Source: http://the-gadgeteer.com/2012/01/24/shinnorie-custom-cases-review/
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Source: http://the-gadgeteer.com/2012/01/24/shinnorie-custom-cases-review/
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(Reuters) ? Video game publisher Trion Worlds has raised $85 million in a new round of funding as the privately held company aims to expand to Asia this year and launch new titles, CEO Lars Buttler told Reuters on Thursday.
Trion, which makes the Internet fantasy game "Rift," has now raised more than $185 million since it was founded five years ago. The company is eyeing the public markets, and could join the recent wave of gaming IPOs such as Nexon and Zynga, Buttler said in an interview.
Ontario Teachers' Pension Plan, one of Canada's largest pension fund administrators with $110 billion in assets, led the round of funding, while the European media conglomerate, Bertelsmann, also participated. Previous investors in Trion are some of the best known media companies such as Comcast and Time Warner.
Buttler declined to say how much the company is valued at with these new investments.
"Rift" the company's first title, which came out last year, generated $100 million in revenue in 10 months in 2011. Lars said the game is profitable and makes money from players who buy the game, pay monthly subscription fees and purchase virtual items.
The game will be coming out in South Korea between April and June and China at a later date.
Buttler said the funding will serve as the company's "warchest" and it may be used for an acquisition or to licence a game.
Rift competes with "World of Warcraft," Activision Blizzard's massive multiplayer game with 10.3 million players but which has been in decline.
So-called massive multiplayer games allow thousands of people to play simultaneously over the Internet.
Trion, which is based in Silicon Valley, is also working on a new shooter game called "Defiance" that will be released to coincide with a television show of the same name on the Syfy Channel.
(Reporting By Liana B. Baker; Editing by Bernard Orr)
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A financial plan from Flint's state-appointed emergency manager says city employee union contracts are currently under review for possible renegotiation.
The Flint Journal reports that the plan includes Michael Brown's suggestions for reducing the city's projected $11.3 million deficit. A copy of the plan was released to the public Tuesday.
According to the plan, Brown wants to cut costs through "negotiated union contracts, consolidation and shared services." His next steps include restructuring collective bargaining agreements and reorganizing departments.
Flint Mayor Dayne Walling said in a statement that the proposals "highlight the need for greater cooperation."
Brown was appointed last year. He has broad authority to make changes in the financially troubled city, including the power to oversee city government and toss out union contracts in some situations.
Source: http://www.wilx.com/home/headlines/Financial_Plan_Flint_Union_Contracts_Under_Review_137555138.html
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DUBLIN?? A famed entrepreneur who was once rated Ireland's richest person was declared bankrupt Monday as a bank pursues him for debts exceeding 2.1 billion euros ($2.7 billion).
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Lawyers for tycoon Sean Quinn withdrew his opposition to a Republic of Ireland bankruptcy order sought by the former Anglo Irish Bank, the reckless lender at the center of Ireland's calamitous property crash.
The bankruptcy judgment will force a thorough court investigation of Quinn's finances, which the bank hopes will reveal capital and assets that it can reclaim from Quinn, his wife and five children.
Quinn, 64, didn't attend Monday's court hearing. He issued a statement accusing the bank of pursuing "a personal vendetta" and declaring that the "judgment in no way improves Anglo's prospects of recovering money for the taxpayer."
Quinn had a reported 2007 net worth of 4.7 billion euros ($6 billion) but sank much of his fortune into Anglo months before the bank ? the most aggressive lender to Ireland's construction barons ? suffered crippling losses as the country's decade-long property bubble burst.
The Quinn family secretly built up to a 28 percent stake in Anglo shares using an ill-regulated financial instrument that hid the scale of their investment from other stockholders. As Anglo's share price plunged, Quinn says the bank encouraged his family to borrow hundreds of millions specifically to buy more Anglo stock, a charge the bank denies.
Ireland nationalized Anglo in 2009 to prevent its collapse, wiping out a Quinn family investment estimated at 2.8 billion euros. The government last year renamed Anglo as the Irish Bank Resolution Corp., or IBRC. Its bailout is expected to cost taxpayers 29 billion euros, a bill so great it overwhelmed Ireland's finances and forced the government last year to negotiate a humiliating loan pact with the European Union and International Monetary Fund.
Dublin Commercial Court Justice Elizabeth Dunne told Quinn's lawyer Gavin Simons that Quinn would have to appear in person in coming days to provide documents showing how much he's worth today.
Last week Quinn lost a Belfast legal battle to retain bankruptcy protection in the neighboring British territory of Northern Ireland. The judge there ruled that Quinn had misled a previous Belfast court that his main base of business was in Northern Ireland, rather than the Republic of Ireland.
"I never done a day's work from southern Ireland in my life," Quinn, who has lived for decades in the Republic of Ireland, insisted to reporters outside the Belfast court last week.
Dublin-based IBRC would have faced greater difficulty pursuing Quinn for debts in Northern Ireland. Quinn also could have returned to business within a year under U.K. bankruptcy law, whereas the Irish prevent bankrupts from holding company directorships for up to 12 years.
Quinn said the tougher Irish rules meant he would be too old ? 76 in the year 2024 ? to direct any new companies then.
"Anglo achieved their goal of ensuring that I will never create another job," he said of Monday's judgment.
Rags to riches
Quinn boasts one of Ireland's most celebrated rags-to-riches stories. He grew up on a border farm in Northern Ireland's County Fermanagh, left school barely literate at 14 and started his first construction-gravel business with a 100-pound ($150) bank loan.
Within three decades Quinn had transformed his quarry into a nationwide cement company. He built and bought luxury hotels, pubs, apartment complexes and commercial properties throughout Ireland, Britain, Eastern Europe and Asia; founded Ireland's third-largest insurance company; and took interests in glassworks, packaging and radiators.
In April 2011, IBRC seized ownership of his Irish-based Quinn Group, forced him and relatives off the board, and sold a majority stake in his insurance company to U.S. insurance company Liberty Mutual. In November, shortly after Quinn had secured a surprise bankruptcy-protection order in Belfast, the bank won Dublin court judgments totaling 2.16 billion euros ($2.7 billion) against Quinn.
A November affidavit from Quinn recorded he had less than 11,000 euros ($15,000) in cash in three bank accounts.
But the Quinns and IBRC are locked in several legal battles stretching from the British Virgin Islands to Cyprus over control of a commercial property empire spanning Britain, Russia, Ukraine, Turkey and India valued at more than 700 million euros.
The bank accuses Quinn of fraudulently shifting ownership of his foreign properties, including office blocks and shopping malls, to relatives and shell companies that remain under the Quinns' surreptitious control. The Quinns deny these charges.
His five children have filed a Dublin lawsuit against IBRC seeking to have the bulk of the family's Anglo borrowing voided on the grounds that the bank should never have lent them the money in the first place. They also are seeking to have IBRC return businesses to their ownership that were seized in April 2011.
Their lawsuit argues that Anglo misled them about the company's imminent danger of collapse and spurred them to commit market fraud by manipulating Anglo's share price. IBRC insists Anglo's loans to the Quinns were for much wider business reasons.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Source: http://www.msnbc.msn.com/id/46014885/ns/world_news-europe/
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Mark Wahlberg's action-thriller Contraband took control of the box office this weekend, while the latest Disney 3D re-release did relatively well and last weekend's champ crashed and burned in its second go around.
Giving off some good vibrations this weekend was Universal's Contraband, which opened with an estimated $24.1M this weekend from 2,863 playdates, for a per screen average of $8,418. Wahlberg is a surprisingly strong draw at the box office, with all of his wide releases over the last decade opening in the double digits. His box office history reminds me of a poor man's Denzel Washington, just without the accolades. Audiences dug the film as evidenced by its A- grade from Cinemascore.
Second place went to the 3D re-release Beauty and the Beast, which follows last year's huge re-release of The Lion King. Beast opened with $18.5M, according to estimates, for a per screen average of $7,044. It didn't quite reach the heights of The Lion King, which opened last September to $30.2M, but for a 20 year old film, it's still pretty strong, especially when you consider the 3D Blu-ray has been on sale for 3 months already. Beast also now holds the record for highest opening weekend for an animated film in January, taking down Hoodwinked from this weekend in 2006. If there's any company that knows how to milk their products for all they're worth, it's Disney. They've got Finding Nemo ready for 3D later this year.
Tom Cruise's latest impossible mission fell to number three this weekend, with Mission: Impossible - Ghost Protocol taking in $11.5M, according to estimates, a drop of 42% from last weekend. Its total now stands at $186.7M, with the $200M barrier ready to fall.
The musical notes of Joyful Noise opened in fourth place this weekend, with an estimated $11.3M, for a per screen average of a decent $4,148. Starring Dolly Parton and Queen Latifah, the film also received an A- from Cinemascore, meaning that it might have some legs over the next few weeks.
A franchise star arrived in the next spot. Robert Downey, Jr. (star of not one, but two current major franchises) landed in fifth place this week with Sherlock Holmes: A Game of Shadows which dipped 39% to an estimated $8.4M, bringing its cume to $170M after five weeks.
And the moment we've been waiting for... last weekend's shocking box office champ The Devil Inside completely collapsed in its second weekend tumbling 76.6% to an estimated $7.9M. The drop was one of the worst in box office history, which isn't surprising considering a) horror films generally are front-loaded and b) the reviews were downright horrible (which still may be too nice). Still, with a total take of $46.2M so far, Paramount is laughing all the way to the bank, and we can expect to see even more of these low budget, found footage films in the future.
Seventh place belonged to Craig, Daniel Craig and The Girl with the Dragon Tattoo which fell 40% to an estimated $6.8M, bringing its total up to $88M. Alvin and the Chipmunks: Chipwrecked followed in eighth place with an estimated $5.8M, a drop of 39% from last weekend, bringing its cume to $118.8M after five laps. Ninth place belonged to even more animals as the Steven Spielberg-directed War Horse brought in $5.6M, according to estimates, bringing its total up to $65.8M.
Meryl Streep's latest bid for a third Oscar, the Margaret Thatcher political drama The Iron Lady, did well in its nationwide expansion after two weeks of platform release. The Weinstein Co. title grossed an estimated $5.4M from 802 sites (up from 5) averaging a solid $6,716 per theater. It was almost identical to last weekend's expansion of another British political drama Tinker, Tailor, Soldier, Spy which debuted in 809 locations for a similar $6,772 average playing to an older upscale crowd.
The top ten films grossed an estimated $105.3M which was down 2% from last year when The Green Hornet opened in the top spot with $33.5M; and down 29% from 2010 when Avatar remained at number one with $42.8M in its fifth frame.
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Source: http://www.rottentomatoes.com/m/1924322/news/1924322/
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JACKSON, Miss. ? Former Mississippi Gov. William Waller Sr., who as a district attorney twice unsuccessfully prosecuted the man eventually convicted of killing civil rights leader Medgar Evers, has died. He was 85.
Waller's law office says he died Wednesday at a hospital. The Democrat served from 1972-76 ? a time when Mississippi governors were limited to one term.
Waller also served as district attorney in Hinds County in the 1960s and twice tried to get a conviction against Byron De La Beckwith for Evers' assassination. In 1994, prosecutor Bobby DeLaughter was able to secure a guilty verdict when blacks were able to serve on the jury.
Waller ran an unsuccessful campaign for governor in 1967 but turned things around in 1971.
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