How shares in listed firms are used to convert black money into white

This is known that unlisted companies are used to make black money white. But listed firms too are used for exactly this purpose.In April last year the shares of a company called Global Securities, listed on the Bombay Stock Exchange (BSE), were trading in a band of Rs 15-25 a share. Daily volumes during the month varied wildly — from a few hundred shares, to a few lakh. The company's net profit in 2012-13 was to the tune of around Rs 3.9 lakh. Between April 2012 and March 2013, the price of Read more [...]

Listed: Sitcoms that became movies

This week sees the release of the eagerly anticipated Alan Partridge film, Alpha Papa. And while there are those of us who simply cannot wait to cringe along with Norwich’s favourite talk radio host, there is a rather vocal minority that are indignant at having their favourite sitcom sullied by the limitations of the movie format. While it would be churlish to judge a film on the basis of an innate distrust of the movie-making business, a precedent has been set when it comes to much-loved comedies Read more [...]

Malloy’s travel records, more DC than Davos

Three years into his first term, Dannel P. Malloy is the most-traveled governor since at least John G. Rowland, a three-term Republican whose acceptance of luxury charter flights to Florida and Las Vegas led to a 10-month federal prison term for corruption in 2005. Malloy got into some political hot water in the spring after he initially accepted an expense-paid trip from People magazine to the glittering White House Correspondents Dinner. But an examination of Malloy's travel records, Read more [...]

Indian Maharaja impresses in Listed Tipperary win

Joseph O'Brien: described Indian Maharaja as 'exciting'   PICTURE: Edward Whitaker (racingpost.com/photos)   Report: Tipperary, Friday Coolmore Canford Cliffs Stakes (Listed) 7½f, 2yo INDIAN MAHARAJA confirmed himself a colt of some potential when remaining unbeaten with the minimum of fuss for Aidan O'Brien. Ridden by son Joseph, the 30-100 favourite confirmed the promise shown when winning on debut at Gowran Park, tracking the pace then quickening away easily from his rivals to Read more [...]

Baristaville Open Houses: Sunday, Aug. 11

With only about 65 or so properties showing this weekend, the summer real-estate slowdown continues to be in full effect. However, some new listings are keeping things interesting. 15 Rockledge Rd., Montclair List Price: $864,000 Taxes: $30,669 Acreage: 0.45 7BR/3.1BA This stately 10-room home, built in 1900, retains much of its original charm, including doric columns, leaded-glass windows, a reception room, a music room and four fireplaces. The just-listed property also has French doors, Read more [...]

All options open to impressive Indian Maharaja

All options open to impressive Indian MaharajaSaturday, August 10, 2013The Aidan O’Brien-trained Indian Maharaja confirmed the promise of his impressive debut success at Gowran Park when justifying 30/100 favouritism in the listed Coolmore Canford Cliffs 2-Y-0 Stakes in Tipperary last night.The son of Galileo and Irish 1,000 Guineas heroine Again, was shaken up to lead before the furlong-pole before being driven clear by Joseph O’Brien to beat Jim Bolger’s promising debutante Ceisteach by Read more [...]

Indian Maharaja impresses in Listed win

Joseph O'Brien: described Indian Maharaja as 'exciting'   PICTURE: Edward Whitaker (racingpost.com/photos)   Report: Tipperary, Friday Coolmore Canford Cliffs Stakes (Listed) 7½f, 2yo INDIAN MAHARAJA confirmed himself a colt of some potential when remaining unbeaten with the minimum of fuss for Aidan O'Brien. Ridden by son Joseph, the 30-100 favourite confirmed the promise shown when winning on debut at Gowran Park, tracking the pace then quickening away easily from his rivals to Read more [...]

Connecticut Plane Crash Kills Two

By Pervaiz Shallwani, Tamer El-Ghobashy, Ted Mann, and Joseph De Avila Click to Play UPDATED |  A small plane has crashed into two houses in East Haven, Connecticut, killing at least two people, officials said. Up to three more people are still missing, officials said. The pilot, Bill Henningsgaard, and his son, Maxwell, both from Washington State, were on the plane when it crashed, said the pilot’s brother, Blair Henningsgaard, 61, of Astoria, Ore. He believes both are dead, Read more [...]

Glenn Beck-promoted event loses top speaker over neo-Confederate ties

Family Research Council executive vice president Lt. Gen. Jerry Boykin has backed out of speaking at a conference promoted by Glenn Beck after learning that the event has ties to the League of the South, a neo-Confederate group.“Yes, that is true. When it was brought to our attention that there were connections to this group that does not share our values, General Boykin withdrew from the event,” FRC’s vice president for communications, Read more [...]

Meridian listing could come by late October

Meridian Energy could be listed on the sharemarket before the end of October after clearing a big hurdle by finalising contract talks over the Tiwai Pt aluminium smelter. The energy company yesterday said it had locked in a deal with Rio Tinto subsidiary New Zealand Aluminium Smelters to supply electricity to the plant until at least January 2017. The year-long negotiation was sealed with the help of a $30 million government sweetener. The Tiwai situation had been viewed as a listing hurdle because Read more [...]