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(Reuters) - DirecTV said an internal investigation found that its Latin America unit had over-reported subscriber numbers at the end of March by about 200,000 due to improper practices by some employees.
The satellite TV provider said some Sky Brasil employees had improperly credited subscriber accounts to reduce or eliminate balances owed, artificially reducing attrition.
The company said it expected to take a pretax charge of about $25 million in the second quarter to recognize the increased churn.
Based on initial results of the investigation, the company estimated that the number of Sky Brasil subscribers as of December 31, 2012 would have been about 100,000 lower than previously reported to Brazil's national telecommunication agency.
The subscriber count at March 31 would have been about 200,000 lower, the company said in a regulatory filing on Thursday. (http://link.reuters.com/cyz29t)
Sky Brasil had told the agency it had about 5 million subscribers at the end of December and about 5.3 million at the end of March.
DirecTV, which has a total of more than 20 million customers, owns about 93 percent of Sky Brasil.
Much of DirecTV's subscriber growth has come from the expanding middle class in countries such as Brazil. It also operates in Colombia, Argentina, Venezuela, Chile and Ecuador.
Last month, DirecTV's shares rose to a decade-high after it reported a first-quarter profit that beat analysts estimates, helped by better-than-expected growth in Latin America.
The company said it expects to remove substantially all subscribers who were improperly recognized as active from Sky Brasil's subscriber base by the end of June.
DirecTV shares, which have fallen marginally since the company reported first-quarter results on May 7, closed at $61.08 on the Nasdaq on Wednesday.
(Reporting by Chandni Doulatramani in Bangalore; Editing by Roshni Menon)
Source: http://news.yahoo.com/directv-says-probe-finds-irregularities-latin-america-unit-103653044.html
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WASHINGTON (AP) ? Historic immigration legislation cleared a key Senate hurdle with votes to spare on Monday, pointing the way to near-certain passage within days for stepped up security along the border with Mexico and a chance at citizenship for millions living in the country illegally.
The vote was 67-27, seven more than the 60 needed, with 15 Republicans voting to advance legislation at the top of President Barack Obama's second-term domestic agenda.
The vote came as Obama campaigned from the White House for the bill, saying, "now is the time" to overhaul an immigration system that even critics of the legislation agree needs reform.
Last-minute frustration was evident among opponents. In an unusual slap at members of his own party as well as Democrats, Republican Sen. Ted Cruz of Texas said it appeared that lawmakers on both sides of the political aisle "very much want a fig leaf" on border security to justify a vote for immigration.
Senate passage on Thursday or Friday would send the issue to the House, where conservative Republicans in the majority oppose citizenship for anyone living in the country illegally.
Some GOP lawmakers have appealed to Speaker John Boehner not to permit any immigration legislation to come to a vote for fear that whatever its contents, it would open the door to an unpalatable compromise with the Senate. At the same time, the House Judiciary Committee is in the midst of approving a handful of measures related to immigration, action that ordinarily is a prelude to votes in the full House.
"Now is the time to do it," Obama said at the White House before meeting with nine business executives who support a change in immigration laws. He added, "I hope that we can get the strongest possible vote out of the Senate so that we can then move to the House and get this done before the summer break" beginning in early August.
He said the measure would be good for the economy, for business and for workers who are "oftentimes exploited at low wages."
As for the overall economy, he said, "I think every business leader here feels confident that they'll be in a stronger position to continue to innovate, to continue to invest, to continue to create jobs and ensure that this continues to be the land of opportunity for generations to come."
Opponents saw it otherwise. "It will encourage more illegal immigration and must be stopped," Cruz exhorted supporters via email, urging them to contact their own senators with a plea to defeat the measure.
Leaving little to chance, the U.S. Chamber of Commerce announced it was launching a new seven-figure ad buy Monday in support of the bill. "Call Congress. End de facto amnesty. Create jobs and economic growth by supporting conservative immigration reforms," the ad said.
Senate officials said some changes were still possible to the bill before it leaves the Senate - alterations that would swell the vote total.
At the same time, Sen. Roger Wicker, R-Miss., who voted to advance the measure during the day, said he may yet end up opposing it unless he wins a pair of changes he is seeking.
Senate Democrats were unified on the vote.
Republicans were anything on a bill that some party leaders say offers the GOP a chance to show a more welcoming face to Hispanic voters, yet tea party-aligned lawmakers assail as amnesty for those who have violated the law.
Among potential 2016 presidential contenders, Sen. Marco Rubio of Florida was an enthusiastic supporter of the bill, while Cruz was an outspoken opponent.
The non-partisan Congressional Budget Office has estimated the legislation will reduce the deficit and increase economic growth in each of the next two decades. It is also predicting unemployment will rise slightly through 2020, and that average wages will move lower over a decade.
At its core, the legislation in the Senate would create a 13-year pathway to citizenship for an estimated 11 million immigrants living illegally in the United States. It also calls for billions of dollars to be spent on manpower and technology to secure the 2,000-mile border with Mexico, including a doubling of the Border Patrol with 20,000 new agents.
The measure also would create a new program for temporary farm laborers to come into the country, and another for lower-skilled workers to emigrate permanently. At the same time, it calls for an expansion of an existing visa program for highly-skilled workers, a gesture to high tech companies that rely heavily on foreigners.
In addition to border security, the measure phases in a mandatory program for employers to verify the legal status of potential workers, and separate effort to track the comings and goings of foreigners at some of the nation's airports.
The legislation was originally drafted by a bipartisan Gang of 8, four senators from each party who negotiated a series of political tradeoffs over several months.
The addition of the tougher border security provisions came after CBO informed lawmakers that they could potentially spend tens of billions of dollars to sweeten the bill without fearing higher deficits.
The result was a series of changes negotiated between the Gang of 8 and Republican Sens. John Hoeven of North Dakota and Bob Corker of Tennessee. Different, lesser-noticed provisions helped other lawmakers swing behind the measure.
In a speech on the Senate floor, Sen. Charles Grassley, R-Iowa, likened some of them to "earmarks," the now-banned practice of directing federal funds to the pet projects of individual lawmakers.
He cited a provision creating a $1.5 billion jobs fund for low-income youth and pair of changes to benefit the seafood processing industry in Alaska. Sen. Bernard Sanders, I-Vt., issued a statement on Friday trumpeting the benefits of the first; Alaska Sens. Lisa Murkowski, a Republican, and Mark Begich, a Democrat, took credit for the two others.
Grassley also raised questions about the origin of a detailed list of planes, sensors, cameras and other equipment to be placed along the southern border.
"Who provided the amendment sponsors with this list?" asked Grassley, who is a member of the Judiciary Committee that approved an earlier version of the bill. Homeland Security Secretary Janet Napolitano "did not provide the committee with any list. Did Sikorsky, Cessna and Northrup Grumann send up a wish list to certain members of the Senate?"
___
Associated Press writers Mary Clare Jalonick and Jim Kuhnhenn contributed to this report.
Source: http://news.yahoo.com/immigration-bill-clears-senate-test-225923799.html
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Chicago Blackhawks goalie Corey Crawford hoists the Stanley Cup after the Blackhawks beat the Boston Bruins 3-2 in Game 6 of the NHL hockey Stanley Cup Finals Monday, June 24, 2013, in Boston. (AP Photo/Elise Amendola)
Chicago Blackhawks goalie Corey Crawford hoists the Stanley Cup after the Blackhawks beat the Boston Bruins 3-2 in Game 6 of the NHL hockey Stanley Cup Finals Monday, June 24, 2013, in Boston. (AP Photo/Elise Amendola)
Chicago Blackhawks defenseman Johnny Oduya (27), of Sweden, hugs Chicago Blackhawks goalie Corey Crawford (50) after winning Game 6 of the NHL hockey Stanley Cup Finals 3-2 against the Boston Bruins, Monday, June 24, 2013, in Boston. (AP Photo/Charles Krupa)
Chicago Blackhawks center Dave Bolland (36) celebrates his game winning goal against the Boston Bruins during the third period in Game 6 of the NHL hockey Stanley Cup Finals, Monday, June 24, 2013, in Boston. The Blackhawks won 3-2. (AP Photo/Charles Krupa)
Chicago Blackhawks center Dave Bolland (36) celebrates his game-winning goal against the Boston Bruins with Chicago Blackhawks center Marcus Kruger (16) during the third period in Game 6 of the NHL hockey Stanley Cup Finals, Monday, June 24, 2013, in Boston. The Blackhawks won 3-2. (AP Photo/Charles Krupa)
Chicago Blackhawks right wing Patrick Kane (88) hoists the Stanley Cup after beating the Boston Bruins 3-2 in Game 6 of the NHL hockey Stanley Cup Finals, Monday, June 24, 2013, in Boston. (AP Photo/Charles Krupa)
BOSTON (AP) ? Two goals. Seventeen seconds apart. A second Stanley Cup victory in four seasons for the Chicago Blackhawks.
Seventy-six seconds away from defeat and a trip home for a decisive seventh game, Bryan Bickell tied it. Then, while the Bruins were settling in for another overtime in a series that has already had its share, Dave Bolland scored to give Chicago a 3-2 victory in Game 6 of the Stanley Cup Final on Monday night.
The back-to-back scores in about the time it takes for one good rush down the ice turned a near-certain loss into a championship clincher, stunning the Boston players and their fans and starting the celebration on the Blackhawks' bench with 59 seconds to play.
"We thought we were going home for Game 7. You still think you're going to overtime and you're going to try to win it there. Then Bolly scores a huge goal 17 seconds later," said Chicago forward Patrick Kane, who won the Conn Smythe Trophy as the postseason's most valuable player. "It feels like the last 58 seconds were an eternity."
The team that set an NHL record with a 24-game unbeaten streak to start the lockout-shortened season won three straight games after falling behind 2-1 in the best-of-seven finals, rallying from a deficit in the series and in its finale. Corey Crawford made 23 saves, and Jonathan Toews returned from injury to add a goal and an assist in the first finals between Original Six teams since 1979.
"I still can't believe that finish. Oh my God, we never quit," Crawford said. "I never lost confidence. No one in our room ever did."
Trailing 2-1, Crawford went off for an extra skater and the Blackhawks converted when Toews fed it in front and Bickell scored from the edge of the crease to tie the score.
Perhaps the Bruins expected it to go to overtime, as three of the first four games in the series did. They sure seemed to be caught off-guard on the ensuing faceoff. Chicago skated into the zone, sent a shot on net and after it deflected off Michael Frolik and the post it went right to Bolland, who put it in the net.
"It's unbelievable man," Crawford said. "So much hard work to get to this point. Great effort by everyone on the team."
The Blackhawks on the ice gathered in the corner, while those on the bench began jumping up and down. It was only a minute later, when Boston's Tuukka Rask was off for an extra man, that Chicago withstood Boston's final push and swarmed over the boards, throwing their sticks and gloves across the ice.
"In 2010, we didn't really know what we were doing. We just, we played great hockey and we were kind of oblivious to how good we were playing," said Toews, who scored his third goal of the playoffs to tie it 1-1 in the second period, then fed Bickell for the score that tied it with 76 seconds to play.
"This time around, we know definitely how much work it takes and how much sacrifice it takes to get back here and this is an unbelievable group," Toews said. "We've been through a lot together this year and this is a sweet way to finish it off."
The Bruins got 28 saves from Rask, who was hoping to contribute to an NHL title after serving as Tim Thomas' backup when Boston won it all two years ago.
"It's obviously shocking when you think you have everything under control," Rask said quietly, standing at his locker with a blue baseball cap on backward and a towel draped over his shoulders.
The sold-out TD Garden had begun chanting "We want the Cup!" after Milan Lucic's goal put the Bruins up 2-1 with eight minutes left, but it fell silent after their team coughed up the lead.
"Probably toughest for sure, when you know you're a little bit over a minute left and you feel that you've got a chance to get to a Game 7," Bruins coach Claude Julien said. "And then those two goals go in quickly."
The arena was almost empty ? except for a few hundred fans in red Blackhawks sweaters who filtered down to the front rows ? when NHL commissioner Gary Bettman handed the 35-pound Cup to Toews, who left Game 5 with an undisclosed injury and wasn't confirmed for the lineup until the morning skate.
The Chicago captain skated the Cup right over the crease in which the Blackhawks mounted the comeback and in front of the fans in Blackhawks sweaters who lined the front row behind the net. Toews banged on the glass while the remaining Bruins fans headed up the runways.
He then continued the tradition of handing it from player to player before the team settled to the side of the faceoff circle for a picture with the trophy they will possess for the next 12 months.
The Blackhawks opened the season on a 21-0-3 streak and coasted to the Presidents' Trophy that goes to the team with the best regular-season record. But regular-season excellence has not translated into playoff success: Chicago is the first team with the best record to win the Cup since the 2008 Detroit Red Wings.
The Blackhawks went through Minnesota in five games and Detroit in seven, rallying in the Western Conference semifinals from a 3-1 deficit and winning Game 7 in overtime. They got through the defending NHL champion Los Angeles Kings in five games to return to the Cup finals, where Boston was waiting.
The Blackhawks won the first game at home in three overtimes but dropped Game 2 ? another overtime ? and fell behind 2-1 in the series when it returned to Boston.
But since then, it's been all Chicago.
The tightly contested finals ? with three games going a total of five overtimes ? may help fans forget the lockout that shortened the season to 48 games and pushed back the opener to Jan. 19. That left the teams still playing ice hockey on a 95-degree day in Boston on June 24, matching the latest date in NHL history.
Fans in their Bruins sweaters filtered into the air conditioned TD Garden to see the last game in Boston for the year with the hope there would be one more in Chicago: a seventh game just like two years ago, when the Bruins rallied from a 3-2 deficit, then won in Vancouver for their first NHL championship since 1972.
Both teams were bolstered by the return of star forwards, Selke Trophy winner Toews of Chicago and Patrice Bergeron, who was a finalist for the award given to the top defensive forward in the league. Both returned after missing the end of Game 5, and but only Toews showed up in the box score.
What had already been a physical series continued to take its toll, with Jaromir Jagr ? the NHL's active playoff scoring leader ? and Andrew Shaw both going to the dressing room during the first period. Jagr's injury was not known, but Shaw deflected a slap shot from Shawn Thornton off his own right cheek and crumpled to the ice, leaving behind a pool of blood when he skated off.
Both returned, but Jagr again disappeared from the Boston bench in the second. Crawford also forced a stoppage of play when his mask came off following a David Krejci slap shot off his shoulder; the Chicago goalie appeared to need a little time to recover, but he stayed in the game.
The Bruins, who never led in Games 4 and 5, took the lead seven minutes into the game when Tyler Seguin gloved a pass from Daniel Paille and controlled it, then backhanded it across the middle to Chris Kelly. He beat Crawford on the glove side to make it 1-0.
But the Blackhawks tied it early in the second when, as a Bruins power play was ending, Toews broke into the Boston zone on the right side. He had Kane in the middle and Andrew Shaw coming out of the box, but didn't need either one, rattling it in off the right post to make it 1-1.
It stayed that way until Lucic put Boston ahead with 7:49 left in the third.
The final series seemed headed for a Game 7 for the sixth time in the last 10 years before Bickell and Bolland turned it around.
"Dave Bolland, what else can you say about that guy?" Kane said. "He just shows up in big playoff games."
NOTES: The Blackhawks are now 2-5 against the Bruins in playoff series. This was the teams' first matchup in the finals. ... Bolland missed the entire first-round series with an injury. ... Kane and Toews had no goals in the first three games. ... Chara, who won the Norris Trophy as the league's best defenseman in 2009, was on the ice for 10 of the last 12 Chicago goals. ... Jeff Bauman, who lost his legs in the Boston Marathon bombing, was honored before the game. He went onto the ice with a walker and stood up to receive cheers from the crowd.
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This afternoon, 3D printing giant Stratasys announced the $403 million acquisition of MakerBot. And while it won't change anything about MakerBot's brand, Stratasys could supply the know-how to scale up business in a big way. That could mean more stores, more factories, and even more offices.
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The Raspberry Pi-focused XBMC port Raspbmc's June changelog is a lengthy one. Among the changes are new settings, new skins, support for the Stealth Nighthawk F117A device and changes to make booting up faster, among many other things. Getting this month's update should only require rebooting one's Raspberry Pi, and a few new mirrors that have joined the network should make downloading the updated software even faster. That's not all however, because the July update is promising Linux kernel updates, Raspbmc "Cloud" features with automatic settings backup / restore across multiple devices and an unspecified "special announcement."
Filed under: Home Entertainment, HD
Source: Raspbmc
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BANGKOK (AP) ? World stock markets were mixed Friday as investors digested a slew of disappointing data from the U.S. ahead of the release of a key measurement of the country's economic outlook.
Investors were looking ahead to the Conference Board's index of leading indicators for April, to be released later Friday. The index is designed to anticipate economic conditions three to six months out. Analysts hope the figures will balance out several discouraging economic reports released Thursday, including a jump in unemployment aid applications to their highest level in six weeks.
Britain's FTSE 100 fell marginally to 6,684.26. Germany's DAX retreated 0.4 percent to 8,332.22. France's CAC-40 was less than 0.2 percent down at 3,972.01. Wall Street, however, appeared ready to rally again: Dow Jones industrial futures rose 0.1 percent to 15,225 and S&P 500 futures added 0.1 percent to 1,649.70.
Earlier in Asia, Japan's Nikkei 225 index rose 0.7 percent to close at 15,138.12, reversing a lower open. Australia's S&P/ASX 200 added 0.3 percent to 5,180.80, pushed up by gains in BHP Billiton, the world's largest mining company. The stock rose 1.9 percent on bargain-hunting. Australia & New Zealand Banking Group rose 1.3 percent.
Benchmark in mainland China and Indonesia also rose while those in Taiwan, India, Singapore, New Zealand and the Philippines fell. Markets in Hong Kong and South Korea were closed for public holidays.
Evan Lucas of IG Markets in Melbourne said market declines could be explained by investors cashing in their gains following strong rallies. Japan's benchmark Nikkei 225 index has returned 45 percent so far this year. The Standard & Poor's 500 has delivered a terrific first four months. It's up 16 percent.
"There is always an uneasy feeling underlying the markets when they start making all-time highs," Lucas said.
Shares linked to gold, which has suddenly fallen afoul of investors like George Soros, dropped. Australia's Newcrest Mining was down 2.3 percent. Lao Feng Xiang, a major, Shanghai-listed gold retailer, fell 0.5 percent.
Corporate earnings, which have been helping to power Wall Street to all-time highs, took a step back on Thursday after Wal-Mart, the world's largest retailer, reported a disappointing first-quarter profit and acknowledged a sales slump. Personal computer maker Dell posted dismal first quarter earnings.
Markets were also reacting to comments by John Williams, head of the Federal Reserve's San Francisco branch, who told an audience that the Fed could end its bond-buying program this year. But Williams' comments made clear that the Fed would only curtail its stimulus effort when the economy looked strong enough. The Dow Jones industrial average and the Standard & Poor's 500 both dropped Thursday, having closed at record highs the day before.
Benchmark oil for June delivery was down 21 cents to $94.95 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 86 cents to $95.16 per barrel on the Nymex on Thursday.
In currencies, the euro fell to $1.2866 from $1.2907 late Thursday in New York. The dollar rose to 102.55 yen from 102.06 yen.
___
Follow Pamela Sampson on Twitter at http://twitter.com/pamelasampson
Source: http://news.yahoo.com/world-stocks-mixed-ahead-key-us-economic-index-090857676.html
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