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GOING 2 SLEEP LATERS~~~~~~~~~
Morning bitches..
hi.
Whooops
New York - A computer programmer with Goldman Sachs is being held on bail Tuesday, accused of the stealing secret code which helps the Wall Street banking giant execute transactions, according to New York court papers.
Sergey Aleynikov, 38, who was arrested on July 3 at Newark Airport and is being held on a 750,000-dollar bail, denies the charge of data theft, according to his lawyer.
The Russian-born Aleynikov, who holds joint US/Russian nationalities, is accused of downloading the code - which helps Goldman Sachs execute security transactions at high speed - to a server in Germany.
If the software gets into the wrong hands, it could cost millions in lost profits, an analyst told Bloomberg financial news service.
'Currently, we do not know who has had access to it,' the analyst added.
Goldman Sachs has not yet commented on the case.
http://www.monstersandcritics.com/ne...xzz0Ka1WfyOF&D
umm. hello? Anyone..
About fucking time.
U.S. regulators say they may clamp down on oil and gas price speculators by limiting the holdings of energy futures traders, including index and exchange-traded funds. The Commodity Futures Trading Commission will hold hearings to explore the need for government-imposed restrictions on speculative trading in oil, gas and other energy markets, Chairman Gary Gensler said today in a statement. The agency didn’t say when the hearings would start or who would be asked to speak.
Senator Bernie Sanders, a Vermont independent, and Representative Bart Stupak, a Michigan Democrat, have called for action to avoid a repeat of last year’s run-up in crude oil prices to a record $147.21 a barrel, which they blame on speculators. Oil has climbed 44 percent this year in New York Mercantile Exchange trading, even amid a drop in demand and high levels of fuel in storage.
uly 7 (Bloomberg) -- Michael Jackson would have moonwalked his way out of some of his millions of dollars of debt next week with the first of 50 sold-out concerts at London’s 02 Arena.
Although the shows starting July 13 won’t go on after the self-proclaimed “King of Pop” died of cardiac arrest last month, the $50 million that Billboard magazine estimates Jackson would have made from them illustrates how critical the live music market has become for top artists. From Madonna to U2, artists earn tens of millions of dollars from performing live.
With record sales plunging 30 percent in the past decade and illegal downloads accounting for almost all the music listened to online, live performance has become the industry’s most lucrative and fastest-growing segment. Fans are paying twice the price for tickets to top concerts from a decade ago, so artists who once performed at live shows to promote record sales are now churning out albums to boost tour attendance.
“A record now is just a ticket to ride,” Steven Van Zandt, guitarist and founding member of Bruce Springsteen and the E Street Band, said in an interview in Cannes, France. Live shows get “you licenses, movie scenes, TV shows, ad revenue. Bands can sell live shows much more than records.”
OMG the drama.. hahaha it never ends..
hi wow dead here today.
Uh oh..
Dow 8,244.69 -80.18 (-0.96%)
S&P 500 891.00 -7.72 (-0.86%)
Nasdaq 1,769.89 -17.51 (-0.98%)
10y bond 3.50% -0.03 (-0.85%)
Seat maker Lear files for bankruptcy
BY JEWEL GOPWANI • FREE PRESS BUSINESS WRITER • July 7, 2009
Updated at 7:49 a.m.
Southfield-based seat maker Lear Corp. said it filed for bankruptcy early this morning after winning support for its reorganization plan from more of its lenders and bondholders.
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In a securities filing made Monday, the supplier -- which said Wednesday that it plans to file for bankruptcy -- revealed plans for its bankruptcy reorganization.
Lenders and bondholders that have already signed on to the deal include Carlyle High Yield Partners, Deutsche Bank AG, Merrill Lynch and Icahn Partners LP.
Lear's plans include cutting its debt by 70%, from $3.6 billion down to about $1.1 billion -- not including new preferred and common stock issued when the company emerges from bankruptcy.
Existing shares, which trade over the counter and were delisted from the New York Stock Exchange on Thursday, will be wiped out.
Lear told lenders that it expects revenue to fall 33% to $9.1 billion, in 2009, but to increase to $11.4 billion in 2010, according to the filing.
Lear, in its filing, said it plans to maintain its pension and health care benefits.
Lear, which expects to emerge with a nine-member board of directors, has established two management incentive plans.
One would give up to 200 employees as much as 10% of the company's new common stock.
The other plan would award 29 of Lear's top executives cash bonuses. Lear did not disclose the potential value of those bonuses.
But the company indicated in the filing that the size of those bonuses would depend upon the company reaching certain thresholds, such as emerging from bankruptcy within 300 days.
Whats goin on everyone.
wasssss up?
Not much man. Just trying to make it through work ugh
I feel ya.. gonna be a Loooooooooooooooooong week.. only good thing is the weather is getting nicer and I'm golfing tonight so that's something to look forward to.. I get to try out my new putter on the course!!
And then I'm heading to Hilton Head this weekend so that should be fun as well.
BORED
Going to go see JM and catch him up on everything??Quote:
Originally Posted by mmmmpsi
i think brock is keeping him up to date
bump.