New York Times Co. expects the planned closure of its New York-area distribution operations in January 2009 to cost $48 million to $53 million, according to an amended Securities and Exchange Commission filing on Tuesday. 
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Selected and fresh photos from around the web.
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Editor's pick
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BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.
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Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.
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A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.
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BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.
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Hot off the wire
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Visitors are sen at a Honda showroom in Tokyo, Japan, Friday, Dec. 5, 2008. Honda will pull out of Formula One unless a new buyer can be found within three months, The Associated Press has learned. The Japanese car manufacturer has the operating budget to keep the team running into early 2009, but escalating operational costs amid the worldwide financial crisis have the Brackley-based outfit in danger of shutting down if a new sponsor is not found quickly. Takeo Fukui, CEO of Honda Motors, was due to hold a news conference regarding the F1 team in Tokyo Friday, Dec. 5, 2008.
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Wen Hua, who survived the Sichuan earthquake, holds a toy in her temporary home in Anxian county, Sichuan province December 4, 2008. Schools that collapsed during the earthquake killed more than 19,000 people, nearly a quarter of the total deaths, an official said, giving the first government estimate. Picture taken December 4, 2008.
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Members of a choir sing during a ceremony for Thailand's King Bhumibol Adulyadej's 81st birthday at Sanam Luang square in Bangkok on December 5, 2008. The revered monarch turned 81 on December 5, 2008 but pulled out of his customary birthday address the previous day due to illness, ending hopes that he might offer guidance on a way out of the nation's long-running political crisis.
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Recently starred
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A memorial tribute to shoe mogul Thomas Bata is shown at the Bata Shoe Museum in Toronto September 3, 2008. Bata died earlier this week at the age of 93.
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A visitor takes a close look at a photo by French photographer Bettina Rheims during the inauguration of her exhibition "Can You Find Happiness?" on March 7, 2008 at the c/o-Gallery in Berlin. The exhibition runs from March 8 to May 11, 2008.
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Forty-five euro coins, worth 500 Slovak Crowns or 16,60 euros, are seen in Bratislava where Slovakian banks and post offices started selling them on December 1,2008 before Slovakia joins the euro zone on January 1, 2009.
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People walk behind the European Union's flag during the annual gay parade in Budapest July 5, 2008. Several hundreds of demonstrators clashed with the police in the center of Hungarian capital as police tried to separate them from the participants of the Gay Pride march.
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Quotes about Securities and Exchange Commission
confirmed that Deloitte LLP notified the Hoffman Estates-based retailer about improper trading of the retailer’s securities by a 'former advisory partner.' In its regulatory filing with the U.S. Securities and Exchange Commission, Sears Holdings didn’t disclose the name of the 'former advisory partner' but stated that he allegedly traded Sears’ shares in 2006 and 2008.
was said
in Chicagoist
Last month, DryShips said in a filing with the U.S. Securities and Exchange Commission that it planned to sell as many as 25.0 million new shares, a move that could significantly dilute existing shareholders. It also warned it may breach its loan covenants if the current low charter rates in the dry bulk market continue.
was said
in CNBC
The federal charges come as the Securities and Exchange Commission is suing Langford, William Blount and Al LaPierre. The SEC filed the lawsuit against Langford, Blount and LaPierre on April 30th for more than $150,000 in payments Langford received while serving on the Jefferson County Commission.
was said
in Lalate News
Quotes from articles mentioning Securities and Exchange Commission
I am disappointed that the (SEC) chose to bring this case based upon its enforcement staff’s win-at-any-cost ambitions. The staff’s process was result-oriented, facts be damned. The government’s claims are false and they will be proven to be so.
was said
in China Post
Mr. Cuban intends to contest the allegations and to demonstrate that the (SEC’s) claims are infected by the misconduct of the staff of its enforcement division
was said
in China Post
It is fundamentally unfair for someone to use access to nonpublic information to improperly gain an edge on the market
was said
in China Post
There are circumstances in which short selling can be used as a tool to mislead the market. For example, short selling can be used in a downward manipulation whereby a manipulator sells the shares of a company short and then spreads lies about a company's negative prospects
was said
in CNN/Money
