Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/301028109?client_source=feed&format=rss
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Wednesday, April 24, 2013
Jury is seated in Jackson wrongful death case
LOS ANGELES (AP) ? A jury of six men and six women was accepted by both sides on Monday for the trial of a wrongful death lawsuit filed by the mother of Michael Jackson against AEG concert promoters.
Lawyers immediately began questioning prospects to sit as alternate jurors.
The jury was seated a week after a pool of more than 100 candidates was assembled. Many prospects were eliminated because they said serving on a three-month trial would be a hardship.
Others were excused for cause when they said they had a bias against Jackson or disapproved of big-figure lawsuits. Others were rejected because they had business ties to AEG or the Jackson family.
Jackson's mother, Katherine Jackson, filed the case on behalf of herself and her son's three children. Their attorneys have pegged the potential damages at $40 billion, but jurors will have to determine any amount the family might receive.
The lawsuit claims AEG, the company that promoted the ill-fated "This is It" concert, hired Dr. Conrad Murray as Jackson's physician without checking his credentials. Murray was convicted of involuntary manslaughter in the death of the superstar from an overdose of the anesthetic propofol.
Coincidentally, his lawyer filed an appeal on Monday of his criminal conviction.
The jury was selected ahead of time estimates. Lawyers were aided by a long questionnaire filled out by jury prospects that sought their views on Jackson and his famous family along with his life and death, and their feelings about multimillion dollar jury verdicts.
The civil case will focus on the pop singer's possible role in his own demise. Witnesses will also testify about his troubled finances and whether AEG wielded too much influence over a cash-strapped Murray by offering him $150,000 a month for his job as Jackson's doctor during the concert tour.
Neither AEG nor Jackson had signed Murray's contract before the singer died.
Some evidence excluded from Murray's trial, including Jackson's financial and medical records, could be used in the civil case, possibly offering new insight into the singer's life before his death on June 25, 2009, at the age of 50.
Source: http://news.yahoo.com/jury-seated-jackson-wrongful-death-case-220520545.html
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Monday, April 22, 2013
Officials: Suspects driven by religion
BOSTON (AP) ? The two brothers suspected of bombing the Boston Marathon appear to have been motivated by their religious faith but do not seem connected to any Muslim terrorist groups, U.S. officials said Monday after interrogating the severely wounded younger man. He was charged with federal crimes that could bring the death penalty.
Dzhokhar Tsarnaev, 19, was charged in his hospital room with using a weapon of mass destruction to kill. He was accused of joining with his older brother, Tamerlan ? now dead ? in setting off the pressure-cooker bombs that killed three people and wounded more than 200 a week ago.
The brothers, ethnic Chechens from Russia who had been living in the U.S. for about a decade, practiced Islam.
Dzhokhar Tsarnaev communicated with his interrogators in writing, a less-than-ideal format that precluded the type of detailed back-and-forth crucial to establishing the facts, said one of two officials who recounted the questioning. They spoke on condition of anonymity because they were not authorized to publicly discuss the investigation.
The two officials said the preliminary evidence from an interrogation suggests the Tsarnaev brothers were driven by religion but had no ties to Islamic terrorist organizations.
At the same time, they cautioned that they were still trying to verify what they were told by Dzhokhar Tsarnaev and were looking at such things as his telephone and online communications and his associations with others.
The criminal complaint containing the charges against Dzhokhar Tsarnaev shed no light on the motive.
But it gave a detailed sequence of events and cited surveillance-camera images of him dropping off a knapsack with one of the bombs and using a cellphone, perhaps to coordinate or detonate the blasts.
The Massachusetts college student was listed in serious but stable condition at Beth Israel Deaconess Medical Center with a gunshot wound to the throat and other injuries. His 26-year-old brother died last week in a fierce gunbattle with police.
People wave U.S. flags while cheering as police drive down Arlington street in Watertown, Massachusetts April 19, 2013. The second suspect in the Boston Marathon bombing, Dzhokhar Tsarnaev, 19, was ... more? People wave U.S. flags while cheering as police drive down Arlington street in Watertown, Massachusetts April 19, 2013. The second suspect in the Boston Marathon bombing, Dzhokhar Tsarnaev, 19, was bleeding, seriously injured and being treated at a Massachusetts hospital on Friday after he was found hiding in a boat, state police said. REUTERS/Shannon Stapleton (UNITED STATES - Tags: CRIME LAW) less?"Although our investigation is ongoing, today's charges bring a successful end to a tragic week for the city of Boston and for our country," Attorney General Eric Holder said in a statement.
The charges carry the death penalty or up to life in prison.
"He has what's coming to him," a wounded Kaitlynn Cates said from her hospital room. She was at the finish line when the first blast knocked her off her feet, and she suffered an injury to her lower leg.
In outlining the evidence against him in court papers, the FBI said Tsarnaev was seen on surveillance cameras putting a knapsack down on the ground near the site of the second blast and then manipulating a cellphone and lifting it to his ear.
Seconds later, the first explosion went off about a block down the street and spread fear and confusion through the crowd. But Tsarnaev ? unlike nearly everyone around him ? looked calm and quickly walked away, the FBI said.
Just 10 seconds or so later, the second blast occurred where he had left the knapsack, the FBI said.
The FBI did not make it clear whether authorities believe he used his cellphone to detonate one or both of the bombs or whether he was talking to someone.
The court papers also said that during the long night of crime Thursday and Friday that led to the older brother's death and the younger one's capture, one of the Tsarnaev brothers told a carjacking victim: "Did you hear about the Boston explosion? I did that."
In addition to the federal charges, the younger Tsarnaev brother is also likely to face state charges in connection with the shooting death of an MIT police officer.
The Obama administration said it had no choice but to prosecute Tsarnaev in the federal court system. Some politicians had suggested he be tried as an enemy combatant in front of a military tribunal, where defendants are denied some of the usual U.S. constitutional protections.
But Tsarnaev is a naturalized U.S. citizen, and under U.S. law, American citizens cannot be tried by military tribunals, White House spokesman Jay Carney said. Carney said that since 9/11, the federal court system has been used to convict and imprison hundreds of terrorists.
In its criminal complaint, the FBI said it searched Tsarnaev's dorm room at the University of Massachusetts-Dartmouth on Sunday and found BBs as well as a white hat and dark jacket that look like those worn by one of one of the suspected bombers in the surveillance photos the FBI released a few days after the attack.
Seven days after the bombings, meanwhile, Boston was bustling Monday, with runners hitting the pavement, children walking to school and enough cars clogging the streets to make the morning commute feel almost back to normal.
Residents paused in the afternoon to observe a moment of silence at 2:50 p.m., the time of the first blast. Church bells tolled across the city and state in tribute to the victims.
Standing on the steps of the state Capitol, Massachusetts Gov. Deval Patrick bowed his head and said after the moment of silence: "God bless the people of Massachusetts. Boston Strong."
On Boylston Street, where the bombing took place, the silence was broken when a Boston police officer pumped his fists in the air and the crowd erupted in applause. The crowd then quietly sang "God Bless America."
Also, hundreds of family and friends packed a church in Medford for the funeral of bombing victim Krystle Campbell, a 29-year-old restaurant worker. A memorial service was scheduled for Monday night at Boston University for 23-year-old Lu Lingzi, a graduate student from China.
Fifty-one victims remained hospitalized Monday, three of them in critical condition.
At the Snowden International School on Newbury Street, a high school set just a block from the bombing site, jittery parents dropped off children as teachers ? some of whom had run in the race ? greeted each other with hugs.
Carlotta Martin of Boston said leaving her kids at school has been the hardest part of getting back to normal.
"We're right in the middle of things," Martin said outside the school as her children, 17-year-old twins and a 15-year-old, walked in, glancing at the police barricades a few yards from the school's front door.
"I'm nervous. Hopefully, this stuff is over," she continued. "I told my daughter to text me so I know everything's OK."
Tsarnaev was captured Friday night after an intense all-day manhunt that brought the Boston area to a near-standstill. He was cornered and seized, wounded and bloody, after he was discovered hiding in a tarp-covered boat in a Watertown backyard.
He had apparent gunshot wounds to the head, neck, legs and hand, the FBI said in court papers.
Meanwhile, investigators in the Boston suburb of Waltham are looking into whether there are links between Tamerlan Tsarnaev and an unsolved 2011 slaying. Tsarnaev was a friend of one of three men found dead in an apartment with their necks slit and their bodies reportedly covered with marijuana.
___
Associated Press writers Eileen Sullivan and Pete Yost in Washington contributed.
Source: http://news.yahoo.com/officials-bomb-suspects-appear-driven-faith-230004568.html
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Top Insider Trades: Major Buys At Walgreen, Lucas Energy, And ...
Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Friday, April 19, 2013.
Purchases:?Stefano Pessina, a Director of drugstore chain ?Walgreen Company (NYSE:WAG), bought 83,299 shares of company stock for $4,049,998. In June of 2012, Walgreen Co. agreed to buy a 45% stake of European pharmacy retailer Alliance Boots. With the $6.7 billion deal, the company's stock price has increased by 37.35% since this time last year. Currently, at the stock's price is $49.35, very close to its $49.63 52 week high.
The San Francisco based investment partnership Meson Capital CP bought 169,967 shares of independent oil and gas company Lucas Energy (NYSEAMEX:LEI) for $219,779, increasing its total stake in the company to 4,222,813 shares. Lucas Energy, based in Houston, Texas, explores, develops, produces, and markets crude oil and natural gas. The stock's price is down 31.55% since this time last year, and is down 12.93% year-to-date.
At integrated fuel cell company FuelCell Energy (NASDAQ:FCEL), Chairman John Rolls bought 200,000 shares of company stock for $183,480, while Director James Gerson bought 100,000 shares for $90,000. FuelCell designs, manufactures, sells, and operates stationary fuel cell power plants. Last Wednesday, the company announced the sale of a megawatt-class fuel cell power plant to Hartford Steam Company, which will install the system at Hartford Hospital in Connecticut. The company expects its total electricity production to reach an annual run-rate of 70 megawatts by May 1.
At multi-state diversified regional bank holding company?Huntington Bancshares Incorporated (NASDAQ:HBAN), President and CEO Stephen Steinour bought 7,600 shares of company stock for $52,710. The stock's price is up 9.15% YTD, but has deceased 5.49% since this time last month.
Sales:?Apollo Management Group (NYSE:APO) sold 13,739,284 shares of Evertec (NYSE:EVTC) for $259,672,464. Evertec is a full service transaction business in Latin America and the Caribbean. Serving 19 countries across the region, the company offers a range of services for merchant acquiring, payment processing, and business process management, processing over 1.8 billion transactions annually and managing 4,100 ATMs. The company had a $505 million IPO on April 15. It's current stock price, $20.25, is down 0.93% since it began being publicly traded.
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1 |
DIR |
JB* |
$4,049,998 |
|||
|
2 |
DIR |
AB |
$2,574,021 |
|||
|
3 |
BO |
B |
$219,779 |
|||
|
4 |
CB,DIR |
B |
$183,480 |
|||
|
5 |
DIR |
B |
$116,733 |
|||
|
6 |
DIR |
B |
$90,000 |
|||
|
7 |
BO |
B |
$67,809 |
|||
|
8 |
DIR |
B |
$53,489 |
|||
|
9 |
PR,CEO,CB |
B |
$52,710 |
|||
|
10 |
O |
B |
$33,776 |
Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes
| #: | Filer Name | Insider Titles | Company Name | Ticker |
Trans Type |
Dollar Value |
|---|---|---|---|---|---|---|
|
1 |
BO |
JS* |
$259,672,464 |
|||
|
2 |
BO |
JS* |
$75,206,254 |
|||
|
3 |
CEO,DIR |
AS |
$3,326,400 |
|||
|
4 |
BO |
S |
$2,053,043 |
|||
|
5 |
CB,DIR,BO |
S |
$1,726,941 |
|||
|
6 |
DIR |
AS |
$1,343,808 |
|||
|
7 |
DIR |
S |
$1,109,809 |
|||
|
8 |
BO |
S |
$1,071,201 |
|||
|
9 |
BO |
S |
$765,094 |
|||
|
10 |
DIR |
S |
$527,698 |
Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes
An important note from Jonathan Moreland, founder of Insider Insights:In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."
Please note, however, that the lists above are strictly factual; they are not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.
At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.
Follow me on Twitter: @JoshWolonick?and @Minyanville
No positions in stocks mentioned.
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Sunday, April 21, 2013
Energy-Harvesting Street Tiles Generate Power from Pavement Pounder
Power for the people takes on a whole new meaning, as the largest installation of Pavegen energy-harvesting tiles to date produces 4.7 kilowatt-hours of energy during the Paris marathon, enough to power a laptop for more than two days
PARIS?On April 7, 2013, Kenya?s Peter Some won the 37th Paris Marathon with a time of 2:05:38. A surprise winner, Some missed the event record by only 27 seconds, thus depriving him of a place in running history. He need not have worried; unknown to him and thousands of fellow marathoners, they were all nonetheless part of a historic event. As they ran across the Avenue des Champs ?lys?es and thumped their feet on 176 special tiles laid on a 25-meter stretch, the athletes generated electricity.
These special ?energy harvesting tiles? were developed by London-based Pavegen Systems. The power thus generated can be used to run low-voltage equipment such as streetlights and vending machines. The concept is the brainchild of Laurence Kemball-Cook, who founded Pavegen in 2009 to commercialize it. ?The Paris Marathon is the first of many such projects that will enable us to realize our goal of taking this technology to retail sites, transport hubs, office blocks and infrastructure spaces,? he says.
Pavegen uses what it calls a hybrid black box technology to convert the energy of a footstep into electricity, which is either stored in a battery or fed directly to devices. A typical tile is made of recycled polymer, with the top surface made from recycled truck tires. A foot stomp that depresses a single tile by five millimeters produces between one and seven watts. These tiles generate electricity with a hybrid solution of mechanisms that include the piezoelectric effect (an electric charge produced when pressure is exerted on crystals such as quartz) and induction, which uses copper coils and magnets. The marathon runners generated 4.7 kilowatt-hours of energy, enough to power a five-watt LED bulb for 940 hours, or 40 days. ?We came together for Paris Marathon to highlight how technology is really going to change the way people think about energy,? says Joe Hart, senior vice president of Segment & Solution Marketing at Schneider Electric.
Easy power collection sounds promising, but implementation is challenging. As Kemball-Cook says, ?Installing the tiles in the ground is one of the hardest things to do as they have to be very durable, weather resistant and should have high fatigue resistance as well. Also, these tiles could get vandalized.?
Hart says that in a couple of years, Pavegen?s technology could become visible and apparent in a number of areas, not only as power units but also in security applications. ?Each of those tiles has wireless capability?using which, we can analyze movement and optimize floor management.?
Pavegen is not alone in harvesting human kinetic energy to generate electricity. Max Donelan, founder of Canada-based Bionic Power, which has developed a wearable knee brace that harvests energy while walking, says the braces ?can be useful when you need electricity without having to rely on the power grid. For example, our knee braces are being developed for military use in places like Afghanistan where battery cells are exorbitantly expensive.?
Energy-harvesting tiles may be just one step for man, but taking many such steps may lead to a more powerful and sustainable future.
Source: http://rss.sciam.com/click.phdo?i=e8687360a18a84a54e5cf13f9b4ba08d
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