Saturday, February 2, 2013

Dell nears buyout, deal could come as soon as Monday: sources

NEW YORK (Reuters) - Dell Inc is nearing an agreement to sell itself to a buyout consortium led by its founder and Chief Executive Michael Dell and private equity firm Silver Lake Partners, possibly announcing a deal as soon as Monday, according to two people familiar with the matter.

Michael Dell is expected to take majority ownership of the world's third-largest personal computer maker, which currently has a market value of $23 billion, while Silver Lake and Microsoft Corp would become minority investors, a third person familiar with the matter said.

The final price the group is expected to pay Dell shareholders could not be immediately learned. The deal would mark the largest leveraged buyout since the global financial crisis.

The transaction is set to be finalized over the weekend but the buyout consortium is working on last-minute details and the timetable could still slip, the people cautioned, asking not to be named because the matter is not public.

The investment group, which held negotiations with Dell's camp in New York on Thursday, has secured up to $15 billion of debt financing to take Dell private from four investment banks -- Barclays, Bank of America Merrill Lynch, Credit Suisse and RBC Capital, people familiar with the matter said.

Barclays is also advising Silver Lake on the transaction, along with Perella Weinberg Partners, said two of the people. JPMorgan Chase & Co is advising Dell.

Representatives for Dell, Microsoft and Barclays declined to comment. Silver Lake and Perella Weinberg could not be immediately reached for comment.

As part of the transaction, Michael Dell will contribute his existing stake of almost 16 percent in the company toward gaining majority ownership, sources close to the matter have said.

Going private would allow Dell, which has been trying to become a one-stop shop for corporate technology needs as the PC market shrinks, to conduct that difficult makeover away from public scrutiny.

Dell has formed a special committee of its independent directors and hired Evercore Partners Inc to assess whether the company is getting the best deal for shareholders and not one that is just in the best interest of Michael Dell, several people familiar with the matter have told Reuters previously.

(Additional reporting by Poornima Gupta in San Francisco and Bill Rigby in Seattle; Editing by Edwina Gibbs)

Source: http://news.yahoo.com/dell-nears-buyout-deal-could-come-soon-monday-064352012--sector.html

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Friday, February 1, 2013

Beckham joins PSG, donating salary to charity

FILE - In this Saturday, Dec. 1, 2012 file photo Los Angeles Galaxy's David Beckham, top center, of England, poses with his sons, from left, Brooklyn, Romeo and Cruz after the Galaxy's 3-1 win in the MLS Cup championship soccer match against the Houston Dynamo in Carson, Calif. David Beckham's eldest son just might be the next person in his family to play in the Premier League. Brooklyn Beckham, the oldest of Beckham's four children at 13, is having a trial with London club Chelsea and played in an under-14 game on Tuesday at the team's training base, people familiar with the situation told The Associated Press. (AP Photo/Jae C. Hong)

FILE - In this Saturday, Dec. 1, 2012 file photo Los Angeles Galaxy's David Beckham, top center, of England, poses with his sons, from left, Brooklyn, Romeo and Cruz after the Galaxy's 3-1 win in the MLS Cup championship soccer match against the Houston Dynamo in Carson, Calif. David Beckham's eldest son just might be the next person in his family to play in the Premier League. Brooklyn Beckham, the oldest of Beckham's four children at 13, is having a trial with London club Chelsea and played in an under-14 game on Tuesday at the team's training base, people familiar with the situation told The Associated Press. (AP Photo/Jae C. Hong)

FILE - In this Saturday, Dec. 1, 2012 file photo Los Angeles Galaxy's David Beckham, of England, acknowledges the fans as he leaves the field after the team's 3-1 win in the MLS Cup championship soccer match against the Houston Dynamo in Carson, Calif. According to reports Thursday Jan. 31, 2013, David Beckham is to join Paris Saint-Germain. (AP Photo/Jae C. Hong, File)

PARIS (AP) ? David Beckham has joined Paris Saint-Germain, and will be donating his salary to a children's charity.

The 37-year-old former England captain was presented at a news conference Thursday at the French club's Parc des Princes stadium. The club said he signed a five-month deal.

PSG President Nasser Al-Khelaifi says "we're very happy to welcome David Beckham to Paris Saint-Germain. He will be joining for five months until 30 June."

During that time, Beckham says his salary will go to a Paris children's charity.

PSG is the latest stop in Beckham's glamorous career, which has seen him win titles with Manchester United, Real Madrid and the Los Angeles Galaxy. Beckham ended his six-year stint in the U.S. last month.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-01-31-SOC-Beckham-PSG/id-1161888fb237407bbc956cb6cd51990a

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Chicago shooting victim Hadiya Pendleton starred in anti-gang video

By Tracy Connor, Staff Writer, NBC News

?

Four years before she became the innocent victim of what may have been a gang turf war, Hadiya Pendleton starred in an anti-gang public-service video.

She was a sixth grader at Carter G. Woodson Elementary School and delivered a message that would remain relevant until the moment she was cut down by a bullet in a Chicago park.

Courtesy the Pendleton family

Hadiya Pendleton and friends on her visit to Washington for President Obama's inauguration. She was shot in Chicago a week later.

"Hi, my name is Hadiya....this commercial is informational for you and your future children," she says in the video, which was first reported by DNAinfo.com.

"So many children out there are in gangs, and it's your your job to say no to gangs and yes to your future."

The other girl in the video pointed out that too many kids are killed by gang violence, by being in the wrong place at the wrong time.

Police say that appears to be exactly what happened to Pendleton, who was hanging out with volleyball teammates after school when a gunman opened fire on a group of teens. Only a week before, she had been part of a performance at President Obama's inauguration festivities.

Investigators believe the park Hadiya and her pals were in may have been at the center of a turf war, even though the kids were not affiliated with any gangs.

Pendleton's cousin, Shatira Wilks, said most of the family had never seen the video before it surfaced after her death.

"But it shows you about Hadiya's personality. She has always been a part of anything that represented good. She never liked being part of anything negative and that is why so many people loved her," Wilks said.

"This video is an affirmation, an acknowledgement of where she stood -- and the tragedy behind it is this is exactly how she died."

At a press conference on Thursday, Chicago Mayor Rahm Emanuel said the city saw "both and increase in gun violence and gang-related activities" in the past year.

?Before a flame becomes a fire.. put it out," he said in announcing new anti-crime measures.

?

Related:

Friend: Slain Chicago teen said, 'I think I got shot,' then 'she just fell'

Gunned down after 'the happiest day of her life'

After Hadiya's death, Chicago to put 200 more cops on the street

Source: http://usnews.nbcnews.com/_news/2013/01/31/16792373-chicago-shooting-victim-hadiya-pendleton-starred-in-anti-gang-video?lite

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1 dead in Arizona office shooting, suspect on loose

PHOENIX (AP) ? Police are hunting for an "armed and dangerous" 70-year-old man suspected in a Phoenix office complex shooting that left one person dead and two wounded.

Arthur Douglas Harmon allegedly opened fire at the end of a mediation session Wednesday morning at a three-story office complex in north-central Phoenix, police said.

One man ? identified by police as 48-year-old Steve Singer ? died hours after the shooting. They said a 43-year-old man was listed in critical condition and a 32-year-old woman suffered non-life threatening injuries.

"We believe the two men were the targets. It was not a random shooting," said Sgt. Tommy Thompson, a Phoenix police spokesman.

Thompson said the gunman arrived at the office building about 10:30 a.m. and got into a dispute with someone, a conflict that escalated to the point where the suspect drew a gun and shot three people.

Police believe Harmon acted alone and fled the scene in a car. Police said he had at least one gun and was considered "armed and dangerous."

Harmon also allegedly shot at someone who tried to follow him after the shooting in an attempt to get his license plate number, according to authorities.

Police didn't immediately release the names of the wounded. But a Phoenix law firm, Osborn Maledon, said one of its lawyers, Mark Hummels, was among the wounded. The firm said Hummels "was representing a client in a mediation" when he was shot.

According to court documents, Harmon was scheduled to go to a law office in the same building where the shooting took place for a settlement conference in a lawsuit he filed last April against Scottsdale-based Fusion Contact Centers LLC, where Singer was the CEO.

The company had hired him to refurbish office cubicles at two call centers in California, but a contract dispute arose.

Fusion said Harmon was paid nearly $30,000 under the $47,000 contract. But the company asked him to repay much of the money when it discovered that the cubicles could not be refurbished, according to the documents.

Harmon argued Fusion hung him out to dry by telling him to remove and store 206 "worthless" work stations after the mix-up was discovered. Harmon said Fusion then told him that the company decided to use a competitor.

Harmon's lawsuit had sought payment for the remainder of the contract, $20,000 in damages and reimbursement for storage fees and legal costs.

Hummels was representing Fusion in the lawsuit.

Pro tempore Judge Ira Schwartz, who scheduled the meeting, didn't immediately return an email seeking comment. A message left Wednesday at the home of Singer also wasn't returned.

As police searched for the shooter, SWAT teams and two armored vehicles surrounded a home about 7 miles north of the shooting scene. Police served a search warrant to enter the house, which county property records show was sold by Harmon to his son last year for $26,000.

For a time, officers used a megaphone to ask Harmon to surrender, believing he might be inside the home.

Lois Ellen, who has lived across the street from the Harmon home for about eight years, said she was startled to see all the police cars in the neighborhood.

She said she never met Arthur Harmon but had seen him walking a dog before.

Ellen said he wasn't very neighborly and the people in the Harmon home "keep to themselves."

The gunfire at the office complex prompted terrified workers to lock the doors to their offices and hide far from the windows. SWAT officers searched the building.

"Everyone was just scared, honestly, just scared," said Navika Sood, assistant director of nursing at First at Home Health Services who along with her co-workers locked the entrances to their office.

Sood said police evacuated the office about 30 minutes after she first heard the popping noises.

Vanessa Brogan, who works in sales support at an insurance business in the three-story complex, said she heard a loud bang that she thought at first was from somebody working in or near the building.

She said others at the business thought they heard multiple loud noises. She said people locked themselves in offices until authorities evacuated the complex that houses insurance, medical and law offices.

Becky Neher, who works for a title company in the building, said the two gunshots she heard sounded like two pieces of metal banging against each other.

Watching from her second-story office, she saw people leaving the building.

"Someone yelled, 'We have a shooter,'" she said. She saw two victims lying on the ground outside the back side of the building. She said health care workers who have offices in the complex came out to help.

Don Jaksa, a software consultant who works in the building, said he was listening to the radio when he suddenly heard "two pops." He said he didn't think they were gunshots.

"My co-worker goes to the range all the time," he said. "He identified it as gunfire."

The shooting took place on the same day that hearings on legislation to address gun violence were convened in Washington, with former Rep. Gabrielle Giffords testifying for stricter gun controls.

A gunman shot Giffords in the head during a shooting rampage in Tucson in January 2011.

_____

Associated Press writers Paul Davenport, Felicia Fonseca, Terry Tang and Walter Berry contributed to this report.

Source: http://news.yahoo.com/police-1-dead-ariz-shooting-suspect-loose-234833738.html

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Green Blog: A Cry of Frustration at Delhi's Sustainable Summit

NEW DELHI ? Once more, frustration with stymied efforts on climate change has emerged as a major theme at an international conference on the planet?s health. Opening the 13th annual Delhi Sustainable Development Summit conference this week, India?s prime minister noted that similar sentiments surfaced last year at the United Nations Rio+20 meeting, which marked the two-decade anniversary of a landmark Earth Summit in Rio de Janeiro.

Rio+20 was a ?poignant reminder that the ambitious goals that we had set for ourselves?? are ?far from being realized,??Prime Minister Manmohan Singh told the heads of state, government ministers and delegates gathered here on Wednesday.

In a panel discussion on the theme ??Defining the Future We Want,?? Jean Charest, a former premier of Quebec, suggested that states, cities and provinces are now addressing climate change in ways that many national leaders are not. Maybe heads of state and national legislatures can be ?embarrassed into action by other levels of government,? he said.

Quebec has led the way nationally in Canada by adopting tighter auto car emission standards, just as California has been a pathbreaker in the United States.

John Prescott, a former British deputy prime minister and member of Parliament, spoke angrily about the slow pace of change and the need for political will. ?We can?t continue talking at all these conferences!? he declared from the podium.

Mr. Prescott even sniped at last week?s World Economic Forum in Davos and its theme of ?resilient dynamism.? ??What the hell does that mean?? he asked. The most important global issue, he said, is at hand here in New Delhi ?This is the place where it really matters,?? he said.

With a rapidly growing population of 1.2 billion already stretching the country?s resources, sustainability is a pressing matter in India. Like other developing countries, it already bears much of the brunt of global climate change, including weather extremes like drought and severe flooding as well as severe pollution.

In Asia over all,some 650 million people in Asia lack access to clean fuel for cooking and heating and tend to rely on fires made from wood and dung, emitting soot that contributes significantly to global warming.

No country or region can address the risks posed by climate change wholly on its own, Prime Minister Singh told the conference delegates. The challenge ?can only be tackled through coordinated global action,?? he said. ?It is therefore crucial to look at sustainable development from a global rather than a purely national perspective.??

Source: http://green.blogs.nytimes.com/2013/02/01/a-cry-of-frustration-at-delhis-sustainable-summit/?partner=rss&emc=rss

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Prostate cancer risk soars with deep fried foods

The risk of eating a doughnut occasionally may seem negligible. However, a new study suggests a strong link between deep fried foods and the risk of prostate cancer. In fact, eating a doughnut or French fries as infrequently as once a week could not only increase prostate cancer risk, it could further increase risk for more aggressive forms of the disease.

deep fried foods and prostate cancer link

Deep fried danger

Previous studies have linked diets high in red meat with an increased risk of prostate cancer. Research has also shown that frying meat at high temperatures forms powerful carcinogens that may increase prostate cancer risk even more.

Researchers from the Public Health Sciences Division of the Fred Hutchinson Cancer Research Center in Seattle have found that deep-fried foods in general can be just as bad?and it doesn?t take much.

Hold the French fries

As reported online in the journal The Prostate, researchers analyzed data from studies involving about 1,500 healthy men and 1,500 men diagnosed with prostate cancer. All were within the ages of 35 to 74. Data about routine food intake was collected from dietary questionnaires.

After adjusting data for factors such as age, race, family history of prostate cancer, body-mass index and PSA (prostate specific antigen) blood screening history, they found that men who reported eating French fries, fried chicken, fried fish and/or doughnuts at least once a week were at an increased risk of prostate cancer. The increased risk ranged from 30 to 37 percent, compared to men who said they ate deep fried foods less than once a month.

Aggressive prostate cancer

According to experts, up half of prostate cancers progress slowly, remain contained in the prostate and are unlikely to become life threatening. However, more aggressive prostate cancers progress rapidly, spread to other organs and become fatal. The new data showed that weekly consumption of deep fried foods was also associated with a slightly greater risk of this more aggressive prostate cancer.

Deep fried carcinogens

When food is submerged in hot oil, the surface heats extremely rapidly, changing the form of the surface proteins to form a seal that keeps moisture inside. The food is crispy on the outside and cooked through to the center. According to the researchers, the quick change of the proteins on the surface could be the problem.

They suggested that when food is deep fried, the high temperature of the oil (up to 190?) forms carcinogens such as acrylamide in carbohydrate-rich foods such as French fries and doughnuts. Deep frying meat forms numerous carcinogens including heterocyclic amines, polycyclic aromatic hydrocarbons, aldehyde (a carcinogen found in perfume) and acrolein (a carcinogen found in herbicides).

All deep fried foods contain high levels of advanced glycation end products (AGEs), which are markers for inflammation and oxidative stress. In fact, a deep fried chicken breast contains nearly 10 times the amount of AGEs than a boiled chicken breast.

The authors added that because people rarely deep fry foods at home, the proliferation of fast food outlets could be a major contributor to prostate cancer risk in the U.S. overall.

KFC anyone?

Source: Fred Hutchinson Cancer Research Center, Reuters, AAK

Source: http://www.themedifastplan.com/main/prostate-cancer-risk-soars-with-deep-fried-foods/

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Digiweb launches 20Mbps satellite broadband service - Ireland's ...

Digiweb launches 20Mbps satellite broadband service

Digiweb launches 20Mbps satellite broadband service

Pictured: Declan Campbell, Digiweb

Digiweb has launched a new range of satellite broadband packages with download speeds of 20Mbps and upload speeds of 6Mbps.

The new packages will start at ?32.95 ex VAT and will be available from tomorrow, 1 February.

The packages will be based on Eutelsat?s Tooway satellite broadband system.

As part of its collaboration with Eutelsat, Digiweb is also introducing a true unlimited data service, called Tooway Absolute, a limited package that will only be available to the first 20,000 customers across Europe.

?This is excellent news for Ireland as so much of our country's growth is dependent on the digital economy and it is crucial that businesses and indeed homeowners, have access to high quality internet connectivity,? said Declan Campbell, head of operations at Digiweb.

?With download speeds of 20Mbps now available through Tooway, consumers will have the certainty of secure, always-on, high quality broadband,? Campbell said.

Source: http://www.siliconrepublic.com/comms/item/31283-digiweb-launches-20mbps-sat

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