MADRID (AP):Real Madrid have no intention of replacing coach Rafa Benitez with former Chelsea manager Jose Mourinho, club president Florentino Perez said yesterday.In an interview with a Spanish radio station, Perez didn’t dismiss signing Mourinho again, but reiterated that “Benitez is not the problem, he is the solution”.Mourinho left Chelsea for a second time on Thursday as the English team continues to struggle in the Premier League. He was Real Madrid’s coach from 2010-13, winning the Copa del Rey in 2011 and the Spanish league in 2012.”No one can know the future, but right now he will not come to Madrid,” Perez told Cadena SER. “I have good memories of Mourinho, he helped us elevate our level. It wasn’t a bad moment for us. With him in command we returned to where we belonged.”Real Madrid have been in crisis since a 4-0 home loss to Barcelona and an embarrassing elimination in the Copa del Rey for using an ineligible player in a match against third-tier club Cadiz.Pressure on Benitez increased after the team’s 1-0 loss at Villarreal in the Spanish league last weekend, a result that kept Madrid from gaining ground on Barcelona and Atletico Madrid.Another setback tomorrow against struggling Rayo Vallecano could mean the end of the line for the coach – even if he has Perez’s support.”It’s not true that the players don’t get along with Benitez,” Perez said. “I talk to them. There are no players who want him sacked.”Until Mourinho became available on Thursday, former Madrid great Zinedine Zidane was being loudly touted as the immediate replacement to Benitez if he was fired.”I like Zidane, he will be a great coach for Madrid,” Perez said. “But not now.”
Katie Hurst capped another impressive season in track and field over the weekend, placing seventh at the CIF State Championships in Clovis.It was the third straight appearance at the prestigious meet for the Fortuna junior, who placed in the top three in each of the past two seasons.“She jumped really well,” Fortuna co-head coach Norm Sotomayor said.Hurst cleared 5-feet-8 in Saturday’s finals, a season best and the same mark that earned her a second-place finish in 2017. The mark …
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Closing: The discipline of closing is the gaining of commitments. This is the first discipline because commitments are what allow you to create opportunities, create value, and win deals. This is the first discipline.Prospecting: The discipline of prospecting requires that you speak to your dream clients to ask them for their time and for an opportunity to explore working together. This is the second discipline because no deal is ever created or closed before it is opened.Nurturing: The discipline of nurturing requires that you communicate value to your dream clients over a long period of time, making yourself known, and making yourself known as a value creator.Planning: The discipline of sales call planning allows you to use both your time and your dream client’s time effectively. It allows you to plan to create value and establish yourself as a true professional.Value Creation: The discipline of value creation requires that you ensure that your dream client benefits from every engagement with you, including every sales interaction, and every deal.Caring: The discipline of caring is what ensures that you aren’t self-oriented and that you establish trust. It makes you other-oriented.Integrity: The discipline of integrity is also necessary for trust. It is the discipline of being honest and walking your talk.Listening: This discipline, combined with caring, is the heart of understanding. Your dream clients want to be heard, want to be significant, and want to collaborate. The discipline of listening is how you meet those needs.Follow Up: The discipline of follow up is your keeping the commitments you make to your dream clients, no matter how large or small. It is one of the ways trust is established and maintained.Profit: The discipline of profit ensures that you make enough money to successfully deliver for your clients and that you have enough left over to develop greater levels of value in the future.
Lacson: SEA Games fund put in foundation like ‘Napoles case’ 2 dead in California school attack; gunman shoots self PLAY LIST 03:122 dead in California school attack; gunman shoots self01:42Police: California school shooting took 16 seconds00:50Trending Articles02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Don’t miss out on the latest news and information. Cayetano to unmask people behind ‘smear campaign’ vs him, SEA Games Sports Related Videospowered by AdSparcRead Next Heart Evangelista admits she’s pregnant… with chicken National University also capped the preseason tournament with a piece of recognition after fending off University of Santo Tomas, 86-75, for the third-place trophy.Rhayyan Amsali had 30 points and 14 rebounds to lead NU. LATEST STORIES For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. 1 dead in Cavite blast, fire Mapua topped Ateneo, 89-82, in the high school finals of the Filoil Flying V Preseason Cup at Filoil Flying V Centre in San Juan.Clint Escamis delivered an offensive assault for the Red Robins, finishing with a game-high 23 points to go along seven rebounds.ADVERTISEMENT Escamis, though, wasn’t the lone Red Robin to punish the Blue Eaglets.Mapua’s frontcourt duo of Warren Bonifacio and Will Gozum crushed Ateneo.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSMalditas save PH from shutoutBonifacio finished with 18 points and 12 rebounds, nine of which came from the offensive glass, while Gozum had a 17-point, 14-rebound double-double.Dave Ildefonso led Ateneo with 16 points and eight rebounds while Kai Sotto finished with 15 points and 14 boards. MOST READ Ronaldo hits milestone as Portugal sink New Zealand What ‘missteps’? WATCH: Firefighters rescue baby seal found in parking garage Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ World’s 50 Best Restaurants launches new drinking and dining guide View comments
zoom New York-listed cruise line company Royal Caribbean Cruises is heading into a DOUBLE-DOUBLE year as it reported more than a 25% increase in both US GAAP and adjusted earnings over 2015.US GAAP net income for the full year 2016 was USD 1.28 billion, compared to USD 665.8 million reported in 2015. The 2015 figure includes a non-cash impairment charge related to the Pullmantur brand.The company’s adjusted net income for the year was USD 1.31 billion, compared to USD 1.07 billion for the full year 2015, representing more than a 25% year-over-year increase in earnings per share.“As we enter our DOUBLE-DOUBLE year, we have never been so well positioned,” said Richard D. Fain, chairman and chief executive officer. “This program has done what it set out to do – bookings are at record levels, the preference our brands enjoy has never been stronger, we are on the cusp of investment grade ratings, our dividends are at an all-time high, costs have been well managed, and our guests’ satisfaction has never been better,” he added.Fain also said that, while currency and fuel are both significant negatives at the moment, the cruise line’s “business continues to thrive.”For the full year 2017, Royal Caribbean Cruises expects its net yields to increase 4% to 6% on a constant-currency basis, while the adjusted EPS for 2017 is expected to be in the range of USD 6.90 – USD 7.10 per share.The company said that its booked position for 2017 is better than last year’s record high, and at higher rates. Strength from North American consumers is driving exceptionally positive trends for North American and European products. These trends, along with a positive outlook for Australia and a solid booked position in China for the first half of the year, are positioning the company for robust growth in 2017.
zoomImage Courtesy: Offshore and Home Trade Seamen’s Welfare Trust Undisclosed shipping lines have attempted to conduct self-handling in a number of Italian ports, according to the European Transport Workers’ Federation (ETF).Self-handling, which represents the use of seafaring onboard staff to load or lash cargo, rather than local dockers, was reported at the Italian ports of Palermo, Termini Imerese, Trapani and Porto Empedocle.The ETF has addressed a letter to the Port Authority for the Western Sicilian Sea urging that the law is properly enforced.“Italian law is very clear on the circumstances where shipowners can be allowed to ask their crew to perform cargo-handling tasks such as lashing and unlashing,” Terje Samuelsen, ETF Dockers’ Chair, said.“In the case of the Sicilian ports, the required conditions, such as the non-availability of dockers, are not met. These are not isolated attempts, as we have been informed by our members, and we are taking them very seriously,” Samuelsen added.Reclaiming lashing is one of the priority fights for ETF and ITF Dockers’ unions, also in the framework of the Fair Transport Europe Campaign 2.0.In a context of growing automation and decreasing cargo volumes, lashing by dockers is an important way to retain port jobs. Moreover, lashing operations are very dangerous and should only be performed by qualified dockers, ETF informed.Seafarers should not do lashing, because they are not properly trained for such operations and because they are often required to do lashing during their rest time.In the framework of the International Bargaining Forum (IBF) negotiations, the ITF and the JNG have agreed on a new text of the so-called dockers’ clause which is expected to deter self-handling on board Flag of Convenience (FOC) vessels. However, ETF reported that self-handling attempts were reported not only on FOC vessels, but also on those flying national flags.“Our Italian members estimate that in the case of the Sicilian ports, allowing an exemption to the law would cost up to 500 dockers’ jobs,” declared ETF Dockers’ Vice-Chair Torben Seebold.
New Delhi: As macroeconomic headwinds weighed on investor sentiments through the year, foreign portfolio investors pulled out Rs 38,930 crore in 2018-19, according to market regulator Sebi’s annual report. “In order to further develop the Indian securities market as an avenue for fundraising, eligibility norms for FPIs (Foreign Portfolio Investors) were relaxed and data privacy concerns of FPIs were addressed,” the 2018-19 annual report said. Among other steps, the watchdog had withdrawn the minimum residual maturity restriction of three years for investment in government securities and state development loans. Also Read – Thermal coal import may surpass 200 MT this fiscalBesides, sub-categories under the category of corporate bonds were discontinued resulting in a single limit for FPI investment in all types of corporate bonds, as per the report. The limit for FPI investment in debt was revised from Rs 6.49 lakh crore to over Rs 6.98 lakh crore for the April 2019-September 2019 and more than Rs 7.46 lakh crore for October 2019-March 2020, it noted. To address concerns over data privacy, a provision similar to One Time Password (OTP) was introduced, wherein, an intermediary can access information related to beneficial owner, including senior managing official of an FPI only after confirmation from the FPI or its global custodian. Additionally, measures like relaxation of eligibility norms for FPIs, monitoring of foreign investment limits, easing the process of on-boarding of FPIs were taken.
New Delhi: McDonald’s India and its estranged partner Vikram Bakshi have been directed by the Debt Recovery Tribunal (DRT) to appear before it and deposit the proceeds of the proposed settlement with respect to their joint venture firm CPRL. Earlier this month, fast food chain McDonald’s reached an out-of-court settlement with Bakshi, buying out Connaught Plaza Restaurants Pvt Ltd from the joint venture. Allowing an application by the state-owned HUDCO on May 9, the presiding officer of DRT II Delhi has directed Bakshi not to transfer his 3,100 attached share of Connaught Plaza Restaurant Ltd (CPRL), a Joint venture between him and McDonald’s India to operate fast food chain in northern and eastern India. Housing and Urban Development Corporation (HUDCO), which is claiming a dues of Rs 194.98 crore from Bakshi and his related entities, in its petition filed before the National Company Law Appellate Tribunal (NCLAT) informed that notices regarding orders of the DRT was already served to both the partners. “The presiding officer directed McDonald’s India and Vikram Bakshi to appear before the DRT and deposit the proceeds of the settlement with the DRT II, Delhi. “Furthermore, Vikram Bakshi was directed not to transfer the attached shares (of CPRL) and also to file the details of the rates of the shares as on date,” said HUDCO. The DRT had also issued attachment notice with respect to the bank accounts of Ascot Hotels & Resorts. “It is clear that respondent Vikram Bakshi can not alienate or transfer his shares in CPRL in view of the specific directions of the DRT vide order February 2, 2016, where Vikram Bakshi was restrained from transferring or alienating or creating any third party interest in respect of the said shares,” the corporation said. However, it is not clear whether Bakshi and representatives of McDonald’s India have appeared before the DRT yet. Bakshi had given guarantee to HUDCO against a loan of Rs 62.38 crore to Ascot Hotels and Resorts for a commercial project in Noida, UP in 2006, which was defaulted and declared as NPA in August 2011. To recover it, HUDCO then had moved the DRT in 2013 and requested to attach 3,100 shares (having a value of Rs 1,000 each) in CPRL, which were in the name of Bakshi. “The respondent Vikram Bakshi had given his affidavit and undertaking that the shares held by him in CPRL will not be alienated or transferred,” said HUDCO while annexing copy of Bakshi’s affidavit in its petition filed before the NCLAT. Passing the judgement, the DRT had on August 12, 2015 issued recovery certificate in favour of HUDCO to recover the sum along with 14 per cent interest from Ascot Hotels, Vikram Bakshi, Madhurima Bakshi and Vikram Bakshi & Co Ltd. Thereafter, respondent, including Bakshi, was asked to disclose their details of movable and immovable assets. However, on their repeated failure to do so, HUDCO moved the DRT again for attachment of their bank account and 3,100 shares held by Bakshi in CPRL. On this, DRT had on February 2, 2016 issued “interim directions restraining Vikram Bakshi from alienating or transferring or creating any third party interest in the 3,100 shares of CPRL or any other quantity in the name of Vikram Bakshi till further orders.” Last week, when HUDCO came to know about the settlement between Bakshi and McDoanld’s, it moved an intervention application before the NCLAT, where both have filed petition against each other. “The settlement so arrived at between the appellant (McDonald’s India) and respondent (Bakshi) with regards to transfer of shares to the appellant without settling the dues of the applicant/intervenor (HUDCO) will cause grave and irreparable losses to the public exchequer,” said HUCO, adding that it can not proceed without its approval. HUDCO in its petition has requested the appellate tribunal to direct Bakshi “to furnish complete particulars and documents relating to the settlement” and to “deposit the entire proceeds of settlement” before the DRT for discharge of liability towards it. Earlier on May 6, estranged partners McDonald’s and Bakshi had informed the NCLAT that they were working towards an out-of-court settlement to end their dispute. On May 9, they announced an out-of-court settlement with the US fast food chain agreeing to buy Bakshi’s stake from their joint venture that operated outlets of the chain in north and east India. The details of the pact, including financial terms, were not disclosed. During the last hearing on May 15, 2019, the NCLAT had suggested Bakshi and his entities to settle the matter with HUDCO and has posted the matter on May 27 for next date of hearing. Meanwhile, a two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya also said: “The pendency of the appeal will not come in the way of Vikram Bakshi & Others to negotiate and settle the matter with HUDCO”.