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Wikinews interviews Chinese-American martial artist Alfred Hsing

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Tuesday, August 16, 2011

Alfred Hsing, a US martial artist with Chinese origins, besides having a long history of martial arts training in various styles, such as traditional kung fu, tae kwon do and karate, considers wushu – an athletic sport based on Chinese martial arts – as a form of art that pushes one’s physical limits and stimulates the mind at the same time. After having won the gold medal at the 10th World Wushu Championships, he became international movie star Jet Li’s personal assistant and went on to do stunts, action choreography, and land roles in movies.

Hungarian Wikinews contributor Teemeah has interviewed Alfred Hsing about his views on martial arts, life and Wikipedia.

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Category:May 27, 2010

? May 26, 2010
May 28, 2010 ?
May 27

Pages in category “May 27, 2010”

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British Airways and Iberia sign merger deal

Friday, April 9, 2010

British Airways (BA) and the Spanish airline Iberia have signed a merger deal, which will create one of the largest air carrier groups in the world.

The two announced the merger yesterday, and said that the deal, which has been expected for a long time, is to be implemented by the end of 2010. The move will make a group with a market value of US$8 billion. The deal has been negotiated since July 2008.

Under the plan, both companies keep their own brands and operations, but will be owned by International Airlines Group, a new holding company. It will be listed in London, but taxed in Spain.

The airlines believe the merger will save $530 million annually. In February, BA reported a loss of $102.4 million for the final three quarters of 2009, whilst Iberia posted an operating loss of $629 million.

Meanwhile, investors in BA will receive an IAG share for every BA share they own, and stockholders in Iberia 1.0205 shares for each share in the Spanish airline; thus, BA shareholders will take 55% of IAG.

“The merged company will provide customers with a larger combined network,” commented BA chief executive Willie Walsh. “It will also have greater potential for further growth by optimising the dual hubs of London and Madrid and providing continued investment in new products and services.”

Meanwhile, Iberia chief executive Antonio Vázquez remarked: “This is an important step in creating one of the world’s leading global airlines that will be better equipped to compete with other major airlines and participate in future industry consolidation.”

Independent aviation specialist James Halstead said he believed the merger was necessary for BA to remain competitive amongst other European air carriers. “BA’s unique position at Heathrow could help it survive for a short while, but in the long run it needs more than just Heathrow. The main point of the Iberia deal is to be able to cut costs and put the combined company in the position that Air France-KLM and Lufthansa are already in,” he said, quoted by The Independent.

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It Doesn’t Get Much Better Than Pensacola Fishing

By Chris M. Phillips

Pensacola is known for many things including its history in Naval Aviation, sugar white beaches, the Blue Angles, and of course red snapper. Beyond the red snapper fishing the Florida Panhandle gets heavily over looked for its fishery. We may not have the bonefish of Key West, the tarpon of Tampa, or the speckled trout of Mosquito Lagoon, but if you’re looking for fun you have found the right spot.

Pensacola anglers fish from a number of different bodies of water including the Gulf of Mexico, Pensacola Bay, Intracoastal Waterway, Escambia Bay, Santa Rosa Sound, Big Lagoon, East Bay, and several large river systems that run into the backwater bays.

Fishing the bays, bayous, and flats you can expect to catch redfish, speckled trout, and flounder on a regular basis. As the seasons change you will need to change the areas where you fish. During the summer the fish can be found on the grass flats, but when winter rolls around they move into the canals, bayous, and rivers looking for warmer water.

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A plethora of other species can be found inshore fishing as well including Spanish mackerel, sheepshead, black snapper, red snapper, grouper, white trout, croakers, king mackerel, black drum, and much more.

Amberjack, grouper, snapper, and triggerfish can be caught bottom fishing off Pensacola in the Gulf of Mexico. There are tons of wrecks and reefs out there to fish, one of the most popular is the USS Oriskany, which is a huge aircraft carrier that was turned into a reef several years ago.

There is some good action to be had trolling as well. Near shore trolling you can expect to catch king mackerel and bonita. Further offshore you will find a variety of different species like blue marlin, white marlin, sailfish, wahoo, dolphin, and tuna.

If you’re land locked there is plenty of fun to be had at the local piers, beaches, and bridges in Pensacola. Depending on the time of year you can catch a variety of different species. The Pensacola Bay Fishing Bridge and Pensacola Beach Gulf Fishing Pier are a couple great places where you can usually find steady action.

Pensacola Bay Fishing Bridge was destroyed by Hurricane Ivan and was rebuilt and opened about two years ago. Its located parallel to the Pensacola Bay Bridge that runs from Pensacola to Gulf Breeze. The cost is $5 per car/person and $2 for each additional passenger or walk-on fisherman. There is no charge to walk-on and watch or jog. A license is included in the entrance fee.

Pensacola Beach Gulf Fishing Pier is located at the heart of Pensacola Beach next to the Casino Beach parking lot. A fishing license is included in the $7.50 entry fee and those who want to just observe can get on for $1.25.

To learn more about fishing in the Panhandle visit www.pensacolafishing.com . There you will find fishing reports, GPS numbers, tackle stores, charter boats, clubs, marina, regulations, records, tournaments, seminars, weather, and tides.

About the Author: Captain Chris Phillips has spent his entire life fishing Pensacola Bay and the Gulf of Mexico. He owns Hot Spots Charters in Pensacola and Hot Spots Bait and Tackle in Gulf Breeze. Captain Phillips provides everything you need to know about Pensacola Fishing at

Pensacola Fishing

Source:

isnare.com

Permanent Link:

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UK Wikinews Shorts: December 22, 2009

A compilation of brief news reports for Tuesday, December 22, 2009.


Contents

  • 1 Man appears in court case involving murder of woman in Glasgow, Scotland
  • 2 Man jailed for murder of ex-girlfriend in Lancashire, England
  • 3 Two people killed in car crash in East Yorkshire, England
  • 4 Man dies after being found unconscious in garden in Western Isles, Scotland
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Ontario Votes 2007: Interview with NDP candidate Rick Morelli, Vaughan

Thursday, October 4, 2007

Rick Morelli is running for the NDP in the Ontario provincial election, in the Vaughan riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

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Former Satyam CEO Raju, his brother and CFO arrested and detained in profit-fraud scandal

Monday, January 12, 2009

Byrraju Ramalinga Raju, founder and chairman of Satyam Computer Services, and his brother, B. Rama Raju, the company’s managing director, were arrested late Friday by Andhra Pradesh police. The brothers were placed under judicial custody in a Hyderabad, India jail and will remain there until January 23. Facing charges of criminal breach of trust (Section 406 of IPC), criminal conspiracy (Section 120-B), cheating (Section 420), falsification of records and forgery (Section 468), and fraudulent cancellation of securities (Section 477-a), they face up to ten years imprisonment if convicted.

After 18 hours of interrogation by the Crime Investigation Department (CID) at the state police headquarters, the Raju brothers were sent to the Chanchalguda prison and slept Saturday night on the floor along with 26 other low-risk inmates.

S. Bharat Kumar, the Rajus’s lawyer, asked the magistrate to issue orders for health monitoring. “His blood pressure is fluctuating and he needs medical treatment,” said Bharat Kumar. Mr. Raju appeared before the court Saturday while a team of doctors visited him after he had complained of chest pain.

Raju has Hepatitis-C, and both brothers have high blood pressure, so health precautions are necessary while imprisoned. Prison rules mandate service of jail food thrice a day. The menu includes 650 gm of rice thrice a day with 250 gm of vegetable curry and 125 gm of ‘daal’ plus tea twice a day.

Satyam’s chief financial officer Vadlamani Srinivas, who was also arrested Saturday, had undergone preliminary investigation and appeared Sunday before a special court, according to A. Sivanarayana, Andhra Pradesh additional director general of police. Srinivas was remanded to judicial custody until January 23 by Mr. D. Ramakrishna, Sixth Chief Metropolitan Magistrate, and sent to the Chanchalguda jail with the Raju brothers after interrogation by CID’s Crime Branch (the CB-CID). During his Saturday night arrest and probe by CB-CID, Srinivas made revelations which are contained in his confession letter as submitted to Network 18. “According to me fixed deposits are unreal and fictitious which were managed and was an understanding between the audit section management,” Srinivas stated.

The Hyderabad court on Monday postponed the bail hearings of the Raju brothers and Srinivas to January 16. To be defended by a battalion of 25 lawyers, the three accused will remain in Chanchalguda Central Jail until further court order. The Raju brothers were shifted Sunday to a mid-size Old Hospital Barrack cell shared with a bootlegger.

Contents

  • 1 The offences
  • 2 About Satyam Computer Services
  • 3 Impact on Satyam Computer Services finances and reactions
  • 4 Related news
  • 5 Sources

In 2008, the company struggled to purchase two infrastructure companies founded by family members of company founder and CEO Dr. Raju – Maytas Infrastructure and Maytas Properties – for $1.6 billion, despite concerns raised by independent board directors. Dr. Raju tendered his resignation on January 7 after due notice of falsified accounts to board members and the SEBI.

Since January 7 when two lawsuits were commenced, dozens of other class action law suits were filed against Satyam for hundreds of millions of dollars damages based on fraud in the United States District Court for the Southern District of New York in Manhattan, among others. The securities fraud class-action lawsuits have been filed on behalf of investors who bought Satyam American Depositary Receipts (ADRs) since 2004.

On Wednesday Dr. Raju admitted to falsifying and overstating Satyam’s cash reserves by $1B US dollars (£661m) or 94% of its cash and bank balances on books at the end of September.

The fraud was perpetrated several years ago to bridge “a marginal gap” between actual and accounting books operating profits, and continued for several years. “It was like riding a tiger, not knowing how to get off without being eaten,” B. Raju said.

In a letter to the board, Dr. Raju said that neither he nor the managing director had benefited financially from the inflated revenues. Further claiming that none of the board members had any knowledge of the dire company situation, he noted that Satyam’s balance sheet as of the September 30, 2008, carried inflated figures for cash and bank balances of INR 5,040 crore (as against INR 5,361 crore reflected in the books). He alleged it also carried an accrued interest of INR 376 crore which was non-existent. He confessed that he himself prepared an understated liability of INR 1,230 crore on account of funds amid an overstated debtors’ position of INR 490 crore (as against INR 2,651 crore in the books).

Indian analysts have compared the Satyam-Raju scandal to the infamous American Enron scandal. Immediately following the media expose, PricewaterhouseCoopers, auditor of Satyam’s accounts, was set to be probed for complicity in the controversy. Times Now has reported that the Andhra Pradesh CID arrested PricewaterhouseCoopers (PWC) representative Gopal Krishnan for investigation on Saturday night.

New York-listed Satyam Computer Services Ltd., India’s fourth-biggest software firm, is a consulting and information technology services company based in Hyderabad, India. Founded in 1987 by Dr. Byrraju Ramalinga Raju, Satyam’s network spans 67 countries on six continents. It employs 53,000 professionals in India, the United States, the United Kingdom, the United Arab Emirates, Canada, Hungary, Singapore, Malaysia, China, Japan, Egypt and Australia. Its monthly salary outflow is estimated at six billion rupees ($125 million). Deriving more than half of its revenues from the United States, it serves 700 global companies, 185 of which are Fortune 500 corporations.

Satyam’s clients include Nestle, Ford, General Electric Co., General Motors Corp., Nissan Motor Co., Applied Materials Inc., Caterpillar Inc., Cisco Systems Inc. and Sony Corp., and brought in about $40bn last year.

In December 2008, a failed acquisition attempt involving the company Maytas led to a plunge in Satyam’s share price. After Wednesday’s confession, Satyam stocks fell further by more than 70%, while the BSE SENSEX dropped to 7.3% Wednesday, causing the removal of Satyam Computer Services from its indices on Thursday. The shares free fell to 11.50 rupees on Friday, their lowest level since March 1998, compared with around last year’s high of 544 rupees.

The New York Stock Exchange has terminated trading in Satyam stock as of January 7, while the National Stock Exchange of India said it will remove Satyam from its S&P CNX Nifty 50-share index from January 12.

India’s biggest-ever corporate fraud has seriously tainted India Inc.‘s strong corporate governance image. “The admission of fraud in financial affairs has created an adverse impression in the minds of trade, business and industry across the world,” the Indian government admitted. The government intervened on Friday night, dismissing Satyam’s board of directors, announcing it will appoint representatives to manage the affairs of the insolvent outsourcing giant. The board would meet within seven days. Dr Yeduguri Samuel Rajasekhara Reddy, chief Minister of State of Andhra Pradesh, India, on Sunday said that the main agenda is to protect the jobs of the software professionals. “We are taking all needful steps in coordination with the government of India to ensure that the jobs of 53,000 engineers are protected and the shareholders’ money is salvaged,” Reddy said.

“We are working on the names. The Satyam case is an aberration. The credibility of the Indian corporate sector in general, and IT sector in particular, should not be allowed to suffer because of this.” Prem Chand Gupta, the Corporate Affairs Minister said. The Federal Government of India appointed a three-member independent board with full authority for Satyam on Sunday and was set to convene within 24 hours. “We have appointed Deepak Parekh, chairman of Housing Development Finance Corporation, Kiran Karnik, former president of IT industry body NASSCOM and C. Achutan, former member of Securities and Exchange Board (SEBI) of India,” Mr. Gupta said.

In early Monday trading (0535 GMT) after the creation of the three-member board, Satyam shares rocketed upwards 60% to 38.15 rupees, even though the main Mumbai market was down more than 2%. BBC reported that Satyam shares have jumped 51% to 36.05 rupees on Monday after the stock lost 87% last week. “The constitution of the new board is seen as a positive step by the market. It’s a confidence boosting measure,” K.K. Mital, Globe Capital, New Delhi head of portfolio management services said. “But the rally will depend largely on the financial situation at the company and the kind of measures that are taken to improve liquidity,” he added.

The Company Law Board, however, has requested Satyam’s interim board not to implement its decisions. “We are asked by the Company Law Board not to implement the decisions of the board. But we are allowed to continue our activity. The team which was constituted recently is continuing its work,” Satyam head global marketing and communications, Mr. Hari Thalapalli, said.

Lazard Ltd., who has a 7.4% stake in Satyam, sought representation on the new board and wrote as much to The Indian Ministry of Corporate Affairs. “As the largest shareholder in the company, we want to be consulted in whatever decisions are being taken by the Indian government. We have written to the Ministry of Corporate Affairs and are awaiting a reply from them,” Hitesh Jain, a partner at ALMT Legal, who claimed to represent Lazard, said. “It is a fair proposal and we will take a decision as and when we clear other issues. No decision on this has been taken yet,” P.C. Gupta replied.

Meanwhile, the Securities and Exchange Board of India (SEBI) also announced it will try to control the damage and take steps to boost investor confidence. “This exercise will be undertaken after the third quarter results and is expected to be completed by end of February this year,” a SEBI official statement said. A SEBI team is also investigating acting-CEO Ram Mynampati whose salary was greater than that of founder Dr. Raju and all the directors combined. Dr. Raju had just one fifth of Mynampati’s total package of over Rs 3.5 crore as of March 2008. All the directors comparably received only a total of Rs 2.6 crore as salary, commissions, sitting fees, professional fees and other receivables.

Further, the Andhra Pradesh Police CID and teams assigned by the Economic Offences Wing of the CB-CID conducted searches Sunday of homes of the accused including the ex-CFO’s office to gather documentary evidence about the financial fraud.

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Vodafone New Zealand buys Internet provider ihug

Tuesday, October 10, 2006

In an NZ$41 million deal announced Monday night, the New Zealand telecommunications company, Vodafone has bought Internet service provider (ISP) ihug New Zealand Ltd. Ihug will remain a separate company however.

Vodafone said that one of the reasons that they bought ihug was because of their strength in fixed line broadband. Vodafone say that this purchase will give them a much better access to broadband technology.

However when ihug was put up for sale by Australian owner, iiNet, Vodafone denied in July that they were interested in buying ihug.

Paul Budde, telecommunication analyst, said that the buy was excellent. “The unique combination of a mobile and fixed based operator makes sense considering both their futures lie in broadband. The deal is writing new history and will be watched around the world. It really sets the direction Vodafone wants to go for services, new applications and new content.”

Russell Stanners, CEO for Vodafone, said they are “looking to consolidate their broadband plans as they increase their 3G output. Over the next two years Vodafone is looking to double their 3G output and will double it again. On top of that there is 4G technology and there is growing confidence in the wireless network to deliver real broadband.”

Stanners is very confident that their company will be able to exceed their customers expectations and needs. And that this purchase is an important step in evolving Vodafone.

“It’s a perfect fit. Right now, we are the leaders in mobile, however we only have 20% share of the telecommunications market. When combined with ihug’s strength in fixed line broadband and calling, we can develop and deliver even more compelling propositions for our customers. It’s a very exciting time, with two strong challengers coming together to take on the competition,” he said.

CEO for ihug, Mark Rushworth said: “We’re thrilled with this news. A strong and dynamic parent company like Vodafone is just what we need at this stage of our growth.”

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Frankfurt defuses World War II-era bomb, evacuates 60,000

Monday, September 4, 2017

Experts in Frankfurt, Germany defused a World War II-era bomb yesterday, after more than 60,000 people, the most since World War II, evacuated from the area.

The HC 4000 blockbuster bomb, dropped by the United Kingdom’s Royal Air Force, was discovered days ago near the Goethe University Frankfurt campus in a construction site. Fire chiefs warned its reportedly 1.4 tons of explosives could have destroyed an entire city block.

Residents of the Westend neighborhood, including those of two nearby hospitals, were asked to evacuate by 8 a.m. local time (0600 UTC), though the bomb removal process only began around 2:30 p.m., as the evacuation drew on. Just after 8 a.m., Markus Röck, a spokesman for the Frankfurt fire brigade, said: “The situation is relaxed which is a good sign and everything so far is going according to plan. We will now assess if everybody has left voluntarily and go from house to house and remove people if necessary.”

About 1,100 workers assisted with the evacuation, according to the fire brigade, and helicopters and heat-detection technology were used to check everyone within 1.5 kilometers, about 1 mile, had left. A convention center and concert hall opened to house people, and at museums and the airport, other activities were offered for free.

When the area near the bomb was evaluated, other parts of the city became more populated. Peter Cachola Schmal, director of the German Architecture Museum, remarked, “It’s a different atmosphere here today, because people are settling for a longer time[…] People are coming here to sit with their laptop and work, for example, or read the newspaper for hours.”

Fire brigade director Reinhard Ries said, “the scale of this bomb is overwhelming. I have never seen anything like it.”

Likely thousands of unexploded bombs from the era remain across Germany, and reportedly eleven bomb defusal technicians have been killed there since 2000. Devices may become more unstable as time wears on and their fuses age.

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Online Car Auctions For Wholesaler 3 Things To Watch Out For

By Deon Du Plessis

Fact: Online car auctions are here to stay. When online car auctions first appeared in early 2000, most people made it out to be just a phase and the latest fad that will soon pass. When eBay launched their online car auction sites everybody started looking towards online car auctions with a much greater interest. Not only are the potential great, but the potential is far reaching for everyone, form the consumer all the way up to the retailers and even the manufacturers.

At first it might seem a bit strange to buy a car online, but it really has become as simple as buying your groceries online. Online car auctions for wholesalers is probably the most exciting side of trading online with vehicles. The internet and online auctions have opened up a whole new marketplace for wholesalers and dealers and finding great deals has indeed become incredibly easy.

Online car auctions for wholesaler are mostly government sourced. These vehicles are either government owned vehicles that are being sold off in lots or vehicles that were possessed in the course of law enforcement. Storing and managing all these vehicles can be an arduous task and selling off these vehicles quickly, sometimes ridiculously low prices, are a priority with the agencies. Government agencies usually purchase and sell vehicles in batches and picking up anything from 2 to 200 vehicles can be quite an easy task with online auctions a task that might have been near impossible to source before online auctions.

As wonderful and advantageous as all of this might sound, there are some important things to look out for at online car auctions for wholesaler. Here are three critical check boxes:

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1. Do your due diligence

Make sure that the website offering or listing the auction is legit and that they really do list wholesale auctions. Its become quite a catch that many websites are exploiting, offering huge listings of so-called repossessed vehicle. When you actually get to the auction you might just find yourself disappointed. Very few agencies actually deal with and act on behalf of the government to run the auctions. The hardest job is not so much in finding the best vehicle, but in actually finding the best online auctions and auction sites. Many sites that offer free listings are only after your personal details that they can then sell of again.

2. Read the terms and conditions

In the internet age, weve become so blas with terms and conditions that very few people actually read them anymore. Well, when you get to an online car auctions for wholesaler, be sure to familiarize yourself with the terms and conditions. Make sure you are familiar with the fees and costs a 2% fee can have a serious impact on the price of fifteen $20 000 vehicles! Most of the reliable paid-for listings of government auctions screen the auctions before hand and you are less likely to run into hidden clauses and costs. Stay away from hot tip websites that tell you about the hush-hush auction of brand new government vehicles that are going down. Go with trusted websites thats been in business for a while and pay the small fee to get access to the real auctions in the long run you will be glad you did.

3. Set and play to your own bidding rules

A curse of online bidding is in chasing prices. Somehow its so easy to get caught up in chasing the deal of a lifetime and you will often find yourself overbidding if you are not careful. Remember that you are there to buy cars, not to win bids. An online bid is just as binding as a bid on a real life auction. Never bid unless you are serious the rules are very strict and you will be held accountable for your bid.

Online car auctions have indeed opened up a whole new marketplace especially for wholesalers. It basically means that you can get access to a great resource without having any contacts like in the olden days. Online car auctions for wholesalers are also no longer restricted to specific cities or states as the online auctions are available to anyone anywhere. With the ever increasing demand for vehicle transport it is likely that online car auctions will become an even greater resource for wholesalers, dealers and even consumers. Tap into this lucrative market and with online business exploding in all areas, you would want to get in on the action sooner rather than later.

About the Author: Sincere-Advice. com To find the most comprehensive listings of reliable online car auctions for wholesaler, please visit

sincere-advice.com/state-auctions.html

for more info.

Source:

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Permanent Link:

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