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Source: http://www.battlecreekenquirer.com/article/20130803/SPORTS/308030038/1006/RSS02
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Monday, August 5, 2013
Employee arrested for taking $500,000 from Chester church
CHESTERFIELD, VA (WWBT)- A Hopewell woman is behind bars after police say she stole $500,000 from a church she worked for. Chesterfield police arrested 39-year-old Jerri Hunter, accusing her of embezzling money over a period of several years.
Harold Crowder, spokesman with Chester United Methodist Church, first thought the lack of funds may have been due to a weak economy, but it quickly grew into something more. Crowder says the church is trying to seek justice -?but with compassion.?
"One of the things, being a community in faith, we are in prayer for all of those whose lives have been disrupted by these events," said Crowder.
It's a chain of events Crowder has never seen in his 30-some years at Chester United Methodist - $500,000 stolen from an organization that thrives off its giving and faithful spirit, as any church would.
State Police arrested and charged Jerri Hunter Monday on 11 counts of felony embezzlement.? Chesterfield Police Lieutenant Steve Grohowski says more charges are pending.??
"The accountants have gone back a few years, but they're going to have to go all the way back to 2008 to really determine what the total amount is," said Grohowski.?
According to the church's spokesman, Hunter worked as the Financial Administrator since May of 2007. She was let go this May.?
It wasn't until after her termination, staff and volunteers grew suspicious of her money-handling.?Crowder says Hunter performed a number of roles including managing checking and credit card accounts and electronic transfers.??
That half-a-million dollar shortfall could have funded much-needed renovations and missions work locally and globally according to Crowder.
"All of those things were impacted by the reduction of funds that we had to work with," Crowder noted.??
Now the church is working with police and specialized accountants to go back through all the records to figure exactly how much is still missing.???
Crowder says Hunter was not a member of the church.? Staff cannot confirm if they performed a background check before she was hired.?Hunter is being held at Riverside Regional Jail without bond. She's due in court Monday.???
Copyright 2013 WWBT NBC12. All rights reserved
Source: http://chesterfield.nbc12.com/news/news/146473-employee-arrested-taking-500000-chester-church
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Saturday, August 3, 2013
New data leads to restated annual sales rates for U.S. auto sector
DETROIT (Reuters) - The U.S. auto industry's weaker-than-expected overall sales results for July disappeared on Friday after the federal government released updated data used to compute the annual sales rate each month.
The U.S. Bureau of Economic Analysis (BEA) on Friday released the recalculated seasonal factors used to compute the monthly sales pace, resulting in a rate for July of 15.8 million vehicles, according to research firm Autodata. That matched analysts' expectations, rather than falling short - as it looked on Thursday when the rate was 15.67 before the recalculation.
Analysts, who had warned the BEA recalculation could shift results by several tenths of a point, had said the July sales to individual consumers, also known as retail sales, remains strong.
The recalculation, which is done annually to adjust for variations like weather and holidays, affected all figures, resulting in changes for every month.
For instance, April had been the only month this year to fall below an annual sales rate of 15 million when it initially came in at 14.92 million. The rate for April now stands at 15.19, now making October 2012 the last month to fall below 15 million.
Industry executives have said they expect sales for the U.S. auto industry to finish the year between 15 million and 15.5 million vehicles, which would be up from 14.5 million last year.
July's updated sales rate follows June's recalculated 15.88 million rate. That gives the U.S. industry two consecutive months with a strong pace of sales as it heads toward the fall, when automakers typically release new models that lure buyers into showrooms.
(Reporting by Ben Klayman)
Source: http://news.yahoo.com/data-leads-restated-annual-sales-rates-u-auto-183630826.html
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Dell committee and buyout group close to deal: sources
By Eileen O'Grady and Poornima Gupta
ROUND ROCK, TEXAS / SAN FRANCISCO (Reuters) - Dell Inc's special committee and a group led by founder and Chief Executive Michael Dell are nearing a deal that dramatically increases the chances of his $24.6 billion buyout going through, two people familiar with the matter said on Friday.
The agreement, in exchange for a modification of rules for voting on the deal, would include a special dividend of 13 cents per share along with an offer increased by 10 cents per share to $13.75 per share and is expected to be announced shortly, the people said.
Dell shares were up about 5 percent at $13.60 before the opening bell.
The buyout vote, held under a new standard, would likely take place in early September, while the record date, which determines which shareholders are entitled to vote, would be reset from June 3 to sometime in August, one of the people said.
The new deal and delay in the voting date boost the buyout consortium in several ways.
Abstentions under the previous voting system counted as "no" votes, and with an estimated quarter of eligible shares not having been voted either way, that was a substantial hurdle to overcome. Under the new deal, shares that are not voted would be excluded from the tally.
A change in the record date by more than two months is also seen as enfranchising so-called arbitrage investors - hedge funds that bought Dell stock more recently to earn a few cents per share and would likely support the buyout.
Under the deal, Dell shareholders would also be entitled to three regular quarterly dividends of 8 cents per share totaling 24 cents, since the first deal with Michael Dell and Silver Lake was announced on February 5.
Dell shareholders are scheduled to convene for a third time in Round Rock, Texas, on Friday to vote on Michael Dell's original $13.65 per share buyout proposal, but this meeting will now be adjourned. The vote has already been delayed two more times, on July 18 and July 24.
Dell's founder and private equity firm Silver Lake want to take the company private, arguing that a painful restructuring can best be best performed away from stock market scrutiny.
But the battle over that deal has raged for months, adding further uncertainty about a company already shrinking along with a rapidly declining PC market.
The CEO, his advisers and proxy solicitors have gone back and forth with shareholders whose votes are needed to secure the deal. They've had some success, managing to get prominent investors such as BlackRock Inc and Vanguard onboard.
The Michael Dell-Silver Lake group said last week it would raise the offer to $13.75 per share if the voting rule was changed but the special committee rejected that offer earlier this week. The special dividend has now clinched a compromise.
Activist investor Carl Icahn, who views Michael Dell's offer of $13.65 as too low, has amassed an 8.7 percent stake in the company and is leading an opposing charge with Southeastern Asset Management Inc with an offer of their own.
Icahn has campaigned hard to get Dell to set a date for an annual shareholder meeting so he can put up his own slate of company directors.
On Thursday, he fired his latest broadside, suing Dell Inc and its board to block substantial changes to the CEO's buyout offer that would include changing the voting and record dates.
The company, created by Michael Dell in his dorm room in 1984 and which rapidly grew into a global market leader, is now a shadow of its former self.
Some investors, led by Icahn and Southeastern Asset Management, are convinced Dell still has time to transform itself as a public company into a dominant provider of business computing services.
Icahn has accused the company of resorting to "scare tactics" by disclosing bad news and dismal forecasts. Dell reported a 79 percent drop in profit for the latest quarter.
(Additional reporting by Greg Roumeliotis, Soyoung Kim and Nadia Damouni in New York and Sruthi Ramakrishnan in Bangalore. Writing by Edwin Chan. Editing by Andre Grenon, Ken Wills and Ted Kerr)
Source: http://news.yahoo.com/dell-shareholders-convene-third-time-buyout-battle-escalates-040142852.html
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Omate TrueSmart smartwatch has the guts of an Android phone - The Omate TrueSmar...
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Friday, August 2, 2013
Reference and Instruction Librarian - University of Maryland ...
University of Maryland University College (UMUC) seeks a full-time faculty member as a Reference and Instruction Librarian (Librarian 1). UMUC is one of 11 degree-granting institutions in the University System of Maryland (USM). Working adults, military personnel, and other students around the globe are achieving their academic goals through UMUC?s innovative educational options, including online instruction, accelerated academic programs, and classroom-based courses taught during the daytime, evenings, and weekends. Currently, more than 39,500 students attend UMUC nationally, and an additional 35,000 students attend UMUC at on site classes in more than 23 countries throughout the world; about 55,000 students are active duty military, veterans, and their families. In 2011, UMUC had over 234,000 online course enrollments.
SPECIFIC RESPONSIBILITIES INCLUDE:
- Provide basic and in-depth research assistance to UMUC students, faculty and staff in a variety of formats and provide subject matter expertise
- Teach information literacy skills and create and revise instructional materials as needed; collaborate with administration and faculty to add information literacy components to classes in the subject disciplines
- Perform liaison activities with faculty and administrators in The Undergraduate School and/or The Graduate School in support of Library resources and services and represent the UMUC Library on USMAI committees
- Participate in the Library?s Reference and Instruction projects including developing and designing Web-based learning objects to support academic programs
- Perform other job related duties as assigned
- All candidates must be willing to work onsite at the Academic Center in Largo, Maryland.? Relocation and travel expenses not covered by UMUC.
REQUIRED EDUCATION AND EXPERIENCE:
- Master of Library Science, Information Science, or similar degree from an ALA-accredited institution
- Library experience, preferably in an academic library setting
- Experience using technology in the delivery of reference and instruction
- Knowledge and experience in using research resources including databases, e-books, web sites, etc.
- Knowledge of information literacy trends, practices, and issues
- Knowledge of trends, practices, and issues in distance learning
- Ability to communicate both orally and in written formats
- Ability to work independently and as a member of a team
- Ability to work one night a week and a week-end day in rotation with other team members
UMUC ? an Equal Opportunity Employer. The University distributes an annual information report which includes campus security information that is available to prospective employees.
Effective April 1, 2013 and going forward, all stateside external hires that apply to and are accepted for a UMUC stateside staff or collegiate faculty position, will be subject to the satisfactory completion of a pre-employment background review.? This includes, but is not limited to, employment and education verification and criminal records check.
* This position is for a Librarian 1 Ranking with an estimated salary of $48-50,000 annually.
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