Saturday, March 2, 2013

Logitech cuts 5 percent of core staff as part of its shift to mobile

Logitech cuts 5 percent of core staff as part of its shift to mobile

Logitech made clear in January that it was jettisoning weight in a bid to stem losses and focus on more successful technologies like mobile peripherals. Sadly, we're learning today that this also includes cutting jobs. The company is shedding 140 positions, or about 5 percent of its non-manufacturing workforce, as part of a streamlining plan that could save an extra $16 million to $18 million during Logitech's fiscal 2014. While there's no specific timeframe mentioned, it's suggested the layoffs will come quickly when the company may pay up to $14 million to address the cuts during its ongoing fourth quarter. Let's hope those affected land on their feet, and that the savings pay off in the long run.

[Image credit: Coolcaesar, Wikipedia]

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Source: Logitech

Source: http://www.engadget.com/2013/03/01/logitech-cuts-5-percent-of-core-staff/

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Friday, March 1, 2013

Mariah Carey Recruits Dream Producers For 2013 Album

'American Idol' judge has recruited Hit-Boy, The-Dream and more on her in-the works project.


Mariah Carey
Photo: Getty Images

Source: http://www.mtv.com/news/articles/1702904/mariah-carey-hit-boy-dream-produce-album.jhtml

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What All Homeowners Need to Know about Umbrella Insurance ...

Do you need insurance for your insurance? Technically, that is what umbrella insurance is ? additional coverage for your existing homeowner?s and automobile insurance policies. While this type of policy is not right for everyone, umbrella insurance is something that all homeowners should understand in case they reach a point where such a policy becomes prudent.

Umbrella insurance protects you in the event that your homeowner?s or auto insurance cannot cover the costs of an accident you are involved in. In an article entitled ?Umbrella Coverage for Preventing Your Ruin,? The New York Times paints the following scenario ? or rather ? nightmare, as Times writer Joseph Treaster put it.

?Your car skids. You crash into a Mercedes with a highly paid business executive at the wheel. He?s hurt so badly he cannot return to work. A jury awards him millions of dollars and you have to pay it.?

While the chances of this situation may be slim, if such an unfortunate day were to come, would you your assets be safe? If your homeowner?s or auto insurance policy in New Jersey cannot cover the costs of an accident, an umbrella insurance policy could save you from financial ruin. The difference an umbrella insurance policy can make in this situation could be the difference of keeping your life savings, keeping your home, and keeping your salary.

ABC Action News clarifies that while umbrella insurance is most commonly purchased by wealthy individuals, ?not-so-wealthy people also can benefit from the extra coverage if they own a home or condominium with a pool or trampoline, if they own a dog or if they have teenage drivers.?

In the past, umbrella policies were sometimes viewed as ?paranoia insurance.? But today, umbrella policyholders are simply facing the reality that we live in a ?lawsuit-happy society,? as one finance blogger David Bakke explains it. Umbrella insurance, in Bakke?s layman terms, can be viewed as ?lawsuit insurance.?

Umbrella policies are sold in $1 million increments. Since umbrella policies only go into effect when the underlying policies will not suffice, policyholders are required to have a certain amount of liability already in place with auto and homeowner?s policies.

There are a few ways to approach the decision of whether you should pursue an umbrella policy with an independent insurance broker in New Jersey. First, determine your net worth to see if it exceeds $1 million. Next, evaluate your lifestyle, including your place of residence, job, hobbies, and any other factors that increase your risk. Finally, decide how having an umbrella insurance policy in New Jersey will affect your peace of mind.

If are considering an umbrella insurance policy in New Jersey, contact one of our experienced agents here at Martin Financial Group, an independent insurance broker based in New Jersey, by calling 609-356-1500.

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Image via Telnov Oleksii / Shutterstock

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Personal Lines Property and Casualty Insurance underwritten by insurers not affiliated with Prudential. Availability varies by carrier and state.

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Source: http://blog.immartin.com/homeowners-insurance/what-all-homeowners-need-to-know-about-umbrella-insurance/

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Bob Woodward Has Now Picked the Most and Least Important Fights with a POTUS (Atlantic Politics Channel)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/288056092?client_source=feed&format=rss

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Thursday, February 28, 2013

Rosa Parks statue unveiled in US Capitol

President Obama and congressional leaders unveil a statue to honor civil rights leader Rosa Parks in the rotunda of the U.S. Capitol.

By Erin McClam, Staff Writer, NBC News

More than half a century after she refused to give up her seat on an Alabama city bus, Rosa Parks has an immovable place in the U.S. Capitol ? the first black woman to be honored with a statue there.

President Barack Obama and congressional leaders from both parties said at an unveiling Wednesday that the depiction was fitting: Parks is shown seated, hands clasped in front of her, eyes fixed forward.

?Rosa Parks? singular act of disobedience launched a movement,? Obama said. ?The tired feet of those who walked the dusty roads of Montgomery helped a nation see that to which it had once been blind.?

On Dec. 1, 1955, Parks, then a 42-year-old seamstress, broke the law by refusing to give up her seat to a white passenger on a packed bus. Her arrest touched off a yearlong boycott of the bus system, a turning point in the civil rights movement. In 1956, the Supreme Court banned segregation on public transportation.

Parks died in October 2005, at age 92, and would have turned 100 this month.

On Wednesday, Rep. James Clyburn, D-S.C., and the highest-ranking black member of Congress, called her ?the first lady of civil rights, the mother of the movement, the saint of an endless struggle.?

The statue?s unveiling took place on a day when memories of the civil rights struggle were not far from mind in Washington. Across the street, with Clyburn watching, the Supreme Court heard arguments on whether provisions of the Voting Rights Act of 1965 should stand. The act requires nine states, mostly in the South, to get federal permission to change voting rules.

Kevin Lamarque / Reuters

President Barack Obama and Speaker of the House John Boehner look at the statue of Rosa Parks after its unveiling in the Capitol in Washington on Wednesday.

The statue of Parks, 9 feet tall and in bronze, will be in Statuary Hall, where the House of Representatives met in the early 1800s. It is part of a collection of 100 in five locations in the Capitol.

Among the others in Statuary Hall are William Jennings Bryan and Daniel Webster. House Speaker John Boehner pointed out that the statue of Parks will be ?right in the gaze? of that of Jefferson Davis, president of the Confederacy. He said her unassuming presence should inspire people to ?draw strength from stillness.?

Parks was given the Presidential Medal of Freedom in 1996 and the Congressional Gold Medal in 1999, but Rhea McCauley, a niece, told The Associated Press before the unveiling that this honor would be different.

?The medal, you could take it, put it on a mantel,? she said. ?But her being in the hall itself is permanent.?

More than 50 of Parks? relatives had planned to attend the ceremony, and two of them, a niece and a longtime friend, helped Obama and congressional leaders yank down the shroud that covered the statue.

The sculptor was Eugene Daub of San Pedro, Calif.

?She seemed to me a very ? not shy, but modest. A very modest woman, and I wanted that to come through,? he told NBC News. ?That she wasn?t ever looking for attention or celebrity, but she was just doing what she had to do.?

Obama said that Parks? story is a reminder that ?we so often spend our lives as if in a fog, accepting injustice, rationalizing inequity? ? like the bus driver, he said, but also like the other passengers.

?Rosa Parks tells us there?s always something we can do,? he said.

President Obama joined Congressional leaders today on Capitol Hill to unveil a new statue of Rosa Parks. Sculptor Eugene Daub told NBC News how he felt creating the likeness of one of the most definitive characters in American history.

This story was originally published on

Source: http://usnews.nbcnews.com/_news/2013/02/27/17117035-strength-from-stillness-rosa-parks-statue-unveiled-in-us-capitol

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Justice Department says wins $1 billion Dow Chemical tax shelter case

WASHINGTON (Reuters) - The Justice Department said on Wednesday it has won a $1 billion tax shelter case against Dow Chemical Co that involved a Swiss partnership, Wall Street financial giant Goldman Sachs and international law firm King & Spalding.

The U.S. District Court for the Middle District of Louisiana "rejected two tax shelter transactions entered into by The Dow Chemical Company that purported to create approximately $1 billion in phony tax deductions," Justice said in a statement.

Chief Judge Brian Jackson also imposed penalties, the department said of the decision in the Baton Rouge court.

A Dow spokeswoman said in a statement that Dow sued the U.S. government for return of taxes paid for tax years 1993-2003.

"Dow paid all taxes at issue plus interest, but requested the U.S. District Court to agree that the taxes were wrongly assessed by the IRS," the spokeswoman said.

"Dow is disappointed by the trial court's decision ... we believe the opinion is not supported by the facts and applicable law. Dow is exploring all of its options, including appeal."

The Justice Department said the tax transactions were created by Goldman Sachs and King & Spalding and involved forming a partnership that Dow operated from its European headquarters in Switzerland.

Jackson wrote in his 74-page opinion that the government was correct to reject "the artificial tax benefits created by these schemes that were designed to exploit perceived weaknesses in the tax code and not designed for legitimate business reasons," according to the Justice Department.

Assistant U.S. Attorney General Kathryn Keneally of Justice's Tax Division said: "It is offensive to all taxpayers who pay their fair share when our largest corporations believe that they can claim hundreds of millions of dollars in tax deductions that are manufactured by abusive tax schemes."

Goldman Sachs could not immediately be reached for comment. A King Spalding spokesman declined to comment.

(Reporting by Patrick Temple-West in Washington, with Ernest Scheyder and Lauren LaCapra in New York; Editing by Kevin Drawbaugh)

Source: http://news.yahoo.com/justice-department-says-wins-1-billion-dow-chemical-220347437--sector.html

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Simon Cowell launches online talent contest

FILE - Simon Cowell arrives at the "American Idol" finale in this file photo dated Wednesday, May 26, 2010, in Los Angeles, USA. The impresarios Cowell's Syco Entertainment company on Thursday Feb. 28, 2013, has launched a year-long YouTube channel global online talent contest called You Generation, looking for talent in all kinds of arenas including musicians, photographers, makeup artists, magicians and chefs, with auditions in a different category of talent every two weeks and a grand final after one year. (AP Photo/Chris Pizzello, FILE)

FILE - Simon Cowell arrives at the "American Idol" finale in this file photo dated Wednesday, May 26, 2010, in Los Angeles, USA. The impresarios Cowell's Syco Entertainment company on Thursday Feb. 28, 2013, has launched a year-long YouTube channel global online talent contest called You Generation, looking for talent in all kinds of arenas including musicians, photographers, makeup artists, magicians and chefs, with auditions in a different category of talent every two weeks and a grand final after one year. (AP Photo/Chris Pizzello, FILE)

(AP) ? Simon Cowell has taken over television screens and radio airwaves around the world. Now he's taking aim at the Internet.

Cowell's Syco Entertainment empire and YouTube announced Thursday that they are launching "The You Generation," a global online talent contest that is seeking entries from people with "unconventional and original talents" ? from musicians and photographers to makeup artists, magicians and chefs.

Syco says the contest, which starts next month and is due to run for a year, will seek auditions in a different category of talent every two weeks. Entrants can upload their pieces on a dedicated YouTube channel, to be viewed by the public and judged by professionals associated with Syco.

There will be prizes ? exactly what they are has yet to be announced ? every fortnight and a grand prize at the end of the year.

Syco calls the initiative an experiment aimed at discovering new talent. It's the company's bid to tap the power of social media, which has launched millions of wannabe celebrities ? and some genuine stars, including Justin Bieber.

You Generation will be available in 15 languages and 26 countries around the world.

Syco is a joint venture between Sony Music and Cowell, the entertainment mogul who became a household name as an acerbic judge on TV talent shows. Syco's projects include the "X Factor" and "Got Talent" TV shows in the U.S. and Britain, and its music acts range from Susan Boyle to One Direction.

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Online: www.youtube.com/yougeneration

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2013-02-28-Britain-Simon%20Cowell/id-3385d5213fa440cba856c67499bf369e

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