* If you’ve got £23,000 and you’re looking for a last-of-the-line but brand new and unique piece of motoring history, sign up for one of just 26 hand-finished, right-hand-drive Saab 9-3 Convertibles that are now on sale.
Three levels of specification are available – SE, Aero and Independence Edition. The all-turbo powertrain range comes with a 160bhp or 180bhp, 1.9-litre twin-turbo diesel or a 2.0-litre petrol engine with 163bhp or 220bhp.
The Independence Edition has the 180bhp diesel with a six-speed automatic gearbox as standard. Amber Orange metallic paint and a limited edition serial number etched into the rear side windows make it a car for collectors.
The last of the Saabs start at £22,750. Full details from one of 87 authorised Saab repairers, or via saab.com.
* The total cost of pothole damage to motorists over the last 12 months is £739 million, claims Kwik Fit. That’s 56 per cent up on the previous year. The average cost of repairing cars damaged by these flawed road surfaces is £150, it says.
* A reminder that from July 1 anyone driving in France is required to carry a single-use disposable breathalyser kit. They’re £2.25 (excluding VAT) each from the Freight Transport Association website, or call 08717 111111.
Paazee firm promoters appear before court - The Hindu
The three promoters of the Paazee forex firm were produced before the court and the Judge for TANPID cases posted the case to June 1.
The three promoters of the firm Kadiravan, Mohanraj and Kamalavalli were arrested by the Central Bureau of Investigation from Chirapunjee in North East a couple of months before on charges of having defrauded the investors by failing to repay their deposits. Cases were registered against them under the provisions of Tamil Nadu Protection of Interests of Deposits Act.
The three are in judicial custody. On Friday, all the three were produced before the court and the case was posted to June 1. It may be recalled that the CBI in the first week of May had filed a 14,000 page charge sheet in the Paazee forex firm scam and had listed 1,432 witnesses.
All the three directors were then brought back to the Coimbatore Central Prison and lodged there in the afternoon.
In the first week of June, the court is likely to frame charges against all the accused, sources said.
Power Finance Corporation Ltd. - SWOT Analysis - new company profile report - Transworld News
Power Finance Corporation Ltd. - SWOT Analysis - new company profile report
London 5/18/2012 06:14 AM GMT (TransWorldNews)
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Power Finance Corporation (PFC or 'the company') is a public sector financial services company. It offers fund and non-fund based financial services, including project term loan, lease financing, direct discounting of bills, short term loan, and financial consultancy services to the power and associated sectors. The company primarily operates in India, where it is headquartered in New Delhi, and employs around 365 people. The company recorded revenues of INR101,284.9 million ($2,221.2 million) during the financial year ended March 2011 (FY2011), an increase of 26.6% over FY2010. The operating profit of the company was INR99,680.4 million ($2,186 million) in FY2011, an increase of 25.8% over FY2010. The net profit was INR26,195.8 million ($574.5 million) in FY2011, an increase of 11.1% over FY2010.
Report Scope
- Provides all the crucial information on Power Finance Corporation Ltd. required for business and competitor intelligence needs
- Contains a study of the major internal and external factors affecting Power Finance Corporation Ltd. in the form of a SWOT analysis as well as a breakdown and examination of leading product revenue streams of Power Finance Corporation Ltd.
-Data is supplemented with details on Power Finance Corporation Ltd. history, key executives, business description, locations and subsidiaries as well as a list of products and services and the latest available statement from Power Finance Corporation Ltd.
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DEA Drug Tales: The Death of William Coyman and His Money - Opposing Views
Everyone knows how it’s supposed to go – the DEA or other policing agency catches the bad guys and seizes their stuff. The news reports about drug interdiction usually list the amount of cash taken in the arrest. It’s the norm for goods and money taken to then go to the agency involved to fund further anti-drug operations.
But what happens when there’s a counterclaim?
In what may turn out to be an important test case, the DEA seized $180,000 with the claim it was drug money and the purported owners are taking them to court to get it back.
This follows the heart attack death of William Coyman. He stepped off a train in NY and died on the platform. A search of the bag he had found $180,000 in cash. If that wasn’t suspicious enough, it turns out Mr. Coyman had previously been incarcerated for drug dealing and, at 75, was a retired union man – a union tied to organized crime.
But what is really at issue is just how the DEA determined it was drug money, since no drugs were found on the dead man. They used a drug dog who was alerted to the cash.
Further investigation found that Mr. Coyman was transporting the money for a production company in Boston. According to a report from MSNBC, the company, 180 Entertainment, is also under suspicion.
They quote Mr. Coyman’s son, speaking about his father, “The people connected to that money are probably not good people. My dad was a great man. But clearly he had a colorful history.”
The question is whether the dog’s testimony is enough to label the money as “illegal drug money” and subject to seizure. There have been no drug arrests, nor has any crime been alleged. And in 2009, CNN reported that 90% of US currency had traces of cocaine on it. How exactly does one tell, without other evidence, that money was used to purchase drugs?
How this plays out in court will be instructive. 180 Entertainment wants their money back. If they survive the assumed investigation into their activities, it will come down to a dog’s nose.
Money saving summer tips from TXU Energy - Examiner
Slideshow: J.Lo may be leaving 'Idol', but we'll always have these pics.
See her in sexy swimsuits
The Business Finance Store Discusses Small Business Outsourcing - Consumer Electronics Net
May 18, 2012 --
Santa Ana, CA (PRWEB) May 18, 2012
The City of Costa Mesa, CA took the first steps this week to outsourcing jail services and street sweeping in order to save tax payers money, The Orange County Register reported. In this sense, the term outsourcing is more akin to contracting out locally rather than what the average person traditionally thinks of when they hear the term outsourcing. Despite the negative connotation of the term outsourcing, the practice can often save small business owners a fair amount of money, thus keeping their business in the black. In the recent blog post Best Countries for Outsourcing, The Business Finance Store discusses things and places to consider when thinking about outsourcing small business tasks.
While hiring within the United States is often the simplest thing to - and is still economically feasible for most established companies - companies that are trying to break into the market often need a little cost-effectiveness edge to help them maximize their limited resources. However, the process has a few difficulties that need to be considered before outsourcing work. Read more about outsourcing for small business at The Business Finance Store Blog.
The Business Finance Store is a business financing and consulting firm that offers customized Business Financial Solutions. Seasoned professionals offer assistance in a variety of financial solutions to help small businesses succeed such as: Business Financial Solutions, Legal Solutions, and Accounting Solutions.
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The staff at The Business Finance Store understands that starting and growing a business is an exciting time. They keep it exciting by taking care of some of the most difficult aspects, by providing legal advice, helping with vital responsibilities like accounting & bookkeeping, and by obtaining business finance. They can quickly and easily guide entrepreneurs through many different complicated processes and put them on the path to success.
For 10 years The Business Finance Store has been helping startups and other small businesses legally structure their companies, find the right franchises, get the funding they need, and achieve the American Dream of owning their own successful business. Since expanding nationwide in 2007, they have helped thousands of companies and have funded over $60 Million in business credit lines, not including SBA loans. The Business Finance Store sees limitless potential in the current climate, and looks forward to many strong years of growth to come. Take some time to review their services, and give them a call.
For more information, or a free, no-obligation analysis of your business needs, visit The Business Finance Store website: http://www.businessfinancestore.com. A member of their professional staff will contact you to discuss your business' short and long-term goals. Whatever you need, The Business Finance Store is there.
Read the full story at http://www.prweb.com/releases/2012/5/prweb9521366.htm.
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'Airtel Money Market' Launched - Modern Ghana
To add value to its mobile commerce product, Airtel Ghana has launched an online store for the marketing and sale of goods.
The new online portal, ( www.airtelmoneymarket.com http://www.airtelmoneymarket.com/ ), will allow Ghanaians to use social interactions and contributions from trusted individuals to buy online goods.
It also enables merchants to have multiple outlets in addition to opening a virtual store and stocking it with goods for sale.
The product, which runs on Rancard's Rendezvous technology, will provide customers, who visit the portal with the opportunity to window shop as well as compare prices from different merchants from the comfort of their homes or offices.
Speaking at the ceremony in Accra, Philip Sowah, Managing Director of Airtel Ghana, said the addition of the online store to the company's mobile commence product is in line with the company's quest to introduce innovative products, which customers will find beneficial to their daily lives.
'The Airtel money market is just another addition to the many other packages we have added since the launch of Airtel Money,' he said.
Kola Sonola, Director for M-Commence at Airtel Ghana, explaining how Airtel money works, said the process involves purchasing through recommendations on a regular social commence website.
'When a user checks out of the virtual store after making all their purchases, they receive an SMS message asking for a confirmation of the order and payment of amount.
'Once the user selects send, the money is transferred to the retail vendor, and the user receives another text message with a purchase code.
He said the purchase code will then be used to pick their order from the merchant.
Managing Director of Rancard, Kofi Dadzie said the Airtel Money Market provides a burgeoning market that could be energized to create high demand in online shopping through social recommendations.
By Jamila Akweley Okertchiri
4 Dead Money Stocks to Sell Now - CNBC
Maneuvering this world as a long-term investor requires patience. On a weekly if not daily basis you’re bound to watch some bearish analyst note take one of your holdings down. Most of the time these reports address near-term pressure that generally has little to do with a company’s long-term story. That’s when you buy on the dips: When you have confidence that the forward-looking narrative remains intact.
There are times you must cut and run. A stock becomes dead money because the trajectory is mired with uncertainty or, worse yet, the company adheres to an unworkable long-term strategy.
In this article, I review four stocks that fit into one or both of those categories. If you own these stocks, take a long hard look at selling them. If you decide to hold on or buy more, check yourself. Are you staying the course on the basis of some irrational emotional force or do you objectively believe the future looks bright?
1. J.C. Penney
Jim Cramer got it 100 percent correct:
The most nauseating thing about this conference call? Evidence of Johnson’s hubris continued with the lack of any real humility about the dividend elimination, which is something older investors most definitely counted on. There was more touting of the changes he’s putting through — none of which look like they are working. He also said, “This is not a throwaway year. We expect to earn money this year — good money.”
Where did he get that from? Or how about that he says that the turn is 29 percent complete? Huh? That’s a pretty amazing and precise prediction given how wrong he’s already been.
Of course, Cramer was referring to former Apple [AAPL Loading... () 
] executive and current J.C. Penney [JCP Loading... () ] CEO Ron Johnson on his company’s Tuesday conference call.
This month I made similar comments. I had listened to Johnson’s presentation to investors and analysts.
At the event, the CEO told a funny little story about Steve Jobs asking him if he was crazy when Johnson went to his house to tell him he was leaving Apple. Johnson opened himself up to random cognitive testing when he made the curious and convoluted case that when he left Target [TGT Loading... () ], the company, like Apple today, was on the top of its game. Now, Johnson claims he is leaving another thriving company to join a laggard that, without question, he will magically turn around.
I think we’re seeing the Steve Jobs effect work in reverse. It’s well known that Jobs willed the people around him to do great things, to reach beyond their potential and accomplish the impossible. Johnson’s experience at Apple — made entirely possibly by Steve Jobs — has turned him into George W. Bush. The late great former governor of Texas, Ann Richards, once said of Bush: “He was born on third base and thought he hit a triple.”
2. RadioShack
Management at RadioShack [RSH Loading... () ] faces similar challenges as J.C. Penney.
In both cases, you have companies that need to completely transform entire industries. For as great as Johnson thinks he is, he no longer rides shotgun next to Steve Jobs. And you really cannot mention RadioShack in the same breath as Apple or Jobs.
Cramer said he was “appalled” when he toured a J.C. Penney recently. I would agree, except my experience there was so uninspiring I could not even muster that much emotion. It’s exactly how I feel when I walk into a RadioShack. These guys are as bad as President Barack Obama; they talk a lot about change, but, by the looks of things on the ground, all they can really do is ask us to keep on hoping.
3. Wendy’s
I was long Wendy’s and bailed last week. Looking at Thursday’s pop, I wish I had waited a few days to exit, but it’s all good. I had to sell, regardless of price. TheStreet Ratings downgraded Wendy’s to “hold” from “buy” Thursday, and for good reason.
While management at Wendy’s deserves more credit for how it’s framing the company’s pending turnaround, there’s too much uncertainty. Unlike Johnson, Wendy’s CEO Emil Brolick does not position himself as a world beater. He takes a measured approach, cautioning investors clearly that it will take several years to see meaningful results as Wendy’s continues to make tweaks.
Even so, I cannot sit around and wait as the company remodels only a dozen or so stores a year. Plus, it faces fierce competition on the low and high end of fast food. Wendy’s might turn things around, but better bets exist for your speculative money.
4. Sirius XM Radio
Sirius XM Radio [SIRI Loading... () ] was once a speculative stock. It even made a gaggle of penny stock guys quite wealthy, if you believe their tall tales. Now it’s little more than dead money.
Already firmly planted under $2, Sirius XM breached its 200-day moving average of $1.95 on Thursday morning. If it closes below that level, get ready for the second leg of the implosion.
Sirius XM shareholders need to stop rattling the wrong cages. Use their time wisely. Do not activate the emergency telephone tree and instruct the cult to comment on every bearish Sirius XM story that hits the wire. Direct that energy to an area where you might have a snowball’s chance in Midtown Manhattan of inciting actual change.
Implore Mel Karmazin to step down and hand the reins over to John Malone’s Liberty Media[SIRI Loading... () ]. At this point, Mel’s ego appears to be getting in the way of making the right decision.
The CEO, with major assists from Malone and Howard Stern, has done a fine job getting Sirius XM to where it is today. Wall Street realizes he is no longer the man for the job. With its stable of fine assets, Liberty understands that the future sits in a social, synergistic and cross-platform world. The longer this quagmire persists, the less of a chance Sirius XM has to prepare itself for a future Karmazin has no idea how to navigate.
—By Rocco Pendola, Contributor, TheStreet.com
Additional News: Sirius CEO Sells 17 Million More Shares: What’s Next?
Additional Views: No ‘Miraculous’ J.C. Penney Recovery Ahead: Analyst
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Disclosures:
TheStreet’s editorial policy prohibits staff editors, reporters, and analysts from holding positions in any individual stocks. Disclosure information was unavailable for Rocco Pendola.
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