Mobileye N.V., which makes software and cameras that help cars avoid accidents, said on Monday it has launched a road show for its U.S. initial public offering of around $500 million.
The Israeli based company will sell 27.75 million shares – 8.325 million by Mobileye itself and another 19.425 million by the selling shareholders.
Mobileye said it expects the IPO on the New York Stock Exchange to price at $17 to $19 a share and list under the symbol MBLY. That would bring in proceeds of $472 million to $527 million.
July 23, 2014
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July 22, 2014
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Two Republican judges on the D.C. Circuit Court have ruled that the equivalent of a typo is enough to strip health care subsidies from up to five million people, dealing what would be a death blow to the Affordable Care Act if the decision is allowed to stand. The one Democrat on the panel dissented.
The three-judge panel ruled in Halbig v. Burwell that people in the 36 states that use the federal health insurance exchange are ineligible for subsidized insurance. The decision would also affect those who purchased insurance through the exchange but don’t receive subsidies, as reneging on the payments would lead to a rapid increase in insurance rates for everyone.
The White House said Tuesday the decision will be appealed to the entire D.C. circuit court — what’s known as an en banc review — where Democrats hold a majority that is nearly certain to overturn the GOP judges’ aggressive move. The next step could be the Supreme Court, which already upheld the Affordable Care Act in a separate case two years ago.
July 22, 2014
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People with overdue bills have long complained of harassment from debt collectors, from late-night phone calls to frightening in-person visits. Now it appears the industry has found far more troubling strategy: Filing lawsuits against debtors — often, consumer advocates say, on the theory that they won’t ever show up to court to defend themselves.
The consequences are dire when the debtors don’t appear in court. A judge can put a lien on someone’s home, garnish wages, even freeze bank accounts — all without a person ever getting a chance to fight their case. And at times, collectors file suit in error. Consumers interviewed for this story described cases where they were never told they were being brought to court, or were sued for debts on credit cards they never had.
July 20, 2014
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Nature has always availed the best cure for cancer treatment better yet nature has provided best foods and fruits that can help in preventing cancer. Most alternative cancer treatment are diet based and are performing better in treating cancer patients without leaving any serious side effects as opposed to the conventional cancer treatment methods.
Some of these diets can be used alongside chemotherapy as well as radiation therapy to ease the side effects of chemotherapy during cancer treatment. Good nutrition has always been emphasized by doctors and other nutritionists as a better way to prevent or treat cancer.
July 19, 2014
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It’s highly unlikely we’re alone in the universe, NASA experts are saying, and we may be close to finding alien life. In fact, it may happen in the next two decades.
NASA held a panel discussion at the agency’s Washington headquarters on Monday, where space experts talked about the search for Earth-like planets that host life. Based on recent advancements in space telescope technology, scientists estimated that in the coming decades we’ll confirm suspicions that we’re not alone.
“I think in the next 20 years we will find out we are not alone in the universe,” NASA astronomer Kevin Hand said in footage filmed at the discussion and posted on YouTube.
July 18, 2014
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The number of young men killed on the streets of American cities is all but overlooked in the U.S., Mayor Mitch Landrieu of New Orleans tells Reuters Political Correspondent Andy Sullivan at the Aspen Ideas Festival.
July 17, 2014
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A cargo train used by Mexicans and Central Americans to travel toward the U.S. border derailed in the southern Mexican state of Oaxaca on Wednesday, stranding about 1,300 migrants, emergency services said.Many of the migrants aboard were young people and nobody was injured when the train nicknamed “the Beast” came off the tracks, a spokesman for local emergency services said.Since last October, more than 50,000 unaccompanied minors, most from El Salvador, Guatemala and Honduras, have been caught illegally crossing the southwest border of the United States.
July 15, 2014
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Battling cancer can have long-term effects on the heart.
Treating cancer isn’t yet a precise science. Although doctors are getting better at targeting tumors, there’s still no magic bullet that homes in on cancer cells and destroys them without risking collateral damage to other parts of the body. The outward signs of off-target destruction include classic side effects of chemotherapy and radiotherapy such as hair loss, nausea, and fatigue. But there can be silent inner damage, too, sometimes to the heart and arteries. These injuries can appear immediately during therapy; other times they don’t surface for years.
“Important advances in our ability to fight cancer over the last few decades have translated into improved survival,” says Dr. Erica L. Mayer, an oncologist at Harvard-affiliated Dana-Farber Cancer Institute. “But we are also learning that many of these lifesaving therapies have the potential to affect the heart and other parts of the body.”
Once relegated to the back burner, the late effects of cancer care are gradually getting more attention. One turning point was the publication in 2005 of From Cancer Patient to Cancer Survivor: Lost in Transition. This influential report from the Institute of Medicine put a spotlight on the disjointed care often received by the 12 million-plus cancer survivors in the United States after their cancer treatment has ended.