Carlyle takes on KKR in race for Reynolds and Reynolds: sources

NEW YORK (Reuters) – Private equity firms Carlyle Group LP and KKR & Co LP have emerged as the lead contenders to take over Reynolds and Reynolds, a software company hoping to sell itself for $ 5 billion, three people familiar with the matter said.

Dayton, Ohio-based Reynolds, which provides business management software for auto dealers in North America and Europe, had hired technology-focused investment bank Qatalyst Partners to run a sale, people familiar with the matter told Reuters in October.

The process has progressed and is now in its final stages, though no decision is expected before January, the sources said.

Reynolds may be sold to Carlyle or KKR for between $ 4 billion and $ 5 billion, less than the company had hoped, one of the people added.

The people spoke on condition of anonymity because the negotiations are confidential. Spokesmen for Reynolds, Carlyle and KKR declined to comment.

Reynolds sells software tools that allow car dealers to run their operations, including providing car dealer websites, digital advertising and marketing services, as well as data archiving.

Reynolds was founded in 1866 by Lucius Reynolds and his brother-in-law as a company that prints standardized business forms. It started to serve automotive retailers as major clients in the 1920s.

In October 2006, the company was acquired by Universal Computer Systems (UCS) for $ 2.8 billion. The merged company retained the Reynolds name and is currently headed by Chairman and Chief Executive Bob Brockman, who used to run UCS.

Brockman’s $ 2.8 billion buyout was funded primarily by a group of investors that included Goldman Sachs Capital Partners, the private equity arm of Goldman Sachs Group Inc, and Vista Equity Partners.

(Reporting by Greg Roumeliotis and Soyoung Kim in New York; editing by John Wallace)

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Samantha Barks Les Miserables Movie On My Own

Les Miserables opened across America last night, and according to box office estimates, $18 million worth of moviegoers sought out the French Revolution musical.

VIDEO - Why Les Miserables Terrified Hugh Jackman

Starring Hugh Jackman, Russell Crowe, Anne Hathaway, Amanda Seyfried, Eddie Redmayne, Helena Bonham Carter, Sacha Baron Cohen and Samantha Barks, the big screen incarnation of one of the longest running musicals in history was also equally loved by theatergoers, with them giving the film an "A" rating according to CinemaScore.

VIDEO - Inside The Cast's Miserables Physical Transformations

Much of the excitement stems from director Tom Hooper's decision to have all the actors sing live, as opposed to recording their performances months earlier, and lip-synching along on set. With over 25 songs to choose from (including Suddenly, an original composition Hugh Jackman sings as Jean Valjean), the lyrics linger in the air long after the movie ends. But what is your favorite performance from Les Miserables?

It's hard to argue with Samantha Barks' heart-breaking rendition of On My Own (which she previously performed at the 25th Anniversary concert and in the West End production from 2010 - 2011), while many have said Anne Hathaway's unedited performance of I Dreamed A Dream will not only snag her a Best Supporting Actress nomination, but a win as well.

So what was your favorite performance? Sound off below!

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See how the fiscal cliff will affect YOU

The edge of the fiscal cliff is in sight, but the White House and Congress are no closer to a deal to stop America from taking the plunge.

If there is no fiscal-cliff deal by New Year's and the Bush tax cuts are eliminated, this is how households paying federal income tax will be affected over various income levels:

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Case-Shiller: Home prices up 8.5 percent in South Florida in October over last year

Home prices in Palm Beach, Broward and Miami-Dade counties were up 8.5 percent in October from the same time last year, an increase that put them in fifth place for the highest annual gain on the Standard&Poor’s/Case-Shiller Home Price Index.

The index, released Wednesday morning, showed South Florida losing some ground in October from September, with prices dropping less than a percentage point. But index experts said price drops are typical during the fall months.

“Annual rates of change in home prices are a better indicator of the performance of the housing market than the month-over-month changes because home prices tend to be lower in the fall and winter than in spring and summer,” said David Blitzer, chairman of the index committee. “Looking over this report, and considering other data on housing starts and sales, it is clear that the housing recovery is gathering strength.”

The 20-city index composite showed a gain of 4.3 percent from last year. The Tampa market was up 5.9 percent.

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Memorial set for Ex-Florida governor candidate

A memorial service for Bill McBride, the Florida Democrat who defeated Janet Reno for the party’s gubernatorial nomination in 2002 but lost to Republican Gov. Jeb Bush, will be held later this week in Tampa.

The service is scheduled for 1 p.m. Friday at the Palma Ceia Presbyterian Church.

McBride suffered a fatal heart attack Saturday while visiting with family in Mount Airy, N.C. He was 67.

McBride defeated Reno, who was U.S. attorney general under President Bill Clinton, in the Democratic primary to run against Bush. Before entering politics, he was managing partner at the prestigious Holland & Knight law firm.

McBride’s wife, Alex Sink, was the Democratic nominee for governor in 2010, losing to now-Gov. Rick Scott. The couple lived outside of Tampa.

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Just got a new iPhone, iPad or Android device for Christmas? Gameloft cuts popular iOS and Android games to 99¢

Title Post: Just got a new iPhone, iPad or Android device for Christmas? Gameloft cuts popular iOS and Android games to 99¢
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Bo Obama Interrupts Michelle Obama Reading Twas The Night Before Christmas

Last night, Michelle Obama prepared to read 'Twas The Night Before Christmas to the patients at Children's National Medical Center in Washington D.C. and The First Family's dog Bo wanted to get a good seat. The best seat, in fact.

PHOTOS - The Sweetest Moments Between Michelle and Barack!

As Michelle sat down beneath the ornate Christmas tree, Bo hopped up on her lap as if there weren't hundreds of people watching (and as if the four-year-old was still the size of a puppy)!

"This is exactly what he does at home," the First Lady laughed. "He tries to beat Malia and Sasha to my lap."

Michelle forged ahead with gusto and you can watch the adorable scene play out in the video below!

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Two pet pooches pilfered

Two adorable dogs were stolen from their masters in separate incidents — with one still missing, leaving his 7-year-old owner heartbroken for Christmas.

Marley (pictured), little Mia Bendrat’s Cavalier King Charles spaniel, was stolen from in front of a Washington Heights grocery store yesterday morning.

“He’s the Grinch that stole Christmas,” Mia said of the coldhearted thief who swiped Marley, which was tied to a pole in front of La Rosa Fine Foods on Broadway.

“When my mom told me the dog was lost, I started to cry. He’s my only dog,” she said of the pet she got for Christmas two years ago from her grandmother.

Mia, and her mother, Angie Estrade, put up 150 fliers around their neighborhood in hopes of finding Marley.

“Who would do this on Christmas Eve?” Estrada fumed.

In an another puppy pilfering, thieves in a Williamsburg, Brooklyn, home invasion stole a 6-month-old Yorkshire terrier-Maltese, stuffed her in a bag and tossed it down a trash chute, sources said.

The dog was later rescued after the super heard her barking.

“Getting the dog back was a Christmas gift,’’ said her relieved owner, who asked that his name not be printed.

The 22-year-old man said two masked men, armed with pistols and a hammer, knocked on his door and forced their way into his home at around 3:10 a.m. Dec. 15.

Jennett Leandre, 23, was arrested and charged with assault, robbery, burglary and menacing.

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Miami: We’re still busiest cruise port

Florida’s ports are steaming bow-to-bow in the race to be the world’s businest cruise ship port.

Though some publications have reported Port Canaveral in the lead with 3,761,056 million for its fiscal year ending Sept. 30, PortMiami officials Monday said they had hosted 3,774,452 passengers during the same period, putting it slightly ahead. Fort Lauderdale’s PortEverglades reported 3,689,000 passengers for the period, putting it slightly behind the others in third place.

“We’re all very close,’’ said Paula Musto, PortMiami spokeswoman.

PortMiami has slipped below its previous high of 4 million plus passengers because of changing ship deployments, she said. That number is expected to again cruise past 4 million in 2013 as several new ships homeport in Miami.

Jane Wooldridge

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Lawyer takes child-support practice on the road

Her clients know her as “the child support lady with the cool truck.”

Chantale Suttle thinks that’s a pretty good description of her and her months-old business, DADvocacy.

For almost 20 years, she’s dealt with child support issues. In law school at the University of Miami, she interned in the child support office, and she went on to handle child support issues as a prosecutor, defense attorney and magistrate judge.

These days, she helps dads navigate the child support system from her mobile office: a bulletproof truck, wrapped with a photo of a man’s muscular, crossed arms, complete with a soundproof consultation room, sports magazines, sodas — and free diapers.

“We do not want to be fancy, golf-playing, mahogany-office kind of lawyers. I’m just a lady you come talk to about child support,” said 42-year old Suttle.

And for teen dads, she does it for free.

“I feel that’s when I can help them the most, and I feel that’s where being part of the child support system can be the most damaging to his future because of the credit bureau reporting,” Suttle said.

Older dads can get help for a flat fee.

Suttle drives the converted 22-passenger van herself. When it’s not parked outside of the child support courthouse at in Downtown Miami, Suttle motors throughout the county to speak at community events.

On a recent evening, the DADvocacy van was parked outside of the Girl Power community center, on Seventh Avenue just off I-95 in Miami. There, Fatherz in the Hood — an organization that provides training and resources for dads — organized an information session for parents frustrated with the child support system.

Suttle stood in front of a semi-circle of seated dads, both young and old, and schooled them about the child support system so that they, hopefully, would not have to see her for services.

Florida’s child support court is different from family court, where parents sort out divorce and domestic violence issues, she explained. Child support court deals only with issues related to collecting child support, which goes often goes directly to the state for social programs — not the mother.

Child support is based on “time-sharing” between parents, and fathers who spend more time with their kids may pay less child support.

“This system is supposed to reward good dads who spend time with their kids,” she told the Fatherz in the Hood group. “On this, we are light-years away from any other state.”

The dads at Fatherz in the Hood chuckled when, using an online calculator, Suttle showed them a huge drop in the amount of child support a dad would have to pay just by spending more overnight time with his kids. In one scenario, the mother actually ended up owing the father child support.

“Any of you know moms paying child support?” an amazed participant asked.

The dads shook their heads, “No.”

Another eye-opening bit of information that Suttle shares with all of her clients — whether they hire her or not — is how to use the Miami-Dade Clerk of Courts online filing system to check on their own cases’ status and any upcoming hearings. Her truck has a hotspot with internet access to check this information on the road, and she also checks to make sure she doesn’t have a conflict in the case — such as having ruled on any issues involving the mother while she served in her other legal roles.

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