Third-party group gives up seeking a presidential candidate

WASHINGTON –  A private organization established to run a third-party candidate in this year’s presidential elections has thrown in the towel, saying no one mustered sufficient support for such an effort.  Kahlil Byrd, chief executive officer of Americans Elect, stated in a statement that under the rules his group approved for an on-line primary, the process was ending Tuesday.  Third party presidential candidacies have rarely succeeded in U.S. politics, and Americans Elect had hoped to conduct the “Americans Elect Online ...

Submited at Tuesday, May 15th, 2012 at 1:00 pm by Gillan

US poised to take Iranian exile group off terrorism list

The Obama administration is posed to remove an Iranian opposition group from the United States’ list of terrorist groups, officials briefed on the speak told the Wall Street Journal, in a move sure to upset Tehran as nuclear speaks between the countries intensify. The exile organization, the Mujahedin-e Khalq, or MeK, was named a terrorist group 15 years ago for allegedly being involved in assassinating U.S. citizens before the 1979 Islamic revolution in Iran, but the group had pursued an ...

Submited at Tuesday, May 15th, 2012 at 3:00 am by Alina

Magic Johnson group to purchase Dodgers for $2B US

A group that includes former Lakers star Magic Johnson and longtime baseball executive Stan Kasten concurred Tuesday night to purchase the Los Angeles Dodgers from Frank McCourt for a record $2 billion US. The price would shatter the mark for a North American sports franchise, topping the $1.1 billion Stephen Ross paid for the NFL’s Miami Dolphins in 2009. Mark Walter, chief executive officer of the financial services firm Guggenheim Partners, would become the controlling owner. The deal, revealed about ...

Submited at Wednesday, March 28th, 2012 at 6:00 pm by Alina

Magazine Reports That Ducati May Join Volkswagen Group Portfolio

Ducati was considered a relative bargain when the private equity firm Investindustrial expanded its ownership stake in the motorcycle manufacturer in 2008. Last year, reports surfaced that the firm was shopping Ducati to major automakers, with Daimler, the BMW Group, Mahindra & Mahindra of India and Volkswagen all on the short list of interested parties. The British magazine Car, however, has reported that Volkswagen, namely its Audi division, prevailed on the equity firm to sell at a steep discount, with ...

Submited at Tuesday, March 13th, 2012 at 7:00 am by chuck

Where ‘L’ Stands for Large, Fiat Traditionalists Grant 500L Cautious Approval

POSITANO, Italy — The 500L nameplate is greatly admired by members of the Positano 500 Club, a small owners’ group here that seeks to preserve, protect and defend the classic Italian microcars of 1957-75. As such, they do not take it lightly when Fiat proposes to resurrect the “L” designation for a 2013 model being introduced Tuesday at the 2012 Geneva auto show. “I have a 1969 500L,” Davide Fusco stated proudly last week, during a demonstration of the car. ...

Submited at Tuesday, March 6th, 2012 at 7:00 am by jessica

Anonymous knocks CIA website offline

THE website of the Central Intelligence Agency was inaccessible this day after the hacker group Anonymous claimed to have knocked it offline. “CIA Tango down,” a member of Anonymous stated on @YourAnonNews, a Twitter feed used by the group. “Tango down” is an expression used by the US Special Forces when they have eliminated an enemy. Attempts to access the CIA website at cia.gov were unsuccessful. More than two hours after the initial attack on the site attempts by AFP ...

Submited at Saturday, February 11th, 2012 at 1:00 am by admin

Pope Benedict Denounces Christmas Attacks in Nigeria

Pope Benedict has condemned the Christmas day attacks at churches in Nigeria, calling them an absurd gesture. Militants of the radical Islamist sect Boko Haram have claimed responsibility for the bombs.  For the second consecutive year, the extremist group Boko Haram has staged Christmastime attacks at Christian houses of worship in Nigeria. The group claimed responsibility for three church bombings on Sunday, Christmas Day. Security forces in Nigeria also blamed the group for two other explosions in the north of ...

Submited at Monday, December 26th, 2011 at 4:00 pm by ethan

Dodge Dart: A Familiar Name Returns From an Unlikely Place

In January, the Chrysler Group will sneak an Alfa dressed like a Dodge into the Detroit auto show. Chrysler announced Tuesday that it would bring back the Dart nameplate for Dodge’s first compact sedan since the Neon was phased out in 2005. And judging by the Dart’s Italian pedigree, it will not be the plain vanilla scoop of the ’60s that its namesake was — even in Swinger guise — nor will it be a Hemi-powered limited-edition monster like the ...

Submited at Wednesday, December 7th, 2011 at 7:00 am by samantha

Liberty profit up; revenue slips

John Malone’s Liberty Starz Group stated its move to exit the theatrical motion photos biz boosted profit last quarter but meant revenue slipped slightly last quarter — offset by improved results at Starz Channels. Starz group revenue eased 2% to $389 million for the third quarter as the company cited fewer theatrical films released on homevideo, a dip in revenue from animation and no theatrical films released in 2011 after basically shuttering Overture Films. But the Starz Channels, led by ...

Submited at Wednesday, November 9th, 2011 at 12:00 am by samantha

AFM 2011: German Cloud Services Group Mediapeers Sets up in LA

The Berlin-based group, which offers paper- and tape-less digital solutions for the marketing, distribution and sale of entertainment content, is already a major on-line player in Europe and Asia. The company recently signed a deal with France Telekom that will see the French public broadcaster use the cloud services group for sales and distribution of its entire catalogue. Other prominent mediapeers partners include South Korean teleco giant SKT and German sales/distribution group Telepool.

Submited at Monday, November 7th, 2011 at 6:00 am by Alina