Multi-asset a ‘clear growth opportunity’, State Street survey shows

first_imgAndrew Wilson, head of asset manager solutions for the UK at State Street, said: “An overwhelming majority see growth coming from multi-asset solutions, and changes in investor demand in general.”Multi-asset was cited by 67% as the investment strategy type that will most drive growth over the next three years.The next most favoured strategy was traditional actively managed equity, at 17% of the respondents, although there were regional variations: for example, multi-asset was cited as the key growth area by 80% of Australian firms, whereas only 53% of UK firms agreed – here, 30% believe traditional actively managed equity will be the greatest source of growth.Clients are moving to outcome-orientated solutions – cash-plus, inflation-plus or specific income stream-generation, for example – rather than traditional beta-focused products, Wilson observed.“The shift from DFB to DC is certainly part of the explanation for this,” he added.However, 74% of managers said few firms are “currently equipped to thrive when offering multi-asset solutions”.This is reflected in a strong focus on risk management, with 36% planning significant investment in data integration, 39% in performance analytics and 48% in risk analytics.Addressing talent gaps will be a focus on moderate or significant investment for 53% of managers, while 64% will be investing in skills training.This investment will happen against a difficult background for revenue and profit growth – despite the anticipated growth in assets under management.“Increasing pressure on fees and the rising cost of both talent and regulation is squeezing margins, leading to a lot of activity to improve operating efficiencies,” Wilson said.More than half of those surveyed saw significant opportunities to deliver this from within their organisations, while 28% looked to acquisition as a major opportunity to improve operating efficiency.Europe is ripe for a consolidation of fund products, Wilson suggested.The survey of 300 senior executives at asset management firms – split evenly between North America, Europe and Asia Pacific – was conducted during April and May 2014 by the Financial Times Group’s FT Remark, on behalf of State Street. Asset managers are bullish on the growth of their businesses and expect that growth to be driven by competition over more home-market demand for outcomes-based investment solutions such as multi-asset products, according to a global survey unveiled by State Street in London.Just over half of the 300 managers surveyed believe growth for their business will be strongly positive over the next 12 months.While 47% plan to expand into new countries or regions over the next three years, three-quarters see their existing country markets as the greatest growth opportunity – with 85% citing regulatory barriers as the number-one challenge when expanding into new markets.North American managers expect most growth in existing products and markets, whereas European managers see the greatest opportunities in new products and markets – although Germany-based managers were the least likely to be looking abroad for growth.last_img read more

Read More →

Nortel scheme moves to next judgment after £340m win in Canadian case

first_imgTrustees of the Nortel UK Pension Scheme secured £340m (€430m) in deficit funding from its now-defunct Canadian sponsor but failed in a bid to force through a financial support directive (FSD) for greater funding.In a case argued in the province of Ontario, trustees, supported by the UK Pension Protection Fund (PPF), challenged Canadian company Nortel Networks Limited (NNL) for funding to repair a deficit after Nortel’s insolvency in 2009.The UK arm of Nortel supported a 40,000 member defined benefit (DB) scheme, which had a £2bn deficit at the time of insolvency.The Canadian communications business triggered one of the world’s largest insolvencies in 2009, sending all global subsidiaries into administration, chiefly in Canada, the US and Europe. Trustees, the UK pensions regulator (TPR) and the PPF launched a legal case against administrators of the US and Canadian businesses to secure funding for the UK DB scheme and avoid its entering the lifeboat fund.Legal proceedings over the distribution of monies created by the sale of NNL’s assets are ongoing, with JP Morgan holding a $7bn (€5.6bn) sum as US and Canadian courts decide how to distribute assets to creditors.In the latest case in Ontario, trustees and the PPF challenged NNL’s administrators, looking to secure two separate levels of funding based on written guarantees from NNL to its UK DB scheme.They also made a financial claim based on TPR’s ability to issue an FSD – a UK legal claim on assets to support underfunded pension schemes – against NNL.The Ontario Superior Court of Justice ruled that one of the guarantees, valued at £340m, could be upheld but ruled out a smaller $150m guarantee and gave no credence to the trustees’ claims based on the FSD.Judge Justice Newbould said issuing the FSD against NNL would be unreasonable but did not venture whether a court of appeal would agree with his judgment.However, the Court acknowledged FSDs should be treated as appropriate claims in Canadian insolvency proceedings, after local administrators argued against this.The value of the FSD was unquantifiable at the time of the ruling given the implications of outstanding cases in the US and Canada over the distribution of assets.The FSD claim value would depend on the distribution of the $7bn in assets to claimants in Europe, compared with those in the US and Canada.Should European claimants fare well in any future decision, the value of the FSD would decrease, and vice versa.Lawyers representing trustees and the PPF welcomed the clarity of the secured funding and the credibility of FSDs in Canadian insolvency practices.Angela Dimsdale Gill, Hogan Lovells partner and lead litigator for the PPF and trustees, said her clients would carefully consider the next steps on the matters lost in the case.“The trustee and PPF have reluctantly but determinedly been part of [Nortel litigation] and continue to do their best to represent the interests of UK pensioners,” she said.“It is important not to have knee-jerked reactions, but, of course, there are some aspects of the judgment we find disappointing.”A spokesman for the PFF added: “[The] judgment provided greater clarity for the amounts being pursued by the scheme. We continue to consider the judgment and the next steps available to us and the trustees.”The remainder of the case now rests on judgments from US and Canadian courts, expected next year.Complications have arisen over conflicting challenges from Europe, the US and Canada, including pension schemes and bondholders, for the $7bn of assets.US and Canadian courts are now sitting simultaneously, but not conjointly, to reach a ruling based on two sovereign laws – an unprecedented legal situation.Gill said: “The critical decision on allocation will come next year. The claims process is inter-linked with the allocation dispute, and we will not really know where the scheme has ended up until it is all over.”The original article was amended to correct the currency for the smaller claim from £150m to $150m. Apologies for the mistake.last_img read more

Read More →

Stray bullet hurts 4-year-old boy

first_imgAccording to the police, the suspectattempted to shoot a dog but instead hit the victim who was playing with hiselder brother outside their house around 4:30 p.m. on Dec. 1. Habagat admitted that he tried to fireat the dog that allegedly killed his chicken. The suspect was identified as NoelHabagat, also resident of the said village, a police report showed. He turned himself in to the Sara PoliceStation and vowed to pay the victim’s hospital bill./PNcenter_img The victim, whose name was withheld byauthorities, sustained a gunshot wound on the left foot. He received medicaltreatment at the Sara district hospital. ILOILO City – A four-year-old boy landedin a hospital after getting hit by a stray bullet in Baragay Del Castillo,Sara, Iloilo. last_img read more

Read More →

Laurel K9 unit tracks fleeing subject

first_imgPhoto from Laurel PD FacebookFRANKLIN COUNTY, Ind. — Laurel Police K9 Diablo, K9 Officer Ellis, and Officer Stewart assisted the Franklin County Sheriff’s Office with a track of a fleeing subject wanted on a felony warrant at a residence off Saltwell Rd.According to the Laurel Police Department, K9 Diablo tracked the suspect back to a barn lot located off of Fairfield Causeway Rd, where K9 Diablo led officers to a horse trailer with sleeping quarters inside it.The suspect was found hiding in the bunk under blankets and bedding.The suspect surrendered without further incident and was taken into custody.The suspect surrendered without further incident and was taken into custody.The name has not yet been released as the investigation is still ongoing.last_img read more

Read More →

Ruiz tries to rally Fulham

first_img Martin Jol’s side travel to Sky Bet Championship promotion hopefuls Leicester in the Capital One Cup fourth round on Tuesday and host Manchester United four days later. The Cottagers were always second best at the weekend against the in-form Saints, who could have won by more than first-half goals from Rickie Lambert and Jay Rodriguez. The 28-year-old managed to come through 81 minutes unscathed and hopes to be involved against the Foxes. He added: “I still have some problems with my back and we’re working on that. It’s getting better – hopefully in the next couple of weeks it will be 100 per cent.” Jol will also check on the fitness of captain Brede Hangeland, who missed out on Saturday with a nerve problem in his leg. Northern Ireland defender Aaron Hughes could start after coming on as a half-time substitute at St Mary’s following a month out with a thigh injury. He admitted: “We were very disappointed with the goals we conceded. We need to tighten up.” Bryan Ruiz admits Fulham need to quickly put their dismal 2-0 defeat at Southampton behind them as they prepare for another big week. Press Association And striker Ruiz knows they need to buck up their ideas if they are to avoid more disappointment, starting at the King Power Stadium. “Southampton played well,” Ruiz told the club’s official website. “We had a plan but once they scored the first goal it was difficult to find a way back into the match. They deserved the win but now we have to pick ourselves up and look towards the next match. “After winning two games in a row, we wanted to continue that at Southampton. We weren’t able to do it and we were all disappointed with the display. “The most frustrating thing was not testing their goalkeeper. We should have done more but Southampton have only conceded three goals this season and they’re very strong defensively. “They are in good shape and full of confidence but we need to try and forget about it now and concentrate on the next match. “We’ve got two games coming up quickly and it will be a tough week. We want to qualify for the next round of the cup and then take on Manchester United in a good frame of mind.” Costa Rica international Ruiz had to pass a late fitness test on his back injury in order to play at St Mary’s. last_img read more

Read More →

Ankle blow for Hughes

first_img Hughes, 34, injured his ankle in Brighton’s 3-2 defeat at Bournemouth at the weekend and is unlikely to feature in Bucharest on November 14. The centre-half has been ever present in his country’s best ever start to a major qualifying campaign – playing 90 minutes in successive wins over Hungary, the Faroe Islands and Greece. Fears of a broken ankle have been allayed and though he may yet appear in manager Michael O’Neill’s squad on Tuesday, it seems unlikely he will be fit to feature. Seagulls boss Sami Hyypia told the Argus: “There is nothing on the bone, so that’s a good thing. “If the bone was broken or something happened to the bone it would be a long process. “Now we are waiting for the swelling to go down. Then we will be able to assess it a little bit better. “If it’s ligament damage we are talking about weeks more than months I think. I’m not a doctor so I can’t really say how long and every individual heals in a different time frame.” The former Northern Ireland captain is currently on 93 caps, on track to become his country’s first ever outfield centurion. Press Associationcenter_img Defender Aaron Hughes is set to miss Northern Ireland’s Euro 2016 qualifier against Romania.last_img read more

Read More →

Update on the latest sports

first_imgBill Bartholomay, who moved Braves to Atlanta, dies at 91ATLANTA (AP) — Former Braves owner Bill Bartholomay has died at 91.Bartholomay moved the franchise from Milwaukee to Atlanta in 1966, making it the first Major League Baseball team in the South. He headed the group that sold the Braves to Ted Turner in 1976 but retained a partial interest and remained as the team’s chairman until November 2003, when he assumed an emeritus role.Braves Hall of Famer Hank Aaron said on his Twitter account that Bartholomay “was the greatest owner I ever had the pleasure to play for.”Bartholomay died Wednesday at New York-Presbyterian Hospital, according to his daughter, Jamie. Toy Cannon diesUNDATED (AP) — Jimmy Wynn, the diminutive slugger whose monster shots in the 1960s and ’70s earned him the popular nickname “The Toy Cannon,” has died at 78.The Astros said the three-time All-Star outfielder died Thursday in Houston, but the team did not provide further details.The 5-foot-9 Wynn hit more than 30 homers twice with Houston, including a career-high 37 in 1967 at the pitcher-friendly Astrodome. Wynn left the team as the franchise leader in hits, home runs, RBIs and walks. Overall, he finished with 291 homers with 964 RBIs and 225 stolen bases in his career.MLB-OBIT-BARTHOLOMAY March 26, 2020 — Former President Barack Obama was among more than 50,000 viewers who logged onto a coronavirus discussion between Golden State Warriors guard Stephen Curry and Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases. When Curry asked when it might be time to start thinking about sports again, Fauci responded, “when the country as a whole has turned that corner,” and the curve that shows how the virus is still spreading nationally starts coming down.— The Colorado Avalanche say one of their players has recovered after testing positive for the COVID-19 virus. The player was at home in isolation since the symptoms first appeared. The team says anyone who had known close contact with the player has been notified. The Avs issued a statement saying they continue to work in conjunction with their medical staff and public health officials to do everything they can to help the Avalanche community remain safe and healthy during this time.— NHL stars Alex Ovechkin (oh-VECH’-kin) and Sidney Crosby think the league should go directly to the playoffs once it resumes play. The two rival Metropolitan Division captains shared their views Thursday. Crosby says he understands the need to try to play as many games as possible. But he says he wouldn’t mind beginning with the playoffs. Ovechkin had the same idea. There is no timetable for when play will resume. It has not been determined whether the league will complete the regular season.— The WNBA has announced its draft will be a virtual event this season due to the coronavirus pandemic. The draft will be held on April 17 as originally scheduled but will be broadcast without players, fans or media in attendance. WNBA Commissioner Cathy Engelbert says the league is still looking at different scenarios for the start of the regular season but notes it could begin before the NBA resumes play.— Arsenal manager Mikel Arteta says he has fully recovered from the coronavirus, two weeks after testing positive for COVID-19. Arteta told the Arsenal website that he is “completely fine” and that he only felt ill for a few days. He said he had three or four days that were a little bit difficult, with a bit of a temperature, a dry cough and some discomfort in my chest.” Arteta became the first Premier League figure to test positive for the coronavirus on March 12. The league was then suspended the next day. UNDATED (AP) — The NCAA will distribute $225 million to its Division I members in June. That is $375 million less than had been budgeted this year because the coronavirus outbreak forced the cancellation of the men’s basketball tournament.The NCAA says $50 million will come from its reserve fund. A $270 million event cancellation insurance policy will help pay the rest.March Madness is among the biggest revenue producers for the NCAA and its schools. It was canceled March 19, a week before the first round was scheduled to begin.The NCAA pulled in more than $1 billion in revenue last year, including $867.5 million from the television and marketing rights for the Division I men’s basketball tournament.The NCAA had been scheduled to distribute $600 million to more than 300 Division I schools from April to June. — Hockey equipment manufacturer Bauer has shifted from making visors for helmets to medical visors for those fighting the coronavirus pandemic. Bauer faced the possibility of closing its manufacturing plant in Blainville, Quebec, when hockey came to a halt amid the global pandemic. But engineers there instead brainstormed the idea of producing medical shields to help protect people on the front lines of the fight against COVID-19.— A person with knowledge of the details tells The Associated Press that top NBA executives are having their base salaries reduced by 20% for the foreseeable future. The reductions affect the roughly 100 highest-earning executives, as the NBA joins the NHL and NASCAR in cutting salaries while competitions are on hold because of the coronavirus. The cuts are effective immediately and affect NBA employees both inside the league headquarters in New York and in global offices.— Hall of Fame jockey Javier Castellano says he has tested positive for the coronavirus and will be in quarantine for two weeks. Castellano tested positive as part of a physical that officials at Gulfstream Park mandated as a prerequisite before being cleared to ride in Saturday’s Florida Derby. Castellano says that he has not had “known contact with anyone that has tested positive.” Castellano last rode on March 15, when he had two mounts at Gulfstream.— New Orleans Saints quarterback Drew Brees says he and his wife, Brittany, are donating $5 million to help Louisiana businesses and communities contend with challenges brought on by the coronavirus outbreak in the state. Brees posted his pledge on a social media account and says the money will help several restaurants in which he has an ownership stake as well as a major hospital chain and charities that deliver meals to people in need.— The Green Bay Packers have extended the closure of Lambeau Field through at least April 24 to help minimize the spread of the coronavirus after Wisconsin Gov. Tony Evers issued a “safer at home” order through that date. Packers officials said the closure would continue until that order expires or until a superseding order is issued. Packers officials say Lambeau Field and Titletown will only have essential personnel in place for non-public operations of the facilities. Management was given the right to cut the amateur draft in both 2020 and 2021, and to freeze the values of signing bonus money at 2019 levels.Details were divulged to The Associated Press by a person familiar with the agreement who spoke on condition of anonymity because no announcement was made.Teams are set to approve the roughly 17-page agreement Friday, the person said.NCAA-REVENUE DISTRIBUTIONPandemic fallout: NCAA slashes distribution by $375 million — The International Olympic Committee says it is “not aware of any link” between an Olympic boxing tournament it oversaw in London this month and positive coronavirus tests for people who were there. The Turkish boxing federation says a boxer and a trainer now have the virus after attending the Olympic qualifying tournament, which was stopped on March 16 after three of the scheduled 11 days. The Turkish team says the two men are being treated in a hospital and two others with symptoms are awaiting test results.MLB-SERVICE TIMEPlayers, management agree to preserve service timeUNDATED (AP) — Players have agreed to a deal with Major League Baseball that would preserve service time in the event this season is canceled because of the coronavirus pandemic. However, the two sides have left open details of what a configured schedule would look like.As part of the agreement approved by the union Thursday night, players agreed not to challenge giving up their salaries if no games are played, except for $170 million payment management will advance in two stages. Player salary this year is expected to be in the $4 billion range.center_img The Indianapolis 500 scheduled for May 24 has been postponed until August because of the coronavirus pandemic.It will be the first time since 1946 that the race won’t be run on Memorial Day weekend.IndyCar initially said it would resume racing May 9 on the road course at Indianapolis. That race will now be run on July 4, a day before NASCAR races at The Brickyard. The Indy 500 will be moved to Aug. 23.In other outbreak-related developments:— The company that manufactures uniforms for Major League Baseball, has suspended production on jerseys and is instead using the polyester mesh fabric to make masks and gowns for hospitals in Pennsylvania and nearby states. Fanatics founder and executive chairman was watching TV last week when he was struck by the idea to turn the 360,000-square foot facility in Easton, Pennsylvania, into a factory for the COVID-19 virus fight. St. Luke’s Hospital in nearby Bethlehem reached out to Fanatics late last week about the possibility of the company manufacturing masks. Update on the latest sports Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditVIRUS OUTBREAK-SPORTSIndy 500 moved to AugustUNDATED (AP) — The Brickyard will be silent Memorial Day weekend. COLLEGE BASKETBALL-VANDERBILLT-NESMITHNesmith leaving CommodoresNASHVILLE, Tenn. (AP) — Vanderbilt guard Aaron Nesmith is forgoing his final two seasons of eligibility to enter the NBA draft.Nesmith was one of the nation’s most prolific scorers and 3-point shooters before a right foot injury caused him to miss more than half the season. He averaged 23 points, 4.9 rebounds and 1.4 steals for the Commodores this past season.MLB-OBIT-WYNN OBIT-GLOBETROTTERS-NEALHarlem Globetrotters great Curly Neal dies at 77UNDATED (AP) — Iconic Harlem Globetrotters player Fred “Curly” Neal has died at 77, according to the team.The dribbling wizard played for the Globetrotters from 1963-85, appearing in more than 6,000 games in 97 countries for the exhibition team known for its combination of comedy and athleticism. He became one of five Globetrotters to have his jersey retired when his No. 22 was lifted to the rafters during a special ceremony at Madison Square Garden in 2008.Neal was a crowd favorite with his trademark shaved head, infectious smile and ability to dribble circles around would-be defenders.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6last_img read more

Read More →

Update on the latest sports

first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditVIRUS OUTBREAK-MLBAP source: MLB rejects 114-game plan, tells union no counterNEW YORK (AP) — Major League Baseball is no closer to starting the 2020 that it was when the union made its latest proposal on Sunday. — English soccer team Tottenham says a person at the club has tested positive for the coronavirus. The Premier League club did not identify the person. It was the only positive case after the Premier League tested a further 1,197 players and club staff. The testing is taking place ahead of the planned resumption of the league on June 17. The competition was suspended in March.— Two people familiar with the situation say the WNBA has decided to hold its games at just one location if there is a season this year and that the MGM Resorts in Las Vegas and the IMG Academy in Florida are the top candidates. There is still no date when the WNBA’s 2020 season will tip off. WNBA Commissioner Cathy Engelbert told the AP last month that the league was considering a handful of scenarios, including playing at one or two sites. — A part-time student worker in the Iowa State athletic department has tested positive for COVID-19 and four athletes are experiencing symptoms. ISU says the student worker notified the athletic department of the positive test last weekend. The four athletes from two sports began experiencing symptoms after being in close contact with individuals outside the athletic department who have been infected. Those athletes are in quarantine and awaiting test results.— Two players with Japan’s most famous baseball team have tested positive for COVID-19. The Tokyo-based Yomiuri Giants called off a preseason game with the Seibu Lions scheduled for Wednesday because of the positive tests. It also raises questions about the start of the delayed season. Japan hopes to open its postponed baseball season on June 19 in stadiums without fans.— A Ukrainian soccer team has found 25 cases of the coronavirus among players and staff. The Ukrainian soccer association says the cases at Karpaty Lviv came from tests on 65 people. None of the players or staff members have been named. The Ukrainian league restarted last week without Karpaty. UNDATED (AP) — Major League Soccer players have approved a new collective bargaining agreement that will allow for the league to return this summer with a tournament in Florida.The Major League Soccer Players Association has announced the ratification of the CBA. Players had approved economic concessions for this season. The league countered the proposal from the players and set a Wednesday deadline for ratification.The sides had agreed to a five-year CBA in February but that had not been ratified when the coronavirus pandemic began. The season was suspended March 12 after just two games because of the pandemic.Details of the Florida tournament were still under consideration, but the league’s 26 teams and limited staff would be sheltered at hotels with games played without fans at ESPN’s Wide World of Sports Complex at Disney World.In other virus-related sports developments: NEW ORLEANS (AP) — Drew Brees (breez) is taking sharp criticism from fellow high-profile athletes after the Saints’ quarterback reiterated his opposition to kneeling during the National Anthem.Asked by Yahoo to revisit former NFL quarterback Colin Kaepernick’s 2016 kneeling protest against police brutality against minorities, Brees said he will never agree with anybody disrespecting the flag of the United States. He added that the national anthem reminds him of two grandfathers who served in the armed forces during World War II.Brees said that “In many cases, it brings me to tears thinking about all that has been sacrificed, and not just in the military, but for that matter, those throughout the Civil Rights movements of the ’60s, and all that has been endured by so many people up until this point.”Critical responses to Brees’ statements appeared on social media from major professional athletes including the Los Angeles Lakers’ LeBron James and Saints safety Malcolm Jenkins.Jenkins was Brees’ teammate when the Saints won the Super Bowl in the 2009 season. June 3, 2020 A person familiar with the negotiations told The Associated Press that MLB has rejected the players’ offer for a 114-game regular season with no additional salary cuts. The person added that management did not plan to make a counterproposal.MLB proposed an 82-game schedule last week and further reductions in player salaries as the sport tries to salvage a season delayed by the coronavirus pandemic. Management has told the union it had no interest in extending the season into November, when it fears a second wave of the coronavirus could disrupt the postseason and jeopardize $787 million in broadcast revenue.Deputy Commissioner Dan Halem wrote a letter Wednesday to chief union negotiator Bruce Meyer that was obtained by The Associated Press. Halem mentioned that players are unified in their view that they will not accept less than 100% of their prorated salaries, and management has no choice but to accept that representation. Halem said that based on the players’ salary position and the significant health risk of extending the regular season past September, management does not have any reason to believe a negotiated solution for an 82-game season is possible.VIRUS OUTBREAK-NBAAP source: NBA presents players with plan for season restart — The metal detectors that greet sports fans at the gates might soon be accompanied by thermal body scanners. It’s part of the big task of better protecting venues from virus spread in order to bring the games back for in-person viewing.PIRATES-ARCHERPirates’ Archer out for the season following surgeryPITTSBURGH (AP) — Chris Archer won’t pitch for the Pittsburgh Pirates in 2020 and his time with the club may be over.The Pirates have announced that the 31-year-old Archer underwent surgery to relieve symptoms of thoracic outlet syndrome. The team added that Archer will not be available this season if Major League Baseball finds a way to put together a truncated schedule. Majors compiled a 185-137-10 record in 29 seasons as a head coach at Iowa State, Pitt and Tennessee.In his playing days, he finished second to Notre Dame’s Paul Hornung in the 1956 Heisman Trophy balloting.Majors was inducted into the College Football Hall of Fame in 1987.  NFL-BREES-KNEELINGBrees still against kneeling during anthem He honored his namesake’s stance on social distancing while finishing second in the third race, well behind Prisoner and well ahead of third-place Indoctrinate. The 2-year-old colt is the first of a series of horses inspired by the coronavirus pandemic and the latest tribute to the respected director of the National Institute of Allergy and Infectious Diseases.Co-owner Phillip Antonacci picked the name Fauci in mid-March after the 79-year-old started doing daily coronavirus briefings from the White House.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 UNDATED (AP) — NBA fans could receive very good news within the next 24 hours or so.A person with knowledge of the situation says the league has told the players association that it will present a 22-team plan for restarting the season to the league’s board of governors on Thursday.The person says the 22 teams would play eight games near Orlando to determine playoff seeding before the postseason begins there. The Western Conference would have 13 teams heading to Florida, while the East would be represented by nine teams. The 22 teams are those within six games of a playoff spot at this point. Playoffs would start in August, and the NBA Finals will likely stretch into October, according to the person.SPORTS-VIRUS OUTBREAKMLS soccer players approve new CBA Update on the latest sports Germany’s approach has the backing of FIFA. The governing body of world soccer said Tuesday that such demonstrations “deserve an applause and not a punishment.”ASIAN CUP-HUMAN RIGHTSAFC urged to mandate human rights into 2027 Asian Cup bidsUNDATED (AP) — A global activist group is urging Asia’s soccer body to mandate respecting human rights into bidding for and organizing the 2027 Asian Cup.Expected bidders include India, Iran, Qatar and Saudi Arabia ahead of a June 30 deadline set by the Asian Football Confederation to enter the contest. — Two more Oklahoma State football players have tested positive for COVID-19 since returning to campus for voluntary workouts. That brings the total to three, all athletes. Senior associate athletic director Kevin Klintworth wrote on his Twitter account that of the 150 staff, administrators and athletes tested, three had asymptomatic positives.— The PGA Tour has announced a deal with Sanford Health to conduct COVID-19 testing of players, caddies and essential personnel five days before the season resumes. That applies to every stop on the PGA Tour, PGA Tour Champions and the developmental Korn Ferry Tour. Sanford Health is based in South Dakota and is title sponsor of a PGA Tour Champions event. The company has three mobile testing units it will deploy across the country. Each one has a driver and three lab technicians. A unit will be at tournaments from Saturday through Thursday before leaving for the next closest event.— The chief executive of the European Tour says the fate of this year’s Ryder Cup will be decided by the end of the month. Keith Pelley says in an extensive interview with the McKellar Journal podcast that the European Tour and the PGA will have “conversations” about the Ryder Cup now that the revamped schedules of both tours have been announced. The Ryder Cup is still on schedule for Sept. 25-27 at Whistling Straits in Wisconsin despite massive disruption to the sports schedule because of the outbreak.— Wright State is dropping its softball and men’s and women’s tennis programs as part of a plan to cut $2 million from its athletic department budget. The Dayton, Ohio, school is reducing expenditures across the board because of decreases in enrollment and state funding because of the pandemic. Wright State will have 11 sports and must be granted a waiver from the NCAA to remain in compliance with Division I requirements.— Players from all levels of college baseball are set to compete in the three-day, four-team Collegiate Summer Baseball Invitational in Bryan, Texas. The players, coaches, umpires and other event staff arrived in Bryan on Monday and were tested for COVID-19. They are being quarantined at a hotel through Saturday and allowed outside only to go to and from the ballpark. GERMANY-FLOYD PROTESTSGermany won’t punish players for George Floyd protestsFRANKFURT, Germany (AP) — The German soccer federation will not punish players who protest against the killing of George Floyd and racism.Several players in Germany have made statements with gestures or messages on their clothing since Floyd died on May 25 after a white Minneapolis police officer pressed his knee for several minutes on his neck.The federation says it opposes punishing any players because it believes their anti-racism messages match the federation’s own principles. The Pirates were banking on a bounce back year by Archer, who is 6-12 with a 4.92 ERA in 33 starts since he was acquired from Tampa Bay at the 2018 trade deadline for outfielder Austin Meadows and pitcher Tyler Glasnow.COLLEGE FOOTBALL-OBIT-JOHNNY MAJORSJohnny Majors, former Tennessee and Pitt coach, dies at 85KNOXVILLE, Tenn. (AP) — Johnny Majors, the coach of Pittsburgh’s 1976 national championship football team and a former coach and star player at Tennessee, has died.Majors died Wednesday at his home in Knoxville, according to his wife. He was 85. The Sport & Rights Alliance is a group of trade unions and rights advocates including Human Rights Watch and Transparency International. It has asked the AFC to apply the same rights standards FIFA set for the 2026 World Cup that the United States, Mexico and Canada will co-host.Key issues cited include protecting labor rights, minority groups and media, plus allowing independent monitoring of tournament operations for the next seven years.HORSE RACING-BELMONT-FAUCIFauci is runner-up at BelmontNEW YORK (AP) — A horse named Dr. Anthony Fauci made his much-anticipated debut Wednesday at Belmont Park. Associated Press last_img read more

Read More →

Orange unhappy with performance in 4-2 win over Boston College

first_img Facebook Twitter Google+ Published on October 21, 2012 at 11:41 pm Contact Phil: pmdabbra@syr.edu | @PhilDAbb Ange Bradley shook her head as she walked along the Syracuse sideline. Her victorious players were exchanging postgame handshakes with Boston College, but the head coach wasn’t thrilled with the win.“I was light-headed. I was yelling so much,” Bradley said. “I was just frustrated with some of the decisions that we made and how we handled the last half.“I don’t think we played very well as team.”The Orange’s performance on Sunday afternoon wasn’t its best, but it was adequate for a 4-2 win over the Eagles in front of 366 at J.S. Coyne Stadium. Freshmen Gillian Pinder and Emma Russell each scored two goals to lead No. 3 Syracuse (15-1).Throughout the game, the Orange players weren’t always in sync with each other. As Pinder ran the sideline, Liz McInerney struggled to lead her teammate with a soft pass and Pinder couldn’t catch up. A backfield miscommunication between Anna Crumb and Iona Holloway allowed a ball to roll out of bounds, a turnover close to Syracuse’s cage.AdvertisementThis is placeholder textHolloway said the team is now incorporating drop passes and different angles into its midfield game plan. While the Orange is experimenting, it was fortunate its mistakes were not as costly as they could’ve been, she said.“These things happen,” Holloway said. “We just need to keep practicing. It’s one of these things and they didn’t make us pay too badly for it, so it’s not that big of a deal.”Syracuse opened the scoring early when Pinder — starting in place of Leonie Geyer, who wasn’t feeling well — took a pass from Lauren Brooks at the top of the circle and fired an off-handed shot to the right corner of the cage. Just more than 2:30 into the game, the home team led 1-0.Holloway said Pinder’s goal set the tone for the remainder of the game.“I thought it was actually really great for the team — as well as Gillian — because they came out very fiery and feisty, and it’s always our aim to score early to take the fight out of these teams,” Holloway said.Twenty-one minutes later, the Orange capitalized on a two-on-one opportunity and extended its lead. Pinder passed the ball ahead to a sprinting Russell, who dribbled around the lone defender and scored past Eagles goalkeeper Leah Settipane for the Orange’s 2-0 halftime lead.To start the second half, Russell took another lead pass from Pinder and scored from the near side of the shooting circle.Three minutes later, BC joined the scoreboard when freshman Kelcie Hromisin got to a rebound before Orange goalkeeper Leann Stiver did. Stiver made the initial save — a shot off a penalty corner — but Hromisin snuck the ball past the goalkeeper and Syracuse’s lead was 3-1.In the 46th minute, a pass trickled through a group of Orange backs, and BC’s Jordyn Hamilton picked up the ball in the circle and scored past Stiver.All of a sudden, the Eagles had cut Syracuse’s lead to one goal.Seven minutes later, the Orange responded with Pinder’s second score of the game. The Irish freshman inserted the ball on a penalty corner and tipped in a pass from Alyssa Manley to pad Syracuse’s lead.Filling in for Geyer, Pinder stepped up and was huge for the Orange’s offensive attack.“Really crucial,” Bradley said of the freshman’s performance. “She was really critical in stepping up and I’m really proud of her that she was able to do that.”When Bradley called a timeout with just fewer than 10 minutes remaining, BC opted to pull Settipane from the cage and place an extra player in the front.The Orange continued to push the ball on offense and looked to take a shot at the unattended cage, but it needed to establish field position, Bradley said. Bradley was also frustrated with how her team reacted to BC’s man-up advantage. Syracuse took too long to switch to a four-back system, she said.The Eagles offense attacked more aggressively and drew three penalty corners with their goalkeeper on the sideline. However, the Orange’s defensive unit — disorganized, as Holloway described it — stood strong anyway to secure the victory.Holloway said the defense didn’t communicate as well as it usually does and allowed the opposing forwards in the shooting circle more often than it would’ve liked.Despite its structural issues on the defensive side and the miscommunications offensively, another game was added to Syracuse’s win column.“There were definitely some points in the game where we played pretty well. And some points where we played not so well,” Stiver said. “We just need to calm down and play our game.” Commentslast_img read more

Read More →

Grads to take ethics oath for first time

first_imgThe Marshall School of Business will hold a ceremony May 11 following commencement for a select group of students taking the Master of Business Administration Oath, a voluntary pledge through which graduates commit to “creating value responsibly and ethically.”The MBA Oath is a national movement that originated with Harvard Business School’s class of 2009. The MBA Oath at USC is being planned by the Marshall Honor Committee.Diane Badame, assistant dean for the Marshall MBA Program, said the oath demonstrates Marshall’s commitment to honesty and integrity.“We want to reinforce these values in our students and expose them to the kinds of values we think they should have as they leave our institution,” Badame said.Anne Ziemniak, the MBA program manager responsible for the Marshall Honor Committee, said students and faculty brought the oath to Marshall to reaffirm their commitment to conducting themselves and their businesses ethically.Ziemniak said the MBA Oath initiative was a response to the unethical practices of Wall Street executives.“With recent issues, MBAs have been blamed for past unethical proceedings,” Ziemniak said. “We’re taking a stand because students don’t want to be associated with that reputation.”Marshall’s adoption of the MBA Oath complements the goals of the Marshall Honor Committee, which requires students in the full-time MBA program to sign the Code of Professional and Academic Integrity upon enrolling, Ziemniak said. This honor code lays expectations for student behavior regarding the community, the curriculum and their careers.The Marshall Honor Committee hopes to encourage more than 50 students, approximately a quarter of the graduating class, to take the oath next year.Students will have to attend two lectures each semester to meet the requirements of the oath.Though the Marshall MBA program does not offer courses specifically pertaining to ethics, the voluntary pledge symbolizes Marshall’s effort to create a culture dedicated to the betterment of society, Ziemniak said.“We are trying to foster a culture that weaves ethics throughout all of our programs and initiatives,” Ziemniak said. “If students are armed with prior knowledge about ethics before getting in sticky situations, this program will make a huge impact.”last_img read more

Read More →