OW Bunker Investors Sue Morgan Stanley and Carnegie

first_imgzoom A consortium of 24 Danish institutional investors is launching legal action against the issuing banks Morgan Stanley and Carnegie in the action for prospectus liability for OW Bunker that went bankrupt in 2014.Specifically, the investors claim that they suffered a loss of DKK 767 million (USD 123 million) following their investment in shares in OW Bunker on the basis of the prospectus which was deemed “insufficient in material aspects.”“The consortium has decided to extend the group of defendants to include the issuing banks Morgan Stanley and Carnegie. This decision is based on new information in extensive exhibits from the bankruptcy estate, which we were given access to only this spring. We believe that the banks knew about OW Bunker’s speculative activities and that the banks contributed to misleading investors. Against this background, we believe that they may be liable to pay damages,” Tomas Krüger Andersen, Head of Legal, Investments, ATP said.The company filed for bankruptcy only six months after its IPO.In December 2014, a number of Danish institutional investors, including ATP, PensionDanmark and Danske Invest, among numerous others, launched an investigation into OW Bunker’s bankruptcy with the purpose of determining whether there was a basis for claiming legal liability.“The investigation focused on errors and deficiencies in the prospectus prepared in connection with the IPO of OW Bunker, liability in connection with the offer and sale of shares in OW Bunker as well as management liability in connection with the operation of OW Bunker,” ATP noted.Based on the conclusions of the investigation, in early April 2016, the Danish institutional investors brought legal proceedings with a view to obtaining compensation and determining responsibility. The action is pending before the Danish Eastern High Court.The latest legal dispute is just part of the legal saga OW Bunker got entangled in since going under.In July 2017, a former director of a Singapore subsidiary of the bankrupt fuel supplier was charged by Danish prosecution office for a breach of trust worth over DKK 800 million (USD 122 million).The prosecution office initiated an extensive investigation into the circumstance surrounding the demise of the OW Bunker Group in November 2014.The investigation found that there were grounds for initiating criminal proceedings against the former director of a Singaporean subsidiary of OW Bunker Group, along with the management representatives from the Danish parent company OW Bunker A/S.To remind, the company’s financial demise was prompted by an alleged fraud committed by senior employees in its Singapore-based subsidiary Dynamic Oil Trading (DOT).last_img read more

Report Maersk Eyes LandBased Acquisitions

first_imgzoomImage Courtesy: Maersk World’s largest shipping company Maersk is reportedly targeting acquisitions on land to bolster its logistics operations as part of the group’s transformation from a conglomerate to an integrated global container logistics company.“The future will be very much about scaling the land side of the equation . . . We for sure have to do some acquisitions in the logistics space, primarily to gain capability and scale,” Søren Skou, Maersk’s Chief Executive Officer, is quoted by the Financial Times as saying.As reported, potential acquisition candidates are likely to include trucks, warehouses and other important segments of the supply chain management, but the company would refrain from making multi-billion deals and go after bolt-on acquisitions.The key reason behind taking a disciplined investment approach is in line with Maersk’s desire to reduce its debt at a time when operating costs, led by high bunker prices, exert high pressure on the company’s earnings.The remaking of Maersk Group is expected to last between three to five years. For the transformation to be completed, Maersk is yet to finalize the separation of its energy business, as structural solutions are still being sought for Maersk Supply Service.Namely, in November 2018, Vincent Clerc, Maersk’s Executive Vice President, said the group would not finalize the sale of its Maersk Supply Service business, which was expected to be completed by the end of the year.As part of its energy business separation drive, earlier this year Maersk announced its spin off of Maersk Drilling as a standalone company on Nasdaq Copenhagen in 2019.Furthermore, Maersk is in the middle of its integration process of the German liner company Hamburg Süd, which was acquired in November 2017.Danish shipping major said that since the integration is progressing faster than planned the company expects synergies from the merger to reach at least USD 500 million by 2019.World Maritime News Stafflast_img read more

Archives Launches Extensive Second World War Exhibit

first_imgOn the 70th anniversary of Canada’s entry into the Second World War, Nova Scotians can explore Halifax in wartime through a new online feature presented by the Nova Scotia Archives. East Coast Port: Halifax in Wartime, 1939-1945 is a collection of seven virtual exhibits containing more than 5,800 historical photos, film clips, and print material documenting the lives of ordinary Nova Scotians living with war on their doorstep. “During the Second World War, residents of Halifax lived with the constant threat of danger,” said Percy Paris, Minister of Tourism, Culture and Heritage. “East Coast Port captures the lives of Haligonians before, during, and at the end of the war, so that we may not forget the sacrifices made at home and overseas.” Between 1939 and 1945, no other community in Canada was more involved in, or more marked by, the events of war than Halifax. The city was the principal staging point in Canada for the war in Europe. For security reasons, it was not named in radio and newspaper coverage, but was instead identified only as “an East Coast port”. “We are pleased to present the story of Halifax during those six long years,” said provincial archivist Brian Speirs. “The visual material featured in East Coast Port gives anyone with Internet access an opportunity to explore the look-and-feel of Halifax during wartime.” The seven virtual exhibits showcase different aspects of the wartime city through archival material. Topics include what Halifax looked like on the eve of war, wartime censorship and convoy movements, women and families responding to the war, and entertaining the troops. A separate section of online film clips includes footage of a German U-Boat being captured off Shelburne and coverage of the VE-Day Riots in Halifax. Additional information on East Coast Port: Halifax in Wartime, 1939-1945 is available at www.gov.ns.ca/nsarm/virtual/eastcoastport/. Nova Scotia Archives and Records Management acquires, preserves and makes available the province’s documentary heritage.last_img read more

TriCounty Womens Centre to Offer Expanded Sexual Assault Nurse Examiner Service

first_imgTri-County Women’s Centre will soon offer expanded sexual assault nurse examiner service to residents of southwestern Nova Scotia, the Annapolis Valley, and the South Shore. The group has signed a three-year contract with Nova Scotia Health Authority to provide expanded service in these areas, following a request for proposals issued in mid-April. Under the sexual assault nurse examiner program, the first of two specially trained nurses will respond within 1.5 hours, around the clock. This happens most often at the request of emergency departments but sometimes at community clinics. The nurses can perform a physical examination, ensure forensic evidence is protected in case the victim decides to make a criminal complaint, and provide crisis intervention and emotional support. Bernadette MacDonald, executive director of the Tri-County Women’s Centre, said a program co-ordinator will also reach out to those who have been sexually assaulted days and weeks afterward, to support them if they choose to report the assault to police, and offer counselling or other community supports as needed. “We all know about the low numbers of sexual assaults that are reported. This is a very good model to help victims of sexual assault come forward. It’s responsive to their needs,” said Ms. MacDonald. Over the coming months, the group will hire nurses to respond on call across the region. They will train the nurses, develop agreements with service locations and community support groups, and set up protocols and training with emergency department staff. Expanded service is expected to begin in January. The province will invest $700,000 per year to expand service in this area, as well as Cape Breton. “Expanding the sexual assault nurse examiner service in southwestern Nova Scotia, the South Shore and the Annapolis Valley means that more people will have access to expert care at a time when they are most vulnerable,” said Municipal Affairs Minister Zach Churchill, on behalf of Health and Wellness Minister Leo Glavine. Sexual assault nurse examiners are specially trained to provide crisis intervention, medical care and emotional support to those who have been sexually assaulted. This support is available to anyone who has been sexually assaulted, of all gender identities and sexual orientations. “This expansion of service is a positive enhancement to the services we are able to offer to those who experience sexual assault,” said Lindsay Peach, vice-president of Integrated Health Services Community Support and Management, Nova Scotia Health Authority. “We are pleased to be able to work with these community partners in establishing expanded access to the sexual assault nurse examiner service.” There are two groups offering provincially funded sexual assault nurse examiner service in the province — the Avalon Sexual Assault Centre, which provides service in the Halifax area, and the Antigonish Women’s Resource Centre and Sexual Assault Services Association, which covers New Glasgow to Port Hawkesbury. The expansion of the Sexual Assault Nurse Examiner Program is part of Breaking the Silence: A Coordinated Response to Sexual Violence in Nova Scotia, the first provincewide sexual violence strategy launched in June 2015.last_img read more

Réponse du gouvernement au rapport du Conseil pour lamélioration des conditions en

first_img Le rapport du Conseil pour l’amélioration des conditions en salle de classe peut être consulté en ligne au www.ednet.ns.ca/fr/classroomcouncil. 3,7 millions de dollars pour l’ajout de 30 nouveaux sites de prématernelle où des programmes d’apprentissage précoce seront offerts aux enfants de quatre ans dans les écoles, pour en faire un total de 38 à l’échelle de la province 1,8 million de dollars pour offrir des services communautaires et des services de santé mentale à un plus grand nombre d’enfants et de jeunes, élevant l’investissement total dans le programme ÉcolesPlus a 8,2 millions de dollars 1,4 million de dollars pour l’embauche d’un plus grand nombre de psychologues scolaires et d’orthophonistes 1,1 million de dollars pour l’expansion du programme scolaire de petit déjeuner offert par Nourish Nova Scotia pour servir 5,5 millions de petits déjeuners sains et nutritifs à l’échelle de la province cette année un million de dollars pour doubler l’investissement dans les initiatives de programmation et de compétences informatiques pour les élèves de la maternelle à la 12e année 1,1 million de dollars pour poursuivre l’expansion du programme d’intervention préventive en lecture et en écriture à 73 écoles supplémentaires Le ministère de l’Éducation et du Développement de la petite enfance a reçu le rapport du Conseil pour l’amélioration des conditions en salle de classe, aujourd’hui 28 avril, et procédera immédiatement à la mise en œuvre des recommandations. Le conseil a affecté 9,3 millions de dollars de son budget pour l’embauche d’au moins 139 nouveaux enseignants afin de mettre en œuvre ses recommandations. Les recommandations incluent le plafonnement de la taille des classes à 28 (avec la flexibilité d’inclure jusqu’à 30 élèves) pour le premier cycle du secondaire et les écoles intermédiaires à l’échelle de la province, et à 30 (avec la flexibilité d’inclure jusqu’à 32 élèves) pour le deuxième cycle du secondaire, l’embauche de 40 enseignants-ressources supplémentaires pour un projet pilote au premier cycle du secondaire et à l’école intermédiaire en vue d’aider les enseignants responsables des mathématiques et de la littératie à gérer les classes qui incluent un nombre élevé d’élèves ayant des besoins spéciaux, ainsi que la création d’un projet pilote accordant des subventions de 50 000 $ aux écoles prioritaires ayant les classes les plus complexes. Le gouvernement fournira un montant correspondant d’un million de dollars au projet pilote des subventions aux écoles prioritaires. Les écoles prioritaires sont celles dont les résultats aux évaluations provinciales en mathématiques et en littératie indiquent qu’elles ont besoin d’un appui supplémentaire. « Le plafonnement de la taille des classes, en plus des mesures prises par le conseil pour aborder la question des classes complexes, aura un impact positif dans nos salles de classe, déclare Karen Casey, ministre de l’Éducation et du Développement de la petite enfance. Les conseils scolaires entameront immédiatement l’embauche des enseignants nécessaires pour la mise en place de ces ressources d’ici au mois de septembre. » Au total, le conseil a formulé 40 recommandations à l’intention du ministère et des conseils scolaires, et à sa propre intention. En plus du plafonnement et des classes complexes, les recommandations touchent l’appréciation du rendement et l’évaluation, l’assiduité, la collecte de données et la production de rapports, les journées de bulletin, ainsi que la technologie et les processus de travail. « Je remercie les membres du conseil pour leur travail extraordinaire. Je sais qu’ils ont consacré beaucoup de temps à se pencher sur ces enjeux complexes, affirme Mme Casey. Avec ce rapport initial, ils ont établi un programme ambitieux, et mon ministère collaborera avec eux pour atteindre notre objectif commun d’améliorer les conditions en classe pour les enseignants et les élèves. » Les éléments annoncés au budget hier qui auront un impact positif sur les salles de classe incluent : last_img read more

Hong Kong police arrest five after new night of clashes

first_imgHong Kong: Five people were arrested during overnight clashes in Hong Kong between riot officers and anti-government protesters, police said Monday, as the political violence rocking the international hub shows no sign of abating. The city has been plunged into its worst crisis in recent history following a month of huge marches as well as separate violent confrontations with police involving a minority of hardcore protesters. The rallies were sparked by a now-suspended law that would have allowed extraditions to mainland China, but have since morphed into a wider movement calling for democratic reforms and a halt to sliding freedoms in the semi-autonomous territory. Also Read – Imran Khan arrives in China, to meet Prez Xi Jinping Sunday night saw fresh political violence break out in the district of Mongkok as police baton-charged small groups of masked, largely young protesters who were walking along roads and refused to disperse following another massive, peaceful rally earlier in the day. In a statement issued early Monday morning, police said the group were taking part in an “unlawful assembly” and had been warned that officers would take action. “Some protesters resisted and police arrested five persons for assaulting a police officer and obstructing a police officer in the execution of duties,” the statement said. Also Read – US blacklists 28 Chinese entities over abuses in Xinjiang Activists hit out at the police tactics, saying the protesters in Mongkok had remained peaceful as they made their way home and that violence was started by a shield wall of riot officers that had blocked the crowd’s path. “HKers joined rally peacefully… against extradition bill result in being beaten and assaulted by HK Police,” democracy activist Joshua Wong wrote in a tweet accompanying pictures of at least two protesters with bleeding head wounds. “Just another example of excessive force used by the police,” he added in another tweet. Public anger has soared against the city’s pro-Beijing leaders and its police force after officers used tear gas and rubber bullets to disperse protesters outside parliament last month. Since then the chaos has only escalated. Last Monday, anger peaked as hundreds of youth-led demonstrators successfully stormed and trashed the city’s parliament. Those unprecedented scenes — and renewed huge marches — have failed to persuade the government, whose sole concession so far has been to suspend the loathed extradition bill. Protesters are demanding the bill be scrapped entirely, an independent inquiry into police use of tear gas and rubber bullets, amnesty for those arrested, and for the city’s unelected leader Carrie Lam to step down. They have also demanded authorities stop characterising protesters as “rioters”, a definition that carries much steeper jail terms. Beijing has thrown its full support behind the embattled Lam, calling on Hong Kong police to pursue anyone involved in the parliament storming and other clashes. Despite repeated requests, police have not released a breakdown of how many people have been detained in the last month of protests. A tally kept by AFP shows at least 72 people have been arrested but it is not clear how many have been charged.last_img read more

Man dies after falling from truck taking part BC Canada Day parade

first_imgABBOTSFORD, B.C. – A man is dead after falling from the back of a pickup truck that had driven in a Canada Day parade in Abbotsford, B.C.Police say the man had been riding in the back of a Dodge Ram pickup truck, which had recently left the Canada Day parade procession on Sunday afternoon.They say he fell from the truck and was struck by the trailer it was pulling, sustaining serious injuries.Police did not give the man’s age or say where he was from, but said he was taken to hospital and did not recover.The driver of the pickup truck remained on scene and is co-operating with police, who are conducting an investigation.Abbotsford police offered their condolences to the family and friends of the man who was killed.last_img read more

Montréal rallies around shelter to try and keep its doors open

first_imgTom Fennario APTN National NewsPeople in Montréal are rallying behind a day shelter that serves many of the city’s Indigenous homeless.The shelter Open Door must find a new home, or close.tfennario@aptn.calast_img

Floods in western Kenya prompt UN to provide emergency relief

11 November 2008The United Nations humanitarian wing has dispatched an emergency team to western Kenya, where floods following heavy rainfall have forced more than 7,000 families out of their homes and submerged entire villages. The Office for the Coordination of Humanitarian Affairs (OCHA) reported that its staff are working with Government officials and non-governmental organization (NGO) aid partners to assess the needs of the displaced families.The emergency team is working with its aid partners in the towns of Eldoret and Kisumu to assess the available relief stocks and is also supporting national and district authorities to set up an aid pipeline to ensure the relief response is coordinated.The flooding is worst in Budalangi district of Western province, near the border with Uganda, where the Nzoia River burst its banks yesterday after heavy rains upstream, breaching dykes and submerging villages. Budalangi is prone to flooding each year and over 28,000 families were affected by floods in 2007. read more

Brazilian beach volleyball star named UNESCO Champion of Sport

31 August 2009The Olympic gold medallist and Brazilian beach volleyball star, Jacqueline Silva, will partner the United Nations Educational, Scientific and Cultural Organization (UNESCO) in its efforts to promote education for all, including the disadvantaged and vulnerable. The Olympic gold medallist and Brazilian beach volleyball star, Jacqueline Silva, will partner the United Nations Educational, Scientific and Cultural Organization (UNESCO) in its efforts to promote education for all, including the disadvantaged and vulnerable.UNESCO Director-General, Koïchiro Matsuura, will appoint Ms. Silva, who won gold in the 1996 Atlanta Games, as one of the Paris-based Organization’s Champions for Sport in a ceremony tomorrow at its Headquarters.Ms. Silva joined the Brazilian national volleyball team at the age of 14 and by 1994 was recognized as the best in the world by the Association of Volleyball Professionals. Two years later she became the first Brazilian woman – alongside her compatriot Sandra Pires – to win an Olympic medal.In 1999 she founded the Jackie Silva Institute, which now has 49 centres across Rio de Janeiro aimed at developing new talent and offering opportunities to some 6,000 vulnerable and underprivileged young people. As well as training in sports, the centres provide workshops and lectures on HIV and AIDS prevention, teenage pregnancy and drug consumption. UNESCO’s efforts to promote inclusive education are based on the universal right to quality education that combines learning and personal development, with a special focus on vulnerable and disadvantaged groups. Ms. Silva shares UNESCO’s belief that the values of sport are factors for peace and development, the agency said in a news release, adding that the athlete will plan an active part in educational projects, especially in Portuguese-speaking countries.She joins the ranks of other distinguished UNESCO Champions for Sport, which include German Formula One world champion Michael Schumacher, three-time World Cup winner and Brazilian football legend Edson Arantes do Nascimento (also known as Pelé), Ukrainian Olympic champion pole-vaulter Serhiy Bubka and Belgian Olympic women’s tennis and Grand Slam champion Justine Henin. read more

Toronto stock index lower on sharp drop in gold prices as bullion

TORONTO — Canada’s largest stock index was relatively flat Monday as falling commodities prices outweighed gains in the health-care and consumer sectors.The Toronto Stock Exchange’s S&P/TSX composite index shed 3.54 points to 15,316.02, with gold leading decliners.Bullion stocks lost an average of 0.97 per cent of their worth on the TSX, as the August gold contract declined $10.00 to US$1,246.40 an ounce.Oil and gas companies were also among the biggest losers on the commodity-heavy index, shedding an average 0.60 per cent of their worth.The price of oil inched forward Monday after plummeting to a 10-month low the week prior. The August crude contract rose 37 cents to US$43.38 per barrel.Canadian investment strategist Craig Fehr anticipates oil to remain at or below the US$50 a barrel mark and for gold to continue to experience some weakness, as data suggests inflation won’t spike higher in the near future.The performance of those two commodities will be closely tied to that of a large portion of the TSX, said Fehr, who works at Edward Jones in St. Louis.Meanwhile, Valeant Pharmaceuticals Intl. (TSX:VRX) led the charge for the health-care sector, where stocks gained an average of 2.41 per cent.Shares of the Quebec-based drugmaker rose $1.68, or 8.03 per cent, to $22.61 after the pharmaceutical giant’s stock surged more than six per cent last week on news that prominent U.S. investor John Paulson had joined the company’s board of directors.In New York, the Dow Jones industrial average gained 14.79 points to 21,409.55, while the S&P 500 edged up 0.77 of a point to 2,439.07. The Nasdaq composite fell 18.10 points to 6,247.15.The Canadian dollar was trading 0.17 of a U.S. cent higher than the average price of 75.54 cents US.Elsewhere in commodities, the July copper contract remained relatively unchanged at about US$2.63 a pound and the August natural gas contract rose 9.8 cents to roughly US$3.05 per mmBTU.Follow @AleksSagan on Twitter. read more

Rate increases lift Union Pacifics 2Q profit 10 pct railroad offers cautious

Rate increases lift Union Pacific’s 2Q profit 10 pct., railroad offers cautious outlook AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Josh Funk, The Associated Press Posted Jul 18, 2013 8:25 am MDT OMAHA, Neb. – Union Pacific Corp. says rate increases helped lift its second-quarter profit by 10 per cent, even though the number of carloads the railroad hauled slipped by 1 per cent.The Omaha, Neb.-based railroad said Thursday that it generated $1.11 billion in net income, or $2.37 per share, in the quarter that ended June 30. That’s up from $1 billion, or $2.10 per share, in the same months last year.Revenue rose 5 per cent, to $5.47 billion.Analysts surveyed by FactSet predicted Union Pacific would report earnings of $2.35 per share on $5.5 billion in revenue.Even after the strong quarter, Union Pacific CEO Jack Koraleski remained cautious.“As we move into the second half of the year, the economic outlook remains uncertain, but we’re hopeful that we’ll see some economic improvement in the months ahead,” Koraleski said.Union Pacific’s stock slipped 43 cents in pre-market trading to $159.25.Coal volumes were roughly even with last year’s weak levels, suggesting that demand may have bottomed out. Over the past two years, many utilities have cut back on coal purchases because of relatively cheap natural gas prices and environmental concerns.The railroad reported stronger revenue in every area except agricultural products and intermodal containers.Union Pacific said the volume of intermodal containers imported off of ships fell 8 per cent in the quarter as activity at West Coast ports slowed. The number of containers moved off of trucks to the railroad increased 3 per cent.Union Pacific said revenue improved 12 per cent in its automotive, chemical and coal businesses, and industrial products revenue grew 7 per cent.Union Pacific operates 32,400 miles of track in 23 states from the Midwest to the West and Gulf coasts.___Follow Josh Funk online at www.twitter.com/funkwrite___Online:Union Pacific Corp.: www.up.com read more

Teck Resources Q3 profit drops 37 to 159 million but beats analyst

Teck Resources Q3 profit drops 37% to $159 million but beats analyst estimates VANCOUVER – Teck Resources Ltd. (TSX:TCK.B) says lower prices for steelmaking coal continued to have a negative impact on its profit and cash flow during the third quarter but cost-reduction efforts have done better than expected.The Vancouver-based mining company reports it had $159 million of adjusted profit in the third quarter, or 28 cents per share.That was down 37 per cent from $252 million or 44 cents per share in the third quarter of 2013 but three cents per share higher than analyst estimates.Teck’s revenue over the three months ended Sept. 30 was $2.25 billion, down nearly 11 per cent from $2.52 billion in the third quarter of 2013 but slightly above estimates.The general estimate was for Teck to have 25 cents per share in adjusted profit with $2.25 billion of revenue.Under standard accounting, Teck had $84 million of net income or 14 cents per share, down 68 per cent from $267 million or 46 cents per share a year earlier.The net income included a $64-million non-cash item related to a change in Chilean taxes.“Our operations performed well during the third quarter and this has allowed us to report profits, conserve cash and maintain a strong financial position with approximately $5 billion of liquidity at the end of the quarter,” said Don Lindsay, Teck’s president and CEO.“We are pleased with the progress being made in the development of the Fort Hills oil sands project (in Alberta) and the reopening of the Pend Oreille zinc mine (in Washington State) while continuing our focus on reducing costs and spending on other capital projects.” by The Canadian Press Posted Oct 29, 2014 4:22 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

Average US rate on 30year mortgage steady at 371 per cent

FILE – In this Tuesday, Feb. 2, 2016, file photo, a sold sign sits next to a house under the final stages of construction in Plano, Texas. On Thursday, March 31, 2016, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/LM Otero, File) WASHINGTON – Average long-term U.S. mortgage rates were unchanged to slightly higher this week after declining the previous week.Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year, fixed-rate mortgage was steady at 3.71 per cent. The benchmark rate also remained close to the 3.70 per cent level it marked a year ago.The average rate on 15-year fixed-rate mortgages edged up to 2.98 per cent from 2.96 per cent last week.Prices of U.S. government bonds and their yields — which move in opposite directions— also showed little change over the week, in contrast to their sharp swings in recent weeks.Mortgage rates tend to follow Treasury bond yields. The yield on the 10-year Treasury bond stood at 1.83 per cent Wednesday, down from 1.87 per cent a week earlier. The yield slipped to 1.82 per cent Thursday morning.Federal Reserve Chair Janet Yellen, in a speech Tuesday, reaffirmed the Fed’s plans to move slowly in raising the interest rates it controls. That prospect could keep a lid on mortgage rates in coming weeks.To calculate average mortgage rates, Freddie Mac surveys lenders across the country at the beginning of each week. The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 per cent of the loan amount.The average fee for a 30-year mortgage was unchanged from last week at 0.5 point. The fee for a 15-year loan also held steady, at 0.4 point.Rates on adjustable five-year mortgages averaged 2.90 per cent this week, up from 2.89 per cent last week. The fee remained at 0.5 point. Average US rate on 30-year mortgage steady at 3.71 per cent by The Associated Press Posted Mar 31, 2016 8:16 am MDT Last Updated Mar 31, 2016 at 2:23 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

7 RTÉ newsreaders weve known and loved

first_imgYouTube/RTÉ4. Anne DoyleAnne Doyle is one of RTÉ News’ most recent retirees, reading her last bulletin on Christmas Day 2011, exactly 33 years after she read her first, in 1978. Here he is reading the news in 1985:YouTube/3CastleScreengrab/RTÉ ArchivesAnd here’s Cockburn pictured last year at Harvey’s Point Hotel in Donegal “reading the news for fellow guests”:Facebook/Harvey’s Point Hotel3. Charles MitchelCharles Mitchel was the first person to read RTÉ news on television on 31 December 1961.He appeared on news broadcasts from 1961 until his retirement in 1984. He died in 1996.RTÉ ArchivesThis is Charles with Anne Doyle and 9-year-old Kate Cotter in 1982: And now here with this evening’s news it’s…1. Vere Wynn JonesTheTvRoomPlus.comJones started out as a teacher before moving to RTÉ where he initially worked as a sports reporter.He moved to news in the mid 1980s and was one of the first readers of the Six-One news.He died in July 2006 at the age of 56 after battling cancer.Vere Wynne Jones speaking at the SFA’s annual conference in 2005 (Photocall Ireland)2. Don CockburnDon Cockburn retired in the early nineties after more than 30 years in broadcasting.He joined Radio Eireann in 1958 and became a full time newsreader in 1972. YouTube/RTÉ5. Seán DuignanDuignan was the first co-presenter, along with Eileen Dunne, of the Six-One News.He worked in RTÉ from the 1960s through to 2003 (taking a break for a couple of years to work as a Fianna Fáil press secretary).TheTVRoomPlus.com6. Ken HammondKen Hammond signed off on his last news broadcast in 2009. He had joined RTÉ 25 years previously.Hammond is also one of the RTÉ newsreaders to have a song written about him. Listen here.7. Geraldine McInerneyGeraldine McInerney became Ireland’s first female newsreader in 1975, after joining RTÉ as a continuity announced in 1974.She said that many of her male colleagues were “condescending” during her time there but that Charles Mitchell was a complete gentleman.McInerney moved to the USA to work in PR after a few years, hanging out with George Lucas, Christie Brinkley and Billy Joel.RTÉ.ie/RTÉ 50Honarary mention: Aengus ‘What’ MacGriannaYouTube/kimswabekYouTube/EricEvansOf course we haven’t forgotten about Bryan Dobson, Eileen Dunne, John Finnerty and all the gang. You can catch up on some more of them in this video:YouTube/Kimswabek17 lies your parents may have told you when you were a kid>Where in the World, Blackboard Jungle, Play the Game… retro telly in pictures> ONE THING YOU can always count on is the RTÉ news.Come 6pm, 9pm and various other times throughout the day, those familiar faces will be there to bring you all the day’s happenings.We’re long overdue a look back at some of the faces who’ve been helping us to ‘stay classy’ over the years, so now it’s time to remedy that.First though, how about this walk down memory lane…last_img read more

ZENS introduces seamless inductive charger for the Galaxy S3

first_imgOf all the accessories you can have for a phone, I think my personal favorite is an inductive charger. While many phones support the feature, very few come with it standard due to the added expense. Even phones that don’t support the technology directly often see it hacked on through one process or another. The Samsung Galaxy S3 is quickly becoming one of the most popular Android devices across the world, so it’s no surprise at all to see a company standing up to offer an inductive charger for the phone.ZENS, a small European technology firm started in 2011, has announced that they are releasing a replacement battery cover for the Samsung Galaxy S3 that will add the inductive charging functionality to the phone. All you will need to do is replace the battery cover, and any time you want to charge the phone you place it on the mat that is provided by ZENS. Anytime the phone is set on the mat, it will immediately begin charging the phone. ZENS doesn’t mention at what rate the phone will charge, however. The Samsung Galaxy S3 is one of many smartphones recently that rely on a one amp charger in order to charge rapidly. If the provided pad does not output at one amp, your Galaxy S3 will take longer than usual to charge through this solution.The ZENS charger complies with the Qi wireless power standards for charging a device through induction, which means the pad will support inductive devices from other manufacturers as well. Currently the ZENS wireless charger is only available internationally, and there’s no mention of whether or not the product will be available in the US. The ZENS charger is much easier to setup than the other inductive charger currently being developed by PowerMat, which requires you to line a card up with the pins on the battery and wedge a piece of plastic in between the battery and cover, so hopefully the ZENS system comes to the US soon.More information on the ZENS unit can be found on their website.last_img read more

Samsung Bruxelles enquête sur un éventuel abus de position dominante

first_imgSamsung : Bruxelles enquête sur un éventuel abus de position dominanteLa guerre des brevets qui fait rage dans le secteur des terminaux mobiles connaît un nouveau rebondissement avec l’entrée en jeu de la Commission européenne. Celle-ci vient en effet d’ouvrir une enquête sur Samsung, qu’elle soupçonne d’abus de position dominante.La Commission européenne vient d’annoncer avoir ouvert une procédure à l’encontre de Samsung. Bruxelles soupçonne la firme coréenne de faire valoir, de façon abusive, certains de ses droits de brevets essentiels “dans le but de fausser la concurrence sur les marchés européens des appareils de téléphonie mobile”, indique la Commission dans un communiqué (lien non disponible).À lire aussiMaladie de Charcot : symptômes, causes, traitement, où en est on ?Samsung est lancé depuis des mois dans une véritable guerre des brevets qui l’oppose à plusieurs constructeurs de terminaux mobiles, comme Apple et HTC. La firme coréenne a déposé des demandes auprès de différentes juridictions nationales visant à faire interdire la vente de certains produits de ses concurrents, “arguant de violations présumées de certains de ses droits de brevets, que (la Commission) juge essentiels à la mise en œuvre des normes européennes en matière de téléphonie mobile” rappelle le communiqué. Bruxelles entend alors déterminer si Samsung a violé “son engagement irrévocable, donné en 1998 à l’Institut européen des normes de télécommunications (ETSI)”, par lequel il doit octroyer des licences d’exploitation de ses brevets, dits essentiels, car liés à une norme européenne, et ce “à des conditions équitables, raisonnables et non discriminatoires”. Une violation qui, si elle est avérée, pourrait équivaloir à un abus de position dominante affectant le commerce et enfreignant la concurrence. Ce comportement constitue d’ailleurs l’argument de défense d’Apple dans la guerre qui l’oppose à Samsung. La firme à la pomme accuse son concurrent de ne pas respecter son engagement.Le 2 février 2012 à 09:06 • Emmanuel Perrinlast_img read more

Police Crash caused by following too closely

first_imgInadequate following distance caused a two-car crash at Padden Parkway and state Highway 503 that sent one person to the hospital Sunday morning, according to the Washington State Patrol.Troopers said Joseph N. Hardin, 58, of Vancouver was heading south on Highway 503 and turning onto Padden Parkway westbound.The driver ahead of him — Cynthia K. Schaff, 63, of Battle Ground — was ahead of him, and had slowed down to make the turn, the state patrol said.Hardin rear-ended Schaff’s car, according to the state patrol.Schaff and Hardin were unhurt, but a passenger in Schaff’s car, Kenneth W. Schaff, 72, also of Battle Ground, was injured and taken to Portland Veterans Affairs Medical Center Vancouver.His condition was not available.The state patrol said Hardin was cited for following too closely.last_img read more

2014 Magazine Launches Outpacing Last Year in Q1

first_imgMediafinder has released its first quarter report on magazine launches and closures. This year is shaping up better than the previous year, as 45 print magazines launched in 2014 verses 27 in 2013.There is some bad news, however. Closures this year outpaced 2013, with 14 versus 9. Still, that equals a two-year net market gain of 48 new (or revived) titles in Q1.Breaking it down further, 36 of the launches this year are consumer-facing titles and 9 are in the b-to-b space. But all 14 closures this year are consumer titles.In 2009 there was a net market loss of more than 120 titles over the entire year, and things looked bleak. However, the industry is clearly rebounding–with stable net gains since 2010.last_img read more

CBS News Launches StreamingVideo Morning Program

first_img Popular on Variety TV’s morning-news wars have a new competitor.CBS News, which already produces “CBS This Morning,” unveiled “CBSN AM,” a one-hour morning program built for its CBSN streaming-video hub. The program. anchored by Anne-Marie Green and Vladimir Duthiers, launched today.The show will stream between 7 a.m. and 8 a.m. eastern. Green will anchor the full hour and Duthiers, who often appears on “CBS This Morning,” will join her at 7:30 a.m.“CBSN viewers have made it clear to us that they want more live coverage in the morning,” said Christy Tanner, executive vice president and general manager of CBS News Digital, in a prepared statement. “‘CBSN AM’ will give our audience more depth and insight on the day’s biggest stories and feature more international coverage from our global team.” ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15center_img CBS News isn’t the first outlet to debut programming that would at first blush appear to compete with options it already produces for linear TV. NBC News, for example, produces “Stay Tuned,” a news program that runs primarily on Snapchat. One edition often airs at 7 a.m., the same time the news unit’s flagship “Today” show kicks off on the NBC broadcast network.Darius Walker is the senior executive producer of CBSN and Rob Gifford is managing editor.CBS said CBSN set new viewership records in September, which is now the top-ranked month in 2018 for total streams and the second-ranked month of all time, behind November 2016.  The company also said, CBSN helped drive CBSNews.com to its top-ranked quarter to date for unique visitors and visits in the third quarter of 2018. Even so, the company did not release specific numbers of streams, visitors or visits.  CBSN can be found via CBSNews.com/live and on all CBS News mobile apps. Consumers can stream it via iOS, Android, Apple TV, Roku, Amazon Fire TV, and game consoles like Xbox and PlayStation.last_img read more