Facebook investors to cash out more shares

Posted on May 18th, 2012

FILE – This Feb. 8, 2012 file photo shows a Facebook worker smiling inside Facebook headquarters in Menlo Park, Calif. Facebook says 25 percent more shares will be sold as investors clamor for a piece of the year’s hottest stock offering. Facebook said in a regulatory filing Wednesday, May 16, 2012 that about 421 million shares will be sold, up from 337 million under its earlier plans. The news comes a day after Facebook raised the expected price range for the stock to a range of $34 to $38 per share, up from $28 to $35. (AP Photo/Paul Sakuma, File)

FILE – This Feb. 8, 2012 file photo shows a Facebook worker smiling inside Facebook headquarters in Menlo Park, Calif. Facebook says 25 percent more shares will be sold as investors clamor for a piece of the year’s hottest stock offering. Facebook said in a regulatory filing Wednesday, May 16, 2012 that about 421 million shares will be sold, up from 337 million under its earlier plans. The news comes a day after Facebook raised the expected price range for the stock to a range of $34 to $38 per share, up from $28 to $35. (AP Photo/Paul Sakuma, File)

NEW YORK (AP) ? Insiders and early Facebook investors will be unloading more of their shares in the initial public offering, the company said Wednesday, as they take advantage of investor demand.

Facebook said in a regulatory filing that 84 million shares, worth up to $3.2 billion, will be added to the offering.

The entire increase comes from insiders and early investors, so the company won’t benefit from the additional sales.

The biggest increases come from investment firms DST Global and Tiger Global. Goldman Sachs is doubling the number of shares it is selling. Facebook board members Peter Thiel and James Breyer are also selling more shares.

Founder Mark Zuckerberg isn’t increasing the number of shares he’s selling.

The news comes a day after Facebook raised the expected price range for the stock to a range of $34 to $38 per share, up from its previous range of $28 to $35. Also Tuesday, major advertiser General Motors Co. said it would stop advertising on Facebook.

At the high end of the price range, the IPO would raise $16 billion without the overallotment option reserved to meet extra demand. That would make it the third-largest U.S. IPO in history, ahead of General Motors in 2010, according to Renaissance Capital.

The IPO is the most hotly anticipated in years and would value Facebook overall at more than $100 billion.

In a filing with the Securities and Exchange Commission, Facebook said current shareholders are now offering approximately 241 million shares, up from about 157 million shares previously.

Even though Zuckerberg isn’t increasing the number of shares he is selling, the additional sales will trim his voting control to 55.8 percent from 57.3 percent. That’s because he has voting control over some shares now owned by investment firms, which will be sold in the offering.

Facebook has more than 900 million users who log in at least once a month, but it makes only a few dollars per year from each one, chiefly through advertising. Advertisers have been complaining that it’s difficult to make good use of Facebook.

GM did not say why it would stop advertising on Facebook. The Wall Street Journal reported, citing people it did not identify, that it was because GM had concluded that the ads were ineffective.

GM spokesman Greg Martin said the company will keep paid content on pages that promote its products. Meanwhile, GM competitor Ford reaffirmed its commitment to Facebook, saying its relationship was stronger than ever.

Morgan Stanley leads the team of 33 underwriters selected for the Facebook offering, followed by JPMorgan Chase and Goldman Sachs.

The offering is expected to get a final price Thursday evening. Shares would start trading on the Nasdaq on Friday under the “FB” ticker symbol.

Associated Press

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Should Mississippi Consider DUI Per Se Laws for Drugged Driving …

Posted on May 18th, 2012

Mississippi drivers generally understand the dangers posed by drivers that are under the influence of alcohol.? Any driver whose driving abilities are actually impaired by alcohol may be convicted of DUI. However, every state has eased the burden on law enforcement and prosecutors of proving DUI cases by passing ?DUI per se? laws that permit anyone with a blood alcohol concentration (BAC) of .08 percent or more to be convicted of DUI without needing to establish actual impaired driving ability.? Per se DUI laws do not apply to DUI cases involving marijuana and other drugs, but some advocate creating similar DUI per se laws for marijuana.

Marijuana is now legal to treat certain medical conditions in 16 states, and medical marijuana legislation is currently pending in 12 more states.? Colorado is currently considering legislation that designates a BAC for THC? (the active ingredient in marijuana) above 5 nanograms as ?DUI per se.?? The objective of DUI per se laws for marijuana is to keep marijuana impaired drivers off the roads and prevent car accidents.? While Colorado is a state where medical marijuana is legal, this issue also is relevant in Mississippi though there is no medical marijuana law nor proposed legislation.? If marijuana impairs driving ability, then laws that make it easier to convict drivers of being impaired by marijuana may prevent Mississippi car accidents that result in serious injury and wrongful death.

Currently, the prosecution of a driver who tests positive for cannabis is more complex than DUI cases involving alcohol.? These cases involve establishing through testimony or other evidence (e.g. a car accident) that the driver actually displayed erratic driving indicating impaired driving ability.? Many times there will not be sufficient evidence to prove actual impairment of one?s physical or mental skills relevant to driving.? Sometimes expert witnesses are used to testify regarding what the impact of a certain amount of marijuana would have been on driving ability.? The bottom line is that DUI cases involving marijuana use are more difficult to prove and costly to prosecute than DUI per se cases involving alcohol.

Per se laws for marijuana would create an additional tool for law enforcement and prosecutors to discourage driving while under the influence of alcohol.? However, there are a number of issues raised by opponents of this approach to preventing car accidents caused by marijuana use.? The metabolites of marijuana can remain in one?s system for days and even weeks so it can be difficult to determine whether someone actually ingested alcohol prior to climbing behind the wheel.? Critics of marijuana DUI per se laws also point to studies that marijuana does not have the same impact on driving ability as alcohol.

The experienced car accident attorneys at Barrett Law are committed to aggressive measures to prevent Mississippi car accidents that cause painful debilitating injuries and wrongful death.? Per se laws for marijuana may deter some marijuana users from driving which will save lives.? If you or someone you love has been injured or a loved one has been killed by a drunk driver or an drug impaired driver, our experienced Mississippi DUI attorneys aggressively fight to hold impaired drivers accountable for the injuries and loss of life that they cause.? At Barrett Law, our experienced Mississippi personal injury lawyers represent injury victims throughout Mississippi.? Our law firm has roots that reach back 75 years so contact us today for your free initial consultation at (662) 834-2376 to see how we can help.

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This entry was posted on Wednesday, May 16th, 2012 at 2:28 pm and is filed under DUI Accident Lawsuits. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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For anxiety relief take meditation | Bodybuilding, Supplements, Diets …

Posted on May 18th, 2012


Given today?s fast-paced and hectic lives, there has been an increase in the number of people suffering from anxiety and stress-related conditions. A stressful life will have a negative effect on the body and mind, and it therefore needs to be corrected, because long long-term stress can cause serious illnesses and complications.

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One way to successfully fight stress is to activate the body?s natural relaxation response to it.

If you think you may have an anxiety disorder, make sure to consult a doctor so that he/she can recommend the best course of treatment for you.

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Relaxation Techniques

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Relaxation techniques have been known to aid people to deal with different kinds of stress that lead to anxiety. Johns Hopkins Medicine recommends meditation for anxiety and linked relaxation techniques like progressive muscle relaxation and visualization may help to relieve anxiety and depression symptoms.

Meditation is believed to help calm the sympathetic nervous system?s activity. It is also said to regulate heart rate, maintain blood pressure, normalize respiration rate, and ease muscle tension. Relaxation techniques should be used only after consulting your physician, psychologist or psychiatrist, who may also recommend some medication along with exercise and meditation.

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Meditation Techniques

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Meditation techniques for anxiety involve breathing meditation, visualization meditation, progressive muscle relaxation, body scan meditation, yoga, tai chi, and mindfulness.

Breathing meditation is a powerful relaxation technique for stress and anxiety relief, and it takes only a few minutes to perform. Focus on taking full deep breaths from the abdomen to calm your body and mind. With an increase in the oxygen supplied to your body, you will feel less anxious and be able to breathe better.

Visualization meditation requires you to use only your senses and imagine a peaceful scene as vividly as possible. Choose a setting that soothes you, be it a snowy mountain top, your favorite spot in the house, or a sandy beach. This deep relaxation technique helps to completely calm your system.

Progressive muscle relaxation requires you to flex and relax various muscles groups in the body. It is believed that as your muscles relax your mind will calm itself as well. A combination of deep breathing with progressive muscle relaxation will give you further stress relief. Consult your doctor before trying this method of relaxation as tense muscles could aggravate an injury.

Body scan meditation requires you to be aware of the energy in your body.

Yoga is an old practice that involves the mind and also the body. It is based on a principle that helps in improving the health of the body and calming the mind. Yoga for stress and anxiety relief is considerably popular, and it is often recommended by physicians. Yoga classes like Satyananda Yoga, Power Yoga, and Hatha Yoga that focus on deep breathing, gentle stretching, and slow movements are most suitable to relieve stress.

If yoga is not your cup of tea, tai chi is another option. Tai chi is a series of slow flowing body movements that concentrate on relaxation and energy flow throughout the body.

Mindfulness deals with you being aware of everything in and around you.

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If practiced regularly, meditation for anxiety relief gives you a sense of freedom and calmness. Once you start following which ever technique is suitable for you regularly, along with the medication that has been prescribed, you should feel much better. In severe cases, meditation and exercise will not completely rid you of your stress and anxiety, but it definitely goes a long way in making you feel better both physically and mentally.


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The Duties of the Mortgage broker – Wedding Planner and Guide …

Posted on May 17th, 2012

Less than very long ago, it made out simply finance institutions and quite a few financial institutions which could present house loans to guide serious clients. Nonetheless, buying house mortgage has become simpler through a residence loan brokerage which will certainly assist buyers to get the suitable mortgage loan of which will satisfy the desires. Since brokerage will be not hired through the lender or possibly with a certain financial institution, your mortgage broker won?t be motivated by simply almost just about any loan company as well as there may be absolutely no biases in connection to selecting the best home loan for that buyer. Home financial loans have lots of tasks as effectively as duties. A variety of the tasks of the large personal firm would likely include things like the using:

Understanding consumer?s financial desires.

Reviewing their client?s economic qualifications along with abilities connected along with spending so that they really are capable to discover probably the most suitable and favorable mortgage offer with relation to help purchaser. A residence loan agent are able to carefully asses the actual monetary qualifications as nicely as record on your purchaser making sure be much more successful to guide trim down the options with consider to house bank loan provides and eradicate people who complete not satisfy the consumer?s demands. Even however the dealer is in the act of examining the particular personal track document with the buyer, some form of credit report of the client is required. This is because the particular credit file, which usually has this credit scores with the customer, can decide the home finance loan mortgage premiums.

Discovering probably the most suitable home loan to receive a consumer through several mortgage presents easily for sale in the actual mortgage loan industry. Giving support to the customer throughout the pre-approval phase involving program with the particular home money loan. This pre-approval stage associated with program for mortgage is actually the the vast majority of stress crammed period for job seekers nevertheless by using a brokerage, this period won?t be significantly demanding mainly because the brokerage will make certain that your candidate should have the opportunity to complete this stage.

Accumulating each connected with the paperwork which have been required for this application method in the applicant. These files are extremely significant as the application won?t be processed with no important docs. Helping this customer within completing the style regarding software involving house loan. Filling the equipment may be complicated intended pertaining to candidates particularly if they cannot understand how to fill it up effectively. Problems will almost certainly be prevented and likewise the form will almost certainly be refined promptly in case the form is normally chock-full.

Makes certain that all the papers and furthermore the form are planning to be submitted towards home loan service. While the bank or perhaps house bank loan service provider will get these docs, the kitchen appliance could be considered along with all the lender can accept your mortgage loan. The home finance loan broker delivers everything concerning the mortgage towards the candidate. Most of such includes all the appropriate facts how the candidate should know. This large monetary business ought to guarantee of which the actual customer knows everthing if you can certainly find any kind of troubles, your customer could always request queries for the dealer mortgage broker Melbourne

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Finance and Economic ? LightSquared files for bankruptcy

Posted on May 17th, 2012

Unable to reach a deal with its lenders, upstart wireless carrier LightSquared filed for bankruptcy Monday.

The move has been widely expected, since the company?s options for appeasing its creditors were running out. LightSquared?s lenders claim that it has been in default on its debt since its $9 billion partnership with Sprint Nextel (, Fortune 500) dissolved in March.

LightSquared?s principal backer, hedge fund Harbinger Capital Management, had already twice staved off bankruptcy by receiving short-term waivers from its creditors. The last such deal, struck two weeks ago, was reached after Harbinger founder Philip Falcone agreed to leave LightSquared?s board in the near future.

But the lenders continued trying to wrestle control of the company away from Falcone and Harbinger, and an agreement that would have granted another waiver extension could not be reached before a Monday deadline.

“Today?s filing was not an option the company embraced quickly or easily, but it was necessary to protect LightSquared against creditors who were looking for a quick profit, as opposed to our goal to create long-term market competition,” said Falcone in a prepared statement.

The Chapter 11 bankruptcy protection documents were filed in New York?s Southern District Court in New York.

Related story: The wireless industry?s biggest gamble is failing

LightSquared?s prospects for becoming a national carrier hit a major setback in February, when U.S. regulators barred the company from turning on its network, citing interference concerns with GPS devices. A month later, Sprint terminated its agreement with the company. The deal would have provided LightSquared with 4G infrastructure in return for $9 billion cash and the delivery of additional network capacity for Sprint quick payday loans.

LightSquared?s lenders viewed the cancelled deal as a material default on the terms of the company?s debt. Harbinger vehemently disagreed; it viewed the Sprint deal as essentially worthless at the time it was dissolved.

LightSquared has more than $5 billion in funding: $2.9 billion from Harbinger and $2.3 from outside lenders and investors. The company had ambitions to become the country?s fifth nationwide wireless carrier, going toe-to-toe with giants such as Verizon (, Fortune 500) and AT&T (, Fortune 500).

But those dreams began to unravel in February, when LightSquared failed to convince the Federal Communications Commission and the National Telecommunications and Information Administration that its network would not interfere with GPS signals. CEO Sanjiv Ahuja stepped down two weeks later.

LightSquared?s investors have increased their pressure on Harbinger to sell the company?s assets to another wireless carrier. Falcone believes LightSquared still has some options available to it, including swapping wireless spectrum with another company or government agency, which would sidestep the interference issues.

The company is sitting on a truckload of valuable wireless spectrum, and it continues its hopes of entering the wireless market as a wholesale provider of 4G service. Falcone said Monday that the bankruptcy filing provides the company “the additional runway it needs to resolve the regulatory issues.”

Yet that goal now seems far out of reach ? a dismal end for one of the tech industry?s most ambitious and expensive gambles. ?

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Subways share universal structure

Posted on May 17th, 2012

16 May 2012 Last updated at 08:00 ET

A study of the world’s largest subway networks has revealed that they are remarkably mathematically similar.

The layouts seem to converge over time to a similar structure regardless of where or over how long they were built.

The study, in the Journal of the Royal Society Interface, analysed 14 subway networks around the world.

It found common distributions of stations within the networks, as well as common proportions of the numbers of lines, stations, and total distances.

In some senses, it is unsurprising that the study found that networks tended over time to comprise a dense core of central stations with a number of lines radiating outward from it.

By choosing the world’s largest networks, from Beijing to Barcelona, the results were bound to represent networks that serve city centres with a dense collection of stations and bring commuters inward from more distant stations.

But the analysis shows a number of less obvious similarities across all 14 networks.

It found the total number of stations was proportional to the square of the number of lines – that is, a four-fold increase in station number would result in a doubling of the number of lines.

The dense core of central stations all had the same average number of neighbours in the network, and in all cases, about half the total number of stations were found outside the core.

In addition, the length of any one branch from the core’s centre was about the same as twice the diameter of the core, and the number of stations at a given distance from the centre was proportional to the square of that distance.

The authors analysed how the networks grew and added lines and stations, finding that they all converged over time to these similar structures.

They authors point out that the similarities exist regardless of where the networks were, when they were begun, or how quickly they reached their current layout.

“Although these (networks) might appear to be planned in some centralised manner, it is our contention here that subway systems like many other features of city systems evolve and self-organise themselves as the product of a stream of rational but usually uncoordinated decisions taking place through time,” they wrote.

The authors say that the systems do not appear to be “fractal”. Fractal systems follow mathematical patterns that seem equivalent in a number of physical and social systems ranging from the movements of planets to the movements of depressed people, but they may or may not reflect a deeper, more universal organisational principle.

Nevertheless, the team wrote that some underlying rule is likely to be driving the way subway systems end up worldwide.

“The existence of unique long-time limit topological and spatial features is a universal signature that fundamental mechanisms, independent of historical and geographical differences, contribute to the evolution of these transportation networks,” they wrote.

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This Math Equation Will Make You Less Fat [Health]

Posted on May 16th, 2012

From trying fad diets to developing eating disorders to becoming a gym rat, people have basically gone crazy trying to lose weight. And it’s true, America is fat. But what if the secret to losing weight wasn’t in ditching carbs or hurling or doing interval exercises but rather if it was in math? What? Yes. Math. More »


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Galaxy Resources Limited (ASX:GXY) Lithium One (CVE:LI) Merger Information Circular

Posted on May 16th, 2012

About Galaxy Resources Limited

Galaxy Resources Limited (ASX:GXY) is an Australian-based integrated lithium mining, chemicals and battery company listed on the Australian Securities Exchange and is a S&P/ASX 300 Index Company. Galaxy wholly owns the Mt Cattlin project near Ravensthorpe in Western Australia where it mines lithium pegmatite ore and processes it on site to produce a spodumene concentrate and tantalum by-product. At full capacity, Galaxy will produce 137,000 tpa of spodumene concentrate and 56,000 lbs per annum of contained tantalum. The concentrated spodumene is shipped to Galaxy’s wholly-owned Lithium Carbonate Plant in China’s Jiangsu province. Once complete, the Jiangsu plant will produce 17,000 tpa of battery grade lithium carbonate, the largest producer in the Asia Pacific region and the fourth largest in the world.

Galaxy is also advancing plans for a lithium-ion battery plant, to produce 350,000 battery packs per annum for the electric bike (e-bike) market. The Company also has a farm in agreement with TSX-listed Lithium One Inc to acquire up to 70% of the James Bay Lithium Pegmatite Project in Quebec, Canada.

Lithium compounds are used in the manufacture of ceramics, glass, electronics and are an essential cathode material for long life lithium-ion batteries used to power e-bikes and hybrid and electric vehicles. Galaxy is bullish about the global lithium demand outlook and is positioning itself to achieve its goal of being involved in every step of the lithium supply chain.

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Apartment Walnut Creek Movers – Generating Shifting Easy | South …

Posted on May 16th, 2012

If you know you will be shifting shortly, you?ve most likely previously however about enlisting the providers of apartment movers. Even so, one of the massive issues holding you back is almost certainly price and whether or not you can have confidence in the organization. But a single way to get all around that, specifically for a more compact apartment transfer, is to get have the organization quote the price tag up front and have insurance just in case they break one thing in the course of the transfer.

Before you even get started out, you need to have to decide how much you are willing to shell out the movers. Dependent on your price range, you?re going to be ready to restrict the firms you?ll be capable to do organization with.

And to go a small additional, you will need to establish what solutions you want the organization to perform. They do anything (organizing, packing, loading, transporting, unpacking, and organizing) for you, and you by no means have to raise a finger. But, that will cost you a fairly penny. Or you can save a ton of cash by performing every thing yourself and go away the real transportation to the apartment movers. Furthermore, you do not have to worry about the movers breaking any of your products for the duration of the moving process if you manage and pack every thing oneself.

There is another effective approach of relocating is utilizing plastic storage containers for your transfer. They are wonderful for pretty significantly nearly anything: going, storage, and even garbage disposal. Additionally, they supply a lot more security for your possessions during the transfer than a classic cardboard shipping box. But, before you use it, you need to have to be informed that they do expense far more than conventional cardboard shipping bins and if you place anything moist in there, it will mildew immediately after a day or two.

You can locate the two transport bins and plastic storage boxes are obtainable at most low cost stores, massive box suppliers, on-line stores, and you can even pick them up for totally free on web sites like Craigslist.com. With a small research and preparation, you can have a seamless shift that won?t break the financial institution.

At Walnut Creek Movers, customer care and satisfaction is our primary goal. We make it our top priority to deliver efficient worry free moving at a very affordable price. Each move is planned and coordinated according to each individual?s needs.

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Happy Friday!

Posted on April 14th, 2012

Happy Friday!

Beyonce Writes an Open Letter to Michelle Obama [The Frisky] Justin Bieber and Taylor Swift to Collaborate on a Song [HollyWire] Kim Kardashian’s Fashion Flop [...]

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