| Indonesian national accused of stealing sister in law's credit card, attempting to flee to Indonesia
PANORAMA CITY - A 39-year-old Indonesian national was about to catch a plane to her home country with her three young daughters Oct. 31 when police intercepted her and took her into custody in connection with stealing her sister in law's identity and using it to purchase thousands of dollars in goods online including $2,000 plane tickets to Indonesia, police said this morning. The woman identified as Dina Kurniadi was arrested after 3 p.m. on Halloween, about eight hours before her scheduled flight out of Los Angeles International Airport, said Los Angeles Police Detective Juan Baello. After learning about the theft, and the possibility that the woman was fleeing to Indonesia, which has no extradition treaty with the United States, police had to work quick. But when police cancelled the tickets, she bought new ones using cash and moved her departure date up two weeks, Baello said.
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TORONTO -- Two of Canada's biggest banks took big charges yesterday, reflecting troubles in the U.S. mortgage business and corporate credit markets, but also booked gains from their stake in the restructuring Visa credit card company. Royal Bank of Canada said it will record a $360-million charge related to losses in the U.S. subprime mortgage market, but will also post a $325-million gain for Visa credit card restructuring. Canada's largest bank said yesterday it "expects its fourth-quarter earnings to be only modestly affected by these items due to largely offsetting impacts." Meanwhile, Scotiabank disclosed it will book writedowns totalling $190 million on non-bank asset-backed commercial paper and structured credit instruments. The writedowns amount to about $135 million after tax.
Progressive Rises As Offering Cheered
Shares of Progressive Gaming International Corp. climbed Tuesday as investors cheered a public offering of 20 million shares that will be used to help pay down debt. The supplier of casino management software said the offering was priced at $2.50 per share. .
GreenShift and Subsidiaries Release Shareholder Letter
We continue to make great strides in our development but we continue to face the significant challenges presented by the complexities of a capital structure that has prevented the translation of our successes into shareholder value. Most of you are aware of the history: while our structure resulted in the successful financing, acquisition and development of our core technologies and operations, it has developed into a costly distraction and an unnecessary drain on our resources. Earlier this year we announced our plan to cure this deficiency by combining two separate mergers - the merger of GS AgriFuels and GS Energy and the merger of GreenShift and GS CleanTech - with the liquidation of non-core assets, the restructuring and refinancing of our debt, and increases in our sales and earnings.
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