Interpublic exits Facebook

(Reuters) – Interpublic Group of Cos said it sold its remaining investment in Facebook Inc for $ 95 million in cash.

Interpublic said it expects to record a pre-tax gain of $ 94 million. It had recorded a pre-tax gain of $ 132.2 million for the third quarter of last year from the sale of half of its 0.4 percent stake in Facebook.

Interpublic paid less than $ 5 million for the stake in 2006.

Shares of Facebook, which debuted with a market value of more than $ 100 billion in May, have lost nearly half their value since then on concerns about money-making prospects.

“We decided to sell our remaining shares in Facebook as our investment was no longer strategic in nature,” Chief Executive Michael Roth said in a statement.

Interpublic also authorized an increase in its existing share repurchase program to $ 400 million from $ 300 million. The company repurchased shares worth $ 151 million, as of September 30.

Shares of the company were up 1 percent at $ 10 on the New York Stock Exchange on Tuesday.

Facebook shares were marginally up at $ 23.00 on the Nasdaq.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Joyjeet Das)

Internet News Headlines – Yahoo! News

Read More..

Bates Motel First Photo

It was announced back in July that A&E had greenlit a new 10-episode series called Bates Motel, which would serve as a pre-quel to Alfred Hitchcock's classic, Psycho.

VIDEO - How Anthony Hopkins Prepared To Play Hitch

Now you can get your first look (via) at Finding Neverland's Freddie Highmore as a young Norman Bates and Vera Farmiga as his mean mother as their iconic house looms large in the background.

VIDEO - Scarlett Johansson on Recreating Psycho's Shower Scene

The series, executive produced by Carlton Cuse (Lost) and Kerry Ehrin (Friday Night Lights), will expand the universe beyond the hotel's rooms and showers, according to the showrunners. ''The town itself is very much a character in the show,'' Cuse tells EW.com. ''There are a lot of secrets that lurk beneath this bucolic veneer.''

Bates Motel premieres Spring 2013 on A&E.

Read More..

Elmo voice actor Kevin Clash resigns as second man files underage sex lawsuit against him

Getty Images

Actor/Puppeteer Kevin Clash poses with Elmo.

The voice of Elmo, Kevin Clash, resigned today amid new allegations of sexual misconduct with underages boys, “Sesame Street” producers and the famed puppeteer said.

Since last week, two young men have accused Clash of picking them up for underaged sex.

Clash was granted a leave of absence last week to fight accusations made by Sheldon Stephens, 24, of Harrisburg, Pa.

But Clash quit today, after a lawsuit was filed by Cecil Singleton, who claims he was just 15 when the Elmo voice had sex with him in 1993.

"I am resigning from Sesame Workshop with a very heavy heart. I have loved every day of my 28 years working for this exceptional organization,” Clash said in a prepared statement.

“Personal matters have diverted attention away from the important work `Sesame Street’ is doing and I cannot allow it to go on any longer. I am deeply sorry to be leaving and am looking forward to resolving these personal matters privately."

Sesame Workshop, the educational non-profit that produces the venerable kids show, said Clash’s battle with accusers made it impossible for him to work on “Sesame Street.”

“Unfortunately, the controversy surrounding Kevin’s personal life has become a distraction that none of us wants, and he has concluded that he can no longer be effective in his job and has resigned from `Sesame Street,’ “ according a statement by Sesame Workshop.

“This is a sad day for `Sesame Street.’ ”

Clash’s sudden downfall came hours after Singleton’s lawsuit was filed Manhattan federal court.

“Kevin Clash was an unmarried adult male living a prominent public life centered around the entertainment of toddlers, while at the same time he was, in secret, preying on teenage boys to satisfy his depraved sexual interests,” Singleton’s lawyer Jeffrey Herman wrote.

Singleton had kept this secret for years and didn’t think about coming out, until Stephens’ story emerged last week.

“He wasnt think about doing this at all until last week,”: Singleton told The Post.

“He thought he was the only one. He never looked at himself as a victim. He was a compliant victim, he just wasn’t a consenting victim because he couldn’t be. He was only 15.”

Singleton believes there might be other boys who have been seduced by Clash.

“After seeing what happened last week, he saw the pattern and the other potential teens this has probably happened to,” Herman said. “That’s when he decided to come forward.”

Clash, who is now 52, met Singleton in an online gay chatroom -- though the plaintiff didn’t immediately disclose his age, Herman conceded.

It wasn’t until they met face-to-face, over dinner, that Singleton allegedly told Clash he was just 15.

They saw each other in 1993 and 1994 and then reconnected for romantic rendezvous when Singleton was between 17 and 19, according to Herman.

Clash took Singleton to dinner, once helped him pay a phone bill and helped him out with spending money from time to time -- no more than “three digits,” according to Herman.

"[Clash] trolled gay telephone chat line rooms to meet and have sex with underage boys,” Singleton claimed in his explosive lawsuit.

"[Clash] groomed Cecil to gain his trust by, among other things, taking him to nice dinners and giving him money."

The lawsuit said Singleton "did not become aware that he had suffered adverse psychological and emotional effects from Kevin Clash's sexual acts and conduct until 2012."

Singleton is asking more than $5 million.

Clash faced a similar accusation of underage sex last week, in another complaint that just won’t go away.

The first accuser Stephens said he and Clash had intimate contact when the young man was just 16. The puppeteer concedes they had a relationship, but claims any sex happened after Stephens turned 18.

Stephens withdrew his complaint against Clash last week, but now wants to recant his recantation.

He’s interviewing lawyers in hopes of ripping up the $125,000 deal he made with Clash last week, according to TMZ.

Stephens’ Pennsylvania lawyers released this statement on his behalf last week: 'He [Stephens] wants it to be known that his sexual relationship with Mr. Clash was an adult consensual relationship.”

Sesame Workshop today thanked Clash, who has been the voice of Elmo since 1984, for all his years of service.

“Sesame Workshop’s mission is to harness the educational power of media to help all children the world over reach their highest potential,” according to Sesame Workshop.

“Kevin Clash has helped us achieve that mission for 28 years, and none of us, especially Kevin, want anything to divert our attention from our focus on serving as a leading educational organization. “

Additional reporting by Leonard Greene

Read More..

Startups take the stage at South Florida events

NewME brought its first Popup Accelerator to Miami last week, and together with the Knight Foundation and LAB Miami, gave 65 South Florida participants a two-night pitch workshop, a one-on-one mentoring session with a Silicon Valley venture capitalist or NewME expert and the opportunity to present their ventures at Demo Night.

On Wednesday evening, 38 startup teams pitched to a crowd filling the risers of The Light Box Theater in Wynwood, and competed for tens of thousands of dollars in prizes. On the intimate stage, the teams made their two-minute pitches, each one accompanied by a pitch deck of 8 to 10 slides.

“Can’t you feel the energy? This is super exciting,” said Matt Haggman, program director of the Knight Foundation’s Miami office, which has been supporting and funding projects to help the startup community. “What’s going on here clearly shows there is something special happening and we look forward to contributing to it further.”

After the pitches, which were judged by two investors and Angela Benton, founder of NewME, Benton announced the winners:

•  First place: Sew Love, pitched by Sabrina Scandar. Sewlove.co, founded by sisters Sabrina and Silvia Scandar, is a platform for crowdsourcing fashion design. The Scandars want to raise $300,000 to help them continue developing their platform, make some key hires and fire up a marketing strategy. They won a prize package worth $45,000 in goods and services to help them build their startup, plus they were accepted into NewME’s 2013 Accelerator class.

•  Second place: Gozump, pitched by Charleston Malkemus. Gozump is a platform to help people buy homes, which will begin by targeting the military market. “We are Marines on a mission to change the way real estate works forever,” Malkemus pitched. Gozump won $23,000 in goods and services.

•  Third place, Indira, pitched by Carrie Ann Mantha: Indira is a fashion tech platform that creates personalized fashion and decor for weddings. It has a factory running in Little Haiti and is launching next month. Indira won $7,000 in goods and services.

Honorable mentions: ToddlerTV, SkillU, GoGeekster and NightPro. “We thought the judging process would be a lot easier. There was a lot of great technology,” said Benton, speaking Friday by phone after returning to San Francisco, where the NewME Accelerator is based.

All winners received co-working space at LAB Miami, which is soon moving to a larger space in the Wynwood neighborhood. All participants received a one-month “connect” membership to LAB Miami. Read more about the NewME PopUp here.

Many of the PopUp participants said getting the opportunity to mingle with other startups in South Florida was also valuable.

“We were really excited to meet more of the startup tech community,” said Mantha, who moved Indira from New York City to Little Haiti about six months ago. “It is much more dynamic than we realized.”

Last week was also big for other entrepreneurs taking the stage. Several hundred women attended the two-day Women’s Success Summit, where summit founder Michelle Villalobos and her business partner Jessica Kizorek laid out a system for work/life balance (hint: It starts with scheduling in your playtime, involves firing your least-profitable clients and includes developing strong systems for efficiency.)

Read More..

Pembroke Pines hosts winter camp for special needs kids

The City of Pembroke Pines is accepting registration for its two-week Winter Camp for special needs children ages 6 through 14.

Participants will engage in indoor and outdoor activities, games, arts and crafts, and other activities.

Participants must be independent in toileting skills and be able to administer, with supervision, their own medications.

The camp will be held at Rose G. Price Park, 901 NW 208th Ave., Pembroke Pines.

The camps will be 9 a.m.-5 p.m. Dec. 24 and 26 -28; and Dec. 31 and Jan. 2-4.

One week will cost $100; two weeks will cost $175. The fee does not include snacks, lunch or drinks, but it does include camp supplies. Payment is due at time of registration.

For additional information, contact Mary Wilson Palacios, Special Population Coordinator, at 954-450-3663 or mpalacios@ppines.com.

Read More..

Oprah Cautions Justin Bieber Against Marrying Young

No topic seems to be off limits during Justin Bieber's chat with Oprah Winfrey on the next episode of Oprah's Next Chapter, where the 18-year-old superstar admits that he wants to be married by the time he hits 25.

Oprah, who's never been married herself, ends up counseling him against it.

Video: Oprah Previews the Return of 'Favorite Things'

"I think 25's too young, actually. I really do -- and particularly for you," Oprah says. "Your whole 20s is about discovering who you really are, and you owe that to yourself, particularly because of the business that you're in [where there's] not a lot of self-discovery time because so much is already defined for you."

Check out the video for Justin's response, and to hear how many kids he wants.

Video: Ke$ha on Bieber -- I Would Hit That

Oprah's Next Chapter featuring Justin Bieber airs November 25 on OWN.

Read More..

Plans to increase wireless service at subway stations delayed due to Sandy

Plans to bring wireless service to another 30 subway stations have been delayed until March due to complications from super storm Sandy, officials said today.

The stations -- including Times Square, Rockefeller Center, and Columbus Circle -- were supposed to be wired for cell phones and computers by the end of this year.

Transit Wireless, the company contracted to bring the service to all of the city’s subway stations, now says it will be done by the end of the first quarter of 2013.

Underground stations already wired for cell phone and Internet include 14th and 23td Streets on 8th Avenue and 14th Street and 6th Avenue.

“A crisis such as Hurricane Sandy reemphasizes how vital telecommunications and mass transit are to our society and reaffirm our efforts to build much needed infrastructure throughout the New York City subway system, including Help Point Intercom units, which connect passengers to emergency and transit assistance,” said William Bayne Jr., CEO of Transit Wireless.

“We are working hand-in-hand with AT&T, T-Mobile, Boingo and the Metropolitan Transportation Authority to minimize any delays to our construction schedule in light of the massive recovery efforts under way in the city.”

jennifer.fermino@nypost.com

Read More..

Growing middle class feeds spirits business in Latin America

Diageo executive Randy Millian is proud of the fact that eight out of every 12 times someone pours a standard or premium whiskey in the Latin American and Caribbean region, they’re drinking one of his company’s brands.

That kind of dominance is why the spirits giant is bullish on its future in Latin America, which recently has been the fastest growing region for Diageo worldwide. In 2012, the Latin America and Caribbean region represented 12 percent of Diageo’s net worldwide sales and 11 percent of the company’s operating profit. Diageo hopes Brazil will become one of its top three markets by 2017, behind the U.S. and the United Kingdom.

But getting there hasn’t been easy. During periods of economic and political unrest in the region over the last decade, there were times when it would have been more profitable for Diageo to pull back, said Millian, president of Diageo Latin America and the Caribbean. Yet, the company focused on growing its scotch business across the region and it paid off. Over the last eight years, Diageo has increased sales more than two and a half times and almost tripled its operating profit.

“I believed it would get good,” said Millian, who supervises more than 3,000 employees across the region and 119 in Miami. “But I’m not sure I realized it would get this good.”

Millian has been running the region out of Diageo’s Miami office for more than a decade. But he’s also no stranger to this part of the world. He first lived in Argentina as a child and during his career has done stints in Venezuela, Brazil, Mexico and Costa Rica.

The Miami Herald sat down with Millian during a media day, which was part of a Diageo investor conference in Miami spotlighting the success in the Latin American and Caribbean region. Here is some of what Millian had to say:

Q. Has your growth over the last decade been comparable to Diageo’s growth around the world?

We would definitely be in the top positions in the league within Diageo. That’s one of the reasons they’re focusing on us. Like many corporations, the emerging markets have a huge potential for growth. I’m including Asia-Pacific, Africa and Latin America. We are seeing higher growth rates than we are seeing in the developed world, especially Europe. Although the U.S. is starting to come back, the growth rates in the emerging markets are significantly higher.

Q. What is driving the growth Diageo is experiencing in Latin America?

The improved demographics. You now have over 50 percent of the population who is middle class. You have had an increase in spending. Not only are there more people in the middle class, but you have more people in the (upper) class. We expect over the next year to have 60 million more people in the (upper) class. They’re also learning to spend money in different ways.

Q. In what countries do you see the most growth or most opportunities for future growth? Is Brazil the main focus?

There has been broad growth in Brazil, Colombia, Mexico, Chile and Peru. We have seen it all over, but those would be the ones we’re focusing on. It’s not just Brazil, it’s throughout the region.

Q. Why did you remain committed to this region over years when there was not a lot of growth and there was a lot of political and economic unrest in some countries?

Read More..

Allen West seeks hearing after opponent declares victory in congressional race

The St. Lucie County canvassing board has missed a noon deadline to file election results to the Division of Elections, prompting campaign officials for Patrick Murphy to declare the political newcomer the winner in the race for congressional District 18 race.

Under Florida law, the final certified results were due from all of the state’s 67 supervisors of elections today. If the results do not arrive on time, the certified unofficial results submitted last Sunday stand. Those results have Murphy winning by 0.58 percent. A spread of less than 0.5 percent would have triggered an automatic recount.

“All Patrick Murphy wanted was to follow the law,” said attorney Gerald Richman, a member of Murphy’s legal team. “They absolutely missed it (deadline). Whatever it is, it is. We just want the law to be followed.”

Tim Edson, Murphy’s campaign manager, disagreed.

“As usual, Murphy’s people are full of garbage,” Edson said. “This is something the secretary of state and governor will have to sort out.”

Edson said other problems arose this morning. The recount showed 900 voters cast ballots in precinct 93, where there are 7 registered voters, Edson said.

“We have concerns here,” Edson said. “The results are raising more questions.”

Shortly after the deadline passed, attorneys for West headed to the St. Lucie County Courthouse to request an emergency hearing on the issue. It is not known if a hearing has been scheduled.

The canvassing board resumed ballot counting at 8 a.m. this morning in the tight congressional race between West, R-Palm Beach Gardens, and Murphy under the watchful eyes of dozens of attorneys and supporter of both candidates.

Canvassing board member Tod Lowery, who regularly updates the audience on the process, said the board still had write-in ballots and other questionable ballots from eight days of early voting to review before the noon deadline, by which the state’s 67 supervisors of elections must submit their final, certified tallies.

Last Sunday, the canvassing board agree to recount ballots cast the last three days of early voting after election officials revealed that machines had been unable to read some of the electronic memory cartridges. West’s attorneys then sought a recount of all early ballots after the elections office conceded to double-counting some ballots and ignoring others on election night.

“There was such a cloud of suspicion,” said Jeffrey Scott Shapiro, a Boca Raton attorney on the West legal team. Shapiro observed much of the ballot review in Palm Beach County.

“I felt the way the Palm Beach County supervisor of elections handled it created suspicion, and I still don’t know if it was unnecessary or justified,” Shapiro said.

That recount began at 9:40 a.m. Saturday and continued until 10 p.m. Unlike the four-day ballot review in Palm Beach County that ended Nov. 10 — where Palm Beach Supervisor of Elections Susan Bucher offered few updates and ignored or routinely declined to answer questions from reporters, attorneys and the public — the St. Lucie County Canvassing Board has allowed representatives has encouraged officials from both campaigns to agree on protocol. That includes how and when results will be released today.

“We just want to be transparent and assure voters that every vote is counted,” said County Judge Kathryn Nelson, a member of the canvassing board.

Murphy’s campaign officials declined to comment on the recount process. However, Edson said he is pleased with how smoothly the recount has gone and impressed with the canvassing board’s attention to detail.

“I’m confident with what we’ve seen here, the results will be accurate,” Edson said.

One lingering concern remains: the West team’s request to view the poll sign-in sheets from election day. Edson said they had received some of those records from Palm Beach County and have not received the sign-in sheets — which voters sign went the vote — in St. Lucie County. West’s campaign wants to compare the number of signatures on the poll sign-in sheets to the computer tabulations.

Read More..

'Twilight' finale has 8th highest-grossing debut in US with $141.3M

LOS ANGELES — The sun has set on the "Twilight" franchise with one last blockbuster opening for the supernatural romance.

"The Twilight Saga: Breaking Dawn — Part 2" sucked up $141.3 million domestically over opening weekend and $199.6 million more overseas for a worldwide debut of $340.9 million.

The finale ranks eighth on the list of all-time domestic debuts, and leaves "Twilight" with three of the top-10 openings, joining 2009's "New Moon" (No. 7 with $142.8 million) and last year's "Breaking Dawn — Part 1" (No. 9 with $138.1 million).

Last May's "The Avengers" is No. 1 with $207.4 million. "Batman" is the only other franchise with more than one top-10 opening: last July's "The Dark Knight Rises" (No. 3 with $160.9 million) and 2008's "The Dark Knight" (No. 4 with $158.4 million).

AP

Robert Pattinson and Kristen Stewart in a scene from "The Twlight Saga: Breaking Dawn Part 2"

Read More..