Glenroy Frank was on Monday acquitted of a child sexual activity charge at the Sexual Offences Court.He was found not guilty by a 12-member jury, which considered the evidence presented over a few days of trial and made its decision following about two hours of deliberations.Frank had been charged with engaging in sexual activity with a female relative in the county of Demerara. Guyana Times understands that the child was eight years old and the matter allegedly occurred in January 2013. However, the jury panel was of the view that Frank was not guilty despite the arguments presented by lead Prosecutor Narissa Leander and Seeta Bishundial and Orinthia Schmidt. Frank opted against legal counsel and defended himself during the trial. Justice Simone Morris-Ramlall presided over the Demerara High Court case.
CHARLESTON, S.C. — Texas Gov. Rick Perry joined the Republican presidential field Saturday and told supporters he would make the federal government “as inconsequential in your lives as I can” by reducing taxes and easing regulations. Perry announced his plans before an overflow crowd at the conservative RedState Gathering in South Carolina, an important early primary state. His entry came hours before the release of results from a straw poll in Iowa where the crowded field of candidates was competing. Perry’s name wasn’t on the ballot, though it could be written in.Shortly before the speech, Perry launched a campaign website and held a conference call with state activists. “I full well believe I’m going to win,” he told them.Perry used his speech to slam Washington and President Barack Obama for “rudderless” leadership and “an unbridled fixation on taking more money out of pockets.”Perry said one in six work-eligible people in the country cannot find full-time work. “That is not a recovery. That is an economic disaster.” He promoted his record of job creation in Texas and said he would have the same success as president.
The Dow ended at a record high on Friday, boosted by IBM, while a rebound in high-growth momentum names helped the broader market.Consumer discretionary shares also lifted the market, with the stock of Gap Inc (GPS.N) up 3.3 percent at $40.52 after the apparel retailer reported upbeat April sales and gave a profit forecast that surpassed Wall Street’s expectations. The S&P consumer discretionary index .SPLRCD was up 0.6 percent.Apple Inc (AAPL.O) was the biggest drag on both the benchmark S&P 500 index and the Nasdaq 100 .NDX on news that it is close to paying a record $3.2 billion for Beats Electronics, an expensive foray into music streaming and headphone gear, two people with knowledge of the matter said.Some analysts questioned whether Beats, valued at $1 billion during its last funding round in September, was worth that price. Apple shares fell 0.4 percent to $585.54.Momentum names advanced, with shares of Gilead Sciences Inc (GILD.O) up 1.3 percent at $79.76. Netflix Inc (NFLX.O) shares rose 2.1 percent to $328.55 after the company increased the price of its most popular video streaming plan by $1 a month.The gains came after a volatile week for those shares. The S&P 500 has alternated between gains and losses each day this week, and the Nasdaq has dropped for three straight sessions – its longest losing streak since early April – as Internet-related stocks came under pressure.Trading was mostly lackluster, with about 5.7 billion shares changing hands on the U.S. exchanges, below the 6.2 billion month-to-date average, according to data from BATS Global Markets.”The volatility and the decline in a lot of growth stuff is wearing people out,” said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. “There’s a lot of trader fatigue.”The Dow Jones industrial average .DJI rose 32.37 points or 0.2 percent, to 16,583.34, the S&P 500 .SPX gained 2.85 points or 0.15 percent, to 1,878.48 and the Nasdaq Composite.IXIC added 20.374 points or 0.5 percent, to 4,071.869.Shares of International Business Machines Corp (IBM.N) rose 0.6 percent to $190.08 and helped lift the Dow to a record close.For the week, the Dow rose 0.4 percent, while the S&P 500 dipped 0.1 percent and the Nasdaq fell 1.3 percent. This marked the Nasdaq’s biggest weekly percentage decline in a month.The Russell 2000 .TOY gained 0.9 percent. Early in the session, it flirted with correction territory, defined as a 10 percent drop from a recent peak. At its session low, the Russell touched 1,091.50, nearly 10 percent below its all-time closing high of 1,208.65 reached on March 4.Healthcare stocks rose, with shares of Merck (MRK.N) up 0.7 percent at $55.21 a day after U.S. health regulators approved a blood-clot prevention drug developed by Merck for use by patients who have had a heart attack or who suffer from blockages in the arteries of the legs. The S&P healthcare index .SPXHC was up 0.6 percent.Among the day’s big decliners, Rocket Fuel Inc (FUEL.O) shares tumbled 21.5 percent to $21.83 after the technology provider for Web-based video advertising forecast current-quarter revenue far below expectations, prompting downgrades from Goldman Sachs and BMO Capital.Advancers outnumbered decliners on the New York Stock Exchange by a ratio of about 17 to 13, while on the Nasdaq, nearly 17 stocks rose for every nine that fell.