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first_imgFiorentina have joined Chelsea and Liverpool in the race for Nicolas N’Koulou.The defender’s contract with Marseille expires at the end of the current season and he is expected to be on the move.Both Chelsea and Liverpool have sounded the Cameroonian out, while Lazio are also keen on securing him on a free.But now, according to Foot 365, Fiorentina have also joined the running to sign N’Koulou when his contract runs out.The 25-year-old is currently unwilling to extend his deal and Marseille are aware they will lose him.It is now up to N’Koulou to decide where he wants to go next summer with clubs ready to snap him up. 1 Marseille defender Nicolas N’Koulou last_img read more

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first_imgLeeds’ Championship clash with Derby will be televised as planned after the club “reluctantly” allowed Sky Sports’ cameras into Elland Road.United president Massimo Cellino had intended to ban Sky from broadcasting the game in a bid to make a point about the amount of times his club have been televised this season.Sky staff were unable to enter Elland Road on Monday, as is customary on the eve of a game, and as of 2.30pm on Tuesday, the Italian had not relaxed his position with Sky’s crew and Football League executive Shaun Harvey waiting in a car park.However, just before 3pm, Cellino – currently in Miami – relented, and allowed Sky in, although he signed off on a club statement which voiced unhappiness at the situation.“The Football League regulations are supposed to be there to protect the integrity of the sporting competition, not to be used as a stick to beat the club on behalf of Sky,” it read.“Leeds United season ticket holders have had enough of these fixture changes, the players and staff have had enough, and Leeds United Football Club has had enough.“It is to be noted that the League threaten a disrepute charge against the club. It is the League who are bringing their own competition into disrepute by unfairly prejudicing Leeds (and certain other clubs) by allowing Sky to unfairly disrupt Leeds United for their own commercial purposes.” Elland Road 1last_img read more

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first_img Michel Platini Michel Platini has taken his appeal against his ban from football to the Court of Arbitration for Sport.CAS announced on Wednesday morning that the Frenchman was challenging the suspension from football at a national and international level, which last week was reduced from eight years to six by FIFA’s Appeal Committee.Platini and Sepp Blatter were punished in December over a 2million Swiss francs (£1.3million) “disloyal payment” made to the Frenchman by the former FIFA president.They were given eight-year suspensions which were reduced by two years in recognition of their services to the game, but both deny any wrongdoing and neither is satisfied by the appeal verdict.Platini reacted to an “insulting” and “shameful” decision, by saying it was designed to prevent him from challenging for the FIFA presidency, but told L’Equipe last Thursday: “I’m not going to commit suicide.”In a statement on Wednesday, CAS said: “Michel Platini has filed an appeal at the Court of Arbitration for Sport (CAS) against the decision issued by the FIFA Appeal Committee on 24 February 2016.“In appealing to the CAS, Michel Platini seeks to annul the decisions taken by the Adjudicatory Chamber of the FIFA Ethics Committee and by the FIFA Appeal Committee which lead to him being declared ineligible to take part in football-related activity at national and international level for six years.“A CAS arbitration procedure is in progress. First, the parties will exchange written submissions and a panel of three arbitrators will be constituted. The Panel will then issue directions with respect to the holding of a hearing. Following the hearing, the Panel will deliberate and on a later date, it will issue a decision in the form of an Arbitral Award.”Platini’s suspension ruled him out of the race to replace Blatter at the head of FIFA – a pursuit which was won by Gianni Infantino.Speaking about Platini last week, Blatter told French radio station RTL: “For a certain time, I’ve seen that there is a kind of conspiracy at FIFA, firstly against Michel Platini, so that he doesn’t become president of FIFA. I find this sad.” 1last_img read more

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first_imgSAN FRANCISCO – EBay Inc. reported Wednesday a third-quarter net loss of more than $936 million – a rare plunge into the red for the e-commerce juggernaut caused by charges to its Skype telecommunications division. But San Jose-based eBay still easily exceeded Wall Street’s expectations for the quarter ended Sept. 30, thanks to record revenue of $1.89 billion, up 30 percent from the year-ago quarter. Executives credited record revenue at the PayPal electronic payment division, and brisk sales outside of the United States and at ticket broker StubHub.com. Early this month, eBay announced it would take a $900 million write-down in the value of Skype. That impairment charge essentially acknowledged that eBay executives drastically overvalued the $2.6 billion Skype acquisition, completed in October 2005. EBay also paid certain Skype shareholders $530 million to settle future obligations. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.Including the Skype charges, eBay lost $936.6 million, or 69 cents per share. In the year-ago quarter, it earned $280.9 million, or 20 cents per share. It was the first time the company reported a loss since the second quarter of 1999, eBay President and CEO Meg Whitman said. It’s also the first time the company has taken a write-down. Not counting Skype charges, stock-based compensation and other expenses, eBay earned $563.8 million, or 41 cents per share, up 53 percent from $367.4 million, or 26 cents per share, in the year-ago quarter. On that basis, analysts polled by Thomson Financial expected eBay to earn $456.26 million, or 33 cents per share, on revenue of $1.83 billion. EBay bought back 14.8 million shares of its stock for $500 million last quarter, part of a $2 billion repurchase program continuing through January 2009. The company expects fourth-quarter revenue from $2.1 billion to $2.15 billion. After one-time charges, it expects earnings between 39 cents and 41 cents per share. EBay stock closed Wednesday at $40.60, up $2 or 5 percent. The stock has surged 43 percent in the past year. In after-hours trading, after the quarterly results were announced, it gained an additional 75 cents. Whitman characterized the quarter as “strong” but acknowledged Skype challenges. Skype co-founder and CEO Niklas Zennstrom stepped down Oct. 1, when eBay announced the impairment charges. EBay chief strategy officer Michael van Swaaij is acting CEO. “We are disappointed – obviously – by the write-down, and we’re behind in terms of some financial metrics we had originally anticipated,” Whitman said. “Moving to new management was completely the right thing to do. I actually feel confident in the business longer term.” Skype reported record revenue of $98 million, up 96 percent from a year ago. It’s the third consecutive quarter of profitability for Skype, which had 246 million registered user accounts at the end of the third quarter – up 81 percent from a year ago.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

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first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.Find marine forecasts at www.weather.gov, and Coast Guard safety equipment requirements at www.uscgboating.org. By City News Service The U.S. Coast Guard on Friday warned boaters to be aware of high winds and seas expected to last through early next week from Point Conception to the Orange County coast. According to the National Weather Service, a strong and unusually long period of gusty winds up to 46 mph is forecast for parts of Southern California’s coastal waters. The strong offshore winds will also affect parts of the Channel Islands, as well as the San Pedro Channel to Santa Catalina Island. Boaters in Avalon Harbor were urged to secure their boats. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

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first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREStriving toward a more perfect me: Doug McIntyre Peterson believes his wife has left him for another man, and said he has no plans to look for her because he thinks she left willfully. “Why would I look for somebody who I don’t believe is missing? She’s just gone. She’s where she wants to be,” Peterson told NBC’s “Today” show. Peterson’s troubles began during his marriage to Savio, who died in 2004. She left behind a trail of clues about the couple’s stormy marriage, including an order of protection she filed in 2002 after Peterson allegedly knocked her down, ripped a necklace off her and left marks on her body. Savio wrote in the order that she feared Peterson could kill her. “He wants me dead, and if he has to, he will burn the house down just to shut me up,” she wrote. ROMEOVILLE, Ill. – Nobody listened when Kathleen Savio said she was afraid of her husband. But now, three years after she was found dead in a bathtub in what was ruled an accidental drowning, authorities are paying close attention. They suspect she was killed. But that theory did not dawn on them until her husband came under suspicion in the recent disappearance and possible murder of his new wife. Drew Peterson, a former police officer in suburban Bolingbrook, denies any role in his wife’s disappearance, saying she told him she was leaving him for another man. Stacy Peterson, 23, was reported missing Oct. 29, the day after failing to show up to help her sister paint a house. She was 17 when she began dating Peterson. He was 47 and still married to Savio. A coroner’s report includes testimony from Savio’s sister, who said Savio warned relatives that if she died, it might look like an accident, but it would not be. Authorities have not said Peterson, now 53, is a suspect in Savio’s death. But they have reviewed autopsy photos, police reports, court documents and even exhumed her body as they point the finger at Peterson in Stacy Peterson’s disappearance. “I would say that right now Drew Peterson has gone from being a person of interest to clearly being a suspect,” in his fourth wife’s disappearance, Illinois State Police Capt. Carl Dobrich said last week. Peterson downplayed any similarities between the two cases, but said his relationships with both women were troubled. Both suffered from emotional problems, he said. He denied having anything to do with the two cases. Authorities have been tightlipped about the specifics of their investigation, including what they hope to learn from examining Savio’s body. Will County State’s Attorney James Glasgow said some tests that should have been conducted on Savio’s remains never were. In the final days of her marriage, Savio traded battery allegations with her husband, who resigned from the police department this week. Drew Peterson twice convinced the state’s attorney’s office to bring battery charges against his wife, but she was acquitted both times. Peterson never was charged, although Bolingbrook police have said officers investigated 18 domestic calls involving the couple. Savio’s family suspects police were trying to protect one of their own. “She called it the `good old boys club,”‘ said Charlie Doman, Savio’s nephew. “Cops taking care of cops is what it was.” Among the documents Savio’s family has kept for years is a copy of a letter they say she sent to an assistant state’s attorney in Will County, claiming Peterson had beaten her several times, but police declined to file reports. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img

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first_img 5 5 Cameron Brannagan: 19-year-old midfielder – click the arrow above, right, to see other Liverpool kids destined to break into the first team – A versatile midfielder, Brannagan is naturally an energetic box-to-box option, but he has also played at full-back before. He has played six times for the first team this season, and he suits Klopp’s pressing style of play. Despite his versatility and energy, he is still a talented ball player, and looks to have all the traits to make it in the Premier League. Since taking charge of Liverpool, Jurgen Klopp has proven his desire to utilise the youth players in the academy system at Anfield.The likes of Brad Smith, Kevin Stewart and Sheyi Ojo have all played under the German boss, but Jordon Ibe remains the biggest recent success from the academy set-up.Ibe was drafted into the first team last season, and has since managed 51 appearances for the Reds.He has made the step-up to senior football with ease, and Klopp could look to bring more youngsters into the first-team for next year.Click the arrow above to see which five youngsters will be hoping to break into the Liverpool team next season… Danny Ward: 22-year-old goalkeeper – The goalkeeper positions at Anfield are not stocked with quality, and Ward could take advantage next season. Simon Mignolet is the current first choice keeper, and the 22-year-old Ward has become second choice under Klopp, who has removed Adam Bogdan from his team. The Welsh youngster spent the first half of the season on loan at Aberdeen, conceding 29 goals in 29 games, and many believe he has a right to be playing ahead of Mignolet already. 5 Pedro Chirivella: 18-year-old midfielder – Another midfielder, Chirivella made his senior debut for the Reds earlier this season, playing against Bordeaux in the Europa League. He has since been utilised in the FA Cup, and has impressed in his natural holding role. A cultured defensive-minded player, Chirivella could be compared to Sergio Busquets, in that he can win the ball and hold possession with equal ability. It is clear Klopp rates him highly, having just convinced Chirivella to sign a new contract tying him down at Anfield until 2020. 5 Harry Wilson: 18-year-old winger – A diminutive right winger, Wilson has an abundance of talent which he has shown consistently in youth football. He made his senior debut for Wales as a 16-year-old, and whilst he has not yet played for the Liverpool first-team, he spent the beginning of this season on loan with Crewe. He has raw pace, and must be a horror to defend against, and most importantly he has a good final ball. Wilson has four goals in 11 Under-21 games this season, and Klopp must surely have been watching with envy. 5 Sergi Canos: 19-year-old winger – The 19-year-old winger is currently on loan at Brentford in the Championship, scoring four goals and registering three assists in 28 games. Naturally a right winger, Canos can also play on the left, and has been performing well in what is a physical division despite his youth. He has not yet made his debut for Liverpool, but he looks to be the kind of attacking player that Klopp will love to utilise.last_img read more

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first_img 7 4. Rule Espana (2012)Spain 4 Italy 0In becoming the first team in Euros history to retain the title, Spain very much saved the best for last at Euro 2012. Italy had served notice of their claims with a superb victory over Germany in the semis, while Spain had needed penalties to oust neighbours Portugal. Had the famed golden generation of Iker Casillas, Sergio Ramos, Gerard Pique, Xavi, Xabi Alonso, Andres Iniesta and Fernando Torres graced one tournament too many? The answer was a categoric no, as a team playing without a recognised striker – Torres came off the bench with 15 minutes to go – tore the shellshocked Italians to pieces. David Silva, Jordi Alba, Torres and Juan Mata scored the goals in the Euros’ most one-sided final.3. Alfonsoooooo! (2000)Yugoslavia 3 Spain 4More than a decade before Sky’s Martin Tyler screamed ‘Aguerooo!’ into our living rooms, John Motson was doing something similar on the Beeb. This Euro 2000 group game had very little bearing on the tournament as a whole – both sides exited in the quarters – but for pure sporting drama it was irresistible. Spain, then perennial underachievers, needed to win to be sure of qualification, but heading into added time found themselves 3-2 down against 10-man Yugoslavia. Gaizka Mendieta offered what seemed futile hope with a 94th-minute penalty, before largely unheralded striker Alfonso (above) slotted his second of the game in the dying embers. Motty went crazy, Spain went through – and then lost to France. This feature appears in the latest edition of Sport magazine, the brilliant free weekly publication. Their Facebook page is here, they’re on Twitter @SportMagUK and you can download the FREE iPad app here.From a Kuntz of an equaliser to the best volley we have ever seen – Sport Magazine reveals the 20 greatest games in the history of the Euros.20. More years of hurt (1996)England 1 Germany 1 (aet, Germany win 6-5 on pens)Six years after old foes West Germany had put us out of Italia ’90 on penalties, revenge was in the air at Wembley for this Euro ’96 semi. The taste was sweet when Alan Shearer put the hosts ahead on three minutes, less so when Stefan Kuntz equalised soon after. England blew and blew – Darren Anderton hit a post, Paul Gascoigne fell inches short of a tap-in – but they could not blow the German house down. Poor old Gareth Southgate was the only one of 12 to miss in the shootout, as home hopes died.19. Bendtner’s pants (2012)Denmark 2 Portugal 3This five-goal, group-stage thriller is now most remembered for shrinking violet Nicklas Bendtner heading in an 80th-minute equaliser – he had also scored Denmark’s first as they fought back from 2-0 down – and immediately lifting his shirt to reveal green underwear sponsored by bookmaker Paddy Power. Silvestre Varela smashed in Portugal’s winner with three minutes to go, however, and Bendtner was subsequently fined £80,000 (and handed a one-match ban) for his troubles.18. The Panenka (1976)Czechoslovakia 2 West Germany 2 (aet, Czechoslovakia win 5-3 on pens)Reigning world champions West Germany fought back from 2-0 down against another country that no longer exists in the 1976 final, Bernd Holzenbein scoring a 90th-minute equaliser to send the game into extra time. The ensuing penalty shootout has gone down in history thanks to the winning strike from Czech midfielder Antonin Panenka – an audacious, slowmotion chip right down the centre of Sepp Maier’s goal. Plenty have copied him, not always successfully, since.17. Scandi mates (2004)Denmark 2 Sweden 2Scandinavian rivals Denmark and Sweden met in this decisive group game in Portugal, knowing that, whatever Italy did against Bulgaria in the other match, a score draw of 2-2 or more would send both sides through. The Danes led an entertaining contest 2-1 with two minutes left, but up popped Mattias Jonson with the goal that saw both into the last eight. Italy’s 94th-minute winner in Guimaraes only served to enhance their powerless, mourning dismay.16. Sextuple Dutch (2000)Netherlands 6 Yugoslavia 1Edgar Davids had broken Yugoslav hearts in the 92nd minute of these two nations’ last-16 clash at the 1998 World Cup, but two years on Patrick Kluivert and Marc Overmars took those same broken hearts and tore them to shreds. Kluivert scored a hat-trick and Overmars a brace as the Netherlands destroyed their demoralised opposition (see number 3 in this list) in one of the Euros’ most complete team displays – it was the last fixture Yugoslavia ever played at a major tournament.15. Charlton 1 England 0 (1988)England 0 Republic of Ireland 1One of the heroes of 1966 masterminded this day of shame for Bobby Robson and ‘mighty’ England in their Euro ’88 opener. Jack Charlton was the genial Republic of Ireland manager who built a formidable squad that would make the last eight at Italia ’90, but this is where it all started. Ray Houghton’s headed winner after only six minutes wouldn’t necessarily have sent shockwaves across Europe, but it provoked wild celebration across the Irish Sea – and started the ball rolling for a wonderfully woeful, pointless Euros for England.14. Oh Karel (1996)Czech Republic 1 Portugal 0Something of an impostor on a list of great games, this – but it would be hard to ignore a match featuring one of the most iconic goals in Euros history. Karel Poborsky’s lob over Portugal’s Vitor Baia didn’t just prove decisive in this quarter final; it also earned the shaggy-maned Czech a lucrative move to Manchester United – five goals in 32 league appearances over two seasons didn’t scream ‘success’ – and wrote13. Delightful Danny (2012)Sweden 2 England 3Roy Hodgson was shipped in late to take charge of England’s Euro 2012 campaign, and he oversaw this rip-roaring, endto- end group-stage classic. A towering Andy Carroll header gave Roy’s men, minus the suspended Wayne Rooney, the lead – but Sweden scored twice after the break to put England’s qualification in jeopardy. Theo Walcott came off the bench to smack in an equaliser, before Danny Welbeck delivered a delicious flick to win it. Have a bit of that, Zlatan.12. Portu-goooooal! (2000)Portugal 3 England 2Kevin Keegan’s England couldn’t have got off to a better start at Euro 2000. Paul Scholes’ brilliant header and Steve McManaman’s beautifully struck halfvolley – both assisted by David Beckham – had them 2-0 up within 20 minutes. It didn’t last, sadly. Luis Figo’s thunderbolt and a superb stooping header from Joao Pinto saw Portugal’s golden generation level by half-time, and Nuno Gomes banged in the winner on the hour. Poor old Kev could only look on, helpless. Andreas Kopke saves Gareth Southgate’s penalty at Euro 96 1. Nether Netherland (1988)Soviet Union 0 Netherlands 2The Netherlands had been the nearly men of two World Cups in the 1970s, but a new generation of Dutch footballing aristocrats had emerged by the end of the next decade – and, after putting out hosts West Germany in a classic semi that should probably have made this list, they lined up against the eastern-bloc powerhouses of the Soviet Union for the Euro 1988 final. A year before the Berlin Wall came down, this was a match pitting West against East, style against substance, elan against efficiency – and the good guys won. Dutch captain Ruud Gullit (right), extravagantly dreadlocked with strong moustache, rose majestically to nod the Netherlands in front. Then, not long into the second half, Arnold Muhren crossed long to the back post – from where Gullit’s AC Milan teammate, the rangy forward Marco van Basten, struck an improbable, impeccable, irresistibly sweet volley that sailed into the far corner. The Soviets were defeated, the Dutch victorious, and the Euros had their greatest ever goal.Have we missed any of your favourite games? Let us know @SportMagUK 7 8. A good start (1960)France 4 Yugoslavia 5Only four teams took part in the inaugural European Nations Cup, as it was originally called. Hosts France kicked things off against Yugoslavia (right), and even without the retired Just Fontaine – who had scored 13 goals at the World Cup just two years earlier – led 4-2 with 15 minutes to go. The visitors then scored three times in four minutes to secure victory – and set a Euros match record of nine goals that still stands.7. England’s big chance (2004)Portugal 2 England 2 (aet, Portugal win 6-5 on pens)Euro 2004, a tournament won by Greece, was the one Sven Goran-Eriksson and England’s supposed golden generation could have won. Four-goal Wayne Rooney, in his first and still best major tournament, limped off with England 1-0 up in this quarter final against hosts Portugal. Helder Postiga struck late to send the game into extra time; Rui Costa hammered home for 2-1, Frank Lampard pounced for 2-2, but David Beckham and Darius Vassell missed in the shootout. Portugal goalkeeper Ricardo did not.6. Great Danes (1992)Denmark 2 Germany 0Germany: reigning world champions, favourites, playing their first major tournament as a reunited nation. Denmark: flown in from the beach after Yugoslavia had been chucked out, in the final despite winning only one of their four games in 90 minutes. Absolute banker, right? Wrong. On a balmy summer’s evening in Gothenburg, the underdogs – with Peter Schmeichel resembling Ivan Drago in goal – outfought and outplayed the Germans. John Jensen (pictured, centre), scoring with his only shot on target that decade, and Kim Vilfort were the heroes in a true footballing fairytale. 2. Vive la persistance (1984)France 3 Portugal 2 (aet)Long before he was a disgraced suit, Michel Platini (above) was one of the world’s great footballers – and the 1984 Euros, held in his native France, saw him at his peak. He scored hat-tricks in group-stage victories over Belgium and Yugoslavia (them again), but he had been a relative bystander as defender Jean-Francois Domergue (scoring his only international goals) and Portugal forward Jordao exchanged braces in this dramatic semi final. Domergue’s second levelled things with only six minutes of extra time left – but there was still time for Platini to steal the show, swivelling to nervelessly stroke home Jean Tigana’s cross. France were in the final, which they won, and everything went really well for Platini for another 30 years or so. 5. SAS (1996)Netherlands 1 England 4Football came home in the summer of 1996 when, to the soundtrack of Three Lions, El Tel Venables and his exciting England team came as close as any since 1966 to ending those years of hurt. The headiest night of all came when the Netherlands were ripped apart in this group-stage clash. Pauls Ince and Gascoigne drove the side on from the middle, but it was the famed SAS – Alan Shearer and Teddy Sheringham (above) – who did the real damage. Both scored twice in a brutal, brilliant demolition job, Patrick Kluivert’s late strike adding the cherry of Scotland’s elimination. 7 7 7 11. Trezeguet’s golden strike (2000)France 2 Italy 1 (aet)Not the first time broken Italian hearts feature on this page. Surprise starter Marco Delvecchio had put Dino Zoff’s men ahead early in the second half of the Euro 2000 final. The single goal looked likely to prove decisive, but Sylvain Wiltord, that scorer of big goals, equalised in the third minute of added time – and, after some typical Robert Pires trickery on the left flank, future Juventus legend David Trezeguet spun and crashed in a dramatic golden-goal winner for the world champions.10. Great night, Vienna (2008)Croatia 1 Turkey 1 (aet, Turkey win 3-1 on pens)Vienna staged the most dramatic game of the 2008 Euros, as a quarter final dominated by Slaven Bilic’s Croatia – with Luka Modric superb – drifted goalless towards penalties. Ivan Klasnic rose to give them a deserved lead on 119 minutes, but the Turks rallied and Semih Senturk somehow found an equaliser a minute later. A devastated Croatia missed three of four penalties, Turkey’s ancient keeper Rustu Recber the hero.9. Super Mario (2012)Germany 1 Italy 2Germany had been irresistible in their four previous matches at Euro 2012, whereas Italy had won only one of theirs. But the favourites had never beaten Italy at a major tournament, and that run was to continue as Andrea Pirlo delivered a masterclass of passing in a semi final that would also prove Mario Balotelli’s finest moment. The forward headed the first and thrashed in a second, as Italy progressed to a final that wouldn’t necessarily go as well (see number 4). 7 7last_img read more

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first_imgHealth studies link diesel pollution from trains, trucks and freight ships to increased asthma, cancer and heart disease rates. kristopher.hanson@presstelegram.com 562-499-1466160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! LONG BEACH – Days after port authorities approved a $35 environmental fee on containers shipped through Southern California’s harbors, Gov. Arnold Schwarzenegger said Wednesday that he would support a similar fee at the state level. Schwarzenegger, who previously said container fees would hurt the economy, now considers them an option to help fund trade-related infrastructure and environmental programs. “I think fees are good; we just have to work it out with the various stakeholders,” Schwarzenegger said during a visit with U.S. Treasury Secretary Henry Paulson Jr. “It’s extremely important that we find a way to create economic development and increase trade, but at the same time take care of our environment.” AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhicker: Clemson demonstrates that it’s tough to knock out the champThe governor’s policy shift comes as California grapples with an ailing goods-movement infrastructure and growing health problems linked to diesel pollution. The ports of Long Beach and Los Angeles, which together handle more than 40 percent of the nation’s international trade, are listed by air quality regulators as the largest fixed source of air pollution in California. After vetoing a proposed $30 container fee in 2006, the governor in September withheld his signature from a similar bill, saying he would work during the legislative off-season to develop a program that allows private industry to help fund infrastructure repairs. Since then, Schwarzenegger has worked with state Sen. Alan Lowenthal, D-Long Beach, to drum up support for the bill, which would assess a $30 fee on every container handled at the ports of Long Beach, Los Angeles and Oakland. The estimated $500 million generated annually would be spent on infrastructure projects such as rail improvements and programs that reduce the health impact of air pollution caused by the transportation industry. last_img read more

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first_imgBOSTON – Boston Scientific Corp. further raised the stakes Thursday in a bidding war to buy rival medical-device maker Guidant Corp., boosting its offer by about $330 million in hopes of ousting rival suitor Johnson & Johnson. Boston Scientific’s sweeter, cash-and-stock bid of $73 per share – larger than the value of J&J’s overall offer, but with a smaller cash component – came 24 hours after J&J raised its bid for Guidant from $21.5 billion to $23.2 billion. With its new offer of roughly $25 billion, Boston Scientific hopes to turn Guidant’s board away from J&J’s offer and in favor of its proposal quickly. Boston Scientific said Thursday night it notified Guidant’s board that its latest offer would expire at 4 p.m. EST today unless Guidant’s board declared Boston Scientific’s offer superior by then. With such a declaration, Boston Scientific’s offer will remain open until Jan. 24. “Our amended offer addresses all of the outstanding issues raised by Guidant’s board,” Boston Scientific Chairman Pete Nicholas said in a statement. If the proposed transaction doesn’t close by March 31, Boston Scientific said it would increase the offer’s price each day thereafter at a daily rate that amounts to an annual interest rate of 6 percent. On Sunday, Natick, Mass.-based Boston Scientific announced a separate deal to satisfy antitrust issues by selling a piece of Guidant’s business for about $4 billion to Abbott Laboratories Inc., contingent on the closing of Boston Scientific’s Guidant proposal. J&J has argued its proposal offered Guidant shareholders greater certainty and a quicker deal than Boston Scientific’s bid. Boston Scientific’s Nicholas said his company “increased the value of our offer, satisfied any perceived antitrust concerns and provided shareholders increased certainty of value by agreeing to pay interest on the $73 share price if the transaction is not closed by the end of the first quarter.” J&J is a close No. 2 behind Boston Scientific in the market for drug-coated stents – metal-mesh devices that are coated with drugs to prevent scar tissue from creating new blockages after artery-clearing surgery. With new entrants expected in that field, Boston Scientific and J&J both see Guidant’s business as a crucial element in the expanding $10 billion market for pacemakers and implantable defibrillators. Earlier Thursday, a major Guidant shareholder said it planned to vote against the J&J offer, even at its revised price. Elliott Associates, a New York hedge fund with about 3 million Guidant shares, or just under 1 percent, wrote a letter to the company’s board, accusing J&J of using “heavy-handed and aggressive” tactics. Boston Scientific’s latest offer was announced after Guidant shares closed down 4 cents to $70.40 on the New York Stock Exchange. Boston Scientific stock fell about 1.4 percent, or 36 cents, to close at $25.05, and J&J traded down 29 cents to $62.21. Boston Scientific’s offer includes a protection to guard shareholders in case of a 10 percent up-or-down fluctuation in Boston Scientific’s stock before any shareholder approval. In December 2004, J&J offered $25.4 billion for Guidant, but lowered the amount to $21.5 billion 11 months later because of Guidant’s product recalls and regulatory investigations. Since June, Guidant has recalled or issued safety warnings for about 88,000 heart defibrillators and almost 200,000 pacemakers. The company also faces numerous lawsuits. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGift Box shows no rust in San Antonio Stakes win at Santa Anita Guidant spokesman Steve Tragash did not immediately return phone calls seeking comment. J&J spokesman Jeffrey Leebaw declined to comment. New Brunswick, N.J.-based J&J and Indianapolis-based Guidant said in a joint statement Wednesday night that Guidant’s board of directors would recommend shareholders vote in favor of J&J’s offer in a Jan. 31 shareholder meeting. With the latest offer, Boston Scientific is valuing Guidant at $73 per share – $2.60 above its closing price Thursday – and proposes to pay Guidant shareholders half in cash and half with its own shares. J&J’s offer would pay $37.25 in cash – 75 cents per share more than Boston Scientific – and 0.493 shares of Johnson & Johnson common stock for each outstanding share of Guidant common stock. J&J’s offer is worth $67.92 per share. In announcing the formal version of its initial Dec. 5 bid on Sunday, Boston Scientific had said that offer totaled “$25 billion in the aggregate” based on that bid’s $72 per-share price. But in announcing the revised offer Thursday night, Boston Scientific said its initial offer had been $24.6 billion, and that it boosted the total an additional $330 million in its revised offer, to just under $25 billion. last_img read more