DELPHI - Nearly two years after charges were filed in August 2005, a jury trial began Monday in Carroll Circuit Court to decide the case of former Carroll County Health Nurse Rebecca Lohmiller.
Lohmiller, 56, allegedly committed multiple counts of forgery, Class C felonies, and practicing nursing without a license, Class B misdemeanors.
The charges relate to Lohmiller's use of the initials R.N., Registered Nurse, on documents she signed while in her position with Carroll County, and the apparent inability to prove she was licensed as a nurse in Indiana.
In total, six counts of forgery and 21 counts of practicing without a license were filed following an investigation in 2004, and read in court Monday afternoon by Special Judge Linley E. Pearson from Clinton Circuit Court.
Saturday, June 9, 2007
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Some snakes can swallow animals that are much bigger than themselves, and apparently so can some generic drugmakers. Mylan Laboratories (NYSE: MYL) announced yesterday that it was buying German pharma Merck KGaA's much-larger generics drug business.
The $6.7 billion all-cash deal will more than double the size of Mylan, which has an under-$5 billion market capitalization. Merck's generics segment's $2.4 billion in 2006 sales is nearly double Mylan's 2006 fiscal year top-line results.
Mylan will pay for the deal by issuing up to $2 billion worth of stock and stock-related debt. In an industry where size does matter, this deal gives the new, combined Mylan much more weight in terms of top-line sales than its competitors like Barr Pharmaceuticals (NYSE: BRL) and Watson (NYSE: WPI).
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DoubleClick Hopes to Touch Industry 'Nerve'
24/7 Real Media ran ads in the days after the pending deal was announced asking, "Google to buy DoubleClick for $3.1 billion. Good for them. Good for you?" DoubleClick in response released a statement on Friday that assured customers it would not marry ad data with Google's trove of consumer Web behavior information. The campaign is part of a broader corporate rebranding exercise that features a new logo for the company, developed by Ogilvy & Mather's branding group. It was in the works for over nine months, CMO Marianne Caponnetto said, long before Google inked a deal to buy DoubleClick for $3.1 billion two weeks ago. "The nerve center reflects the fact that we are at the nexus of the marketplace," she said. "We serve both the leading buyers and sellers of the marketplace." Caponnetto said the "nerve center" positioning was developed based on customer feedback prior to the Google deal, and the new circumstances did not warrant a change in approach.
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Panic Selling Hits Optionable: Buying Opportunity Created?
This morning, the Bank of Montreal reported that it lost $404 million from natural gas trading. This spooked shareholders of Optionable Inc. (OPBL), a provider of natural gas and other energy derivatives trading and brokerage services, who were already on the edge following an April 16 New York Post article that took note of the fact that, according to Optionable's latest 10-K filing with the Securities and Exchange Commission, the Bank of Montreal accounted for 24% of the firm's revenues. The article also cited that this particular business proved to be more lucrative for the company, generating 77% gross margins, compared with 56% for transactions with nonrelated parties. Sources told The Post that a single trader at the Bank of Montreal, commodity trader David Lee, was responsible for that business.
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Qantas share slide on the cards
THE Qantas share price has stayed remarkably firm a week since the corporate takeover debacle, but analysts are predicting a slide is in the wings.
The airline's shares soared 16 per cent, from $4.20 to $4.86, after the announcement of a private equity bid from the Macquarie Bank-led Airline Partners Australia in November.
The stock eventually peaked at $5.39 before the takeover consortium conceded defeat last week, and closed relatively unscathed at $5.19 on Friday.
Many experts predicted there would be more damage - some expecting the stock to plummet to the mid-four dollar range - as opportunistic hedge funds fled. Among the doomsayers was company chairwoman Margaret Jackson.
"If anyone thinks this will happen without affecting the (share) price then they have a mental problem with how the market works," she said in March.
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Investing Systems鈥?Stock Signal Pro Technical Trading Software ...
Investing Systems announced today the release of the latest version of the Stock Signal Pro software for short-term swing traders.
"The Stock Signal Pro software has been our best-selling technical trading system for stock traders for the last couple years," said William McKinley, President of Investing Systems. "The new version makes it even easier to find good trading candidates."
The Stock Signal Pro software issues exact trading advice based strictly on technical analysis. The trading signals include entry and exit strategies as well as proper stop-loss placement techniques.
"We designed the Stock Signal Pro as a tool for investors to sift through all the financial data and make the process of finding high probability stock trades as simple as possible," McKinley said.
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Forex Daily Technical Report Another Wave of Carry Trade Unwinding ...
The Japanese yen and Swiss Franc surges across the board again as the week starts on another wave of carry trade unwinding. Asian stock markets tumbled, extending the global sell off what wiped $1.5T value of global equities. The Morgan Stanley Capital International Asia-Pacific Index fell 2.9% to 138.68, the lowest close since Jan. 11. The Emerging Markets Index fell 2.4% to 856.96, adding to a 4-day, 6.7% slump. The crash in emerging markets as triggered further covering of yen and franc short positions which were used to fund investments in high yield assets.
Technically speaking, note that today's extension in USD/JPY weakness has pushed it through the important medium term rising channel, confirming that the year long up trend from 108.99 has completed at 122.17 and further medium term weakness is to be seen.