Friday, July 26, 2013

Facebook earnings top Wall Street estimates - Thu, 25 Jul 2013 PST

July 25, 2013 in Business
Posts higher revenue from?ads

Dan Nakaso And Brandon Bailey

Facebook beat Wall Street expectations on Wednesday with second-quarter earnings that saw the world?s largest social network increase its mobile advertising revenue to represent 41 percent of all ad?sales.

In the first quarter of this year, mobile ad revenue made up only 30 percent of Facebook?s ad revenue as the company continued to expand its mobile advertising business, amid signs that more people are using Facebook on smartphones and tablets than on desktop or laptop?computers.

Wall Street analysts were expecting Facebook on Wednesday to report earnings of 9 cents a share, or 14 cents a share??


You have viewed 20 free articles or blogs allowed within a 30-day period. FREE registration is now required for uninterrupted access.

Registration Required

  • log in to your Spokesman.com account for unlimited viewing and commenting access.
  • Don't have a Spokesman.com account? Create a Spokesman.com profile and register for FREE access.
  • S-R Media, The Spokesman-Review and Spokesman.com are happy to assist you. Contact Customer Service by email or call 800-338-8801

Facebook beat Wall Street expectations on Wednesday with second-quarter earnings that saw the world?s largest social network increase its mobile advertising revenue to represent 41 percent of all ad?sales.

In the first quarter of this year, mobile ad revenue made up only 30 percent of Facebook?s ad revenue as the company continued to expand its mobile advertising business, amid signs that more people are using Facebook on smartphones and tablets than on desktop or laptop?computers.

Wall Street analysts were expecting Facebook on Wednesday to report earnings of 9 cents a share, or 14 cents a share after adjusting for one-time charges, on revenue of $1.62 billion, according to Thomson?Reuters.

Instead, Facebook reported earnings of 13 cents a share, or 19 cents a share after adjusting for one-time charges, on revenue of $1.81 billion. A year ago, Facebook saw revenue of $1.18?billion.

Facebook has also partnered with other companies on programs that deliver ads to individual users based on past purchases in retail stores, or to users who have also visited outside websites that may indicate they?re interested in particular?products.

?Based on our discussions with the advertising community, we believe these campaigns are exceeding advertisers? initial expectations,? UBS analyst Eric Sheridan wrote in a note to investors last?week.

Baird Research analyst Colin Sebastian agreed. After surveying Internet retailers and other e-commerce companies that advertise on the social network, he reported earlier this month that the companies ?are seeing improved performance on the site? and are increasing their budgets for advertising on?Facebook.

Source: http://www.spokesman.com/stories/2013/jul/25/facebook-earnings-top-wall-street-estimates/

Stacy Dash Amber Tamblyn Lilit Avagyan Nashville TV Show VP debate sandusky Sam Champion

Tuesday, July 16, 2013

NFL free agency: Ryan Clady holds biggest contract, expectations among tackles

The Denver Broncos paid up to keep Ryan Clady protecting Peyton Manning. How does his deal look compared to those signed by other teams for elite offensive tackles?

It was a good offseason for offensive tackles, as the league continues to reward the big guys responsible for ensuring quarterbacks stay healthy. The thirst for tackles extended to the draft too. The first two names off the board selected at the 2013 NFL Draft were offensive tackles, as were three of the first four.

And that summer got better with a big deal for Ryan Clady on Sunday. The Broncos paid up to make sure Peyton Manning stays safe, immediately launching Clady to the top of the board for tackles. His was the biggest deal in a lucrative offseason for tackles, with the Giants and Colts ponying up to retain Will Beatty and Gosder Cherilus, and the Rams and Bears going out and getting Jake Long and Jermon Bushrod.

Here's a rundown of the biggest deals handed out to offensive tackles, to see how each team's deal stacks up against the one Denver gave to Clady, as well as why teams made their moves, and what they're expecting from their investments.

Ryan Clady, Denver Broncos

Five years, $57.5 million, $33 million guaranteed
Clady was the clear winner this offseason among offensive tackles. His deal comes out the to more than $10 million per season, with a hefty $33 million guaranteed. Clady earned it by keeping Peyton Manning clean last season. Manning was sacked just 21 times despite 583 pass attempts, giving him a better sack/attempt ratio than any other qualifying quarterback outside of brother Eli Manning.

Jake Long, St. Louis Rams

Four years, $34 million, $20 million guaranteed
Jake Long, a former No. 1 overall pick, could have topped this list if it was written this time last year. Unfortunately for him, his effectiveness has declined that last two seasons, both of which have ended on injured reserve. It is hard to argue with $8.5 million per season, however. Clearly, the Rams believe that Long can return to All-Pro form and be a massive asset to Sam Bradford.

William Beatty, New York Giants

Five years, $37.5 million, $19 million guaranteed
Eli Manning was sacked just 19 times in 536 pass attempts last season, thanks in large part to Beatty. He will be paid handsomely as a result, though not quite in Clady's stratosphere. Beatty is just 28 years old at the end of his rookie contract. If not for 14 missed regular season game over the course of 2010 and 2011, he could have garnered an even better deal.

Jermon Bushrod, Chicago Bears

Five years, $35.965 million, $16.715 million guaranteed
Bushrod was signed away from the cap-strapped New Orleans Saints to help a Bears offensive line in desperate need of help. The team will replace four starters from a unit that gave up 44 sacks last season, more than all but seven team in the league. Bushrod has a chance to make an immediate impact, and could make his third straight Pro Bowl if the Bears shown any signs of improvement.

Gosder Cherilus, Indianapolis Colts

Five years, $34.5 million, $15.5 million guaranteed
Cherilus graded out as the second best right tackle in the NFL last season, according to Pro Football Focus. He should be significant upgrade to an offensive line that couldn't really protect Andrew Luck or provide much of push for the running game. Also a bonus for the Colts: Cherilus has started 71 of a possible 75 games in his five-year career, according to Stampede Blue.

Sam Baker, Atlanta Falcons

Six years, $40.85 million, $14.25 million guaranteed
Baker finally turned the corner in 2012. A first-round draft pick in 2008 out of USC, Baker had to miss time due to three back surgeries, and sometimes played ineffectively when healthy, losing his starting spot during the 2011 season to Will Svitek in 2011. But this past year, Baker was healthy and played like a franchise tackle, with Atlanta only allowing 28 sacks -- seventh fewest in the league.

Phil Loadholt, Minnesota Vikings

Four years, $25 million, $7 million guaranteed
Blocking for Adrian Peterson is kind of important, and the Vikings realized that. With left tackle Matt Kalil signed through 2016 last offseason, the Vikes backed up the Brinks truck (to use the phrase The Daily Norseman used) by making Loadholt the third-highest-paid right tackle in the NFL. Loadholt's been remarkably consistent for Minnesota, starting at right tackle in 66 of the 67 regular season and postseason games the team has played since drafting him in the second round in 2009.

Andre Smith,Cincinnati Bengals

Three years, $18.1 million, $5 million guaranteed
The sixth overall pick in 2009, Smith's time in Cincinnati has been rocky, and so was his negotiation. He never really showed out in his first two years, but finally won the starting right tackle job in 2011. And in 2012 -- his contract year -- he was a revelation, with Pro Football Focus grading him as the top right tackle in the league. But the Bengals were left wondering whether a player with a history of weight and motivational issues was worth the money, leading to negotiations that was prolonged and kinda ugly, as Cincy Jungle wrote. But Smith is back, and has a chance to continue on his work from last year and prove why he was so highly touted out of Alabama.

Sebastian Vollmer, New England Patriots

Four years, $16.75 million, $8.25 million guaranteed
By paying Vollmer a pretty reasonable amount, the Pats continue their trend of being loyal to their linemen. They'll bring back all five of their starting offensive linemen in 2013 from a unit that allowed the sixth-fewest sacks in the league despite attempting the fourth-most passes.Vollmer had arthroscopic knee surgery in the offseason, but he's expected to be good to go, and the savvy and elite Patriots continue their habit of being savvy and elite.

Source: http://www.sbnation.com/nfl/2013/7/15/4524884/ryan-clady-nfl-offensive-linemen-contracts

Iron Man 3 Trailer Super Bowl 2013 Ray Rice sodastream dan marino godaddy did the groundhog see his shadow

2010 Ford Galaxy 2.0 TDCi Zetec 5dr - 13520

Model and Spec Data for the: Ford Galaxy Diesel Estate 2.0 Tdci Zetec 5Dr

Doors: 5 Drive Train: Front Wheel Drive
Fuel Delivery: Turbo Fuel Type: Diesel
Transmission: Manual Vehicle Sector: MPV Large

Emissions

CO 0.242 CO2 (g/km) 159
CO2 (g/km) 165 CO2 (g/km) 172
HC+NOx 0.324 Noise Level dB(A) 71
NOx 0.291 Particles 0.036
Standard Euro Emissions EURO 4

Engine and Drive Train

Camshaft DOHC Catalytic Convertor True
CC 1997 Cylinder Layout IN-LINE
Cylinders 4 Engine Layout FRONT TRANSVERSE
Fuel Delivery COMMON RAIL Gears 6 SPEED
Number of Valves 16 Transmission MANUAL

Fuel Consumption

EC Combined (mpg) 43.5 EC Combined (mpg) 45.6
EC Combined (mpg) 47.1 EC Directive 1999/100/EC Applies True
EC Extra Urban (mpg) 51.4 EC Extra Urban (mpg) 54.3
EC Extra Urban (mpg) 56.5 EC Urban (mpg) 34.5
EC Urban (mpg) 35.3 EC Urban (mpg) 36.7

General

Badge Engine CC 2.0 Badge Power 140
Coin Description TDCi Coin Series ZETEC
Insurance Group 1 11 Insurance Group 1 - 50 Effective January 07 21E
Insurance Group 2 E Man Corrosion Perforation Guarantee - Years 6
Manufacturers Paintwork Guarantee - Years 1 NCAP Front/Side Impact - Discontinued February 09 5
NCAP Pedestrian - Discontinued February 09 2 Safety Concerns? False
Service Interval Frequency - Months 12 Service Interval Mileage 12500
Special Edition False Special Order False
Standard manufacturers warranty - Mileage 60000 Standard manufacturers warranty - Years 3
Timing Belt Interval Frequency - Months 120 Timing Belt Interval Mileage 125000
Vehicle Homologation Class M1

Performance

0 to 60 mph (secs) True 0 to 62 mph (secs) 9.9
Engine Power - BHP 140 Engine Power - KW 103
Engine Power - PS True Engine Power - RPM 4000
Engine Torque - LBS.FT 251 Engine Torque - MKG 34.7
Engine Torque - NM 340 Engine Torque - RPM 2000
Top Speed 120

Tyres

Alloys? True Space Saver? False
Tyre Size Front 215/60 R16 Tyre Size Rear 215/60 R16
Tyre Size Spare TYRE REPAIR KIT Wheel Style 5 SPOKE
Wheel Type 16" ALLOY

Vehicle Dimensions

Height 1691 Height (including roof rails) 1736
Length 4820 Wheelbase 2850
Width 1884 Width (including mirrors) 2154

Weight and Capacities

Fuel Tank Capacity (Litres) 70 Gross Vehicle Weight 2505
Luggage Capacity (Seats Down) 2325 Luggage Capacity (Seats Up) 308
No. of Seats 7 Turning Circle - Kerb to Kerb 11.9

Body Glass

Electric front and rear windows + one touch + global open/closing Front variable intermittent wipers with electric wash
Heated rear window Opening rear quarter windows
'Quickclear' heated windscreen/heated washer jets Side window demisters
Tailgate wiper - intermittent with electric wash

Brakes

Anti-lock brake system Electronic brake force distribution
Electronic stability programme with traction control + emergency brake assist

Communication

Advanced hands free Bluetooth phone kit

Driver Aids

Front and rear park assist Hydraulic PAS

Driver Convenience

Electric tailgate release

Driver Information

Airbag check/warning light Digital clock
Door ajar warning lamp Glow plugs warning
Lights on warning Oil pressure warning light
Outside temperature display Trip computer

Driving Mirrors

Body colour door mirrors Electric heated + adjustable door mirrors

Entertainment

Steering wheel audio controls

Exterior Body Features

Body colour bodyside mouldings Body colour bumpers
Body colour door handles Chrome plated radiator grille
Integral roof carrier

Exterior Lights

Front fog lights Headlamps with delay
Headlight levelling control

Heating/Cooling/Ventilation

Air recirculation system Dual electronic automatic temperature control
Pollen filter

Interior Features

2 tie hooks for luggage nets Accessory socket/cigar lighter
Centre console with cupholders Chrome finish to interior door handles
Folding grab handles with rear coat hooks Front seat armrests
Leather gear knob Leather trimmed steering wheel
Reach + rake adjustable steering column Rear cupholders
Storage trays

Interior Lights

Courtesy light in luggage compartment Courtesy lights - 2 front theatre-style dimming
Rear map reading lights Rear overhead dome courtesy light

Safety

Child proof door locks Collapsible steering column
Driver and passenger airbags Driver and passenger side airbags
Drivers knee airbag Front inertia reel height adjustable seatbelts with pre-tensioners
Inertia switch fuel cut off Seatbelt warning
Side curtain airbags Three inertia reel seatbelts - 2nd row
Two inertia reel seatbelts - 3rd row

Seats

2 height adjustable headrests - 3rd row 2 individual fold flat 3rd row seats
3 height adjustable headrests - 2nd row 3 individual fold flat 2nd row seats
Anti submarining/fully reclining front seats Front comfort seats
Front seat storage pockets Front seatback tables
Height adjustable front headrests Isofix child seat attachment
Rear seat easy entry Rear seats fold flat

Security

Immobiliser Key in reminder
Locking fuel flap (linked to central locking) Locking wheel nuts
Remote control central/double locking Second remote key
Thatcham Category 1 alarm

Vanity Mirrors

Driver/passenger sunvisors with illuminated vanity mirrors + covers

Wheels - Spare

Conti-mobility tyre repair kit

Source: http://www.car-supermarkets.com/car-supermarkets/south-west/carshop-swindon/used-cars/ford/galaxy/1520915/

Canoodle Isaac path Tropical Storm Isaac path Hurricane Katrina Hurricane Isaac Path Isaac Hurricane earthquake san diego

Monday, July 15, 2013

KU Cancer Center increases use of stem cell to treat older patients

Staff Kansas City Business Journal

The University of Kansas Cancer Center increasingly is using stem cell transplants on patients once thought too old for the cutting-edge treatment, The Lawrence Journal-World reports.

The center?s Blood and Marrow Transplant program now uses stem-cell transplants to treat patients in their 60s, 70s and 80s with conditions like acute myeloid leukemia, the report says. The center is on track to perform about 300 transplants this year, compared with fewer than 50 in 2006.

The KU Cancer Center received National Cancer Institute designation a year ago. Director Dr. Roy Jensen told the Kansas City Business Journal in a recent interview that his sights now are set on boosting the center?s status to that of a comprehensive cancer center.

Source: http://feeds.bizjournals.com/~r/bizj_kansascity/~3/iX8XEeciGtU/ku-cancer-center-increases-use-of-stem.html

bob marley weather the walking dead the walking dead Walking Dead Season 3 Richard III Superbowl Commercials 2013

NFL News Flash: Pouncey Twins Wear ?Free Hernandez? Hats to Bar

From The Comcast Sports Network

www.CSNNE.com

As Aaron Hernandez moves through the deliberate legal system, one might have thought news around his case would cease for the time being.

Apparently not.

On Sunday, a picture surfaced on Deadspin displaying two men that resemble Steelers center Maurkice Pouncey and Dolphins center Mike Pouncey donning ?Free Hernandez? hats. It was later confirmed, by a league source, that the men in the photo were indeed the pair of NFL centers.

The Pouncey twins were both teammates of Hernandez at the University of Florida and won a BCS National Championship in their time at the school with the tight end. But their ties might go even further than that.

As Massachusetts authorities dug around for information regarding Hernandez, they came upon an unsolved 2007 shooting in Gainesville in which the then 17-year-old may have been involved. Well, both Mike and Maurkice?s names have surfaced in that investigation as as well, as a source told police there that the Pouncey twins had been with Hernandez (and Reggie Nelson) in a Gainesville nightclub on the night of the shooting.

So, it probably was not wisest choice for the Pouncey brothers to so flagrantly show their support for Hernandez at this time.

For now, though, it can?t be assumed that this was anything more than a silly decision on the part of two young, talented football players.

?

?

Source: http://www.twifonline.com/news/2013/07/nfl-news-flash-pouncey-twins-wear-free-hernandez-hats-to-bar/

dark knight rises trailer vince young vince young evan longoria john edwards conocophillips capitals

MasterCard dining out program raises funds for Stand Up To Cancer -- 11:31:11(CDT)7-12-2013

Printer Friendly Display

Friday, July 12, 2013 ? 11:31:11 (CDT)

MasterCard dining out program raises funds for Stand Up To Cancer

Purchase, N.Y. and Los Angeles, July 12, 2013 -- MasterCard Worldwide and Stand Up To Cancer are once again coming together to give dining out a purpose through ?Dig In and Do Good.? Beginning today, when cardholders spend $10 or more when dining out, or ordering in, and choose to pay with their MasterCard card through September 28, 2013, MasterCard will make a donation to Stand Up To Cancer one precious cent at a time, up to a total of $4MM.*

This year?s ?Dig In and Do Good? campaign will include a cause marketing television spot featuring Stand Up To Cancer ambassador, two-time Emmy-winning actor Eric Stonestreet. Stonestreet is known for his role as Cameron Tucker on the ABC comedy Modern Family.

?Like most people, cancer has personally affected my life. My mother is a two-time survivor and unfortunately more of my family and friends have been touched by this tragic disease. That?s why I am honored to support Stand Up To Cancer and their collaboration with MasterCard?s ?Dig In and Do Good? campaign,? said Eric Stonestreet. ?Together, we can make a difference in the fight against cancer.

?Through the Dig In and Do Good campaign, raising funds for cancer research is as easy as eating lunch with your colleagues or having dinner with your family,? said Stand Up To Cancer co-founder and CFA member Rusty Robertson. ?We are so incredibly grateful for MasterCard?s incredible continuing commitment to help eradicate this disease.?

?The ?Dig In and Do Good? program gives our cardholders a simple way to stand up to cancer when they sit down for a meal and join us in support of a cause that is personal for so many of us,? said Alfredo Gangotena, Chief Marketing Officer, MasterCard. ?It?s an extension of our commitment to give our cardholders meaningful and unique ways to make a difference while going about their daily lives and doing the things they enjoy.?

An All-Star Celebration

Leading into MLB All-Star Week, MasterCard launched the ?Dig In and Do Good? campaign last night in New York City at the MLB Fan Cave with an evening charity event hosted and curated by Chef Marcus Samuelsson. Joined by Stand Up To Cancer ambassadors, scientists and doctors, MasterCard and Stand Up To Cancer celebrated the launch toward reaching our $4MM fundraising goal.

With the help of MLB mascots Mr. Met & the Phillie Phanatic, a ceremonial ?Dig In & Do Good? swipe will debut during the 2013 Chevrolet Home Run Derby and will air during the broadcast on ESPN along with a rivals breaking bread :30 spot. They will re-air in the 2013 MLB All-Star Game and in select MLB stadiums and broadcasts across the country throughout the baseball season. MasterCard is an official sponsor of Major League Baseball and the MLB All-Star Game

Do Good and Help Spread the Word

To support the initiative, MasterCard is encouraging consumers to join the movement and help spread the word by:

  • Sharing Socially/Booking A Table: Consumers can get their friends, family and co-workers involved in MasterCard?s support of Stand Up To Cancer by sharing their commitment to join the effort across their personal social media channels and/or making a restaurant reservation via mastercard.com/dogood and inviting friends on Facebook or LinkedIn to dine out with them.
  • Checking In When Eating Out: MasterCard and Foursquare have partnered to remind people when they check into restaurants and dining establishments in the US that when they pay with MasterCard they?re helping to support Stand Up To Cancer.
  • Enabling Direct Donations: MasterCard and Chirpify are partnering to offer the first ever in-stream hashtag donation campaign. Consumers will be able to donate with their MasterCard card directly to Stand Up To Cancer via Twitter, Facebook and Instagram, enabled by Chirpify.

The collaborative campaign represents MasterCard?s continued dedication to cancer research. To date, MasterCard collaborations with SU2C have raised more than $12 million for the cause. The donations driven by MasterCard?s generous cardholders have helped provide support to Stand Up To Cancer and the translational cancer research it funds.

*Certain terms and conditions apply: From July 12 ? September 28, 2013, MasterCard will donate up to up to $4 million to Stand Up To Cancer. $.01 per qualifying restaurant transactions of $10 or more and $.02 for each MasterCard PayPass transaction made at a PayPass enabled restaurant. The promotion applies to U.S. qualifying restaurant purchases made by MasterCard consumer and small business cardholders with MasterCard cards issued by U.S. financial institutions. Stand Up To Cancer is a program of the Entertainment Industry Foundation (EIF), a 501(c)3 tax-exempt organization. EIF meets all 20 BBB Charity Standards. Stand Up To Cancer and the Stand Up To Cancer Brand Mark are registered trademarks of the Entertainment Industry Foundation

MasterCard, the MasterCard Brand Mark, PayPass and Priceless are registered trademarks and Dig In & Do Good is a trademark of MasterCard International Incorporated. ?2013 MasterCard.

About MasterCard

MasterCard (NYSE: MA), www.mastercard.com , is a technology company in the global payments industry. We operate the world?s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard?s products and solutions make everyday commerce activities ? such as shopping, traveling, running a business and managing finances ? easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Conversations Blog and subscribe for the latest news.

About Stand Up To Cancer

Stand Up To Cancer (SU2C), a program of the Entertainment Industry Foundation (EIF), a 501(c)(3) charitable organization, and was established in 2008 by film and media leaders who utilize the industry?s resources to engage the public in supporting a new, collaborative model of cancer research, and to increase awareness about progress being made in the fight against the disease. SU2C raises funds to accelerate the pace of research that will get new therapies to patients quickly and save lives now. As SU2C?s scientific partner, the American Association for Cancer Research (AACR) and a Scientific Advisory Committee led by Nobel Laureate Phillip A. Sharp, Ph.D., conduct rigorous, competitive review processes to identify the best research proposals to recommend receiving funding, oversee grants administration, and provide expert review of research progress.

Current members of the SU2C Council of Founders and Advisors (CFA) include Talk Show Host, Journalist and well-known Cancer Advocate Katie Couric; Sherry Lansing, Chairperson of the Entertainment Industry Foundation?s Board of Directors and Founder of the Sherry Lansing Foundation; EIF President and CEO Lisa Paulsen; EIF Senior Vice President Kathleen Lobb; Rusty Robertson and Sue Schwartz of the Robertson Schwartz Agency; Pamela Oas Williams, President of Laura Ziskin Productions and Executive Producer of Stand Up To Cancer?s In-house Production Team, and Nonprofit Executive Ellen Ziffren. All current members of the CFA were co-producers of the 2012 televised special. The late co-founder Laura Ziskin executive produced both the Sept. 5, 2008, and Sept. 10, 2010, broadcasts. SU2C was formally launched on May 27, 2008. Sung Poblete, Ph.D., R.N., has served as SU2C?s president and CEO since 2011.

Source: Company press release.

List by Date | Search

Source: http://www.greensheet.com/newswire.php?newswire_id=32444

Canelo vs Trout 420 Meteor Showers 2013 Darrelle Revis david ortiz record store day cnn

Motor racing-Sauber to fast-track Russian teenager into F1

(Adds detail)

By Alan Baldwin

LONDON, July 15 (Reuters) - Russian teenager Sergey Sirotkin could become Formula One's youngest ever driver next season as part of a financial lifeline keeping the Swiss Sauber team in the sport.

Cash-strapped Sauber announced on Monday a partnership with three Russian entities, including the National Institute of Aviation Technologies which is headed by the 17-year-old driver's father Oleg.

The other two are the Investment Cooperation International Fund and the State Fund of Development of the North-West Russian Federation.

Sauber said in a statement that a development programme would be set up for Sirotkin "to prepare him as a racing driver for the team in 2014".

If that plan comes to fruition - and it depends on the granting of a super-licence and him being deemed ready to take the step - Sirotkin would be far younger than Spaniard Jaime Alguersuari was when he made his race debut in 2009 aged 19 years and 125 days.

The teenager, who turns 18 in August, is currently competing in the Formula Renault 3.5 series.

Sauber said the partnership would also include "activities for the promotion of the inaugural Formula One Grand Prix in Sochi in 2014 and attracting the talented young Russian generation towards motorsport.

"This extensive co-operation will showcase Russian innovation at the pinnacle of motorsport. At the same time, the Sauber F1 Team will have a solid foundation to increase its competitiveness on a long-term basis," it added.

Sauber's current race drivers are experienced German Nico Hulkenberg, who is expected to move on, and Mexican Esteban Gutierrez, whose path has been smoothed by the backing of important Mexican sponsors.

FINANCIAL HOLE

The Swiss-based team - once owned by BMW - have been seeking a new partner to get them out of a financial hole, with founder Peter Sauber recognising delays in paying some suppliers.

"The situation is serious. It is one of the most difficult situations since I've been in motorsport," he told Blick newspaper at the weekend.

Sauber, who also have a Russian connection through a partnership with Premier League soccer club Chelsea owned by billionaire Roman Abramovich, said details of the new deal would be revealed at a later stage.

Formula One has wooed Russia for more than a decade with limited success although the country's involvement is now growing steadily.

Minardi, the defunct team that is now Toro Rosso, trumpeted a deal with Gazprom back in 2002 and carried the gas giant's branding on their cars for a while, but there was little evidence of any money actually coming through to the perennial tail-enders.

Vitaly Petrov became the first Russian F1 driver with Renault in 2010 and brought some personal backing to that team and then Caterham, who now employ his ex-manager as their commercial director.

Ferrari have Moscow-based internet security provider Kaspersky Lab as an official sponsor while the most high profile Russian involvement so far was the takeover by sportscar maker Marussia of the British-based Virgin Racing team.

Marussia, who have the smallest budget of any team, have attracted several Russian sponsors but have yet to score a point and are also fighting for funding. (Reporting by Alan Baldwin; Editing by Toby Davis)

Source: http://news.yahoo.com/motor-racing-sauber-fast-track-russian-teenager-f1-150413151.html

Perry Hall High School Hurricane Isaac 2012 bill nye Snooki Baby terrell owens terrell owens neil armstrong