The biggest beneficiary of the record $1.4 billion fine levied against Pacific Gas & Electric Co. for a gas line explosion that killed eight people and destroyed dozens of homes in suburban San Francisco is the state of California, which stands to gain $950 million to spend any way it wants.
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NV lawmaker: Colleagues to scrutinize Tesla deal
by Successful IBO • • 0 Comments
Nevada Assembly Speaker Marilyn Kirkpatrick says it’s too early to say whether a huge package of tax breaks and incentives needed to land Tesla Motors Inc.’s lithium battery factory will have smooth sailing at a special legislative session next week.
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A look at Hawaii volcano spewing lava toward homes
by Successful IBO • • 0 Comments
Lava from one of the world’s most active volcanos is creeping slowly but steadily through cracks in the earth toward a rural subdivision on Hawaii’s Big Island.
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Preiscoin – Swiss Digital Currency Goes MLM
by Tina Williams • • 0 Comments
Preiscoin Group AG is based out of Switzerland that offers the Preiscoin (PRS), an alternative digital currency based on the Bitcoin protocol.
Preiscoin uses a Forced Matrix compensation structure for affiliates to build up their customer base.
The Forced Matrix Plan is a compensation structure with a set width and depth on which distributors are compensated.
Preiscoin offers 4% residual commissions on every sale down to 7 levels in the 3×7 forced matrix.
A customer or affiliate who purchases a mining subscription will grant you the “base” – that is a fixed sum of Preiscoins every month staring at CHF 25 or $ 27.
After 3 people register and purchase a mining subcription, besides Preiscoins, you will receive a prepaid card where the referral commisisons are paid out.
Preiscoin offers monthly bonuses, as well, to help earn larger commissions quickly. For every 10 paid customers that an affiliate brings into Preiscoin within a calendar month, that affiliate will receive an additional bonus of 100 CHF / $106. If that affiliate brings in 20 paid customers in a month and receive 200 CHF / $ 213, bring in 30 and you receive $319, etc.
Preiscoin offers a special Bonus Pool that will be shared among top 10 affliates of the month on a rotating basis. 10% PRS net revenue will be paid out
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Park City ski season on the line in Friday hearing
by Successful IBO • • 0 Comments
A Utah judge is expected to issue a ruling Friday in a long-running court battle between two ski titans that will determine whether the lifts stand idle this season at one of the state’s largest ski resorts.
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Keystone XL operator to seek PUC's recertification
by Successful IBO • • 0 Comments
The operator of the long-delayed Keystone XL crude oil pipeline said Thursday it will ask South Dakota’s utility regulators to recertify the portion of the project that runs through the state before the end of the month.
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How Successful People Make Their Own Luck
by Successful IBO • • 0 Comments
I’m not talking about the roll-of-the-dice kind of luck, but instead the make-your-own kind.
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Kroger says it will hire 20,000 more workers
by Successful IBO • • 0 Comments
Supermarket chain Kroger said Friday it will hire about 20,000 workers to fill permanent jobs.
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Early-stage companies struggling financially
by Successful IBO • • 0 Comments
Two fifths of small business owners who set their company up in the past three years are already finding themselves in financial trouble, research finds.
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Blyth And ViSalus Founders Complete ViSalus Transaction
by Ted Nuyten • • 0 Comments
ViSalus and Other Preferred Shareholders Now Own Approximately 90% of ViSalusTransaction Extinguished 2017 Redemption Obligation
Blyth, Inc. today announced that it and the Founders and certain other preferred stockholders of its ViSalus network marketing subsidiary have completed the exchange of all of the Redeemable Convertible Preferred Stock of ViSalus for shares of ViSalus Common Stock.
On September 2, 2014, Blyth had announced that it and ViSalus’s Founders had reached an agreement in principle to effect the exchange which reduced Blyth’s ownership interest in ViSalus from 80.9% to approximately 10%, and increased ViSalus’s Founders and its other preferred stockholders ownership from 19.1% to approximately 90%.
In addition, the transaction extinguished the obligation of ViSalus to redeem the ViSalus Redeemable Convertible Preferred Stock on December 31, 2017 for an aggregate price of $143.2 million which obligation had been guaranteed by Blyth.
In connection with this transaction, Blyth amended the indenture governing its 6.00% Senior Notes due 2017 to provide for the mandatory redemption of the Senior Notes on the earlier of March 4, 2015 and the date, if any, that Blyth consummates a new financing. Cowen and Company, LLC acted as exclusive financial advisor to Blyth in connection with such amendment.
In addition, as a