Micron scoops up Elpida Memory, 50-percent production boost for $2.5 billion

There's no question that Micron has shifted its focus away from PCs in favor of producing components, shipping everything from SSDs to CMOS sensors in recent years, but the semiconductor manufacturer just took a $2.5 billion step even closer to bridging its gap between other companies in the same market, including Samsung, the chip producer's top competitor. Under the deal, Elpida Memory, which is headquartered in Tokyo, will fall within the Idaho-based conglomerate's growing umbrella, netting Micron a 50-percent boost in production capability. That increase did come at great expense, however -- the transaction included $750 million in cash and $1.75 billion in future installments (1,750 easy payments of one million dollars?), which are set to continue through 2019. The acquisition was also paired with a 24-percent stake in Rexchip Electronics for an additional $334 million, which will complement Elpida's investment, yielding a total 89-percent stake for Micron. While the amount does seem quite significant, investors appear to be on board, with Micron's stock ($MU) currently up more than 4 percent since this morning. Both deals will reportedly close within the next year.

Micron scoops up Elpida Memory, 50-percent production boost for $2.5 billion originally appeared on Engadget on Mon, 02 Jul 2012 19:39:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/07/02/micron-buys-elpida-memory/

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Pakistan PM: Closure of NATO lines hurts US ties

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Paterno family: Release all emails and records

STATE COLLEGE, Pa. (AP) ? Joe Paterno's family is calling on the Pennsylvania attorney general and former FBI Director Louis Freeh to release all emails and records related to their investigations into the Penn State child sex abuse scandal.

Family lawyer Wick Sollers' statement Monday comes after reports of leaked emails between administrators about a graduate assistant's account in 2001 of an encounter between former defensive coordinator Sandusky and a boy in the showers.

CNN reported one email outlined a change in plans among administrators after Athletic Director Tim Curley spoke to Paterno.

Sollers represents the family of former coach Paterno, who was fired and died in January. Sollers says it's clear someone in authority was not interested in a thorough investigation, given the leaks of selective emails.

Freeh is leading the school's internal investigation.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-07-02-Penn%20State-Abuse/id-8f9d61231c6c46e9a7f401b64961759c

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NerdWallet.com Launches New Finance Section for Gay/Lesbian ...

Written by scott on July 1st, 2012

Given the patchwork of state laws and the federal Defense of Marriage Act (DOMA), same-sex couples do not have access to the same protections as heterosexual couples. It is imperative that couples take measures to protect themselves and their loved ones. This is true even if you have a legal marriage or registered domestic partnership.

The tool below helps same sex couples navigate the myriad financial, legal and tax implications of their relationships. It provides a clear list of documents to obtain, and financial considerations to ask advisors about.

Remember, bad things happen to good people who don?t plan. Don?t be one of them!

Full Story from Nerd Wallet

Find more articles and gay wedding resources.

To subscribe to this blog, use the rss feed on the right, or use the form at right to join our email list. You can also email us at info@purpleunions.com. Or find us on Facebook. We?re also tweeting daily at http://www.twitter.com/gaymarriagewatc.

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Tags: finance, gay couples, lesbian couples, nerd wallet

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US storms kill 12, cause wide power outages

A worker uses a chainsaw to clear branches from a tree that fell onto the 14th fairway at Congressional Country Club in Bethesda, Md., Saturday, June 30, 2012, after a strong storm blew through overnight. The AT&T National golf tournament was postponed to allow workers to clear the course. More than two million people across the eastern U.S. lost power after violent storms and two people died, including a 90-year-old woman asleep in bed when a tree slammed into her home, a police spokeswoman said Saturday. (AP Photo/Patrick Semansky)

A worker uses a chainsaw to clear branches from a tree that fell onto the 14th fairway at Congressional Country Club in Bethesda, Md., Saturday, June 30, 2012, after a strong storm blew through overnight. The AT&T National golf tournament was postponed to allow workers to clear the course. More than two million people across the eastern U.S. lost power after violent storms and two people died, including a 90-year-old woman asleep in bed when a tree slammed into her home, a police spokeswoman said Saturday. (AP Photo/Patrick Semansky)

A worker chainsaws a tree that fell onto a tee box on the the 12th hole at Congressional Country Club in Bethesda, Md., Saturday, June 30, 2012, after a strong storm blew through overnight. The AT&T National golf tournament was postponed to allow workers to clear the course. (AP Photo/Patrick Semansky)

Workers use a golf cart to carry branches from a tree that fell onto the 14th fairway at Congressional Country Club in Bethesda, Md., Saturday, June 30, 2012, after a strong storm blew through overnight. The AT&T National golf tournament was postponed to allow workers to clear the course. (AP Photo/Patrick Semansky)

A worker uses a chainsaw to clear a tree that fell onto the 14th fairway at Congressional Country Club in Bethesda, Md., Saturday, June 30, 2012, after a strong storm blew through overnight. The AT&T National golf tournament was postponed to allow workers to clear the course. (AP Photo/Patrick Semansky)

A tree toppled by severe storms sits atop a car in Washington's Dupont Circle neighborhood on Saturday, June 30, 2012 in Washington. More than two million people across the eastern U.S. lost power after violent storms and two people died, including a 90-year-old woman asleep in bed when a tree slammed into her home, a police spokeswoman said Saturday. (AP Photo/Jessica Gresko)

WASHINGTON (AP) ? Violent storms swept across the eastern U.S., killing at least 12 people and knocking out power to millions of people on a day that temperatures across the region are expected to reach triple-digits.

The Mid-Atlantic region had already been experiencing 100-degree temperatures before Friday evening's violent storms. More than 3 million are without power ? and without air conditioning ? as crews work to clear downed tree limbs and restore electricity.

The storms were blamed for the deaths of six people in Virginia; two in New Jersey; two in Maryland; one in Ohio; and one in Washington, D.C. In suburban Washington, residents were told to call non-emergency phone numbers or go to fire and police stations if they needed help because even 911 emergency call centers were without electricity.

Power outages were reported from Indiana to New Jersey, with the bulk of the service interruptions concentrated in the Mid-Atlantic region. Earlier Friday, the nation's capital reached 104 degrees ? topping a record of 101 set in 1934.

On Saturday, temperatures were expected to reach 100 degrees again ? and another round of storms also was possible. The National Weather Service warned the heat index could reach 110 degrees.

The heat left people such as the elderly vulnerable. In Charleston, W.Va., firefighters helped several residents of an apartment building, some using wheelchairs or walkers, move to a shelter. Fire Capt. Chris Campbell said the evacuation was voluntary and was the only one since the storm hit. But he expected more.

In addition to the heat, officials say cell phone coverage is spotty. Many residents were asked to conserve water because sewage stations had been without power for a time. And authorities cautioned people to drive carefully because tree limbs littered roads and hundreds of traffic signals were out.

No power also meant no way to charge cellphones and laptops, and no Internet access in many areas.

Matthew Pelow, 39, was supervising a 10-man crew spreading 275-degree asphalt in Washington. They kept bottles of water on hand and were working quickly to finish before the heat got any worse. They also arrived in the cooler early morning hours.

"We got here just as quick as we could," Pelow said.

Kim Molisee, meanwhile, sat frustrated in her car outside the normally bustling but now darkened All-Star Express convenience store in Reedsville, W.Va., just down the road from her home. Officials said about 500,000 people were without power in that state.

"I'm almost out of gas, and I can't run around too much trying to find a store that's open where I can get gas and ice," she said.

Molisee and her 13- and 15-year-old sons were at the Walmart in Kingwood when the storm hit and the power failed.

"Me and the boys made a run for it to the car," she said. They made it home safely and suffered no serious damage, "but even after the storm, you could hear the trees falling."

Molisee will be able to cook on her gas-powered stove and even shower because she has a gas water heater. But staying cool is another matter.

"I think I'm gonna get my boys and go to the river," she said.

More than 20 elderly residents at an apartment home in Indianapolis were displaced when the facility lost power due to a downed tree. Most were bused to a Red Cross facility to spend the night, and others who depend on oxygen assistance were given other accommodations, the fire department said.

Those who could afford it flocked to hotels to escape their hot, powerless homes. Others planned to spend the day at places like shopping malls in an effort to stay cool.

Jose Amaya, 41, of Germantown, Md., was also without power on Saturday. He said his wife and two daughters planned to the mall to stay cool and he joked that the outage was going to cost him because they would be shopping. His wife, who works for a hotel chain, also planned to get the family a room to stay.

Robert Clements, 28, said he showered by flashlight on Friday night after power went out at his home in Fairfax, Va. The apartment complex where he lives told his fianc? that power wouldn't be back on for at least two days, and she booked a hotel on Saturday.

Clements' fiance, 27-year-old Ann Marie Tropiano, said she tried to go to the pool, but it was closed because there was no electricity so the pumps weren't working. She figured the electricity would eventually come back on, but she awoke to find her thermostat reading 81 degrees and slowly climbing. Closing the blinds and curtains didn't help.

"It feels like an oven," she said. "It is hot."

___

Associated Press writers Vicki Smith in Morgantown, W.Va., Larry O'Dell in Richmond, Va., Pam Ramsey in Charleston, W.Va., Norman Gomlak in Atlanta, Jeffrey McMurray in Chicago and Rebecca Miller in Philadelphia contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-06-30-Summer%20Storms/id-b6c3f8a79ba340e9b091fde3f765e94e

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DJMIKESESSIONS: #IFWT (Video) NBA: LeBron James Talks About Cavs Owner - http://t.co/fcFpRarF

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Source: http://twitter.com/DJMIKESESSIONS/statuses/218828770109440000

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FOTGA Canon FD Lens to Sony NEX Adapter Ring - Black

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