LITTLE ROCK — QUOTE OF THE DAY
“It’s much easier when they want to vote straight ticket.”
Ida Silverstein, a volunteer who helps elderly residents vote at Seven Acres Jewish Senior Care Services in Houston Article, this page
SEC gets order to freeze assets
WASHINGTON - The U.S. Securities and Exchange Commission obtained a court order to freeze assets of traders who purportedly reaped more than $13 million by trading illegally ahead of Cnooc Ltd.’s announcement that it would buy Nexen Inc.
Hong Kong-based Well Advantage Limited and other unknown traders stockpiled shares of Nexen on the basis of confidential information about the deal, the SEC said in a statement Friday announcing a complaint filed at federal court in Manhattan. The court order froze about $38 million in assets, the SEC said.
Nexen’s stock rose more than 50 percent on July 23 after Cnooc, China’s largest offshore oil and gas explorer, said it would pay $15.1 billion in cash to acquire the Calgary, Alberta based company in the biggest overseas takeover by a Chinese firm. The price was $27.50 for each common share, a premium of 61 percent to Nexen’s closing price on July 20, the previous trading day.
Engine debris falls from Boeing 787
NEW YORK - A Boeing Co. 787 Dreamliner being tested Saturday in South Carolina had a malfunction related to its General Electric Co. engine, dropping metal debris on the runway and causing a fire nearby.
The incident is the second in less than 10 days involving engines from GE and Rolls-Royce Holdings PLC on Dreamliners.
Boeing said it’s working with the National Transportation Safety Board and GE to investigate what went wrong.
The aircraft was undergoing pre-flight runway testing in North Charleston, S.C., Boeing said in an e-mailed statement Sunday. The Dreamliner, which is more than three years behind schedule, is made in North Charleston and Everett, Wash.
Airport spokesman Becky Beaman said debris from the engine fell onto the runway and into the grass at the airport Saturday afternoon, sparking the fire. No one was hurt, she said.
GE spokesman Rick Kennedy confirmed the incident Sunday, saying there was some “hardware damage” to the GEnx engine. This is the first “significant issue” with GE’s new GEnx engine. About 100 of the devices are in service and are performing well, he said. Kennedy said the plane being tested was to go to Air India Ltd.
Boeing spokesman Julie O’Donnell declined to comment on the incident, citing the ongoing investigation.
No charge seen over miscarriage
DENVER - A former prosecutor said the man suspected of shooting and killing 12 people and wounding 58 others at a Colorado theater won’t face an additional homicide charge after one of the victims who was critically injured suffered a miscarriage.
Defense attorney Karen Steinhauser, a former prosecutor and current adjunct professor at the University of Denver, said homicide charges in Colorado only apply to those “who had been born and alive.”
The family of Ashley Moser, who was critically wounded in the July 20 shooting in Aurora, said in a statement Saturday that she is recovering from surgery but the trauma caused the miscarriage. Moser suffered wounds to her neck and abdomen.
Her daughter, 6-year-old Veronica Moser-Sullivan, died in the attack.
The suspect in the rampage, James Holmes, is to be arraigned today.
Front Section, Pages 3 on 07/30/2012