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Sep 18, 201304:54 PM

Cheat Sheet: September 18, 2013

Navy Yard gunman’s mother says she is heartbroken and sorry for families

Cathleen Alexis, the mother of the Washington Navy Yard shooter, said today that she was heartbroken and sorry for the families of the victims and that she is glad he is “in a place where he can no longer do harm to anyone.”In a brief statement, she said that her son has “murdered 12 people and wounded several others” and that “his actions have had a profound and everlasting effect on the families of the victims.” President Barack Obama plans to attend a memorial service for the Navy Yard victims on Sunday. (Source)

BlackBerry to cut its staff by 40 percent

BlackBerry Ltd. is preparing to make deep staff cuts by the end of the year via layoffs that could cost up to 40% of its employees their jobs. The layoffs will cut across all departments and will occur in waves. They come as the once dominant smartphone maker looks for ways to get a handle on costs and shrink its operations to better fit a world in which competitors like Apple Inc. and Samsung Electronics Co. have eaten deeply into its market share. (Source)

Developer gets 4-year prison term in bank case

Dwight Etheridge, convicted of seven felonies in a scheme to defraud the failed Bank of the Commonwealth, was sentenced today to four years and two months in prison, far below the minimum of 27 years that federal prosecutors had requested. U.S. District Judge Raymond A. Jackson allowed Etheridge to remain free on bond another two weeks until he receives his designated prison assignment. Jackson ruled that Etheridge’s conspiracy was largely separate from the one committed by the bank officers, who were held responsible for the collapse of the bank and more than $333 million in losses. (Source)

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