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ADC Telecommunications (Nasdaq: ADCT): Reported first-quarter net income of $3.6 million and revenue of $297.2 million, compared with a loss of $1.8 million and revenue of $272.8 million for the year-ago period. ASV (Nasdaq: ASVI): Reported fourth-quarter net income of $2.4 million and revenue of $46.1 million, compared with net income of $8.2 million and revenue of $66 million for the year-ago period. ATS Medical (Nasdaq: ATSI): Reported a fourth-quarter loss of $6.1 million and revenue of $10.7 million, compared with a loss of $3.2 million and revenue of $9.9 million for the year-ago period. Best Buy Co. (NYSE: BBY) Connecticut's attorney general is investigating the electronics retailer after consumers complained they were denied deals found at Best Buy's Web site by store employees who accessed a look-alike internal Web site with higher prices on some merchandise.
Save Taxes in Your Practice Without Needing Group Approval
Keego Harbor Mich.-. Financial planners David B. Mandell, JD, MBA and Keith L. Mohn, CLU, CHFC (www.benefitsolutionsgroup.biz) work with thousands of physicians and other professionals to build and preserve their wealth. They propose a better way for physicians to structure their PC if they enjoy sharing responsibilities with partners, but hate the inefficiency of needing unanimous agreement on asset management and compensation strategies. The two consultants describe an all too common scenario that need not existwhether the office has 2, 20 or 200 physicians. According to Mohn and Mandell, If the following scenario sounds all too familiar, perhaps your practice needs a change in corporate structure! Say that Dr. John Smith, age 40, makes $500,000 per year and doesnt want to pay over $200,000 in taxes again this year.
Equinox Ranked No.1 Outsourcing Vendor to the Mortgage Banking Industry
A survey administered by the Brown-Wilson Group, authors of the best-selling book, The Black Book of Outsourcing has ranked Equinox, an i-flex company, as the top outsourcing vendor to the Mortgage Banking Industry in 2006. Equinox addresses the market in the financial services industry for global Business Process Outsourcing solutions. "The financial services outsourcing market is growing rapidly and Equinox has clearly emerged as a significant niche player in this focused segment. Additionally, an innovative end-to-end platform-based solution by Equinox has the potential to revolutionize the mortgage outsourcing market," said Doug Brown, Principal at Brown-Wilson Group. "This ranking is particularly heartening since it is derived from industry feedback. It is a clear recognition of our strategic vertical focus and collaborative engagement model with our clients.
New York Indicts Former Brazilian Mayor
A New York grand jury has indicted a former Brazilian mayor for allegedly stealing millions intended to build a highway in his South American country. Manhattan District Attorney Robert Morgenthau says Paulo Maluf's use of a bank in New York gave his office the jurisdiction it needed to press charges against the former mayor of San Paulo, The New York Post reports. The indictment accuses Maluf of stealing $11.6 million but prosecutors believe the actual theft was probably in the neighborhood of $140 million. .
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