Money Matters - Simplified


Money woes force cancellation of parade

Orlando, Fla. -- The 2010 Orlando Christmas Parade has been canceled because of money problems, organizers in Florida said.

Organizers said it will be replaced by a smaller event called the Santa Farewell Festival, the Orlando (Fla.) Sentinel reported.

"With better economic times ahead, the parade will hopefully return in 2011," parade producer Teri Boardman said. "Thank you to all past participants and parade supporters."

Boardman said dwindling sponsorship forced her to cancel the 2010 edition of the parade, which is not funded by the city.

"It all comes down to sponsors equal money to pay city [fees]," Boardman said.

'Glee' cast silenced by tonsillitis

Los Angeles -- Some cast members of Fox Television's hit show "Glee" were diagnosed with tonsillitis in Los Angeles, forcing cancellation of production, officials said.

Among the ill was Dianna Agron, who plays the show's head cheerleader, Entertainment Weekly reported.

The illnesses forced cancellation of Friday's taping and cast members who remained healthy got the day off.

Agron, Tweeting from her bed, said: "Note to self. Should have gotten a flu shot. In bed, hoping that medicine, soup, my computer and a marathon of movies will be the cure."

Cast member Lea Michele was in higher spirits, tweeting: "What a beautiful relaxing day! Went on an awesome hike and just (got) a massage! So happy it's the weekend!"

Fans try to halt Jackson autopsy program

Los Angeles -- A group of Michael Jackson fans is calling on the Discovery Channel to cancel plans to air a documentary on the late pop star's autopsy.

A petition drive has collected nearly 1,500 signatures from people who don't want the television special "Michael Jackson's Autopsy" to air as scheduled Jan. 13 in Britain.

TMZ said Saturday the organizers of the petition were disturbed by the program's graphic nature. The petition states, "We ask the directors of the Discovery Channel programming to proceed with the outright cancellation of this indecent documentary."

Jackson died suddenly in 2009 of cardiac arrest following an injection of painkillers and sedatives.

Copyright 2010 United Press International, Inc. (UPI).

Power outage resolved; Sharks to play

San Jose, Calif. -- A power outage in San Jose, Calif., that threatened to cancel Tuesday's NHL Sharks-Red Wings game has been fixed and the game will go on, officials said.

Silicon Valley Sports & Entertainment, managers of the HP Pavilion, said a power failure at the arena that began at 8:45 a.m. PST had been resolved, the Detroit Free Press reported.

The outage was "due to a problem with an on-site electrical switchgear," the company said in a statement.

"With the assistance of (Pacific Gas & Electric), the problem has been repaired," the statement said. "We do not expect the outage to have any impact on the Sharks/Red Wings game at 7:30 p.m. (PST) this evening."

Many of the Red Wings skipped a morning skate due to the outage.

Harrah's Entertainment cancels IPO

Las Vegas -- Las Vegas casino operator Harrah's Entertainment Friday said the time was not right for the initial public offering it had announced in October.

The company blamed "market conditions" and said it had canceled its IPO, The New York Times reported.

Harrah's had set the initial price between $15 and $17 per share, but that would not have raised as much as the company originally sought.

At the initial asking price, the company would have raised $531 million by selling 31 million shares, the Times said.

Had it followed through, Harrah's would have been listed as Caesars Entertainment Corp. on the Nasdaq index.

Copyright 2010 United Press International, Inc. (UPI).

Soccer violence cancels match

Genoa, Italy -- A clash between Serbian soccer fans and Italian police at a match in northern Italy sent 16 people to the hospital and led to the game being stopped.

The Euro 2012 qualifying match between Serbia and Italy in Genoa Tuesday was halted after just six minutes when a burning flare hit Italy's goalkeeper, Radio France Internationale reported.

There were clashes before, during, and after the match with some Serbian fans targeting Italian fans and local police, authorities said.

Violent football fans, many linked to ultra-nationalist organizations, have been an ongoing problem for Serbia, RFI said.

Italian newspapers were full of condemnation Wednesday.

Sports newspaper TuttoSport called it the "Shame of Serbia."

Japanese economist: 'No quick fixes'

Tokyo -- Market analysts said Monday's drop in Japan's Nikkei 225 was partly prompted by a canceled meeting between the prime minister and the Bank of Japan's governor.

The meeting between Prime Minister Naoto Kan and Masaaki Shirakawa was scratched in favor of a 15-minute phone call in which there was "absolutely no talk" of strategies to lower the value of the yen, which has recently risen to a 15-year high against the U.S. dollar, The New York Times reported Monday.

"The truth is, there are no quick fixes, but markets are disappointed that they got nothing at all," said Norio Miyagawa, an economist at Mizuho Securities Research and Consulting.

Sum 41 cancels concerts

Los Angeles -- U.S. rock band Sum 41 says it has canceled several dates on its Vans Warped Tour because lead singer Deryck Whibley is hurting after being attacked in Japan.

Sum 41, in a posting on its Web site Tuesday, said the band had expected to resume playing on the tour this week after having taken a break to play Summer Sonic festival dates in Japan.

"Unfortunately," the band said, "... Whibley was attacked in a random unprovoked incident in Japan last Thursday night, which aggravated a previous slipped disk injury that he sustained in 2007. After seeking medical attention, Deryck and band mates Steve Jocz, Cone McCaslin and Tom Thacker went on to play as part of the festival in Osaka and Tokyo."

Rain cancels St. Andrews charity event

St. Andrews, Scotland -- Heavy rain forced the cancellation of a four-hole charity event Wednesday at St. Andrews in Scotland, site of this week's British Open.

Thousands of fans who expected to watch golf legends compete in the Champions Challenge at St. Andrews were disappointed by weather that may be typical of the tournament's early rounds, The Scotsman reported.

Rains were expected to continue overnight Thursday but let up in time for the 6:30 a.m. tee-off of the Open's first golfers, with only light winds predicted.

After that, however, weather conditions were expected to worsen. Meteorologists predict that after a rainy morning Friday the notoriously windy course will be buffeted by gusts of up to 30 mph.

Reagan airport flooded, all flights canceled

New York, December 27 -- Officials at the Reagan National Airport canceled all flights into and out of the Airport Saturday, when a burst pipe caused flooding of the entire Terminal C.