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Tue, 13 Mar 2007 04:02:50 GMT

US Authorities Charge Three Indian Nationals in Stock Manipulation Scheme

US Authorities Charge Three Indian Nationals in Stock Manipulation Scheme

The US authorities have charged three Indian nationals for a highly structured pump-and-dump scam that used hijacked brokerage accounts to manipulate the prices of 14 securities including Sun Microsystems and Google. The men were charged in a 23-count indictment for conspiracy, securities fraud, wire fraud, aggravated identity theft and computer fraud. In addition to it, they were also sued in civil court in connection with the alleged conspiracy.

The three Indian accused are Jaisankar Marimuthu, 32, Thirugnanam Ramanathan, 34, and Chockalingam Ramanathan, 33 who are charged and sued. Two of the suspects have already been detained, Jaisankar Marimuthu of Chennai, and Thirugnanam Ramanathan in Hong Kong. While Chennai based Chockalingam Ramanathan is still at large.

Federal prosecutors have said that the three accused bought stocks and options, then hijacked online accounts to purchase the same securities and drive up the prices. At least 60 customers and nine brokerages were reported to become victims, including TD Ameritrade Holding Corp and E Trade Financial Corp. The prosecutor has said that one firm lost more than $2 million.

Moreover, this case is just one of several recent examples of electronic intrusion in which hackers take advantage of technological loopholes to make unlawful purchases and sales of stock and option. The US authorities are in process to extradite Jaisankar Marimuthu and Thirugnanam Ramanathan to Omaha, where a federal grand jury has accused them under seal on charges of conspiracy, computer fraud and aggravated identity theft in January.

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Posted by: Balendu      Read more     Source


Tue, 13 Mar 2007 03:58:31 GMT

Halliburton’s Decision to Shift Headquarter Triggers Political Firestorm in US

Halliburton’s Decision to Shift Headquarter Triggers Political Firestorm in US

Halliburton Co.’s recent decision to move its headquarter to Dubai from Texas has triggered a political firestorm as Senator Hillary Clinton and other top Democrats expressed outrage at the oil services giant. US Democrats now planning to seek a congressional review of the decision, saying it is motivated by greed. However, Dick Cheney, who earlier headed Halliburton prior to become US vice-president, said the move was to capitalize on the booming energy sector in the Gulf region.

According to the reports, Congressman Henry Waxman, who heads the chief investigative committee in the House of Representatives, is contemplating to hold a hearing on the Dubai issue. Reacting to the company’s decision, Senator Patrick Leahy, the top Democratic member on the Senate judiciary committee, has reportedly said, ‘this is an insult to the US soldiers and taxpayers who paid the tab for their no-bid contracts and endured their overcharges for all these years’.

Hillary Clinton, the New York senator and presidential candidate has criticizing the decision has said that they have a lot of evidence of misuse of government contracts and how they have cheated the American soldier and cheated the American taxpayer. The company is at present being investigated by the Securities and Exchange Commission and the US justice department over allegations of improper business affairs in Iraq, Kuwait and Nigeria and most serious allegation of improper billing for food and fuel services in the war-torn Iraq.

Moreover, the decision to shift headquarter is obviously the latest confirmation of U.S. oil industry that has been heating up Middle East operations in recent times. Schlumberger, Halliburton’s chief rival, opened a research center in the region in the past two years, while Shell has dramatically expanded operations. Dubai is increasingly becoming a growing hub for Western business and investments, sandwiched between Saudi Arabia and Oman and is surrounded by the world’s biggest proven oil reserves.

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Posted by: Balendu      Read more     Source


Tue, 13 Mar 2007 03:50:47 GMT

Nintendo Gameboy Advance: Ultimate Distraction

Nintendo Gameboy Advance: Ultimate Distraction

Nintendo had launched this remarkable print advertisement in the year 2003 to promote its Gameboy Advance. The campaign aims at establishing that the game is so engrossing and compelling that their minds are not diverted in extreme cases while they are playing game. The advertisement has depicted some height moments of life like second coming of Jesus, blowing half body in a mine, fishes eating boy’s leg and all these incidents were ignored by the player.

The advertisement was not exactly based on a fresh and original idea but its presentation had surely made a difference. Nice execution and an exemplary piece of exaggeration of idea have surely helped the campaign to do wonders. The advertisement campaign was developed by Ogilvy & Mather.

Via Duncan’s Print


Posted by: Balendu      Read more     Source


Tue, 13 Mar 2007 02:48:38 GMT

Online Real Estate Marketing is Growing Like Never Before

Online Real Estate Marketing is Growing Like Never Before


Online real estate marketing is catching up. Though it is still in its infancy but it is presenting a lot of potential for the future. This new method is another initiative by the real estate market to get closer to its customers. Marketing choices are getting complex as a larger number of websites are trying to promote property listing.

Offline business strategies are getting replaced by online strategies in a bid to woo customers and for keeping a tab on the ROI for online marketing efforts. With this technique being used widely people in the real estate industry are trying to think out of the box for developing ways for attracting customers in the market which is already looking crowded.

This has enabled customers to get greater control and a better understanding of what they want. Though a bit challenging but it is presenting various opportunities for the marketing people besides the traditional methods which are still functional. The real estate market is hotting up world over therefore you can expect this online mode to head north.

Via inman


Posted by: Gautam      Read more     Source


Tue, 13 Mar 2007 02:34:41 GMT

Japan’s Current Account Surplus Expands on Export Surge

Japan’s Current Account Surplus Expands on Export Surge

Japan’s current account surplus expanded more than projected in January as exports swelled considerably, boosting growth in the world’s second-largest economy. The current account surplus grew 49.8 percent from a year earlier in January, the Finance Ministry said Monday, staging an impressive comeback from the previous month. The surplus shot up to 1.19 trillion yen ($10.1 billion) against expected 1.04 trillion yen.

The recent surge in export also marked the fact that Japan’s economy recorded the fastest pace in three years in the last quarter. Factors such as rising overseas demand helped companies to encourage spending on factories and machinery. The experts are of the view that the current account surplus may keep expanding as exporters such like Toyota Motor Corp. ship more goods and as cheaper oil would help limiting the nation’s import bill.

According to figures released by Cabinet Office Japan’s economy grew at an annual 5.5 percent rate in the final quarter. The government earlier anticipated a 4.8 percent growth in the last quarter. Exports shot up significantly by 18.2 per cent to 5.63 trillion yen, and imports marked the second highest on record rising 10.8 per cent to 5.52 trillion yen.

However, Surplus in goods and services trade reported a deficit of 78.5 billion yen, against a deficit of 297.6 billion yen in the corresponding period last year. The current account balance, which is the distinctive yardstick of trade, indicates the difference between a nation’s income from foreign sources and foreign obligations payable, excluding net capital investment.

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Posted by: Balendu      Read more     Source


Sun, 11 Mar 2007 18:35:14 GMT

Can Luxury Homes Be Eco-friendly?

Can Luxury Homes Be Eco-friendly?

Luxury homes can be eco-friendly too. Scottish construction company, Stewart Milne Group plans to build UK’s first five-star near-zero carbon neutral house state-of-the-art environmental house.

The house being built by Stewart Milne is aiming to achieve a five star rating, but within a commercially viable design for volume produced housing, developed with PRP architects, which responds to the issues facing house builders and their customers.

The design of the new houses will help reduce energy consumption by including a wind turbine on the roof, a solar chimney, a fitted bathroom pod, open-tread stairs to let the air circulate, and under-floor heating. Water-saving devices will keep use below 80 litres per person per day. Extensive terraces will be built into the design at upper levels to maximise outdoor space in urban environments

Glenn Allison, MD of Stewart Milne Group, says

Our decision to create this potentially 5 star house as a commercial reality gives us the opportunity to show key influencers in the housing sector that it is feasible to build low carbon houses in an affordable fashion.

Take a look at the another interesting eco-friendly project by Sambala group on Santiago Island.Those of you who plan to build eco-friendly homes can take a cue from these projects.

Via: The Herald


Posted by: Rekha      Read more     Source


March 8, 2007, 8:08 AM CT

Retirement of Boomers

Retirement of Boomers
Americans in their early to mid-50s today report poorer health, more pain and more trouble doing everyday physical tasks than their older peers reported at the same age in years past, a recent analysis has shown. The research, published in print and online this week by the nonprofit National Bureau of Economic Research (NBER), was supported by the National Institute on Aging (NIA), a component of the National Institutes of Health.

The study was conducted by Beth J. Soldo, Ph.D., Olivia Mitchell, Ph.D., and John McCabe, Ph.D., of the University of Pennsylvania, and Rania Tfaily, Ph.D., of Carleton University, Ottawa, Ontario. The newly published report appears as part of NBER's Working Paper series and follows the analysis' online appearance in 2006. It will also be published in a refereed volume from Oxford University Press in 2007.

Using a summary health index developed for their analysis, the scientists compared the overall, self-reported health of people in three birth-year groups-those born in 1936-41 (now ages 66 to 71), 1942-47 (now ages 60 to 65) and 1948-53 (now ages 54 to 59). The data came from the Health and Retirement Study (HRS), a nationwide, NIA-sponsored survey of more than 20,000 Americans over age 50 that began in 1992. It draws from survey respondents' answers to questions about their health and well-being when they were all between the ages of 51 and 56. The researchers' health index blended HRS participants' ratings of their health, difficulty with physical mobility and agility, and perception of physical pain.........

Posted by: Edwin      Read more         Source


March 5, 2007, 4:39 PM CT

Designs For Clean Water

Designs For Clean Water
An MIT engineer working toward clean drinking water in Nepal describes in a recent issue of the Journal of International Development how people from developed and developing countries can work together to solve key humanitarian problems, ultimately meeting the basic human needs for security, broadly defined.

Such a collaboration "begins with a relationship among partners in the global village, taking into consideration the specific conditions of the local culture, environment and location," said Susan Murcott, a senior lecturer in MIT's Department of Civil and Environmental Engineering (CEE).

Murcott has personal experience of a global engineering partnership of this kind--she calls it "co-evolutionary engineering design"--through her work in developing countries.

She and students in MIT's CEE master of engineering program have worked for years with citizens of Nepal and, since 2005, of Ghana, to design, test and distribute inexpensive household water filters that simultaneously remove arsenic and microbial contamination from the available water supply. Murcott notes that some 150 million people worldwide are affected by arsenic-tainted water, while an estimated 1 to 5 billion people worldwide lack access to microbially safe water.

As of December 2006, more than 5,000 such filters are operating across Nepal, serving some 40,000 people. An additional 5,000 filters are slated for sales and distribution in 2007 in Nepal, with further outreach into Vietnam, Cambodia and Bangladesh underway.........

Posted by: Edwin      Read more         Source


Sat, 03 Mar 2007 02:28:19 GMT

AA-powered emergency cell phone charger

AA-powered emergency cell phone charger
so it looks like a pepper spray gone (or trying to be) funkadelic, but you''ll be thankful for this little baby when it jumpstarts your cell phone on one of those road-warrior days when you''re not near a power outlet long enough to recharge it properly. The functionally-named Emergency Phone Charger just needs one AA battery and it can boost a phone to run for up to an additional two hours. And since it''s only a bit larger than the AA battery it contains, it''s small enough to be popped into a handbag without adding much weight or bulk.

The Emergency Phone comes with 4 adaptors so it can work with just about any cell phone. The only downside I can see for now is that it''s available in only one colour --- the shriekingly obvious turquoise pictured here. But hey, at least that''ll make it easy to spot when you need to grab it from your bag.

Available for £5.95 on pre-order from i want one of those.


Posted by: Yu-Mei      Read more     Source


Sat, 03 Mar 2007 02:21:17 GMT

Aurora Alienware mALX Notebook

Aurora Alienware mALX Notebook


I'm in love with this notebook. Yes, you can say I'm shallow.... I fell in love with "him" because of his looks:

"Color-Shifting On The Go

Adding a product touch that will undoubtedly make it stand out in a crowd, the Aurora mALX also features exotically stylish, airbrushed custom paint artwork that boldly implies power and strength, while shifting color through light refraction."


Color shifting? That's sooooo cool! And the design.... Can you imagine going around with this thing?

But the Aurora Alienware mALX is not just a pretty face. He also offers:

- 1GB of dedicated graphics memory (Dual 512MB GeForce Go 7900 GTX )
- 64-bit AMD Turion processor
- 19" widescreen display
- 400GB Hard Drive Capacity
- Blue-Ray

And more. A notebook to play, work, kill your friends (with envy), whatever, whenever, wherever you want.

Check out the Aurora Alienware mALX Notebook site, and tell me it ain't cool!


Posted by: Michael      Read more     Source


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