TSX lower on energy and materials as Wall Street indexes mostly higher

By on October 13, 2019

first_imgTORONTO – It was a fairly muted day of trading on North American markets, as Canada’s main stock index posted moderate losses and Wall Street indices pushed mostly higher on small gains.The S&P/TSX composite index was down 31.79 points to 16,317.65 on Monday, in a broad-based decline that included the influential energy and materials sectors.In New York, the Dow Jones industrial average fell 12.87 points to 25,283.00. The S&P 500 index edged up 4.56 points to 2,747.71 and the Nasdaq composite index advanced 20.83 points to 7,157.39, both new record finishes.“It’s a rather quiet day coming on the heels of what we saw last week, which was fairly solid employment reports, certainly in Canada and perhaps to a smaller degree in the U.S.,” said Craig Fehr, a Canadian markets strategist at Edward Jones in St. Louis.A report released Friday by Statistics Canada showed the economy created 78,600 net new jobs in December and the unemployment rate fell to its lowest point in more than 40 years. Less bullish were U.S. Labor Department figures which showed that American employers added 148,000 jobs in December — a solid gain but a bit less than experts expected.“So while today is a rather flat day, the broader narrative for the markets is still one where economic growth should continue to fuel corporate profit growth and that’s been the legs that the market’s been standing on,” Fehr said.However, a slew of companies are set to begin reporting their results for the last three months of 2017, with the pace picking up later this week.“The earnings picture is the way the markets can gauge the value of the economic growth we’ve seen,” noted Fehr.Analysts and investors will likely be more focused on what CEOs say about their expectations for future earnings. That’s because Wall Street is looking for profits to rise even higher after Washington approved cuts in corporate tax rates last month. The overhaul of the tax system may help some areas of the market more than others, and investors want to see how much companies will raise their forecasts.In currency markets, the Canadian dollar closed at an average trading price of 80.50 cents US, down 0.13 a U.S. cent.On the corporate front, shares of Loblaw Companies Ltd. (TSX:L) fell 67 cents, or 0.99 per cent, to $67.25, as the company opened registration Monday for the $25 gift cards intended as a goodwill gesture in light of its participation in a bread price-fixing scheme. However, the grocery giant revealed a number of restrictions for redemption and eventual use of the card.In commodities, the February crude contract added 29 cents to US$61.73 per barrel and the February natural gas contract was up four cents to US$2.84 per mmBTU.The February gold contract gave back US$1.90 to US$1,320.40 an ounce and the March copper contract was down a cent at US$3.22 a pound.– With a file from The Associated Press.Follow @DaveHTO on Twitter.last_img read more

Continue Reading


New allegations that Colombia prosecutor covered up bribes

By on

first_imgBOGOTA — A dramatic recording from beyond the grave is feeding allegations that Colombia’s chief prosecutor tried to cover up bribery payments that were part of Latin America’s biggest corruption scandal. It’s prompting calls for his resignation.Nestor Martinez was a legal counsel to a banking group when the recording was made. It shows him browbeating an auditor who reported finding likely bribe payments in a $2 billion highway project.The Noticias Uno television program says auditor Jorge Pizano gave it the recording on the condition it not be aired until his death. Authorities initially said Pizano died last week of a heart attack. But that’s under review because Pizano’s son died soon after from exposure to cyanide contained in a bottle of flavoured water found on his father’s desk.Joshua Goodman, The Associated Presslast_img read more

Continue Reading


Setback for Hardik as Supreme court declines urgent hearing on his plea

By on October 12, 2019

first_imgNew Delhi: In a setback to Congress leader Hardik Patel, the Supreme Court on Tuesday refused to accord urgent hearing to his plea seeking stay on his conviction in the 2015 rioting case.The denial virtually dashed his hopes of contesting the upcoming Lok Sabha polls from Gujarat’s Jamnagar constituency as the last date for filing nominations for all the 26 Parliamentary seats in the state is April 4, and the polling is scheduled for April 23. The apex court questioned Patel’s counsel for filing the plea belatedly and said there was no urgency to list the matter as the Gujarat High Court had declined to stay his conviction in August last year. Also Read – Uddhav bats for ‘Sena CM’Patel joined the Congress on March 12 and failed to get relief on March 29 from the high court which dismissed his application seeking stay on the conviction in the case in which he was sentenced to two year jail term. Under the election law — The Representation of the People Act 1951, and a related Supreme Court judgement — a convict facing a jail term of two years or more cannot contest polls unless the conviction is stayed. Patel, 25, moved the apex court on Monday challenging the Gujarat High Court order. Also Read – Farooq demands unconditional release of all detainees in J&KOn Tuesday, his plea was mentioned for urgent listing before a bench headed by Justice Arun Mishra. Refusing to accord urgent hearing on the petition, the bench, also comprising Justices M M Shantanagoudar and Navin Sinha, said: “The order was passed in August 2018. What is the urgency now?” In July last year, Patel was sentenced to two year jail by a sessions court at Visnagar in Mehsana district for rioting and arson during the Patidar quota stir which he led. The high court in August 2018 had suspended his sentence but not the conviction. “What were you doing since August last year? Why did you not challenge it then? And now you suddenly wake up and want an urgent hearing. If you cannot help yourself, we also cannot help you,” the bench told his counsel. Solicitor General Tushar Mehta, who was appearing for Gujarat, also questioned the delay in filing the petition and said the high court had passed an order in August last year but Patel has “suddenly realised that he will contest elections”. Patel’s counsel said that it was on March 29 this year that the high court refused to stay his conviction in the case. He sought urgent listing of his plea saying the last date of filing nomination for the polls was April 4.last_img read more

Continue Reading


Football Ohio State down but not out evaluating playoff picture and tiebreakers

By on September 28, 2019

OSU redshirt junior quarterback J.T. Barrett (16) calls a play during the first half of the Buckeyes game against Penn State on Oct. 22. The Buckeyes lost 24-21. Credit: Alexa Mavrogianis | Photo EditorOhio State’s 24-21 loss to Penn State was shocking to many, including the team. The then-No. 2 Buckeyes played in a difficult atmosphere at Beaver Stadium in College Park, Pennsylvania, and suffered their first defeat of the season. While the Nittany Lions weren’t the team fans might have circled as a hiccup on the OSU schedule, nor was Virginia Tech in 2014.The offensive line had its worst game of the year, allowing 11 tackles for loss and six sacks. The wide receivers struggled to create separation downfield for redshirt junior quarterback J.T. Barrett to deliver the ball. The special teams had several blunders that led to the game-winning score. The defense surrendered several chunk plays in crucial moments.All in all, OSU has things to learn from the debacle in Happy Valley.However, looking forward, the No. 6 Buckeyes remain in the hunt for the coveted College Football Playoff.“We got every goal still alive,” OSU coach Urban Meyer said after the game. “We’re not a great team right now. We got to regroup and get guys healthy and come back and keep swinging. I talked to the team and then Raekwon McMillan and some other players talked to the team like, ‘let’s go, it’s time to get to work.’”The 2014 Buckeyes lost to Virginia Tech in the second game of the year and looked to be on the fast track to a miserable season, for OSU standards. Then, the team regrouped and won 13 straight to capture the College Football Playoff National Championship.Each unit on that team showed progress each week. Barrett began to assert himself as one of the best dual-threat quarterbacks in the country, the offensive line proclaimed themselves as “The Slobs” for their brutish play, and the defense capitalized on opponents’ mistakes, finishing ranked fifth in the nation in takeaways per game.Last season’s loss to Michigan State came late in the season and left no room for error. Even then, a Clemson loss in the ACC Championship Game might have put OSU in the playoff for a second consecutive season.The Penn State loss was the seventh game of the season, which is certainly no death sentence for the Buckeyes.“The crazy thing is we have only lost five games in five years. We sit here and, you know, the world is ending and … the sun came up and it’s incredible. It’s just like, wow,” redshirt junior guard Billy Price said on Monday. “We’ve been here before. This isn’t an occurrence that happens often, but we grow from this. We grow tighter together and we focus in on us and we don’t worry about anybody else.”For many Buckeyes this is the first time they are experiencing a loss at a significant contributor to the team. So this adversity is new to them. It’s not new as in the first time they have ever witnessed a loss being from the sidelines, but the gravity of defeat weighs a bit more as a starter.In the last two games following losses for OSU, the Buckeyes played Kent State at home in 2014 and at Michigan in 2015. OSU looked flawless on offense in each game, winning 66-0 against the Golden Flashes and demolishing their rival Wolverines 42-13. Barrett said it doesn’t matter who the opponent is following a loss, the approach is still the same, but there’s a smaller margin of error now.“I think we just have to go to work. Losing happens in football. We do the best we can to prevent it,” he said. “We try our best to succeed and not lose but losing happens and now you go back to what we are built on and that’s toughness and grinding. I think that’s what we’re going to go back to and make sure this doesn’t happen.”Currently sitting two spots out of the top four, based on the Associated Press ranking, OSU has enough chances on its remaining schedule to move up at least two spots. After this week’s matchup versus Northwestern, No. 7 Nebraska comes to Columbus for a primetime showdown. The Cornhuskers play No. 11 Wisconsin this week, so they could very well jump a few spots if they come away with a road win at Camp Randall.Then, obviously, OSU wraps up the season with current second-ranked Michigan. Win out, and OSU will be in the Big Ten championship against another ranked team with a strong shot at a play-in game for the College Football Playoff.Penn State currently sits with one loss in the Big Ten and does not have another ranked team on its schedule. Its lone loss was to Michigan.There remains a possibility for a three-way tie between OSU, Michigan and Penn State. Given OSU wins out, Michigan’s only loss is to the Buckeyes and Penn State wins out, the following Big Ten Conference guidelines would be the order in which to determine a tiebreaker with three or more teams.The records of the three tied teams will be compared against each other.The records of the three tied teams will be compared within their division.The records of the three teams will be compared against the next highest placed teams in their division in order of finish.The records of the three teams will be compared against all common conference opponents.The team with the best overall winning percentage (excluding exempted games) shall be the representative.The representative will be chosen by random draw.Through the first four guidelines, OSU, Michigan and Penn State would all still be tied. On the fifth tiebreaker, OSU and Michigan would own a higher winning percentage than Penn State, and the Buckeyes then have the head-to-head over Michigan, granting the berth to the Big Ten Championship Game.Price said that the team isn’t viewing its chances to reach the playoff, rather having a week-by-week approach.“Our goal is to go out and execute each game, every week and take care of things up front. With that, that comes the Big Ten championship, that comes the College Football Playoff,” he said. “All our goals are still obtainable. We control our fate and we’re just going to take care of each week and go from there.”The 2014 team was ranked 16th when the first College Football Playoff poll was released. The first poll of 2016 will be released on Nov. 1.With a win against Northwestern, OSU should be well in line to be in the playoff by the unveiling of the first rankings. read more

Continue Reading


Christmas Day Robbery at Quality Supermarket

By on September 17, 2019

first_img The Luxury of Grace Bay in Down Town Provo Related Items:#magneticmedianews ALERT # 2 ON POTENTIAL TROPICAL CYCLONE NINE ISSUED BY THE BAHAMAS DEPARTMENT OF METEOROLOGY THURSDAY 12TH SEPTEMBER, 2019 AT 9 PM EDT Facebook Twitter Google+LinkedInPinterestWhatsApp Electricity Cost of Service Study among the big agenda items at September 11 Cabinet meetingcenter_img #MagneticMediaNews Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, December 26, 2016 – Detectives of the Royal Turks and Caicos Islands Police Force are investigating a robbery that occurred yesterday  (Sunday 25th December 2016) at the Quality Supermarket located on Industrial Drive Providenciales that left employees running for safety.Police responded to the scene around 7: 17 am and were informed that three masked men entered the store area and began firing shots and demanding money.   The robbers were able to get away with an undisclosed amount of cash.    A security guard was overpowered during the incident.   No one was injured during this incident.   A crime scene was established, and an investigation has been launched.Anyone with information that can assist police with the investigation can contact Police at 1-649-338-5901 or anonymously to Crimestoppers at 1-800-8477-tips. Recommended for youlast_img read more

Continue Reading


PM has lunch in Parliament canteen pays Rs 29 for thali

By on August 31, 2019

first_imgAround 18 MPs were having lunch, sitting in small groups on different tables, in Room Number 70, when Modi landed there at 1 PM. The room on the first floor of Parliament building is for MPs.The Prime Minister greeted the MPs. Some of them came to introduce themselves to him, according to the canteen staff. Then he sat on a table, already occupied by three MPs and ordered food.”Anything special, sir,” canteen in-charge B L Purohit asked the Prime Minister. Also Read – Need to understand why law graduate’s natural choice is not legal profession: CJI”No, I want normal vegetarian thali,” Modi replied. He also ordered fruit salad.Immediately, a thali, consisting of palak sabzi, rajma, dal and salad, was served along with rice and a tandoori roti.”The total bill for the food was Rs 29. He gave a note of Rs 100 and I returned Rs 71,” said waiter Rama Shankar who attended on the Prime Minister.He did not ask for bottled water and drank RO water, staffers said.He was there for about 20-25 minutes. Two of the MPs on Modi’s table were from Gujarat. Union Minister Piyush Goyal also joined in after some time. Also Read – Health remains key challenge in India’s development: KovindRealising that it was a “historic” occasion, Purohit requested the Prime Minister to write in a ‘Suggestion Book’ which he presented to him.”Anna data, sukhi bhav (Blessings to the one who feeds),” wrote Modi in Hindi and signed it.According to sources in Parliament, this was the first time any Prime Minister had lunch in the canteen as a customer.Rajiv Gandhi had once eaten in the canteen but not as Prime Minister, the sources said.last_img read more

Continue Reading