Court: NJ needs new affordable housing rules

TRENTON, N.J. (AP) – The New Jersey Supreme Court says the state must rewrite its affordable housing rules to again give each town a number of homes it is responsible for.

Thursday’s ruling is the latest in a decades-long legal battle over housing low- and moderate-income residents.

In a 3-2 ruling, the court rejected the state’s latest regulations, which would require towns to include zoning for housing for lower-income residents only if they actually had new development.

The court says the new approach is not consistent with the state’s Fair Housing Act.

The justices gave Gov. Chris Christie’s administration five months to come up with new requirements for how much housing towns must provide through their zoning regulations.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Article source: http://www.myfoxny.com/story/23537052/nj-court-state-needs-new-affordable-housing-rules

Want to spend less? Shop in high heels

TUESDAY, Aug. 27 (HealthDay News) — The higher your heels, the smarter the shopper you will be.

That’s according to new research that found having to focus on physical balance tends to lead to more balanced buying decisions. Hitting the stores after a yoga class or riding an escalator can also have the same spillover effect.

“If you’re someone who tends to overspend, or you’re kind of an extreme person, then maybe you ought to consider shopping in high heels,” study author Jeffrey Larson, a marketing professor at Brigham Young University, said in a university news release.

His team found that when consumers’ minds are focused on staying balanced, they are more likely to consider all of their buying options and choose a mid-range product, as opposed to something high-end or of low quality.

In conducting the study, the researchers set up several ways in which physical balance was involved in consumers’ shopping experience. For instance, people leaned back on a chair while shopping online, played a Wii Fit game while being questioned about certain products, or stood on one foot while making a buying decision.

The study, published in the current issue of the Journal of Marketing Research, found people focused on balancing were more likely to buy a 42-inch television for $450 than a bigger, more expensive model or a smaller, cheaper TV.

The researchers concluded that people should be aware of how physical elements can influence the buying decisions they make.

“We need to sit back for a minute and consider, ‘Is this really

Article source: http://www.myfoxny.com/story/23269081/want-to-spend-less-shop-in-high-heels-study-says

ADM looking to move longtime headquarters

DECATUR, Ill. (AP) — Agribusiness giant Archer Daniel Midland Company says that after 44 years in Decatur, Ill., it is looking for a new location for its headquarters.

CEO Patricia Woertz says in a news release Monday that ADM needs what she called a global center with better access to customers and other employees around the world.

The company said in the release that it wouldn’t publicly discuss details about where it might relocate.

ADM is No. 27 on the Fortune 500.

ADM says the headquarters would have about 100 employees. The company would keep its workforce of about 4,400 in Decatur.

ADM is the central Illinois town’s largest employer.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Article source: http://www.myfoxny.com/story/23506000/adm-looking-to-move-longtime-headquarters

Ex-CEO of major charity arrested on felony charges

ALBANY, N.Y. (AP) – The former CEO of a prominent New York City charity who apologized for what he called “mistakes” when he was fired last month has been charged with stealing from the organization.

Attorney General Eric Schneiderman says William Rapfogel, who ran the Metropolitan Council on Jewish Poverty, has been arrested on felony charges that include grand larceny, money laundering, criminal tax fraud, and conspiracy.

Schneiderman says Tuesday that Rapfogel conspired to inflate the rate of insurance policies paid by the charity and pocketed the difference. Rapfogel and others are accused of stealing $5 million over 20 years.

The charity cited “financial irregularities” and “apparent misconduct” when it ousted him.

Rapfogel is married to Judy Rapfogel, chief of staff to state Assembly Speaker Sheldon Silver. No official made any connection between the action by the charity and Silver’s office.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Article source: http://www.myfoxny.com/story/23516256/ag-arrests-ex-ceo-of-major-nyc-charity-on-felonies

NYPD helping advertise Apple product

By Fox News –

They’re taking a byte out of crime … some of it, anyway.

To combat a surge in smartphone theft, the NYPD has launched a campaign to advise consumers about the security benefits of updating to Apple’s latest — but neglected to promote a similar feature Google launched on Android one month earlier.

“Attention Apple Users!!!!” reads a flyer cops began handing out Friday, the same day Apple started selling the new iPhone 5S and 5C. “The new iOS7 software update avaialble [sic] for your Apple product brings added security to your devices.”

“For additional information on iOS7 features visit www.apple.com,” the flyer helpfully suggests.

Apple’s smartphone competitors including Microsoft, Google and Motorola declined FoxNews.com requests to comment on the program. But a Google source did note Android’s similar feature, which is available for all users running version 2.2 and above — that’s 100 percent of Android-based devices now on sale.

“If your phone can’t be recovered, or has been stolen, you can quickly and securely erase all of the data on your device to keep your data from ending up in the wrong hands,” wrote Adrian Ludwig, an Android security engineer with Google, when he announced the feature in early August.

The Activation Lock feature in Apple’s iOS7 makes it impossible for a thief to deactivate the “Find My iPhone” or “Find my iPad” feature without the owner’s Apple ID and password. Similarly, Google’s Android Device Manager can remotely locate a lost device

Article source: http://www.myfoxny.com/story/23526289/nypd-helping-advertise-apple-product

Postal Service proposes stamp price increase

By ANDREW MIGA  Associated Press

WASHINGTON (AP) — The financially struggling Postal Service is seeking a 3-cent increase in the cost of mailing a letter — and that would raise the price of a first-class stamp to 49 cents.

The chairman of the postal Board of Governors, Mickey Barnett, cites the “precarious financial condition” of the agency and the uncertain prospects for postal overhaul legislation in Congress.

The agency expects to lose $6 billion this year.

Wednesday’s request for the increase in stamp prices must be approved by the independent Postal Regulatory Commission.

The Postal Service said it would ask for adjustment to bulk mail rates in a filing with the commission Thursday. No details were immediately provided.

Media and marketing businesses say a big increase in rates could hurt them and lower postal volume and revenues.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

BlackBerry sold to holding company for $4.7B

ROB GILLIES | AP

TORONTO (AP) — BlackBerry has agreed to sell itself for $4.7 billion to a group led by largest shareholder, Fairfax Financial Holdings Ltd.

BlackBerry said Monday that a letter of intent has been signed and its shareholders will receive $9 in cash for each share.

Fairfax head Prem Watsa is a former board member who owns 10 percent of BlackBerry. Watsa stepped down when BlackBerry announced it was considering a sale last month.

Watsa is one of Canada’s best-known value investors and the billionaire founder of Fairfax Financial Holdings Ltd. He has been compared to Warren Buffett because of his investing approach. BlackBerry founder Mike Lazaridis recruited Watsa to join the company’s board when Lazaridis and Jim Balsillie stepped aside as its co-CEOs in January, 2012.

Trading of the company’s stock was halted ahead of the news. BlackBerry shares plunged after the company announced Friday a loss of nearly $1 billion and layoffs of 4,500 workers.

The BlackBerry, pioneered in 1999, was once the dominant smartphone for on-the-go business people and other consumers before Apple’s iPhone debuted in 2007.

“We believe this transaction will open an exciting new private chapter for BlackBerry its customers, carriers and employees,” Watsa said in a statement. “We can deliver immediate value to shareholders, while we continue the execution of a long-term strategy in a private company.

BlackBerry said its board of directors approved the terms of the letter of intent. The statement said BlackBerry and Fairfax will negotiate and execute a definitive transaction agreement by Nov. 4.

Watsa said

Article source: http://www.myfoxny.com/story/23506053/blackberry-sold-to-holding-company-for-47b

Delta-Virgin Atlantic joint venture approved

ATLANTA (AP) –

Delta Air Lines Inc. said it can begin its joint venture with Virgin Atlantic now that they have antitrust immunity from the U.S. Transportation Department.

The antitrust immunity announced on Monday means Delta and Virgin Atlantic can work together on scheduling flights, and share the profits.

The airlines plan to have a combined 32 round-trip flights per day, including 24 that leave from London’s Heathrow airport.

For Delta, the deal is a way to beef up its offerings between the New York area and London. It’s also likely to get more connecting travelers from Virgin Atlantic.

For Virgin Atlantic, the deal is a way to get more of Delta’s customers who are headed to London.

Article source: http://www.myfoxny.com/story/23506347/delta-virgin-atlantic-joint-venture-approved

Gmail delays

MYFOXNY.COM –

Google Inc. is working to restore Gmail service to users after reports of delays in sending and receiving email.

Gmail service has already been restored for some users, and we expect a resolution for all users in the near future. Please note this time frame is an estimate and may change,” Google posted in an apps status update at 7 p.m. “Gmail message delivery delays and attachment download issues have been corrected for most affected users. A majority of the delivery backlog has also been cleared. We hope to clear the backlog completely in the very near future.

Earlier, the company noted that the problems were affecting “less than 50% of Gmail users.”

As with any technical problems, users took to social media to vent frustration about the delays.

“I’m loving today’s gmail delays (really). They should let you opt in to a “permanent delay” function,” Arianna Huffington Tweeted Monday afternoon.

Article source: http://www.myfoxny.com/story/23506120/gmail-problems-and-delays

SEC civil charges against 10 former NY brokers

ALBANY, N.Y. (AP) – The Securities and Exchange Commission has brought civil charges against 10 former brokers at a now defunct Albany-based securities firm whose owners were sentenced to federal prison.

The SEC, which in 2010 froze the assets of McGinn, Smith Co., says the brokers misrepresented troubled investments they sold to customers.

The agency says about 750 investors were victimized, leading to $80 million in losses.

The SEC says its civil case continues against the firm as well as the owners.

In August, 65-year-old Timothy McGinn of Clifton Park was sentenced to 15 years and 68-year-old David Smith of Saratoga Springs got 10 years on fraud convictions. A federal judge ordered them to pay $5.7 million in restitution and costs.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Article source: http://www.myfoxny.com/story/23511597/sec-civil-charges-against-10-former-ny-brokers