Powerful N.Y. legislator Silver convicted in bribery case

NEW YORK (Reuters) – Sheldon Silver, one of New York’s most powerful politicians for two decades, was convicted on Monday of abusing his office to collect as much as $4 million in illegal bribes and kickbacks.


Sleep Country back with $185M secondary offering, within 180 days of going public

Less than five months back, the existing shareholders at the about-to-go public Sleep Country Holdings Canada, entered into a lock up agreement limiting their ability to sell shares for a period time in the future.

As stated in the final prospectus, “the Company, the Existing Shareholders and each of the Company’s directors have agreed not to… announce any intention to do so, in a public offering or by way of private placement or otherwise, any Common Shares or any securities convertible or exchangeable into Common Shares or any other securities of the Company, for a period of 180 days after the Closing Date, subject to certain limited exceptions.”

One of the exceptions was that “prior written consent of TD and BMO [the lead underwriters] was required.”

After the markets closed Monday Sleep Country – which prior to going public in July 2015 was owned by Birch Hill Equity Partners Management Inc., Westerkirk Capital Inc. and management – agreed to a $185 million bought deal. The underwriters plan to sell 10 million shares at $18.50 a share.

So presumably the underwriters gave the issuer the green light to sell more shares in the secondary offering.

The sale comes one day after the company hit a high as a public company of $19.94. But prior to announcing the deal the shares had traded down to $19.05.

At $18.50 the offer price represents a 3.1 per cent discount to the closing price on Monday.

AT&T to Raise Price of Grandfathered Unlimited Plans From $30 to $35

AT&T will raise the price of its grandfathered unlimited data plans from $30 to $35 in February of 2016, reports CNBC. The upcoming rate change is detailed on a page on AT&T’s website and is the first price hike the unlimited plan has seen in seven years.

Though AT&T no longer offers unlimited data plans to customers, a small number of customers continue to hold unlimited data plans that were purchased before AT&T discontinued them in 2010. AT&T’s current $30 unlimited data plan allows customers to use an unlimited amount of data, but AT&T does throttle with excessive data usage.

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As of February 16, the $30 price tag, which is in addition to voice costs, will rise to $35. The price hike comes just a couple of months after AT&T announced changes to its throttling practices. AT&T previously throttled customers on congested networks after 5GB of LTE data usage, but that cap was increased to 22GB in September, making unlimited plans more valuable.

AT&T plans to notify customers who will be impacted by the price increase. Customers who wish to cancel their wireless service because of the pricing increase will have early termination fees waived for affected lines. Price changes will take effect during each customer’s February billing period.

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American Airlines, union reach deal to hike agents’ pay

(Reuters) – Members of the association representing American Airlines Group Inc’s reservations and gate agents approved a new five-year contract that includes an immediate 30 percent average wage hike.


UPDATE 4-ICBC Standard Bank to pay $37 mln in landmark bribery plea deal

* First deferred prosecution agreement (DPA) in Britain (Adds SEC settlement, recasts first 12 paragraphs)

Goodbye To Holga, The Wacky Camera Blast From The Past

holga3 The Holga is a medium format mechanical toy camera that became a fan favorite when it was launched in 1981. Now, thirty-four years later, the company that currently makes the camera has closed up shop and has thrown away all of the tooling. “There is nothing available for sale,” said the manufacturer. Freestyle Photograph Services announced the death in a blog post.… Read More

The Best of Tony Robbins on Mondays with Marlo

We’ve had so many great guests on over the years, but for timeless advice we can always rely on, there’s no one better than Tony Robbins. Tony is an expert life coach for the famous and ordinary alike, and is willing to help us overcome any fear. I’ve had Tony on the show a couple times now, and his words still ring true, to this day! Watch the videos to learn great tips on everything from money to sex to aging.

Get Tony’s latest book, Master The Money Game: 7 Steps To Financial Freedom, for free online! And follow him on Twitter or Facebook for more great tips.

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Trump says meeting with U.S. black clergy went ‘very well’

NEW YORK (Reuters) – Republican presidential front-runner Donald Trump met a group of black pastors on Monday over the objection of other African-American clergy and academics who had assailed what they called the candidate’s racially charged rhetoric.