NETeller founder pleads guilty in gambling case

(Reuters) - Stephen Lawrence, 47, during a hearing before U.S. District Judge P. Kevin Castel in Manhattan, also agreed to cooperate with the government.




Lawrence, who is also a former chairman of the company, faces a maximum sentence of five years on the conspiracy charge for his role in the operation of the payment processor.


Read more at Reuters.com Business News

Apple iPhone launch draws gadget geeks, hired help

(Reuters) - "It's the newest toy. I'm 62 -- I don't have much time left to buy toys," said Livingstone, who stood in line with his friend Mark Stevenson, 50. They rented a room across the street and took turns to sleep.




The pair were among hundreds of people who lined up -- some for up to five days -- outside Apple stores and outlets of AT&T, the exclusive iPhone carrier for the next two years, for the launch at 6 p.m. local time in each U.S. time zone.


Read more at Reuters.com Business News

UPDATE 1-Savvis cuts '07 revenue view; prepays $342.5 mln debt

(Reuters) - Microsoft has been the sole customer in the data centers
under a colocation contract due to expire at the end of 2010.
This contract generated about $16.5 million of revenue for the
first half of 2007, the telecommunications carrier said.




For 2007, the company now sees total revenue of $805
million to $820 million, down from its prior view of $820
million to $835 million. Analysts on average expect $827.6
million, according to Reuters Estimates.


Read more at Reuters.com Mergers News

EFI restructures board after internal options probe

(Reuters) - The committee also said Joseph Cutts, chief financial
officer from April 2000 to April 2006 and more recently chief
operating officer will no longer continue in any top executive
office. EFI said Coutts is staying with the company in a lesser
role, with new responsibilities to be determined.




Read more at Reuters.com Government Filings News

Hogs Fall to Three-Month Low on Corn's Plunge; Cattle Are Little Changed

(Bloomberg) -- Hog futures in Chicago fell to the
lowest in more than three months as corn prices plunged,
reducing the likelihood that farmers will thin herds to save on
feed costs. Cattle prices were little changed.

Corn has fallen 16 percent in the past two weeks, or about
68 cents a bushel. It takes about 12 bushels, or 670 pounds (304
kilograms), to fatten a 40-pound feeder pig to a slaughter
weight of 250 pounds.


Read more at Bloomberg Commodities News

US STOCKS-Indexes end down as financial shares drag

(Reuters) - For the week, stocks also advanced. The Dow rose 0.4
percent, the S&P 500 inched up 0.05 percent and the Nasdaq
gained 0.6 percent.




The Dow Jones industrial average was down 13.66
points, or 0.10 percent, to end unofficially at 13,408.62. The
Standard & Poor's 500 Index was down 2.36 points, or
0.16 percent, to finish unofficially at 1,503.35. The Nasdaq
Composite Index was down 5.14 points, or 0.20 percent,
to close unofficially at 2,603.23.


Read more at Reuters.com Bonds News

TBS International files for $300 mln mixed shelf

(Reuters) - Under a shelf registration, a company may sell securities
in one or more separate offerings with the size, price and
terms to be determined at the time of sale.




Read more at Reuters.com Bonds News