"Day after day, year after year, these defendants told an avalanche of different lies that allowed Madoff to steal billions from investors," said Assistant U.S. Attorney John Zach, adding that each of the five played a "crucial role" and told a "staggering" number of lies that enabled the investment advisory business fraud to run for decades.
The former co-workers acted out of "greed," argued Zach, who highlighted prosecution evidence showing they collectively received tens of millions of dollars in salaries, bonuses, purported trading profits and other unmerited perks.
Top 5 Specialty Retail Companies To Invest In 2015: Blount International Inc (BLT)
Blount International, Inc. (Blount) is a global industrial company. The Company designs, manufactures, and markets equipment, replacement and component parts, and accessories for professionals and consumers. The Company operates in two segments: Forestry, Lawn, and Garden (FLAG) segment and Farm, Ranch, and Agriculture (FRAG). It also manufactures and markets such items to original equipment manufacturers (OEMs) under private label brand names. The Company specializes in manufacturing cutting parts and equipment used in forestry, lawn and garden; farming, ranching, and agricultural, and construction applications. Blount also purchases products manufactured by other suppliers that are aligned with the markets it serves and markets them, under one of its brands, through its global sales and distribution network. Its products are sold in over 115 countries and approximately 63% of the Company�� sales were made outside of the United States during the year ended December 31, 2011. It has manufacturing operations in the United States, Brazil, Canada, China, France, and Mexico. In addition, it operates marketing, sales, and distribution centers in Asia, Europe, North America, and South America.
On March 1, 2011, through its indirect wholly owned subsidiary Blount Netherlands B.V. (Blount B.V.), the Company acquired KOX GmbH and related companies (collectively KOX), a Germany-based direct-to-customer distributor of forestry-related replacement parts and accessories, primarily serving professional loggers and consumers in Europe. On August 5, 2011, through Blount Holdings France SAS, it acquired Finalame SA, which included PBL SAS and related companies (collectively PBL). On September 7, 2011, through its indirect wholly owned subsidiary SP Companies, Inc., the Company acquired GenWoods HoldCo, LLC and its wholly owned subsidiary, Woods Equipment Company (collectively Woods/TISCO). Woods/TISCO is a manufacturer and marketer of tractor attachments, implements, and replacement parts, primarily for! the agriculture, ground maintenance, and construction end markets.
Forestry, Lawn, and Garden Segment
The FLAG segment, manufactures and markets cutting chain, guide bars, and drive sprockets for chain saw use, and lawnmower and edger blades for outdoor power equipment. The FLAG segment also purchases replacement parts and accessories from other manufacturers and markets them, primarily under its brands, to its FLAG customers through the Company�� global sales and distribution network. The FLAG segment includes the operations of the Company that has served the forestry, lawn, and garden markets, as well as Carlton, KOX, and a portion of the PBL business. Its Forestry Products are sold under the Oregon, Carlton, KOX, Tiger, and Windsor brands, as well as under private labels for some of its OEM customers. Manufactured product lines include a range of cutting chain, chain saw guide bars, and cutting chain drive sprockets used on portable gasoline and electric chain saws and on mechanical timber harvesting equipment. The Company also purchases and markets replacement parts and other accessories for the forestry market, including small chain saw engine replacement parts, safety equipment and clothing, lubricants, maintenance tools, hand tools, and other accessories used in forestry applications. In 2011, the Company marketed a line of cordless electric chain saws under the Oregon PowerNow brand.
Blount�� lawn and garden products are sold under the Oregon and PBL brand names, as well as private labels for some of its OEM customers. Manufactured product lines include lawnmower and edger cutting blades designed to fit a variety of machines and cutting conditions. It also purchases and markets various cutting attachments, replacement parts, and accessories for the lawn and garden market, such as cutting line for line trimmers, air filters, spark plugs, lubricants, wheels, belts, grass bags, maintenance tools, hand tools, and accessories to service the lawn and garde! n equipme! nt industry. Its FLAG products are sold under both its own brands and private labels to OEMs for use on new chain saws and lawn and garden equipment, and to professionals and consumers as replacement parts through distributors, dealers, direct sales companies, and mass merchants. During 2011, approximately 21% of the FLAG segment�� sales were to OEMs, with the remainder sold into the replacement market.
The Company competes with Ariens, Briggs & Stratton, Fisher Barton, Husqvarna, Jaekel, John Deere, MTD, Northern Tool, Rotary, Stens, Stihl and TriLink.
Farm, Ranch, and Agriculture Segment
The Company�� FRAG segment manufactures and markets attachments and implements for tractors in a variety of mowing, cutting, clearing, material handling, landscaping and grounds maintenance applications, as well as log splitters, post-hole diggers, self-propelled lawnmowers, attachments for off-highway construction equipment applications, and other general purpose tractor attachments. In addition, the FRAG segment manufactures a variety of attachment cutting blade parts. The FRAG segment also purchases replacement parts and accessories from other manufacturers that the Company markets to its FRAG customers through its sales and distribution network. The FRAG segment includes the operations of SpeeCo, Woods/TISCO, and a portion of the PBL business.
Its equipment and tractor attachment products are sold under the Alitec, CF, Gannon, Oregon, PowerPro, SpeeCo, WainRoy, and Woods brand names, as well as under private labels for some of its OEM and retail customers. Product lines include attachments for tractors in a variety of mowing, cutting, clearing, material handling, landscaping and grounds maintenance applications, as well as log splitters, post-hole diggers, self-propelled lawnmowers, snow blowers, attachments for off-highway construction equipment applications, and other general purpose tractor attachments. OEM and aftermarket parts are sold under the PBL, Sp! eeCo, TIS! CO, Tru-Power, Vintage Iron, and WoodsCare brand names, as well as under private labels for some of its OEM customers. The FRAG segment manufactures a variety of attachment cutting blade component parts sold to OEM customers for inclusion in original equipment, and as replacement parts. The FRAG segment also markets replacement parts and accessories purchased from other manufacturers, including tractor linkage, electrical, engine and hydraulic replacement parts, and other accessories used in the agriculture and construction equipment markets.
The Company competes with Alamo Group, Champion, Doosan, Dover, Great Plains, Hope Haven, John Deere, Koch Industries, MTD, Swisher, A&I, Herschel, Kondex, Rasspe, SMA and Sparex.
Concrete Cutting and Finishing Products
The Company operates a business in the specialized concrete cutting and finishing market. These products are sold primarily under the ICS brand. The principal product is a diamond-segmented chain, which is used on gasoline and hydraulic powered concrete cutting saws and equipment. It also markets and distributes gasoline and hydraulic powered concrete cutting chain saws to its customers, which include contactors, rental equipment companies, and construction equipment dealers primarily in the United States and Europe. The power heads for these saws are manufactured by a third party.
The Company competes with Husqvarna and Stihl.
Advisors' Opinion:- [By Tom Stoukas]
A gauge of basic-resources shares was the second-worst performer on the Stoxx 600. Rio Tinto and BHP Billiton Ltd. (BLT), the world�� largest mining companies, lost 4.5 percent to 2,674.5 pence and 4.6 percent to 1,728.5 pence, respectively.
- [By Corinne Gretler]
BHP Billiton (BLT) dropped 3.4 percent to 1,779 pence. Output of iron ore, its biggest earner, was 40.2 million metric tons in the three months to March 31, missing the median estimate of 42.3 million tons in a Bloomberg survey.
- [By Corinne Gretler]
BHP Billiton Ltd. (BLT) rose 4.1 percent to 1,950.5 pence after the world�� largest mining company upgraded its projection for full-year iron-ore production to 212 million tons from its earlier forecast of 207 million tons.
Top 5 Heal Care Stocks To Own For 2014: NewLink Genetics Corp (NLNK)
NewLink Genetics Corporation (NewLink), incorporated on June 4, 1999, is a development-stage company. The Company is a biopharmaceutical company focused on discovering, developing and commercializing immunotherapeutic products for cancer treatment. Its portfolio includes biologic and small-molecule immunotherapy product candidates focused to treat a range of oncology indications. Its product candidate, HyperAcute Pancreas cancer immunotherapy (HyperAcute Pancreas), is being studied in a Phase-III clinical trial in surgically-resected pancreatic cancer patients that is being performed under a Special Protocol Assessment (SPA), with the United States Food and Drug Administration (FDA). It has three additional product candidates in clinical development, including its HyperAcute Lung cancer immunotherapy (HyperAcute Lung), which is being studied in a Phase-I/II clinical trial conducted at the National Cancer Institute (NCI), and its HyperAcute Melanoma cancer immunotherapy (HyperAcute Melanoma), which is being studied in an investigator-initiated Phase-II clinical trial.
The Company�� HyperAcute product candidates are based on its HyperAcute immunotherapy technology, which is designed to stimulate the human immune system. It is also conducting small-molecule based research and development to produce new drugs capable of breaking the immune system's tolerance to cancer through inhibition of the indoleamine-(2,3)-dioxygenase (IDO), pathway. It is engaged in the study of IDO pathway inhibitor product candidate, d-1-methyltryptophan (D-1MT), in collaboration with the NCI, in two Phase 1B/II clinical trials.
HyperAcute Cancer Immunotherapy Product Candidates
In May 2010, the Company initiated Phase-III clinical trial for HyperAcute Pancreas. Its second product candidate, HyperAcute Lung, is in a Phase I/II clinical trial that is enrolled with 54 patients for the treatment of refractory, recurrent or metastatic nonresectable non-small cell lung cancer (NSCLC). Its Hyper! Acute Melanoma product candidate is being studied in an investigator-initiated, fully enrolled 25 patient Phase-II clinical trial for the treatment of advanced melanoma.
HyperAcute Cancer Immunotherapy Technology
The Company�� HyperAcute immunotherapies operate by exploiting a natural barrier present in humans that protects against infection being transmitted from other mammals. This barrier is related to the enzyme, alpha (1,3) galactosyl transferase, which is expressed in the cells of lower mammals. The presence of this enzyme results in the expression of a non-human form of carbohydrate called alpha (1,3) galactosyl carbohydrates (a-Gal), on the surface of affected cells. Its HyperAcute immunotherapy product candidates are composed of irradiated, live, allogeneic human cancer cells modified to express the gene that makes a-Gal epitopes. This exposure to a-Gal stimulates the human immune system to attack and destroy the immunotherapy cells on, which a-Gal is present by activating complement.
IDO Pathway Inhibitor Product Candidate
The Company is developing D-1MT, a small-molecule, orally bioavailable product candidate designed to inhibit the IDO pathway. In preclinical models, IDO pathway inhibitors have shown anti-tumor effects in combination with radiotherapy, chemotherapy, targeted therapy or immunotherapy. Through its collaboration with the NCI, it is studying D-1MT in two Phase 1B/II safety and efficacy clinical trials in various chemotherapy and immunotherapy combinations. One clinical trial combines D-1MT with an Ad-p53 autologous dendritic cell vaccine for solid malignancies with p53 mutations, such as lung, breast and colon cancers. The other clinical trial involves the combined use of D-1MT and Taxotere for patients with advanced stage solid tumors, for which Taxotere is the standard-of-care treatment, such as metastatic breast, prostate, ovarian and lung cancers.
Advisors' Opinion:- [By Jayson Derrick]
NewLink Genetics (NASDAQ: NLNK) announced that it will discontinue the phase 3 IMPRESS clinical trial of algenpantucel-L for patients with pancreatic cancer. The company intends to regroup and ��athering additional, more mature data in support of our mission to provide improved treatment options for patients with pancreatic cancer.��Shares fell 16.20 percent, closing at $31.60.
- [By Ben Rooney]
NewLink Genetics (NLNK) is working with the World Health Organization and other agencies on an Ebola vaccine. Its shares have surged 57% in the past month.
- [By Ben Levisohn]
Biotech companies that are most likely to benefit because they are “Ahead in clinical development and/or have established relationships with [the Biomedical Advanced Research and Development Authority, or] BARDA which may facilitate getting a contract” include GlaxoSmithKline (GSK), NewLink Genetics (NLNK), Johnson & Johnson (JNJ) and Chimerix (CMRX). Kantor includes Tekmira�(TKMR) and Sarepta (SRPT) among “companies with viable programs” that are “moving forward and likely to attract additional funding.”
Top 5 Heal Care Stocks To Own For 2014: Sterling Consolidated Corp (STCC)
Sterling Consolidated Corp., incorporated on January 31, 2011, is a holding company. The Company�� operations are conducted through its four subsidiaries: Sterling Seal & Supply, Inc. (Sterling Seal), ADDR Properties, LLC (ADDR), Q5 Ventures, LLC (Q5), and Integrity Cargo Freight Corporation (Integrity). The Company through its subsidiary, Sterling Seal engages primarily in the distribution and sale of O-rings, rubber seals, oil seals, custom molded rubber parts, custom Teflon parts, Teflon rods, O-ring cord, bonded seals, O-ring kits, and stuffing box sealant. The Company also owns real property through its subsidiaries ADDR and Q5. In addition, the Company�� subsidiary Integrity Cargo Freight Corporation (Integrity) is a freight forwarding business. In September 2013, the Company announced the acquisition of Superior Seals and Service in High Point, NC.
Sterling Seal sells directly to smaller distributors and original equipment manufacturers in need of seals. It offers a catalogue of standard sizes, and will take orders for special sizes not available in the standard catalogue. O-rings and the other products that Sterling Seal sells are used in a variety of industries, including automotive, pump, transmissions, oil and energy, machinery, and packaging. Integrity are primarily responsible for transporting products the Company order from its suppliers back to its warehouse in Neptune, NJ. After Sterling Seal confirms from its supplier that a product is ready to be picked up, Integrity Cargo is responsible for picking up the products and getting them to the dock and delivered to the Sterling Seal warehouse. ADDR owns a 28,000 square foot facility in Neptune, NJ. Q5 Ventures, LLC owns a 5,000 square foot facility in Apopka, Florida, which is used by Sterling Seal for its Florida operations.
Advisors' Opinion:- [By Peter Graham]
Small cap stocks Muscle Warfare International (OTCMKTS: MWAR), Portlogic Systems Inc (OTCMKTS: PGSY) and Sterling Consolidated Corp (OTCBB: STCC) were all the subject of a few paid promotions as recently as last week but they sure did not start the new week out right because all were sinking on Monday. So are these small cap stocks that are either the subject of promotions or investor awareness campaigns hot or not? Here is a quick reality check:
Top 5 Heal Care Stocks To Own For 2014: Tim Hortons Inc.(THI)
Tim Hortons Inc. develops, franchises, and operates quick service restaurants primarily in Canada and the United States. Its restaurants serve coffee and other hot and cold beverages, baked goods, sandwiches, soups, and other food products. As of April 03, 2011, the company and its restaurant owners operated 3,169 restaurants in Canada and 613 restaurants in the United States under the Tim Hortons name; and had 274 primarily self-serve licensed locations in the Republic of Ireland and the United Kingdom Tim Hortons Inc. was founded in 1964 and is based in Oakville, Canada.
Advisors' Opinion:- [By Rich Duprey]
Canadian restaurant chain�Tim Horton's� (NYSE: THI ) �declared today�its regular quarterly dividend of $0.26 per share, slightly higher than the $0.2534 per share it paid back in February.�
- [By MONEYMORNING.COM]
It appears that the move by Warren Buffett-backed Burger King Worldwide Inc. (NYSE: BKW) to buy iconic Canadian fast food chain Tim Hortons Inc. (USA) (NYSE: THI) and relocate to Canada to lower its corporate tax rate was the straw that broke the camel's back when it comes to tax inversion deals.
- [By WWW.DAILYFINANCE.COM]
Shuji Kobayashi/Getty Images | Your Monday morning just got a little more caffeinated. Today marks the annual celebration of National Coffee Day. In recognition of holiday, several national and regional chains will be offering free and heavily discounted fresh cups of joe. With big named retailers such as Dunkin' Donuts, Starbucks, Wawa and more giving away cups of their most popular blends, it's a promotion you won't want to miss. Here are 10 locations participating in National Coffee Day 2014: Peet's Coffee & Tea Get two coffees or espressos for the price of one when you shop at any Peet's Coffee & Tea nationwide locations Monday. Customers who buy anyone beverage will receive a second free drink of their choice for free as part of their Buy One, Get One & Give the Freshest Cup promotion. Peet's will also be offering free coffee and espresso samples all day long in celebration of the holiday. For those who prefer to brew a fresh cup of Peet's in the comfort of their own home, customers will also get $2 off a bag of 12-ounce or larger bag of Peet's fresh coffee. LaMar's Enjoy a free 12 cup of coffee with your doughnut when you visit participating Lamar's Donuts locations Monday. In recognition of the holiday, the retailer will be giving away free, freshly roasted 12-ounce cups of joe to all customers. Wawa If order to receive your free cup of joe from Wawa Inc. on National Coffee Day, customers are required to sign up at Wawa.com. By filing in an electronic voucher, customers will then by given one coupon for a free 16-ounce Wawa coffee to redeem on Sept. 29. Customers must be at 13 years of age or older to participate in the promotion. Krispy Kreme Doughnuts Forget the doughnuts, Krispy Kreme (KKD) is giving away free coffee. The offer is only valid for 12-ounce cups. Only one free drink per customer is permitted. In celebration of the holiday, their best-selling 12-ounce Mocha Latte and iced-coffee will be retailing at a special rate o
- [By Chad Fraser]
Tim Hortons (NYSE: THI) is Canada’s leading coffee chain, with 3,468 outlets in the country, as well as 807 in the U.S. and 29 in the Middle East.
No comments:
Post a Comment