them make a buying decision on that search!

Now more than ever before, it is very important for businesses to have excellent exposure on the major search engines like Google, Bing and Yahoo.

The major search engines, like Google look at both factors to find out what website they will ?serve up? when someone enters a keyword like ?san francisco dentist?, ?toothache?, ?beanie baby? or ?how to lose weight?. Each time a person type in any of these keywords into the search box, the search engine (and Google is the best with this right now) combs the internet in a millionth of a second to serve up the webpage or website they deem is most relevant and authoritative for your search. This is how you get to the top of the search engine results.

When you put together ?relevance? with ?authority?, you have a magical formula for success with having your website and your individual webpages to the first page of Google and the other search engines.

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Lockerz Acquires Fashion Community Chick Approved

Screen Shot 2012-05-23 at 10.09.45 AMSocial commerce startup Lockerz just announced that it has acquired online fashion community Chick Approved. Lockerz allows its members to earn "PTZ" by sharing content and other activity on the site, which are then redeemed for discounts in the Lockerz store. Fashion, style, and beauty are the company's fastest growing categories, says founder and CEO Kathy Savitt, and she describes this acquisition as a way to "really double down" in that area.

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Monday, May 28, 2012

Pollution From Asia Affects US Climate

Whether the guy is an idiot, a troll, or just a dumbass doesn't change one simple fact...Free Trade DOES NOT WORK because it is just what we see in TFA, we are simply exporting our pollution to the third world!

This is why i have been saying for years you just can't have free trade with countries like China and India which let corps dump toxins out the back and belch toxic clouds of filth into the sky because, and I'm sure the free market types will scream for me daring to point this out, but we live in a fishbowl folks and anything you dump on one side eventually affects everyone. all that crap dumped into rivers ends up in the ocean, all that crap in the air ends up carried over here or likewise settles in the oceans, it all comes around.

This is why we should simply not allow trade with countries that don't have similar environmental regulations to us, because all that is happening is the mutilnationals are playing three card monty with the pollution and they enjoy higher profits the more they pollute.

So frankly the "greenies" can stick it right in their ass, because as long as we allow multinationals to just pollute the third world while selling to the first all that green shit is fucking pointless. Its like simply throwing all the garbage in the basement and then bragging about how clean your house is, you're just putting the nasty shit out of sight, not actually doing anything about it. You can screw Americans with carbon credits and give huge tax breaks to electric cars but so long as damned near every thing in every store is made in pollution friendly countries then none of it will make a damned bit of difference, not a damned bit at all.

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Points Everyone Should Know about Outdoor umbrella Insurance ...

Whilst it can seem to be difficult as well as a mammoth task to handle do it yourself insurance agents and brokers administration, the majority of the function happens in the actual implementation involving systems along with the fulfilling regarding criteria. After the original start-up has been found out it can be primarily a matter of normal sense in addition to risk-management. Plenty of businesses enlist the services of a security management expert to guarantee they match conditions along with laws. Here is the most essential section of self state unemployment insurance california and might expenditure greatly concerning equally time and expense when it is seen that your business fails to fulfill the quality. A security expert can certainly simplify procedures and solve dilemmas that is usually baffling to your untrained eye.

In point of fact motor vehicle connected promises are usually falling in the united kingdom. A stressing and disconcerting issue is definitely although the selection of payment promises will be boosting. And so less incidents, further promises. In reality it will be calculated which the insurance policy entire world get rid of millions almost every 12 months in fraudulent promises.

These best health insurance in georgia procedures are usually not equivalent for most of the forms of retail companies. The quantity of protection is determined by how much probability experienced by that specific style of list enterprise. 142-13-9985

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Every one will be carrying some sort of cross. No-one lives on this planet free of burden nor with joy by itself. A similar is a fact in operation. All corporations, even the giants, are laboriously having their own personal traverses, with the needs in manufacturing to your continually modifying standing in the comfortable economy. There?s no in time a year that the significant load is absent. This regular battle is made even worse with a moderate in order to serious hits from unpredicted occasions, including skyrocketing prices of raw materials or fortuitous instances, e.grams. fire.

Another advantage of obtaining your insurance firm online is, even if you?re previously insured, should you believe you happen to be having to pay too much, getting a quotation is often done extremely easily. You may virtually research, obtain a offer, have a very fresh insurance provider, and stay conserving cash flow within minutes, by using the net to get the insurance policies you are shopping for.

Proper Licensing: Being an insurance plan specialist you?ll have to be licensed to the outlines of home business you intend to sell/ broker. As an example, brokering everyday living, well being, residence as well as casualty, or even a mixture of individuals entails condition licensing. Consult the section of insurance policy on the state where you reside for your appropriate licensing/ bonding demands. If you strategy to get brokering insurance coverage to buyers in numerous states you need to have a license through individuals claims likewise.

Traveling abroad is undoubtedly an working experience the majority of people would look ahead to do. But, just like other things, it arrives provided with lots of joy along with surprises, some of which is generally not too pleasurable. Therefore it is normally smart to be ready for every thing. A foreign land, regardless of how warm and friendly, will consistently be somewhat unfamiliar which is finest to prevent getting into troubles there. The best you may do when this occurs is always to insure your self versus most dangers along with abroad travel insurance policies is undoubtedly the best solution.

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Saturday, May 26, 2012

1 Year ... 1000 Challenge: My 10 Best Calorie Killing Tips

Helllllloooo everyone,

Spring is definitely here in Santa Barbara.? As we head into a holiday weekend popular for BBQ's here in the States I got to thinking about all the food: chips, hamburgers, hotdogs, dips, cookies, etc... that will be consumed this weekend.

I thought to myself, "my gosh we eat a lot!" hahaha, but even more than that I thought, "if the right measures are taken, we can still enjoy our cake and not have it punish us at the waist line."

To help you all enjoy bbq's, parties, friends, family, and food I wanted to share with you all 10 of My Best Calorie Killing Tips that I have been teaching clients for years.

Do your best to incorporate these tips into your life.? If you do you will not only be able to enjoy the good food, but you will enjoy it in a way knowing that you are in control of the decisions you are making.

Happy BBQ-ing. :)

  1. Always eat your veggies first.? Not only will you be ensuring the consumption of something nutritious, you will be less likely to overeat when you move onto the main course.
  2. Drink Lots of Water.? On days that you know run the risk of being high calorie consumption days, drink extra water.? It will help fill you up and the need to pee will keep you from sitting in front of your plate, constantly shoveling food into your face.
  3. Stay away from the chips and dip.? This is where most are the most vulnerable.? They provide nothing but mindless snacking.
  4. If your the host, consolidate into one bowl.? I have been to parties where snack food is found at every corner making it all to easy to eat.? If your the host help your guests out and keep it in one place.? Fighting through the crowd will help curve the temptation and calories.
  5. Have your dressing on the side instead of tossed in with your salad.
  6. When it comes to condiments stick with just your favorite, don't overdo it and have four different spreads.
  7. Chew vs Inhale.? If you take your time to chew your food it is scientifically proven that you will consume much less than the person who can't keep their fork away from their mouth.? Chew each bite 20 times as a starting point.
  8. Make sure you exercise on party day.? Most of us are going to be less likely to put a bunch of junk back into our bodies after we just spent a lot of time, blood, sweat, and tears burning it off.
  9. Remain standing and move often.? Standing is a more dynamic movement than sitting,? Plus if you are constantly moving around and mingling you are burning way more calories than the person slouching in the chair.
  10. Play games, lots of them.? Parties are a great time to act silly and I encourage you to participate in the silliness.? Games bring out the kid inside of us and what do kids do much better than adults??? Expend energy!!!? Let loose and party like a kid, play lots of games and expend lots of energy.
?And of course if you want more info on calorie killing and all things fitness be sure to check out the fitness section of my website: Jesse Brisendine Fitness

Enjoy the party,

Carpe Diem,

Jesse

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Friday, May 25, 2012

Gov't against rise of health insurance for kids, pensioners | Prague ...

?TK |

24 May 2012

Prague, May 23 (CTK) - The Czech cabinet Wednesday rejected Health Minister Leos Heger's (TOP 09) proposal that the state increase its health insurance contributions for children, pensioners, the unemployed and other selected groups as from next year.

The Finance Ministry, headed by Miroslav Kalousek (TOP 09), beforehand called the proposed increase by 49 crowns to 772 crowns per head and month unfeasible.

Heger's proposal, if accepted, would bring an additional 3.6 billion crowns to the health care system, which would soften the impact of the VAT increase, planned as from 2013.

Last time the state raised its health insurance contributions for the selected groups as from January 1, 2010.

The Finance Ministry said on its website that the health insurance should be kept untouched. The Health Ministry argued that the state should not give up its adequate share in regular health insurance contributions.

"The government's effort to improve the state budget balance cannot be permenently based on worsening the balance of the public health insurance system, which is also a public budget," Heger said previously.

According to data submitted by Heger, the average number of people whose insurance contributions will be covered by the state next year is 6.1 million a month.

If the state increased its contributions for the selected groups, it would pay a total of 56.5 billion crowns to the health system in 2013, some 3.6 billion more than this year.

The relevant law enables the government to adjust the insurance contributions in view of the average pay development. The average pay has inreased by an average 2.7 percent a year from 2009 to 2011.

It ensues from health insurers' data that the system will end in an overall loss of 3.5 billion crowns this year, if nothing unexpected occurs.

Copyright 2011 by the Czech News Agency (?TK). All rights reserved.
Copying, dissemination or other publication of this article or parts thereof without the prior written consent of ?TK is expressly forbidden. The Prague Daily Monitor and Monitor CE are not responsible for its content.

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Thursday, May 24, 2012

Regulators probe bank's role in Facebook IPO

WASHINGTON (AP) ? Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.

Rick Ketchum, the head of the Financial Industry Regulatory Authority, the self-policing body for the securities industry, said Tuesday that the question is "a matter of regulatory concern" for his organization and the Securities and Exchange Commission.

The top securities regulator for Massachusetts, William Galvin, said he had subpoenaed Morgan Stanley. Galvin said his office is investigating whether Morgan Stanley divulged to only some clients that one of its analysts had cut his revenue estimates for Facebook before the stock hit the market on Friday.

The bank said late Tuesday that it "followed the same procedures for the Facebook offering that it follows for all IPOs," referring to initial public offerings of stock. It said that its procedures complied with regulations.

The questions about the role played by Morgan Stanley, the lead underwriter for the deal, add to the confusion surrounding Facebook's IPO. In the most hotly anticipated stock debut in years, the offering raised $16 billion for the social networking company, valuing it at $104 billion

On Tuesday, Robert Greifeld, the CEO of the Nasdaq Stock Market, acknowledged to shareholders of Nasdaq's parent company that "clearly we had mistakes within the Facebook listing."

The stock debut, originally set for 11 a.m. EDT Friday, was delayed more than half an hour because of technical problems at Nasdaq. Some brokerages were still sorting out the aftermath on Tuesday.

"Unfortunately, our clients continue to feel the effects of this in some cases," said Stephen Austin, a spokesman for Fidelity Investments, one of the country's largest brokerages. Fidelity was still waiting for some Facebook stock orders that it placed on Friday to be executed. Fidelity's systems had performed normally, Austin said.

In the meantime, Facebook stock itself has been a disappointment. It fell $3.03 on Tuesday to close at $31 and has now fallen $7, or more than 18 percent, from its offering price of $38. It managed to add just 23 cents in its first hours of trading on Friday, then suffered a big decline on Monday.

The Reuters news service reported Tuesday that a Morgan Stanley analyst, Scott Devitt, cut his estimate for Facebook's revenue this year to $4.85 billion from more than $5 billion earlier. Reuters reported that it was unclear whether Morgan Stanley had told only select clients about the reduced estimate.

Reuters reported that the analyst cut his figures for Facebook while the company's executives, including founder and CEO Mark Zuckerberg, were shopping the stock to potential investors in the weeks ahead of the IPO, a process known in investing as a road show.

Morgan Stanley, in its statement, did not specifically address which clients might have been told about a reduced estimate from one of its analysts. It said that "a significant number" of analysts, including those from other firms underwriting the stock issue, had reduced their estimates for Facebook to reflect publicly available information about the company.

That was a reference to a May 9 regulatory filing in which Facebook said a shift by many Facebook users toward mobile devices might limit its revenue growth. Social media companies have struggled to make as much money as they would like from mobile advertising. Advertising accounts for more than 80 percent of Facebook's overall revenue.

Morgan Stanley also said that revised analyst views were taken into account in setting the stock offering price at $38 per share. Facebook, working with Morgan Stanley, first set a range of $28 to $35 for the offering price, then raised the range to $34 to $38 before setting it at $38 on the night before the IPO.

When the stock started trading Friday, it jumped several dollars, but quickly fell back toward $38. It never crossed below that level on its first day, and outside analysts said that was probably because Morgan Stanley, eager to avoid the embarrassment of a first-day decline in the stock price, had rushed in with thousands of buy orders at $38.

The Wall Street Journal reported Tuesday night that Facebook's chief financial officer, David Ebersman, decided shortly before the stock debut to raise the number of shares the company would offer by 25 percent. The Journal, citing people familiar with the planning of the stock offering, also reported that Morgan Stanley had assured Ebersman there was plenty of demand for the stock.

A spokesman for Facebook Inc., which is based in Menlo Park, Calif., said late Tuesday that the company had no comment.

The SEC had already said on Friday that it was looking into problems surrounding the IPO. On Tuesday, the agency's chairman, Mary Schapiro, said: "I think there is a lot of reason to have confidence in our markets and in the integrity of how they operate, but there are issues that we need to look at specifically with respect to Facebook."

___

AP Technology Writer Barbara Ortutay and Julie Walker of AP Radio contributed to this report from New York.

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Wednesday, May 23, 2012

Paramount Pictures content coming to Prime Instant Video

Kindle Fire

Amazon has been busy gathering up plenty of content partners for the past little while and now they've come to agreements with the folks from Paramount Pictures. Amazon Prime members will be able to access hundreds of videos from the Paramount Pictures catalog through any Prime Instant Video compatible device, including the Amazon Kindle Fire.

“We are continuing to invest in building a vast selection for Prime Instant Video and are excited to bring Prime customers some of the most renowned and popular films in cinema history under this new agreement with Paramount,” said Brad Beale, director of digital video content acquisition for Amazon. “This deal will bring Prime Instant Video customers hundreds of new movies to enjoy on their Kindle Fire or any device connected to Amazon Instant Video, including titles such as Star Trek, Breakfast at Tiffany’s, Top Gun, The Italian Job and The Truman Show, and we will remain committed to adding even more great movies and TV shows to Prime Instant Video in the future.”

If you don't already have an Amazon Prime membership, you can sign up for a one month free trial right now. Looking for the full press release from Amazon? It's below for you all or you can hit up the Amazon website for the full details as well.

Source: Amazon

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