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ARC Hospitality anticipates funding about $271 million of the purchase price with cash on hand, about $976 million through assuming existing mezzanine and mortgage debt and roughly $227 million through additional mortgage and mezzanine financing. |
ARC Hospitality recorded a 66.9 percent occupancy at the end of the first quarter for its existing six-hotel portfolio of 1,181 rooms. |
Failed South Korean cargo line Hanjin Shipping Co Ltd has found the money to unload a full container ship waiting outside a New York-area port. But there is another problem: once unloaded, the empty vessel may not be able to go back out to sea. |
Since filing for court receivership on August 31, the world's seventh-largest container carrier has caused chaos for many retailers at a time when they are getting goods for the holiday shopping season. |
The National Retail Federation on Tuesday urged U.S. Commerce Secretary Penny Pritzker to find a way to clear up the confusion. "The impact on small and medium-sized companies could be particularly devastating if this situation is not resolved in a timely manner," the group said in a letter. |
But the Miami is not being allowed in port because of a dispute about empty Hanjin shipping containers, which the Miami normally would load up as ballast to exit port. |
Without those empties, the ship "will not be able to depart the harbor because it would not have the air clearance to navigate under the Bayonne Bridge -- even at a dead low tide," said Doyle. Without a way to leave, the ship could tie up a berth. |
"There are so many disputes right now attached to empty containers that the terminal is not going to load the empties back onto the ship," Doyle said. |
The Port Authority of New York & New Jersey declined to comment, as did an attorney for Maher Terminal, which operates the marine terminal in Newark where the Hanjin Miami is expected to dock. |
The Hanjin Miami is currently off the U.S. East Coast, about 300 miles from New York, according to Reuters Eikon data. |
The Bayonne Bridge, which held the title of world's longest arch bridge for 45 years after it opened in 1931, presents a unique challenge to Hanjin. |
��������"The Hanjin boxes are radioactive. Nobody wants to take responsibility for them," said Mark Hirzel, chairman of the Los Angeles Customs Brokers & Freight Forwarders Association Inc. |
Darren Azman, an attorney for Bermuda-based Textainer Group Holdings Ltd said cargo owners and other Hanjin parties are working out an agreement that they hope will normalize the movement of shipping containers. |
������ Alex Rasheed, president of Pacific Textile and Sourcing Inc, a Los Angeles-headquartered importer and wholesaler of apparel, is anxious to receive $300,000 worth of seasonal fall clothing in two containers on the Hanjin Jungil, which is waiting off the coast of Southern California. |
"We're going to start feeling the pressure unless there is some kind of resolution," Rasheed said. |
Hanjin's bankruptcy also has U.S. exporters that were relying on the company scrambling to find alternatives, including flying goods to foreign markets at a loss, said Hirzel. |
�������� "I've even heard about air transport of agriculture exports," Hirzel said. "Economically, it's a guaranteed loser ... The only reason you would do that is to meet an order to get a contract in the future." |
Health care reformers pretend they want to make you healthy. Really, they want to sell your organs to China. And slay your grandma. And murder cute puppies. |
Daily Basic Materials Bull 3x Shares (MATL): This fund offers 3x daily exposure to the Materials Select Sector Index, a large cap benchmark that includes chemical manufacturers, paper companies, and firms engaged in the production of packaging products (among many other types of stocks). |
Daily Basic Materials Bear 3x Shares ( MATS): This bear counterpart to MATL seeks to deliver daily results that correspond to -300% of the daily changes in the same index [see MATS fact sheet]. |
Daily Healthcare Bull 3x Shares ( CURE): This ETF will deliver daily results that correspond to 3x the daily change in the Healthcare Select Sector Index, a benchmark that includes large cap U.S. stocks engaged in the manufacture of health care equipment or providing health care-related services [see CURE fact sheet]. |
Daily Healthcare Bear 3x Shares ( SICK): This fund is the bear counterpart to CURE, offering -3x exposure to the same health care benchmark [see SICK fact sheet]. |
"We understand that market direction matters, so we strive to offer an alternative to static investment strategies while delivering exposure to the various markets in which investors have high levels of interest, such as basic materials and healthcare," said Direxion President Dan O'Neill. |
The new products will beef up an existing suite of leveraged sector-specific ETF offerings from Direxion; the existing lineup has included 3x funds focused on agribusiness (COWL, COWS), energy (ERX, ERY), financials (FAS, FAZ), real estate (DRN, DRV), semiconductors (SOXL, SOXS), and technology (TYH, TYP). Direxion als... |
The new health care and materials ETFs offer leveraged exposure to sectors of the domestic economy that have generated significant interest in non-leveraged funds. The Health & Biotech ETFdb Category contains 23 products with aggregate assets of more than $13 billion. The Materials Equities ETFdb Category includes 14 E... |
Along with the set of 3x leveraged ETFs, Direxion also debuted an inverse fund linked to the MSCI US Broad Market Index. That benchmark is the same one replicated by the ultra-popular VTI, the largest ETF in the All Cap Equities ETFdb Category with almost $20 billion in assets. The Direxion Total Market Bear 1x Shares ... |
TOTS could have appeal for investors looking to establish a broad hedge against U.S. equities or short position in the U.S. stock market. According to the ETF screener, there are inverse ETFs offering exposure to a number of broad U.S. equity benchmarks, including the S&P 500 (SH), Russell 2000 (RWM), Dow Jones Industr... |
The launch of TOTS marks the first -1x equity ETF from Direxion; earlier this year the company debuted three inverse bond ETFs, including products focusing on intermediate term Treasuries (TYNS), long-dated Treasuries (TYBS), and the broad investment grade bond market (SAGG). |
Direxion also announced on Wednesday that the ticker symbols for the pair of ETF offering 3x and -3x daily exposure to the BNY Mellon China Select ADR Index would change. The bull fund is now YINN (previously CZM) while the bear counterpart becomes YANG (previously CZI). |
Derek Hough, who is preparing to embark on a nationwide tour, said Sunday's episode of "World of Dance" will feature a "dramatic" change for the show. |
Hough, 33, a six-time "Dancing with the Stars" champion, said the upcoming episode of "World of Dance's" third season on NBC will see the debut of a new segment called a "redemption round." |
"The two highest-scoring people who get knocked out [Sunday] will come back at the end of that episode and go head to head in a classic dance battle using the same song," Hough told UPI. |
He said the new addition makes for some "really dramatic, really cinematic moments" as the two dancers battle over who remain on the show for another week. |
Hough said his experiences on "Dancing with the Stars" and earlier competitions give him a different perspective than his fellow "World of Dance" judges, Jennifer Lopez and Ne-Yo. |
"I've had a number on my back, literally, since I was 12 years old," he said. "I understand what that's like, how that feels." |
Hough said he likes to give competitors constructive feedback on how to improve their performances. |
"Sometimes, I even go backstage and actually talk to the contestants and say, 'Hey, next time I think you should try this or do this.'" |
The dancer's relationship with Lopez, who originally asked him to be on the show, has evolved since the first season. |
He said that while there is a "mutual respect" between the judges, they have developed a "brother/sister kind of dynamic." |
"She asks me ... why I'm not married, why I don't have kids yet -- picking on me a little bit off camera," he laughed. "And I do the same to her!" |
Off the airwaves, Hough is preparing to embark on a nationwide tour of 59 cities, which kicks off April 5 in Charlotte, N.C. |
Hough said he will be touring with a live band for the first time, as well as a cast of dancers that includes some familiar faces from past seasons of "World of Dance." |
He said some fans might be surprised when he not only dances in the show, but sings and plays guitar, as well. |
"I'll be singing in the show, everything from 'Singing in the Rain' to covers from 'A Star is Born' ... it's gonna be a lot of fun," he said. |
Although he's most well-known as a dancer, Hough has dabbled in singing before, most notably in the London production of stage musical "Footloose" and as Corny Collins in NBC's "Hairspray Live!" |
Hough, who studied musical theater from a young age, said a return to the medium is "definitely in the cards," but it's "a matter of timing." |
"On Broadway, what I want to do is to originate something or revive something, and that usually takes about a solid year to get it together and workshop it [and] get it up on stage," he said. |
During his breaks from TV and stage performances, Hough has been working with U.S. Cellular on the Future of Good program, which donates to causes championed by 16 young activists under age 16. |
"I recently just flew out to Wisconsin and I presented a $10,000 check to a young man named Cayden, who's only 8 years old and has already raised more than $23,000" for the Platelet Disorder Support Association, Hough said. |
"It warms my heart, it really does, to see these young Americans do such great work," he said. "I think it's important for us to focus on the good." |
Hough's own youth was spent largely at the Italia Conti Academy of Theatre Arts in London, where he studied theater, dance and other media. |
The school led to his big-screen debut -- playing a background extra Hogwarts student in Harry Potter and the Sorcerer's Stone. |
"We were there for like three months on that set. It was really fun," he said. |
The experience led to one major regret, however. |
"I actually stole all those things from set -- the tie, the robe. I thought, 'This is gonna be worth something one day.' And, unfortunately, I lost it all, so I don't know where any of it is," Hough said. |
The fifth episode of "World of Dance's" third season airs Sunday night at 8 p.m. on NBC. |
SEATTLE, Dec. 5, 2017 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today announced it will debut its proprietary predictive modeling platform at the InsiderTech Conference held in New York on December 6th. Milliman's recently-created analytics software, Solys, uses advanced computer l... |
An internal tool that can be used to benefit Milliman's current and future clients, Solys simplifies processes, improves data management, and performs advanced predictive analytics using the latest software environments and programming languages. The leading technology increases efficiencies and consultant capabilities... |
"As insurers face disruption around the "Internet of Things," the shared economy, and autonomous vehicles, it's vital that their consultants provide the best answers in the fastest and most cost-efficient manner possible," said Fabrice Taillieu, a principal and consulting actuary in Milliman's Paris office. "Milliman's... |
To read Milliman's InsurTech research, go to www.milliman.com/insurtech. To subscribe to Milliman's InsurTech updates, contact InsurTech@milliman.com, or follow Milliman at www.twitter.com/millimaninsight. |
Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities arou... |
Joy Villa — she of the Make America Great Again dress at last year’s Grammys — has outdone herself on the red carpet this year with a hand-painted “Choose Life” purse and pure white bridal gown with a fetus surrounded by a rainbow in the shape of a womb. |
“I’m incredibly blessed to have given life, and I hope to encourage anyone in a similar situation to choose adoption,” she continued. |
Earlier in the day, she described the year she’d had since last year’s red, white and blue MAGA dress. It was a journey that included a visit to the White House, a meeting with the Trump administration on “issues that matter” to her, a trip to the World Series, and a gig as a regular commentator on Fox News. |
With an EP out and her first full-length record on the way, Villa said she’s launched an exploratory committee for a possible congressional campaign. |
The shooting: At least three people were killed in a Monday morning shooting on a tram in Utrecht. |
The suspect: Dutch authorities say they have caught the man suspected of opening fire. |
Our live coverage has ended. Read more about the shooting here. |
Turkey: "We are in full solidarity with the Dutch people" |
The Turkish Ministry of Foreign Affairs condemned the tram attack in Utrecht and expressed condolences for the victims. |
Why this matters: The suspect in the shooting, 37-year-old Gokmen Tanis, was born in Turkey. He had previous run-ins with law enforcement and was arrested on Monday night, police said. |
“We strongly condemn the attack that took place today (18 March 2019) in the city of Utrecht, in the Netherlands regardless of the identity of the perpetrator and the motivation behind it. |
We extend our condolences and wish fortitude to the families of those who lost their lives, and speedy recovery to those wounded. |
Policemen work on Monday in Utrecht, near a tram where a gunman opened fire. |
Dutch authorities have downgraded the terror threat level for the province of Utrecht to level 4 following the arrest of the tram shooting suspect, the National coordinator for security and Counterterrorism said on twitter. |
Earlier today, officials raised the threat level to a 5 – the highest – for the entire province. |
Dutch authorities said they were considering "a possible terrorist motive" for the shooting, which happened around 10:45 a.m. local time (or 5:45 a.m ET) Monday. |
Dutch authorities say they have caught the man suspected of opening fire on a tram in Utrecht, killing three people this morning. |
Rob van Bree, the head of operations of the Central Netherlands Police, announced the news Monday. |
Utrecht mayor: The manhunt is ongoing and police are doing "everything possible to catch the suspect" |
A manhunt is still ongoing in the Netherlands for the suspect in a tram shooting in Utrecht on Monday, the mayor said during a press conference. |
Police say Gokmen Tanis, 37, who was born in Turkey, is wanted following the incident. They have asked locals to contact authorities immediately if they see him. |
The threat level will remain at 5 – the highest – for the entire province until 10 p.m. local time tonight. |
The shooting: A gunman opened fire inside a tram in the Dutch city of Utrecht around 10:45 a.m. local time today. |
The victims: At least three people have died and five are wounded following the shooting, Utrecht Police tweeted. |
The suspect: Police say Gokmen Tanis, 37, who was born in Turkey, is wanted following the incident; they have asked locals to contact authorities immediately if they see him. |
Netherlands' king and queen: "Acts of violence such as these are absolutely unacceptable" |
The Netherlands' King Willem-Alexander and Queen Maxima said they feel "intensely" for the victims of the tram shooting and condemned the violence as "absolutely unacceptable." |
"Let us stand together for a community in which people feel safe and in which the freedom and tolerance are of utmost importance," they said in a statement. |
We are deeply saddened that three people were killed and others were seriously wounded in the attack in Utrecht. We feel intensely for the victims and their family members. Acts of violence such as these are absolutely unacceptable. Let us stand together for a community in which people feel safe and in which the freedo... |
Our thanks go out to all first responders who are currently assisting the victims. |
Our thoughts are with the inhabitants of Utrecht. |
Houses in the old centre of Utrecht are seen in January 2012. |
Located in central Netherlands, the city of Utrecht is the fourth-largest in the country. It is the capital of a province of the same name. |
It has a population of more than 347,000, according to 2018 data from the country's central statistics bureau. Around a third of the city's population is made up of immigrants, according to the Utrecht official website. |
Utrecht is the headquarters of the Netherlands' railroads and, as a result, trades on its location as a services and transport center. |
It is also somewhat of a student metropolis as it is also home to Utrecht University, one of the oldest and largest of the Dutch state universities. |
Dutch far-right opposition leader: "Dreadful news out of Utrecht" |
File photograph of Dutch far-right Freedom Party leader Geert Wilders at The Hague on March 8, 2017. |
Dutch far-right opposition leader Geert Wilders expressed his admiration for the first responders in the wake of the shooting incident on board a tram in the city of Utrecht. |
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