Bebo Founders and Shareholders Sue New Owner

Bebo’s co-founders Michael and Xochi Birch and other investors are suing its new owners and seeking $5 million in damages Exchange Server Key, paidContent reports. The group was persuaded to put more money into Bebo after Criterion Capital Partners bought the social network from AOL in 2010. The investors allege that Criterion has mismanaged the site and withheld information from them.

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Blind activist scaled wall in great escape from Ch

HONG KONG/BEIJING (Reuters) – Inside a dilapidated house in China’s rural Shandong province, Chen Guangcheng feigned illness, lying on his bed for extended periods so that his guards would be lulled into complacency, activists said. Then he made his move replica watches, scaled a wall and slipped out to freedom.

It was a disciplined deception that allowed the blind Chinese activist to outwit his guards in an escape from house arrest that now threatens diplomatic ties between China and the United States, human rights campaigners involved in the getaway said.

He had earlier considered burrowing his way out but gave up on the idea. When he was left unattended for a short period on April 21, the lanky Chen slipped out of the house in darkness and scaled the two-meter (yard) wall.

“He did try to dig a tunnel but he scratched that plan replica watches,” said Bob Fu, the president of Texas-based religious and human rights group, ChinaAid. “The successful plan happened when he was able to pretend he was lying on his bed.”

Fu said omnipresent guards at the house failed to discover Chen’s escape until Thursday, five days after his escape.

Beijing dissident Hu Jia said on Saturday that Chen had also remained indoors for long periods so the people watching him became accustomed to not seeing him for a few days.

Hu was detained by police but released after a day, though at least one other activist who is part of Chen’s network of activist supporters remains missing, presumed detained.

Chen’s wife, child and mother remained behind in Shandong, and are out of contact.

Dissidents and rights groups say Chen, who has campaigned against forced abortions and sterilization of women under China’s birth control policies, is now under U.S. protection in Beijing after fellow activists helped him evade recapture and travel more than 500 km (300 miles) to the capital last week.

A foreign diplomat said on Sunday he was at the U.S. Embassy, but did not elaborate.

“After he arrived, I met him and we hugged and called each other brothers,” Hu told Reuters on Sunday after being released by police. “We chatted for an hour and then decided Guangcheng should go to the safest place in China, which is the U.S. Embassy.”

Hu said he did not go to the embassy, and does not know exactly what happened when Chen got there, though he said there was diplomatic assistance.

“Guangcheng does not want asylum, but he wants Premier Wen to probe the persecution of him and his family over the past seven years,” Hu added.

‘I HAVE ESCAPED’

“Dear Premier Wen, I have finally escaped,” Chen announced in a videotaped message from an undisclosed location to China’s second ranked leader, Premier Wen Jiabao, released on Friday.

In his video message, Chen said that he had been under continual surveillance at his home and in the surrounding streets.

“As far as I can tell, given that I can’t see, there were about 90 to 100 police, Party and government officials,” he said.

The United States and China have declined to comment on the activist’s whereabouts but his escape appears set to overshadow a high-level diplomatic meeting between the two sides this week.

U.S. Secretary of State Hillary Clinton will attend the two-day talks in Beijing from Thursday.

Hong Kong television news broadcast footage on Saturday of the home in Dongshigu village where Chen was held for 19 months. It shows a drab, run-down dwelling with corn cobs clustered under the eaves and an untidy courtyard.

The yard appeared enclosed with a high wall, a feature of homes typical of the rural areas of northern China. Outside the Chen home is a dusty, quiet village of one-story brick and concrete houses surrounded by farmland.

Chen was jailed for four years in August 2006 after a Shandong court found him guilty of damaging public property, organizing a mob to disrupt traffic and pressuring the government, charges that critics said had been concocted to punish him for his exposure of late-term abortions in his hometown.

Chen, who was under house arrest after his release from prison in September 2010, managed to climb the wall without assistance, according to fellow activists and human rights groups.

However, he injured his foot jumping to the ground the other side.

“He hurt himself physically during the escape,” said ChinaAid’s Fu, citing information from the activists who helped Chen escape. “He has marks all over him.”

Fu added that Chen was determined to escape and had managed to cross a river in his getaway before meeting friends who had driven him in a car to Beijing.

CHEN’S DRIVER DETAINED

Some activists in China closely associated with the escape have kept details close.

In an interview on Friday replica watches, Chen’s long-time friend and fellow activist He Peirong refused to provide a detailed account of his breakout.

“I can’t give you the details,” she said. “Too many people would get hurt.”

She did confirm that she had helped Chen once he was free.

“On escaping the village, he contacted me and I picked him up,” she said. “He knew my number. We had talked by telephone last July.”

He Peirong was one of the people who took turns driving up to Beijing, activist Hu said, a three-day trip undertaken to avoid having to take public transport which could have attracted attention.

She was detained on Friday, Fu added.

Once Chen arrived in Beijing, he kept moving to stay ahead of the authorities, activists said.

“We did a lot of assessing the situation and frequently moved his hiding place in Beijing,” said Hu.

In 2007, while Chen was in jail, his wife, Yuan Weijing, also escaped authorities in Linyi where she was under police surveillance and made her way to Beijing to campaign for her husband’s release.

In an interview at the time with Reuters, Yuan said she had climbed three walls to evade the watchers before making the 10-hour bus trip to the capital. Activists now worry about her safety and say she is under house arrest. Phone calls to Yuan’s number ring off a recording: “This is an empty number.”

This time, Chen is in Beijing, and his wife, their son and his mother remain in Shandong, inside the security cordon and out of touch.

“There is no up-to-date news about his wife and child. They are still under house arrest. We’re very worried,” said Hu’s wife and fellow activist, Zeng Jinyan.

“We want not only the United States, but the whole world, to work as hard as possible to help Chen Guangcheng, to guarantee his safety. We have already gone down all the legal avenues possible in China, but he and his family are still being unjustly treated, cruelly treated. His wife was so horribly beaten, and none of the attackers has been held to account.”

(Additional reporting by Tan Ee Lyn in Hong Kong, Benjamin Kang Lim, Terril Yue Jones and Maxim Duncan in Beijing, Editing by Brian Rhoads and Nick Macfie)

World China

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AfterEllen.com’s Best Lesbian Week Ever May 5-11

AfterEllen.com is Logo’s site for lesbians and bisexual women in entertainment and media, which means we pride ourselves on knowing all kinds of Sapphic pop-culture facts. Each week we’ll share some of the best tidbits on The Huffington Post in our new series, “Best Lesbian Week Ever.”

Here’s who and what was on our raging gay radar this week.

Celesbian reactions to Obama: President Obama made history this week when he told ABC News reporter Robin Roberts that “same-sex marriage should be legal.” The news inspired many famous lesbian and bisexual women to express their joy and gratitude on Twitter:

Wooooooo! @BarackObama

— Evan Rachel Wood (@evanrachelwood) May 9, 2012

Pretty darn happy today. Thanks Mr President, for supporting the dignity of my family and so many others!

— Jane Lynch (@janemarielynch) May 9, 2012

When I was 17 and came out Stealth Tattoo Machine, I didn’t even know I was supposed to hope for this day.@BarackObama, you saved lives today.#marriageequality

— Hilary Rosen (@hilaryr) May 9, 2012

Thanks Obama for giving me permission to make out with Michelle. This day rocks!

— Erin Foley (@erinfoleycomic) May 9, 2012

And Ellen DeGeneres took a moment on her daily talk show to thank Obama for his words:

Beth Ditto is getting hitched in 2013: In an interview with The Guardian, the Gossip singer revealed that she’s planning to marry girlfriend Kristin Ogata next April. Ditto said, “I was born to be married. I just feel comfortable there. I love the idea of being partnered forever. I love my girlfriend, we’ve been best friends since I was 18. There’s not a thing we haven’t been through except for marriage… We’ve had talks about what we would name our kids since we were in our 20s.”

Photo by Dave M. Benett/Getty

Linda Perry visits her girlfriend on The Talk: Music industry icon Linda Perry made an appearance on girlfriend Sara Gilbert’s show The Talk and performed the songs “Beautiful” and “Letter to God.” Perry also promoted the upcoming L.A. Gay & Lesbian Center’s "An Evening With Women." The event, co-chaired by Perry and featuring appearances by Courtney Love, Wanda Sykes Tattoo Kits For Sale, Kat Von D, and DJ Samantha Ronson (spinning at the after-party), takes place May 19 in Beverly Hills and will benefit the center’s vital programs and services for women and girls. 

Cat Cora’s Around the World in 80 Plates debuts on Bravo: The out chef stopped by Watch What Happens Live to promote her new adventure cooking program and told host Andy Cohen which Real Housewife she’d most want as her sous chef:

Brittana go to prom together: Gleeks everywhere celebrated the fact that Santana (Naya Rivera) and Brittany (Heather Morris) officially attended the prom together in this week’s "Prom-asaurus" episode of Glee.

Photo courtesy of Fox

She tried out for The Real L Word and didn’t even get a lousy tank top: With lesbians everywhere counting down the days until the July 12 premiere of the third season of Showtime’s The Real L Word Buy Tattoo Kits, New York-based writer and photographer Grace Chu dished about her own experience with auditioning for the show. She suspects that being gainfully employed might have worked against her. That and the whole not wanting to have sex on-camera thing.

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Don’t move no confidence in Slipper MP

A key independent MP has warned a no-confidence motion against Peter Slipper could see him off as parliament's Speaker.

Mr Slipper has stood aside while federal police investigate claims he misused Cabcharges.

He also is facing a civil action by staffer James Ashby who has accused him of sexual harassment.

Mr Slipper is planning to resume the Speaker's chair when parliament resumes on Tuesday, but only to make a brief statement before handing over to his deputy Anna Burke.

The coalition has yet to say whether it will move a vote of no confidence in Mr Slipper.

Independent MP Rob Oakeshott is warning the coalition against going down that road.

“If they do, the future of Peter Slipper, as Speaker Cheap Tattoo Guns, is in jeopardy, regardless of what he has done Tattoo Kits,” he told ABC radio on Monday.

“There are high stakes if they choose to do that … if they do it Tattoo Machine Equipment, we're all but seeing the end of Peter Slipper as Speaker.”

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Ally Financial’s mortgage unit nears bankruptcy s

NEW YORK, May 13, 2012 (Reuters) — Ally Financial Inc’s Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.

The board of ResCap is scheduled to meet later on Sunday and a pre-arranged bankruptcy filing, where Ally has the support of some creditors to its plan but not all, is expected to follow soon after, the sources said.

Under the plan, Fortress Investment Group is expected to make an opening bid of more than $2 billion, including debt, to buy certain ResCap assets, while Ally would buy the rest, in a bid to turn all ResCap assets into cash, a source said.

Barclays Plc on its own is arranging a $1.45 billion debtor-in-possession financing for operations during the bankruptcy, sources have said. A big chunk of that facility is expected to be sold to investors by the time it is announced, a source said.

Ally spokeswoman Gina Proia and Fortress spokesman Gordon Runte declined to comment. Barclays was not immediately available for a comment on Sunday, but had earlier declined to comment on the DIP loan.

Ally Discount White Herve leger, the former lending arm of General Motors Corp , has been besieged in the past few years by losses in its Residential Capital mortgage unit, which was once a major subprime lender and profit engine.

A bankruptcy of ResCap would clear the path for Ally, formerly known as GMAC, to focus on its main auto lending business and to put together a plan to pay back U.S. taxpayers. The U.S. Treasury injected $17 billion into the lender during the financial crisis and now owns nearly 74 percent of the company. Ally owes the government about $12 billion, counting dividend payments by the lender and sale of some securities by the Treasury.

The filling would come as pressure increases on Ally to repay that money and problems at ResCap become increasingly unmanageable, sources have said. The Obama administration is trying to show recoveries from crisis-era bailouts before the presidential election in November, and government officials are loath to let Ally become a black mark on the auto industry restructuring.

In filing for bankruptcy, ResCap would also become a rare example of a subsidiary of a bank holding company to do so. As a result, other banks with intractable mortgage problems, such as Bank of America Corp , would be closely watching how the company deals with regulators and creditors and manages the bankruptcy process.

Ally is the fifth-largest mortgage servicer in the United States and the country’s 10th largest originator of home loans, according to the latest data from Inside Mortgage Finance. All of Ally’s mortgage servicing — the collecting of payments and the handling of defaults — falls under GMAC Mortgage, which is a subsidiary of ResCap.

DETAILS IN THE FILING

Last week, sources said Ally had reached general agreement with ResCap bondholders to speed up the bankruptcy process and make it less contentious.

The company had been negotiating with bondholders who hold more than 45 percent of junior secured notes at ResCap. Billionaire Warren Buffett’s Berkshire Hathaway holds another 45 percent of the junior secured notes and holds a significant portion of ResCap’s unsecured notes that mature in May, sources have said previously.

ResCap’s bankruptcy could still be litigious. The company faces more than 20 lawsuits from individual states related to mortgage-backed securities and at least one other suit from regulators. In addition Replica Marc Jacobs Dresses, there is also the possibility that ResCap creditors may file a fraudulent conveyance lawsuit about an asset that was transferred from ResCap to Ally. Another potential legal tussle could emerge if creditors decide to reach beyond ResCap to Ally Financial for assets.

Ally has said a ResCap bankruptcy filing could lead to significant charges and lawsuits. It has said it estimates that losses at the time of a filing could range from $400 million to $1.25 billion.

A key issue for Ally in a ResCap bankruptcy will be whether the mortgage unit is considered to be a separate entity, protecting the parent from its subsidiary’s liabilities. Management is confident that ResCap is considered distinct because it has its own board with independent members and uses its own advisers for transactions with its parent, a person close to the company has said.

Tom Marano, a former Cerberus Capital Management and Bear Stearns & Co executive, has served as chairman and CEO of ResCap since 2008. ResCap has a seven-member board, including four independent directors.

The unit still faces unknown claims related to mortgage-backed securities sold to investors. In a filing in April, Ally said ResCap could face liabilities of up to $4 billion, which the mortgage unit would have limited ability to pay.

Ally has tried to get rid of ResCap several times over the last few years.

In 2009, for example, the company debated bankruptcy but then-CEO Alvaro de Molina deemed the move too risky. Current CEO Michael Carpenter, a former Citigroup Inc executive who replaced de Molina in November 2009, tried to sell ResCap in 2010, but bidders wanted Ally to retain the mortgage unit’s liabilities.

In the meantime, problems for the mortgage industry have mounted. In autumn 2010, Ally became the first lender to report problems with its handling of foreclosure documents, leading to a $25 billion settlement this year with Ally and four other lenders over so-called robo-signing. Lawsuits over mortgage-backed securities have also piled up.

Ally does not have publicly traded shares, but has stockholders. Besides the U.S. Treasury, a trust for GM holds 9.9 percent and Cerberus owns 8.7 percent.

Cerberus led a consortium that took a majority stake in GMAC in 2006, but its investment was winnowed by the government bailouts.

(Reporting By Rick Rothacker, Soyoung Kim and Paritosh Bansal; additional reporting by Caroline Humer; Editing by Maureen Bavdek)

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Top Gear flogs the Aston Martin DBS

Top Gear has laid hands on the new hotness that is the Aston Martin DBS, and after watching Jeremy Clarkson take us on an eight-minute tour of the car and what it can do, we desperately want to win the lottery. In his review, he literally places it head-to-head against the DB9 (prettier and less costly) and the Vanquish S (faster in a drag race), and for a time, you almost think he’s disappointed in James Bond’s latest company car. But as the segment concludes Tattoo Supplies, he has an epiphany of sorts, explaining that its the best car he’s driven this year and detailing what makes it special. Then the Stig takes the wheel and does his thing. What’s the final verdict? Where does it rank against the other exotica that’s lapped the Top Gear test course? We won’t give it away Tattoo Supplies, other than to say that it keeps some pretty heady company on that ranking board. Follow the jump and check out the video for yourselves.

[Source: YouTube]

Related Gallery2008 Aston Martin DBS

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Audi pushing the new A1 at Wörthersee Tour 2010

Audi A1 low-rider – Click above for high-res image gallery
Replica Herve Leger gown
The Audi R8 GT may be making its first official public appearance at the Wörthersee Tour 2010 this week Cheap Herve Leger gown, but the big push for Audi is unarguably the new A1. Of the 19 cars that Audi is showing Replica Marc Jacobs Dresses, nine are the new A1 mini-car. Seven of those have been customized with special wraps and interior treatments running the gamut from an Austrian police car to an airport guide vehicle.

Of special note is the white-walled Buy Emilio Pucci Dresses, flame-sprouting low-rider riding on black steelies. With this display Replica Hale Bob Dresses, it’s clear that Audi wants to go after the same audience that has been applying personalized finishes to modern Minis for the past decade. To help that effort Herve Leger gown sale, Audi will be offering a variety of “competition kits” of interior and exterior bits that will be available when the A1 goes on sale later this year.

Take a look at the customs in our high-res image gallery below. Have a favorite?

Related GalleryWörthersee Tour 2010: Audi A1 customs
[Source: Audi]

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BREAKINGFord officially sells Volvo to Geely for $

2011 Volvo S60 – Click above for high-res image gallery

After months of protracted negotiations, Ford has officially sold Volvo to Zhejiang Geely Holding Group Company Limited – aka Geely – for $1.8 billion.

The Chinese automaker originally included a $200 million note and the balance in cash Discount Chloe Dresses, and today Herve Leger sale, it paid the remaining $1.3 billion to wrap up the sale Cheap Hale Bob Dresses, although the final sale price won’t be released until later this year and could put more cash in the pockets of FoMoCo.

Under the terms of the sale Replica Christian Audigier Clothes, Ford will continue to supply Volvo with everything from powertrains to stamping systems and other vehicle components for differing periods of time. Additionally, Ford and Geely have come to an agreement on intellectual property usage Buy Christian Audigier Clothes, with Volvo allowed to grant sub-licenses to specific systems to third parties, including Geely.

Stefan Jacoby – formerly of Volkswagen – will take the helm as the new President and Chief Executive of Volvo Cars, and under the new ownership, the automaker will continue to keep it headquarters and manufacturing centers in Sweden and Belgium.

Full details in the dueling press releases after the jump.

Related Gallery2011 Volvo S60
[Source: Ford Buy Emilio Pucci Dresses, Geely]

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Volvo to BMW rumor pops up yet again

Another day Discount Herve leger strapless, another rumor of the sale of Volvo’s automobile operations. Of course Cheap BCBG Dresses, Ford is the current owner of the Swedish maker of shapely bricks Discount Christian Audigier Clothes, and the Blue Oval could definitely use the money as it tries to regains its shaky footing in its home market. A sale of Volvo has been spoken of for the last few years Discount Emilio Pucci Dresses, and industry talk has seemed to pick up steam as Ford unloaded the other automakers that used to make up its now defunct Premium Auto Group. BMW has been mentioned as a possible suitor for Volvo in the past and its name has popped up yet again. At some point Buy Emilio Pucci Dresses, we have to wonder if there’s some truth to these rumors, despite the fact the both automakers have continued to deny the possible sale. Still, it wouldn’t seem to be the ideal fit Buy Emilio Pucci Dresses, as Volvo’s reputation of building safe but somewhat dowdy vehicles clashes with BMW’s sporty intentions.

[Source: Times Online]

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Spy Shots2012 Chevrolet Malibu prototype gives us

Fake Corum Watches
General Motors is finishing up the development of the 2012 Chevrolet Malibu (to be marketed as Epica in other markets) Fake Raymond Weil Watches for sale, and this almost-done prototype gives us a very good glimpse as to what’s in store for the all-new ‘Bu.

The Malibu will ride on the shortened version of GM’s Epsilon II platform – the architecture that underpins both the Buick Regal and LaCrosse – though our spies note that the new car seems to be a bit longer and wider than the model currently on sale. Chevy’s signature Bowtie grille is nicely incorporated into a decidedly LaCrosse-inspired front end Discount Replica MB&F Watches, but we aren’t quite sure how we feel about the Camaro-like taillamps and longer rear deck. Still How to buy Replica Franck Muller Watches, we’ll wait until the camouflage is stripped away before making final judgments.

Following Korea’s lead with the Hyundai Sonata Replica Rolex Watches for Cheap, GM is expected to only offer four-cylinder powertrains in the 2012 Malibu, so look for both a naturally aspirated 2.4-liter and turbocharged 2.0-liter engine to be on tap. Additionally, a hybrid configuration is reportedly in the works Richard Mille Replica Watches, as is all-wheel drive.

Production is scheduled to kick off at the end of this year, so we’re betting that the Malibu will officially debut at the New York Auto Show next month. Click through our high-res image gallery below to see the latest set of spy shots for yourself.

Related Gallery2012 Chevrolet Malibu: Spy Shots
[Source: CarPix]

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