Written on January 4, 2012 by Julia Woodard
The competition may appear in the Cayman Islands’ subscription television market, due to partial share transfer involving majority ownership in a local company that holds an Information and Communications Technology Authority (ICTA) licence. On December 19, 2011, Infinity Broadband Ltd., that holds a current ICTA licence in the Cayman Islands, has requested the authority’s consent to transfer 51 per cent of its shares to the British Virgin Islands company Camber Holdings Ltd.
According to the records publicly available, the following services are included under the licence currently held by Infinity Broadband: Internet telephony, public service TV broadcasting, subscription TV broadcasting, and Internet. The olicence also authorises Infinity to operate ICT networks.
Licence holder Randy Merren declined to comment on this case, saying the proposed shares transfer was pending before the ICTA board. ICT
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Written on December 31, 2011 by Cheryl Rankins
The player: Discover Financial Services (DFS)
Headquarters: Riverwoods
Revenue: Net income rose to $513 million in the fiscal fourth quarter from $350 million a year earlier. For the fiscal year ended Nov. 30, net income was a record $2.2 billion, up from $765 million a year earlier.
52-week stock range: $27.92/$17.95
Friday’s close: $24.49
Key business: One of the largest credit card issuers in the U.S., Discover pioneered card rewards in the U.S. It also offers direct banking and payment services, personal and student loans, online savings accounts, certificates of deposit and money market accounts. It operates a PIN-based debit-card network, Pulse, and in 2008 acquired Diners Club International, which supports merchant transactions in more than 185 countries.
By the numbers: 11,000 employees
The scoop
Discover released its fiscal year earnings Dec.
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Written on December 16, 2011 by Julia Woodard
The California Probate Code contains a lot of rules applicable to the one who serves as the trustee of a trust. Starting with Code section 16000, California’s laws delineate the conduct of trustees ranging from activities the exercise of discretionary power to the content of reports prepared for the benefit of beneficiaries.
Selecting a trustee to run your estate in your place at the time you die ought to be done carefully and with a clear understanding of what the job requires. Once you’ve made up your mind about who to name as trustee in your trust, it is prudent to get that person’s consent to serve as your trustee. It is also important that the trustee understand the principles and duties governing his or her conduct vis-a-vis the trust.
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Written on December 12, 2011 by Wiley Hayden
[url]http://online.wsj.com/video/jobless-claims-tick-down-to-2008-levels/FC9421D7-7F22-47E2-AB85-515971FCA480.html[/url] John Shipman has economic news driving markets on Thursday, including initial jobless claims, November’s producer price index and upbeat news from Fedex.
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Written on December 12, 2011 by Cheryl Rankins
The Detroit News foreclosed on the Tax Watchdog’s home, so we’ve moved to a new neighborhood. Please follow the Tax Watchdog here — and read why boxing great Floyd Mayweather Jr. has reason to make it rain tonight.
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