By | August 02 2012 4:12 PM

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Kate Middleton's Handwritten 'Thank You' Note: Complete Text, With Spelling Errors
Photo: Reuters

Kate Middleton's Handwritten 'Thank You' Note: Complete Text, With Spelling Errors

The contents of Kate Middleton's handwritten thank-you note were published by the UK's Daily Mail, revealing two slightly embarrassing spelling errors.

The Wimbledon Museum has displayed the 2008 letter, which is addressed to The All England Club, thanking officials for accommodating the future Duchess and a friend during a July 2008 visit to Wimbledon.

 In the letter, Middleton writes 'quite' when she means 'quiet', and in a lesser offense, adds an erroneous second 'l' when abbreviating 'until'.

Certainly not the kind of mistakes one would want displayed in a museum, but the errors are perhaps not *quite* so egregious that they demand scrutiny over the cost of Middleton's public education (in the UK, public schools are more like private schools in the US) or a reminder that her brother is dyslexic.

Here is the text of the note as published by the Daily Mail:

'Dear Sir. Thank you for your kind hospitality at Wimbledon last week. My friend and I had such a fantastic time and it was great to be able to enjoy the day knowing that we could have a little peace and quite if things got a little too hectic.

'It was a wonderfully relaxed day and we even spent part of it on the Henman/Murray Hill, which was great fun.

Thank you again for making it such a fun and easy visit.'

'Best wishes, Catherine Middleton.'

It is believed the Duchess was consulted and gave her permission for it to be revealed to the public, the Daily Mail writes, perhaps unaware of her errors.

 

 

 

Toronto Stocks Finish Slightly Lower, Lose More Than 500 Points On Week - Canadian Commentary
Photo: Reuters

Toronto Stocks Finish Slightly Lower, Lose More Than 500 Points On Week - Canadian Commentary

RTTNews - Canadian stocks finished an uncertain session modestly lower on Friday, following the direction of markets in the U.S. and Europe. Lower commodity prices dragged Toronto stocks into the red.

The S&P/TSX Composite Index slipped 26.79 points or 0.27% to end at 9,747.13. The main index closed down 535.97 points for the week.

Materials stocks dropped 2.1% to lead the decliners. Potash (POT.TO) dropped 8.9% and rival Agrium (AGU.TO) fell 4.7%.

Mining stocks fell 1.1% as copper fell in Comex trading. Teck Cominco (TCK.B.TO) and HudBay (HBM.TO) each lost 2.5% to lead the sector lower.

On the upside, technology stocks rose 1.4%. Research in Motion (RIM.TO) added 1.2% to lead the way.

In corporate news, Bioniche Life Sciences (BNC.TO) surged 26.1% after the company sold the exclusive rights to develop and market Urocidin in the U.S. with an option for global rights to Endo Pharmaceuticals in a deal worth up to US$130 million.

Rogers Communications (RCI.A.TO) is up 1.1% after the company announced the launch of mobile Internet ready netbooks. The network is now the mobile Internet service provider for the first 3.5G embedded laptops in Canada.

Corel Corp. (CRE.TO) fell 4% after the company reported that its second quarter net loss was US$4.1 million or US$0.16 per share, compared to net income of US$930,000 or US$0.04 per share in the second quarter of fiscal 2008.

Migenix (MGI.TO) declined 14.3% after the company said its fourth-quarter income was C$6.71 million or C$0.05 per share compared with a loss of C$3.24 million or C$0.04 per share in the prior year period.

Timminco Ltd. (TIM.TO) fell 2.4% after the company said its subsidiary Becancour Silicon Inc. has signed a definitive loan agreement with Investissement Quebec providing for a two-year term loan of C$25.0 million.

In economic news, Statistics Canada reported job losses of 13,000 in the second quarter, much smaller than the 273,000 decline in the first three months of the year. The unemployment rate edged up to 8.6%, up from 8.4%, as more people looked for work.

Meanwhile, separate data showed Canadian new home prices selling prices decreased 0.1% in May following a 0.6% decline in April.

And the Canadian trade deficit widened to C$1.4 billion in May. A deficit of C$600 million was projected, compared to a deficit of C$200 million in April.

Earnings will be in focus next week. OSI Gspatial (OSI.TO), Couche-Tard (ATD.A.TO), Corus Entertainment (CJR.B.TO) and Nexen (NXY.TO) are among the key companies on next week's earnings calendar.

Across the border, Google, IBM, Bank of America, Citigroup, Goldman Sachs, Intel and General Electric are on the schedule.

For comments and feedback: contact editorial@rttnews.com

Creditors oppose extending Lehman plan deadline
Photo: Reuters

Creditors oppose extending Lehman plan deadline

A group of unsecured creditors objected on Friday to a request by bankrupt Lehman Brothers Holdings Inc for more time to draft its reorganization plan, claiming the delay will cut into the $13 billion they say they are owed, according to court documents.

Lehman attorneys asked the court last week to extend until March 15, 2010 the period in which the company can propose a reorganization plan in the largest bankruptcy in U.S. history.

The current deadline expires on Monday and Lehman said it needed time to collect data and coordinate cases that span the globe.

The ad hoc group of unsecured creditors -- including Elliott Management Corp, King Street Capital Management LP and Paulson & Co Inc -- argued in the documents, filed in federal bankruptcy court in Manhattan, that Lehman is essentially being liquidated and therefore creditors should manage the process since they are the main beneficiaries.

Neither the managers of the enterprise, nor the Debtors' advisors ... are economically motivated to create value for the enterprise, they said in the filing. In contrast, the true stakeholders -- the creditors -- are effectively disfranchised and impaired.

The group also criticized Lehman's disclosure practices, saying Lehman's Monthly Operating Report for June 2009 was one line long.

Lehman filed for bankruptcy in September 2008 as confidence evaporated from financial markets.

The committee's filing also criticized a fee structure that it says encourages restructuring advisers, Alvarez & Marsal, to drag out the time it spends managing Lehman. Alvarez & Marsal has so far earned fees of about $115 million.

Including the fees paid to Alvarez & Marsal, Lehman paid a total of $262.6 million in legal and consulting fees between September 2008 and June.

Lehman Brothers attorneys did not return calls seeking comment.

The case is In re Lehman Brothers Holding Inc, U.S. Bankruptcy Court, Southern District of New York, No. 08-13555.

(Reporting by Tom Hals and Phil Wahba; editing by Andre Grenon)

Katy Perry wearing Hershey kiss outfit on 'Rolling Stone' cover
Photo: Rolling Stone

Katy Perry wearing Hershey kiss outfit on 'Rolling Stone' cover

In her latest act of putting candy on her breasts Katy Perry appears on the cover of the new issue of Rolling Stone magazine wearing a silver Hershey kiss bra top.

Katy reveals her political beliefs in the article: It just feels like the thing running our country is a bank, money. ... I think we are largely in desperate need of revolutionary change in the way our mindset is. Our priority is fame, and people's wellness is way low. I saw this knowing full well that I'm a part of the problem. I'm playing the game, though I am trying to reroute. Anyway, not to get all politically divulging and introspective, but the fact that America doesn't have free health care drives me f*cking absolutely crazy, and is so wrong, Katy said.

Katy also reveals that until she was 19 she taped down the things that she now adorns in candy and cleavage boosting tops.

Other things Katy reveals:

-She loves to watch 'Ancient Aliens' on the History Channel because it 'blows her mind.'

-She's plotting 'world changing' music. Katy very astutely points out that 'California Gurls' will not change the world, nor will it change the proper spelling of 'girls.'

The issue comes out on Friday

Big media seek 21st century business models
Photo: Rolling Stone

Big media seek 21st century business models

Media moguls at this week's Sun Valley conference have spent as much time discussing how to reconfigure business models disrupted by the Web as they have worrying about the weak economy.

With difficult credit markets and an unclear future, talk of dealmaking has been at a minimum this year. Yet there has never been a more important time for media conglomerates and their financiers to act and adapt to the Internet age.

The mood at the conference was described as somber and very bearish by executives. While the recession was a key reason, the other was the uncertainty over how future profits can be made from distributing news and entertainment online and across devices like smartphones.

We're not using long-form content on the Web because it's not clear to us that's the way people want to consume content, said David Zaslav, chief executive of Discovery Communications Inc, which owns the Discovery Channel.

But also the business model isn't there yet, so we're taking it slow, he said in an interview on the sidelines of the event organized by boutique investment bank Allen & Co.

In the late-night bar at the Sun Valley Lodge, from which the press was banned, most of the discussions were around the issue of free versus paid content, said one senior executive who asked not to be named as his conversations with other executives were private.

The challenge is how media companies can keep alive the lucrative cable business model at a time when consumers are increasingly used to getting content for free online. Cable operators pay affiliate fees to cable networks for their programing, and both share advertising revenue.

Plans such as Time Warner Inc's TV Everywhere and Comcast Corp's On Demand Online seek to preserve that business model by offering cable shows on the Web to authenticated, paying cable TV subscribers.

Authentication is an interesting intermediate step and is something that we're looking at, said Zaslav.

The conversations about TV Everywhere are heating up. Google Inc CEO Eric Schmidt confirmed to reporters that he has had early talks with Time Warner about the possibility of getting paid cable shows up on YouTube. But he did not elaborate.

TV VS PRINT AND MUSIC

Television studio executives do not want to repeat the experience of their colleagues in the hard-hit newspaper and music businesses, and are worried that consumers will expect TV shows, movies and all professional programing to be free.

Hulu.com, owned by News Corp, NBC Universal and Walt Disney Co, offers broadcast TV shows and movies for free on the Web, but there has been talk at Sun Valley among executives of introducing a paid content model.

Wired editor Chris Anderson argues in his book 'Free' that many companies, with media at the forefront, could build bigger and better businesses around the notion of giving away their content for free.

Many executives in Sun Valley would not agree. 'Free' -- supported by advertising -- is not a new concept. After all, broadcast TV is free but its dominance has been eroded by cable channels and its future as an advertising outlet is bleak.

Newspapers owned by News Corp and others are fervently examining news-bundling pricing models to seek ways to get users to pay to read news online. One consideration may be to bundle different properties along vertical lines, such as business and sports news, for a monthly fee.

Far from free, what media moguls would want to preserve on the Web and mobile platforms is the dual-revenue stream from subscriptions and advertising.

The big thing for these guys is how do you come up with that dual revenue streams online, said Jeremy Alliare, chief executive of Brightcove, an online video company that partners with many major media companies. Cable TV is a part of that but I think it's a broader industry discussion.

(Reporting by Yinka Adegoke, editing by Tiffany Wu and Richard Chang)

Steve Mcnair memorial service attended by thousands, Kazemi buried
Photo: Rolling Stone

Steve Mcnair memorial service attended by thousands, Kazemi buried

The memorial service of slain ex-NFL quarterback, Steve McNair was attended as many as 5,500 at Mount Zion Baptist church on Thursday.

McNair was shot dead as he slept in the early hours of July 4th by his 20-year-old mistress, Sahel Kazemi, who he met six months ago.

Police determined earlier this week that Kazemi had killed the former Tennessee Titan star before pulling the trigger on herself.

A possible motive for the killing was that Kazemi suspected McNair,36, of being involved with another woman.

Sahel Kazemi buried

Kazemi was laid to rest on Friday at a private ceremony in Florida attended by about 30 family and friends.

Olympic history was made on Wednesday when the U.S. men's swimming team won the gold medal in the 4x200 freestyle relay.

It was the 19th total medal for Michael Phelps in his Olympic career, putting him one spot above gymnast Larisa Latynina on the all-time list. Phelps also extended his record by winning his 15th gold medal.

Only a select number of athletes in the Games' history have come close to achieving the same kind of success. Just 30 athletes have won at least 10 medals in the Olympics, with Phelps being the only one to achieve double-digit gold medals.

While Phelps has dominated this decade, the 50's, 60's and 70's saw athletes from countries other than the USA be almost as good.

Here is a list of the Olympians with the most career medals in the history of the Games: