Posts Tagged ‘New York’


Atrinsic, Inc. Announces 1-for-4 Reverse Stock Split

NEW YORK–(BUSINESS WIRE)–Atrinsic, Inc. (NASDAQ: ATRN), a marketer of direct to consumer subscription products and an Internet search-marketing agency, announced today that it will effect a 1-for-4 reverse stock split of its common stock, effective at the end of business today. Trading of Atrinsic’s common stock on the Nasdaq Global Market on a split-adjusted basis will begin at the open of trading on December 3, 2010. On December 1, 2010, Atrinsic’s stockholders approved an amendment to its R

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Art Basel Miami Beach Kicks Off With VIP Showings, Neon Concerts

Ayinde O. Chase – AHN News Editor

Miami Beach, FL, United States (AHN) – South Beach is once again ground zero for art lovers, collectors and those who enjoy the parties that surround them. The ninth annual Art Basel Miami Beach kicked off on Wednesday to VIPs and opened to the public on Thursday.

The annual art party which showcases works from over 250 galleries around the world is a way for deals and discoveries to be made. The art of wheeling and dealing amidst the lights, murmuring and at times surreal parties is not for the faint at heart and better handled by those who have traversed the world of Brooks Brothers Suits, boat shoes, hipster jeans, and avant-garde hair and makeup before.

Yes, Art Basel has begun.

Wednesday’s balmy South Florida weather seemed to have been lost on many of the visitors who made the trek across the Atlantic from Europe or who hopped on a two and a half hour flight from New York. However those use to taking redeyes from either end of the this nation’s Golden State or are use to wearing flip flips annually in Miami-Dade county seemed to fit the most on the sand and shores of this billion dollar explosion on the Miami social calendar and economic register.

The Miami Beach Convention Center which is the epicenter of the three daylong event looked like it was still hosting the car show which was in town a few weeks ago. The normally empty parking lot was overflowing with Bentleys, BMWs, Rolls Royce, Porsche, Aston Martins, Maseratis, Mercedes, Jaguar, Land Rover and all other makes and models of high end luxury asphalt riding people movers.

However, inside the Convention Center works of art featured at the trade show easily cost more than the cars outside the facility’s walls. The art hung or stood waiting to be gazed upon, fawned over, analyzed, scrutinized and ultimately bought.

However, if that many zeros is out of your price range or you revel in being the first of your friends to scoop up some young, new, hot thing…umm artist work, that is. Then the NADA (New Art Dealers Alliance) fair further north on the beach held at the Deauville Beach Resort is probably more your speed. It is targeted for younger dealers showing plenty of work priced under $10,000.

Some items were bought however total day sales figures still remain hush-hush as it was just a select crowd able to tour the spaces. But what many people who woke up in Miami and those who are landing in the Magic City today know, Wednesday night was the kickoff party night.

Despite the private showings on Wednesday many workers and artists simply wrote the day off as time to set up their space, get settled and meet up with friends from across the globe at parties and fancy dinners all over the beach…while networking of course. After all the name of the game is to see and be seen while promoting the work.

Aside, from the celebs and artists who sparkled with their usual glitterati. Flashing lights and pulsing sounds could be seen, felt and commanded your attention.

Most of the major hotels on Collins Ave., had performances by bands. However, the one on most people’s lips was Metric’s performance at Collins Park on the northeastern end of South Beach.

Attendees to the FREE beach concert (on the actual sand not barrier island of Miami Beach) were first greeted by elaborate aerial structures of assembled neon lighted cords soaring into the sky. The displays at the 2010 Oceanfront Nights program organized by Creative Time were designed by Phu Hoang Office and Rachely Rotem Studio. The cords which decorate the pavilion are reflective and phosphorescent rope which gives the visitor an interactive open-air environment art space that they can be literally inside of.

Metric, the Toronto-based electro new wave group’s concert was highly fitting for the visual spectacle that attendees passed through before meeting the stage and was an excellent way for those who didn’t know about the exhibit to tell others.

Upon further investigation I learned that the Oceanfront Nights program features four cities that many in the art world credit with being at the forefront of artistic experimentation and cross-disciplinary collaboration. The nightly extravaganza will feature four different cities: Detroit, Mexico City, Berlin, and Glasgow.

Each night will spotlight one city with film, music, video and performance all while being enveloped on Miami Beach’s sand and feet away from its surf.

Miami’s uniqueness and proximity to Latin America makes it an ideal choice to have this yearly Mecca for art lovers. Its own distinct American pulse and proximity to the Latin culture give it the credence to have works of Picasso, Twombly, Murakami next to emerging artists from around the globe.

But Basel’s days of looking at art, talking about art, haggling over prices for art, going to art sponsored parties…aren’t just for the superficial or the moneyed. Art really is for everyone.

There is something unmistakable about Art Basel, whether you have money or you don’t, whether you’re in a show or not, people who talk about Art Basel always agree on one thing…they enjoy it.

Last night there was an almost auditory buzz of excitement in the air and people had the look of anticipation fully realized. December in Miami was here, Art Basel is here, let’s party and go look at some art.

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Details revealed: How FBI snared bomb plot suspect

WASHINGTON (AP) — Mohamed Mohamud appeared to have discovered an unusually compassionate pair of terrorists.

They told him he didn’t have to kill to be a good Muslim. He could just pray. A bomb was a very serious matter, they said. Kids might be killed. Time and again, they offered a way out.

At a hotel in downtown Portland, in July, the two undercover FBI agents listened as Mohamud explained his dream of detonating a car bomb during the city’s Christmas celebration. They offered to help, if Mohamud was sure he wanted to go through with it.

“You always have a choice,” one of the agents said, according to court documents. “You understand? With us, you always have a choice.”

It was not an offhand remark. It was part of a carefully scripted routine the FBI has been perfecting since the September 2001 terrorist attacks. Sting operations, choreographed by FBI and Justice Department officials in Washington, have included plots against Dallas skyscrapers, Washington subways, a Chicago nightclub and New York’s John F. Kennedy International Airport.

The plots have all been fictional. The intent, the FBI says, has been real. And the government has a string of convictions to back that up, a track record that has made undercover stings one of the government’s go-to strategies in terrorism cases.

But the tactic is not without its critics. Each arrest has been followed by allegations of entrapment and claims that the government is enticing Muslims to become terrorists, selling them phony explosives, then arresting them.

As Mohamud appeared in court on a terrorism charge Monday, friends accused the FBI of luring him into a plot the government had concocted.

More: Mohamud pleads not guilty

“If you talk with someone enough, they’ll be convinced they need to do something,” said 20-year-old Muhahid El-Naser. He was among a small number of people gathered outside a federal court building about a five-block walk from what the government alleges was the target of the bomb plot last week, Pioneer Courthouse Square.

No terrorism case since 9/11 has been thrown out because of entrapment. Just last month, the tactic passed its latest test when a New York jury convicted four men of trying to blow up synagogues. Jurors rejected the argument that the FBI enticed the men into a plot they never would have come up with otherwise.

“When the government supplies a fake bomb and then thwarts the plot, this is insanity. This is grandstanding,” Susanne Brody, one of the defense attorneys in that case, said Monday when asked about the FBI’s use of undercover stings.

Brody said the tactic requires extraordinary amounts of time and money and can ensnare hapless people, not hardened terrorists.

“The people they repeatedly come up with continue to be people who have no ability to do something on their own,” said Samuel Braverman, another defense attorney in the New York case who said he’s skeptical of a strategy that amounts to “picking off the dumbest we have to offer.”

In the Oregon case, even the government’s own documents paint Mohamud as something of a piddling terrorist: He tried to connect with a jihadist in Pakistan, but kept mistyping the e-mail address. He claimed that, because he had been a rapper, he could get an AK-47 machine gun.

And while his online writing suggested exercise routines for would-be terrorists — jump rope, run in the sand, jog before dawn so you’re not afraid of the dark — he confided to undercover FBI agents that he didn’t know how to be a terrorist and needed training.

Counterterrorism officials don’t buy the argument that a wannabe terrorist is less of a concern. They say the only difference between someone like Mohamud and someone like Faisal Shahzad, who admitted trying to set off a bomb in Times Square this spring, is that the FBI got to Mohamud before he could be trained to pull off an actual attack.

After all, Mohamud also made it clear he wanted to carry out an attack and rejected every opportunity to change his mind, officials said.

“He was told that children — children — were potentially going to be harmed,” Attorney General Eric Holder said Monday, rejecting the notion that FBI agents entrapped Mohamud.

In Oregon, the FBI went so far as to load a van full of phony explosives and let Mohamud try to activate them during the Christmas tree lighting celebration, according to court documents.

That tactic, along with the repeated offers to let Mohamud walk away, reflect how far the FBI’s role-playing has come since an early, high-profile sting operation in Miami nearly fell apart.

When federal authorities unveiled that case in 2006, they said seven men from Miami’s impoverished Liberty City neighborhood had planned to destroy the Sears Tower in Chicago. But the plot never got past the discussion stage and the group never had the means to carry out the attack.

The case suffered two mistrials and two men were acquitted before prosecutors finally won the case and five men were sent to prison last year.

Today, authorities are more likely to carry their ruses further, give suspects more opportunities to clearly state their intentions for FBI microphones and even let them light a fuse to a fake bomb.

“Particularly in light of cases like Liberty City, everybody at Justice and the FBI is predisposed to taking it as far as they can,” said Patrick Rowan, the Justice Department’s former top counterterrorism official.

Jeffrey H. Sloman, a former federal prosecutor in Miami who supervised the Liberty City case, said people caught up in stings tend to be people who have the desire to kill but are still looking for ways to pull it off. He acknowledged that leaves prosecutors open to claims that such cases are just boasts and bluster.

“It’s ripe for criticism, second-guessing and Monday-morning quarterbacking, but when you’re talking about people who express a desire to murder and maim large numbers of people,” he said, “you have to explore that.”

Complete coverage: Portland terror plot

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Protest Fizzles for Opting Out of Airport Security Checks

Tom Ramstack – AHN News Correspondent

Washington, D.C., United States (AHN) – The protest that was supposed to tie up check-in lines at airports nationwide Wednesday fizzled into a few minor cases of grumbling while most passengers moved smoothly toward their flights.

Some travelers upset over the Transportation Security Administration’s aggressive new screening tactics tried to organize a National Opt-Out Day for Thanksgiving eve.

Through a series of Internet postings, they encouraged travelers to choose pat-down searches at airport security checkpoints instead of walking through body scanning machines that make people appear nearly nude on a video screen.

The TSA operates 385 of the scanners at 68 airports.

Pat-down searches, in which TSA security agents rub their hands along people’s bodies, take longer.

The protesters hoped a large number of travelers suddenly choosing pat-down searches would overwhelm TSA security agents, slowing check-in times and disrupting flight schedules on what is commonly the biggest travel day of the year.

“I hope to see deserted airports,” James Babb, a co-founder of the protest group “We Won’t Fly,” wrote on his Web site. “But if you want to do it, I say, have some fun with it. Be creative. Wear the kilt. Leave your phone on record. You could be the next YouTube star.”

The group says the TSA screening techniques create an invasion of privacy.

Instead of being overwhelmed by protesters, TSA officials reported little evidence of slowdowns at major airports.

Most of the protests consisted of a few travelers wearing T-shirts mocking the screening procedures or isolated incidents, such as a Utah man who wore a Speedo swimsuit as he passed through airport security and a woman in Los Angeles who showed up in a bikini.

John Pistole, the head of the safety administration, said on ABC television’s “Good Morning America” program that the TSA was prepared to handle the estimated 1.6 million air travelers on Wednesday.

Pistole, along with Homeland Security secretary Janet Napolitano and New York Mayor Michael Bloomberg, urged flyers to avoid participating in the National Opt-Out Day protest.

“I just feel bad for the traveling public that’s just trying to get home for the holidays,” Pistole said about possible delays from a protest.

He said the TSA was trying to develop less intrusive screening techniques but would keep the body scanners and pat-downs for now.

At Ronald Reagan National Airport in Washington, airport officials estimated 70,000 travelers would pass through the security checkpoints Wednesday.

By mid-afternoon, the only obvious sign of protest came from a group that distributed fliers at the airport protesting the new security procedures.

Passengers at airports in New York, Los Angeles and elsewhere also reported few disruptions.

The security checks appear to be having little impact on the number of Thanksgiving holiday travelers, according to the AAA, formerly the American Automobile Association.

More people are traveling this year than last year as the economic recession eases, AAA officials said.

About 42 million Americans are expected to travel during the holiday, most of them by automobile.

The increasing number of travelers this year pales in comparison with the record year of 2005, when about 58.6 million left home for Thanksgiving, the AAA reported.

Some of the biggest increases are expected on Amtrak, which has been reporting a record number of riders for most of this year.

About 686,000 travelers used Amtrak during last year’s Thanksgiving holiday.

Amtrak reported that tickets for nearly all of its trains were sold out by early this week.

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Commodities Prices Fall On Chinese Interest Rates Fears

Linda Young – AHN News Writer

New York, NY, United States (AHN) – Commodities prices for precious metals, oil and agricultural raw materials took the hardest fall in 18 months on news that China might take steps to avert inflation. Prices of commodities futures fell by up to 3.8 percent on news that China’s central bank might increase interest rates. The step is to prevent further inflation there after consumer prices rose by 4.4 percent in October.

Precious metals had been at near record highs before plunging. Gold dropped 2.7 percent to $1,365.50 an ounce on Friday while silver plunged 5.3 percent to $25.94 an ounce and copper fell 2.8 percent to $3.91 an ounce.

Refined sugar in London dove down by a record 12 percent while corn and soybeans on the Chicago market plunged by the exchange limit.

Oil prices also took a dip. Prices for crude oil for December delivery fell 3.4 percent to $84.81 a barrel at midday on the New York Mercantile Exchange while futures in New York dropped by as much as $3.29 on Friday.

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Report: Mets Clubhouse Manager Made Bets, Misused Team Funds

Corine Gatti – AHN Sports Contributor

Queens, NY, United States (AHN) – Long-time New York Mets clubhouse manager Charlie Samuels was caught on wiretaps placing bets through a sports gambling ring, law enforcement officials indicated in published reports. He was suspended by the club indefinitely without pay October 27.

Samuels, 57, was suspended by New York last week during an investigation into a mob-linked gambling ring spearheaded by the Queens District Attorney’s office and the NYPD’s Organized Crime and Control Bureau, the Daily News reported on its website Friday.

The Mets’ travel secretary allegedly told Major League Baseball officials he bet on baseball and other sporting events.

But other sources said authorities taped Samuels making bets on college and pro football games on his personal phone lines and he did not bet on baseball games.

A report also said he used Mets accounts and skimmed money from hotel rooms he ordered for players to pay off gambling debts.

He is also accused of selling team merchandise like autographed bats, balls jerseys without permission from the organization.

The investigation kicked off in 2005 when head groundskeeper Dominic Valila was charged among 36 others in a gambling ring with connections to the Bonanno crime family.

He was charged with taking bets on Mets games.

Authorities started investigating this season after the clubs’ online store needed more player jerseys. When they asked Samuel for some, he said he did not have any despite ordering hundreds of products, including baseballs and bats.

Investigators started following the trail Samuel left when he was operating the Mets’ accounts, the report said.

A source told the Daily News that Samuels was a “spider who sat in the middle of a money web and a man who earned about $80,000 a year, but his tax returns showed him making $600,000 to $700,000.”

Mets spokesman Jay Horwitz would not comment about the investigation.

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Cable Subscribers Fleeing Providers In Massive Numbers

Ayinde O. Chase – AHN News Editor

New York, NY, United States (AHN) – There is increasing evidence that people are doing away with paying for cable. Providers are hemorrhaging subscribers by the droves. Consumers’ willingness to go without pay television could be a sign that Internet TV services such as Netflix and Hulu convinced people to cancel cable.

Last week Comcast revealed it had lost 275,000 and no. 2 cable provider Time Warner Cable revealed it lost 155,000 subscribers during the third quarter. Charter Communications has also announced it lost 63,800 basic cable subscribers during the third quarter too.

Combined, that is more than 500,000 people opting out of their cable service. The third largest cable provider, privately held Cox Communications, doesn’t publicly announce specific subscriber data.

That figure also doesn’t take into account smaller, non-public local and regional cable providers.

Many in the industry blame the “cord-cutting” numbers on the weak economy and growing competition from online sources and video providers.

Cable companies have somewhat embraced the shift to the Internet by encouraging their subscribers to stream online content and staving off a complete shift by offering a growing selection of on-demand services.

Analysts note that in past tough times, cable providers responded by raising prices for remaining customers. When former cable subscribers are asked why they left, the general response is because of high prices.

According to Internet providers and traffic managers, Netflix Inc.’s streaming service has risen in popularity to such a degree that it is now the largest source of U.S. Internet traffic during peak evening hours.

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Drug Related Shooting Injures Son Of University Veep

Ayinde O. Chase – AHN News Editor

New York, NY, United States (AHN) – The son of a New York University vice president was shot and wounded during a drug related shooting in his ritzy Bleecker Street apartment.

Alex Bongard, 24, and Luke Hinde, 31, were reportedly selling marijuana from Bongard’s third-floor apartment about 11:30 p.m. Monday when two men posing as customers showed up at the residence. The men, wearing ski masks, stormed inside the apartment after the dealers opened the door, according to police.

Bongard, who was shot in the chest, and Hinde, who was shot in the stomach, were wounded by the intruders but are expected to survive. On Wednesday both victims in Monday’s shooting were listed in stable condition at Bellevue hospital.

A woman who was also in the apartment at the time escaped injury.

The intruders stole a cash and the woman’s purse and fled the apartment.

When police arrived they found a cache of marijuana.

Bongard’s mother, Debra LaMorte, is the senior vice president of development and alumni affairs at NYU. In 2004 she helped launch a high profile fundraising effort for the university that ultimately yielded $3.1 billion.

Last month a similar incident occurred when a 21-year-old Pace University student was shot dead while selling pot from his downtown Manhattan luxury apartment.

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Three NYC Teachers Fired for Facebook Flirting With Students

Ayinde O. Chase – AHN News Editor

New York, NY, United States (AHN) – Three New York City teachers have been fired for improper conduct with students on Facebook.

In addition to “friending” too many students and posting inappropriate comments, one teacher’s Facebook friendship with a former student led to a sexual relationship.

Chadwin Reynolds, Laurie Hirsch and Stephen D’Andrilli apparently “liked” too many students and have now prompted a teachable moment.

Reynolds, 37, wrote “This is sexy,” under some of the girl’s Facebook photos. Reynolds, a former Fordham High School for the Arts teacher, even allegedly tried to get a teen to go on a date with him. He got her phone number and sent her gifts including flowers, candy and a teddy bear.

Hirsch, 30, a former paraprofessional at Bryant High School in Long Island City, Queens, was let go in May when her Facebook dealings with a student became known. She posted a picture of her kissing the male student, which prompted an investigation. The boy told authorities that he and Hirsch had sex in her apartment 10 times. Hirsch said nothing occurred until after the student left the school.

“I was suspended indefinitely” for using a cell phone too frequently during school time, she said in a New York Post report. “And it didn’t seem in any way, shape or form that I was getting my job back” when the relationship with the boy took off.

D’Andrilli’s interactions were a bit more creepy. The former Manhattan substitute teacher “friended” numerous female students at Essex Street Academy. School investigators say he even tried to visit one female student during her Saturday classes and told another girl that her “boyfriend [did not] deserve a beautiful girl like you.”

Currently there is no school board policy that addresses teacher-student communication on Facebook

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Stocks Up As Citigroup Q3 Earnings, Homebuilders’ Confidence Rise

Windsor Genova – AHN News News Writer

New York, NY, United States (AHN) – Improved homebuilders’ confidence in October and Citigroup’s $2.2 billion third quarter profit drove stocks up on Monday.

The Dow Jones Industrial Average increased 81 points or 0.7 percent to close at 11,144. Bank of America was the top gainer.

The Standard & Poor’s 500 Index rose 8.52 points or 0.7 percent at 1,185. The Nasdaq Composite Index gained 12 points or 0.5 percent to 2,481.

Meanwhile, gold for December delivery was up 10 cents to settle at $1,372 an ounce.

Crude oil for November delivery rose $1.59 to settle at $83 per barrel.

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