Dutch asset manager MN to reorganise, shed 200 jobs

first_imgRuud Hagendijk, chief executive, said: “Anticipating developments in the world around us is no voluntary option but a hard necessity to remain in the top of service providers.”Following ongoing automatisation of work processess, as well as the option of hiring capacity for temporary projects, MN said it wanted to reduce its workforce of 1,250 staff to a “rational scale”.It added that staff reduction would be carried out in cooperation with the unions and the company’s works council, and that the focus would be on education and relocating redundant staff elsewhere in the organisation.Michiel Cleij, spokesman for MN, said it unclear in which departments exactly staff cuts would be made, or whether there would be forced redundancies.MN is the provider for the large metal schemes PME and PMT, as well as the €3.5bn pension fund for the merchant navy.It carries out the pensions administration for almost 2m people affiliated with 36,000 employers in the Netherlands and the UK.MN’s UK operation would be equally affected by the restructuring, according to Cleij, who could not provide further details.Earlier, the large asset managers and pension providers APG and PGGM announced similar changes to their organisation, including significant staff reduction. The €100bn asset manager and pensions provider MN has announced it would embark on a four-year restructuring programme.During the process – aimed at cutting costs and adjusting its services to changes in the pensions system – the company is to shed more than 200 fulltime jobs, it said.In a statement, it said, to maintain its position as one of the largest asset managemers and pension providers in the Netherlands, it needed to anticipate the trend of consolidation, changes to the pensions system, new pension plans and flexible labour.It said its clients not only demanded a smooth incorporation of new legal rules, modern management of pension schemes and social plans, but also wanted increasingly efficient processes and adequate communication.last_img read more

Diana Containerships Hit with Class Action Lawsuit

first_imgA class action lawsuit has been filed by a number of law firms against Diana Containerships over the shipping company’s “unlawful business practices”.Bronstein, Gewirtz & Grossman informed that the lawsuit has been filed against Diana Containerships and its officers on behalf of shareholders who purchased Diana securities between January 26, 2017, and October 3, 2017.What is more, Kahn Swick & Foti (KSF), former Attorney General of Louisiana, Charles C. Foti, Jr., are reminding investors that they have until December 22, 2017, to file lead plaintiff applications in a securities class action lawsuit against Diana Containerships if they purchased the company’s shares during the aforementioned period. This action is pending in the United States District Court for the Eastern District of New York.Two more law firms including Faruqi & Faruqi and Pomerantz are investigating potential claims against Diana Containerships. Faruqi & Faruqi is encouraging investors who suffered losses exceeding USD 50,000 investing in Diana Containerships to contact the firm.The complaint alleges that during the Class Period, defendant Symeon P. Palios, the Company’s CEO and Chairman of the Board, caused Diana to engage in a series of manipulative share issuance/sales transactions with Kalani, a British Virgin Islands entity, and related entities.On January 26, 2017, Diana filed a shelf registration statement for the sale of USD 250 million worth of company securities. Over the following eight months, Diana sold large volumes of its common shares and securities convertible into common shares to Kalani at a significant discount to market price.Kalani subsequently resold these shares into the market. As Diana’s share price declined following Kalani’s sales, the company executed a series of reverse stock splits that had the effect of raising its share price.By October 3, 2017, the price of Diana common stock had declined from USD 2,500 per share to USD 0.47 per share on an unadjusted basis. At this share price, Diana had a market capitalization of less than one million dollars, despite having raised millions of dollars from investors since January 2017.last_img read more

Miss Carribean-US Pageant Finalist Says She Never Got Paid

first_img Share 28 Views   one comment EntertainmentInternationalNewsPrintRegional Miss Carribean-US Pageant Finalist Says She Never Got Paid by: – June 8, 2012 Share Sharing is caring!center_img Share Tweet Nelisa Smith. Photo credit: caribbeancelebs.comPhiladelphia’s 2012 Miss Caribbean-US pageant is just a month away. But a finalist from last year’s contest is raising a stink, claiming she never received her prizes.Nelisa Smith reached out to us via email and says she’s still waiting for the cash she was promised for her performance in last year’s Miss Caribbean-US pageant. 28 year old Nelisa Smith was born and raised in Dominica, attends college in New York and came to Philadelphia last July, to participate in the Miss Caribbean-US pageant.She finished second runner-up, third place, and expected her cash prize. But nearly a year later she never got paid. Among the issues, Nelisa and the other contestants sold ads for the program book many of the ads were left out and Nelisa was stuck holding the bag. The Miss Caribbean Pageant website describes it as a showcase for bright young women from the islands who combine brains and beauty. The pageant CEO Yolanda Wallace says Nelisa Smith was trouble from the start.When Nelisa failed to get her prize money, she fired off several obscenity-laced emails.Nelisa went to court in King’s county, New York and got a $5600 judgment against the pageant. Yolanda Wallace says they won’t be paying it anytime soon.This year’s Miss Caribbean – US pageant is scheduled for Saturday, July 7th- 5pm- at MLK High School in Philadelphia.It would be nice if the pageant and Nelisa Smith could resolve their long and bitter dispute before it casts a dark cloud over the event.Fox Phillylast_img read more

New fire station opens in Lake Santee

first_imgA grand opening ceremony was held Saturday evening. (Pat Smith/ Greensburg Daily News)GREENSBURG, Ind. – A brand new fire station is open and ready to serve the expanding community of Lake Santee.Funding for Fire Station No. 2 was made through various fundraising events and the 116-thousand dollar building is paid for, according to the Greensburg Daily News.Twenty-seven volunteers are ready to provide fire and EMS services to the approximate 500 homes in Lake Santee and surrounding communities.The newspaper reported that firefighters are currently raising money to purchase a fire truck.Along with the Clarksburg Community Volunteer Fire Department, the Lake Santee station serves parts of Decatur, Franklin and Rush counties adding up to approximately 5,000 people and one hundred square miles.last_img read more

Bulldogs Netters Blank Knights

first_imgBatesville defeated South Dearborn 5-0 on Thursday. Lleyton Ratcliffe, Sam Giesting, and Adam Scott won in singles. The doubles teams of George Ritter & Cooper Williams and Ben Rodgers & Brayden Worthington also won.Batesville JV also won 4-0. Lane Oesterling and Grant Story won in singles along with the doubles team of Sam Voegele & Seth Gausman.Batesville will host Centerville on Friday at 5:00.Courtesy of Bulldogs Coach Mike McKinney.last_img

McLaren: Alonso Primed for F1’s 2017 Challenge

first_img“He’s been working very, very hard this winter and he’s really ready and eager,” McLaren’s racing director told Sky Sports News HQ’s Rachel Brookes.“He drove this kind of car, or even faster car, in the past so he knows what to expect.“He can’t wait to drive the car. He drove it in the simulator but it’s not the same. I’m sure he can’t wait to drive it on the track and see if it’s delivering what we expect.” Alonso is joined in McLaren’s 2017 line-up by Stoffel Vandoorne, who at 24 years old is 11 years younger than his two-time world champion team-mate.But asked if the 35-year-old Alonso might have to train harder as a result, Boullier replied: “Stoffel never drove such a high-downforce car or high-energy car, so he may have a couple of days [needing] to suit his body just to make sure he’s fit.“But he also worked very hard over the winter, he’s ready. They’re both ready.”Speaking at a Pirelli pre-season launch event, Boullier said McLaren were hitting their in-house targets with the development of their new MCL32 car.And asked if the structure of the team’s management was clear after several months of upheaval, Boullier said: “It’s clear for everybody and obviously we have a challenge now which is to still make the car winning as soon as possible.”McLaren launch their new challenger on February 24 and Boullier confirmed the MCL32 would feature a new-look livery amid sustained speculation the design will feature the orange colour from the team’s cars in the late 1960s and early 1970s.“You will see a change of livery,” added Boullier. “Just wait a couple more days and you will see it.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Fernando Alonso is “ready and eager” for the increased challenge set to be posed by driving F1’s 2017 cars, according to McLaren’s Eric Boullier.Alonso was a long-term critic of F1’s regulations in recent years, expressing frustration that cars had become less demanding to drive since the start of his career in the early 2000s.With increases in downforce set to lower lap times by at least three seconds in 2017, and Pirelli producing tyres which are no longer deliberately designed to lose performance, Boullier says McLaren’s Spanish driver is looking forward to the challenge ahead.last_img read more

Turner relies on family, faith

first_imgWrestling is in Tyler Turner’s blood. So is being a Badger.It’s no wonder that the senior from rural Spring Valley chose to wrestle at the University of Wisconsin. His three older brothers, Ryan, Adam and Tony all wrestled as Badgers, and his dad was a high school wrestling coach.”It was kind of natural that I got into it,” Turner said. “When my oldest brother came [to Wisconsin], right then I knew that I wanted to go to a Division I school. If he could do it, then I knew I could do it. And then my next brother came, and I was like, I’m going to Wisconsin. I wanted to be a Badger.”Although the decision already seemed to have been made for him, Turner said he was not pressured into coming to UW and was supported by his entire family.”My parents and [brothers] were like, ‘You can go wherever you want, we’re going to support you,'” Turner said.”It’s a strong family,” UW head coach Barry Davis said. “They’re very close. They all had the same qualities.”A wrestler since the age of 5, Turner admits that the sport didn’t come easy at first, despite the heavy family influences.”I wasn’t real good at it right away,” Turner said, “but I picked up on it and enjoyed doing it.”Turner also enjoyed the time he spent wrestling on the same team as his brothers. Though he didn’t get to be teammates with his oldest brother in high school, the four siblings all had the chance to share the mat together during Tyler’s freshman year at UW.”It was awesome,” Turner said. “Just to see that difference in my brothers, to see how far they’ve improved, it made me real excited.”With such a strong wrestling background in the family, the Turner boys engaged in their fair share of wrestling around the house.”We were pretty crazy growing up,” Turner said. “Definitely a lot of bumps and bruises.”All that time spent competing with his brothers has certainly paid off. As a high schooler, Turner was a two-time state champion with a career record of 148-5. He was named UW team captain this year for the third straight season and is currently ranked fourth in the country in the 149-pound division.His coach feels that Tyler has the chance to top the accomplishments of his big brothers and become a national champion.”He’s been doing well,” Davis said. “I could see the improvement coming this summer. Right now, Ty has a chance to do something the other three never had the chance to do, and that’s being on the victory stand here.”Coach Davis also feels the move from the 157-pound weight class to his current 149-pound weight was the right move after Turner came into the season a few pounds lighter than last year.”He’s taller, has more leverage that way, and he’s much stronger at that weight class,” Davis said. “It was a good move for him to go down to 149.”While Turner finds great strength in his close family upbringing, he also contributes much of his success to his faith. Although he is majoring in elementary education, he plans to seek a higher calling after his career at Wisconsin through sports ministry.He and his fiancée, current Badger women’s hockey player Phoebe Monteleone, are involved in a group called Athletes in Actions, a Christian sports ministry that works with college students.”We’re trying to use sports as a way to bring out Christ through people,” Turner said. “We’re here on campus to develop the total athlete. It’s a really cool ministry that I’ve been really involved with for the last four years, and I’ve put it in my heart to keep going with that. It’s a lot of fun.”With a great family history behind him, Turner’s future looks equally as promising, both for Turner individually and for his team.”We have a solid team if everybody stays healthy,” Turner said. “[If everyone] does what they’re doing now, I think we’ll be just fine.””Ty’s very goal-oriented,” Davis said. “He’s very organized. It’s a good thing, because it kind of settles everything in for him. I think he’s going to have a very bright future.”last_img read more

Purdue pass attack next test for Wisconsin defense

first_imgFollowing one of the most controversial referee decisions in recent memory, the Wisconsin football team returned home following a game they surely thought they deserved to win. However, the Badgers were less lucky in the waning moments against the Sun Devils and will enter Big Ten play this Saturday in a bit of limbo.Head coach Gary Andersen answered questions regarding the end of the ASU game during his Monday press conference and Tuesday teleconference — time slots usually reserved for questions about preparing for his next opponent, rarely his last. And now, five days removed from the controversial decision, Wisconsin (2-1) begins its conference schedule against struggling Purdue (1-2).The Boilermakers arrive in Madison following what was one of their more impressive performances of the season — albeit in a 34-27 loss — against No. 22 Notre Dame.Two weeks removed from a season-opening 42-7 loss to Cincinnati, Purdue led Notre Dame entering the fourth quarter last Saturday but dissolved in the last 15 minutes against the ranked Irish. Senior quarterback Rob Henry had efficiently led Purdue within striking distance when his interception-returned-for-touchdown took the underdog out of the running.However, Henry amassed 256 yards and one score through the air against Notre Dame. The Boilermakers’ passing attack was plenty enough to catch the eye of UW defensive coordinator Dave Aranda.“When you look at the Notre Dame game, in the pass game, Notre Dame was hurt when [Purdue] was really aggressive. When they flex their muscles, so to say,” Aranda said. “Purdue is difficult to defend, that, if you get too aggressive with them, they’ll try to bite you back.”They bit the Fighting Irish early, and almost bit them in the end, the fate Wisconsin eventually found in Arizona. It was a passing attack that undid the Badgers’ chances at Sun Devil Stadium and it will most likely be a passing attack that presents the greatest test this Saturday at Camp Randall.A pro-style offense — implemented by first-year offensive coordinator John Shoop — is the difference Wisconsin will see across the line of scrimmage. However, the running half of that offense has been largely missing in 2013.Purdue’s leading rusher is junior running back Akeem Hunt, who has tallied 125 total yards on the ground this season, a number Melvin Gordon has topped in each of Wisconsin’s three games. As a team, the Boilermakers have rushed for just 237 yards in 2013, or less than each of Wisconsin’s three working backs, individually.Not to compare one of the best at something to its opposite, but where Purdue could be most effective might again be in the passing game, exactly where Wisconsin found trouble against Arizona State.The back-shoulder fade caused problems for the relatively inexperienced Badgers’ secondary as Sun Devils’ quarterback Taylor Kelly threw for 352 yards, 127 of them in the comeback fourth quarter. Saturday’s game brought into question which defense Wisconsin would be led by in the Big Ten; the two-shutout defense from the beginning of the season or the Swiss cheese-like defense that surrendered a second half lead. Cornerback Peniel Jean is pretty sure of Wisconsin’s defense moving forward.“We’re definitely a team that can shut down and keep points off the board,” Jean said. “Obviously, every defense is going to give up points, but I think we’re going to give up the minimum amount of points possible.Jean noted the back-shoulder fade that crippled the corners in Arizona was a point of emphasis this week, saying it is one of the areas where their group can grow. Another is clean play.Wisconsin was flagged six times Saturday night, amounting 76 yards, no incredible quantity. However, all six came against the Badgers’ defense, five against the secondary. Two of them aided Arizona State scoring drives in the second half.“We kind of beat ourselves in certain situations … self-inflicted wounds is what we call them,” senior linebacker Ethan Armstrong said. “A late hit penalty or a pass interference penalty or not executing a third down call … That was the biggest thing; things that not necessarily they did, but we did to ourselves to put them in a situation to score.”Aranda agreed with the third down execution. While Wisconsin made the stop they needed in the final two minutes to set up its fateful drive, Aranda and the defense realized they had chances throughout the fourth quarter where they could have made stops earlier.The consistency of three-and-outs is what Aranda is looking for from Wisconsin in its most clutch moments as its welcomes a writhing Purdue offense to Camp Randall.“There’s times when we’re going to need a three-and-out and we’re going to need a stop. I want to be able to see us step up in those times,” Aranda said. “Those types of things, when we leave that sideline, everyone knows, ‘Hey, in three plays,  we’ll see you back again.’”last_img read more

Men’s basketball: What you need to know about Wisconsin’s NCAA first round opponent Pittsburgh

first_imgWisconsin men’s basketball will go dancing for the 18th straight year.As a No. 7 seed, the Badgers (20-12 overall, 12-6 Big Ten) will take on No. 10 Pittsburgh (21-11 overall, 9-9 ACC) in its opening round matchup of the 2016 NCAA Tournament March 18. The position Wisconsin finds itself in will not be fortuitous for a third-consecutive Final Four run, but Wisconsin head coach Greg Gard and his team will treat the situation the same as any game — one at a time.The Badgers’ first round opponent hasn’t fared nearly as well as UW this season though. Here’s what you need to know about the Panthers.Big games, big lossesThe Panthers are 1-7 against ranked teams and barely squeaked by Syracuse in the second-round of the ACC Tournament, winning that game 72-71 before falling to North Carolina in a demoralizing 17-point loss in the quarterfinal.On average, the Panthers lose ranked games by about 13 points, but have an impressive 14-point win over then-No. 15 Duke. Though one game is not enough to classify Pittsburgh as a “big-game team.”On the other hand, Wisconsin is 5-5 against ranked opponents, which included four top-15 wins.The Badgers, however, are fresh off defeat to Nebraska in the Big Ten Tournament —  in which they shot just 30.2 percent — and riding a two-game losing streak. But Gard and his players have reiterated since then that they are looking to correct their mistakes and return to fundamentally-sound basketball.Men’s basketball: Nebraska’s tough defensive effort down BadgersINDIANAPOLIS – Once the final horn sounded on Thursday night, Wisconsin men’s basketball players hung their heads, matching the sentiments Read…Slowing it down and making the most of itBoth Wisconsin and Pittsburgh play slow basketball, managing the clock and looking to make the most of each possession. The Panthers average an adjusted 66.3 possessions per game, two higher than the Badgers’ 64.3 per game.Their slow tempo makes each fall around the 300-mark in terms of the fastest teams in the country. But that has become a defining characteristic of Wisconsin basketball over the past few seasons and has paid out well for the Badgers.It’s going to be a duelThe Panthers do maintain a slightly better offensive efficiency rating than the Badgers (112.7 to Wisconsin’s 110), but it’s a negligible difference since both teams fall relatively close in those rankings. Pittsburgh is the 33rd most-efficient, while Wisconsin is at No. 67.What the Panthers do have over Wisconsin is the fact they are a slightly better shooting team, edging the Badgers in field goal percentage by .03 percentage points. Pittsburgh knocks down .460 percent of shots and drops slightly below Wisconsin’s mark when shooting threes, .348 percent compared to the Badgers’ .358 percent.But what Wisconsin gives up on offense, they make up for in team defense. The Badgers defensive efficiency is 95.3 points Pittsburgh’s checks in at 99.8.Since both teams are similar in strategy and boast advantages in different areas, the game has all the makings of becoming a strategic duel between Gard and Pittsburgh head coach Jamie Dixon.Men’s basketball: A quick look at what Wisconsin is up against in the East regionAfter a miraculous turnaround in the second half of the season under head coach Greg Gard, the Wisconsin men’s basketball Read…Pittsburgh player to watch: Michael YoungYoung, a junior, is one of, if not the most athletic player on Pittsburgh’s roster. Standing at 6-foot-9, he presents an immense challenge to a Wisconsin team that’s shown embarrassing interior defense at times this season.He averaged a team-high 16 points and seven rebounds and sits at third-best for assists, blocks and field-goal percentage.Despite his size, Young is a nimble player. He consistently makes smart reads on passes, which lead to steals and his agility can beat defenders off the dribble, ending in emphatic slam-dunks more often than not. He has also showcased a repeated ability to beat trailing opponents on fast breaks while dribbling.Wisconsin’s big men will have a tough time containing him given their past experience with players of this type. Look no further than last weekend’s defeat against Nebraska, where Shavon Shields had an all-around marvelous game.last_img read more

Men’s basketball: Indiana put up good fight, but Wisconsin perseveres tough shooting day for 65-60 win

first_imgIt did not have to be pretty, and it certainly wasn’t, but the University of Wisconsin men’s basketball team held off Indiana 65-60 at the Kohl Center Sunday.On a weekend in which six of nine top 10 teams lost, No. 10 Wisconsin (20-3, 9-1 Big Ten) avoided succumbing to the trend. Both teams shot poorly, with Indiana (43 percent) actually outshooting Wisconsin (40 percent). The difference in this one, though, was at the free-throw line. Lately, that’s been the disadvantage for the Badgers, but not Sunday.Senior forward Nigel Hayes scored nearly half of his points from the line, with only one miss (7-for-8). Redshirt sophomore forward Ethan Happ was 4-for-7 from the charity stripe. As a team, Wisconsin was 23-for-31 (74.2 percent) from the line. It was the second-best free throw shooting performance by the team in conference play this season.“My buddy here [Hayes] was clutch down the stretch,” Happ said after the game. “You can continue it, as long you work hard and keep concentrating.”Men’s basketball: Fighting Illini no match for controlling BadgersThe University of Wisconsin men’s basketball team started out strong and never trailed as they knocked off the University of Read…Even after Sunday’s boost, Wisconsin ranks 12th in the Big Ten in free-throw shooting percentage. But UW head coach Greg Gard said Wisconsin stepping up from the charity stripe was another example of finding ways to win.“I thought getting to the free-throw line was maybe a counter to us not shooting the three well, or as well as we’re capable of,” Gard said. “That’s what good, experienced teams will [do].”Happ finished with a team high 20 points and added seven rebounds, three blocks and three steals. Hayes managed his third double-double of the season with 15 points and 10 rebounds.“Looking at our total field goals and field goals made, it doesn’t look very good,” Hayes said. “Ethan, Mr. Reliable, went 8-for-10, so that’s good to see. Other than that though, no one shot particularly well. Thank goodness there are two sides of basketball game.”Indiana (15-9, 5-6) was without James Blackmon, Jr. and OG Anunoby, who suffered a season-ending knee injury last month. Blackmon missed his third straight game with a knee injury of his own. Josh Newkirk led the Hoosiers with 22 points, shooting 4-for-6 from three, in 38 minutes. Thomas Bryant and Robert Johnson each added 11 points.“We were able to make up some things on the defensive end,” Hayes said. “This is a high-scoring Indiana team and to hold them to 60 points is something to be proud of.”After UW jumped out to a 20-9 lead with nine minutes remaining in the first half, Indiana mounted a comeback to eventually tie it at 24 with 2:33 left. A Bronson Koenig (11 points, seven rebounds) 3-pointer closed the book on first-half scoring and UW led 27-24 at the whistle.Eight UW turnovers fueled the Hoosiers comeback. Overall, Wisconsin committed 13 turnovers, while Indiana coughed it up 15 times. The Badgers outscored the Hoosiers 16-6 on points off turnovers.In the second half, Happ’s first of two furious dunks made it 33-26. Happ brought down a lofted in-bounds pass above the rim and flushed it.Indiana once again fought back and cut it to 35-33 before Brevin Pritzl’s shot-fake and baseline drive started a 7-2 run to gain some breathing room.In 12 minutes, Pritzl scored six points, going 4-for-4 from the free-throw line. Down the stretch, Pritzl took senior forward Vitto Brown’s place on the court, playing side-by-side with the four other starters. The offense picked up following his lay-up and ball movement improved with him on the court.Men’s basketball: UW moves up in rankings, earns Happ Big Ten Player of the WeekUniversity of Wisconsin men’s basketball’s sophomore forward Ethan Happ was named Big Ten Player of the Week Monday for the Read…“I was just trying to help these guys out and get the offense moving,” Pritzl said. “I’m just trying to make their jobs easier by making other people pay attention to me.”A 3-pointer from senior guard Zak Showalter provided the Badgers with a dagger and made it 58-50 with 1:37 remaining. Three possessions earlier, Happ jumped a passing lane, drove the length of court and pounded a ferocious one-handed slam as the crowd grew to its loudest all game.When it was all said and done, Gard was happy his team found a way to win and escape a wild weekend of college basketball unscathed.“You’re going to go through some ups and downs,” Gard said. “You’re going to go through nights when the ball doesn’t go in. We’ve been able to find other ways – whether it’s defensively, on the defensive glass. We’ve calloused and toughened a little bit.”last_img read more