Muralitharan looks to play till 2013-14

first_imgLegendary Sri Lankan spinner Muttiah Muralitharan today made it clear he will continue to play cricket for another three years as he felt fit enough to feature in Indian Premier League and English county circuit.”I think my body is good enough to play cricket for another three years. I would like to play IPL and some county cricket in England. I have received some offers (from the counties) but can’t disclose them at this moment,” he said.Muralitharan was speaking at a felicitation function by his IPL team Chennai Super Super Kings here for taking 800 Test wickets.In a media interaction later, Muralitharan said that he had agreed to former Indian captain Anil Kumble’s offer to join him in starting an academy but refused to disclose the details of the venture.Asked whether he would play in next year’s World Cup in the sub continent, Muralitharan said, “It is still too early.I want to see how I play in the Champions League Twenty20 and then decide on the World Cup,” the 38-year-old Muralitharan said.Sanjay Manjrekar, who anchored the function, requested scribes before opening the floor for a question answer session not to pose questions on the match fixing allegations in Pakistan’s ongoing England tour.However, Muralitharan did answer a question on the issue, saying it is for the Pakistan Cricket Board and its English counterpart to deal with the situation and decide.”These are only allegations and I wouldn’t like to comment on these matters,” he said.advertisementMuralitharan said Harbhajan Singh has the best chance of reaching the 800 figure mark but he could not predict whether the Indian off-spinner would achieve the feat or not.”Harbhajan is only 29 and statistically it is possible for him to reach 800. But it is up to the bowler and I can’t predict anything. You should have the hunger to achieve anything,” he said.Manjrekar and former India captain S Venkataraghavan hosted a group discussion as part of the function.Tamil Nadu cricketers of Chennai Super Kings — Subramaniam Badrinath, Lakshmipathy Balaji, Ravichandran Ashwin, Anirudha Srikkanth and Shadab Jakati — and operations director V B Chandrasekar recalled their experiences with their famous colleague in IPL events.Venkatraghavan, part of the famous Indian spin quartet of yesteryears, showered praise on Muralitharan and discussed the finer points of spin bowling.Venkatraghavan presented Muralitharan a Super Kings team shirt with the number 800 printed on the back and Sri Lankan star immediately wore it on the stage.last_img read more

Sachin is a mammoth of world cricket: Strauss

first_imgMany an adjective has been used to describe Sachin Tendulkar in a career spanning more than two decades and England skipper Andrew Strauss added another one, calling him a mammoth of world cricket.Strauss was all praise for Tendulkar, who scored his 47th ODI ton while batting against England at the M Chinnaswamy Stadium in Bangalore on Sunday.”He is one of the mammoths of world cricket for the last two decades,” Strauss had told reporters ahead of India-England clash in Bangalore.”The fact that he has been doing that for so long and so consistently is a great testament to his preparations,” he added.Strauss also acknowledged that there is hardly any negative point in Tendulkar and said he is a true legend. “There are normally no negative words that you can say about Tendulkar. He is absolutely a great legend,” Strauss said.In the 2003 World Cup and was honoured for making most runs (673).last_img read more

IPL auction: Gowtham Krishnappa sold to Rajasthan Royals for Rs 6.2 cr,IPL auction: Gowtham Krishnappa sold to Rajasthan Royals for Rs 6.2 cr

first_img× VVS Laxman, Virendra Sehwag and Ashish Nehra on the sidelines of the IPL auction 2018 (Photo: PTI) VVS Laxman, Virendra Sehwag and Ashish Nehra on the sidelines of the IPL auction 2018 (Photo: PTI) SHARE SHARE EMAIL January 28, 2018 Indian fast bowler Jaydev Unadkat claimed a whopping Rs 11.5 crore deal with the usually thrifty Rajasthan Royals, while Australia pacer Andrew Tye fetched a Rs 7.2-crore deal from Kings XI Punjab on day two of the IPL players’ auction here.While Unadkat and Tye enjoyed big pay day, 17-year-old Sandeep Lamichhane made history by becoming the first cricketer from Nepal to be bought in the auction with Delhi Daredevils picking him up for Rs 20 lakh.After leggie Rashid Khan took home Rs nine crore on the opening day, another Afghanistan spinner Mujeeb Zadran, all of 16 years, was richer by Rs four crore when KXIP made the winning bid for the teen sensation.Zadran has already played for Afghanistan at the highest level and is currently part of the U-19 World Cup squad in New Zealand. His teammate in New Zealand, Zahir Khan, went to Rajasthan Royals for Rs 60 lakh.KXIP and RR went into the auction with the biggest purse having retained only one player. RR continued spending big on day two and KXIP too was not far behind.The Royals, known for their wise spending, splurged some more to also clinch Karnataka off-spinner Krishnappa Gowtham for Rs 6.2 crore.Unadkat became the costliest Indian buy at the auction so far with his price skyrocketing to Rs 11.5 crore from a base price of Rs 1.5 crore after a bidding war between Chennai Super Kings and Kings XI Punjab. Rajasthan Royals, however, had the last laugh.Unadkat was sought after because of his specialist T20 skills and the fact that he took 24 wickets at 13.41 for Rising Pune Supergiant last season.Royals had also made the auction’s most expensive buy yesterday, picking up England all-rounder Ben Stokes for Rs 12.5 crore. Their another costly purchase was offie Gowtham, who was sold for 31 times his base price of Rs 20 lakh.Teams continued with their strategy of going after the Indian players. Bowling all-rounder Washington Sundar was sold to RCB for Rs 3.2 crore, Punjab pacer Sandeep Sharma went to Sunrisers Hyderabad for Rs 3 crore, Kings XI Punjab used Right to Match to retain Mohit Sharma for Rs 2.4 crore, Jharkhand spinner Shahbaz Nadeem was bought back by Delhi Daredevils for Rs 3.2 crore and Mohammad Siraj was picked up by RCB for Rs 2.6 crore.Like yesterday, KKR targeted the budding talent, picking up another India U-19 performer Shivam Mavi for Rs 3 crore after buying Kamlesh Nagarkoti and Shubman Gill on day one.At a base of price of Rs 50 lakh, CSK got a bargain in South African pacer Lungi Ngidi. However, there were no takers for big international names such as Dale Steyn, England’s Eoin Morgan and New Zealand’s Corey Andersoncenter_img COMMENTS SHARE COMMENT Published onlast_img read more

ICC World T20 2012: Powerhouse West Indies clinch trophy

first_imgThe tournament, hosted by Sri Lanka, arrived in the sub-continent for the first time after editions in South Africa, England and West Indies. The format was changed – all the teams were divided into four groups and the top two from each group moved into the Super Eights. The top two from each of the two Super Eights groups moved into the semi-finals.India were one of the favourites to win this tournament but they were undone by Shane Watson’s blistering knock. India had earlier defeated Afghanistan and England and thereafter crushed Pakistan and beat South Africa in a humdinger. But that was not enough to get them through to the last-four.It was the West Indies all the way with their power-hitters and super athletic fielders that set up a final clash against hosts Sri Lanka. Much to the dismay of the home crowds, the West Indies defended a paltry score of 136, thanks to Sunil Narine’s 3/9.last_img read more

Photo: Here’s the No. 1 RB In The 2016 Class, Kareem Walker, Posing With The Heisman Trophy In An Ohio State Jersey

first_imgKareem Walker poses with Heisman Trophy.Kareem Walker is the No. 1 running back in the 2016 and he’s committed to play at Ohio State. You probably don’t remember him committing, Buckeye fans, because he made his pledge during your team’s College Football Playoff National Championship Game. It’s understandable. The 6-foot-1, 210-pound back out of Wayne, New Jersey, is ranked the No. 9 player in the country by 247 Sports’ Composite Rankings. He’s talented enough to become one of the best running backs the Buckeyes have ever had – and they’ve had plenty. Former Ohio State greats Archie Griffin (1974, ’75) and Eddie George (1995) both won the Heisman Trophy during their time in Columbus. Could Walker become the third running back in Ohio State history to win the award (or, possibly, the fourth if Ezekiel Elliot takes it home in 2015)? Here he is posing in a Buckeye uniform with the trophy. Tb #BuckeyeNation #Heisman pic.twitter.com/gqMKyEFW26— AlⓂ️ightyReem (@_KareemWalker) January 19, 2015Ohio State currently has five commitments in the 2016 class – one five-star (Walker) and four four-stars.last_img read more

Enhanced Supports for Child Care Discussed

first_imgNova Scotia children and families can look forward to significantnew supports for child care, said Community Services MinisterDavid Morse following talks with the federal government. Mr. Morse attended a meeting of his provincial and territorialcounterparts and federal Social Development Minister Ken Drydenin Vancouver on Friday, Feb. 11, where a new five-year plan forchild care was discussed. “We addressed the main points of a new agreement that wouldprovide significant new funding and maintain the flexibility weneed to improve child care in our province,” said Mr. Morse.”Helping families access quality care is a priority, and we wantto provide child-care centres with the support they need toensure this important service is available. One of our primary goals is to work, with long-term federal support, toward quality child care that is accessible to all Nova Scotia families, at an affordable cost.” The new agreement and funding details will be finalized followingthe federal budget in February. Nova Scotia currently has a number of early learning and child-care programs in place that provide subsidies to low-incomefamilies, enhancements to salaries of child-care professionalsand resources that help centres include children with specialneeds. New federal funding will complement and enhance existingprovincial investments in regulated early learning and child-careprograms for children under age six. “We are now working with our partners in child care to help usachieve our goals and we look forward to building on our existingsupports,” said Mr. Morse.last_img read more

Ola invests in Avail Finance to build financial solutions for driverpartners

first_imgNew Delhi: Cab aggregator Ola has a signed strategic partnership with online lending startup Avail Finance under which both companies will build financial solutions for 1.5 million driver-partners of the ride-hailing firm. As part of the tie-up, Ola has invested an undisclosed sum in Avail Finance. Earlier this month, Avail had announced raising USD 9 million funding led by Matrix Partners India. “Avail Finance has entered into a strategic partnership with Ola to build financial solutions for its base of 1.5 million driver-partners. As part of this partnership, Ola will be making a strategic investment in Avail Finance in its series A round of funding,” Avail said in a statement on Friday. Also Read – Maruti cuts production for 8th straight month in Sep Ola’s investment – which is part of Avail’s series A round – is in addition to the USD 9 million announced already. It, however, did not disclose the quantum of investment made. Avail aims to build customised financial solutions for Ola, including micro-savings and micro-insurance products for the Bengaluru-based company’s driver-partners, the statement said . “We already have close to a million registered users through our various offerings and have processed requests of over USD 50 million. This strategic partnership will further help us expand our offerings to a large, growing base of users with very unique needs,” Avail Finance founder Ankush Aggarwal said. Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to Customs Avail’s portfolio of new-age financial solutions are very relevant for Ola’s large and growing base of driver-partners, Ola Chief Operating Officer Puneet Bhirani said. “We are constantly looking at ways to enhance their quality of life and we see this partnership with Avail, helping our partners with access to financial offerings that are tailored to their needs,” he said. Avail Finance provides unsecured online loans, amongst other financial solutions, to blue-collared workforce of India. Its offerings serve users across food-tech, logistics and staffing majors including Swiggy, Ecom Express and Quess Corp, among others, the statement said.last_img read more

A Russian chasing the Canadian NHL dream to Tillsonburg

first_imgIvan Bondarenko came to North America to play hockey six years ago. That’s not too special, a bunch of kids do that every year. But Ivan kept chasing his dream through five leagues, well below the big-time, and long after the NHL became an all-but-impossible goal. He ended up toiling in Tillsonburg, Ontario in the Greater Metro Hockey League. And he still hasn’t given up.Why do kids like Ivan give up their family and life to chase their hockey careers in Canada — even when they live in proud hockey nations like Russia and Finland to begin with? What happens when you arrive in the middle of nowhere at age 15, with no English, a vivid dream of stardom…and nothing else? Millions of Canadian kids have NHL hopes, but very few have given up as much in their pursuit of it as this kid from Russia. And…what the hell is the GMHL, anyway?GUEST: Gare Joyce, Sportsnet.caAudio Playerhttp://media.blubrry.com/thebigstory/s/radio.pmd.rogersdigitalmedia.com/podcasts/thebigstory/tbs_03252019.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.You can subscribe to The Big Story podcast on iTunes or Google Play.You can also find it at thebigstorypodcast.ca.last_img read more

Hunger Campaign Featuring Viola Davis Raises More Than 55 Million

first_imgThe Safeway Foundation and the Entertainment Industry Foundation (EIF) announced they have raised more than $5.5 million through customer donations to Hunger Is, a joint charitable initiative designed to raise awareness and funds to end childhood hunger in America.Viola Davis Joins Safeway Foundation and Entertainment Industry Foundation to End Childhood Hunger.Now in its second year, the campaign raised funds throughout April 2015 in a month-long, in-store fundraiser in more than 1,600 Safeway and Albertsons stores across the U.S. Additional funds continue to be generated through online donations at HungerIs.org. This national campaign encourages individuals and communities to get involved in solving this widespread problem that too often goes unnoticed. According to the USDA, one in five children in America lives in a household without consistent access to adequate or healthy food. Three out of five public school teachers in kindergarten through grade eight classrooms report that they regularly see children coming to school hungry.Through 2015, Hunger Is continues to be supported by award-winning actress and ambassador Viola Davis, who has shared her compelling personal story about growing up hungry, not only publicly, but in the initiative’s public service announcements that appear on television, in print, online, and out-of-home media.“I am so thrilled with the ongoing success of this critically important initiative. Millions of children continue to go to bed hungry every night and continue to arrive in school hungry every day. This is a national problem and is not what the future generation of Americans deserves,” Davis shared. She went on to say, “I am grateful to everyone who continues to give childhood hunger the attention it deserves and to give so generously. We have the opportunity to change so many young lives for the better and I look forward to the day when this is no longer an issue in our country.”“We are grateful to all of the Albertsons, Safeway, Jewel-Osco, Vons, Tom Thumb and Randalls customers, who recognize they can make a difference in the lives of children,” said Christy Duncan Anderson, executive director of The Safeway Foundation. “We appreciate the exceptional results so far in 2015 as we continue our Hunger Is efforts in collaboration with the Entertainment Industry Foundation and Viola Davis, who is a passionate champion in the fight against childhood hunger.”Thus far, Hunger Is has awarded grants to 214 organizations throughout 20 states across the country. Funds raised through the campaign will support efforts to fight childhood hunger, to increase access to healthy foods and improve health-related and education outcomes.The work of Hunger Is and award of grants is supported by the Hunger Is Advisory Committee comprised of leaders from the most respected hunger advocacy organizations in the U.S., including The Center for Hunger Free Communities (Drexel University); Feeding America – the nation’s leading domestic hunger-relief charity; Children’s Hospital Oakland Research Institute, the internationally renowned biomedical research institute focused on pediatric health; the Food Research and Action Center (FRAC) – the leading national nonprofit organization working to improve public policies and public-private partnerships to eradicate hunger and malnutrition in the U.S.; Growing Power, the national nonprofit organization and land trust helping to provide equal access to healthy, high-quality, safe and affordable food for people in all communities; New York City Coalition Against Hunger which operates the national hunger hotline and sponsors the nationwide Anti-Hunger and Opportunity Corps AmeriCorps VISTA program operating in 32 states; No Kid Hungry – a campaign which connects kids in need with nutritious food and teaches their families how to cook healthy, affordable meals; and WhyHunger, supporting grassroots solutions to end hunger and poverty by connecting people to nutritious and affordable food. The committee provides guidance in defining and addressing needs and makes funding recommendations for approval by The Safeway Foundation and EIF Boards of Directors.“We are so thankful for the generous support for this campaign from the Albertsons, Safeway, Jewel-Osco, Vons, Tom Thumb and Randalls customers, employees and the general public throughout the U.S., who agree that providing our children with the fuel they need to succeed is a priority,” said EIF President & CEO Lisa Paulsen. “Hunger is too widespread in every county in America, rural to urban. Too many kids are not getting the nutrition they need to reach their full potential, and we’re privileged to work with The Safeway Foundation to engage communities across the country in helping to change that.”More information about the issue is available at HungerIs.org, along with simple ways for individuals to donate.last_img read more

Jordan Launches 56 Airstrikes on Islamic State

Rabat- Jordan says it launched 56 airstrikes on the strongholds of the so-called Islamic State (IS) in Syria as part of a three-day offensive. Jordanian pilots have carried out intensified aerial bombardment against IS fighters following the brutal execution of pilot Moaz al-Kasasbeh on Tuesday.Jordan has launched 56 airstrikes against the Islamic State weapons depots, training centers and military barracks after the group released a video earlier this week showing the execution by immolation of a Jordanian pilot.“We achieved what we were looking for: revenge for Moaz,” air force chief, Gen. Mansour al-Jabour was quoted by Associated Press (AP) as saying. “And this is not the end. This is the beginning, he added. Al Jabour said that coalition planes have flown 5,500 sorties since the beginning of the air campaign, including 2,000 reconnaissance flights. He also said that Jordan’s air force participated in 946 sorties.The general said about 7,000 Islamic State group militants have been killed since the beginning of the coalition airstrikes.Jordan, Saudi Arabia, Bahrain, Morocco and the United Arab Emirates are part of the US-led coalition aiming at curbing the advancing of the militants who took over swaths of land in northern Iraq and Syria and declared a “caliphate”. read more

Securities commissions defend nameandshame lists despite long list of unpaid penalties

CALGARY — It turns out that publicly shaming violators of provincial securities laws is an exceptionally poor way of collecting unpaid penalties but some Canadian regulators say they will continue to operate the websites anyway.In the five years since the Ontario Securities Commission launched its “delinquent respondents list,” a website page designed to expose violators of securities law who haven’t paid their fines and other sanctions as ordered, only 16 of 432 names have been removed — 13 because they paid up and three because they’ve started payment plans.Similarly, two years after the Alberta Securities Commission announced it was posting the names of violators of securities laws who don’t pay, a total of eight debts for about $525,000 have been collected.That leaves almost half a billion dollars owed by nearly 600 names since 2005 between the two lists as of June.Not even the commissions agree on whether the sites are effective, fair or worthwhile — only five of the 10 provincial bodies use them.“Fining somebody and banning them from the markets — when they weren’t operating in the markets in the first place legitimately, and fining them when you know they’re never going to pay — doesn’t really do much,” said Marian Passmore, director of policy for the Canadian Foundation for Advancement of Investor Rights.She said her organization would like to see more criminal proceedings in financial crimes such as fraud.“Putting them in jail, there’s a real deterrent.”Canada’s provincial securities commissions concede that many people sanctioned for scams, pyramid schemes, dishonest marketing or simply failing to follow provincial financial procedures won’t pay their penalties.But they say naming them online is worthwhile because it offers vital information to investors and is a low-cost way to encourage at least some violators to pay up.“It’s kind of a name-and-shame that puts miscreants under the spotlight,” said James Sinclair, general counsel for the OSC, Canada’s largest securities regulator.He said the commission is trying to work with police to put more fraudsters in criminal courts where they face possible jail sentences.It has also launched a new program to use an outside legal firm to pressure people to pay. And it has recently forced three companies with outstanding unpaid sanctions into bankruptcy, he said.“There’s no guarantee any of this will work — we have respondents who regularly lie about their assets, hide them offshore, put them in their wives’ or children’s names, making it all the more difficult to go after them,” Sinclair said, conceding that the OSC’s budget to enforce collections is limited.Likewise, securities violators who can escape to another jurisdiction or change names to start a new venture likely don’t care if their names are sullied on securities commission websites.However, those who stick around say the shaming does cause real hardship.Two men named for unpaid sanctions — both small business owners — contacted by The Canadian Press would speak only on the condition of anonymity, explaining their reputations can’t take any more damage by being mentioned in this article.“I’m trying to get my life back together. This is going to follow me to my obituary,” said one, adding his securities violation record pops up whenever a new business contact Googles his name.“It’s a process and I’m stuck in that process,” said the other. “I just want to make myself solvent and good and be able to come out of all of this.”In Ontario, Alberta and Saskatchewan, names on the unpaid orders lists are erased when the debt is paid, but in British Columbia and Nova Scotia, the names remain and the agency adjusts the status from unpaid to partly paid or fully paid when money comes in.“I think it’s important out of fairness that it’s publicly known the respondent has paid the sanction,” said Doug Muir, director of enforcement for the B.C. Securities Commission, who said its list has existed for more than 10 years.The B.C. commission’s roster of unpaid respondents has climbed by 122 names to 328 in the past five years while its paid list has grown by just 59 names to 454. It said it could not provide a dollar value for either category.In Quebec, meanwhile, the Autorite des Marches Financiers is currently evaluating adding a delinquent accounts website page, said spokesman Sylvain Theberge. He said the AMF first wants to ensure such a page will better inform investors — and result in a collections boost.Follow @HealingSlowly on Twitter. read more

Access sought for Indians to visit Katchatheevu church

Citing the news report that Sri Lanka is allowing only the Jaffna bishop, army, and navy officials for the ceremony, the Minister said he is trying to ensure that at least a few people from India participate in the event. (Colombo Gazette) After Sri Lanka reportedly told its fishermen that no one, except the bishop of Jaffna, army, navy officials and the person who built the new St Antony’s church at Katchatheevu islet would be allowed to attend the consecration ceremony on December 7, India’s Union Minister of state for road transport, highways and shipping Pon Radhakrishnan, said that he has contacted officials of the Ministry of External Affairs regarding this, the Times of India reported.Many fishermen from Rameswaram wish to attend the ceremony. In his statement, Pon Radhakrishnan pointed that fishermen pilgrims from both countries take part in the annual festival of this church. He added that he is in touch with officials from the Ministry of External Affairs on this issue. read more

Home building in Canada beats forecasts

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in November picked up compared with October.The seasonally adjusted annual rate of housing starts in Canada was 215,941 units in November, up from 206,753 in October.Economists had expected an annual rate of 198,000, according to Thomson Reuters Eikon.The increase in the overall annual rate of housing starts came as the pace of urban starts increased by 2.2 per cent in November to 202,054 units.The annual rate of urban multiple-unit projects such as condominiums, apartments and townhouses grew 3.9 per cent to 151,596 units, while single-detached urban starts fell 2.3 per cent to 50,458.Rural starts were estimated at a seasonally adjusted annual rate of 13,887 units. read more

Simcoe BIA election called

The weeks ahead promise to be ones of renewal for the Simcoe BIA.Jim McGimpsey, general manager of the BIA, has tendered his resignation.Meanwhile, long-serving members are prepared to hand over the reins if that is what the BIA membership wants.“I’ve been on this board for over 20 years and that’s enough,” BIA vice president Brendalee Englehardt told Norfolk council Tuesday.“It’s time for the younger people to step up.”Norfolk council has studied the Simcoe BIA with some urgency in recent weeks in response to rising discontent among the membership and increasing calls to disband its board of directors.Questions have been raised in recent months about the BIA’s effectiveness and whether the body has lost touch with its membership.Council approved a number of measures Tuesday it hopes will renew confidence in the BIA and its mission, which is to promote and beautify downtown Simcoe and – in the process – increase consumer traffic in the core.Key to rejuvenating the BIA is establishing a democratic process for selecting its board of directors.In years past, this has been as simple as the BIA general manager and Norfolk council’s representative submitting a list of interested parties for council’s approval.Some members are no longer satisfied with this.Instead, council will throw the floor open to nominations for two weeks. Once the window for nominations closes, business owners or their designates will have two weeks to cast ballots for their preferred candidates.The number of directors sitting on the Simcoe BIA has varied over the years. The most recent list of nominees – which council rejected last week – had nine names in all.Council members have briefly discussed disbanding the Simcoe BIA but quickly agreed this would be short-sighted. Council believes the BIA can be a catalyst for downtown revitalization if reconstituted in a manner that the membership will support.“There have been people who have lost trust,” Mayor Kristal Chopp said. “Our job is to get it back and rebuild that trust.”Englehardt said she felt badly about allegations that the Simcoe BIA had become a closed shop run by a few, select insiders. A former long-serving president of the board, Englehardt said nothing could be further from the truth.“There was no intention on our part to keep anyone away from our table,” Englehardt said. “That was patently untrue. We want to get people involved.”The routine in recent years has been to replace the Simcoe BIA once a new Norfolk council is seated. The process is normally completed in January but May is nearly over and a new Simcoe BIA has not been installed.“BIA” stands for “business improvement area.” There are more than 300 BIAs in Ontario. All are constituted as arm’s-length agencies of the municipality with a mandate to promote and improve their downtown areas.Funding for BIAs is drawn from a special levy imposed on properties in the BIA zone. The Simcoe BIA’s budget in 2018 was $204,000.MSonnenberg@postmedia.com read more

TSX lower as upbeat bank earnings fail to impress Wall Street also

TORONTO – The Toronto stock market pulled back slightly Thursday as traders appeared to take a negative view of details behind otherwise upbeat earnings reports from most of Canada’s big banks.The S&P/TSX composite index closed down 3.47 points at 15,107.00 despite earnings reports now from five of the country’s six largest banks, all of which have beat analyst expectations. The last of the Big Six, Scotiabank (TSX:BNS), reports Friday.However, analysts have pointed out that most of the earnings have come from the banks’ capital markets business, which many view as less sustainable than those derived from personal and commercial banking.Banks reporting Thursday included CIBC (TSX:CM), which almost tripled its net earnings in the second quarter, and Royal Bank (TSX:RY), which boosted net earnings 14 per cent. Both saw their share prices improve marginally.TD (TSX:TD) said its net profits fell seven per cent but, after stripping out one-time items that included a $337-million restructuring charge, it joined the other two in beating expectations on adjusted profit. Still, its stock fell 61 cents, or 1.09 per cent, to $55.37.Shares of the Bank of Montreal (TSX:BMO) and National Bank (TSX:NA), both of which reported a sharp increase in profits on Wednesday, also declined marginally on Thursday.The loonie was up 0.16 of a U.S. cent at 80.42 cents.In commodities, traders put the brakes on three days of declines in oil prices as the July contract for benchmark West Texas Intermediate crude gained 17 cents to US$57.68 a barrel. However, the important TSX energy sector was still down 0.06 per cent.The metals and mining sector was also a drag, down 0.45 per cent as July copper slipped a fraction of a penny to US$2.77 a pound. The gold sector was the leading advancer as August bullion gained $2.30 to US$1,188.80 an ounce.In New York, the Dow Jones industrial average was down 36.87 points at 18,126.12, while the Nasdaq lost 8.61 points to 5,097.98 after soaring to a record high close Wednesday and the S&P 500 gave back 2.69 points to 2,120.79.Observers said Wall Street traders appeared to be put off by disquieting news from overseas that began with a big sell-off in China that saw the Shanghai Composite plunge 6.5 per cent.Also top of mind was the Greek sovereign debt crisis as traders continued to get mixed messages about a possible deal between Greece and its creditors. Failure to secure such a deal could lead to Athens defaulting on its debts, with knock-on effects for the euro and the world economy.In economic news, Statistics Canada reported the country’s current account deficit widened to $17.5 billion in the first quarter, driven largely by the collapse in oil prices. That was much worse than the revised $13.1-billion deficit in the fourth quarter of 2014, but better than the consensus forecast of an $18.6-billion deficit.— With files from The Associated Press by Brian McKenna, The Canadian Press Posted May 28, 2015 6:44 am MDT Last Updated May 28, 2015 at 6:10 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email The TSX ticker is shown in Toronto on May 10, 2013. The Toronto stock market pulled back in early trading as oil prices weakened and financial stocks found little motivation from Canadian bank earnings. THE CANADIAN PRESS/Frank Gunn TSX lower as upbeat bank earnings fail to impress; Wall Street also retreats read more

Taking stock of riot damage

first_img Facebook Twitter: @NeosKosmos Instagram Municipal workers started on Monday sweeping up piles of rubble and broken glass caused by the widespread rioting and looting that broke out during an anti-austerity demonstration that was hijacked by self-styled anarchists. The smell of tear gas hung in the air as city officials sought to assess the damage wreaked on dozens of shops and buildings by arsonists and vandals. The police said 74 people had been arrested, with another 92 briefly detained in spot inspections, and that 104 officers had been injured in the riots. The ambulance service said dozens of people had been injured. Around 45 buildings, nine of which are listed, including two cinemas, banks and cafes, were seriously damaged in arson attacks. About 150 stores were vandalized and looted. The Athens Chamber of Commerce and Industry said the damage to was worth “tens of millions of euros.” “Most will probably never open again,” it said of the affected businesses. Angry Athenians were to hold a candlelight vigil outside the gutted premises of the historic Attikon cinema last night to protest the tactics of a few hundred rioters who ruined a large and peaceful demonstration. Claiming that the riots were part “an organized plan,” Citizens’ Protection Minister Christos Papoutsis called for “self-restraint and calm at a difficult time for the country.” “The sacrifices being made by the people and the measures being taken by the government create the conditions for intense social unrest,” he said. “For this reason we must all be calm, serious and responsible. The situation also requires citizens to participate. No one can achieve anything on their own.” The leader of conservative New Democracy Antonis Samaras was harsher in his assessment. “They wrecked the city. They wrecked businesses. They intentionally chose traditional buildings and burned them,” he said. “These scumbags should be aware that when the time comes, I will pull off their hoods.” Source: Kathimerinilast_img read more

Greek man arrested after discovery of antiquities hoard

first_img Facebook Twitter: @NeosKosmos Instagram More than 1,000 antique coins and dozens of weapons have been seized during a raid on a residence in Imathia, northern Greece, police this week.During the raid in the village of Alexandria, police found 1,061 copper coins, the majority of which have been identified by experts as dating from the 3rd-1st century BC, the Byzantine period and the Ottoman Empire.The haul also included 30 silver coins from the same periods, 16 copper rings and other Byzantine and post-Byzantine era jewellery, as well as a collection of 16 revolvers and rifles.The owner of the property, a 72-year-old man who has been charged with antiquities smuggling in the past, was arrested.Source: Ekathimerinilast_img read more

Women Earn More Than Men In Hasbros Ms Monopoly

first_imgStay on target Voice-Activated Monopoly Game Eliminates Human Banking Error’IT’-Themed ‘Clue’ and ‘Monopoly’ Are Coming for Creepy Game Nights There is nothing inherently sexist about Monopoly: Women and men can, in equal measure, buy properties, pay income taxes, and get thrown in jail.Yet Hasbro (perhaps ashamed of the board game’s old-white-man mascot) has introduced the franchise’s first-ever title celebrating female trailblazers—starting with Ms. Monopoly.The yin to real-estate mogul Rich Uncle Pennybags’ yang, Ms. Monopoly is “an advocate whose mission is to invest in female entrepreneurs.”Hasbro took a page from its own rule book, surprising young female inventors and entrepreneurs with more than $20,000 in real money (none of that colorful one-sided crap).The young innovators come from very different backgrounds, but all share a common goal to help others.Sophia Wang: The 16-year-old from Connecticut invented a device that detects sinkholes before they occurGitanjali Rao: The 13-year-old from Denver designed an inexpensive, portable device that quickly and easily detects lead in drinking waterAva Canney: The 16-year-old from Ireland built a spectrometer to measure the amount of dye in candy and soda“Through the introduction of Ms. Monopoly and the money these young women have received to invest in their future projects, we want to recognize and celebrate the many contributions women have made to our society and continue to make on a daily basis,” Jen Boswinkel, senior director of Hasbro’s global brand strategy and marketing, said in a statement.Hitting shelves this month, the new romp replaces houses with business headquarters and properties with innovations.“From inventions like WiFi to chocolate chip cookies, solar heating and modern shapewear, Ms. Monopoly celebrates everything from scientific advancements to everyday accessories—all created by women,” according to a Hasbro press release.It even affords women fictional advantages typically reserved for men: When ladies pass “Go,” they collect $240; gents are cut off at the usual $200.But as Forbes pointed out, the game maker’s goal should be equality, not asymmetry.“Women don’t need constant reminders of our lot in life or to be told we only won because the rules gave women an unfair advantage,” contributor Kim Elsesser wrote. “We get enough of that at work.”Ironically, Hasbro neglects to mention one very important female inventor: Lizzie Magie, the women who all but invented Monopoly.In the early 1900s, Magie created The Landlord’s Game, aimed at illustrating the negative aspects of concentrating land in private monopolies.Thirty years later, Charles Darrow pinched the rules, distributed the pastime himself, and became the first millionaire game designer in history.Ms. Monopoly is available to pre-order via Walmart, and will be available at most major retailers nationwide for $19.99.More on Geek.com:Voice-Activated Monopoly Game Eliminates Human Banking ErrorGo Ahead, Cheat in Special Edition Monopoly Game‘IT’-Themed Clue and Monopoly Are Coming for Creepy Game Nightslast_img read more