Alyson Raletz[1] Reporter- Kansas City Business Journal Email[2] | Twitter[3] | Google+[4] | LinkedIn[5] A federal filing sheds some light on a six-month acquisition of two Kansas City Internet service providers. Last week, IceWeb Inc. (OTC: IWEB) announced it had closed on its purchase of Computers & Tele-Comm Inc[6]. and KC Nap LLC. IceWeb's CEO divulged no details on the long transaction, other than to call it "complex." RELATED: IceWeb snags two local ISPs in 'complex transaction'[7] A subsequent filing[8] with the Securities and Exchange Commission[9] shows IceWeb, a cloud storage software company and device manufacturer from Sterling, Va., paid off some of CTC's debt, entered into a $1.4 million lease agreement and picked up the companies in a stock exchange. Here's how the deal terms played out, according to the filing: • IceWeb bought all of KC Nap's and CTC's outstanding common stock in exchange for nearly 9.6 million shares of IceWeb stock, which traded for roughly 2 cents a share on Tuesday[10]. • IceWeb also retired debt from CTC and its prior owner, Wichita-based Streamside Partners LLC, amounting to $422,823 in exchange for nearly 13.5 million IceWeb shares. • IceWeb also entered into a three-month, $1.4 million lease agreement tied to the acquisition with Agility Ventures LLC, which received 1 million shares of IceWeb restricted common stock, plus a common stock warrant covering 3.675 million shares with a two-year term and conversion price of 55 cents a share. Alyson reports about technology/telecommunications, entrepreneurship and sustainability. References^ Alyson Raletz (feeds.bizjournals.com)^ Email (feeds.bizjournals.com)^ Twitter (twitter.com)^ Google+ (plus.google.com)^ LinkedIn (www.linkedin.com)^ Computers & Tele-Comm Inc (www.bizjournals.com)^ IceWeb snags two local ISPs in 'complex transaction' (www.bizjournals.com)^ subsequent filing (www.sec.gov)^ Securities and Exchange Commission (www.bizjournals.com)^ which traded for roughly 2 cents a share on Tuesday (finance.yahoo.com)...

Patty Tascarella[1] Senior Reporter- Pittsburgh Business Times Email[2] | Twitter[3] | Google+[4] | LinkedIn[5] After Greg Jordan was named general counsel at PNC Financial Services Group Inc.[6] (NYSE: PNC), it was never a question if Reed Smith LLP[7] would be led by a new global managing partner based outside Pittsburgh. It was simply a matter of when. Now that question has been answered — in less than two weeks, Alexander Thomas[8], the firm’s global chairman of litigation who is based in its Washington, D.C., office, will take the reins Jordan, who joins PNC on Oct. 15, said he recommended Thomas to be his successor, and Reed Smith confirmed he was the unanimous choice of its executive committee. “Greg made it his business to grow leaders within the firm and I’ve been happy to be included in that effort,” Thomas said. “To be a little more current, I talked to Greg less than a week ago about his decision to take the position at PNC and he then made his recommendation to the executive committee and it did its thing over the course of this week as it’s dictated under our partnership arrangement.” Jordan called Thomas “a great choice” to lead the firm. “Sandy is the best of the best and while his home isn’t in Pittsburgh, he is just an absolutely terrific leader for the firm,” Jordan said. “He is well aware of the history of Reed Smith and the significance of it. At the same time, there is an inevitability of having a managing partner who didn’t work in the Pittsburgh office. Once you start down the expansion path we’ve been on in the law-firm world, talent rises to the top and not all of it’s in Pittsburgh.” Reed Smith, founded in Pittsburgh in 1877, has been describing itself…

Stephen Kennedy Danny Ludeman, head of Wells Fargo Advisors, will retire Jan. 1, 2014. Mark Calvey[1] Senior Reporter- San Francisco Business Times Email[2] | Twitter[3] | LinkedIn[4] | Google+[5] Wells Fargo Advisors[6] said Friday that Danny Ludeman[7] will retire on Jan. 1, to be succeeded by Mary Mack[8], who has been with the bank and its predecessors for almost 30 years. Ludeman has led the nation's third-largest retail brokerage firm for almost 15 years. Wells Fargo Advisors has 15,000 advisers and manages more than $1 trillion in client assets. He led Wachovia Securities for nearly a decade before Wachovia merged into Wells Fargo in 2008. Prior to Wachovia, Ludeman worked at Wheat First Securities, which Wachovia predecessor First Union bought. "Under Danny's leadership, we have created a premier brokerage and advisory firm," said David Carroll[9], head of Wells Fargo's (NYSE: WFC) wealth, brokerage and retirement business. Reuters reported Friday that Ludeman's decision to retire at just 56 came as a surprise to some. The news service quoted one adviser who said Ludeman and his wife were moved by their experience of living for a week on a budget of about $30 when he chaired a local United Way campaign a few years ago. "He became much more passionate about family, openly talking at a broker events and personally about the importance of it," the broker told Reuters. The fact that his comments left an impression on his troops offers some insight into life on Wall Street, in my opinion. The anecdote reminds me of the time I sat down with one of the biggest names on Wall Street, who didn't work at Wells Fargo. The executive shared with me one of his business cards doctored up by his young daughter, who had crossed off the fancy title and written, as…