| News in Brief
In the meantime, police secured the house and applied to Superior Court clerk Joseph Sollitto for a search warrant, which was granted at 6:30 pm. Oak Bluffs police assisted by State Police Sgt. Jeff Stone of the Martha's Vineyard drug task force conducted a search. Police found a makeshift room with approximately 70 marijuana plants, grow lamps, a propane generator and a ventilation system. Police also found and seized a .22 caliber rifle, ammunition, and $868. Police arrested Mr. Seaton, 29, on charges of domestic assault and battery; possession of a firearm and ammunition without an FID card; improper storage of a firearm; and cultivation of marijuana. Mr. Seaton was booked at the Dukes County Jail on New Year's Day and held on $5,000 bail pending arraignment yesterday.
Black athletes look beyond paychecks
A generation ago, the only financial goal for a superstar black athlete at the peak of his career -- beyond a large contract -- was to nab a lucrative endorsement deal with a big sneaker company like Nike or a national brand such as McDonald's. The idea was to earn several million extra dollars before his skills began to wane. .
Software Stocks Get Mixed Ratings
Analysts attempted to sort out whether small growth companies or big-ticket defensive stocks were better suited to the tough environment. Tibco (TIBX - Cramer's Take - Stockpickr) was hardest hit by a Goldman Sachs downgrade, while investors also punished Salesforce.com (CRM - Cramer's Take - Stockpickr) . That company started the week with both an upgrade and a downgrade. On a day when the iShares S&P GSTI Software Index was down a penny to $49.11, Tibco, which develops business management software, was off 78 cents, or 10.2%, to $6.84 in morning trading. Salesforce, which delivers subscription-based software over the Web, was down $2.85, or 4.8%, to $56.01. Expecting slower software demand driven by economic uncertainty in early 2008, Goldman Sachs issued sell ratings on both stocks.
Tamarac Secures Financing
SEATTLE, Jan. 4 /PRNewswire/ -- Tamarac Inc., the premier portfolio rebalancing and trade order generation software provider for investment professionals, today announced the receipt of additional funding from its initial investors. This financing will be used to accelerate the development and distribution of the company's web-based financial software positioning the company to achieve profitability. Tamarac develops proprietary web-based applications for the financial advisory market, which enables advisors to significantly enhance the precision and efficiency of their practice by automating critical operational functions such as portfolio monitoring, rebalancing, cash management and directed trading. These benefits result in lower operational costs for the practice and can net higher returns for their client portfolios.
International Brotherhood of the Teamsters Boosts Productivity, Saves ...
REDWOOD SHORES, Calif., Oct. 30 /PRNewswire-FirstCall/ -- Oracle today announced that the International Brotherhood of the Teamsters has significantly increased the speed, security and accuracy with which it can find critical information distributed across thousands of contracts, by working with The EBS Group (http://www.theEBSgroup.com), a Certified Advantage Partner in the Oracle(R) PartnerNetwork, to deploy Oracle Secure Enterprise Search 10g. With almost 1.4 million members, the Teamsters is one of the largest labor unions in the world. While the union performs many important roles for its members, including pension management, communications, community outreach and managing government affairs, one of its most important roles is to negotiate collective bargaining agreements and to help enforce contracts once they have been signed.
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