West Miami-Dade hit-and-run driver convicted, awaiting sentencing

Almost four years after a hit-and-run driver killed her 11-year-old daughter, Adonay Rosete will enter the holiday season with some semblance of closure.

That’s because a jury this month convicted the driver of two felonies in the death of 11-year-old Ashley Nicole Valdes, who was struck in January 2009 in West Kendall after a bus driver dropped her off on the wrong side of the street.

The driver, Harvey Abraham, 37, was convicted of leaving the scene of an accident involving death and tampering with evidence.

He will be sentenced early next year, and faces from two to 35 years in prison.

“The trial was just very hard because it took me back to that moment of her death. He took two lives that day. The dead are dead, but the living are the ones who stay behind suffering,” Rosete said this week. “But after three years, it’s closure.”

Ashley’s death spurred Miami-Dade County to implement an “Ashley Alert” text-message system for which county residents can sign up to receive alerts on crime and traffic issues. The alerts are intended to spread the word on crimes such as hit-and-run accidents like the one that killed Ashley.

In March 2009 — in a ceremony featuring dozens of the girl’s classmates — county officials also renamed the portion of Southwest 80th Street where Ashley died after her.

Ashley had just started sixth grade at Howard Doolin Middle School in West Kendall. Her mother also cares for her younger daughter, Amanda Batista, who suffers from Angelman Syndrome, a condition similar to cerebral palsy.

Ashley was killed Jan. 8, 2009, when a substitute school bus driver dropped her off on the wrong side of the Southwest 80th Street in West Kendall. She was crossing 80th Street when a Ford F-150 plowed into her, hurling her body 80 feet. Her family later received a settlement from the Miami-Dade school district.

Two school-age sisters in a nearby car witnessed the accident.

At the time, Abraham — a father of two daughters — worked as an administrative assistant at an accounting firm. He took his truck to a body shop, and even filed an insurance claim, saying he was the victim, prosecutor Suzanne Von Paulus told jurors at his trial.

As Miami-Dade traffic homicide detectives searched for the truck and fielded more than 70 tips, Allstate insurance inspected the vehicle and mailed a check to Harvey for the damage.

While the partially disassembled truck sat outside a South Miami auto body shop, a citizen — who heard about the case through the news media — called police. The shop’s owner, working with police, called Abraham to the shop under the pretense that he needed to sign more paperwork for the repair job.

Detectives arrested Abraham, who claimed he thought he had struck a dog. Jurors took 25 minutes to convict him.

“The whole thing is tragic. There was nothing he could have done to avoid this accident,” said his defense attorney, David Donet. “From the beginning he said he never realized what he hit. But he is really devastated by what happened to Ashley and is very remorseful.”

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Facebook and volatile market still chill IPOs

Making a killing on initial public offerings used to be easy.

At the peak of the technology boom, little more than a decade ago, a plentiful supply of companies vied to sell stock on the exchanges, and investors were assured mouthwatering returns.

These days, the deals are fewer and the returns more modest.

Companies are set to raise more than $ 45 billion through IPOs this year — the most since 2007, according to data provider Dealogic. But if you scratch the surface, there are signs that the market is less healthy than it appears.

Almost a third of the money raised in IPOs this year came from one deal, Facebook‘s $ 16 billion offering in May, and the number of companies taking themselves public may end at a three-year low.

The pipeline, or backlog, of companies planning to sell stock is also thinning.

“It’s a reflection of the psychology of the market today. It’s not strong. It’s moderate to weak,” says Rob Lutts, chief investment officer at Cabot Money Management in Salem, Mass.

While 437 companies have filed for an IPO this year, 178 have withdrawn or postponed their planned listings, Dealogic data show.

The state of the IPO market matters beyond Wall Street. Besides giving investors the chance to buy into fast-growing parts of the market, offerings give companies the money to expand and hire workers.

Scott Cutler, head of global listings at NYSE Euronext, which runs the New York Stock Exchange, estimates that more than 90 percent of a public company’s employee growth comes after it has listed on an exchange.

IPO activity is dictated largely by the health of the overall stock market. Falling markets discouraging companies from going public.

The Standard & Poor’s 500 is up 11 percent this year, but the advance has been punctuated by sharp declines when investors fretted about European debt, the election and, now, a looming “cliff” of tax increases and government spending cuts.

“The general market has been real choppy this year. It really has,” says Sal Morreale, an institutional salesman at Cantor Fitzgerald in Los Angeles who tracks offerings.

Facebook’s calamitous market debut also put the brakes on IPOs.

The social networking site’s offering was the most keenly anticipated market debut at least since Google’s in 2004. But concerns about revenue from smartphone users spooked investors, and the offering was plagued by technical glitches.

The stock was priced at $ 38 and fell almost immediately, dropping as low as $ 17.55 on Sept. 4. The negative publicity helped shutter the IPO market for more than a month until EQT Midstream Partners, an energy company, sold stock June 16. Companies including American Tire Distributors and Crosair, a computer memory company, were among those withdrawing their IPOs.

“That deal has become a textbook case of how not to do a deal,” says Quincy Krosby, a market strategist with Newark, N.J.-based Prudential Financial. “That IPO really chastened investors.”

The backlog of companies planning IPOs fell to 39 in November, according to data from Ipreo, a market analysis company firm. That is the fewest since August 2009, just after the recession. The tally has been declining steadily since September 2011.

NYSE’s Cutler says that much of the decline is because of a law passed in April designed to make it easier for companies to attract funding. They can confidentially notify regulators of their intention to seek a listing.

Cutler says that if the business environment remains stable, the pace of IPO filling will be “slightly up” next year as companies become more familiar with the law.

The law allows companies to avoid disclosing competitively sensitive information and come to the market at much shorter notice. Ultimately, it will encourage more companies to seek listings, Cutler says.

Despite Facebook‘s high-profile slump, most companies have left something on the table for investors.

The average return for IPOs this year has been 11 percent, according to Dealogic data. That’s less than the average 88 percent one-year return that investors garnered in 1999 but roughly in line with the broader market.

Among the best debuts: Guidewire Software, a provider of software for the insurance industry, and Nationstar Mortgage Holdings, a Texas mortgage provider and servicer, according to data from IPO investment advisory firm Renaissance Capital.

Investors that bought Guidewire’s stock at $ 13 at its market debut in January have seen it rise to almost $ 30, while Nationstar’s stock has almost doubled from $ 14 to $ 27.35.

There are some advantages to a slow IPO market, says Lutts of Cabot Money Management. When demand is low, only the best companies are able to attract enough demand to list on the exchanges, raising the quality of companies coming to the market. And it can be an indicator that the broader market is oversold and thus offers some bargains.

“When we’re frothy, everything is coming at a premium,” Lutts says. “I’m interested in equities today because of a weak IPO market.”

Social Media News Headlines – Yahoo! News

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Larry Hagman Dies

Larry Hagman, best known for playing Dallas villain J.R. Ewing, died Friday morning from complications stemming from his recent battle with cancer.

He was 81 years old.

Video: Larry Hagman Talks 'Dallas', Cancer and Veganism

"Larry was back in his beloved Dallas, re-enacting the iconic role he loved most," the family said in a statement via The Dallas Morning News. "When he passed, he was surrounded by loved ones. It was a peaceful passing, just as he had wished for. The family requests privacy at this time."

Hagman's Dallas co-stars Linda Gray (who played his wife Sue Ellen) and Patrick Duffy (who played his brother Bobby) were reportedly at his bedside when he died, The Sun is reporting.

"Larry Hagman was my best friend for 35 years. He was the Pied Piper of life and brought joy to everyone he knew," Gray tells ET in a statement. "He was creative, generous, funny, loving and talented, and I will miss him enormously. He was an original and lived life to the fullest ... The world was a brighter place because of Larry Hagman."

Video: J.R. Menaces in New 'Dallas'

Hagman, who also starred as Air Force Captain Anthony Nelson in I Dream of Jeannie, was last seen on television in TNT's Dallas reboot, where he returned to play his most well-known character.

"Larry Hagman was a giant, a larger-than-life personality whose iconic performance as J.R. Ewing will endure as one of the most indelible in entertainment history," Warner Bros., Dallas executive producers Cynthia Cidre and Michael M. Robin, and the show's cast and crew said in a statement. "He truly loved portraying this globally recognized character, and he leaves a legacy of entertainment, generosity and grace. Everyone at Warner Bros. and in the Dallas family is deeply saddened by Larry's passing, and our thoughts are with his family and dear friends during this difficult time."

"It was truly an honor to share the screen with Mr. Larry Hagman," Dallas reboot star Jesse Metcalfe, who plays Christopher Ewing, said in a statement. "With piercing wit and undeniable charm he brought to life one of the most legendary television characters of all time. But to know the man, however briefly, was to know a passion and dedication for life and acting that was profoundly inspirational."

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Sitcom star Larry Hagman dead at 81

AP Photo/NBC, file

Barbara Eden, left, and Larry Hagman in a scene from the hit 1960s TV show "I Dream of Jeannie."

LOS ANGELES — Larry Hagman, whose predatory oil baron J.R. Ewing on television's long-running nighttime soap opera "Dallas" became a symbol for 1980s greed and coaxed forth a Texas-sized gusher of TV ratings, has died. He was 81.

Hagman, who returned as J.R. in a new edition of "Dallas" this year, passed away Friday afternoon due to complications from his battle with cancer, according to a statement from the family provided to The Associated Press by Warner Bros., producer of "Dallas."

"Larry was back in his beloved hometown of Dallas, re-enacting the iconic role he loved the most," the family said. "Larry's family and closest friends had joined him in Dallas for the Thanksgiving holiday."

Hagman was diagnosed in 1992 with cirrhosis of the liver and acknowledged that he had drank heavily for years. In 1995, a malignant tumor was discovered on his liver and he underwent a transplant.

Years before "Dallas," Hagman had gained TV fame as a nice guy with the fluffy 1965-70 NBC comedy "I Dream of Jeannie," in which he played Capt. Tony Nelson, an astronaut whose life is disrupted when he finds a comely genie, portrayed by Barbara Eden, and takes her home to live with him.

He also starred in two short-lived sitcoms, "The Good Life" (NBC, 1971-72) and "Here We Go Again" (ABC, 1973). His film work included well-regarded performances in "The Group," ''Harry and Tonto" and "Primary Colors."

But it was Hagman's masterful portrayal of the charmingly loathsome J.R. that brought him his greatest stardom. The CBS serial drama about the Ewing clan and those in their orbit aired from April 1978 to May 1991.

The "Who shot J.R.?" story twist, in which Hagman's character was nearly murdered in a cliffhanger episode, fueled international speculation and millions of dollars in betting-parlour wagers. It also helped give the series a ratings record for the time.

When the answer was revealed in a November 1980 episode, an average 41 million viewers tuned in to make "Dallas" the second most-watched entertainment show of all time, trailing only the "MASH" finale in 1983 with 50 million viewers.

It was J.R.'s sister-in-law, Kristin (Mary Crosby) who plugged him — he had made her pregnant, then threatened to frame her as a prostitute unless she left town — but others had equal motivation.

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‘App economy’ potential sizzles

Raymond Gonzalez, a Florida International University senior, is developing an iPhone application called Pet Finder that will allow users to browse the dogs and cats at the local animal shelter or request an animal for adoption. He is also part of a team creating mobile apps that track bank failures, issue alerts about earthquakes and organize homework assignments.

It’s a well-calculated effort to learn as much as he can about mobile technology as quickly as possible. “My goal is to make all these apps free and open source while using the knowledge gained to build my startup company after graduation,” said Gonzalez, who is majoring in information technology.

Whether he starts his own company or works for someone else, Gonzalez is preparing to be a player in a high-paying, sizzling new industry, one that might provide the United States with a big opportunity to increase its exports in coming years.

While the overall economy still lags, the “app economy” has created nearly 500,000 jobs in the United States since 2007, when there were none.

Companies even worry that the nation isn’t moving fast enough to produce new talent for thousands of unfilled jobs as consumers demand more and more gizmos and gadgets for their smartphones.

As a result, salaries are rising quickly: Mobile apps developers can expect pay increases of 9 percent next year, among the highest of any jobs, putting them in the range of $92,750 to $133,500 a year, according to a survey that the staffing and consulting firm Robert Half International released last month.

If the United States can maintain its dominance in the industry, many say the app economy could make a big dent in the country’s federal trade deficit. Last year, for example, more than 20 percent of the apps downloaded in China were made by U.S. developers.

“There is unprecedented opportunity for America to capitalize on exploding international markets,” Peter Farago, the vice president of marketing for Flurry, a high-tech startup in San Francisco, testified in September before the House Subcommittee on Commerce, Manufacturing and Trade.

Farago said his company had more than 100 employees and 50 open positions and that “we literally cannot find the talent we need fast enough.” He told members of the subcommittee that the app economy would become increasingly international and that the United States should do more to improve education and retraining programs and to make it easier for companies to bring and keep more talent from foreign countries.

“We’re in a human capital crunch,” added Rey Ramsey, the president and chief executive officer of TechNet, a network of technology executives that promotes the industry.

According to a TechNet study released earlier this year, the 466,000 mobile-tech jobs created since the iPhone was introduced include programmers, designers, marketers, managers and support staff for Apple, Android, Facebook and other platforms. California is by far the most dominant player in the industry, accounting for nearly one of every four jobs. New York ranks second, followed by Washington state, Texas, New Jersey, Illinois, Massachusetts, Georgia, Virginia and Florida.

Among metropolitan regions, New York ranked first, followed by San Francisco-Oakland-Fremont, San Jose-Sunnyvale-Santa Clara and Seattle-Tacoma-Bellevue. Miami-Fort Lauderdale ranked 19th.

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Shoppers flood South Florida stores on Thanksgiving for Black Friday deals

GeGe Williams joined 18 family members Thursday for a sprawling Thanksgiving feast of turkey, collard greens, macaroni and cheese, seafood rice, stuffing and banana pudding.

They had to eat quickly. It was 11 a.m., and they wanted to get in line to shop.

“Half of us went to Walmart and half of us came here,” Williams, a fast-food cashier from Miami, said shortly before 6 p.m. from a bench outside the Best Buy at the Dadeland Station Mall.

Williams joined tens of thousands of South Florida residents in condensing or abandoning their Thanksgiving routines Thursday to snag bargains reserved for the earliest of holiday shoppers.

At a Doral Toys R Us, more than 300 people waited in line for an 8 p.m. opening, the earliest yet for a store that four years ago kept closed through Thanksgiving. But with more retailers seeing midnight openings on Friday too long a wait for holiday sales, Toys R Us opted to move its "door buster" frenzy into Thanksgiving evening.

The earlier opening brought Rebecca Sucarino to Toys R Us at 10 a.m. to claim the first spot in line. The insurance specialist was joined by her husband and friends, while her three children ate Thanksgiving with Sucarino’s mother.

This is Sucarino’s third year at the front of the line on Thanksgiving at the same Toys R Us. She’s on the hunt for baby clothes and a $100 trampoline selling for $50.

She said she’s happy to be able to afford a big Christmas haul for her three kids (ages 11, 3 and six months) but does regret having to stake out a store on Thanksgiving.

“This is my son’s first Thanksgiving. It bothers me a lot,” she said. “But it feels good to get the kids a lot of toys and not spend as much.”

While the Toys R Us line grew throughout the evening, the second group of shoppers didn’t show up until around 5 p.m.

Such was the luck of Thanksgiving Day shopping, with some die-hards realizing they had arrived hours or even days earlier than they needed to.

At a Doral Best Buy, Valentina Sierra stood by a tent she and a fellow Starbucks worker pitched there on Monday. When did the people that snagged Spot No. 2 arrive? Wednesday, Sierra said, rolling her eyes.

She planned on buying a $499 40-inch Toshiba television on sale for $179 as a gift for her parents. About 40 spots down a line topping 200 around 7 pm, Florida International University student Jason Kalil wanted the same item. He wasn’t hopeful and blamed local police.

Kalil explained he arrived around midnight and placed his tent near Sierra’s. While charging a phone Thursday morning, Kalil saw someone had inserted their tent, claiming improper dibs on Kalil’s part. A scuffle ensued, the police summoned.

“They ordered me to the back of the line,” Kalil said.

Nationwide, a similar shopping story unfolded as shoppers put down the turkey to take advantage of Thanksgiving deals.

Stores typically open in the wee hours of the morning on the day after Thanksgiving that’s named Black Friday because that’s when stores traditionally turn a profit for the year. But Black Friday openings have crept earlier and earlier over the past few years. Now, stores are opening their doors on Thanksgiving evening, hoping Americans will be willing to shop soon after they finish their pumpkin pie.

Retailers are hoping that the Thanksgiving openings will draw shoppers who prefer to head to stores after their turkey dinner rather than braving the crowds early the next morning. Overall, about 17 percent of shoppers plan to take advantage of Thanksgiving hours, according to an International Council of Shopping Centers-Goldman Sachs survey of 1,000 consumers.

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Gabriel Aubry and Olivier Martinez Involved in Brawl

Halle Berry's ex-boyfriend Gabriel Aubry and her fiancé Olivier Martinez were involved in a Thanksgiving altercation that turned physical, with Aubry having to be transported by ambulance to the hospital due to injuries, ET confirms.

Cops responded to a 9-1-1 call at 10 a.m. at Berry's house, and according to police sources, the fight broke out when Aubry was dropping off his daughter with Berry, Nahla, 4, to her house for Thanksgiving. Aubry reportedly initiated the altercation and was arrested for misdemeanor battery.

Related: Halle Berry & Gabriel Aubry's Custody Battle Heats Up

He will be booked when/after he is released from the hospital.

Related: Berry -- My Love for Olivier Was 'Gradual'

Just Wednesday afternoon, Aubry, Berry, Martinez and Nahla were all seen together attending a pre-Thanksgiving party in Los Angeles.

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Surf's up, Jennifer!

Playing the butt-kicking, arrow-shooting hero of “The Hunger Games” has certainly paid off! Jennifer Lawrence, known to fans as Katniss Everdeen, flaunts her toned bikini bod while surfing in Hawaii. The star, 22, was taking a break ahead of filming for the franchise’s sequel, “Catching Fire.”

Splash News

Jennifer Lawrence

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Black Friday in South Florida: Dispatches from the front of the line

5:45 AM Aventura Mall Macy's was open but the entrance to the mall from the department store was closed. The mall opens at 6. Customers could not get into the Mall from Macy’s before 6 and had to walk outside to one of the mall entrances. An employee and a security guard said that was a mistake. Cars started backing up on the mall perimeter road, but plenty of parking spaces were still available. Around the corner from the mall, three Aventura police cars, lights flashing, were stationed next to a sign warning drivers to wear a seatbelt or face a ticket.

3:20 AM Dadeland Mall Most shoppers are standing in line for coffee at Starbucks, eating Bourbon chicken from Kelly’s Cajun Grill, munching on a pretzel from Auntie Anne’s or taking a cat nap. Those leaving are carrying bags from Macy’s, the Disney Store,

Bath and Body Works, and Victoria’s Secret.

Maria Prado, the mall manager, said she is "very impressed" with the Black Friday turnout.

"This is a critical day for retail," Prado said, of Kendall. "We are in this business to cater to what shoppers want."

2 AM, Dadeland Mall The mall is still packed with people. Many of them are gathered in the Disney Store, Victoria’s Secret, Bath and Body Works and Macy’s. The Apple store, which had a line of nearly 150 shoppers waiting for the door to open at midnight, now only has a line of about 25 shoppers. Instead of opening at midnight, Apple is opening at 6 a.m.

At Victoria’s Secret, the security guard fell asleep standing while nearly 100 shoppers were making purchases. Husbands and infants slept outside of the store on brown couches.

12:30 AM, Dadeland Mall All retail stores were expected to open at midnight. But as of 12:30 a.m., neither the Apple store nor jewelry stores Tous or Mayors were open. Nearly 150 people were waiting outside of Apple.

According to Guest Services, stores that were not open by midnight would be fined.

Meanwhile, the rest of the mall buzzed with eager families and couples. Many shoppers were already sporting bags from Macy’s, Victoria’s Secret, Express and Abercrombie & Fitch.

12:06 AM, Dadeland Mall Dadeland Mall officially opened at 12 a.m., and by 12:06 a.m. a group of young girls were already walking out of the mall with Victoria’s Secret bags in hand.

As the doors opened at Abercrombie & Fitch, people shouted to get in. Some yelled "Hallelujah" as others tried to push their way through.

Friday, midnight, Sawgrass Mills After a moderate start, the pace picked up at Sawgrass Mills. By midnight the mall was packed. Human traffic jams made walking through corridors challenging. Parking lot spaces were gone by 11 p.m., and people were being sent to the BB&T center and shuttled over to the mall. Food courts were doing brisk business as shoppers grabbed a quick bite to refuel.

11:45 PM, Dolphin Mall, Gaspar Ferreiro headed to the mall Thanksgiving night to shop, and to sell. Waiting in line at the Swaroski jewelry store, the Georgia resident had a promotion of his own to offer. A sign hand-written in marker and hanging from a string on his back read: “FOR SALE WII DELUXE FOR $465.”

The hot new Nintendo video-game system sells for about $350. Ferreiro bought four when they went on sale this month, and he’s giving one to his kids. Now he’s reselling the rest at a mark-up to help pay for the one he kept. “If I make $70 [on each], that’s fine,’’ he said. “No need to take advantage of anybody.”

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What’s open and closed for Thanksgiving

Thursday is Thanksgiving. Here is a list of what’s open and closed for the holiday on Thursday and Friday.

Federal offices: Closed Thursday

State offices: Closed Thursday and Friday

Miami-Dade and Broward county offices: Closed Thursday and Friday

Miami-Dade and Broward courts: Closed Thursday and Friday

Public schools: Closed Thursday and Friday

Post offices: Closed Thursday

Stock markets: Closed Thursday, closing early Friday

Banks: Closed Thursday

Tri-Rail: Will run a weekend schedule Thursday

Miami-Dade and Broward transit: Will run a Sunday schedule on Thursday

Garbage collection: Normal schedule in most cities

Malls: Closed Thursday, many opening very early Friday

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