Former Representatives of 'The Good Wife' Sue Julianna Margulies

Actress Julianna Margulies is facing a lawsuit from her former management team amid allegations she reneged on a deal to pay them commission.

'The Good Wife' actress, Julianna Margulies, is being sued by her former representatives amid allegations that she defaulted on the agreement that made it  perquisite on her part to pay 10 percent commission to her agents for any deal they brought to the actress.

Margulies hired D/F Management to represent her in 2009, and it is believed that they help her land two lucrative deals; first a lead role in American legal drama 'The Good Wife' ( for which she  won a Golden Globe) and another deal that got her the prestigious job of being a spokes model for the world's largest cosmetics and beauty company L'Oréal.

However, the star severed all the ties with the company in April 2011 and it is alleged that she also went back on her promise of handling them 10 percent commission. D/F Management is now demanding $420,000 (£262,500) allegedly owned by star in back payment as well as 10 percent commission for the above mentioned two deals as long as holds on to them.

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Chris Brown's 'Fortune' Debuts At Top Of UK Album Charts

R&B singer and rapper Chris Brown scored his first British number one album on Sunday as his new release 'Fortune' span to the top of the UK charts.

Despite poor critical reviews, R&B singer and rapper Chris Brown's fifth studio album 'Fortune' has found its way to the top of UK album charts. 

The 'I Can Transform Ya' hit maker latest offering has relegated American rock band Linkin Park's fifth studio album 'Living Things' to the third spot. Californian pop rockers Maroon 5 retained their No.2 spot with their fourth studio album 'Overexposed', and also  occupied the top position in singles chart with  'Payphone', featuring rapper Wiz Khalifa.

Occupying the fourth slot was British singer Ed Sheeran, while the fifth slot went to Emeli Sande's 'Our Version of Events'.

Elsewhere in the singles charts Brown's 'Don't Wake Me Up' gained one spot to reach the No.2 position. Previous week's number one 'This is Love' by rapper and Black Eyed Peas member Will.i.Am slid to number three spot. Rapper Flo Rida's Whistle maintained its   fourth position, while Stooshe's Black Heart rounded out the top five.

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Ronnie Wood Bags Two Awards at Arqiva Commercial Radio Awards

The Rolling Stones guitarist has repeated last year's success and bagged two awards for his radio show at the Arqiva Commercial Radio Awards.

Rolling Stones guitarist Ronnie Wood has repeated last year's success by winning two awards at the annual Arqiva Commercial Radio Awards, which debuted in 1985 and is organized by the industry body for commercial radio, RadioCentre.
The 65-year old guitarist, who is  a member of The Rolling Stones since 1975, received the specialist programme award along with the station of the year title in London for 'Absolute Radio show' and the best feature award for his weekly guest slot.

 While,the presenter of the year title was taken away by XFM's host Danny Wallace. Classic FM, the country's biggest national commercial station that is now in its 20th year, bagged the coveted Gold Award with judges praising its "creativity" and "innovation".
Global radio, the owner of Classic FM, bagged a number of prizes in advertising and sales categories even as it announced launching of two new channels that will go in air in September exclusively playing music videos.
Other prominent winners included LBC's Emma Barnett (newcomer of the year), and '21' hitmaker Adele, who won PPL (Phonographic Performance Limited ) award for most played UK artist, ending 'Take That' four year reign.  


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Facebook (FB), GM Trying to Forge New Relationship

After a high-profile split with GM, Facebook is negotiating again with the auto maker and is trying to prove that its ads do work. GM has not yet committed to a return.

New York, July 5 (SharewellNeswire.com) - Facebook (NASDAQ: FB) and General Motors Co (NYSE: GM) are back on the negotiating table after their high-profile falling out two months ago.

Facebook is trying to bring back GM to its fold as a paid advertiser. In May, the social networking company was dealt a big blow by GM when the auto maker said that paid ads on the social networking site had little impact on consumers’ car purchases. Just days before Facebook’s initial public offering, GM had stopped placing ads there. 

A reapprochement is now being worked out as the two sides are now holding discussions. Facebook, on its part, has shown its willingness to provide GM with better data on how their ads can turn into dollars in the same way as it does with other advertisers. However, it said that it will not provide any special treatment to GM.

Although, Facebook is trying to prove its usefulness to large companies such as GM, the auto maker has not yet committed to a return, saying that it will only consider engaging again if Facebook can better improve its effectiveness.

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'30 Rock' Alec Baldwin To Give Away USD1 M To New York Philharmonic

Alec Baldwin gifted $1 million to New York Philharmonic to honor Zarin Mehta, the outgoing president and executive director.

Looks like it has been a busy week for actor Alec Baldwin. The star best known for playing Jack Donaghy in '30 Rock', married his girlfriend of over one year Hilaria Thomas on Saturday in New York City. Then the actor decided to quit micro blogging site Twitter for the second time and now the news is floating that he has decided to donate $1 million to the New York Philharmonic.

Baldwin, who plays an egotistical television executive on the NBC sitcom, is also a  Philharmonic board member and hosts its radio show, 'The New York Philharmonic This Week'.According to the sources, the donation was made to honor Zarin Mehta, the outgoing president and executive director whose  12-year association with  Philharmonic comes to a close  after the 2011-2012 season.

Read More Here: New York Philharmonic

Asian Markets Get Boost over Data

Asian markets got a boost Monday on the strength of a rally by commodity stocks and despite continued weakness in the Chinese manufacturing sector.

Despite continued weakness in the Chinese manufacturing sector, a rally in commodity stocks boosted Asian markets that made small gains Monday.

 

 Two sets of data were released and investors were weighing the implications of both the sets of data. The official purchasing managers' index that was released over the weekend was at 50.2, being just above 50 and pointing toward a small rise in manufacturing activity even though it was the worst figure since November.

The other data from HSBC PMI concentrates more on small and medium-sized companies than the other official data. It was released on Monday morning and it showed a weakening in June to 48.2, compared to 48.4 in May and indicating a contraction in activity.


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Smith & Wesseon Reports 20 Percent Higher Net Sales

Smith & Wesson reported a record $412 million in net sales for the fiscal year ended April 30 and an increase in income from continuing operations to $26 million for the fiscal year.

A 20 percent increase in net sales, to a record $412 million for the fiscal year ended April 30, was reported by Smith & Wessen. It also reported an increase in income from continuing operations to $26 million, or 40 cents per diluted share, for the fiscal year.

The increase in sales and profit was attributed by the company’s Chief Executive to strong firearms sales, particularly its Military & Police (M&P) series of polymer pistols and sporting rifles. He also said that the sales of its gun maker's newly released M&P Shield, a compact polymer pistol has been spectacular.

The chief financial officer of the company said that by expanding capacity the company was able to pay off $30 million worth of debt with the help of an existing line of credit. Smith & Wesson’s fantastic performance had a contagious effect on another US gun maker, Sturm, Ruger & Co (NYSE: RGR), whose stock jumped 7.5 percent Friday.

For more details visit here: Smith & Wesseon