| Retailers expose consumers to data theft, says survey
Many large retailers in the UK, US, and Europe are exposing customers to theft of credit card information by using insecure wireless network connections, according to a survey of 3,000 shops in big cities, including London. The survey by wireless security company Air Defense showed that 85% of wireless devices used by retailers, risked theft of customer and business data. "Protecting consumer and retailer information is the most important job for retailers, and a layered wireless security approach is the only way to prevent proprietary information disappearing," said Richard Rushing, chief security officer at Air Defense. .
Issue of Venezuelan debt bonds up USD 1.65 billion
The latest issue of Venezuelan debt bonds raised USD 1.65 in Venezuelan bolivars and US dollars, according the director of public credit, Luis Dávila. While the issue was scheduled at USD 1.5 billion, the sum was increased "to meet high demand." "This is not about an additional indebtedness, but we are replacing old debt with new debt," Dávila said in a statement, without answering any questions. Last Tuesday, the Ministry of Finance issued a list of errata advising investors about the changes to the interest rate payable to Venezuelan bolivar-denominated bonds sold recently together with US dollar-denominated bonds. The list of errata explained that Vebonos maturing in 2014 bear an interest rate of 11.54 percent rather than 11.98 percent.
Town of Highlands
Municipality: Town of Highlands
Title of office: Supervisor
Name: Thomas L. Murphy
Party: Republican
Age: 55
Profession: 30 years in Hardware/Home Improvement Industry, currently Store Manager Hoffman�s True Value, Highland Falls, NY
Personal: Married, 5 Adult Children
Education: Highland Falls High School
Experience in public office: 12 years, including two terms as Town Supervisor (2000-2003) and two terms as Councilman (1986-1993)
Why you are running for office: Current board/Supervisor is not representing all the residents, out of control spending and rising taxes, lack of progress on important issues
Municipality: Town of Highlands
Title of office: Town Supervisor
Name: Inga M. Quaintance (incumbent)
Party: Democratic, Conservative
Age: 66
Profession: Retired teacher of French and German; Dean of Students
Personal: Married to Charles Lee Quaintance for 45 years; mother of Lee, 44, and Elizabeth, 28; Grandmother of Charlie, Catherine and Henry.
NovaStar Financial Announces Third-Quarter 2007 Results and Third Quarter Investor Conference Call
KANSAS CITY, Mo., Nov. 14 /PRNewswire-FirstCall/ -- NovaStar Financial, (Nachrichten) Inc. , a non-conforming residential mortgage portfolio manager and retail broker of mortgage loans, today reported third-quarter 2007 results. For the quarter ended September 30, 2007, NovaStar reported a net loss available to common shareholders of $598.0 million, or $64.05 per fully diluted common share. Third-quarter 2006 net income available to common shareholders was $25.3 million, or $2.91 per diluted share. Per share data for both periods reflect a one-for-four reverse split which occurred on July 27, 2007. For the nine months ended September 30, 2007, NovaStar had a shareholders' deficit of $80.7 million. Faced with continued deterioration of nonprime lending fundamentals and the secondary market for loans, NovaStar has taken several actions to preserve liquidity, curtail risks associated with originating or holding loans and reduce its workforce.
Central Jersey Bancorp Announces a 44 Percent Increase in Net Income for the 3rd Quarter of 2007
LONG BRANCH, N.J., Oct. 25, 2007 (PRIME NEWSWIRE) -- Central Jersey Bancorp (NasdaqGM:CJBK - News), the parent company of Central Jersey Bank, N.A., reported net income of $631,000 for the three months ended September 30, 2007, as compared to $437,000 for the same period in 2006. This represents an increase of $194,000, or 44.4%. The reported net income for the three months ended September 30, 2007 is inclusive of approximately $120,000, net of tax, in one-time charges related to the closing of two branch offices during the period. It is anticipated that the annual cost savings associated with these branch closures will approximate $400,000, net of tax. Basic and diluted earnings per share were both $0.07 and $0.05 for the three months ended September 30, 2007 and 2006, respectively. Per share earnings have been adjusted in all periods to reflect the 5% stock dividends paid on July 2, 2007 and July 1, 2006.
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