Update on the latest sports March 20, 2020 The 42-year-old quarterback who spent the first 20 years of his career with the New England Patriots announced his decision Friday in an Instagram post and thanked the Bucs for the opportunity.The deal guarantees $50 million and includes a $10 million signing bonus and $15 million salary for 2020. The signing comes three days after Brady announced on social media that he would not return to New England, ending his historic run with the Patriots.He joins an offense that led the NFL in passing yards last season. The aerial attack features a pair of 1,000-yard receivers in Mike Evans and Chris Godwin, along with tight ends O.J. Howard and Cameron Brate.In other NFL news:— Running back Todd Gurley has accepted a contract with the Falcons, one day after being released by the Los Angeles Rams. The one-year, $6 million agreement was confirmed to The Associated Press by a person familiar with the deal, who also says Gurley needs to pass a physical. Gurley rushed for more than 1,000 yards in three of his five seasons with the Rams, but he ran for a career-low 857 yards last year. UNDATED (AP) — Georgia guard Anthony Edwards has announced his plans to enter the NBA draft after leading all NCAA freshmen in scoring.Edwards’ spot in the next NBA draft was expected even before he played his first game for the Bulldogs. The Atlanta product was one of the nation’s top recruits last season and has been regarded as one of the top draft prospects.The 6-foot-5 Edwards averaged 19.1 points and 5.2 rebounds for the Bulldogs.In other college basketball news:— Loyola Marymount has hired Stan Johnson as its basketball coach, replacing Mike Dunlap. Johnson spent the last five years at Marquette, most recently as associate head coach. The Golden Eagles reached the NCAA Tournament in 2017 and 2019. He was also on coaching staffs at Arizona State, Drake, Utah and Cal State Northridge. Dunlap was dismissed on March 8 after going 81-108 in six seasons. The 21-year-old Harper just finished his senior season at Boston University matching his career high with 37 points and a career-best 14 goals. The 5-foot-7, 150-pound forward finished 15th in the NCAA among all skaters averaging 1.16 points a game and was second on his team in points to David Farrance, also a Predators’ prospect.COLLEGE FOOTBALL-MICHIGAN STATE-LAWSUITJudge says lawsuit filed by MSU football staffer should be dismissedDETROIT (AP) — A federal judge has recommended that a former Michigan State football staff member’s claims against former Spartans football coach Mark Dantonio, former athletic director Mark Hollis and former school President Lou Anna Simon should be dismissed.Curtis Blackwell filed a lawsuit in November 2018 claiming his employment agreement was violated when he was disciplined while the school addressed sexual assault allegations against three players in 2017. Dantonio, Hollis and Simon were named as defendants in the suit. Two MSU police detectives were also named as defendants. — The Bills have confirmed they are acquiring receiver Stefon Diggs in a multi-draft-pick trade with the Vikings. The trade was agreed to Monday and announced Friday by both teams. Minnesota gets four draft choices, including the 22nd overall in the upcoming draft. Diggs has topped 1,000 yards receiving each of his past two years.— The Steelers have agreed to terms with veteran tight end Eric Ebron, giving quarterback Ben Roethlisberger another proven red zone target. Ebron reached the Pro Bowl in 2018 while catching 13 touchdowns but was limited most of last season while battling an ankle injury. The Steelers also agreed to terms with guard Stefen Wisniewski, a Pittsburgh native.— The Broncos have worked out a two-year deal with former Chargers running back Melvin Gordon. A person with knowledge of the deal told The Associated Press that it’s worth $16 million with all but $2.5 million guaranteed. The two-time Pro Bowl selection has three dozen rushing touchdowns over the last four seasons and 47 touchdowns overall. Gordon totaled 908 scrimmage yards after recording over 1,200 scrimmage yards in three straight seasons from 2016 to ’18.— Saints left guard Andrus Peat has agreed to a five-year, $57.5 million contract that keeps him in New Orleans. The package virtually ensures the entire 2019 starting offensive line will return.— Defensive end Everson Griffen and his agent say they were unable to come to contract terms with the Vikings due to salary-cap constraints. Griffen is the longest-tenured player on the Vikes, having played 10 seasons in purple and recording eight sacks in 2019. VIRUS OUTBREAK-SPORTSUSA Swimming wants Olympic postponementUNDATED (AP) — The head of USA Swimming is calling for a postponement of the Tokyo Olympics.CEO Tim Hinchey has sent a letter to leadership at the U.S. Olympic and Paralympic Committee urging it to push for a 12-month delay. In his letter, Hinchey noted the unimaginable disruptions athletes have experienced during the coronavirus crisis.The committee didn’t immediately respond to the letter. But earlier Friday, its leaders said there was no rush to postpone the Olympics. In other virus-related developments:— The Florida Panthers have been told by the state Department of Health that a part-time employee at the team’s arena tested positive for the coronavirus. The employee tested positive on March 15 and is self-quarantined while receiving medical care.— The XFL has canceled the remainder of its return season because of the coronavirus pandemic. Commissioner Oliver Luck released a statement saying the decision was made “with the health and safety of the entire XFL family as our top priority.”— The National Women’s Soccer League is delaying the start of the regular season because of the coronavirus. The league announced Friday that it is imposing a moratorium on training through April 5. The season was slated to begin on April 18.— Formula One is setting up a series of virtual races to replace postponed or canceled Grand Prix events. The series says a “number of current F1 drivers” will take part in the races, with the first set for Sunday. The Yankees announced two weeks ago that Judge had a stress fracture to his first right rib. Judge says the bone is “healing the way it should be.”The 27-year-old didn’t play in any spring training games because of soreness in his right pectoral muscle and shoulder.With opening day pushed back into mid-May at the earliest due to the coronavirus outbreak, Judge has more time to recover without missing games.Also around the majors:— Hard-throwing Padres reliever Andres Munoz and minor leaguer Reggie Lawson have undergone Tommy John surgery. Munoz made his major league debut for San Diego last season, going 1-1 with a 3.91 ERA and 30 strikeouts in 23 innings over 22 games. The 22-year-old Lawson was 3-1 with a 5.20 ERA in six starts with Double-A Amarillo last season before being shut down by elbow pain. — The Cowboys are bringing back several of their depth players, reaching agreements with linebackers Joe Thomas and Justin March, Dallas also re-signed offensive lineman Joe Looney and worked out a deal with safety Ha Ha Clinton-Dix.MLB-NEWSJudge reveals he had collapsed lung, says rib improvingUNDATED — New York Yankees slugger Aaron Judge has revealed he had a collapsed lung that has healed and said his broken rib is improving.Judge had a CT scan on Friday and he said it showed that a “pneumothorax came back completely gone.” Associated Press — North Florida and men’s basketball coach Matthew Driscoll have agreed to a three-year contract extension that runs through 2025. Driscoll has spent the last 11 seasons at UNF and led the Ospreys to the NCAA Tournament in 2015. He is 184-179 at UNF, with 105 of those wins coming in Atlantic Sun Conference play.— UAB has hired former Mississippi coach Andy Kennedy to lead its basketball program, giving him a six-year contract. The school didn’t disclose contract details, and the hiring pends official approval by the University of Alabama System Board of Trustees. Kennedy replaces Robert Ehsan, who lasted four seasons as the Blazers head coach.NHL-PREDATORS-HARPERPredators sign prospect to entry-level dealNASHVILLE, Tenn. (AP) — The Nashville Predators have signed forward Patrick Harper to a two-year, entry-level contract. UNDATED (AP) — Dayton star Obi Toppin (OH’-bee TAH’-pihn) is the lone unanimous first-team choice to The Associated Press college basketball All-America team.Toppin is Dayton’s first first-team AP All-American after averaging 20 points. 7.0 rebounds and shooting 63% in a breakout season. The 6-foot-9 sophomore helped the third-ranked Flyers match the program’s highest ranking in the final AP Top 25.Toppin is joined on the First Team by Iowa’s Luka Garza, Marquette’s Markus Howard, Myles Powell of Seton Hall and Oregon’s Payton Pritchard.COLLEGE BASKETBALL-NEWSBulldogs losing Edwards to NBA draft Share This StoryFacebookTwitteremailPrintLinkedinRedditNFL-NEWSTom Brady signs with BuccaneersUNDATED (AP) — Six-time Super Bowl champion Tom Brady has signed a two-year contract with the Tampa Bay Buccaneers, saying he is embarking on a “new football journey.” — The LPGA Tour commissioner has provided a little hope amid more postponements. He says the ANA Inspiration has been rescheduled for Sept. 10-13. The LPGA’s first major in the California desert had been scheduled for April 2-5. It’s the first postponed LPGA event to be rescheduled.— All rugby in England below the top-flight Premiership has been canceled for the season. The chief executive of the Rugby Football Union says the decision was taken “to assist with long-term planning and provide clarity to the game at a time of continuous change” during the virus outbreak.— The Olympic flame has arrived in Japan from Greece and was greeted in a scaled-down ceremony at an air base in northern Japan. The flame touched down Friday amid questions about whether the Tokyo Games can open as scheduled on July 24 because of the coronavirus pandemic.COLLEGE BASKETBALL-AP ALL-AMERICANSToppin a unanimous All-American Magistrate Judge Sally J. Berens said in a filing that the case against Dantonio, Hollis and Simon “appears to have been prosecuted for an improper purpose and should be dismissed.” Berens did not recommend dismissing the claims against the detectives.BASKETBALL-OBIT-ERICKSONFormer Bucks GM, Wisconsin coach diesLENEXA, Kansas (AP) — Former Milwaukee Bucks general manager and Wisconsin men’s basketball coach John Erickson has died at 92.Erickson served as the Bucks’ general manager from 1968-70. He was in that role when the Bucks won a coin flip with the Phoenix Suns and earned the right to select eventual NBA career scoring leader Kareem Abdul-Jabbar, then known as Lew Alcindor, with the first pick in the 1969 NBA draft.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6
London, United Kingdom | AFP | Alexis Sanchez shone in a winning Manchester United debut on Friday after a thumping 4-0 win at the humble ground of lower-league Yeovil Town eased Jose Mourinho’s team into the fifth round of the FA Cup.The Chile international was named in the starting line-up just days after he signed for United from Arsenal in a swap deal with Henrikh Mkhitaryan and was involved in the build-up to the first two goals.Fresh from signing a contract extension with United, Mourinho put out a much-changed side for the fourth-round clash in his 100th competitive match in charge but the visitors still had far too much firepower for fourth-tier Yeovil.Sanchez lined up alongside Michael Carrick at Huish Park, with the veteran midfielder making his first start since September after he received treatment for an irregular heart rhythm.It was the second time the sides have met in the Cup in four seasons and United were desperate to avoid an embarrassing slip-up against a side fighting for their lives in the bottom reaches of League Two.Yeovil produced one of the biggest shocks in FA Cup history in 1949 when they defeated top-tier Sunderland and although the competition has lost some of its lustre in recent years, Friday’s match had the feel of an old-fashioned tie.United dominated possession early in the game but were unable to create many clear-cut chances despite a potent-looking forward line featuring the likes of Sanchez, Marcus Rashford and Juan Mata.– Sanchez sharp –Sanchez, wearing United’s iconic number seven shirt, looked sharp on the left side of the attack, drifting into central areas to orchestrate United’s attacks and taking some knocks from the rugged hosts.Seconds after he shot narrowly wide from the edge of the area, he was involved in the build-up to the opening goal, releasing Rashford on the edge of the box.Rashford lost control of the ball but a disastrous defensive mix-up in the home-side’s penalty area gifted the 20-year-old forward with a clear opening, and he made no mistake, giving United the lead five minutes before half-time.The football was scrappy after the interval, with the rotated United line-up struggling to find attacking rhythm but they extended their lead with half an hour to go, with Sanchez again central to the move. The Chilean carried the ball forward during a United break and fed Ander Herrera, who finished impressively with his left foot.Substitutes Jesse Lingard and Romelu Lukaku added gloss to the scoreline with a goal apiece in the dying minutes.Elsewhere on Friday, Sheffield Wednesday beat Reading 3-1 in an all-Championship clash.On Sunday, Pep Guardiola’s City, who remain on course for an unprecedented quadruple after reaching the League Cup final, have a tough challenge on their hands away to Cardiff, third in the Championship.Chelsea face Newcastle in an all-Premier League fixture at Stamford Bridge on the same day, licking their wounds after defeat League Cup semi-final to Arsenal.In another all Premier-League tie on Saturday, Liverpool host West Brom looking to bounce back after defeat to bottom club Swansea ended their 18-match winning run in all competitions.Nottingham Forest’s reward for dumping out champions Arsenal in the third round is a trip to Hull. Share on: WhatsApp
Kent Tekulve( Photo by J. Meric/Getty Images)PITTSBURGH (AP) – Former Pittsburgh Pirates relief pitcher Kent Tekulve (teh-KUL’-vee) is recovering from heart transplant surgery.Allegheny General Hospital officials announced Tuesday that Tekulve was discharged on Friday after having the transplant on Sept. 5. The hospital released a statement from Tekulve and his doctors after the Pittsburgh Tribune-Review first reported the surgery in an interview with Tekulve Monday night.Tekulve works for Root Sports Pittsburgh, regularly appearing on studio shows before and after Pirates games.Tekulve’s surgeon, Dr. Stephen Bailey, says Tekulve is doing “extremely well” and should be “resuming normal daily activities very soon.”Tekulve thanked his family and friends, the Pirates, Root Sports, and the medical staff and expressed “eternal gratitude for the gift of life that I received through organ donation.”Tekulve hopes to resume his TV duties by spring training.
“I personally have historic restoration experience, so I’m not uncomfortable doing this,” said Brooks, who revealed in an exclusive interview that a restaurant and a Showroom Cinema movie theater will be included in the renovated Barker’s Circle, which includes Kaplan Hall. OCEANPORT – Fort Monmouth’s Barker Circle complex, a 20-acre site located directly inside the Oceanport Avenue entrance to the former U.S. Army base, is now under a Purchase, Sale, and Redevelopment Agreement with Regional Development Group, LLC (RDG). The pending sale was unanimously approved by the Fort Monmouth Economic Revitalization Authority (FMERA) at its Sept. 18 meeting. “It’s significant due to its location right on Oceanport Avenue,” said Robert Lucky, FMERA interim chairman. “It will give some sign to those driving by that things are happening there.” “The plan is really nice. It looks like a great project that will make a great statement,” said Bruce Steadman, FMERA executive director. “It will make a very welcoming entrance.” The mixed-use project will also include 75 residential units broken out as 60 market rate units and 15 affordable housing units for sale or rent, some slated for veterans. A structure on the property known as Building 282 is currently occupied by the Oceanport Police Department, which will vacate it upon completion of new headquarters, part of an adjacent 13-acre parcel being transformed into the new Oceanport Municipal Complex. “The fort offers us an exciting opportunity to not only expand our brand, but adaptively reuse a building that was originally a movie theater,” Sodano said. “It will tap into a community that will be building over the next 10 to 20 years and gets us a whole different audience in that area. We hope to have a design that is unique and have the ability to provide rental and event space, which is successful in Asbury Park. We’re also investigating ways to offer beer and wine service.” Fort Monmouth was granted a dozen liquor licenses by the state last year to help spur redevelopment. By Laura D.C. Kolnoski RDG’s investment in the project is expected to be $22.5 million. It’s estimated that 70 part-time or full-time temporary construction jobs will be created, with 25 permanent full-time and 15 part-time jobs to follow. As per FMERA rules, the purchaser must pay a penalty of $1,500 for each projected job not created. “We are rehabilitating the existing 16,000 square feet and adding 8,000 more,” Brooks said. Last week, at the local planning board’s request, RDG brought in an arborist to undertake a tree survey to determine the number, location and condition of trees on the parcel. Brooks said he expects to apply for permits within the next 30 days. The latest rendering of The Loft, a microbrewery and event venue in Fort Monmouth’s former Dance Hall, depicts gardens and outdoor space.Photo courtesy FMERA Located in the 100-year-old fort’s National Register Historic District, the parcel contains seven buildings totaling approximately 198,600 square feet. The buildings are considered “contributing historic resources subject to historic preservation covenants,” according to FMERA documents. “Four residential buildings, one office building, one restaurant and a three- screen movie theater. That’s the plan,” Brooks said, adding his proposal must go before the Oceanport Planning Board once the formal FMERA due diligence period is successfully completed, which can take 90 days or more. Required permits and approvals must be obtained within nine to 15 months of the end of the due diligence period. While Brooks confirmed a waterfront restaurant will be part of the revitalized Barker Circle, he said it is “too early” to discuss details. He noted the building intended for it has bay doors, 18-to-20-foot ceilings and second floor space with kitchen facilities from when it was used as a firehouse by the U.S. Army, making it “a unique space.” In August, Brooks’ firm received unanimous approval from the Oceanport Planning Board to move forward with The Loft, the microbrewery and event space on 4.2 acres being created in the 1940s former fort Dance Hall. Due to severe damage from Super Storm Sandy, the building had to be gutted and the roof rebuilt, Brooks said. A new front and two second floors are also being added. RDG, co-founded by Fuller “Trip” Brooks, purchased the fort’s former Dance Hall last year and is currently redeveloping that into The Loft, a microbrewery nearby in Oceanport due to open next summer. RDG prevailed as the highest ranked qualified bidder over four other proposals received for Barker’s Circle. The purchase price is $4.85 million. THE LOFT UPDATE “Kaplan Hall was a museum, but it was a 400-to-500-seat movie theater before that,” he said. “The original floor is still there. I thought of Mike Sodano of the Showroom Cinemas in Asbury Park and Bradley Beach. Mike was very interested in opening there and he became part of my proposal. It would be his third location, with three screens.” “We’re following the steps. It’s going well and we’re excited to get it going,” he said.
ARCADIA, Calif. (Sept. 28, 2016)–Santa Anita Park has announced that it will again offer fans free shuttle service connecting The Great Race Place with the Metro Gold Line Arcadia Station beginning opening day of the track’s 23-day Autumn Meet on Friday, Sept. 30.Beginning tomorrow, the Santa Anita shuttle will run on all race days and will operate in conjunction with Arcadia’s Transit Shuttle, providing fans with a non-stop trip to and from Santa Anita.The Santa Anita Shuttle will operate with pickup and drop off service available every 20 minutes, from 10:30 a.m. to 6:30 p.m. each racing day.Santa Anita Ambassadors will be available to assist fans who may have questions regarding their visit to Santa Anita.In addition to the Santa Anita Shuttle, the Arcadia Transit Green Line Shuttle, which features stops at Santa Anita, Methodist Hospital, the Westfield Santa Anita Mall and the L.A. County Arboretum, will operate seven days a week from 7:10 a.m. to 6:36 p.m.Regular post times are 12:30 p.m. on weekends and 1 p.m. on weekdays. For closing week post times, please visit santaanita.com. TRACK’S 23-DAY AUTUMN MEET TO OPEN ON FRIDAY WITH FIRST POST TIME AT 1 P.M.
State Assets Recovery Bill consultationsThe Legal Affairs Ministry and the Attorney General Chambers hosted a stakeholders consultation on the Draft State Assets Recovery Bill 2016 during which concerns of political influence, as well as the amount of powers instilled in the Director of what would be the State Assets Recovery Agency (SARA) were raised.From left: World Bank Representative Elsa Gopala; Chief Parliamentary Counsel Cecil Dhurjon; Legal Affairs Minister Basil Williams; British Fraud Expert Brian Horne; SARU Director, Professor Clive Thomas; and a representative from the Legal Affairs Ministry at the public consultation session on ThursdayThe Bill introduces the State Assets Recovery Act 2016, which seeks to establish SARA – the organisation that will be responsible for recovering, through civil proceedings, State properties unlawfully acquired by public officials or any other persons. The proposed legislation is slated to be tabled in Parliament following its August recess.Thursday’s consultation session ran for about two hours, during which stakeholders made queries, raised concerns and even made recommendations on the drafted legislation.Among the concerns outlined was the fact that there is a political imbalance of the Parliamentary Appointments Committee, which will be tasked with selecting the Director of SARA. This concern was made by Head of the Guyana Human Rights Association (GHRA), Mike Mc Cormack, in light of concerns made by the political Opposition that most of the individuals that the State Asset Recovery Unit (SARU) – which will be incorporated into SARA – went after had served under the People’s Progressive Party/Civic (PPP/C) regime and most of whom are members of the Party.The GHRA head outlined that the presence of bipartisan involvement in the appointment of the SARU Director was in fact done in favour of the Government, which not only chairs the Appointment Committee but has majority members.Mc Cormack noted, “It is effectively a partisan appointment given the powers that are being wielded are enormous.”However, Attorney General and Legal Affairs Minister Basil Williams pointed out that in drafting the proposed legislation, efforts were made to have the best procedure that will satisfy all stakeholders. He referred to the appointment of the Director, Deputy Director and two other staff members for the Financial Intelligence Unit (FIU),nothing that even though it took almost a year, they were eventually selected in consensus.“The path of inclusivity is where we are on,” the Minister remarked. He went on to highlight that there has been a difference in the culture that is present within the Parliamentary Appointive Committee than of that which is seen on the floor of the National Assembly.“We believe that any other route will still raise doubts about partisanship and biasness,” Williams posited.Moreover, concerns were voiced by the President of the Guyana Bar Association (GBA), Gem Sandford-Johnson over the amount of powers instilled in the Director and recommended that a Board of Directors be installed to govern the agency. However, the Attorney General explained that it would not be effective for there to be too many heads over the agency, whose work will be attended by secrecy and confidentially.In addition, the Chief Parliamentary Counsel, Cecil Dhurjon, had commented that the Agency will be under the scrutiny of Parliament on a yearly basis. He further noted that when a Director is appointment, it has to be someone of high calibre and great integrity.“The present Director appointed is the distinguish Professor (Clive Thomas)… you want to appoint someone to watch the distinguish Professor,” he asked.On the other hand, the financial sector also sought to seek clarity on the impact the proposed legislation will have on its policies. Representative from the Guyana Bank for Trade and Industry (GBTI), Nazla Faizoul, expressed concerns over the fact that confidential information will be in the hands of law enforcement officials and investigators.“The banks are a bit concerned with the extent to which we are required to divulge customer information,” she stated, disclosing that currently, the bank has received requests and instructs from organisations such as the FIU, the Special Organised Crime Unit (SOCU) among others.“I know that we are excused from liability for divulging that information… (but) should information fall into the hands of others, others who may be asked to assist SARU with investigations, that they same level of confidentiality be applied to them… I just wanted to underscore the importance for us to limit the pool of persons as far as possible,” Faizoul outlined.Among the stakeholders at the consultation session, which was held at the Pegasus Hotel, were members from the Judiciary, the Guyana Bar Association, transparency organisations, the Private Sector and others.Addressing the gathering in the opening session, Minister Williams pointed out that this step is his Government’s commitment to the fight against corruption.The Bill was conceptualised with the assistance of various international partners including the United States. To this end, US Ambassador Perry Holloway, delivering remarks before the plenary session pointed out that such legislation will bring Guyana in alignment with international conventions, as he pledged his country’s continuous support.
Share Facebook Twitter Google + LinkedIn Pinterest Axis Seed of Ohio, LLC and Meristem Crop Performance, LLC announced today a strategic alliance agreement that will disrupt traditional inefficient marketing channels by bringing more crop input options to Ohio farmers. Axis is an independent direct-to-farm genetics company that has the unique ability to bring corn hybrids and soybean varieties to market that deliver exceptional performance in soil types specific to key Ohio counties. Meristem is a direct-to-farm supplier of micronutrients, seed treatments, nitrogen stabilizers, spray adjuvants and plant growth regulators widely used across the corn belt with proven results.“The farmers that I have served in Ohio over the last 20 years are aggressively seeking solutions to produce more output per unit input,” said Nathan Louiso, Axis of Ohio president. “The Meristem leadership team and proven product portfolio will allow farmers and organizations in Ohio that choose to align with Axis to remove costly inefficiencies in their operations.”In late 2018, Meristem and Axis established a preliminary co-marketing agreement to put select Meristem products to work in Ohio farm fields. The success of the initial program has led to the creation of a broader strategic alliance where Axis will distribute the entire Meristem portfolio across Ohio.“I am thrilled to work with Nathan Louiso and Axis Seeds in Ohio. Nathan’s track record of customer service and agronomic excellence is unmatched,” said Mitch Eviston, president of Meristem Crop Performance. “Together Meristem and Axis can bring yield optimizing solutions direct to farm businesses to drive out wasteful expenses caused by an antiquated crop input retail and distribution system.”Meristem and Axis look forward to formally engaging with farmers and kicking off their new relationship at Farm Science Review 2019.
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (14,667.83, down 60.45 points).Aurora Cannabis Inc. (TSX:ACB). Health care. Up 26 cents, or 3.39 per cent, to $7.93 on 20.1 million shares.Aphria Inc. (TSX:APHA). Health care. Up 67 cents, or 8.9 per cent, to $8.20 on 14.9 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up eight cents, or 3.8 per cent, to $2.18 on 9.8 million shares.RNC Materials Corp. (TSX:RNX). Metals. Up five cents, or 10 per cent, to 55 cents on 7.3 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down 19 cents, or 0.95 per cent, to $19.85 on 6.5 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Down nine cents, or 3.9 per cent, to $2.22 on 5.9 million shares.Companies reporting major news:Cenovus Energy Inc. (TSX:CVE). Up six cents to $10.10. Oilsands producers Cenovus Energy and Athabasca Oil Corp. have announced capital budgets that restrict spending to what’s required to almost maintain current production levels in 2019. Cenovus said it will spend between $1.2 billion and $1.4 billion next year, down about four per cent from this year’s budget, with a target of a two per cent decline in overall production to between 472,000 and 500,000 barrels of oil equivalent per day in 2019. Smaller Athabasca is cutting its spending by about half and will also reduce the number of Calgary head office staff by 25 per cent and cut its executive and director salaries by 10 per cent to save money.Enbridge Inc. (TSX:ENB). Up three cents to $42.12. Enbridge is proposing a fundamental change in how it assigns space on its Mainline pipeline system that will allow up to 90 per cent of its capacity to be reserved for priority customers. The 2.85-million-barrel-per-day network of pipelines operates as a common carrier, where customers nominate the volume of crude they would like to ship each month. Those nominations have exceeded the volume available for much of 2018, leading to “apportioning” or cutbacks in all shipments, which have angered many producers.MTY Food Group Inc. (TSX:MTY). Down 22 cents to $62.77. MTY Food has signed a deal to acquire South St. Burger, a chain of gourmet burger restaurants, for an undisclosed price. The burger chain will join MTY’s stable of restaurants that includes food court staples such as Thai Express, Vanellis and Manchu Wok as well as Baton Rouge, Pizza Delight and Scores restaurants. South St. has 26 franchised and 14 corporate restaurants.The Canadian Press
Washington: US Secretary of State Mike Pompeo on Monday hoped that India will not be the “economic lifeline” to the “authoritarian” regime of Venezuelan President Nicolas Maduro by purchasing oil from the Latin American country. Pompep’s comments came as Washington ramps up actions on Maduro’s regime, which is battling to hold onto power in the face of heavy domestic and international pressure. Venezuela is the third largest supplier of oil to India which is the world’s third-biggest oil consumer. Also Read – Maruti cuts production for 8th straight month in Sep The issue was discussed in a meeting with the visiting Indian Foreign Secretary Vijay Gokhale, Pompeo told reporters at a news conference here, without providing insight into it. “We are asking the same thing of India as we are of every country: Do not be the economic lifeline for the Maduro regime. So we talked about (Venezuela) I certainly won’t characterise the conversations; they’re private conversations,” Pompeo said in response to a question. Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to Customs “In the same way that India has been incredibly supportive of our efforts in Iran, I’m confident that they too understand the real threat to the Venezuelan people. We had a good conversation around that,” Pompeo said. The Latin American country’s Oil Minister and state-run oil company PDVSA’s President Manuel Quevedo told reporters in Greater Noida in Uttar Pradesh last month that his sanctions-hit country wants to sell more crude oil to India. The US has slapped sweeping sanctions on PDVSA with a view to curb Venezuela’s crude exports and put pressure on socialist President Maduro to step down. Venezuela produces around 1.57 million barrels of oil per day, half of what it produced two decades back. With the US stopping imports from Venezuela, PDVSA is seeking to retain buyers in other big consuming countries such as China and India. At the news conference, Pompeo said the nations that support Venezuelan President Nicolas Maduro are, by the nature of this “illegitimate” regime, carrying out the very foreign interventionism of which they accuse others. “Today, the United States is drawing a clear line between those who aid the forces of repression and those who give life to the Venezuelan people’s democratic dreams. There is no ambiguity here about the truth,” he said. Similar kind of warning to other nations was issued by US National Security Adviser John Bolton. “The United States will not stand idly by while foreign financial institutions facilitate illegitimate transactions that benefit Maduro and his cronies, and perpetuate the corruption that has devastated Venezuela,” he said. Earlier in the day, the Treasury sanctioned a Russia-based bank attempting to circumvent US sanctions on Venezuela’s state-owned oil company PDVSA. It sanctioned Evrofinance Mosnarbank, a Moscow-based bank jointly owned by Russia and Venezuela, for being involved in facilitating illegitimate transactions that prolong Maduro’s usurpation of democracy, it said. “The illegitimate Maduro regime has profited off of the suffering of the Venezuelan people,” said US Treasury Secretary Steven Mnuchin. “This action demonstrates that the United States will take action against foreign financial institutions that sustain the illegitimate Maduro regime and contribute to the economic collapse and humanitarian crisis plaguing the people of Venezuela,” he said. In another tweet, Bolton asked international banks not to have relationship with the maduro regime. “Bankers: Do not help Maduro and his accomplices steal the assets of the Venezuelan people. The United States is watching. The world is watching. The Venezuelan people are watching,” he said. Maduro is facing a challenge from opposition leader Juan Guaido who declared himself acting president in January. The US views Guaido as Venezuela’s legitimate leader and has imposed sanctions on the country’s oil sector besides taking other actions targeting top government officials.