Kodak in $525 million patent deal, eyes bankruptcy end


(Reuters) - Eastman Kodak Co agreed to sell its digital imaging patents for about $525 million, a key step to bringing the photography pioneer out of bankruptcy in the first half of 2013.


The deal for the 1,100 patents allows Kodak to fulfill a condition for securing $830 million in financing.


The patent deal was reached with a consortium led by Intellectual Ventures and RPX Corp, and which includes some of the world's biggest technology companies, which will license or acquire the patents.


Those companies are Adobe Systems Inc, Amazon.com Inc, Apple Inc, Facebook Inc, Fujifilm, Google Inc, Huawei Technologies Co Ltd, HTC Corp, Microsoft Corp, Research In Motion Ltd, Samsung Electronics Co Ltd and Shutterfly Inc, according to court documents.


Kodak still must sell its personalized and document-imaging businesses as part of the financing package, and also has to resolve its UK pension obligation.


Kodak said the patent deal puts it on a path to emerge from Chapter 11 in the first half of 2013.


"Our progress has accelerated over the past several weeks as we prepare to emerge as a strong, sustainable company," said Antonio Perez, chairman and chief executive of the Rochester, New York-based company.


The patent portfolio was expected to be a major asset for Kodak when it filed for bankruptcy in January. An outside firm had estimated the patents could be worth as much as $2.6 billion.


Kodak's patents hit the market as intellectual property values have soared and technology companies have plowed money into patent-related litigation.


For example, last year Nortel Networks sold 6,000 wireless patents in a bankruptcy auction for $4.5 billion and earlier this year Google spent $12.5 billion for patent-rich Motorola Mobility.


But Kodak's patent auction dragged on beyond the initial expectation that it would be wrapped up in August. One patent specialist blamed those early, overly optimistic valuations, which he said encouraged Kodak's team to set their sights too high.


"Unfortunately (Kodak management) was misled into thinking it was worth billions of dollars and it wasn't," said Alex Poltorak, chairman of General Patent Corp, a patent licensing firm. "I think they sold them at a very good price."


He said after Google acquired Motorola, the search engine company no longer needed patents at any price, deflating the intellectual property market.


Kodak traces its roots to the 19th century and invented the handheld camera. But it has been unable to successfully shift to digital imaging.


It will likely be a different company when it exits bankruptcy, out of the consumer business and focused instead on providing products and services to the commercial imaging market.


The patent sale is subject to approval by the U.S. Bankruptcy Court in Manhattan.


The Kodak bankruptcy case is in Re: Eastman Kodak Co. et al, U.S. Bankruptcy Court, Southern District of New York, No. 12-10202.


(Reporting by Tom Hals in Wilmington, Delaware and Sruthi Ramakrishnan in Bangalore; Editing by Nick Zieminski,; John Wallace and Peter Galloway)



Read More..

Penn State voted AP sports story of year again


NEW YORK (AP) — The Penn State child sex abuse scandal was selected as the sports story of the year by U.S. editors and news directors in an annual vote conducted by The Associated Press.


The news broke in November 2011, with a grand jury report outlining charges against Jerry Sandusky, and the outrage that followed led to the firing of Hall of Fame coach Joe Paterno. But the aftershocks were felt long into 2012: Sandusky was convicted in June of assaulting 10 boys, and the NCAA handed down brutal sanctions in July.


In both years, the scandal was picked as the top sports story, the first time since the AP began conducting its annual vote in 1990 that the same story was selected twice in a row. The results of this year's tally were announced Wednesday.


Even before the Sandusky trial, the State College community had absorbed another huge blow as Paterno died Jan. 22 at age 85 of lung cancer.


The year ended with a small step to normalcy — joy on the football field. Under new coach Bill O'Brien, the Nittany Lions won eight of their last 10 games to finish 8-4, capped by an overtime victory at home over Wisconsin.


There were 157 ballots submitted from U.S. news organizations. The voters were asked to rank the top 10 sports stories of the year, with the first-place story getting 10 points, the second-place story receiving nine points, and so on.


The Penn State saga received 1,420 points and 109 first-place votes. The No. 2 sports story, Lance Armstrong stripped of his seven Tour de France titles, had 10 first-place votes and 1,008 points.


Football's popularity, college and pro, was unmistakable with seven of the top 10 stories. But only two of them involved the action on the field.


Here are 2012's top 10 stories:


1. PENN STATE: Sandusky, the former defensive coordinator whose crimes led to such devastation for his victims and for his former employer, was found guilty on 45 of 48 counts. In October, the 68-year-old was sentenced to 30 to 60 years in prison. His conviction provided some closure, but a messy aftermath remained. Former FBI Director Louis Freeh released the results of his investigation July 12, saying Paterno and other top school officials covered up allegations against Sandusky. The NCAA used that report as a basis for its sanctions announced later that month, which included a $60 million fine, a four-year bowl ban and scholarship reductions.


2. LANCE ARMSTRONG: In February, federal prosecutors closed an investigation into whether the star cyclist doped. That turned out to be only a temporary reprieve for a once-revered figure. In June, the U.S. Anti-Doping Agency accused him of using performance-enhancing drugs, and in August, when he dropped his fight against the charges, USADA ordered his record seven Tour titles wiped out. A report released in October laid out vivid details of the evidence. The year ends with Armstrong dropped by many of the companies he endorsed and no longer formally involved with the cancer charity he founded, Livestrong.


3. NFL BOUNTIES: This much is clear: Saints coach Sean Payton was suspended for the entire season and New Orleans started 0-4 to quickly fall out of playoff contention. Much else about the bounty scandal remains in dispute. Players deny the NFL's assertions of a pay-for-injury program. On Dec. 11, former Commissioner Paul Tagliabue overturned his successor's suspensions of four players but endorsed the findings of the investigation under Roger Goodell.


4. FOOTBALL CONCUSSIONS: The deaths of NFL greats Alex Karras — who suffered from dementia — and Junior Seau — who committed suicide — were grim reminders of the angst over head injuries in the sport and their possible consequences. Thousands of retired players have sued the league, alleging the NFL failed to protect them from the dangers of concussions.


5. LONDON OLYMPICS: Michael Phelps retired from swimming after setting an Olympic record with his 22nd medal at a Summer Games bursting with memorable performances. Usain Bolt became the first man to successfully defend both the 100- and 200-meter dash titles. And the host country racked up 65 medals in an Olympics so successful for Britain that it barely even rained.


6. COLLEGE FOOTBALL PLAYOFFS: Instead of complaining about the BCS, soon we can moan about the selection committee. After years of carping, fans finally got a playoff system, which will debut after the 2014 season. The four-team bracket will feature semifinals and a title game to determine a national champion.


7. REPLACEMENT OFFICIALS: Fans and pundits predicted a blown call would decide a critical game when the NFL started the season with replacement officials. Sure enough, in Week 3, on the national stage of "Monday Night Football," a missed offensive pass interference penalty and a questionable touchdown catch handed the Seattle Seahawks a win over the Green Bay Packers. Two days later, the league resolved its labor dispute with the regular refs.


8. SUPER GIANTS: A team that had been 7-7 upset the top-seeded Green Bay Packers on the road in the playoffs, needed overtime to beat the San Francisco 49ers in the NFC title game, then came from behind to defeat the New England Patriots in the Super Bowl, 21-17, an outcome strangely similar to their matchup four years earlier. Eli Manning won his second Super Bowl MVP award.


9. SUMMITT RETIRES: Pat Summitt, the winningest coach in NCAA basketball history, retired from the Tennessee bench in April at age 59, less than eight months after revealing she had early-onset dementia. Longtime assistant Holly Warlick took over the Lady Vols. Summitt was 1,098-208 with eight national titles in 38 seasons.


10. MANNING'S RESURGENCE: Peyton Manning was released from the Indianapolis Colts in March after missing last season because of neck surgery, the future uncertain for the four-time MVP. John Elway and the Broncos gambled that he still had some championship play left in that right arm, and so far it's looking like a brilliant move as Denver won the AFC West.


___


AP Projects Editor Brooke Lansdale contributed to this report.


Read More..

Madonna leads Billboard’s top-grossing tours






LOS ANGELES (Reuters) – While this year’s pop charts have been dominated by young singers, it is veteran music stars, led by Madonna, who are commanding big money in tour ticket sales, according to a new Billboard list released on Tuesday.


Madonna, 54, topped Billboard‘s list of highest-grossing live tours, earning an estimated $ 228.4 million in ticket sales from her sold-out ninth worldwide tour in support of her 12th studio album “MDNA.” The singer will wrap her tour in South America this weekend, after performing more than 80 shows across the world starting in Israel in May.






Madonna came ahead of pop star Lady Gaga, who landed at No. 6, with ticket sales of $ 124.9 million from her worldwide “Born This Way Ball” tour. Gaga, 26, is currently midway through her tour, which kicked off in South Korea in April, and will wrap in Oklahoma in March 2013.


Music publication Billboard compiled its list through estimated gross ticket sales figures from Billboard box scores, which tracks concert tours, ticket prices and sales.


The top five highest-grossing tour acts of 2012 included Bruce Springsteen, 63, and the E Street band at No. 2 with $ 199 million from 72 shows and Pink Floyd’s Roger Waters, 69, at No. 3 with $ 186 million.


Cirque Du Soleil‘s homage to late singer Michael Jackson in “The Immortal World Tour” ranked No. 4 with $ 147.3 million over 183 shows, and British rock band Coldplay was fifth with $ 147.2 million over 67 shows.


The only other young stars in the list of 25 top-grossing tours was Canadian pop star Justin Bieber, 18, at No. 20 with $ 30 million from 29 shows as part of his ongoing “Believe” tour, and country-pop darling Taylor Swift, 23, who raked in $ 26 million from 21 shows from her “Speak Now World Tour.”


Last year, Swift ranked No. 5 on Billboard‘s list with an estimated $ 97 million in ticket sales from her “Speak Now World Tour,” while Bieber came in at No. 15 with $ 44 million.


Swift will embark on her third worldwide concert tour in support of her studio album “Red” in March 2013.


(Reporting By Piya Sinha-Roy; Editing by Patricia Reaney and Eric Walsh)


Music News Headlines – Yahoo! News





Title Post: Madonna leads Billboard’s top-grossing tours
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Experts: Kids are resilient in coping with trauma


WASHINGTON (AP) — They might not want to talk about the gunshots or the screams. But their toys might start getting into imaginary shootouts.


Last week's school shooting in Connecticut raises the question: What will be the psychological fallout for the children who survived?


For people of any age, regaining a sense of security after surviving violence can take a long time. They're at risk for lingering anxiety, depression, post-traumatic stress disorder.


But after the grief and fear fades, psychiatrists say most of Newtown's young survivors probably will cope without long-term emotional problems.


"Kids do tend to be highly resilient," said Dr. Matthew Biel, chief of child and adolescent psychiatry at MedStar Georgetown University Hospital.


And one way that younger children try to make sense of trauma is through play. Youngsters may pull out action figures or stuffed animals and re-enact what they witnessed, perhaps multiple times.


"That's the way they gain mastery over a situation that's overwhelming," Biel explained, saying it becomes a concern only if the child is clearly distressed while playing.


Nor is it unusual for children to chase each other playing cops-and-robbers, but now parents might see some also pretending they're dead, added Dr. Melissa Brymer of the UCLA-Duke National Center for Child Traumatic Stress.


Among the challenges will be spotting which children are struggling enough that they may need professional help.


Newtown's tragedy is particularly heart-wrenching because of what such young children grappled with — like the six first-graders who apparently had to run past their teacher's body to escape to safety.


There's little scientific research specifically on PTSD, post-traumatic stress disorder, in children exposed to a burst of violence, and even less to tell if a younger child will have a harder time healing than an older one.


Overall, scientists say studies of natural disasters and wars suggest most children eventually recover from traumatic experiences while a smaller proportion develop long-term disorders such as PTSD. Brymer says in her studies of school shootings, that fraction can range from 10 percent to a quarter of survivors, depending on what they actually experienced. A broader 2007 study found 13 percent of U.S. children exposed to different types of trauma reported some symptoms of PTSD, although less than 1 percent had enough for an official diagnosis.


Violence isn't all that rare in childhood. In many parts of the world — and in inner-city neighborhoods in the U.S., too — children witness it repeatedly. They don't become inured to it, Biel said, and more exposure means a greater chance of lasting psychological harm.


In Newtown, most at risk for longer-term problems are those who saw someone killed, said Dr. Carol North of the University of Texas Southwestern Medical Center, who has researched survivors of mass shootings.


Friday's shootings were mostly in two classrooms of Sandy Hook Elementary School, which has about 450 students through fourth-grade.


But those who weren't as close to the danger may be at extra risk, too, if this wasn't their first trauma or they already had problems such as anxiety disorders that increase their vulnerability, she said.


Right after a traumatic event, it's normal to have nightmares or trouble sleeping, to stick close to loved ones, and to be nervous or moody, Biel said.


To help, parents will have to follow their child's lead. Grilling a child about a traumatic experience isn't good, he stressed. Some children will ask a lot of questions, seeking reassurance, he said. Others will be quiet, thinking about the experience and maybe drawing or writing about it, or acting it out at playtime. Younger children may regress, becoming clingy or having tantrums.


Before second grade, their brains also are at a developmental stage some refer to as magical thinking, when it's difficult to distinguish reality and fantasy. Parents may have to help them understand that a friend who died isn't in pain or lonely but also isn't coming back, Brymer said.


When problem behaviors or signs of distress continue for several weeks, Brymer says it's time for an evaluation by a counselor or pediatrician.


Besides a supportive family, what helps? North advises getting children back into routines, together with their friends, and easing them back into a school setting. Studies of survivors of the Sept. 11 terrorist attacks found "the power of the support of the people who went through it with you is huge," she said.


Children as young as first-graders can benefit from cognitive-behavioral therapy, Georgetown's Biel said. They can calm themselves with breathing techniques. They also can learn to identify and label their feelings — anger, frustration, worry — and how to balance, say, a worried thought with a brave one.


Finally, avoid watching TV coverage of the shooting, as children may think it's happening all over again, Biel added. He found that children who watched the 9/11 clips of planes hitting the World Trade Center thought they were seeing dozens of separate attacks.


___


EDITOR'S NOTE — Lauran Neergaard covers health and medical issues for The Associated Press in Washington.


Read More..

A year for enduring pop culture icons to shine


NEW YORK (AP) — Marilyn Monroe. The Rolling Stones. And Bond — James Bond. What do they have in common?


Sure, one's long gone, and one's fictional. But all three marked a golden anniversary in 2012. And after a half-century in our pop-culture consciousness, they each displayed a surprisingly enduring appeal.


So even though, as a culture, we still worshiped at the fountain of youth this year, marveling at the precocious talents of a Lena Dunham, a Taylor Swift, and a slew of charming young Olympians, let's also give a shoutout to some of our most enduring icons. Turns out some things never go out of style.


Once again, our highly subjective pop-culture journey through the year:


_


JANUARY:


Here begins the incredible ascendance of LENA DUNHAM, as HBO picks up the actress-director-writer's "Girls," a meditation on the awkwardness of being female and 20-ish in New York. By year's end Dunham, at 26, will have gathered so much buzz, she'll be on her way to becoming what her character, Hannah Horvath, can only dream of being: "The voice of my generation. Or at least, A voice. Of A generation."


FEBRUARY:


Let's hear it for the adults! MERYL STREEP, 62, wins her third Oscar for "The Iron Lady." It's her 17th nomination, a record. The whole ceremony has a vintage feel: BILLY CRYSTAL is back as host a year after the rocky appearance of the "young and hip" hosts, James Franco and Anne Hathaway. The best supporting actor, Christopher Plummer, is 82, and the best picture, "The Artist," is a throwback to silent films. Meanwhile, all hail MADONNA — at 54, not only does she score at the Super Bowl with her halftime show, but by year's end, her MDNA global tour will be the highest grossing of any in 2012. (Second place? That goes to BRUCE SPRINGSTEEN, age 63.)


MARCH:


Enter springtime, and youth again: Billboard's top moneymaker for 2011 is TAYLOR SWIFT, less than half Madonna's age. In 2012, Swift will have the biggest sales week for any album in a decade, for "Red." She also writes for the soundtrack of one of the year's hottest movies, THE HUNGER GAMES. Speaking of which, JENNIFER LAWRENCE, 22, becomes a breakout star this year, rocketing to fame as Katniss Everdeen in the first installment of the Suzanne Collins trilogy. In fashion, MARC JACOBS' Louis Vuitton show in Paris has models in Edwardian hats stepping off a reconstructed retro steam train, with valets carrying vintage-inspired hat boxes.


APRIL:


In technology news, FACEBOOK buys INSTAGRAM for a cool $1 billion, banking on people's insatiable desire to share photos of their most mundane moments. And oh yes, it's an election year, and it's dog eat dog: Talk focuses on SEAMUS, GOP candidate Mitt Romney's Irish setter. The pooch is long departed, but the image of him strapped to the roof of the family car, suffering gastric distress, is too much for many dog lovers to stomach (sorry) and will continue to dog Romney (sorry) for some time. Romney supporters, meanwhile, point out that Barack Obama sampled dog meat as a child.


MAY:


The weather's getting warm, and certain phrases are fast becoming ingrained into our consciousness. One of them is "Call Me Maybe"; Carly Rae Jepsen's dangerously catchy tune hits No. 1 on iTunes. Another is "Fifty Shades of Grey." The so-called "Mommy Porn" trilogy — the publishing sensation of the year — is banned by some public libraries due to its steamy content.


JUNE:


"Call Me Maybe" hits No. 1 on the Billboard chart. But let's dedicate the month to NORA EPHRON, the author, filmmaker and essayist whose searing wit put her in a class of her own. Her death at age 71 brings a flood of tributes. And rarely does a secretary of state make it onto our pop culture radar, but let's welcome HILLARY RODHAM CLINTON, ever more popular, who wears green-and-purple cat-eye sunglasses this month to swear in a purple-loving public servant. (By now she's famous for her shades-wearing power texting, the subject of an Internet meme.) She apologizes for not wearing a purple pantsuit; it's the only color she doesn't own, she quips.


JULY:


Who'd have thought the cheesy words "Hey, Sexy Lady" would go so far? South Korean singer PSY's video of his song "Gangnam Style," emerges this month and the rest is history — it will become the most watched YouTube clip of all time. At the London Olympics, young athletes like the ebullient gymnast GABBY DOUGLAS and swimmer MISSY FRANKLIN, both 17, shine, but MICHAEL PHELPS — now 27 — still shows fellow swimmers how it's done, and 70-year-old SIR PAUL McCARTNEY delivers a soulful "Hey Jude" at the opening ceremony. Meanwhile, QUEEN ELIZABETH II gamely participates in a sketch in which she parachutes into the stadium.


AUGUST:


Fifty years ago this month, MARILYN MONROE died, and look how a '50s icon has become a 21st-century phenom. Her platinum locks, slightly parted ruby lips, and curvy, clinging styles are copied by actresses and singers from MADONNA to TAYLOR SWIFT to LINDSAY LOHAN to RIHANNA to NICOLE KIDMAN. And there are a slew of Marilyn-themed enterprises on the horizon. Meanwhile, crusty CLINT EASTWOOD, 82, makes our night at the GOP convention with his infamous "empty chair" chat with President Obama. It becomes one of the enduring moments of the campaign, if also the most puzzling.


SEPTEMBER:


The most uninhibited person on the planet is now officially DUNHAM, who gets naked at the Emmys — she sits naked on a toilet and eats a birthday cake, to be precise, in an opening skit. At the MTV Video Music Awards, the boy band One Direction makes its mark as a new teen-girl obsession. But look who's also making waves: BILL CLINTON, 66, who rocks the Democratic Convention with an energetic speech that shows he can still inspire the masses. As for little SASHA and MALIA OBAMA, the country does a double-take; in four years they've become two mature and fashionable young women.


OCTOBER:


Binders full of women! Big Bird! Malarkey! Debate season is on, so let the instant memes begin. This is the first election where you could have followed the debates purely via Twitter. Surprise, DUNHAM's in the news again — and let no one doubt the value of pop-culture prominence, however ephemeral: Her new book deal with Random House is reportedly worth more than $3.5 million. But let's hear it for another 50th birthday: Edward Albee's "Who's Afraid of Virginia Woolf?" is back on Broadway exactly a half-century after it first premiered, and it's getting some of the best notices of the season.


NOVEMBER:


BOND. JAMES BOND. Embodied by the tough and chiseled DANIEL CRAIG, the world's most famous British spy is in better shape than ever as the franchise marks its 50th anniversary with "Skyfall," regarded by many as one of the best Bond films. Another iconic image doesn't fare so well: Lohan's turn as Liz Taylor in a new TV film is pilloried. Sometimes the original just shouldn't be touched. And hail to the first statistician to achieve pop-culture cred: Blogger NATE SILVER scores with his spot-on predictions of the election's outcome. And we must mention the oldest pop-culture hero of the year: ABRAHAM LINCOLN is back, courtesy of STEVEN SPIELBERG's movie and a typically mesmerizing performance by DANIEL DAY-LEWIS.


DECEMBER:


As the year ends, the world is abuzz with news of a royal pregnancy. Soon, a baby will be one of the biggest celebrities in the world. But for now, let's give a shoutout to the ROLLING STONES, whose average age is 68-plus, slightly older than the average Supreme Court justice. In five concerts marking their 50th year as a rock band, the grizzled foursome shows the world they still have the power to rock huge arenas (at huge prices), and upstage celebrity guests like LADY GAGA with their own charisma. Along with aging rockers McCARTNEY, SPRINGSTEEN, THE WHO and PINK FLOYD, they dominate a televised benefit for storm victims. As for MICK JAGGER, who at 69 hasn't lost any of those "moves like Jagger," we can only say, to paraphrase the famous movie line: "We'll have what he's having."


Read More..

Boehner: Blame tax hikes on Obama













John Boehner


US Speaker of the House John Boehner speaks on the "fiscal cliff" during press conference Wednesday.
(Reuters / December 19, 2012)




















































President Barack Obama will be responsible for taxes rising on Americans if he does not "get serious" about a balanced deficit reduction plan or demand Senate passage of a Republican bill to prevent tax increases on all income below $1 million, House Speaker John Boehner charged on Wednesday.

"Tomorrow the House will pass legislation to make permanent tax relief for nearly every American," Boehner said in a short on-camera statement.


"Then the president will have a decision to make. He can call on the Senate Democrats to pass that bill, or he can be responsible for the largest tax increase in American history."







Read More..

Chicago prison inmates used bedsheets to escape: official

Chicago Tribune reporter Rosemary Regina Sobol has the latest details of two convicted bank robbers who escaped from the Metropolitan Correctional Center in downtown Chicago early this morning. (Posted on: Dec. 18, 2012.)









Two convicted bank robbers escaped from the federal Metropolitan Correctional Center in the Loop this morning by tying bedsheets together and shimmying down at least 15 stories to the ground below, officials say.

Joseph "Jose" Banks and Kenneth Conley were somehow able to climb out of the narrow slit of a window in the cell they shared and make their way down the south face of the federal jail, the spokesman said.


“A rope was fashioned out of bedsheets,’’ said a spokesman for the MCC. “I would imagine that they saved them up."


Conley and Banks, known as the Second-Hand Bandit who was convicted just last week, were discovered missing from their cell at the federal jail at 71 W. Van Buren St. around  8:45 a.m., according to Central District Police Sgt. Michael Lazzaro. The inmates were last checked at 5 a.m., he said.








The makeshift rope could be seen dangling along the south side of the MCC.


The MCC spokesman declined to say whether any guards were under investigation or whether anything was smuggled into them or how the narrow cell window was widened.


Hours after the escape, SWAT teams forced their way into a Tinley Park house where a relative of Conley is believed to live. But no one was found inside, and FBI officials said they believe Conley and Banks had been there hours earlier.


The SWAT officers left the home after about 20 minutes and walked down the street with dogs as neighbors followed, taking pictures with their phones. About two blocks down, the officers searched the Metra stop.

A woman who answered at the home of a relative of Conley said it was "very upsetting for everyone" and declined further comment.


Banks’ cousin, Theresa Ann Banks, pleaded for Banks to turn himself in.

“I just don’t want to see him get hurt or killed,” she said with a shaky voice. “(The family) is trying to hold themselves together. We just have to have faith in God and hope everything goes right.”

Theresa Ann Banks said she received a call about the escape from Banks' father, who heard about it on the news.

When Joseph Banks was arrested in 2008, Theresa Ann Banks said she visited him whenever she had a chance. “When I went to see him, he was calm, he was humble, he was happy to see me,” she said. “He was very positive every time I would go.”


Banks was described as black, 37, 5 feet 8 inches tall and weighing 160 pounds. Conley is white, 38, 6 feet and 185 pounds.


Banks, known as the Second-Hand Bandit, was convicted last Thursday of two bank robberies and two attempted holdups. He made off with a nearly $600,000 in the heists, and authorities say $500,000 is still unaccounted for.


Banks was an aspiring clothing designer who claimed to be a "sovereign citizen" who could not be tried in a federal court. He acted as his own attorney and had to be restrained during his trial.


During closing arguments, Banks repeatedly interrupted Assistant U.S. Attorney Renato Mariotti, commenting on the evidence and suggesting photo lineups were rigged. Mariotti raised his voice over the interruptions to remind the jury of the evidence at trial, including $40,000 found in Banks' safe deposit box as well as a fake beard he wore in the robberies.


Security footage played for jurors showed Banks jumping bank counters and wielding a handgun as he ordered employees to open vaults and ATMs at the banks. In one video, a bank worker was shown hyperventilating on the floor of a cash room, clutching his chest and neck.


One day during his trial, Banks had to be restrained to keep him from leaving the courtroom. He had fired his attorneys, so Judge Rebecca Pallmeyer told him he had to stay in court.

Banks eventually agreed to sit still. As the security staff wheeled him into a room to release him from the chair, he called out: "I feel like I'm Hannibal Lecter or something."

Security was beefed up when the jury reached its decision, with 10 deputy U.S. marshals in the courtroom when the guilty verdict was read.

"I'll be seeking retribution as well as damages," he told U.S. District Judge Rebecca Pallmeyer.

Read More..

Samsung drops attempt to ban Apple sales in Europe


STOCKHOLM (Reuters) - Korea's Samsung Electronics on Tuesday said it would drop law suits aimed at banning the sale of Apple Inc. products in Europe just a day after scoring a victory in a battle in the United States with the maker of iPhones.


Samsung and Apple, the world's top two smartphone makers, have been locked in patent disputes in at least 10 countries over the last 18 months since Apple sued Samsung, saying the Korean firm copied its best-selling iPhone and iPad.


On Tuesday, Samsung said it was dropping an attempt to stop the sale of some Apple products in Germany, Britain, France, Italy and the Netherlands, though it did not say it would halt its court battle for compensation.


"Samsung remains committed to licensing our technologies on fair, reasonable and non-discriminatory terms, and we strongly believe it is better when companies compete fairly in the marketplace, rather than in court," the company said in a statement.


A spokesman for Apple declined to comment on Samsung's decision.


The decision comes a day after a judge rejected Apple Inc's request for a ban on the sale of Samsung Electronics' smartphones in the United States.


In August, Apple was awarded $1.05 billion in damages after a U.S. jury found Samsung had copied critical features of the iPhone and iPad. The Samsung products run on the Android operating system, developed by Google.


In January, the European Commission opened an investigation into whether Samsung Electronics has distorted competition in the European mobile device market, breaking EU antitrust rules.


(Reporting by Simon Johnson, additional reporting by Paul Sandle; Editing by Louise Heavens)



Read More..

A&M's Johnny Football is AP's Player of the Year


Johnny Manziel ran for almost 1,700 yards and 30 touchdowns as a dual-threat quarterback his senior year of high school at Kerrville Tivy.


Who would have thought he'd be even more impressive at Texas A&M when pitted against the defenses of the Southeastern Conference?


On Tuesday, Manziel picked up another major award for his spectacular debut season. He was voted The Associated Press Player of the Year. As with the Heisman Trophy and Davey O'Brien Award that Manziel already won, the QB nicknamed Johnny Football is the first freshman to collect the AP award.


Manziel's 31 votes were more than twice that of second place finisher Manti Te'o, Notre Dame's start linebacker. He is the third straight Heisman-winning quarterback to receive the honor, following Robert Griffin III and Cam Newton.


Manziel erased initial doubts about his ability when he ran for 60 yards and a score in his first game against Florida.


"I knew I could run the ball, I did it a lot in high school," Manziel said in an interview with the AP. "It is just something that you don't get a chance to see in the spring. Quarterbacks aren't live in the spring. You don't get to tackle. You don't get to evade some of the sacks that you would in normal game situations. So I feel like when I was able to avoid getting tackled, it opened some people's eyes a little bit more."


The 6-foot-1 Manziel threw for 3,419 yards and 24 touchdowns and ran for 1,181 yards and 19 more scores to help the Aggies win 10 games for the first time since 1998 — and in their inaugural SEC year, too.


Ryan Tannehill, Manziel's predecessor now with the Dolphins after being drafted eighth overall this season, saw promise from the young quarterback last year when he was redshirted. But even he is surprised at how quickly things came together for Manziel.


"It's pretty wild. I always thought he had that playmaking ability, that something special where if somebody came free, he can make something exciting happen," Tannehill said. "I wasn't really sure if, I don't think anyone was sure if he was going to be able to carry that throughout an SEC season, and he's shocked the world and he did it."


After Manziel sat out as a redshirt in 2011, Texas A&M's scheduled season-opener against Louisiana Tech this year was postponed because of Hurricane Isaac. That left him to get his first taste of live defense in almost two years against Florida.


He responded well, helping the Aggies race to a 17-7 lead early using both his arm and his feet. The Gators shut down Manziel and A&M's offense in the second half and Texas A&M lost 20-17.


But Manziel's performance was enough for Texas A&M's coaching staff to realize that his scrambling ability was going to be a big part of what the Aggies could do this season.


"The first half really showed that I was a little bit more mobile than we had seen throughout the spring," Manziel said. "Me and (then-offensive coordinator) Kliff Kingsbury sat down and really said: 'Hey we can do some things with my feet as well as throwing the ball.' And it added a little bit of a new dimension."


Manziel knew that the biggest adjustment from playing in high school to college would be the speed of the game. Exactly how quick players in the SEC were was still a jolt to the quarterback.


"The whole first drive I was just seeing how fast they really flew to the ball and I felt like they just moved a whole lot faster," he said of the Florida game. "It was different than what I was used to, different than what I was used to in high school. So it was just having to learn quick and adjust on the fly."


He did just that and started piling up highlight reel material by deftly avoiding would-be tacklers to help the Aggies run off five consecutive wins after that.


His storybook ride hit a roadblock when he threw a season-high three interceptions in a 24-19 loss to LSU. But Manziel used it as a learning experience, taking to heart some advice he received from Kingsbury.


"He just told me to have a plan every time, before every snap," Manziel said. "Make sure you have a plan on what you want to do and where you want to go with the ball."


"I feel like as the year went on, I just learned the offense more and knew exactly where I wanted to go, instead of maybe evading the blitz and just taking off running for the first down instead of hitting a hot route or throwing it underneath to an open guy and doing things a lot simpler and cleaner."


The Aggies and Manziel rebounded from the loss to LSU by winning their last five games, highlighted by their stunning 29-24 upset of top-ranked Alabama on Nov. 10.


By the time Manziel wrapped up a 253-yard passing and 92-yard rushing performance to lead Texas A&M to the victory in Tuscaloosa, you could hardly call him a freshman anymore.


"You keep growing and growing every week," he said. "By the time I played Alabama I had a much better grasp of the game than I did in the first one."


The 4,600 yards of total offense Manziel gained in 12 games broke the SEC record for total yards in a season. The record was previously held by 2010 Heisman winner Newton, who needed 14 games to pile up 4,327 yards. The output also made him the first freshman, first player in the SEC and fifth player overall to throw for 3,000 yards and run for 1,000 in a season.


Manziel, who turned 20 two days before taking home the Heisman, has been so busy he hasn't had a second to step back and digest the historical significance of his accomplishments this season.


He's far more concerned with helping the Aggies extend their winning streak to six games with a win over Oklahoma on Jan. 4 in the Cotton Bowl.


"I think it will happen after the bowl game and after the season is completely over," he said. "I'm just ready for it to die down a little bit and get back into a practice routine where we get better and hopefully do what we want to do in the bowl game."


He'll have to do it without his mentor Kingsbury, who left A&M last week to become coach at Texas Tech, where he starred at quarterback not that long ago. Manziel said is happy Kingsbury got to return to his alma matter, but is still adjusting to the idea of playing without him.


"I'm the happiest guy on the face of the earth for him," Manziel said, speaking from California where he appeared on the "Tonight Show" Monday evening. "I think he deserves it with how hard he's worked this year to get us where we were. It's bittersweet though, because I'd like him to be here for the entire time that I'm here."


Manziel is eager to get back on the field for the Cotton Bowl and is focused on helping the offense pick up where it left off in the regular-season finale.


"Even though Kliff Kingsbury's not here anymore, we just need to continue to get better and do what we do," Manziel said. "Push tempo, go fast and be the high-flying offense that we have been all year."


_____


AP Sports Writer Steven Wine contributed to this story from Miami.


Read More..

Ben Stiller’s Red Hour sells two more comedies to ABC Studios






LOS ANGELES (TheWrap.com) – Ben Stiller‘s Red Hour Television is continuing to pump out comedies for ABC Studios.


Following the sale of “Complikated” in October, the production company has sold network’s production division two new series – “You’re Not Doing It Right” and “Between Two Kings” – a rep for Red Hour told TheWrap on Monday.






Comedian Michael Ian Black writes, stars and produces in the former, a half-hour single-camera comedy based on his book of the same name that explores his childhood, marriage, children and career. Set “in the wilds of Connecticut,” the show takes a hard look at what happens when you wake up, look around and don’t recognize the life you’re living as your own, Red Hour said.


“Between Two Kings” is written and executive-produced by Jeff Kahn, who has written for series like “Drawn Together” and “The Ben Stiller Show.” It follows the hardships of a divorced father raising an 11-year-old son while living in his elderly father’s home.


Both are being executive-produced by Stiller, along with Red Hour’s Debbie Liebling and Stuart Cornfeld.


Since signing an overall deal with ABC Studios at the end of 2011, Red Hour also has sold “Please Knock,” written by Kevin Napier, and “The Notorious Mollie Flowers,” written by Adam Resnick.


The sale of “You’re Not Doing It Right” and “Between Two Kings” were first reported by Deadline.


TV News Headlines – Yahoo! News





Title Post: Ben Stiller’s Red Hour sells two more comedies to ABC Studios
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..