Beyonce Inks $50 Million Deal With Pepsi
Label: LifestylePepsi is back in business with Beyonce Knowles, and it only cost them $50 million!
The Super Bowl XLVII half-time headliner, 31, will be featured in a new Pepsi commercial and several appearances for the brand, The New York Times reports, but in addition, the company will also be involved in a few of Beyonce's creative projects.
Pepsi will promote Queen B's tour next year as well as the release of her new album in 2013.
RELATED PIC: Beyonce to Perform at Super Bowl Half-Time Show
This isn't the first time Beyonce and Pepsi have worked together. Check out the pop princess' 2003 commercial, below:
Ex-Mayor Ed Koch leaves hospital
Label: HealthFormer New York Mayor Ed Koch has been released from a Manhattan hospital.
Koch looked jovial as he spoke briefly Monday outside NewYork-Presbyterian Hospital. He was admitted last week with pneumonia and flu.
He said he planned to go to his office briefly, then do some reading at home.
On Friday, Koch said through a spokesman that he was looking forward to celebrating his 88th birthday this Wednesday. He'll be at an annual reunion with members of his administration at Gracie Mansion, the official mayor's residence.
Koch also was hospitalized with anemia in September.
TOMAS E. GASTON
Former Mayor Ed Koch flashes a thumbs up after leaving the hospital today.
Koch served three terms from 1978 to 1989. The Democrat is famous for asking constituents, "How'm I doing?"
AutoNation: Back in the fast lane with expansion, higher sales
Label: Business
Despite an agonizingly slow economic recovery, the country’s largest auto retailer, Fort Lauderdale-based AutoNation, is thriving again as demand for vehicles expands.
The company, one of Florida’s largest, is posting increasingly strong profits and revenues. Just last week, in a sign of confidence, Autonation announced a major acquisition — buying six large auto stores in Texas — that will add about 700 employees to its national payroll of 19,400.
In announcing the deal Tuesday, which is expected to provide AutoNation with $575 million in additional revenues next year, the company’s CEO and chairman, Mike Jackson, expressed optimism about the prospects for continued growth in vehicle sales.
“You want to know what I’m thinking, look at what I do,” Jackson told viewers on CNBC’s Squawk Box program.
No information was released on the cost of the transactions, but in recent years auto dealerships sometimes sold for three to five times revenue, which would represent a significant investment for the company.
Tough times
To be sure, AutoNation has struggled through some tough times. It was battered by the Great Recession, which depressed sales and pushed the company into a $1.2 billion loss four years ago. As sales began to improve in 2010 and 2011, it was blindsided by a shortage of Japanese-made cars last year after the earthquake and tsunami in March 2011 shut down Japanese manufacturers of some essential components.
Since then, however, AutoNation has rebounded. Unit sales, revenues and profits all performed well in the first three quarters of this year, and the company expects new vehicle sales to continue their recovery nationwide, rising to the mid-14 million units this year, up from about 12.7 million in 2011. In the third quarter of 2012, AutoNation’s new car unit sales grew by 21 percent over the same period in 2011, doing better than an estimated 15 percent increase industry wide. November’s sales of new vehicles increased by 21 percent over November 2011 .
The big dealerships acquired sell Audi, Porsche, Volkswagen and Chrysler products in the Houston and Dallas-Fort Worth markets. They are expected to sell 14,000 new and used autos this year, and will add substantially to AutoNation’s future sales.
“We are in the right industry at the right time,” Jackson said during an interview. “The recovery in new vehicle sales is being driven by replacement demand,” added Jackson, who has 42 years of experience in the auto business. “The average age of the light vehicle fleet in the country has increased to 11 years, and even though cars and trucks last longer today, they can’t go on forever. About 12 to 13 million vehicles are scrapped every year and need to be replaced.”
Other factors are contributing to stronger demand for vehicles. “The population is growing, interest rates are low, there is ample credit available and manufacturers are producing a wide range of new models that offer attractive styling, power and greatly improved gas mileage,” said Jackson, who took over as AutoNation’s CEO in 1999. “Auto financing is more available than it has been in recent years. A little known fact is that people are more likely to default on a mortgage than on a vehicle loan.”
State scraps plan to have private vendors make license tags
Label: World
TALLAHASSEE --
Backing away from a possible court fight, the Florida Department of Highway Safety and Motor Vehicles announced Friday that it will halt its attempt to bid license tag services to private vendors.
Tax collectors — who distribute state tags — and two manufacturing groups tried to block the change by lobbying elected officials and filing legal action against the department.
Highway Safety Chief Julie Jones had wanted to save money by paying private companies $31.4 million over two years to make tags and distribute mail and online orders, but she abandoned the idea under pressure from Attorney General Pam Bondi and Chief Financial Officer Jeff Atwater, among others.
“We listened to what everyone had to say, considered questions that vendors posed and received information from our tax collector partners,” Jones said. “Based on the input, we have decided to withdraw [efforts to privatize].”
The decision will keep Florida out of administrative court, which is where it seemed headed Tuesday after department lawyers shut down tax collectors’ requests to retract its invitation to bidders.
Jones’ change of heart earned praise from Bondi, who said the department “did the right thing.”
Manufacturing company Avery Dennison and St. Petersburg-based PRIDE, a nonprofit organization that uses prisoners to manufacture tags, filed formal protests and met with state officials this week.
For them, the state’s decision may only be a temporary victory.
Stephen Hurm, an attorney for the state highway agency, told tax collectors Friday the department will not seek to privatize plate distribution but could reignite the push as early as January to bid out the manufacturing role.
The state may want to switch from raised tags to the more modern flat tags that are thought to be more legible for red light and toll cameras. PRIDE doesn’t have the equipment to make flat tags.
Hillsborough County Tax Collector Doug Belden says he will fight the state if it moves to exclude PRIDE.
“Why change a system that is working well and that customers enjoy? My job as an elected official is to provide the most friendly, capable customer service for the best price. We’re doing that,” said Belden, who criticized Jones for excluding tax collectors in her decisions.
Belden, along with PRIDE lobbyist Wilbur Brewton, argue that flat tags are no easier to read and are more expensive — which will result in more fees for motorists. The company may try to invest in new technology if that’s what it takes to continue working with the state, Brewton said.
“Is the equipment currently sitting in the plant to do it? No,” he said. “This could cause harm, but we would have to calculate that once we see the details.”
Jones hasn’t committed to any tag — flat or raised, she said. She just wants something legible and well-priced.
“We want to get the best product moving into the future in terms of technology, but at a cost that’s affordable,” Jones said. “This is going to be done in a cost-effective manner.”
The controversy over the tags is not expected to stall a planned redesign.
Floridians can continue to vote on four designs for a new state tag at Vote4FloridaTag.com. About 50,000 people have weighed in. The deadline is Dec. 14.
Brittany Alana Davis
can be reached at bdavis@tampabay.com .
Software guru McAfee did not have heart attack: lawyer
Label: TechnologyGUATEMALA CITY (Reuters) – Software pioneer John McAfee did not have a heart attack in Guatemala as originally thought, but is suffering from stress and hypertension, his lawyer Telesforo Guerra said on Thursday.
“He never had a heart attack. Nothing like that,” Guerra said in Guatemala City. “I’m not a doctor. I’m just telling you what the doctors told me. He was suffering from stress, hypertension and tachycardia (an abnormally rapid heartbeat).”
After being rushed to a hospital in an ambulance on Thursday, McAfee, 67, was later spirited out of the building out of sight of reporters and into a police patrol car, Guerra said.
McAfee, who is fighting deportation from Guatemala, was detained on Wednesday after crossing illegally into the country from neighboring Belize. Police in Belize want to question McAfee in connection with his neighbor’s murder.
Earlier, Guerra said McAfee had suffered two mild heart attacks in the morning.
(Reporting by Lomi Kriel; Editing by Stacey Joyce)
Internet News Headlines – Yahoo! News
How They Pulled Off 'The Impossible'
Label: LifestyleThe true story of the devastating 2004 tsunami that consumed the coast of Phuket, Thailand -- and how one family survived it -- is reenacted by Naomi Watts and Ewan McGregor in The Impossible. Watch the video to go behind the scenes...
Video: Tsunami Survivor Petra Nemcova Reacts to Latest Disaster in Japan
In theaters December 21, The Impossible finds Naomi as Maria and Ewan as her husband Henry, who are enjoying their winter vacation in Thailand with their three sons. On the day after Christmas, their relaxing holiday in paradise becomes an exercise in terror and survival when their beachside hotel is pummeled by an extraordinary, unexpected tsunami.
Video: Watch the Trailer for 'The Impossible'
The Impossible tracks just what happens when this close family and tens of thousands of strangers must come together to grapple with the mayhem and aftermath of one of the worst natural catastrophes of our time.
'Skyfall' narrowly tops weekend box office with estimated $11 million
Label: HealthLOS ANGELES — James Bond is in a box-office photo finish with Santa Claus and the Easter Bunny.
According to studio estimates Sunday, the Bond tale "Skyfall" took in $11 million to move back to No. 1 in its fifth weekend.
That puts it narrowly ahead of "Rise of the Guardians," the animated adventure of Santa, the Easter Bunny and other mythological heroes that pulled in $10.5 million.
The two movies inched ahead of "The Twilight Saga: Breaking Dawn — Part 2," which had been tops for three-straight weekends. The "Twilight" finale earned $9.2 million, slipping into a tight race for No. 3 with "Lincoln," which was close behind with $9.1 million.
AP
Daniel Craig in a scene from "Skyfall"
The only new wide release, Gerard Butler's romantic comedy "Playing for Keeps," flopped with $6 million, coming in at No. 6.
Events showcase Miami’s growth as tech center
Label: Business
One by one, representatives from six startup companies walked onto the wooden stage and presented their products or services to a full house of about 200 investors, mentors, and other supporters Thursday at Incubate Miami’s DemoDay in the loft-like Grand Central in downtown Miami. With a large screen behind them projecting their graphs and charts, they set out to persuade the funders in the room to part with some of their green and support the tech community.
Just 24 hours later, from an elaborate “dojo stage,” a drummer warmed up the crowd of several hundred before a “Council of Elders” entered the ring to share wisdom as the all-day free event opened. Called TekFight, part education, part inspiration, and part entertainment, the martial arts-inspired program challenged entrepreneurs to earn points to “belt up” throughout the day to meet with the “masters” of the tech community.
The two events, which kicked off Innovate MIA week, couldn’t be more different. But in their own ways, like a one-two punch, they exuded the spirit and energy growing in the startup community.
One of the goals of the TekFight event was to introduce young entrepreneurs and students to the tech community, because not everyone has found it yet and it’s hard to know where to start, said Saif Ishoof, the executive director of City Year Miami who co-founded TekFight as a personal project. And throughout the event, he and co-founder Jose Antonio Hernandez-Solaun, as well as Binsen J. Gonzalez and Jeff Goudie, wanted to find creative, engaging ways to offer participants access to some of the community’s most successful leaders.
That would include Alberto Dosal, chairman of CompuQuip Technologies; Albert Santalo, founder and CEO of CareCloud; Jorge Plasencia, chairman and CEO of Republica; Jaret Davis, co-managing shareholder of Greenberg Traurig; and more than two dozen other business and community leaders who shared their war stories and offered advice. Throughout the day, the event was live-streamed on the Web, a TekFight app created by local entrepreneur and UM student Tyler McIntyre kept everyone involved in the tournament and tweets were flying — with #TekFight trending No. 1 in the Miami area for parts of the day. “Next time Art Basel will know not to try to compete with TekFight,” Ishoof quipped.
‘Miami is a hotbed’
After a pair of Chinese dragons danced through the audience, Andre J. Gudger, director for the U.S. Department of Defense Office of Small Business Programs, entered the ring. “I’ve never experienced an event like this,” Gudger remarked. “Miami is a hotbed for technology but nobody knew it.”
Gudger shared humorous stories and practical advice on ways to get technology ideas heard at the highest levels of the federal government. “Every federal agency has a director over small business — find out who they are,” he said. He has had plenty of experience in the private sector: Gudger, who wrote his first computer program on his neighbor’s computer at the age of 12, took one of his former companies from one to 1,300 employees.
There were several rounds that pitted an entrepreneur against an investor, such as Richard Grundy, of the tech startup Flomio, vs. Jonathan Kislak, of Antares Capital, who asked Grundy, “why should I give you money?”
Preservation board to decide on Herald building
Label: World
The city of Miami’s historic preservation office has compiled a lengthy, detailed report that substantially bolsters the case for designation of The Miami Herald’s “monumental’’ bayfront building as a protected landmark based on both its architectural merits and its historic significance.
Somewhat unusually, the 40-page report by city preservation officer Megan McLaughlin, which is supplemented by 30 pages of bibliography, plans and photographs, carries no explicit recommendation to the city’s preservation board, which is scheduled to decide the matter on Monday.
But her analysis gathers extensive evidence that the building’s history, the influential executives and editors associated with it, and its fusion of Mid-Century Modern and tropical Miami Modern (MiMo) design meet several of the legal criteria for designation set out in the city’s preservation ordinance and federal guidelines. A building has to meet just one of eight criteria to merit designation.
A spokeswoman for the city’s historic preservation office said there is no obligation to make a recommendation and the city’s preservation board didn’t ask for one.
Supporters of designation, including officials at Dade Heritage Trust, the preservation group that has received sometimes withering criticism from business and civic leaders for requesting designation, said they felt vindicated by the report, even as they concede that persuading a board majority to support it remains an uphill battle.
“It’s important that an objective expert is saying basically the same thing we’ve been saying, particularly in an environment where there is so much pressure,’’ said DHT chief executive Becky Roper Matkov. “It’s very hard to refute. When you look at the building’s architecture and history, it’s so blatantly historic, what else can you say?’’
The report also rebuts key pieces of criticism of the designation effort leveled by opponents of designation, including architects and a prominent local preservation historian hired by Genting, the Malaysian casino operator that purchased the Herald property last year for $236 million with plans to build a massive destination resort on its 10 acres. The newspaper remains in the building rent-free until April, when it will move to suburban Doral.
Citing federal rules, McLaughlin concluded that the building dates to its construction in 1960 and 1961, and not to its formal dedication in 1963. That’s significant because it makes the building legally older than 50 years. Buildings newer than that must be “exceptionally significant’’ to merit designation under city regulations. Opponents of designation have claimed the building does not qualify because it’s several months short of 50 years if dated from its ’63 opening.
The property also has a “minimal’’ baywalk at the rear but there is room to expand it, the report indicates. The building is considerably set back from the edge of Biscayne Bay, between 68 feet at the widest point and 23 feet at its narrowest, the report says. That’s comparable to what many new buildings provide, thanks in part to variances granted by the city, and could blunt criticism that the Herald building “blocks’’ public access to the bay.
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