Russia's MegaFon gets nod for $2 billion IPO - sources

MOSCOW (Reuters) - Russia's No.2 mobile phone company, MegaFon , is likely to go ahead with its planned stock market float in London this year after receiving an unofficial green light from the UK regulator, sources familiar with the matter said.?

MegaFon had aimed to raise around $2 billion (1 billion pounds) from its initial public offering this year, but several sources have said it would have to delay the share sale until 2013 if it did not get the nod from the UK Listing Authority (UKLA) in time.

MegaFon has cleared and resolved any material issues with the UKLA, a source familiar with the situation said on Saturday. Official approval is expected when MegaFon's IPO prospectus has been completed, the source said.

?The company is expected to make a formal statement on the IPO launch in the coming weeks. The deal could happen in late November or early December, before capital markets wind down for the end of the year, sources have said.

The float by MegaFon, which is controlled by Russia's richest man Alisher Usmanov, would rank as the biggest by a Russian company since Internet search firm Yandex raised $1.4 billion when it floated in New York in May 2011.

?

LISTING CRITERIA

The UKLA approves an IPO prospectus when it is satisfied a company has met its listing criteria. Among issues the UKLA typically examines is the shareholder structure. Any particular concerns are typically listed in the 'risks' section of the prospectus.

Usmanov told Reuters in September that he would fold his stake in MegaFon and other assets into a new holding company, co-owned by one of his partners Vladimir Skoch, father of billionaire Russian lawmaker Andrei Skoch, who helped build up iron ore miner Metalloinvest.?

?Goldman Sachs dropped out as an underwriter of the IPO in October, which one source familiar with the situation said at the time was over unspecified shareholding concerns that were not related to Usmanov.?

?The UKLA was now satisfied with the information provided with regard to the new holding company structure, one of the sources said.

?The UKLA gave the go-ahead for the offering on Friday, said a second source familiar with the situation, meaning the float can happen this year. A third market source also said the IPO had received the green light but gave no more details.?

?A fourth source familiar with the matter said work still remained to be done on the prospectus, indicating a final sign off may not yet have been received.

?"We intend to complete the IPO this year and that will be on the basis of an approved prospectus from the UKLA," said a spokesman for MegaFon. He declined to comment further.?

?A spokesman for the UKLA declined comment.?

MegaFon announced plans for the offering in early October but later said it would put off launching the roadshow until it had published its third-quarter results.

Those results, released on Thursday showed gains in revenues, earnings and margins that analysts said would boost MegaFon's goal of achieving a valuation comparable with its competitors, MTS and VimpelCom .

Sources have said a stake of around 15 percent in MegaFon could be offered to investors in London and Moscow, with Nordic telecoms firm Teliasonera selling down its stake.

MegaFon also plans to pay down some of the debts it took in on in a restructuring deal in April that saw tycoon Mikhail Fridman exit the business and Usmanov secure overall control.

(Reporting by Megan Davies; Editing by Douglas Busvine and Sophie Hares)

Source: http://news.yahoo.com/russias-megafon-gets-nod-2-billion-london-ipo-191841210--finance.html

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Hiring: Designer/Developer (NYC) (talking-points-memo)

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Springsteen Sandy telethon raises $23 million, ABC more than $10 million

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Chloroplast breakthrough could help unlock key to controlling fruit ripening in crops, research suggests

ScienceDaily (Nov. 1, 2012) ? Biologists may have unearthed the potential to manipulate the functions of chloroplasts, the parts of plant cells responsible for photosynthesis.

Researchers in the University of Leicester's Department of Biology discovered that chloroplasts are affected by the ubiquitin proteasome system (UPS) -- a process which causes the breakdown of unwanted proteins in cells, previously thought to only act on central parts of the cell.

As a result, the researchers believe they may be able to use specific proteins to regulate the functions of chloroplasts -- such as the conversion of chloroplasts into highly-pigmented chromoplasts during the ripening of fruit.

Their paper, Chloroplast Biogenesis is Regulated by Direct Action of the Ubiquitin-Proteasome System, is due to be published in the journal Science on? November 2.

The paper identifies a gene (SP1) in the nuclei of plant cells that codes for a protein called a ubiquitin E3 ligase which is able to regulate chloroplast development through the UPS process.

The team are already investigating the potential for harnessing the SP1 gene in crop plants, for example to affect the ripening of fruits such as tomatoes, bell peppers and citrus.

The University's Enterprise & Business Development Office has filed a patent application with a view to developing practical applications for the research.

Professor Paul Jarvis, of the University's Department of Biology, has led the project since its inception in 2000.

He said: "Our work shows that the UPS also acts on subcellular compartments in plant cells called chloroplasts, which are responsible for the light-driven reactions of photosynthesis that power almost all life on Earth.

"Identification of this previously-unsuspected link between the UPS and chloroplasts constitutes a major breakthrough in biology, and may enable the manipulation of chloroplast functions in crops.

"It is incredible to get to this point -- it has been a long journey. We have known for some time that this was going to be a big breakthrough."

The research has been funded by grants from the Biotechnology and Biological Sciences Research Council (BBSRC).

Professor Douglas Kell, Chief Executive of BBSRC, said: "To ensure that we have enough healthy, sustainable food for a growing population, we need to find a range of novel solutions to challenges such as improving crop yields and reducing food waste. This research highlights one of the many ways in which science can help.

"The ripening process can happen quickly, and it can take just a few days for a fruit or vegetable to be considered inedible. This unavoidable process means big losses to both farmers and consumers. This discovery brings us one step closer to greater control over ripening so that we have greater flexibility for farmers when supplying produces in the best condition."

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Story Source:

The above story is reprinted from materials provided by University of Leicester, via AlphaGalileo.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.

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Journal Reference:

1. Q. Ling, W. Huang, A. Baldwin, P. Jarvis. Chloroplast Biogenesis Is Regulated by Direct Action of the Ubiquitin-Proteasome System. Science, 2012; 338 (6107): 655 DOI: 10.1126/science.1225053

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_environment/~3/bysGhSnavdE/121101141038.htm

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Marigny community rallies around chef who lost savings in home ...

"It's a pretty valuable life lesson, that's for sure." -- Tres Barnard

On Oct. 19, Tres Barnard, a young New Orleans chef, was riding high. His new weekly soul food pop-up restaurant at Marie's Bar in?Faubourg Marigny, We've Got Soul, had done its best business yet, selling out all the food within?a few hours.

At the end of the night, Barnard walked his cash -- about $1,400 - around the corner from the bar to his house in the 2600 block of Burgundy Street, then headed back to the bar to clean up.

When Barnard returned home a few hours later, his flat-screen TV was missing. So was his laptop. And?all his cash, a total?of $2,100, was gone, too.

"That was the most crippling feeling I've ever felt in my life," Barnard, 26, said?a few days later. "I put in all that hard work and time, just to have it all taken away by some a--hole."

While burglary is not a violent crime and thus?does not?usually make headlines, it is one of New Orleans' most common. At least 75 burglaries have been reported in New Orleans in the last week, according to New Orleans Police Department data.

Officers came out to Barnard's house and took fingerprints. But, as with most burglaries, there was little other evidence.

A neighbor told police he had noticed a young man knocking on Barnard's door earlier that night. The man appeared to be in his early 20s and was wearing a green and white striped T-shirt, the neighbor said.

When the neighbor asked the stranger whom he was looking for, the?man responded, "I'm looking for James." The neighbor?told him?no one named James lived there. The man shrugged, got into a car but did not drive away. The car sat there, idling.

The burglar?apparently entered through Barnard's back door. There were no signs of forced entry, so Barnard thinks he may have left the door unlocked. That's the last time?he will make that mistake, he said.

"It's a pretty valuable life lesson, that's for sure," he said. "I'm going the extra mile from now on. I bought a safe, bolted it down to the floor. I changed all my locks. I'm doing everything I possibly can to make sure this doesn't happen again."

After losing all his money, Barnard thought he wouldn't be able to open his pop-up restaurant again for at least six months.

But his friends and neighbors,?upon hearing what Barnard had lost, rallied to help. Bill Walker, a co-owner of Lost Love Lounge on Franklin Avenue, hosted a fundraiser for Barnard and his girlfriend, Emily Reichley, who helps run the pop-up.

Another friend started a Facebook page seeking donations and help for the couple. They collected money through their website. All told, they received about $900 in donations, Barnard said.

And so, on Friday night, thanks to all the support -- including 80 pounds of donated shrimp -- Barnard and his girlfriend were able to open their pop-up again and make enough money to be back in business.

"It's pretty heartwarming, to say the least," Barnard said. "The community stood up for us. It was just amazing. It was one of those great things that happened in New Orleans and would never happen anywhere else."

Source: http://www.nola.com/crime/index.ssf/2012/10/marigny_community_rallies_arou.html

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Smart tips to expand your online business | SEM and SEO News

Expansion of an industry in the competitive world can be a challenging job and it requires much effort and investments. The main purpose of online business is to increase traffic to their websites and to attract the customers by promoting their products and services in various techniques. The majority people who uses internet spend an average of 40 to 50 seconds for any website. Therefore an entrepreneur should attract the client and make the deal in these pr?cised seconds.

If you?re opening a new industry or you?re already in this field and looking to expand your online business there are so many tips that can increase traffic to your web page.

Here are the few smart tips that you can get started:

• Search engine optimisation: It is a tool to increase visibility of your webpage on search engines like Google, Bing, and Yahoo etc. This is a good technique that helps to get a higher rank to your blog compared to several millions of other blogs in response to any query and it is followed by many in the industries. Here the content plays a major role for your website; depending on the unique and fresh content you will get the rankings. A good ranking implies more number of customers. This way you can increase your sales by SEO technique.
• Planning is the important for any business person. The main advantage of proper planning is that you can achieve your short-term and long-term goals with ease. Select the best time for expanding your enterprises.
• Use the latest technique Social media optimisation (SMO) for increasing the visibility and brand value. You can advertise your products on the social networking sites like Facebook, Twitter, YouTube etc. This process is better than SEO for increasing traffic because these days more number of people are using social networking sites.?

• Create your own page or account on Facebook and start sharing your services to your friends and their friends. You can also get pros and cons from the customers so that you can update your services according to the client?s choice.
• Nowadays customers always look for discounts and offers. Provide necessary discounts and offers on your services in a smart way that your sales can increase with gaining profits. Provide customer care services through the internet so that if a customer visit your website and have queries, they can be sorted out easily with this facility. This way you can appeal the customers from not visiting other sites.
• Use your creativity or hire an expert and design your site in an attractive manner. Implement some of the stunning collaterals that ads to gain users' attention. Better to make some videos and advertise on the YouTube.
• Opt for cash loans UK if you require immediate cash for meeting your needs. These are short-term loans that can be acquired easily without checking any credit report.
• There is another process for internet marketing known as pay per click. This will give the best result on the search engines depending on the keyword. The only drawback of this process is you will get charged for every click by the users.

Author Bio:?

Hello I?m Michelle, a tech writer from Manchester UK. My passion is to write articles on numerous topics for example Finance, technology, and Business. You can catch me @financeport.

Source: http://semandseo.blogspot.com/2012/10/smart-tips-to-expand-your-online.html

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The Basics Of Buying Properties In The Real Estate Market | Eric - First

A real estate purchase can be intimidating for pretty much anybody. The whole process of buying real estate can seem overly complicated if people aren?t familiar with it, especially the complex paperwork and an unstable real estate market. Because of this, it?s important to learn as much about real estate as you can. In this article, you?ll find advice that will help educate you.

Before you begin the home buying search, you will want to hire a reliable real estate agent. The BBB (Better Business Bureau) and the Internet are good resources in determining which Realtor to use. However, the best way to find a reputable Realtor is through the suggestions made by friends and family members.

If you are uncertain about your financial future, you should be careful when considering purchasing a house. Once you commit to a mortgage, you?re responsible for that monthly payment, regardless of your current situation. If your work prospects are uncertain, at least have enough in the bank to cover several months of payments.

TIP! There are a lot of programs that can assist people with their down payment, and it is smart to first look to see if you qualify for any of them. That, along with getting the seller to pay closing costs, will mean that the money you must save before buying a house can be greatly reduced.

While shopping for a new home, it is very important that you not be tempted into a purchase based on aesthetic reasons. A home should be bought for the shape and manner it?s built. If you buy for decor, you may overlook a serious problem that can cost you later.

When you?re looking to buy real estate, consider doing remodel or repair work. You?ll have a rapid return on investment, thanks to a little elbow grease. Often you will make quite a bit more than the cost of the repairs.

This is a great time to spend some money on real estate. The housing bubble has finally popped, so house prices are at sane levels again. This presents a perfect opportunity for you to move out of your apartment, and purchase your own home. The market will go up again, and your investment will be very profitable.

TIP! When you are looking into real estate, understand that this could be your home for a long time. Although your family situation may be that you don?t have children when making the purchase, take the education options in the neighborhood into consideration.

Make an offer only after researching the comparable home sales in the area, the condition of the home and how long the house has been on the market. The seller can help you settle on an ultimate selling price you will both be satisfied with.

Make sure you do adequate research on rental properties. If you are thinking about buying a rental property, look at the records for this pertaining to the property for a couple years back or more. You need to find out if the person who is selling it to you is giving you the right info about what income it can generate. In addition, you need these records to prove that a rental property has generated income in the past before you can get a mortgage on the property.

TIP! Make sure you know what?s happening in your local housing market. You need to check with certain websites that can tell you about the average prices of foreclosed homes, listings, and backlogs as well.

Doing your homework about the community a home is located in is a must prior to considering making an offer. If the home is not going to suit your needs, then the purchase will be a long term disappointment to you. It?s essential to research the neighborhood, so you truly understand what you are buying into.

The first step to shopping for real estate is organization. Organize your information in a notebook. When you get information from classified ads, websites, your agent or just acquaintances, keep it all together in one place. This way, all of your data can be found in one place when you need to reference it.

Remember your goals when investing in the real estate market. You have a goal in mind, and likely a target date for recouping your investment. Only consider investments that will help you reach your goals. Many property owners fail to make sure their needs are met and end up with a losing investment.

TIP! Before you begin a search for a new home, get a copy of your credit report and look it over. Once you have your credit report in your hand you need to thoroughly look over it and see if there are any problems with it; report any discrepencies.

Save up enough of a down payment to satisfy your lender. Without a proper down payment, you will have to pay for private mortgage insurance (PMI). This is a hefty addition to your monthly mortgage payments that you have to pay to your lender. You can avoid it by demonstrating your financial security by meeting the minimum down payment.

Thanks to the Internet, it is easy to research a home and a neighborhood without stepping foot outside your current home. There is plenty of information available to you, even if you are thinking about moving to a small town. Take into account factors such as cost of living, unemployment rates, population makeup and density to ensure you?re moving to a place with a lifestyle that?s suited to your needs.

Always do your homework before buying property. Many people jump into the property market too quickly, make bad purchases, and end up losing a lot of money and time. Always try to understand as much about your area and all the real estate info available before you even consider buying a property.

TIP! If buying a home that has a beautiful view is important to you, be careful not to spend more than you should. While the view may be amazing to you and worth the extra money, it may not be to a prospective buyer if you decide to sell.

You should already understand how to locate valuable sources of information and additional resources that can improve your realtor experience. You will be able to watch the entire process of buying and selling and begin to understand the transparency, and find what trends benefit you. These are the necessary steps that must be taken if you wish to become comfortable with the market, and actually begin to pull in a sustainable profit.

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Source: http://www.maynaseric.com/the-basics-of-buying-properties-in-the-real-estate-market

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