The Dow's path from here to a record (AP)

[unable to retrieve full-text content]AP - The Dow Jones industrial average closed at 13,005.12 Tuesday, its first close above 13,000 since May 19, 2008. The Dow is within reach of the all-time high of 14,164.53 it reached on Oct. 9, 2007.

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/ap/20120228/ap_on_bi_ge/us_dow13000_from_here_to_the_record

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Report: BP says oil spill trial could last years

(AP)? LONDON ? BP chief executive Bob Dudley says the trial over the 2010 oil spill in the Gulf of Mexico could last for years.

Dudley said BP is preparing to be in court for several years, but hopes it can reach agreements on some parts of the case which begins Monday in New Orleans.

Dudley, who took control of BP in 2012 after former chief executive Tony Hayward resigned amid criticism over the way he had handled the oil spill, told the Sunday Telegraph newspaper that the company has prepared for the possibility that the trial will continue until 2014.

The company has set aside $40 billion to deal with fines and associated costs of the disaster.

Source: http://feeds.cbsnews.com/~r/CBSNewsGamecore/~3/sa_5YhahU-E/

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Judge takes up bid for bail by Jackson doctor (AP)

[unable to retrieve full-text content]AP - With Michael Jackson's doctor in solitary confinement, his lawyer planned to implore a judge to release him on bail as the appeal of his involuntary manslaughter conviction winds its way through the courts.

Source: http://us.rd.yahoo.com/dailynews/rss/crime/*http%3A//news.yahoo.com/s/ap/20120224/ap_en_mu/us_michael_jackson_doctor

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The Engadget Show 30: DJ Spooky, Google, Toy Fair and a pinball museum

The Engadget Show has just hit the big 3-0, and to celebrate, we're stretching out our legs in a more spacious locale. Yep, we're hitting the Times Center this month, but don't worry, we've got plenty of show to fill up the space. We'll be kicking things off by checking out February's hottest gadgets, including the Droid 4, AT&T's Galaxy Note, the PlayStation Vita and Apple's newly announced OS X Mountain Lion.

Next up, Brian takes a trip to Toy Fair in NYC and comes back with a table full of some of the coolest products of the show -- helicopter flying and water pellet gunfire ensue. Then we head to Asbury Park, NJ to check out the Silverball Museum, for some Springsteen-worshiping pinball action, and Michael Gorman visits the Googleplex in Mountain View, to get to the bottom of Google Translate. We cap the show off with a performance and conversation with DJ Spooky, who tells us all about his iPad app and his latest project, The Book of Ice.

Hosts: Tim Stevens, Brian Heater
Special guests: DJ Spooky, Josh Estelle
Producer: Guy Streit
Director: Michelle Stahl
Executive Producers: Joshua Fruhlinger, Brian Heater and Michael Rubens

Download the Show: The Engadget Show - 030 (HD) / The Engadget Show - 030 (iPod / iPhone / Zune formatted) / The Engadget Show - 030 (Small)

Subscribe to the Show:

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The Engadget Show 30: DJ Spooky, Google, Toy Fair and a pinball museum originally appeared on Engadget on Fri, 24 Feb 2012 13:00:00 EDT. Please see our terms for use of feeds.

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/PPHqxGLKOOo/

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Strikeforce signs UFC veteran Nate Marquardt, fight with Tyron Woodley possible

In June, the UFC cut middleweight Nate Marquardt after he could not get medical clearance to fight at UFC on Versus 4 just hours before he was scheduled to weigh in. Now, he is back in the Zuffa fold, as Strikeforce signed him to fight in their welterweight division.

His signing will strengthen a promotion that has seen four champions flee to the UFC. A bout with Tyron Woodley is reportedly in the works. Marquardt brings a recognizable name and a well-rounded game to Strikeforce.

Marquardt fought in 14 bouts for the UFC before his out-of-whack testosterone levels caused the Pennsylvania State Athletic Commission to deny his chance to fight in the main event. He was immediately dismissed from the UFC by an angry Dana White.

He briefly signed with the British promotion BAMMA, but a fight never materialized. Bellator's Hector Lombard invited Marquardt to fight him in Bellator, but Marquardt didn't take the bait. His last bout was a decision win over Dan Miller at UFC 128.

More from Yahoo! Sports: Frankie Edgar fooled by fellow UFC fighter

Source: http://sports.yahoo.com/blogs/mma-cagewriter/strikeforce-signs-ufc-veteran-nate-marquardt-fight-tyron-150502615.html

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How the REO to Rental Program Will Impact the Economy | The ...

Image by techfun via Flickr

At RentJuice, we see the economic contribution of small businesses ? property managers, local property owners, and real estate brokers ? who make money by facilitating rentals every day. In fact, the vast majority of homes and apartments on our platform belong to owners who only have a few properties, and the lion?s share of offices who are building businesses on the RentJuice platform have only a handful of leasing agents.

Since its launch in 2009, our team has witnessed the intense nationwide struggle to be successful in selling homes. Many real estate pros have turned to rentals as a source of income during these challenging times. With millions of homes in or facing foreclosure, a greater concentration of homes now belong to mortgage loan servicers as ?real estate owned? (REO) properties. The Wall Street Journal reported that Fannie and Freddie owned about 180,000 homes at the end of September, and FHA owns another 35,000. Those homes, if released in mass for purchase, would continue to depress home prices across the country and further damage local businesses built on investing in real estate.

With that perspective, I?d like to share our views on the program being initiated by the government to stimulate housing rentals and defer the flood of foreclosed homes, often called the ?REO to Rent? program. REO properties will be released to investors who can purchase homes if they commit to hold the properties and rent them for a specified period. It is our belief that this program is both necessary for stabilization and improvement of the housing market, and a massive economic opportunity for the entire real estate ecosystem.

First, we think this program positively addresses known economic trends in the rental and for sale markets. Economic research like S&P/Case-Shiller to Zillow?s Home Value Index all displayed continued declines in home prices in 2011. While total foreclosures declined last year, many attribute the slowdown in foreclosure to a temporary delay in processing alone. At the same time, rents increased about 2% to $1,064 in the US, according to research firm Reis, with steady rents being sustained mainly in areas simultaneously hit hard by unemployment. Property management software company RealPage, in its quarterly earnings call just yesterday, noted an imbalance in supply and demand, and forecasted increased lease prices for their 7.2 million rental units in the coming year. Adding new rental supply and damming the foreclosure flood seem irrefutably necessary. This action keeps rentals affordable, loosens very tight vacancy rates, and raises the floor on potential home prices.

Second, this program enables an entire housing ecosystem to be more active. According to the Commerce Department, new home construction rose just 1.5% in January, and when you exclude multifamily development, single-family home construction was down 1%. That not only affects builders, but also the team of? people who convert a lot of land into an occupied home ? from carpenters and electricians to real estate brokers and web designers. The investors who purchase REO properties will have to partner with companies or individuals who can help lease and maintain the properties. No hedge fund or private equity firm has an in-house property management arm that can fix leaky faucets or broken air conditioners. Homes that have been vacant for months or years need to be improved, cleaned, and inspected. No one can execute on this strategy alone, and we think the pool of income generated by rolling out this program will have far-reaching effects across a number of service industries.

Indeed, rentals can literally reshape a small and slow real estate business amidst difficult real estate sales. Take Jorge Guerra of Real Estate Sales Force, a user of RentJuice in the hard hit South Florida real estate market where I grew up. During a visit to his office in December, he shared with me that since using RentJuice, he has gone from a small handful of agents in Coral Gables to nearly 200 across all of South Florida, and a recent market share report in the Miami market placed him within the top 10 companies in the area. His agents are building relationships among tenants and property owners, and often find the ability to sell a home during the rental marketing process. By being active in rentals, he is now available to decision-make for all types of real estate transactions.

Third, this program will inevitably bolster local real estate businesses. Housing rentals seem simple: a vacant home is occupied by someone who agrees to pay a monthly fee. But the real work is far more complex and dependent on local variables. With so few rental homes on a traditional MLS, seeking comparables for pricing is a bear. Marketing outlets vary in their local effectiveness, with traditional Internet Listing Services (ILS) or real estate search sites providing inconsistent inventory coverage or traffic from market to market. Security deposits, disclosures, and eviction policies vary from one city to another. Local real estate brokerages and property management companies therefore become essential partners.

An entire supply chain must mobilize to make this policy effective. Addressing this national economic need will require investors, bank partners, local firms, and technology platforms to work together. We are thrilled to be a contributor to this powerful and transformative policy, and look forward to helping in any way we can.

Source: http://blog.rentjuice.com/how-the-reo-to-rental-program-will-impact-the-economy/

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The iPad trademark follies: Apple legal strikes back ? Fortune | Law ...

Apple's Legal Woes in China Offer Hope to Rivals - CNBC.com

CNBC.comApple's Legal Woes in China Offer Hope to RivalsCNBC.comApple's legal row over its iPad trademark in China creates a window of opportunity for rivals such as Lenovo Group and Samsung Electronics as they try to chip away at the US firm's dominance of the potentially vast Chinese tablet market.The iPad trademark follies: Apple legal stri [?]

Matthew Perry's legal career will continue on 'The Good Wife' - Los Angeles Times

Matthew Perry's legal career will continue on 'The Good Wife'Los Angeles TimesMatthew Perry is set to join CBS' successful lawyer drama "The Good Wife" in a recurring role, beginning with the March 25 episode. Though Perry isn't joining the main cast of the series, his role as a Chicago attorney investigating a police shoot [?]

Bret Michaels' Lawyer: Tony Awards' Latest Legal Move Over Injury a 'Desperate ... - Reuters

Bret Michaels' Lawyer: Tony Awards' Latest Legal Move Over Injury a 'Desperate ...ReutersBy Tim Kenneally at TheWrap Bret Michaels -- or rather, his attorney -- is accusing the Tony Awards of hitting a bum note in its latest move in the legal saga over the Poison singer's 2009 injury. The rocker's lawyer, Alex Weingarten, has lashed [?]

Okada to Take Legal Action Against Wynn Resorts - Fox Business

Financial TimesOkada to Take Legal Action Against Wynn ResortsFox BusinessAfter Wynn Resorts (WYNN) bought out the company's co-founder and largest shareholder over the weekend, Kazuo Okada says he will take legal action to block the board's action, according to The Wall Street Journal. The Wynn board bought the $2.77 ...Wynn Resorts asks Okada, la [?]

Orient-Express Appoints Richard M. Levine as Chief Legal Officer - MarketWatch (press release)

Orient-Express Appoints Richard M. Levine as Chief Legal OfficerMarketWatch (press release)Based in New York, Levine will supervise global legal and regulatory matters for the Company. "Rich's accomplished track record as the chief legal officer for luxury hospitality and private equity firms make him the ideal candidate to manage the ...and more?? [?]

Row over legal proceedings on Ashton Vale town green - BBC News

BBC NewsRow over legal proceedings on Ashton Vale town greenBBC NewsA row has erupted in a legal case on future use of green space in Bristol with protesters contradicting a council claim proceedings have been dropped. Bristol City Council said the case had been "discontinued" paving the way for a ?90m football stadium ...Ashton Vale town green: Ju [?]

DW Legal Strengthens Chicago Presence -- Expands Document Review Capabilities - MarketWatch (press release)

DW Legal Strengthens Chicago Presence -- Expands Document Review CapabilitiesMarketWatch (press release)HOUSTON, Feb 20, 2012 (BUSINESS WIRE) -- DW Legal, a leading managed document review, e-discovery solutions and legal talent acquisition company, announced that it has expanded its Chicago document review facilities to include an additional 15000 ...and mo [?]

Syrian rebels gun down legal officials - UPI.com

Syrian rebels gun down legal officialsUPI.com19 (UPI) -- Syrian anti-government rebels staged three assassinations Sunday, killing two legal officials and an aide, state media reported. The state-run Syrian Arab News Agency said the attorney general of the province of Idlib, a judge and a driver ...and more?? [?]

Myanmar state media: dissident monk facing fresh legal charges - Washington Post

BBC NewsMyanmar state media: dissident monk facing fresh legal chargesWashington PostYANGON, Myanmar ? A dissident monk who helped lead Myanmar's 2007 anti-government uprising is facing fresh legal action, in part for breaking into monasteries sealed by the former military junta after the mass street protests five years ago, ...Burma monk Shin Gambira [?]

Francisco Rodriguez mulls legal action against former agents - USA TODAY

USA TODAYFrancisco Rodriguez mulls legal action against former agentsUSA TODAYBy Bob Nightengale, USA TODAY PHOENIX ? Milwaukee Brewers reliever Francisco Rodriguez, believing his former agents deceived him, might file a grievance or lawsuit against them this week, his attorney told USA TODAY. Matt Slocum, AP Milwaukee Brewers ...K-Rod mulls legal action aga [?]

Source: http://www.lawadvice.ws/the-ipad-trademark-follies-apple-legal-strikes-back-fortune/

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