Shares of Arris Group rise on strong 2Q results

NEW YORK (AP) -- Shares of Arris Group Inc. rose Thursday after the internet equipment provider posted better-than-expected second-quarter results, boosted by contributions from its acquisition of Motorola Home.

THE SPARK: Arris said late Wednesday that it posted a loss of $50.3 million, or 37 cents per share. The compared with a year-ago profit of $15 million, or 13 cents per share, in the same quarter of 2012.

Excluding one-time items, the company earned an adjusted 46 cents per share for the recent quarter, well ahead of average analysts' estimates of 25 cents per share, according to FactSet.

Revenue nearly tripled to $1 billion. Analysts expected $975.6 million.

For the current quarter, Arris said it expects to post an adjusted profit of 32 cents to 37 cents per share on $1.05 billion to $1.08 billion in revenue. Analysts expect a profit of 28 cents per share on $1.11 billion in revenue.

THE BIG PICTURE: Earlier this year, Suwanee, Ga.-based Arris bought Motorola Mobility's TV set-top business from Google Inc. for about $2.2 billion in cash. The deal was designed to catapult Arris from being a relatively minor provider of high-speed Internet equipment into a much larger player in the delivery of video.

Since the deal closed in April, Arris shares have fallen about 7 percent.

THE ANALYSIS: Jefferies analyst James Kisner backed his "Hold" rating for the stock, saying that while the third-quarter guidance was mixed, he's impressed overall by Arris' earnings power. But he said he'll hold off on buying the shares until he's more confident about the growth and profitability prospects for the company's set-top box business.

THE SHARES: Up 63 cents, or 4 percent, to $16.25 in morning trading, after peaking at $16.85 earlier in the day. Over the past 52 weeks, the company's shares have traded between $12.40 and $17.98.

Source: http://news.yahoo.com/shares-arris-group-rise-strong-153323963.html

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THE PAEDOFILE: In which three ways is money connected to child ...

[unable to retrieve full-text content]So to those who remind me that over 85% of all child abuse happens in the private homes of the families involved, yes, I accept that as entirely supported by the facts; but no, I don't think we should stop the campaign to bring those who .... However, it would be interesting to know the breakdown of abuse into abuse committed by biological parents and abuse committed by non-biological parents (with apologies to all step-parents and adoptive parents who treat their ...

Source: http://hat4uk.wordpress.com/2013/08/07/the-paedofile-in-which-three-ways-is-money-connected-to-child-sex-abuse/

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Israel: Muslim Man From Turkey Beheads Woman In South Tel Aviv

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Source: midnightwatcher.wordpress.com --- Wednesday, August 07, 2013
Islam. Beheading. You can?t think of one without thinking about the other ? By BEN HARTMAN, The Jerusalem Post ? ?A financial dispute between two lovers was the motive behind the murder and decapitation and dismemberment of a Romanian foreign worker found stuffed inside a suitcase in south Tel Aviv on Saturday. The alleged murderer, Turkish citizen [?] ...

Source: http://midnightwatcher.wordpress.com/2013/08/07/israel-muslim-man-from-turkey-beheads-woman-in-south-tel-aviv/

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Insight co-founders Tim & Eric Crown form US-China business advisory group

Left to right: Tim Crown, Eric Crown and Robert Parker in China.

Insight Enterprises Inc. co-founders Tim and Eric Crown have partnered with Robert Parker, a former Insight executive, to form an advisory group on U.S.-China business relationships.

The Crown Parker Advisory Group started up about 18 months ago, but wasn?t formalized as an entity until the past couple of months. It specializes in strategic partnerships, mergers and acquisitions, raising capital and government relations between high-profile American and Chinese companies.

The trio is working with clients in the fields of clean energy, logistics, entertainment, commodities and banking.

?We?ve been very helpful to large organizations to help them shepherd through the process,? said Eric Crown, who said their Fortune 500 clients wish to remain anonymous. ?We help them with the pitfalls of working in China and understanding how the government relations work.?

The group is helping to develop a new cold chain logistics company in China. Up to 70 percent of Chinese perishables go bad because they don?t have a good system to keep the goods cold, Crown said.

?We?re helping the Chinese understand cold chain logistics, working with refrigerator trucks and figuring out how to deliver the goods to the Chinese,? he said.

The Crown brothers started Insight (Nasdaq:NSIT) in Tempe in the late 1980s. Eric left the technology provider about seven years ago, and Tim is still chairman.

Parker, former Insight vice president of financial services, became a friend of China?s President Xi Jinping after interviewing him for Fox News in February. He said he feels confident that with Jinping?s leadership, China and the U.S. ?will succeed together in business and in friendship.?

Hayley Ringle covers technology and startups for the Phoenix Business Journal.

Source: http://feedproxy.google.com/~r/vertical_45/~3/bsHYP6tq7yo/insight-co-founders-tim-eric-crown.html

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Is Your Birth Control Effective? How to React to Unwanted Pregnancy

Maybe you've been on the Pill since you were 16. Or perhaps you're someone who always keeps a condom in your purse?just in case. Whatever your contraceptive of choice, you're confident that using it means you won't be sporting a baby bump in the near future. And, to a certain extent, you should be able to breathe easy: Modern birth control is extremely effective. But nothing works 100 percent of the time, and slipups occur more often than you might think. According to the Guttmacher Institute, a whopping 49 percent of all pregnancies in the United States are unintentional?and not everyone who finds herself unexpectedly knocked up was snoozing through sex-ed class. In fact, half of all women who accidentally get pregnant were using some type of birth control.

So what's going wrong? A lot of it comes down to user error, such as neglecting to take an oral contraceptive every day. "Life is busy and complicated for most people, and sometimes having to think about one more thing is too much," says Katharine O'Connell White, M.D., division chief of general obstetrics and gynecology at Baystate Medical Center in Springfield, MA.

Of course, taking care of an un-anticipated addition to your family is no easy feat either. Here's what went wrong for five readers, plus strategies for getting it right.

Source: http://www.shape.com/lifestyle/sex-and-love/5-ways-birth-control-can-fail

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Ebix says money laundering allegations are false; shares slide

By Sruthi Ramakrishnan

(Reuters) - Ebix Inc said allegations that it was involved in money laundering were false, after its shares tumbled on a Bloomberg report that federal investigators were reviewing the insurance software maker's cross-border financial transactions.

A former Ebix executive was asked by the FBI about the company's wiring of funds to operations in locations such as India, Sweden and Singapore, Bloomberg reported, citing people with knowledge of the matter. (http://link.reuters.com/jaz22v)

Ebix said in a statement on Tuesday that the Bloomberg article was "erroneous" and that "allegations of money laundering were false, inaccurate and likely to cause significant financial harm to Ebix shareholders."

A spokesman at the U.S. Attorney's Office in Atlanta did not comment on the matter. A Bloomberg spokeswoman said the news agency stood by its report.

Ebix shares fell as much as 30 percent to a low of $8.31 before closing down 7.5 percent at $10.91 on the Nasdaq.

The Bloomberg report comes after Ebix said in June that its planned merger with an affiliate of Goldman Sachs Group Inc was canceled after U.S. regulators started an investigation into allegations of misconduct at the company.

The report said one area of interest to FBI agents and attorneys for the Securities and Exchange Commission was Ebix's largest investor, the Rennes Foundation.

Ebix said on Monday it had no business or transactional relationship with any company affiliated with the Rennes Foundation except as an investor of the company.

Liechtenstein-based Rennes owned 9.6 percent of the company's stock, as of July 9.

The lead director of Rennes Foundation, Rolf Herter, was not immediately available for comment. Herter is also on the Ebix board.

Ebix has been dogged by allegations from short-sellers about inaccuracies in its financial statements since 2011.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Saumyadeb Chakrabarty)

Source: http://news.yahoo.com/ebix-says-money-laundering-allegations-false-shares-slide-203847103.html

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Sony rolls out updates for its Walkman, Movies and Album apps (video)

Starting today, Sony is rolling out updates for three of its media apps: Walkman, Album and Movies. Across the board, the most notable change is that each of the apps will now have enhanced integration with your media in the cloud. For example, Walkman app users will now be able to search both locally stored and cloud-based content through Music Unlimited. Similarly, Movies, which is getting a minor facelift with a tweaked interface, has been synced up with Video Unlimited to provide more content accessible from Sony devices. Lastly, the Album app is getting its share of upgrades, including PlayMemories Online integration, intelligent recall playback and a new favorites feature. The updates are being introduced gradually for owners of Xperia devices running Android Jelly Bean 4.2 via an over-the-air download through the Update Center. For more info, check out the video after the break.

Filed under: Software, Mobile, Sony

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Source: Sony

Source: http://www.engadget.com/2013/08/07/sony-walkman-movies-album-updates/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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