City National Bank of Florida and its Spanish parent have four years to evaluate the Miami bank’s future ownership

City National Bank of Florida, the Miami bank purchased by Bankia (formerly Caja Madrid) of Spain in November 2008, said Wednesday that its parent has a “four-year window to evaluate alternatives” for the bank’s future ownership and will work closely with management in Miami during the process.

The Spanish government has reached and agreement with the European Union related to Spain’s financial system problems, which will result in a recapitalization of Bankia and other institutions, the bank said. The agreement calls for Bankia to sell non-core assets and its holdings outside of Spain so that Bankia will emerge with a solid capital position and be more focused on its core domestic business.

“Because City National Bank is so well capitalized, profitable and well positioned in the marketplace, we are going to take our time to fully evaluate all of our strategic alternatives,” City National Bank President and CEO Jorge Gonzalez said in a statement. “This does not impact our ongoing strategy of profitable growth and diversification or our commitment to the markets we serve. Our focus continues to be taking excellent care of our clients and employees. ”

City National, founded 65 years ago, has $4.32 billion in assets and 26 branches from Miami-Dade County to the greater Orlando area.

INA PAIVA CORDLE

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Weatherman conned by SoBe “Bar Girls” now has Twitter account hijacked by Playboy fiancée

A former TV weatherman who testified 12 days ago in a Miami federal courtroom that Latvian “Bar Girls” swindled him out of $43,000 on Miami Beach was back in the spotlight Tuesday over suggestive photos and tweets sent from his Twitter account.

John Bolaris, who was suspended from his job as a weather anchor for Fox affiliate WTXF in Philadelphia last year amid his allegations that as a tourist in South Florida in 2010 he was drugged and robbed, apparently was asleep Sunday when his fiancée Erica Smitheman drunkenly took over his Twitter account and promised to send out nude photos of herself, the New York Daily News is reporting.

The former Playboy model started her Twitter binge by writing: “Hello this is Erica…love John, he loves you all, I guess it’s ok if I send you all a naked photo or two…don’t tell my love.”

She continued to write suggestive tweets referring to her modeling past and hinting that she’d taken over Bolaris’ account while he slept, the newspaper reported.

“This is Erica, I did pose in Playboy…so what,” she wrote. “I will post my naked pictures…John has no clue... I am tweeting, he’s sleeping.”

Bolaris, who now appears on the Howard Stern radio show, has nearly 13,000 followers.

Smitheman did not post nude photos, only one suggestive one, but her offer caused a stir in the Twitterverse.

To read the New York Daily News story click here.

Bolaris last made headlines earlier this month in Miami when he testified about his misadventures in the hands of a Latvian crime ring, which used two beautiful women to lure him from a club and back to his hotel and in the process ran up his credit card, he said.

Here’s the story that ran in MiamiHerald.com on Nov. 16, the day after Bolaris testified in court:

More than two years after his “nightmare on South Beach,” former TV weatherman John Bolaris remains a little foggy about his close encounter with a couple of Latvian “Bar Girls” who swindled him for $43,000 in bogus booze charges billed to his AMEX card.

On Friday, Bolaris testified in Miami federal court that he didn’t have sex with them, though the thought crossed his mind after meeting the duo at the Delano Hotel in late March 2010. Bolaris, 55, was asked whether the B-girls suggested they go to his room at the Fontainebleau Hotel for a “threesome.”

“No, sir,” Bolaris told defense attorney Roderick Vereen. “In my right state of mind, I would not do that.” Vereen shot back: “What about in your intoxicated state of mind?”

Bolaris, who was fired last year from his job as a weatherman for FOX TV in Philadelphia, regaled a Miami jury with his tale of woe in the federal trial of four men who ran a ring of Russian-style clubs that fleeced Miami Beach tourists by deploying B-girls to seduce them.

The puppet master behind the alleged scam: admitted Russian mafioso Alec Simchuk, 46, a naturalized U.S. citizen who pleaded guilty to fraud and testified last month in the trial of his partners and associates.

In 2010, Miami Beach police and the FBI launched an undercover investigation into the B-girl network after Bolaris and other customers complained to their credit card companies about the outlandish bar tabs. A total of 18 defendants were charged in the fraud conspiracy.

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Nokia wins tribunal ruling on wireless patents

HELSINKI (Reuters) – Nokia has won its dispute with BlackBerry maker Research In Motion (RIM) over use of its patents related to wireless local access network (WLAN) technology, the Finnish company said on Wednesday.

Announcing that an arbitrator had ruled in its favor, Nokia said: “It found that RIM was in breach of contract and is not entitled to manufacture or sell WLAN products without first agreeing royalties.”

Nokia, which is trying to boost its royalty income as its phone business tumbles, said that it had filed cases in the United States, Britain and Canada to enforce the arbitrator’s ruling.

“This could have a significant financial impact, as all BlackBerry devices support WLAN, although the volumes are currently very low in these countries,” IDC analyst Francisco Jeronimo said.

RIM was not immediately available to comment.

Nokia said it signed a cross-license agreement with RIM covering standards-essential cellular patents in 2003; a deal that was amended in 2008. RIM sought arbitration in 2011, arguing that the license should be extended to cover WLAN patents.

Nokia, along with Ericsson and Qualcomm, is among the leading patent holders in the wireless industry. Patent royalties generate annual revenue of about 500 million euros ($ 646 million) for Nokia.

Based on a Nortel patent sale and Google’s acquisition of Motorola Mobility, some investors and analysts say that Nokia’s patent portfolio alone merits its current share price of 2.50 euros.

However, the patent market has cooled since those deals were made and industry experts say that fair value of patents in large portfolios is $ 100,000 to $ 200,000, pricing Nokia’s portfolio at up to 0.50 euros per share. ($ 1 = 0.7733 euros)

(Editing by David Goodman)

Tech News Headlines – Yahoo! News

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The Complete List: 'Dancing with the Stars' Winners

The Complete List: 'Dancing with the Stars' Winners

On Tuesday night, TV personality and former Bachelor contestant Melissa Rycroft became the latest Dancing with the Stars victor! Click through the gallery for a look back at all the previous mirror ball winners.

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Bus-crash horror kills boy, 6, in home

Wayne Carrington

LONG ISLAND NIGHTMARE: This Nassau County bus killed a Hempstead boy asleep in his bedroom last night.

A bus crashed into a home in Hempstead, LI, last night, killing a 6-year-old boy and injuring his 7-year-old brother — both of whom were sleeping peacefully inside.

“He was just in a bad spot,” said Hempstead Police Sgt. Mark Kirichenko, referring to the younger boy.

Eleven people on the bus and a pedestrian were also injured.

The tragedy occurred around 9:30 p.m. when the driver of a Nassau Inter County Express bus swerved to avoid striking a pedestrian, officials said.

The driver honked his horn three times, but the pedestrian continued crossing against the light, according to a police spokesman.

“He tries to avoid him and is forced to make a hard right turn, hops the curb and strikes the house,” the spokesman said.

José Antonio Villagran, 50, who lives in the Fulton Avenue home, said, “I was sleeping when suddenly, the big crash happened.”

“I heard a big boom and I thought it was the end of the world,” Villagran said.

He and another resident, Edgar Laso, saw the 6-year-old pinned by the bus and rushed to the child’s aid.

“Some of us tried to save the baby,” said Laso.

The boy, whose name was withheld, later died at Winthrop University Hospital in Mineola, cops said.

The victim’s older brother was also rushed to that hospital. A family friend said that boy’s injuries appeared minor.

The bus also hit the pedestrian — who was rushed to Nassau University Medical Center in East meadow in critical condition.

Carlos Lopez said he spoke to a witness who said the pedestrian had just left a 24-hour Laundromat when he was struck.

There were at least 20 passengers on the Route N70 bus when the accident occurred.

Police said that no criminality was suspected.

“NICE is cooperating with police officials, and has its own team investigating the incident,” a spokesman for the bus company said.

NICE was taken over by Veolia Transportation on Jan. 1 after Nassau County switched from the MTA, which had operated buses in the county for 37 years.

County Executive Edward Mangano decided on Veolia after the MTA said that Nassau needed to pay $26 million more for the bus services.

Nick Stein

Paramedics tend to one of the victims.

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Gift ideas for the techie on your list

The holidays are coming fast, and if you’re like me, you’ve probably gotten very little of your gift shopping done.

Here are suggestions for a variety of gifts for the techie and the not-so-techie people on your list.

Some of these items can be found in stores and some are only available online, but you should be able to order them in time for Christmas or Hanukkah.

IOMEGA EZ MEDIA & BACKUP CENTER

What is it? A hard drive that lives on your home network so you can share files, store all your photos and music and back up your home computers. Works on Macintosh, Windows and Linux computers.

The EZ Media & Backup Center is available in 1-, 2- and 3-terabyte capacities. It is simple to set up. It lives next to your home router and plugs into the network via Ethernet.

Major features include a built-in iTunes server so your music is available to all connected computers, Time Machine support for easy Macintosh backups and Iomega’s Personal Cloud to access your data from any Internet connection.

It can also stream your video files to your TV if you’ve got a compatible streaming box or an Internet-connected TV.

Software for backing up Windows PCs is also included.

Who’s it for? Any family that wants central storage for their digital lives. This is a great home for your digital photo, music or video library.

What does it cost? One terabyte for $169.99, two terabytes for $209.99, three terabytes for $279.99.

Where can you get it? Online at www.iomega.com, Amazon, Best Buy, Apple store, Fry’s.

NETATMO URBAN WEATHER STATION

What is it? A wireless indoor/outdoor weather station that displays through an application on your Apple or Android mobile device.

There are two parts, one that lives in your house and one you place outside.

The indoor component plugs into the wall and monitors the temperature, humidity, barometric pressure, carbon dioxide level and even the sound level in decibels.

The outdoor module is battery-powered and measures temperature and humidity.

Once you connect the Netatmo to your home Wi-Fi network, you can download the free app and see your weather stats from anywhere.

Setup was easy enough, and you can set the app to notify you when carbon dioxide rises to levels that you should be warned about — which is great.

Who’s it for? Weather geeks and people who like to know what the temperature is without having to fire up a browser.

What does it cost? $179

Where can you get it? www.netatmo.com

3M LED ADVANCED LIGHT

What is it? 3M’s first foray into the home light bulb market is with the LED Advanced Light, which uses light-emitting diodes (LED) to produce 800 lumens (the light of a 60-watt bulb).

The Advanced Light has a life span of 25 years and costs just $1.63 per year if it’s turned on for three hours per day.

The bulb lights instantly and is dimmable.

It’s a little intimidating to start buying light bulbs that might outlive me, but my wallet approves.

Who’s it for? Anyone who wants to save money or wants a bulb that might not have to be changed until 2035.

What does it cost? $25

Where can you get it? Select Wal-Mart stores. For more information, go to www.3mlighting.com/LED.

STEM IZON 2.0 WI-FI VIDEO MONITOR

What is it? A small, wireless video camera that you can monitor remotely with an iOS device.

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FPL’s request for nuclear energy costs gets OK

The Florida Public Service Commission Monday approved $151 million in advance nuclear costs for Florida Power & Light Co., the total amount the utility requested.

The unanimous vote means that a customer who uses 1,000 kilowatt hours a month will be charged $1.69 a month for the advance costs beginning in January, the PSC said. This year that customer is paying $2.20 a month.

The commission also approved $142 million in nuclear costs for St. Petersburg-based Progress Energy Florida.

FPL’s breakdown for the costs includes $20 million for two proposed new reactors, Turkey Point 6 and 7, in South Miami-Dade.

Roughly $131 million is for expansions of two existing reactors at Turkey Point and two at the St. Lucie nuclear plant on Hutchinson Island.

The costs were approved despite objections from the Southern Alliance for Clean Energy, which has said that FPL has failed to demonstrate its intent to actually build the new Turkey Point reactors.

“The PSC accepted all of the PSC staff recommendations issued earlier this month — an unfortunate trend of rubber-stamping that we have seen year after year in spite of major obstacles and pitfalls that have made new reactor proposals in Florida less and less feasible,” SACE executive director Stephen Smith said in a statement Monday.

The group’s challenge of the constitutionality of a Florida law passed in 2006 that allows utilities to recover nuclear costs for expenses such as reactor design and licensing before construction is awaiting a decision by the Florida Supreme Court.

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How Zero Dark Thirty Copied Bin Laden's Compound

Oscar-winning director Kathryn Bigelow reteams with her Hurt Locker screenwriter Mark Boal for Zero Dark Thirty, a chronicling of the hunt for Osama bin Laden, and the two opened up to Nightline about how they recreated bin Laden's compound.

VIDEO: Zero Dark Thirty Trailer

The filmmakers built a full-scale version of the compound in Jordan, and Bigelow says that everything from the carpet to the marks on the walls were taken from ABC News footage that she studied frame by frame.

"Everything we could find from that video we replicated," Bigelow said. "Every conceivable piece of information that we could find we replicated."

As to the controversy over whether or not the filmmakers received classified information to make the movie, Mark Boal says, "I certainly did a lot of homework, but I never asked for classified materials. To my knowledge I never received any."

Zero Dark Thirty, starring Jessica Chastain, Kyle Chandler, James Gandolfini, Chris Pratt and Jennifer Ehle, hits theaters January 11.

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Push to do the ‘rate’ thing

The City Council and city’s Taxi and Limousine Commission sparred yesterday over a new taxi design that eliminates printed fares from the sides of taxicabs.

Councilman James Vacca (D-Bronx), Transportation Committee chair, is pushing a bill to require the TLC to reinstate the printed fares, which the city dropped earlier this year.

“I think passengers have a right to know before they get in a cab what the fare would be,” Vacca said.

He also criticized the TLC for changing the iconic “Taxi” decal on cabs to a single “T” decal.

TLC officials testified yesterday at Vacca’s hearing that the printed rates are confusing and ugly and that TV monitors inside taxis will soon show riders the rates in real time during their rides.

That feature will be available when the taxi TV system is upgraded in February.

Since the final cost of a trip “is really a formula” that depends on traffic, per-mile fares “can be misleading” to passengers, said Ashwini Chhabra, a TLC deputy commissioner.

He added,“The fact is, we now have technology aids that we didn’t have back when the exterior fare markings were originally conceived.”

The TLC opposes Vacca’s bill, which the mayor is likely to veto, should it pass the council.

It is unclear if the bill has the necessary support from Council Speaker Christine Quinn to move forward.

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Shoppers welcome holiday sales by buying early, often — and online

Shoppers swooped into stores in droves on Thanksgiving weekend, topping last year’s sales, as more retailers opened their doors earlier than ever on Thursday, luring bargain hunters away from eating another plate of turkey.

And now Cyber Monday is expected to set a record for online shopping this year, for those who prefer the Internet to the mall.

Spending per shopper nationwide averaged $423 — $25 more than last year — from Thursday to Sunday, while total spending increased nearly 13 percent, to an estimated $59.1 billion, according to a survey by the National Retail Federation.

“I think the only way to describe the Thanksgiving openings is to call it a huge win,” said Matthew Shay, the trade group’s president and chief executive. Shopping, he said, “has really become an extension of the day’s festivities.”

South Florida was no exception, as a flurry of stores, as well as several malls, opened on Thanksgiving. Thursday has seemingly become the new Black Thursday, taking a bite out of the old-fashioned kickoff day of the holiday, Black Friday.

“We had an excellent weekend,” said Humberto Maldonado, director of marketing for Dadeland Mall, which opened at midnight on Thursday. Sales figures are not yet in, but the overall trend was up from last year, he said Monday.

“It was really busy from midnight to 5 a.m., then it slowed, and picked up again at 7 a.m. or 8 a.m., and stayed busy all day on Friday,” Maldonado said.

Nationwide, about 35 million people visited stores and shopping websites Thursday, up from 29 million last year. More than double that number — 89 million, up from 86 million — shopped on Black Friday.

“There were more people shopping every single day of the weekend,” Shay said.

Topping off the weekend, Cyber Monday’s early results, tabulated at 3 p.m. Monday, showed that online shopping was up a whopping 25.6 percent compared with the same time period a year ago, according to figures by IBM Benchmark.

Nationwide, most of the weekend’s shoppers — roughly 58 percent — bought clothing and accessories. Another 38 percent bought electronics and 35 percent shelled out for toys, National Retail Federation figures show.

Retailers made an effort to lure people in, with updated mobile shopping applications for smartphones and tablets, and expanded shipping and layaway options.

Still, it remains to be seen whether increased sales over the Thanksgiving weekend will translate to higher sales throughout the holiday shopping season. Analysts have been predicting mediocre sales this year, nationwide, as shoppers remain uncertain about the broader economy. Overall holiday sales are expected to increase 4.1 percent from 2011, compared with sales growth of 5.6 percent last year, the National Retail Federation said.

However, Florida is expected to beat those figures. Buoyed in large part by tourists and snowbirds, the Florida Retail Federation is forecasting a 5.3 percent gain this year over last, to $58 billion, marking the highest percentage growth predicted since the recession. Pre-recession, retail sales peaked at $54.3 billion in 2006.

Christian Cutillo, 26, of Weston, hit Walmart, then Sears, Target and Old Navy after eating Thanksgiving dinner.

She began at 7:30 p.m. Thursday and by 3 a.m. Friday she had finished shopping for all 15 people on her list, mostly buying clothing and toys.

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