LEGAL CASES STEMMING FROM OIL SPILL

first_img whatsapp LEGAL CASES STEMMING FROM OIL SPILL The US Department of Justice yesterday joined the hundreds of lawsuits that have been filed as a result of the Gulf of Mexico oil spill, the largest in US history:TYPES OF LAWSUITS– The vast majority are for economic losses filed under the Oil Pollution Act, seeking to recover lost wages or damage to a business. Thousands have claimed they were harmed by the spill, including shrimpers, owners of commercial vessels, seafood processors and even owners of nail salons.– Personal injury and wrongful death cases brought by workers hurt in the blast and by families of the 11 killed.– The states of Louisiana and Alabama have filed lawsuits over claims for loss of resources, loss of tax revenue and response costs for the cleanup. The federal government is pursuing civil penalties under the Clean Water Act that could top $4,300 per barrel of spilled oil, or $20BN, if gross negligence is determined.– Securities-related claims have been filed on behalf of investors who bought BP’s stock, which lost half its value in the months after the rig explosion.LOCATION OF CASES– Most have been filed along the Gulf Coast, in Texas, Louisiana, Mississippi, Alabama and Florida. But some cases have been filed as far away as Ohio and California.– About 379 cases, the vast majority of the federal cases, have been consolidated with a federal court in New Orleans. The court is coordinating discovery and other procedural matters. The court has scheduled “test trials” for next year to determine which parties are potentially at fault.– The securities-related lawsuits are before a federal court in Houston.DEFENDANTS— BP has been the focus of the lawsuits, but other parties sued include:-Anadarko Petroleum Corp, which owns a 25-per cent stake in the Macondo well that spewed the oil.– MOEX Offshore, which holds a 10 per cent interest in the well.– Transocean, a Swiss company that owned the Deepwater Horizon rig, which it leased to BP.– Halliburton Energy Services, which cemented the blown-out well.-Cameron International Corp, which manufactured the blow-out preventer valve that was meant to prevent a spill from the well.-M-I LLC which provided drilling fluids for the well.-Weatherford International, a Swiss company that was involved in the casing process for the well.-Hyundai Heavy Industries, which manufactured the Deepwater Horizon rig. Wednesday 15 December 2010 9:00 pm whatsappcenter_img Show Comments ▼ KCS-content Share Tags: NULLlast_img read more

Weather is just the final straw

first_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPuffer fish snaps a selfie with lucky divernypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Show Comments ▼ Weather is just the final straw KCS-content whatsapp Tags: NULL Share whatsapp Tuesday 21 December 2010 8:28 pm IT isn’t just the snow that has stymied Alexon. True, the combination of closed stores and customers staying at home has been an immediate issue. But for too long Alexon’s clothes haven’t been the indispensable buy needed to haul shoppers in during the recession.It has also been crippled by millions of pounds of lease commitments on shops that have closed or have been losing money. The past two years are a litany of falling sales and margins that only stabilised in the four months to November. This underlying weakness is what extra pressures such as the current snow exposes. Though its interim sales tiptoed into the black at 0.4 per cent growth, it will lose far more than that – after all, the big freeze at the start of the year saw Alexon’s interim sales fall 14.3 per cent year-on-year. It is still to feel the benefits of a turnaround strategy that has seen new design teams hired, new clothing collections launched and £20m capital raised to pay off the leases. But these lost sales alone have the potential to strip £1.5m from its full-year profit forecast – half the £3m hoped for. That’s a massive impact from a short period of time and a sign that until Alexon can show sustained strong sales, it is out in the Arctic in investors’ terms. last_img read more

GO OUTDOORS SALES CLIMB

first_img whatsapp Show Comments ▼ whatsapp Thursday 3 February 2011 7:36 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Sharecenter_img RETAILER GO Outdoors posted sales of £114.9m for the 52 weeks ending 30 January – up 57 per cent on the previous year. The retailer stocks brands including Berghaus and North Face as well as its own lines. It has 27 superstores across the UK and is planning to open a further ten this year with a target of 50 by 2012. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeHero WarsThis game will keep you up all night!Hero WarsLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Health KCS-content GO OUTDOORS SALES CLIMB Tags: NULLlast_img read more

Comet job consultation starts

first_img whatsapp KCS-content Comet job consultation starts Tags: NULL whatsapp Electricals retailer Comet – which will shut 14 of its service centres – yesterday begun consultations with 411 affected staff as it seeks to make redundancies.Among those sites affected include the electrical giant’s customer service centre in North Lanarkshire with the loss of 40 jobs. The company is centralising its distribution network in a drive to be more efficient in the tough consumer climate. Show Comments ▼ Share Monday 7 February 2011 8:43 pm More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comlast_img read more

The cost of a desk in the City hits £9,400 a year

first_img Share whatsapp KCS-content whatsapp Tags: NULL Thursday 3 March 2011 7:31 pmcenter_img The cost of a desk in the City hits £9,400 a year Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap THE MOST expensive workplace in the world is now in Hong Kong, knocking London’s West End from the top spot, according to figures from DTZ out yesterday. The City of London has jumped to become the eighth most expensive location to run an office, with the cost per desk now £9,410 a year – a rise of 21 per cent on 2009. The surge in City office costs was due to a revival in financial services and a continued lack of supply pushing rents up, DTZ said in its survey of 121 business districts across the world. The UK property tax rating revaluation was another added cost from April 2010. The West End is expected to be the fastest-growing rental market in Europe over the next five years with occupancy costs set to rise 5.1 per cent a year, compared to an expected four per cent annual growth in the City. Show Comments ▼last_img read more

Old Mutual profit up 14pc

first_img John Dunne Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Show Comments ▼ Old Mutual profit up 14pc whatsapp Share Anglo-South African financial conglomerate Old Mutual narrowly beat expectations with a 14 per cent increase in profit and said it was sticking by a three-year strategy aimed at simplifying the group’s structure.Old Mutual made a 2010 pre-tax operating profit of £1.48bn, up from £1.3bn the previous year.Analysts had pencilled in a profit of £1.45bn, according to the company’s calculation of consensus expectations.Shares in the company were up 1.9 per cent in Johannesburg after the announcement. Old Mutual, which runs banking, insurance and asset management businesses in more than 30 countries, is one-third of the way through a three year shake-up aimed at streamlining the company and refocusing it on life insurance.The revamp, which came in response to investor concerns that the company’s complex structure was weighing on its share price, faltered in October when a deal to sell its majority stake in South Africa’s Nedbank to HSBC fell through.The company said it remained committed to its restructuring plan, and would “work with Nedbank to build shareholder value” in 2011.Old Mutual has also agreed to sell its US life insurance to hedge fund Harbinger Capital Partners, and is planning to list its U.S. fund management operation by the end of next year.Old Mutual listed in London in 1999 and launched an international acquisition spree, culminating in the 2006 takeover of Sweden’s Skandia, in an effort to reduce its dependence on South Africa, its historical home. Tuesday 8 March 2011 3:41 am whatsapp Tags: NULLlast_img read more

BHP would be better off shopping abroad than plotting Aussie deal

first_img BHP would be better off shopping abroad than plotting Aussie deal Show Comments ▼ whatsapp Sunday 10 April 2011 11:21 pm JUST two months ago BHP Billiton used its impressive half-year results to offer shareholders a $10bn (£6.1bn) buyback. Now it seems to be on the acquisition trail again – so no one could blame investors for being a little confused. BHP’s cash pile has been steadily increasing as recent acquisition attempts failed – despite fees lost on both the Potash bid and the Rio Tinto iron ore joint venture the miner’s reserves have swelled to $15.4bn – and a bid for Woodside is a safer bet for BHP than its recent takeover attempts. With BHP’s focus on mining and metals, an oil and gas purchase would be unlikely to raise competition concerns.But there are reasons to be sceptical. Previous buybacks have been suspended shortly before a deal announcement, but Friday’s tender went ahead as planned. And in February’s results BHP execs said the company was focusing on pipeline projects to avoid inflated prices. With the rumoured AUD$46bn (£29.6bn) bid at a 23 per cent premium to Woodside’s market cap, tax uncertainty and project costs mean the Anglo-Australian giant is better off looking for cheaper international buys for now. Sharecenter_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tags: NULLlast_img read more

Australian Capital Territory introduces 15% POC gambling tax

first_img The Australian Capital Territory (ACT) government has announced a new 15% point of consumption (POC) tax on gambling operators The Australian Capital Territory (ACT) government has announced a new 15% point of consumption (POC) tax on gambling operators.The tax will apply to net gambling revenue generated by companies through bets placed in the ACT, as well as wagers made by residents in the territory.The move follows a similar approach by various other territories such as South Australia, which has set betting operations tax at 15% for horse racing, sports betting and non-sport events.According to budget papers obtained by the Canberra Times newspaper, ACT expects to generate an additional Aus$2m (€1.3m/US$1.5m) a year through the new tax rate.“The introduction of this tax will bring the ACT into line with multiple other Australian jurisdictions which are also in the process of implementing point of consumption tax arrangements,” the papers read.Queensland and Western Australia are also due to introduce 15% tax rates, but Victoria last month announced plans for a new rate of just 8% for online betting agencies.Related article: Victoria plans 8% online betting tax Casino & games Email Address Subscribe to the iGaming newsletter Regions: Oceania Australia AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Australian Capital Territory introduces 15% POC gambling tax Tags: Online Gambling OTB and Betting Shops 5th June 2018 | By contenteditor Topics: Casino & games Finance Legal & compliance Sports bettinglast_img read more

New IMG Arena division targets US data deals

first_img Rebranded betting and data service announces ‘aggressive growth plans’ Subscribe to the iGaming newsletter Sports betting Topics: Sports betting Tech & innovation 12th November 2018 | By contenteditor New IMG Arena division targets US data deals AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter IMG has indicated major developments within weeks after announcing the formation of its new IMG Arena betting and data division.The sports media giant already works with more than 250 leading sportsbook operators worldwide and a series of major rights-holders, including ATP and WTA tennis, the NHL and Serie A. It provides live streaming, on-demand virtual sports products and live data via its Fastpath Data feeds.The rebranding of IMG Gaming, which will be led by Freddie Longe (pictured), senior vice-president and managing director, comes after six months of planning. While the division will be targeting major developments in North America, where companies such as Sportradar and Genius Sports have made great strides since the repeal of PASPA, an IMG spokesperson told iGamingBusiness.com that the rebranding exercise is unrelated to the changes in regulation in the US.The spokesperson said: “The new name reflects the vision of the group and our aggressive growth plans. It also provides the foundations for our desire to expand our footprint in a range of worldwide markets, including the US.“Our main aim is to continue to deliver great value to our federation clients and sportsbook customers. The new name is designed to help us cement our position within the market and increase understanding of our unique offer.”IMG Arena processes official data for more than 45,000 sport events per year, including tennis feeds from three Grand Slams and major ATP and WTA events. Its streaming portfolio features NHL ice hockey, Serie A, the English FA Cup and Football League and EuroLeague basketball, with more than 70 million hours of content and 39 million unique views achieved in 2017.IMG last month extended its multi-territory streaming rights partnership with the NHL for a further three years, and the company said it expects further developments in the US market very soon.“The US is an exciting opportunity and one we are exploring,” the spokesperson told iGamingBusiness.com.“There are potentially 133 million US sports fans that are back in the game – we want to help our federation clients and sportsbook customers to deliver a best-in-class experience to each and every one of them. In the coming weeks you will see more news from us on our growth plans.”IMG Arena, part of IMG Media, will be headquartered in London, with Longe assisted by a senior team that includes industry veterans Max Wright and head of product Brad van Wely. It expanded its offering when signing a partnership with virtual sports developer Leap Gaming in May, at the time citing a desire to “provide the broadest portfolio of technology driven betting and gaming solutions”.Longe added in a statement: “Backed by the considerable global scale, network and resource of IMG, IMG Arena will build on our existing advantages and well-developed offering to positively disrupt the market, with a strong fan-first innovation pipeline that drives incremental value to our clients and customers.” Email Addresslast_img read more

Kambi posts revenue and profit growth in 2018

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Kambi Group has cited the renewal of contracts with a number of customers as one of the main reasons behind year-on-year growth in revenue and profit for 2018. Full-year revenue for the 12 months ended December 31, 2018 amounted to €76.2m (£66.9m/$86.4m), up from €62.1m in the previous year. The sports betting services provider said a significant number of customers renewed their contracts over the past year, which positively impacted revenue growth during the year.However, Kambi noted an increase in operating expenses for the year, due in part to an increase in staff numbers after expanding its trading and product development teams.Expenses totalled $63.5m last year, up from €54.4m in 2017, with staff costs in particular increasing from $24.1m to $28.2m.Meanwhile, profit before tax increased from $7.4m in 2017 to $12.3m in the past year, while profit after tax also climbed from $5.9m to $9.8m. Comprehensive income for the year stood at €9.5m, up from €5.3m in 2017. Kambi said this is inline with its investment strategy, with a focus on creating a strong business proposition. The supplier will push ahead with this strategy in 2019, with plans in place to open an office in Philadelphia before the end of the first quarter, in order to support its expansion efforts in the US. CEO Kristian Nylén cited activity in the US as key highlights for Kambi during the past year, singling out sports betting launches with DraftKings at Resorts Casino in New Jersey and Rush Street Interactive’s Rivers Casino and SugarHouse in Pennsylvania. “With the US market high on Kambi’s priority list, our ability to demonstrate our high-quality on-property sportsbook and prompt time-to-market leaves us well-placed moving forward, particularly considering the emphasis US operators and state regulators place on the retail channel. “When also factoring in the early success we have had online in New Jersey, I’m not surprised Kambi is now seen as the leading multi-channel sports betting supplier in this burgeoning market.” For the fourth quarter of the year ended December 31, 2018, Kambi revenue amounted to €21.7m, up from €19m in the same period last year. However, operating profit fell from €5m to €4.2m and profit after tax slipped from €3.9m to €3.3m. Despite this, Nylén was upbeat about the three-month period: “Bearing in mind the comparative period in 2017 delivered Kambi’s highest ever operator trading margin, our Q4 2018 performance is particularly pleasing and highlights the positive momentum we have built within the business.” Meanwhile, Nylén also said that Kambi has started 2019 positively, with the launch of new customers in multiple markets, while the company has also signed an agreement to relaunch the mybet German sports betting brand later this year. “The business remains in great shape for the challenges and opportunities that lie ahead,” he said. Finance Topics: Finance Sports betting Kambi Group has cited the renewal of contracts with various customers as one of the main reasons behind year-on-year growth across revenue and profit for 2018. Tags: Online Gamblingcenter_img 13th February 2019 | By contenteditor Kambi posts revenue and profit growth in 2018 Subscribe to the iGaming newsletter Email Addresslast_img read more