Ex-Moody’s analyst sues for defamation

first_img Show Comments ▼ Share Tags: NULL Ex-Moody’s analyst sues for defamation A former Moody’s analyst, who drew attention to what he considered questionable credit ratings for some of the most toxic securities in the US financial crisis, yesterday sued the company, accusing it of campaigning to discredit him.Ilya Eric Kolchinsky, a former managing director at Moody’s Investor Service, oversaw ratings of pools of debt backed by mortgage securities and other assets, sued both the firm and its chief executive Raymond McDaniel for defamation in Manhattan federal court.A Moody’s spokesman said Kolchinsky had not served his complaint on the company.“However, we are confident that he has no basis for any suit against Moody’s,” he said. whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img Monday 13 September 2010 9:00 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlush KCS-content whatsapplast_img read more

EA chief hits back in loot boxes gambling row

first_img Andrew Wilson, chief executive of Electronic Arts, has rejected suggestions from a number of national regulators that loot boxes in video games should be classed as gambling Topics: Casino & games Legal & compliance Tech & innovation Video gaming 10th May 2018 | By contenteditor Tags: Online Gambling Video Gaming Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Western Europe Belgium Netherlands EA chief hits back in loot boxes gambling row Subscribe to the iGaming newsletter Andrew Wilson, chief executive of Electronic Arts, has rejected suggestions from a number of national regulators that loot boxes in video games should be classed as gambling. Last month, the Belgium Gaming Commission ruled that ‘loot boxes’ in games are “in violation of gambling legislation” and ordered all boxes that can be purchased with real money be removed from games in the country. Companies and developers that fail to comply with the new regulations in the country could face a fine of up to €800,000 ($949,700). The Dutch Gaming Authority has also made similar comments in recent months, casting doubts over the future of such features in video games. However, Wilson has now hit back at the claims, saying in an investor call this week that loot boxes featured in the EA Sports ‘FIFA’ series are not gambling.‘FIFA Ultimate Team’ in FIFA games allows players to build their own team with in-game cards, which they can acquire using in-game currency. Players can amass this currency by unlocking certain achievements in the game or boost their wallet by purchasing coins for real money. The issue raised by regulators in Belgium and the Netherlands is that gamers do not know what players they will get in their virtual “packs”, thus introducing an element of gambling. In response, Wilson said: “We don’t believe that FIFA Ultimate Team – all loot boxes are gambling. “Firstly, players always receive a specified number of items in each FUT pack. “And secondly, we don’t provide or authorise any way to cash out or sell items in virtual currency for real-world money. “We forbid the transfer of items of in-the-game currency outside, we also actively seek to eliminate that where it’s going on in an illegal environment.”Related article: Belgium rules video game ‘loot boxes’ breach gambling laws Casino & gameslast_img read more

Sportech revenue declines after challenging 2018

first_img Regions: Europe US Connecticut Florida New Jersey Pennsylvania London-listed Sportech has described 2018 as a challenging year for the business, which resulted in revenue declining 3.9%, though highlighted the success of cost control efforts that helped the business cut losses for the period. Finance Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino Topics: Finance Sports betting Horse racing Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter London-listed Sportech has described 2018 as a challenging year for the business, which resulted in revenue declining 3.9%, though highlighted the success of cost control efforts that helped the business cut losses for the period.Revenue for the 12 months ended December 31, 2018 fell to £63.7m (€73.6m/$83.9m), following declines from the Racing and Digital and Venues divisions.Racing and Digital saw revenue decline 4.1% as a result of contract losses in the Canada and the US in late 2017, which were offset in part by higher digital revenue and an increased contribution from the in-stadium raffle technology Bump 50:50.Over the year Sportech upgraded its proprietary Quantum System software to offer a range of lottery games to clients. Previously these were only available to a single customer through a legacy system. The range of pools and bet types supported by Quantum was also updated to include exotics offered by the likes of Pari-Mutuel Urbain, ZeTurf, and the Hong Kong and Macau Jockey Clubs.Racing and Digital’s US footprint was expanded during the year, with new long-term contracts or contract extensions signed with 18 customers. This includes a new deal with Parx Racing in Philadelphia and a new client in Arizona Downs. Its European footprint was expanded with the addition of Norsk Rikstoto and OPAP as commingling customers. Bump 50:50, meanwhile, expanded its customer base to 75 clients by the end of 2018.Looking to Venues, revenue was down 3.9% year-on-year to £30.4m. A slight increase in food and beverage revenue was offset by a decline in revenue from wagering, with Sportech blamed in lower VIP betting and a reduced number of track racing days in key markets such as New York, Florida and Pennsylvania. This was partially mitigated by a 25% increase in Triple Crown turnover.Sportech noted that wagering was further affected by untaxed and unlicensed out-of-state advance deposit wagering competitors over the year, which contributed to a 7.0% year-on-year decline in handle.The total revenue from each division amounted to £64.4m, though this was driven down by £665,000 in inter-divisional eliminations.Executive chairman Richard McGuire described the year as “challenging”, with company focus affected in the early months of 2018 by a (since-abandoned) sale process and senior management changes. This was accompanied by a strategic review, which has prompted the business to implement a range of measures to better manage its cost base.“Our new management’s vigilance in controlling costs will be a critical continued focus, while challenging and changing previous assumptions, behaviours, and processes,” McGuire said. “We see this as a key component to shifting the group’s market position, and to supporting the development of our entrepreneurial culture to quickly and adeptly explore new opportunities as they arise.”As a result of the revenue decline, cost of sales fell 5.1% to £17.6m for the year, with marketing and distribution costs falling to £2.0m. Net operating expenses were down 3.4% at £37.6m.This left adjusted earnings before interest, tax, depreciation and amortisation (EBTIDA) of £6.4m, down from £6.7m in FY2017. The company’s loss before interest and tax improved by 86.5% to £2.9m, compared to a prior year loss of £21.6m.Sportech ultimately posted a net loss of £2.6m, down from £24.4m in 2017, as a result of a £1.9m contribution from its discontinued Dutch business, which was sold to RBP Luxembourg in April last year.In the first quarter of 2019, Sportech has finalised its acquiring of igaming platform Lot.to, as it looks to expand the range of products and services it offers to new and potential customers.McGuire said the key focus for the year would be continuing to run the business in a cost-effective manner, while expanding the solutions it can provide to customers.
“Growth opportunities exist with the launch of new betting products and features and a resolute progress towards a future in US sports betting across both our business and our consumer-facing divisions,” he explained. “The acquisition of the Lot.to Systems platform and talent show a clear focus on developing digital initiatives further, which supports our continued evolution to deliver growth and drive operational efficiency.” Sportech revenue declines after challenging 2018 21st March 2019 | By contenteditor Email Addresslast_img read more

Puma Energy Zambia Plc HY2017 Presentation

first_imgPuma Energy Zambia Plc (PUMA.zm) listed on the Lusaka Securities Exchange under the Energy sector has released it’s 2017 presentation results for the half year.For more information about Puma Energy Zambia Plc (PUMA.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the Puma Energy Zambia Plc (PUMA.zm) company page on AfricanFinancials.Document: Puma Energy Zambia Plc (PUMA.zm)  2017 presentation results for the half year.Company ProfilePuma Energy Zambia Plc markets and distributes petroleum products and lubricants in Zambia; ensuring a secure, safe and affordable supply to the following sectors: business-to-business, retail, lubricant, aviation, bitumen, liquefied petroleum gas, storage, supply, bunkering, wholesale, marine systems and refining. It also owns 53 service stations, located in the main towns and cities of Zambia. Puma Energy Zambia is a subsidiary of Puma Energy International BV; a global energy business with integrated midstream and downstream operations in 50 countries across five continents. The Puma brand was created in Argentina in 1929 and founded to transport and market crude oil and its by-products. The energy company has undergone exceptional growth and now boasts an international footprint that includes the Americas, Africa, Europe and Middle East/Asia Pacific. Puma Energy Zambia Plc is listed on the Lusaka Stock Exchangelast_img read more

Canterbury to become England’s official kit partner

first_img“We believe we create the strongest kit out there – the last time our kit ripped in an international game was in 1976 – and we produce a technically advanced kit. The QBE Internationals in November will be the first presentation of the new kit, although it will be in retail from September onwards.”England have traditionally played in white, but Goldschmidt admitted today that the two parties were in discussions and any colour was possible for the new kit. What colour would you like to see England play in? LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS LONDON, ENGLAND – NOVEMBER 14: Steve Borthwick talks to Ugo Monye of England after the Investec Challenge match between England and Argentina at Twickenham on November 14, 2009 in London, England. (Photo by David Rogers/Getty Images) England played in a purple kit v Argentina in 2009Canterbury have dismissed concerns about England’s performance both on and off the field at the World Cup, and have already entered into discussions with Goldschmidt and her team at the RFU about the design of the new kit. Canterbury CEO Chris Stephenson said: “Having watched the Six Nations the team look re-energised and have presented themselves well, and we’re very excited about the future. England unveil their black kit at Twickenham in 2011THE RFU have signed a four-year deal with Canterbury, who will supply kit for England’s senior team, Saxons, Sevens, Women’s and age-grade teams from September 2012 until after the World Cup in 2015, as the official kit partner to England Rugby.England’s kit has been provided by Nike in recent years, who were the mastermind behind the controversial black kit unveiled just before last season’s World Cup in New Zealand, and although the brand were keen to continue their sponsorship a deal could not be reached. However, the RFU are delighted to have struck a deal with traditional rugby brand, and RFU Chief Commercial Officer Sophie Goldschmidt said: “The technical aspect that Canterbury put into their kit and the quality of it speaks for itself, and it’s important to have a technically advanced kit to give us an edge on the field.“Canterbury is the leading rugby brand worldwide and has been making kit for years, and that tradition is important to the RFU. This is a very significant partnership and we’re very excited about this new relationship.”Goldschmidt revealed that discussions with Nike had reached advanced stages, and added: “I would like to thank Nike who have invested a lot in us over many years. It’s a partnership that has ended amicably.”last_img read more

Nigel Owens with some Social Media DO’s and DON’Ts

first_imgWednesday Jan 15, 2014 Nigel Owens with some Social Media DO’s and DON’Ts Referee Nigel Owen’s runs through some of the IRB’s social media DO’s and DON’Ts for referees, professional players and of course, rugby fans too.While some use platforms such as Twitter to air their grievances, if you’re planning to use it as a professional tool to build or maintain your personal brand or keep credibility in tact, it’s probably best to stick to some of what the highly regarded Welsh referee says.ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Related Articles 81 WEEKS AGO scottish prop saves fire victim 84 WEEKS AGO New Rugby X tournament insane 112 WEEKS AGO Vunipola stands by his comments supporting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyDoctors Stunned: She Removes Her Wrinkles With This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

TK Maxx support Cancer Research UK’s Little Star Awards

first_img Retailer TK Maxx is sponsoring Cancer Research UK’s Little Star Awards, which recognises the courage of children who face cancer.Backed by celebrities including Leona Lewis and David Tennant, the awards, now in their sixth year, differ from others in that there is no judging panel: “Cancer Research UK and TK Maxx believe each and every child who confronts cancer is extra special”.Relatives and friends of young cancer patients or survivors from across the UK are being urged to nominate them now for special recognition in the run up to Christmas.Each Little Star will receive a £100 TK Maxx voucher, a chrome trophy and a certificate signed by a host of stars from the worlds of TV, music and sport.TK Maxx has supported Cancer Research UK since 2004. Its ‘Together for Kids’ fund has already raised £3 million this year.The awards are open to all under-17s who have cancer or have been treated for the disease in the last five years.To nominate a Little Star visit:www.cancerresearchuk.org/littlestar Howard Lake | 3 November 2008 | News Tagged with: Awards corporate About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. TK Maxx support Cancer Research UK’s Little Star Awards  24 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Concern about repeated threats to journalist probing murder case

first_img 2011-2020: A study of journalist murders in Latin America confirms the importance of strengthening protection policies September 10, 2004 – Updated on January 20, 2016 Concern about repeated threats to journalist probing murder case May 13, 2021 Find out more Organisation ColombiaAmericas to go further Follow the news on Colombia News RSF begins research into mechanisms for protecting journalists in Latin America RSF, IFEX-ALC and Media Defence, support FLIP and journalist Diana Díaz against state harassment in Colombia RSF_en center_img ColombiaAmericas News News Receive email alerts Reporters Without Borders expressed “great concern” today about repeated “serious threats” to a freelance journalist, Claudia Julieta Duque, who has accused Colombia’s intelligence service, the DAS, of interfering with the investigation of the 1999 murder of journalist and satirist Jaime Garzón.It urged the state prosecutor to make a rapid and thorough enquiry to find out where they were coming from, as a way to protect her.”She has asked the local prosecutor to look into the threats but he appears to have lost the case file,” the worldwide press freedom organisation said. “We fear the threats may be linked to her enquiries into the Garzón murder.”Duque has frequently been followed, harassed and threatened in recent years and such activity has sharply increased in the past few days. She received several anonymous phone calls on 7 and 8 September and managed to record some of them.She complained about the threats to the human rights office of the national police, which considered them very alarming. She supplied the registration numbers of vehicles that had followed her. But when the national Press Freedom Foundation, FLIP, asked the prosecutor’s office about how the investigation was going, it said it had no information on the case.The threats to Duque began in 1999, when she began looking into irregularities in the official investigation of the Garzón case, with whose prosecution Reporters Without Borders is officially associated. April 27, 2021 Find out more Reports October 21, 2020 Find out more Help by sharing this information last_img read more

Employers Holdings, Inc. Names Christopher Laws as Executive Vice President

first_img By Digital AIM Web Support – February 8, 2021 Twitter Facebook Employers Holdings, Inc. Names Christopher Laws as Executive Vice President Pinterest Twitter Facebook WhatsAppcenter_img TAGS  RENO, Nev.–(BUSINESS WIRE)–Feb 8, 2021– Employers Holdings, Inc. (NYSE:EIG) America’s small business insurance specialist®, today announced the appointment of Christopher Laws as executive vice president. Laws will also succeed Katherine H. Antonello as chief actuary after she transitions to president and chief executive officer of EMPLOYERS on April 1, 2021. Laws joins EMPLOYERS from American International Group, Inc. (AIG) in New York, where he most recently served as the chief actuarial administration officer for AIG’s global general insurance business. Before AIG, Laws worked at the National Council on Compensation Insurance, Inc. in Boca Raton, Florida. Laws earned his B.A. in Mathematics at the University of Florida and is a fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries. The range and depth of his rating bureau and large carrier actuarial experience, which spans finance, reinsurance, operations and data science, provides him the specialized skill set needed to lead EMPLOYERS’ actuarial team. “Chris brings to EMPLOYERS a highly sought-after combination of skills, including a deep understanding of advanced modeling, a proven track record of modernizing complex insurance processes, and exceptional leadership and communication skills,” said Antonello. “The talent he brings to the EMPLOYERS team will accelerate the development and deployment of leading-edge strategies to support our small business customers.” “EMPLOYERS has offered best in class workers’ compensation coverage for over a century, and I’m honored to join a company with such a rich history in an area where I share a passion,” said Laws. “EMPLOYERS is a specialized company with forethought and an eye toward innovation that sets the company apart in customer focus and entrepreneurial spirit.” About Employers Holdings, Inc. EMPLOYERS® and America’s small business insurance specialist® are registered trademarks of EIG Services, Inc. Employers Holdings, Inc. is a holding company with subsidiaries that are specialty providers of workers’ compensation insurance and services focused on select, small businesses engaged in low-to-medium hazard industries. The Company operates throughout the United States, with the exception of four states that are served exclusively by their state funds. Insurance is offered through Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, Employers Assurance Company, and Cerity Insurance Company, all rated A- (Excellent) by the A.M. Best Company. Not all companies do business in all jurisdictions. See www.employers.com and www.cerity.com for coverage availability. View source version on businesswire.com:https://www.businesswire.com/news/home/20210208005639/en/ CONTACT: Press Contact Taryn O’Grady Allison+Partners (310) 751-8867 [email protected] KEYWORD: UNITED STATES NORTH AMERICA NEVADA INDUSTRY KEYWORD: SMALL BUSINESS PROFESSIONAL SERVICES INSURANCE SOURCE: Employers Holdings, Inc. Copyright Business Wire 2021. PUB: 02/08/2021 12:00 PM/DISC: 02/08/2021 12:01 PM http://www.businesswire.com/news/home/20210208005639/en Previous articleBAE Systems Debuts Groundbreaking AI Products on AWS GovCloud (US)Next articleCalifornia Pizza Kitchen Spreads the Love on Valentine’s Day by Bringing Back Its Popular Heart-shaped Pizza, Sweet Deal for Two Promotion and Sweepstakes, and More Digital AIM Web Support Local NewsBusiness Pinterest WhatsApplast_img read more

Late Quaternary glacial history, flow dynamics and sedimentation along the eastern margin of the Antarctic Peninsula Ice Sheet

first_imgGeological and geophysical data from the NE Antarctic Peninsula continental shelf are used to reconstruct the glacial history, flow-dynamics and sedimentation of the Antarctic Peninsula Ice Sheet (APIS) along its eastern margin during the Late Quaternary. Ice advanced to the shelf edge during the Last Glacial Maximum (LGM) and deposited a stiff till across the shelf. The presence of highly attenuated bedforms indicates that fast-flowing outlets drained the APIS through cross-shelf troughs to the outer shelf after this ice advance. The bedforms are formed in deformation till in response to deforming bed processes. Deglaciation of Robertson Trough and the troughs of Prince Gustav Channel, Larsen-A and Larsen Inlet was continuous (and possibly rapid) on account of the absence of ice-margin recessional features. In contrast, grounding-zone wedges across the shelf of Northern Larsen-A and south of Prince Gustav Channel indicate that ice retreat was gradual and was punctuated by stillstands. The transition from a grounded ice sheet to ice shelf conditions was completed before 11–12 14C ka BP on the shelf south of Prince GustavChannel, and is marked across the shelf by a change from subglacial till to a transitional heterogeneous unit dominated by coarse-grained facies. Transitional sediments record mainly sub-ice shelf rain-out and restricted bottom current and sediment-laden plume activity, as well as localised debris flows. Meltwater-derived facies are largely absent indicating that release of meltwater was not significant beneath polar ice shelves, or during deglaciation of the APIS. In the broader context, the colder, eastern side of the APIS was extensive and was drained mainly through fast-flowing outlets (palaeo-ice streams). Therefore, the eastern APIS would have been an important contributor to sediment and iceberg flux to the Weddell Sea Embayment during the LGM and subsequent deglaciation.last_img read more