Blog Posts by Simplus Information Services

  • Why this startup bubble won't pop like the last

    bubble bursting(Eduardo Munoz/Reuters)
    When many people hear that the tech bubble is going to burst, they harken back to 2000 or 2008 when the floor fell out of the tech industry.

    "Other than the fact that they are cycles of eight, the three sort of periods are very, very different," warns Hemant Taneja, managing director of General Catalyst Partners.

    The first collapse came at the end of the dot-com bubble in 2000 after companies had gone public, only to disintegrate and run out of money completely.

    The subsequent bubble burst came in 2008 when there was a financial crisis that rocked the country across all industries.

    Now in 2016, venture capitalists are worried that a slowdown is happening again. Faced with some rockiness in the public markets, the tech community has shifted from greed to fear — yet the capital is still there to be invested.

    "In 2008, what really happened was the financial crisis. There was good reason why there was a liquidity crisis and capital started to get sparse," Taneja

    Read More »from Why this startup bubble won't pop like the last
  • DAYTON, Ohio (AP) — A man approached a school playground during recess and stabbed a 7-year-old girl Friday, leaving her seriously hurt, police said.

    Dayton police said Friday evening they were still searching for a suspect who ran from the World of Wonder school following the afternoon attack. They said officers had unsuccessfully tried to track him with a police dog and canvassed the neighborhood.

    Police described the suspect as a black man estimated to be 18 to 20 years old and a little less than 6 feet tall, wearing athletic shorts and a beige or green sweatshirt over an orange shirt.

    A motive for the stabbing wasn't clear. Police didn't publicly identify the victim, who initially had been reported to be an 8-year-old girl.

    Dayton schools spokeswoman Jill Moberley told the Dayton Daily News that the security guard who is usually in the school wasn't there Friday. She said two guards quickly responded to the scene from a high school two blocks away.

    In a note to parents of World of

    Read More »from Man enters school playground, stabs 7-year-old at recess
  • Trump to face trial after election in Trump University suit

    A federal judge says Donald Trump will go to trial in a class-action lawsuit against his now-defunct Trump University after the presidential election but before inauguration if he wins the White House

    SAN DIEGO (AP) -- Donald Trump will go to trial in a class-action lawsuit against his now-defunct Trump University after the presidential election but before inauguration if he wins the White House, setting the stage for a president-elect to take the witness stand.

    U.S. District Judge Gonzalo Curiel on Friday scheduled trial for Nov. 28 in the suit that alleges people who paid up to $35,000 for real estate seminars got defrauded. The likely Republican nominee planned to attend most, if not all, of the trial and would testify, Trump attorney Daniel Petrocelli said.

    "He has very, very strong feelings about this case," Petrocelli told reporters.

    Petrocelli asked for a trial after Inauguration Day on Jan. 20, but the judge raised concerns about distractions if Trump wins the election. The attorney said the period between the election and swearing-in is extremely hectic for a president-elect but that it was preferable

    Read More »from Trump to face trial after election in Trump University suit
  • 11-year-old's slaying spreads grief far beyond Navajo Nation

    More than 3,000 people have attended the funeral of Ashlynne Mike, an 11-year-old girl whose kidnapping and death spread grief far beyond the Navajo Nation

    FARMINGTON, N.M. (AP) -- She was a budding musician and talented artist, a girl whose death at the hands of a man who authorities say lured her into his van spread grief far beyond her home on the Navajo Nation.

    More than 3,000 people turned out Friday for Ashlynne Mike's funeral in Farmington, New Mexico, weeping as images of the 11-year-old girl were displayed overhead and the sounds of her xylophone rang out in the auditorium. A headstone created for her grave read "our little angel in heaven."

    The crowd far outnumbered the community of Lower Fruitland, where Ashlynne was raised with her father and siblings. Entire families, hugging each other and their children, sat before her small white coffin. Many wore yellow T-shirts. Navajo Nation Council Speaker LoRenzo Bates said yellow represents hope, strength and resilience, and it was one of her favorite colors.

    New Mexico Gov. Susana Martinez called on the

    Read More »from 11-year-old's slaying spreads grief far beyond Navajo Nation
  • Federal grant will restore passenger rail to western Vermont

    Amtrak passenger trains could be rolling into Vermont's largest city in about four years after the final upgrade is completed on a 75-mile stretch of track between Rutland and Burlington

    BURLINGTON, Vt. (AP) -- Amtrak passenger trains could be rolling into the state's largest city in about four years after the final upgrade is completed on a 75-mile stretch of track between Rutland and Burlington, transportation officials said Friday.

    U.S. Transportation Secretary Anthony Foxx was in Burlington, where he announced the state has won a $10 million federal grant that will help pay for upgrades including 11 miles of continuously welded rail.

    "We don't take the position that we just put steel and concrete and asphalt out on the roadways and the railways," Foxx said. "We take the view that everything we're doing is connecting people to the 21st-century economy."

    Passenger rail service to Burlington ended about half a century ago although the Amtrak Vermonter passes through Essex Junction, 7 miles northeast of Burlington, which has more than 40,000 residents and is the state's biggest city.

    Read More »from Federal grant will restore passenger rail to western Vermont
  • Videotaped Deposition of Sumner Redstone Airs in Competency Case

    Sumner Redstone had an epithet this week for the woman who brought a lawsuit challenging his mental competency, repeating it several times during a deposition. The way he expressed those words may be more telling.

    For the past few years, Wall Street and business rivals have been in the dark about the declining health of 92-year-old Mr. Redstone, the controlling shareholder of Viacom Inc. and CBS Corp.

    He stopped appearing at their earnings calls and hasn’t been to the companies’ annual meetings since 2014. It was anyone’s guess as what his absence meant.

    On Friday, they got their first insight through the transcript of a videotaped deposition of Mr. Redstone that aired in the first day of the trial. While tawdry claims have riveted Hollywood, the saga has held two major corporations hostage.

    In his deposition, the media mogul struggled to respond to questions with the help of an interpreter, who asked him repeatedly to slow down and

    Read More »from Videotaped Deposition of Sumner Redstone Airs in Competency Case
  • The Latest: Judge eyes dismissal of mogul's competency case

    A judge says he will consider dismissing a claim by Sumner Redstone's ex-girlfriend that the ailing media mogul was incompetent when he kicked her out of his life last year

    LOS ANGELES (AP) -- The Latest on a trial that will determine whether media mogul Sumner Redstone is mentally competent (all times local):

    4:45 p.m.

    A judge says he will consider dismissing a claim by Sumner Redstone's ex-girlfriend that the ailing media mogul was incompetent when he kicked her out of his life last year.

    Los Angeles County Superior Court Judge David J. Cowan said he found Redstone's videotaped testimony compelling and there may be no need to hear additional evidence.

    Cowan told attorneys to send him briefs laying out the state of evidence from Friday — the first day of trial — and he would consider a request by Redstone's lawyers to dismiss the case Monday.

    Herzer's lawyer Pierce O'Donnell said he thought his side could demonstrate the need for the trial to continue.

    ___

    12:30 p.m.

    A doctor who evaluated

    Read More »from The Latest: Judge eyes dismissal of mogul's competency case
  • Trump wants to break records with final primary votes

    OMAHA, Nebraska (AP) — Donald Trump seems more interested in running up the score than projecting unity.

    The billionaire mogul on Friday urged his Nebraska supporters to help him break the record for most votes in a Republican primary by turning out to vote Tuesday, but made little mention of uniting the party behind him now that he's his party's presumptive presidential nominee.

    "We have to go on Tuesday and vote because we're looking to break the all-time record," Trump said as he kicked off a rally in a private air hangar near the Omaha airport. "We want to create such a record like they haven't had before."

    The request marked a change from Thursday night, when Trump told supporters in West Virginia to not bother casting primary ballots and to wait until the general election in November because he'd already effectively won the GOP presidential nomination.

    Nebraska and West Virginia both hold their primaries May 10.

    Trump and has been working behind the scenes to try to unite a fractured

    Read More »from Trump wants to break records with final primary votes
  • BALA CYNWYD, Pa.--(BUSINESS WIRE)--

    Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Lexmark International, Inc. ("Lexmark” or "the Company") (LXK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Apex Technology Co., Ltd. and PAG Asia Capital (“Apex”).

    Click here to learn more about the investigation http://brodsky-smith.com/1064-lxk-lexmark-international-inc.html, or call: 877-534-2590. There is no cost or obligation to you.

    Under the terms of the transaction, Lexmark shareholders will receive only $40.50 in cash for each share of Lexmark stock they own. The investigation concerns whether the Board of Lexmark breached their fiduciary duties to shareholders and whether Apex is underpaying for the Company. The transaction may undervalue

    Read More »from SHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Lexmark International, Inc.
    Contact:
    Brodsky & Smith, LLC
    Jason L. Brodsky, Esquire
    Evan J. Smith, Esquire
    877-LEGAL-90
    http://brodsky-smith.com/1064-lxk-lexmark-international-inc.html

  • Labour's Sadiq Khan elected 1st Muslim London mayor

    LONDON (AP) — Sadiq Khan became London's first Muslim mayor Saturday, as voters rejected attempts to taint him with links to extremism and handed a decisive victory to the bus driver's son from south London.

    Khan hailed his victory as the triumph of "hope over fear and unity over division."

    His win was the most dramatic result in local and regional elections that produced few big changes but underscored Britain's political divisions ahead of a referendum on whether to remain in the European Union.

    Labour Party candidate Khan received more than 1.3 million votes — 57 percent of the total — to Conservative rival Zac Goldsmith's 43 percent, after voters' first and second preferences were allocated.

    Turnout was a relatively high 45.6 percent, up from 38 percent in 2012.

    Khan's victory seemed certain for hours from partial results, but the official announcement came past midnight — more than 24 hours after polls closed — after delays due to what officials called "small discrepancies" in the

    Read More »from Labour's Sadiq Khan elected 1st Muslim London mayor

Blog Posts by Simplus Information Services

  • Why this startup bubble won't pop like the last

    bubble bursting(Eduardo Munoz/Reuters)
    When many people hear that the tech bubble is going to burst, they harken back to 2000 or 2008 when the floor fell out of the tech industry.

    "Other than the fact that they are cycles of eight, the three sort of periods are very, very different," warns Hemant Taneja, managing director of General Catalyst Partners.

    The first collapse came at the end of the dot-com bubble in 2000 after companies had gone public, only to disintegrate and run out of money completely.

    The subsequent bubble burst came in 2008 when there was a financial crisis that rocked the country across all industries.

    Now in 2016, venture capitalists are worried that a slowdown is happening again. Faced with some rockiness in the public markets, the tech community has shifted from greed to fear — yet the capital is still there to be invested.

    "In 2008, what really happened was the financial crisis. There was good reason why there was a liquidity crisis and capital started to get sparse," Taneja

    Read More »from Why this startup bubble won't pop like the last
  • DAYTON, Ohio (AP) — A man approached a school playground during recess and stabbed a 7-year-old girl Friday, leaving her seriously hurt, police said.

    Dayton police said Friday evening they were still searching for a suspect who ran from the World of Wonder school following the afternoon attack. They said officers had unsuccessfully tried to track him with a police dog and canvassed the neighborhood.

    Police described the suspect as a black man estimated to be 18 to 20 years old and a little less than 6 feet tall, wearing athletic shorts and a beige or green sweatshirt over an orange shirt.

    A motive for the stabbing wasn't clear. Police didn't publicly identify the victim, who initially had been reported to be an 8-year-old girl.

    Dayton schools spokeswoman Jill Moberley told the Dayton Daily News that the security guard who is usually in the school wasn't there Friday. She said two guards quickly responded to the scene from a high school two blocks away.

    In a note to parents of World of

    Read More »from Man enters school playground, stabs 7-year-old at recess
  • Trump to face trial after election in Trump University suit

    A federal judge says Donald Trump will go to trial in a class-action lawsuit against his now-defunct Trump University after the presidential election but before inauguration if he wins the White House

    SAN DIEGO (AP) -- Donald Trump will go to trial in a class-action lawsuit against his now-defunct Trump University after the presidential election but before inauguration if he wins the White House, setting the stage for a president-elect to take the witness stand.

    U.S. District Judge Gonzalo Curiel on Friday scheduled trial for Nov. 28 in the suit that alleges people who paid up to $35,000 for real estate seminars got defrauded. The likely Republican nominee planned to attend most, if not all, of the trial and would testify, Trump attorney Daniel Petrocelli said.

    "He has very, very strong feelings about this case," Petrocelli told reporters.

    Petrocelli asked for a trial after Inauguration Day on Jan. 20, but the judge raised concerns about distractions if Trump wins the election. The attorney said the period between the election and swearing-in is extremely hectic for a president-elect but that it was preferable

    Read More »from Trump to face trial after election in Trump University suit
  • 11-year-old's slaying spreads grief far beyond Navajo Nation

    More than 3,000 people have attended the funeral of Ashlynne Mike, an 11-year-old girl whose kidnapping and death spread grief far beyond the Navajo Nation

    FARMINGTON, N.M. (AP) -- She was a budding musician and talented artist, a girl whose death at the hands of a man who authorities say lured her into his van spread grief far beyond her home on the Navajo Nation.

    More than 3,000 people turned out Friday for Ashlynne Mike's funeral in Farmington, New Mexico, weeping as images of the 11-year-old girl were displayed overhead and the sounds of her xylophone rang out in the auditorium. A headstone created for her grave read "our little angel in heaven."

    The crowd far outnumbered the community of Lower Fruitland, where Ashlynne was raised with her father and siblings. Entire families, hugging each other and their children, sat before her small white coffin. Many wore yellow T-shirts. Navajo Nation Council Speaker LoRenzo Bates said yellow represents hope, strength and resilience, and it was one of her favorite colors.

    New Mexico Gov. Susana Martinez called on the

    Read More »from 11-year-old's slaying spreads grief far beyond Navajo Nation
  • Federal grant will restore passenger rail to western Vermont

    Amtrak passenger trains could be rolling into Vermont's largest city in about four years after the final upgrade is completed on a 75-mile stretch of track between Rutland and Burlington

    BURLINGTON, Vt. (AP) -- Amtrak passenger trains could be rolling into the state's largest city in about four years after the final upgrade is completed on a 75-mile stretch of track between Rutland and Burlington, transportation officials said Friday.

    U.S. Transportation Secretary Anthony Foxx was in Burlington, where he announced the state has won a $10 million federal grant that will help pay for upgrades including 11 miles of continuously welded rail.

    "We don't take the position that we just put steel and concrete and asphalt out on the roadways and the railways," Foxx said. "We take the view that everything we're doing is connecting people to the 21st-century economy."

    Passenger rail service to Burlington ended about half a century ago although the Amtrak Vermonter passes through Essex Junction, 7 miles northeast of Burlington, which has more than 40,000 residents and is the state's biggest city.

    Read More »from Federal grant will restore passenger rail to western Vermont
  • Videotaped Deposition of Sumner Redstone Airs in Competency Case

    Sumner Redstone had an epithet this week for the woman who brought a lawsuit challenging his mental competency, repeating it several times during a deposition. The way he expressed those words may be more telling.

    For the past few years, Wall Street and business rivals have been in the dark about the declining health of 92-year-old Mr. Redstone, the controlling shareholder of Viacom Inc. and CBS Corp.

    He stopped appearing at their earnings calls and hasn’t been to the companies’ annual meetings since 2014. It was anyone’s guess as what his absence meant.

    On Friday, they got their first insight through the transcript of a videotaped deposition of Mr. Redstone that aired in the first day of the trial. While tawdry claims have riveted Hollywood, the saga has held two major corporations hostage.

    In his deposition, the media mogul struggled to respond to questions with the help of an interpreter, who asked him repeatedly to slow down and

    Read More »from Videotaped Deposition of Sumner Redstone Airs in Competency Case
  • The Latest: Judge eyes dismissal of mogul's competency case

    A judge says he will consider dismissing a claim by Sumner Redstone's ex-girlfriend that the ailing media mogul was incompetent when he kicked her out of his life last year

    LOS ANGELES (AP) -- The Latest on a trial that will determine whether media mogul Sumner Redstone is mentally competent (all times local):

    4:45 p.m.

    A judge says he will consider dismissing a claim by Sumner Redstone's ex-girlfriend that the ailing media mogul was incompetent when he kicked her out of his life last year.

    Los Angeles County Superior Court Judge David J. Cowan said he found Redstone's videotaped testimony compelling and there may be no need to hear additional evidence.

    Cowan told attorneys to send him briefs laying out the state of evidence from Friday — the first day of trial — and he would consider a request by Redstone's lawyers to dismiss the case Monday.

    Herzer's lawyer Pierce O'Donnell said he thought his side could demonstrate the need for the trial to continue.

    ___

    12:30 p.m.

    A doctor who evaluated

    Read More »from The Latest: Judge eyes dismissal of mogul's competency case
  • Trump wants to break records with final primary votes

    OMAHA, Nebraska (AP) — Donald Trump seems more interested in running up the score than projecting unity.

    The billionaire mogul on Friday urged his Nebraska supporters to help him break the record for most votes in a Republican primary by turning out to vote Tuesday, but made little mention of uniting the party behind him now that he's his party's presumptive presidential nominee.

    "We have to go on Tuesday and vote because we're looking to break the all-time record," Trump said as he kicked off a rally in a private air hangar near the Omaha airport. "We want to create such a record like they haven't had before."

    The request marked a change from Thursday night, when Trump told supporters in West Virginia to not bother casting primary ballots and to wait until the general election in November because he'd already effectively won the GOP presidential nomination.

    Nebraska and West Virginia both hold their primaries May 10.

    Trump and has been working behind the scenes to try to unite a fractured

    Read More »from Trump wants to break records with final primary votes
  • BALA CYNWYD, Pa.--(BUSINESS WIRE)--

    Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Lexmark International, Inc. ("Lexmark” or "the Company") (LXK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Apex Technology Co., Ltd. and PAG Asia Capital (“Apex”).

    Click here to learn more about the investigation http://brodsky-smith.com/1064-lxk-lexmark-international-inc.html, or call: 877-534-2590. There is no cost or obligation to you.

    Under the terms of the transaction, Lexmark shareholders will receive only $40.50 in cash for each share of Lexmark stock they own. The investigation concerns whether the Board of Lexmark breached their fiduciary duties to shareholders and whether Apex is underpaying for the Company. The transaction may undervalue

    Read More »from SHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Lexmark International, Inc.
    Contact:
    Brodsky & Smith, LLC
    Jason L. Brodsky, Esquire
    Evan J. Smith, Esquire
    877-LEGAL-90
    http://brodsky-smith.com/1064-lxk-lexmark-international-inc.html

  • Labour's Sadiq Khan elected 1st Muslim London mayor

    LONDON (AP) — Sadiq Khan became London's first Muslim mayor Saturday, as voters rejected attempts to taint him with links to extremism and handed a decisive victory to the bus driver's son from south London.

    Khan hailed his victory as the triumph of "hope over fear and unity over division."

    His win was the most dramatic result in local and regional elections that produced few big changes but underscored Britain's political divisions ahead of a referendum on whether to remain in the European Union.

    Labour Party candidate Khan received more than 1.3 million votes — 57 percent of the total — to Conservative rival Zac Goldsmith's 43 percent, after voters' first and second preferences were allocated.

    Turnout was a relatively high 45.6 percent, up from 38 percent in 2012.

    Khan's victory seemed certain for hours from partial results, but the official announcement came past midnight — more than 24 hours after polls closed — after delays due to what officials called "small discrepancies" in the

    Read More »from Labour's Sadiq Khan elected 1st Muslim London mayor

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