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EXCLUSIVE: New evidence emerges on Jimmy Hoffa's possible fate, suggests feds were on right track searching N.J. dump

FBI wraps up latest failed search for Jimmy Hoffa’s bodyAlthough Picardo allegedly implicated Moscato as helping to dispose of Hoffa’s remains, the wily wiseguy does not explicitly admit he participated.Moscato was a longtime associate of mob enforcer Salvatore (Sally Bugs) Briguglio, who has long been suspected of carrying out the hit on Hoffa.Moscato was reminded that FBI agents had also dug up a farm owned by a Teamsters official in Wixom, Mich., where Hoffa was believed to have been slain.
No Credit/AP New evidence has emerged about Jimmy Hoffa’s possible fate.

His disappearance 40 years ago is one of the greatest unsolved mysteries in U.S. history, and now new evidence has emerged about Jimmy Hoffa’s possible fate.

A mobster who was believed to be involved in the labor boss’s disappearance suggested before he died last year that the feds were on the right track when they searched a New Jersey dump for Hoffa’s remains, a bombshell report says.

Investigative reporter Dan Moldea confirmed that the FBI searched the dump in 1975, looking for a 55-gallon drum they believed the Teamsters boss had been entombed in.

James R. Hoffa is reported missing in 1975

Moldea’s source was Phillip (Brother) Moscato, the mobbed-up owner of the toxic site under the Pulaski Skyway when it was dug up.

I ain’t telling you nothing. But I’m telling you that he (Hoffa) ain’t (at the farm).

Moldea revealed in a story being featured Thursday on the Web site Ganglandnews.com that he conducted several taped interviews of Moscato about the Hoffa case before the oldfella died of natural causes on Valentine’s Day 2014.

“I promised him (Moscato) I wasn’t going to cause him any trouble while he was alive,” Moldea told the Daily News.

Moscato, an associate of the Genovese crime family, confirmed that snitch Ralph Picardo told the FBI in 1975 that Hoffa was buried in a drum at the dump, Moldea said.

“They dug the dump up for three months,” Moscato said, according to the new report. “That was Hoffa in the 55-gallon drum. (Picardo) said a pickup truck brought . . . the truck in and Hoffa was in it and we buried him.”

Dan Moldea Phillip (Brother) Moscato, pictured, said Jimmy Hoffa was buried in drum near Pulaski Skyway.

FBI wraps up latest failed search for Jimmy Hoffa’s body

Although Picardo allegedly implicated Moscato as helping to dispose of Hoffa’s remains, the wily wiseguy does not explicitly admit he participated.

Moscato was a longtime associate of mob enforcer Salvatore (Sally Bugs) Briguglio, who has long been suspected of carrying out the hit on Hoffa.

Moscato was reminded that FBI agents had also dug up a farm owned by a Teamsters official in Wixom, Mich., where Hoffa was believed to have been slain.

Yasukawa, Mitsu Investigative reporter Dan Moldea confirmed that the FBI searched the dump near the Pulaski Skyway (pictured) in 1975, looking for a 55-gallon drum they believed the Teamsters boss had been entombed in.

“Put that to rest,” Moscato reportedly said in the interview. “I ain’t telling you nothing. But I’m telling you that he (Hoffa) ain’t (at the farm).”

Moldea told The News he believes Hoffa was shot dead on the farm and his body was driven to the Garden State in a truck for burial in the toxic soil.

Moldea writes that he also interviewed the husband and wife who lived on the Michigan farm at the time.

Reputed Detroit mafia boss says Jimmy Hoffa is buried in shallow grave north of Detroit

JEFF KOWALSKY/EPA Moscato was reminded that FBI agents had also dug up a farm owned by a Teamsters official in Wixom, Mich., where Hoffa was believed to have been slain.

They told him a large hole had been dug on the property several weeks before Hoffa vanished and they observed cars speeding in the direction of the hole on the afternoon Hoffa was last seen alive at the Machus Red Fox restaurant in a suburb of Detroit. That’s where he was supposed to meet mob capo Anthony (Tony Jack) Giacalone and New Jersey Teamsters boss Anthony (Tony Pro) Provenzano.

“I have not solved the case,” Moldea, author of “The Hoffa Wars,” told The News. “I’ve put together the most reasonable scenario of what happened.”

Efforts to reach Moscato’s widow were not successful.

Besides the garbage dump and the farm, there have been reports over the past four decades that the corrupt labor leader’s body was buried under the west end zone of Giants Stadium in the Meadowlands, and incinerated in a garbage disposal plant.

Hoffa was declared legally dead in 1982. It is believed that the politically connected Hoffa was whacked by the Mafia because he refused to back off from trying to regain the presidency of the powerful Teamsters union.

Related Stories James R. Hoffa is reported missing in 1975 Mystery of dead boy in a box still baffles nation
Daily News
Today
20 Points

Blue Moon making a rare appearance tonight

The appearance of a Blue Moon happens about once every 2-3 years, when the length of time between one full moon and the next is about the length of a calendar month. And tonight you'll be able to witness one for the first time since August 2012.For most of North America, the Blue Moon will turn right before sunrise on Friday July 31, according to EarthSky.org.Unfortunately it won't be blue at all, but still an uncommon site.

Two full moons in a month? That's what is known as a Blue Moon. And tonight you'll be able to witness one for the first time since August 2012.

For most of North America, the Blue Moon will turn right before sunrise on Friday July 31, according to EarthSky.org.

Unfortunately it won't be blue at all, but still an uncommon site. The appearance of a Blue Moon happens about once every 2-3 years, when the length of time between one full moon and the next is about the length of a calendar month. The most recent full moon was on July 2, 2015.

San Jose Mercury News
Today
18 Points
New
1

Travel Denver Planned Parenthood certain it's done nothing illegal

Planned Parenthood of the Rocky Mountains is "certain" it has done nothing illegal and that the accusations made against it by an anti-abortion group that posted an undercover, edited video of a PPRM physician seemingly talking about the sale of fetal parts is false.The video . But since the release of the first furtively recorded video, Republicans in Congress have been pressing to bar federal aid to the group.

Planned Parenthood of the Rocky Mountains is "certain" it has done nothing illegal and that the accusations made against it by an anti-abortion group that posted an undercover, edited video of a PPRM physician seemingly talking about the sale of fetal parts is false.

The video ? the third released by the Center for Medical Progress in recent days ? shows local Planned Parenthood Dr. Savita Ginde looking at specimens with an alleged fetal tissue buyer.

Fetal tissue cannot be sold for profit but can be donated for research with permission of a donor, and providers can be reimbursed for the cost of the procedure.

Planned Parenthood says it obeys the law. But since the release of the first furtively recorded video, Republicans in Congress have been pressing to bar federal aid to the group.

A Senate vote is expected next week.

The group releasing the short video snippet involving Denver says it shows an alleged buyer and Ginde discussing a nearly 12-week fetus specimen.

An alleged buyer says, "If we were doing like $50 to $75 per specimen, that'd be like $200 to $300, and we'd be comfortable with that."

Ginde replies, "... I think a per-item thing works a little better, just because we can see how much we can get out of it."

Planned Parenthood of the Rocky Mountains wants to stress that this edited video is not representative of the work it does.

"The accuracy of (the) heavily edited video cannot be confirmed, and the full length footage that would put any comments in context has not been made available," said PPRM president and CEO Vicki Cowart in a written statement. "To be clear, however, we are certain that no laws were broken and that accusations made by those who oppose Planned Parenthood's mission and services are false."

Meanwhile, Colorado State University announced it has suspended further acquisition of fetal tissue from vendors implicated in the Planned Parenthood investigation pending the outcome of the congressional inquires, according to a letter by CSU President Tony Frank to Congressman Doug Lamborn.

In 2013, CSU received donated fetal tissue from StemExpress to conduct research, according to the letter. StemExpress is now one of the organizations involved in the Planned Parenthood controversy.

The Denver Post
Today
16 Points
1

Travel Ohio campus cop indicted for shooting black man to death

Later, DuBose said, "But I don't think I have it on me."Tensing asks DuBose to unbuckle his seat belt. He fired once, striking DuBose in the head.But Deters dismissed Tensing's claim he was dragged and suggested he shouldn't have pulled DuBose over to begin with."He fell backward after he shot (DuBose) in the head," Deters said.On footage released from Tensing's body camera video, the officer could be heard asking for DuBose's driver's license several times with DuBose saying he had one.

CINCINNATI ? A University of Cincinnati police officer who shot a motorist during a traffic stop over a missing front license plate was indicted Wednesday on a murder charge, with a prosecutor saying the officer "purposely killed him" and "should never have been a police officer."

Hamilton County prosecutor Joe Deters announced the grand jury indictment at a news conference to discuss developments in the investigation into the July 19 shooting of motorist Samuel DuBose by Officer Ray Tensing.

Authorities have said Tensing spotted a car driven by DuBose and missing the front license plate, which is required by Ohio law. They say Tensing stopped the car and a struggle ensued after DuBose refused to provide a driver's license and get out of the car.

Tensing, 25, has said he was dragged by the car and forced to shoot at DuBose, 43. He fired once, striking DuBose in the head.

But Deters dismissed Tensing's claim he was dragged and suggested he shouldn't have pulled DuBose over to begin with.

"He fell backward after he shot (DuBose) in the head," Deters said.

On footage released from Tensing's body camera video, the officer could be heard asking for DuBose's driver's license several times with DuBose saying he had one. Later, DuBose said, "But I don't think I have it on me."

Tensing asks DuBose to unbuckle his seat belt. About that time Tensing pulls on the door handle, and DuBose puts his hand on the door to keep it closed. Then the video becomes shaky, but a gunshot can be heard and DuBose appears to be slumped in the seat before the car rolls away, coming to stop at a nearby corner.

The University of Cincinnati said it fired Tensing after his indictment. Tensing turned himself in at the Hamilton County Justice Center and was processed on charges of murder and voluntary manslaughter.

Tensing's attorney said he was shocked that his client was indicted on a murder charge.

"I kind of expected he would get indicted for something, but I certainly didn't think it would be murder," attorney Stewart Mathews said.

He said murder means purposeful killing and his client did not intend to kill DuBose.

Tensing, who could face up to life in prison if convicted, has said he thought he was going to be dragged under the car and "feared for his life," according to Mathews.

Mathews said a video from the body camera of a police officer who arrived right after the shooting shows Tensing lying in the street after he had gotten free of the car, but that video hasn't been released by authorities.

"With the political climate in this country with white police officers shooting black individuals, I think they need somebody to make an example of," Mathews said.

DuBose's death comes amid months of national scrutiny of police dealings with blacks, especially those killed by officers. DuBose was black. Tensing is white.

The Denver Post
Today
14 Points
1 2 3 4 5 6 7 8 9 10 11

Money Facebook Inc (FB) Target Price Increased To $120 At Jefferies

2QFY15 revenue was reported at $4.04 billion, and shows 39% year-over-year (YoY) growth. The analysts believe that the company can benefit from meaningful growth levers in Instagram, along with the new ad formats.They also highlighted the stellar average revenue per user (ARPU) growth from US and Canada; at present, US ARPU is $9.30, which depicts a 44% YoY growth. (NASDAQ:FB) continues to post impressive mobile ad revenues. Poor investor sentiments factor behind the recent slump.

Published: Jul 30, 2015 at 12:42 pm EST

Facebook Inc. (NASDAQ:FB) continues to post impressive mobile ad revenues. Therefore, Jefferies reaffirmed a Buy rating on the social media giant’s stock, and raised its target price (TP) from $105 to $120.

Facebook delivered better-than-expected results for its second-quarter of fiscal 2015 (2QFY15). 2QFY15 revenue was reported at $4.04 billion, and shows 39% year-over-year (YoY) growth. The analysts believe that the company can benefit from meaningful growth levers in Instagram, along with the new ad formats.

They also highlighted the stellar average revenue per user (ARPU) growth from US and Canada; at present, US ARPU is $9.30, which depicts a 44% YoY growth. In Europe, ARPU rose 18% year-over-year (YoY), to $3.36.

The social media giant has finally evolved from a single-application company to a “Facebook Family,” which includes the picture-sharing platform Instagram, along with Messenger and WhatsApp. Now, these services have 300 million, 700 million and 800 million monthly mobile users, respectively. The analysts believe that these growth levers can deliver a significant upside potential for its aforementioned growth levers.

Facebook is down 2.94% at $94.14, as of 12:22 PM EDT. Poor investor sentiments factor behind the recent slump. Several investors had expected Facebook to not only beat its estimates, but also provide an extremely solid outlook for the rest of the year.

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Bidness Etc
Today
18 Points
1 2 3 4 5 6 7 8 9 10 11

Money Earnings Whispers: Time Warner Cable Inc (TWC) To Report Q2 Results Today

The company reported EPS of $1.65, which was $0.23 short of the consensus. (NYSE:TWC) is scheduled to report its results for the quarter ended June 30, 2015, before markets open today. The Street expects Time Warner to report a 5.26% year-over-year (YoY) decline in earnings, and a 3.67% YoY increase in earnings.Last quarter, Time Warner Cable missed the Street on both its earnings and revenue. Over the last eight quarters, Time Warner has beaten the Street four times on its earnings.

Published: Jul 30, 2015 at 5:35 am EST

Time Warner Cable Inc. (NYSE:TWC) is scheduled to report its results for the quarter ended June 30, 2015, before markets open today. As per the whisper data on whispernumbers.com, the media giant would miss the Street on both its top- and bottom-line numbers, as it releases its results for the second quarter of fiscal year 2015 (2QFY15) today.

For 2QFY15, whispernumbers.com suggests Time Warner Cable would report adjusted earnings per share (EPS) of $1.79, missing the Street by $0.01. Estimize.com further suggests the company would report revenue of $5.91 billion, missing the Street by $23 million this quarter. The Street expects Time Warner to report a 5.26% year-over-year (YoY) decline in earnings, and a 3.67% YoY increase in earnings.

Last quarter, Time Warner Cable missed the Street on both its earnings and revenue. The company reported EPS of $1.65, which was $0.23 short of the consensus. Sales came in at $5.78 billion, falling $5 million short of the consensus estimate. Over the last eight quarters, Time Warner has beaten the Street four times on its earnings. However, the media giant has missed its consensus sales estimates seven times within the same period.

Most of the analysts currently covering the stock recommend a Hold rating on it. Of the 28 analysts who rate the stock, 11 recommend a Buy, while 16 suggest a Hold. The 12-month consensus mean price target for the shares is $193.19, suggesting an 8.14% downside over their last closing price, which was $189.43.

Time Warner Cable stock has rallied 21.80% over the last three months. The stock has climbed 24.58% year-to-date. As of 6:06 PM EDT Wednesday, shares fell 0.75% to trade at $188.

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Bidness Etc
Today
21 Points
1

Ohio State opens No. 1 in college football's preseason Amway Coaches Poll

25 Tennessee, which edged Mississippi State by a scant two poll points for its first ranking since the 2008 preseason balloting. 2 TCU, meanwhile, starts with the highest preseason ranking in program history (and matching its all-time high). With all the talent returning to Columbus following a national championship, there wasn’t much doubt that Ohio State would open the 2015 season with the No.1 ranking in the preseason Amway Coaches Poll.

With all the talent returning to Columbus following a national championship, there wasn’t much doubt that Ohio State would open the 2015 season with the No.1 ranking in the preseason Amway Coaches Poll. The only question: Would the vote be unanimous?

And now we have an answer ? not quite. The Buckeyes were picked No. 1 on 62 of 64 ballots in the 2015 preseason Amway Coaches Poll, released Thursday. Second-ranked TCU and No .3 Alabama each claimed one first-place vote apiece. Still, it’s a strong endorsement for the Buckeyes as they try to become the first team to start and finish a season atop the rankings since Southern California in 2004. It’s the third time Ohio State will open the season at No. 1 since USA TODAY began administering the coaches poll in 1991.

AMWAY COACHES POLL: Complete top 25 rankings

No. 2 TCU, meanwhile, starts with the highest preseason ranking in program history (and matching its all-time high). It’s a major vote of confidence for the Horned Frogs and for No. 4 Baylor, last season’s Big 12 co-champions, both of whom were left out of the inaugural four-team College Football Playoff.

The Southeastern Conference heads the field once again in terms of number of ranked teams, a counter to the argument that the conference has taken a hit in public perception in a two-year national title drought. Paced by No. 3 Alabama, eight SEC teams begin the season in the top 25; five of them represent the West Division. Two more, Mississippi State and Texas A&M, lead the group of others receiving votes.

Other items of note:

?The Big 12 scored two teams in the top four, but the rest of the league didn’t fare as well. Oklahoma is the only other conference member in the top 25, at No. 19, its lowest starting position since 2000. Texas is unranked in the preseason for the first time since 1998.

?Perhaps the surprise member of the SEC in the poll is No. 25 Tennessee, which edged Mississippi State by a scant two poll points for its first ranking since the 2008 preseason balloting. The Vols have a returning starter at quarterback in the person of Joshua Dobbs, a luxury most of their fellow conference members don’t have.

?The Pac-12 claimed six spots in the top 25, led by No. 5 Oregon, last year's runner-up.

?The ACC and Big Ten match the Big 12 with three each. No.11 Notre Dame and No. 24 Boise State are the only ranked teams from outside the power five leagues.

PHOTOS: AMWAY COACHES POLL TOP 25

USA Today
Today
16 Points
New

Raiders put One Direction's Harry Styles in his place

They questioned Styles by showing a photo of a young man proudly posing with his Oakland Raiders hat -- the man in the photo was Liam Payne, who just so happens to also be a member of One Direction.Hey @Harry_Styles, nobody supports the Raiders. #RaiderNation pic.twitter.com/cR4kcQ30OcOh, and it didn't take much digging on our part to find photos and a video of Niall Horan, also of One Direction, wearing his Raiders hat.Oops. Well this is awkward, right @Real_Liam_Payne.

The Oakland Raiders scored an impressive comeback victory on Wednesday, thanks to their social media department.

Pop star Harry Styles of One Direction, who knew his audience well, took time out during his band's concert in Kansas City on Tuesday night to call out the Raiders.

"I support the Raiders, said no one ever!" Styles said, eliciting thunderous cheers from the crowd at Arrowhead Stadium, home to the Chiefs, the Raiders' longtime rivals.

Undaunted, the Raiders countered Styles' claim via the team's official Twitter account. They questioned Styles by showing a photo of a young man proudly posing with his Oakland Raiders hat -- the man in the photo was Liam Payne, who just so happens to also be a member of One Direction.

Hey @Harry_Styles, nobody supports the Raiders? Well this is awkward, right @Real_Liam_Payne? #RaiderNation pic.twitter.com/cR4kcQ30Oc

Oh, and it didn't take much digging on our part to find photos and a video of Niall Horan, also of One Direction, wearing his Raiders hat.

Oops.

San Jose Mercury News
Today
16 Points
New
1 2 3 4 5 6 7 8 9 10 11

Money Bank of America Corp (BAC) Stock May Hit $20 - Credit Suisse Group

A lot of the upside potential is based on BAC's rising revenue growth and increased efficiency, expected to drive the stock price up to $20.The meeting consisted of BAC’s CEO, Brian Moynihan, and CFO, Paul Donofrio. Published: Jul 30, 2015 at 5:04 am EST Following a sit-down session with the Bank of America Corp.'s (NYSE:BAC) management, Credit Suisse analysts emerged with a considerably positive outlook on the bank's long-run potential on Wednesday.

Published: Jul 30, 2015 at 5:04 am EST

Following a sit-down session with the Bank of America Corp.'s (NYSE:BAC) management, Credit Suisse analysts emerged with a considerably positive outlook on the bank's long-run potential on Wednesday. A lot of the upside potential is based on BAC's rising revenue growth and increased efficiency, expected to drive the stock price up to $20.

The meeting consisted of BAC’s CEO, Brian Moynihan, and CFO, Paul Donofrio. Although a lot of discussion in the meeting was based on management changes that are expected to increase efficiency, the executives had clarified that the management's focus would not change. Moreover, the meeting shed light on the prospects of the bank's comprehensive capital analysis and revenue (CCAR) resubmission. The Bank of America management is confident and prepared for the CCAR.

Importantly, Credit Suisse analysts extracted significant information in relation to investors from the executives. The analysts anticipate a rise in return to shareholders over time. This includes both return on total equity and capital payouts. Moreover, Credit Suisse expects Bank of America’s near-term target to drive up to an estimated $20. The firm believes it would be made possible by a double-digit tangible book value growth and an increase in return on total equity.

The executives also tapped the topic of an anticipated tightening sanctioned by the Fed. The bank management is confident about a Fed tightening, and is well-prepared for it. The executives also specified that the US economy is well-equipped to handle a hike in interest rates, and is able to undergo a tightening.

Increased interest rates are also expected to bolster Bank of America’s revenue generation capacity. Positive loan growth and consistent investment increase are expected to push revenues up roughly 3%.

Furthermore, the firm's analysts suggest BAC investors to grasp at their holdings in lieu of increased returns on investment. The analysts recommend an Outperform rating on Bank of America stock due to improved fundamentals such as increasing revenue growth, stability, acceptable CCAR resubmission, and controlled expenses. The sell-side firm also provides an estimated target price of $20; the 12-month consensus target price on the stock is $19.2.

Most analysts are positive on the long-term prospects of Bank of America stock. From 41 analysts, 21 recommend a Buy, 17 witness a Hold, while only three suggest a Sell. Bank of America stock ended Wednesday's trading session up 1.57% at $18.16.

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Bidness Etc
Today
19 Points

Travel Ask Amy: Young married mother of two lacks help from husband (7/30/2015)

No Desire to Rekindle Dear No Desire: If at this party you are forced to interact with "Stella," be polite and calm. Disgusted Dear Disgusted: Formal, traditional wedding invitations come from the bride's parents, because they are considered the hosts of the wedding. Stressed Out of My Mind Dear Stressed: Your husband is working a night shift in order to support his family. You are giving your husband a chance to connect with the children and develop his own routines with them, and .

Dear Amy: I am 23 and married with two wonderful children. I had my first child at 20 and the other at 22. Being a mom is super awesome and all that, but I'm starting to get overly stressed. My husband is 23 also. He doesn't feel like he has to share the responsibility of caring for the children.

He works every night and comes home around 8 a.m. I am a stay-at-home mom (so I feel like I work 24/7).

I do almost everything by myself and he complains if I ask him for help. Am I expecting too much? Should it be OK for me to do everything regarding the children by myself?

I know that moms have been doing this forever but it just gets harder every day, to the point where I break down in the bathroom (pretending to use it). Am I wrong to expect his help? Should I just get over it? ? Stressed Out of My Mind

Dear Stressed: Your husband is working a night shift in order to support his family. This is "help" of the first order. Without his efforts, your lifestyle would not be possible.

All the same, with two very young children, you more than have your hands full and you need some relief.

You should develop some routines that include your husband ? not necessarily as the "helper," but as the "father."

Choose a period in the late afternoon or early evening (schedule this around his most wide-awake time) where you leave the house and the kids stay with him. You could schedule an exercise class, power-walk with a friend, or simply (as I used to do) sit in your car and read a magazine. The point is that it is a limited amount of time and the kids stay with him and you actually leave the house. If he grumbles, simply tell him, "I'll be back at 6:30. You can handle it. You'll be great."

Come home promptly. Don't correct his parenting or complain about how he diapers the baby. You are giving your husband a chance to connect with the children and develop his own routines with them, and ? equally as important ? you will be giving yourself time to recharge.

If a friend or family member can watch the children occasionally, you two should de-stress together.

Dear Amy: After years of a challenging friendship with "Stella," marked by bouts of drama, imagined slights and uneasy compromises, I finally chose to close the book on it three years ago. Stella had already decided to stop speaking to me because I took offense to an unpleasant personal situation she set in motion.

Not being in touch has been such a relief. It also helps that we live on opposite sides of the country, and our many mutual friends don't get involved.

In a few months we will both be attending our high school reunion, an event that I have always enjoyed. Our reunions are quite convivial affairs, and I am trying to figure out a civil way to deal with a possible confrontational encounter. She's practiced at playing the victim.

Should it happen, how do I politely and kindly head off any kind of blame game exchange? I'd like to make it clear that I have no desire to rehash the past, and that I have moved on. We're all there to have a good time. ? No Desire to Rekindle

Dear No Desire: If at this party you are forced to interact with "Stella," be polite and calm. If she brings some drama to the interaction, repeat your refrain: "We're all here to have a good time," and then excuse yourself and talk to someone else.

Dear Amy: "Heartbroken" reported that as parents of the groom, they were distressed to see their names were not listed on the wedding invitation.

I felt their pain. Every wedding invitation should list both sets of parents! ? Disgusted

Dear Disgusted: Formal, traditional wedding invitations come from the bride's parents, because they are considered the hosts of the wedding. There is no one way to do this and I agree that being inclusive is best.

Send questions via e-mail to [email protected] or write to Ask Amy, Chicago Tribune, TT500, 435 N. Michigan Ave., Chicago, IL 60611.

The Denver Post
Today
11 Points
1 2 3 4 5 6 7 8 9 10 11 12

Money AstraZeneca plc (AZN) Q2 Earnings Top Estimates On New Drugs Growth

The company reiterated its earnings guidance for the full year 2015.AstraZeneca opened today’s trading session at $33.71 and is up 2.33% as of 12:13 PM EDT on raised 2015 outlook and higher-than-expected revenues for the recent quarter.You might also like this:. Published: Jul 30, 2015 at 12:33 pm EST British pharmaceutical giant AstraZeneca Plc ADR (NYSE:AZN) announced its second-quarter financial results for FY15 before the opening bells on Thursday.

Published: Jul 30, 2015 at 12:33 pm EST

British pharmaceutical giant AstraZeneca Plc ADR (NYSE:AZN) announced its second-quarter financial results for FY15 before the opening bells on Thursday. The company reported better-than-expected revenues and profits on the back of stronger sales of its diabetes treatments and the blood thinner drug Brilinta, accompanied by growth from external deals.

Profits reported by AstraZeneca for the most recent quarter (2QFY15) came in at $1.81 billion, representing a fall of 10.84% year-over-year (YoY) as compared to profits of $2.03 billion reported in 2QFY14.

Adjusted earnings per share (EPS) reported by AstraZeneca for the latest quarter contributed to a bright picture of the company’s performance. Adjusted EPS, after removing one-time costs, for 2QFY15 stood at $1.21, signifying a rise of 6.92% YoY as compared to adjusted EPS of $1.3 reported for 2QFY14. Adding to further positives, the recent quarter’s adjusted EPS figure also proved to significantly beat the Street’s estimate of $1.05, as per data gathered by Thomson Reuters.

Revenues for the recent quarter also proved to be better than the Street’s expectations and significantly added to the company’s positive performance. Revenues for 2QFY15 came in at $6.3 billion, which showed a decrease of 2.33% YoY when compared to revenues of $6.45 billion reported for the same period last year. These revenues, on the positives, were significantly higher than the consensus estimate of $6 billion, as per data compiled by Thomson Reuters.

The higher-than-expected revenues for the latest quarter can largely be attributed to the growth of the company’s diabetes drugs and the blood thinner drug, Brilinta. Astrazeneca’s diabetes med, Bydureon, grabbed sales of $140 million, signifying a rise of 25% YoY. In addition, the company’s Brilinta recorded sales of $144 million, representing an increase of 23% YoY.

Adding to the positives, some of AstraZenenca’s older blockbuster drugs also proved to top the Street’s expectations; cholesterol drug Crestor raked in sales of a hefty $1.31 billion, significantly topping the consensus’ estimate of $1.28 billion.

Other significant factor which contributed to better-than-expected revenues in the recent quarter was the company’s strategy of "externalization," which involved the company selling the rights of certain drugs, which amounted to almost $471 million, with the majority of the contribution coming from a deal with Celgene Corporation (NASDAQ:CELG) worth $450 million. This is the strategy the company is using to offset the declining sales of its top selling drugs as they lost patents and got exposed to generic competition. The drugs which recently lost patents include Nexium, Crestor and Seroquel.

The company has been constantly experiencing declining revenues on declining sales of its top-selling drugs. The company is betting high on the success of its new oncology drugs and is expecting the company’s revenues to return to growth by 2017.

Observing the last three months’ trend, AstraZeneca’s shares have been underperforming the iShares NASDAQ Biotechnology Index (ETF) (NASDAQ:IBB), which has since gained 12.83% while in comparison, AstraZeneca is down 1.55% from May 1, 2015 until yesterday’s close.

In addition, AstraZeneca has also raised its full-year 2015 sales outlook expecting the revenues to fall by low single-digit percentage, when measured at constant exchange rates, as compared to the previous prediction of a decline of a mid-single-digit percentage. The company reiterated its earnings guidance for the full year 2015.

AstraZeneca opened today’s trading session at $33.71 and is up 2.33% as of 12:13 PM EDT on raised 2015 outlook and higher-than-expected revenues for the recent quarter.

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Bidness Etc
Today
16 Points

Arts Ranking best to worst: 'Ghost' hard to top

"Mission: Impossible III" (2006)Tom Cruise spends a lot of time showing off his fast-twitch muscle fibers in J.J. "Mission: Impossible" (1996)Brian DePalma's reboot of the TV series takes forever to rev up its engine, but individual set pieces (Cruise dangling on wires) give it some gas and help smooth out the snoozer parts.4. Here's a mission we accepted immediately, ranking the franchise's films from best to worst.1.

Here's a mission we accepted immediately, ranking the franchise's films from best to worst.

1. "Mission: Impossible -- Ghost Protocol" (2011)

Director Brad Bird jacks up the series with slam-bang action sequences (the Dubai building aerial acrobatics turned me into a sweaty puddle) and cheeky humor (the opening scene recalls the best of the TV series). Hard to top this one.

2. "Mission: Impossible III" (2006)

Tom Cruise spends a lot of time showing off his fast-twitch muscle fibers in J.J. Abrams' respectable but overly serious entry. The late Philip Seymour Hoffman, as the heavy, steals the show.

3. "Mission: Impossible" (1996)

Brian DePalma's reboot of the TV series takes forever to rev up its engine, but individual set pieces (Cruise dangling on wires) give it some gas and help smooth out the snoozer parts.

4. "M:i-2" (2000)

Trying to atone for the sluggish pace of DePalma's plot-driven take, director John Woo swung wildly into the opposite direction, hitting us with an action flick so outlandish you didn't care about anyone, anything. All looks, no brains.

-- Randy Myers

San Jose Mercury News
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Bond set at $1M for Ohio cop accused of killing driver

Paul Tensing is a retired Springfield Township firefighter.Mathews repeated his stance afterward that Ray Tensing, who had reached through DuBose's lowered car window during the traffic stop, feared for his life when the officer felt DuBose starting to drive away.Deters said the car started to roll after the officer shot DuBose in the head, which instantly killed him.“There are two sides to things,” Mathews said.

CINCINNATI ? A former University of Cincinnati police officer charged with murder in the shooting death of a man he pulled over for a missing front license plate pleaded not guilty in court Thursday.

Ray Tensing, 25, killed Samuel DuBose, 43, on July 19 as the unarmed black man delayed producing his driver's license during the traffic stop near the university's campus. Judge Megan Shanahan of Hamilton County Common Pleas Court set Tensing's bond at $1 million during the arraignment as Tensing bowed his head, closed his eyes and never looked at anyone.

Applause broke out in the courtroom when Shanahan set the high bond, but she immediately put a stop to it, admonishing spectators.

"This is a courtroom," she said.

Outside the courtroom, DuBose’s family and friends demanded a conviction. They hugged; they shed tears.

"If this man doesn’t get convicted, they can shoot me in the head, too," said Kimberly Thomas, DuBose’s friend.

For a few seconds, they broke into chant of “no justice, no peace.” Courthouse security ordered them to be quiet.

DuBose was the 637th person killed by police since Jan. 1, 19 in Ohio, according to a Guardian database. The British newspaper has been gathering data from news reports and social media to count deaths caused by law-enforcement officers across the USA.

Since DuBose's death July 19, 27 others have died at the hands of police, the database shows. More than a quarter of the 2015 total so far were black; about 13% of the U.S. population identifies as black.

Tensing's personnel file from nearly four years on the Greenhills police force, his job before being hired in April 2014 at the University of Cincinnati, shows that he used a Taser on a motorist during a January 2012 traffic stop, according to documents The Enquirer obtained through a public-records request. The officer claimed the driver, who was not identified, was resisting arrest.

The file from Greenhills, a Cincinnati suburb of about 3,500 residents, does not detail why Tensing stopped the motorist nor his race.

"Officer had suspect at the side of his car," according to a statement from another driver who witnessed the 2012 incident. "Suspect started hitting officer and trying to get away. I stopped to help officer and grabbed suspect's leg. Suspect continued to fight. Officer told him to stop or he would get Tazed. Suspect continued to fight so officer Tazed him and took him into custody."

Tensing reported that he received bruising and cuts to his right index and middle fingers during the struggle, but few other details are included in the file.

Tensing has been a police officer for a little more than four years, joining the Greenhills police force part time in April 2011, a job that became full time in March 2013 and continued part time for eight months after the University of Cincinnati hired him. In Greenhills, 9 in 10 residents are white.

On Wednesday, Tensing was charged with murder after a Hamilton County grand jury indicted him earlier in the week in the DuBose case. Among the crucial pieces of evidence was body-camera video that contradicted the account of the incident that Tensing gave to investigators.

That day, Hamilton County Prosecutor Joe Deters said he believed Tensing's shooting of DuBose was purposefully carried out.

"This is the most asinine act I've ever seen a police officer make," Deters said. "It was senseless. It's just horrible."

Tensing's lawyer, Stewart Mathews, said he would do his best to raise the money to get his client out of jail Thursday. Tensing can post 10% of the $1 million bond, an amount that can be raised through a lien on a house.

Tensing's father, Paul Tensing, and other family members were in the courtroom during the arraignment, but none would comment after the hearing. Paul Tensing is a retired Springfield Township firefighter.

Mathews repeated his stance afterward that Ray Tensing, who had reached through DuBose's lowered car window during the traffic stop, feared for his life when the officer felt DuBose starting to drive away.

Deters said the car started to roll after the officer shot DuBose in the head, which instantly killed him.

“There are two sides to things,” Mathews said. “This case will be tried in a courtroom.”

The DuBose family lawyer, Mark O'Mara, said no bond should have been set.

“This was murder without justification," said O'Mara, who represented George Zimmerman in the 2012 Trayvon Martin shooting in Sanford, Fla. "Tensing was in a position of authority and should be held to a higher standard.”

DuBose's death raises questions about the training of University of Cincinnati police officers, who have an agreement with the city allowing them to patrol off the campus of more than 40,000 students. On Wednesday, University of Cincinnati officials dismissed Tensing from its police force.

Tensing, whose lawyer told Shanahan that he was a 2012 cum laude graduate of the University of Cincinnati, turned himself in soon after Deters' news conference and spent the night in Hamilton County's jail.

Contributing: Jason Williams, The Cincinnati Enquirer

USA Today
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'Bachelorette': Did Kaitlyn Bristowe break the rules with three little words?

Apparently, that's a big no-no on "The Bachelorette."Rejected suitor Nick Viall revealed that Kaitlyn Bristowe told him "I love you" frequently when they were together in private during the recently concluded season of "The Bachelorette." Viall opened up to former Bachelorette Ali Fedotowsky in an interview she posted on her blog, aliluvs.com, on Wednesday."We told each other a bunch of times," Viall said.

Sex before the fantasy suite? No problem. "I love you" before the final rose? Apparently, that's a big no-no on "The Bachelorette."

Rejected suitor Nick Viall revealed that Kaitlyn Bristowe told him "I love you" frequently when they were together in private during the recently concluded season of "The Bachelorette." Viall opened up to former Bachelorette Ali Fedotowsky in an interview she posted on her blog, aliluvs.com, on Wednesday.

"We told each other a bunch of times," Viall said. "I was very lucky that... obviously, there's the fantasy suite, but she requested a lot of extra time. We really enjoyed our private time together."

But most surprising, Viall said, was the first time Bristowe told him, "I love you."

"She's not allowed to say that, even technically in private," he said.

Fedotowsky quickly agreed. "When I was the Bachelorette, the producers were always like, 'Don't tell someone you love them! Don't tell them!' It's a rule. You're not supposed to say it, because you can change your mind. They say, 'Don't say it until the end just in case.'"

But Bristowe's season was far different from Fedotowsky's. First, Bristowe had to earn enough votes from the bachelors to beat out another "Bachelorette" candidate to become the leading lady. Then she invited Viall, a former "Bachelorette" candidate she had met before the season began, to join her herd of eligible husbands-in-the-making.

Bristowe then stirred up criticism when she and Viall had sex before the fantasy suite, where doing the horizontal tango apparently is sanctioned.

Despite losing out -- for the second time -- Viall said he was lucky to be considered. "It's obviously an incredible opportunity."

Ann Tatko-Peterson provides celebrity commentary for the Bay Area News Group. Follow her at twitter.com/atatkopeterson.

San Jose Mercury News
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