Resignation to save 650 Aughinish jobs

first_imgWhatsApp Facebook Shannon Airport braced for a devastating blow TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type! Linkedin RELATED ARTICLESMORE FROM AUTHOR NewsBusinessResignation to save 650 Aughinish jobsBy Staff Reporter – November 9, 2018 1910 TAGSAughinishbusinessLimerick CountyNews Twitter Printcenter_img Limerick on Covid watch list OLEG Deripaska, the Russian billionaire owner of Aughinish Alumina in Askeaton has handed over control of his company in bid to ease pressure from trade sanctions imposed by the US Treasury Department.The sanctions, imposed on a number of Russian industrialists who the US claimed were aligned to the Kremlin and profiting “malign activities”, had posed a serious threat to the 650 jobs at the County Limerick plantSign up for the weekly Limerick Post newsletter Sign Up After several rolling extensions to the imposition of sanctions were granted by the US authorities, Mr Deripaska finally relinquished control of En+ Group, the parent firm of Rusal which owns and operates the Aughinish plant. The company said that the move was made as part of a larger initiative, known as the Barker Plan which was established after the Trump administration imposed the trade sanctions.  “These management changes are consistent with the Barker Plan and the enhanced governance structures it will introduce,” the company said in its statement last Friday.“The Company continues to focus on and prepare for the implementation of the Barker Plan … and will make further announcements as soon as possible,” the statement added.  Apart from the serious threat to the jobs at Aughinish, Rusal has experienced significant challenges and disruptions to its day-to-day functioning,The firm continued to experience difficulties in trading with suppliers and customers.Last week, a spokesperson for Rusal confirmed that the OFAC sanctions were threatening the “going concern” status of the Aughinish refinery.Following last Friday’s announcement, management at the Limerick plant, along with the Irish government officials, will now petition the US Treasury Department’s Office of Foreign Assets Control to remove Aughinish Alumina from the list of companies targeted for sanctions. Email Advertisement Limerick businesses urged to accept Irish Business Design Challenge Previous articleBeyond the neon runesNext articleFAI Junior Cup is the main focus this weekend Staff Reporter Ann & Steve Talk Stuff | Episode 29 | Levelling Up Exercise With Oxygen Training at Ultimate Health Clinic last_img read more

Treasury Prices Auctions for $15.4 Million in Preferred Stock as Part of TARP Wind Down

first_img The Best Markets For Residential Property Investors 2 days ago Treasury Prices Auctions for $15.4 Million in Preferred Stock as Part of TARP Wind Down Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland.  Print This Post The U.S. Department of Treasury has priced auctions of preferred Capital Purchase Program (CPP) stock for five institutions as part of the government’s strategy to wind down the Troubled Asset Relief Program (TARP) and recover remaining CPP investments, according to an announcement from Treasury.Treasury said it expects the aggregate gross proceeds to taxpayers from the auctions to be about $15.4 million. The five institutions auctioning the CPP stock are as follows:Citizens Bank & Trust Company (Covington, Louisiana): 2,520 shares totaling about $1.64 millionCSRA Bank Corp. (Wrens, Georgia): 2,520 shares totaling about $3.08 millionMetropolitan Capital Bancorp (Chicago, Illinois): 4,490 shares totaling about $4.23 millionPrairie Star Bancshares (Olathe, Kansas): 2,940 shares totaling about $3.51 millionSouthFirst Bancshares (Sylacauga, Alabama): 2,898 shares totaling about $2.89 millionThe auctions are expected to close on or about June 29, 2015, subject to customary closing conditions, and the offerings were priced through modified Dutch auctions, according to Treasury.”These auctions are part of the strategy that Treasury outlined in May 2012 for winding down its remaining TARP bank investments in a way that protects taxpayer interests and preserves the strength of our nation’s community banks,” Treasury said in a press release. “Treasury indicated that it intends to use a combination of repayments, restructurings, and sales to manage and recover those remaining investments.”Signed into law by the Bush administration, TARP was created in 2008 at the height of the nation’s financial crisis in order to implement programs to stabilize the financial system during the financial crisis of 2008. Treasury initially invested $245 billion in TARP’s bank programs, and to date Treasury has recovered $275 billion through repayments, dividends, interest, and other income. The $30 billion overage has resulted in a significant profit for taxpayers. The Small Business Lending Fund (SLBF) has resulted in the repayment of about $2.2 billion in TARP funds by CPP institutions that refinanced their repayments under the SLBF. Congress created the SBLF as a way for CPP institutions to repay TARP funds.Treasury said the vast majority of the $275 billion recovered to date came from repayments at par, dividends, interest, and sales of warrants. The amount recovered as a result of CPP preferred stock sales amounts to about 1 percent ($3 billion) of that total of $275 billion.TARP is expected to cost the government about $37.5 billion, far less than the $700 billion which Congress authorized for the program. Much of the cost has gone toward TARP to assist struggling homeowners avoid foreclosure. Click here to see Treasury’s Monthly 105(a) Report to Congress on TARP, or click here to see an interactive MAP showing how Treasury has invested and recovered TARP funds. The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Treasury Prices Auctions for $15.4 Million in Preferred Stock as Part of TARP Wind Down Subscribe Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Department of Treasury TARP Troubled Asset Relief Program 2015-06-19 Brian Honeacenter_img Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Department of Treasury TARP Troubled Asset Relief Program in Daily Dose, Featured, Government, News June 19, 2015 1,249 Views Previous: S&P Downgrades Ocwen’s Ratings to ‘Below Average’ Next: Mortgage Industry Welcomes CFPB’s Proposed TRID Delay Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea Share Save Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Donovan: NCUA out of approps a win for 360-degree advocacy

first_img 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr CUNA Chief Advocacy Ryan Donovan called last week’s successful amendment keeping NCUA out of the appropriations process a great example of what’s possible with 360-degree advocacy in an interview with CUBroadcast Tuesday. Donovan, being interviewed from Madison, Wis., talked about how CUNA, leagues, credit unions and members made their voices heard during the process, as well as what comes next.“This means we won’t be fighting a battle in the appropriations committee every year trying to make sure NCUA is funded at appropriate levels or trying to beat back banker attacks to dictate what goes on at NCUA,” Donovan said. “We want to make sure NCUA is an independent regulator that is doing well by credit unions, that it’s protecting the share insurance fund and more importantly, that the folks sending resources to fund the agency have a say in how those resources are being used.”The original appropriations bill (H.R. 3354), contained a section that would have placed NCUA under the appropriations process, but an amendment offered by Reps. Mark Amodei (R-Nev.) and Pete Aguilar (D-Calif.) was successfully added by voice vote the day before. continue reading »last_img read more

Dodgers reliever Tom Koehler will be out indefinitely with shoulder strain

first_imgGLENDALE, Ariz. – Whatever role Tom Koehler was going to fill in the Dodgers’ bullpen, he won’t be filling it any time soon.Koehler was diagnosed with a mild anterior capsule strain in his right shoulder and will be sidelined indefinitely.“It all depends on how everything works,” Koehler said of the recovery time for his injury. “Could be weeks, could be months. Right now, it is a little bit of an unknown.”Koehler said the injury is a “milder version” of the injury that left-hander Julio Urias underwent surgery for last summer. Urias had a tear in his shoulder capsule and will be sidelined for 12 to 14 months. Koehler said surgery was not raised as a possibility in his case. Newsroom GuidelinesNews TipsContact UsReport an Error “That word wasn’t even mentioned,” Koehler said. “I think that’s one of the reasons I’m kind of okay today, kind of upbeat. I don’t know how long it’s going to take. But the surgery option was not mentioned and I will be pitching again this year. I just don’t know when.”The 31-year-old Koehler was signed by the Dodgers in December as a conversion candidate after spending six seasons in the majors with the Miami Marlins and Toronto Blue Jays primarily as a starting pitcher. He was expected to pitch high-leverage situations out of the bullpen for the Dodgers this season.“It doesn’t change my goal for the season. It just delays it a little bit,” said Koehler who signed a one-year, $2 million contract. “I came here to help this team win the World Series. If that starts a little later in the season, so be it. Hopefully, the impact can be made on the back end or in the middle of the year. Hit the ground running because this is a good team here.“They’re going to be able to pick up the slack for sure. My goal right now is to get back and contribute to winning that championship.”Koehler said he felt fine when he entered Friday’s game in the third inning. He gave up a home run to the first batter he faced and began to feel discomfort in his biceps.center_img “I got in the game and threw a couple pitches and just wasn’t feeling right,” Koehler said. “But I’ve pitched for awhile and I’ve pitched through things before where it’s kind of one pitch you feel something then two pitches later it’s gone. This wasn’t the case. It’s like it just kind of progressively got a little bit worse.“Originally, I was supposed to go two innings yesterday so in my head I was thinking, I’m just going to get through this one and then tell them, ‘Hey, something doesn’t feel right.’ But it got to the point where I knew I couldn’t keep going.”He left the game after facing four batters and underwent an MRI that revealed the capsule strain. Koehler missed over a month of last season with bursitis in the same shoulder but said that was unrelated to this injury.“It’s not the way I’d like my tenure as a Dodger to start, two weeks in,” Koehler said. “But (stuff) happens.”last_img read more

Two England teams reach European semi-finals

first_img The England men’s and women’s teams are through to the European team championship semi-finals after both dug deep to defeat Irish sides. The men, playing at Halmstad Golf Club, Sweden, won through 4½-2½ and now play Scotland. The women, who are top seeds and are playing at Helsingor Golf Club, Denmark, were 4-3 winners and will play Switzerland tomorrow. Both teams were on the back foot after the two sets of foursomes were won 2-0 by the Irish. But, although the scoreline favoured the opposition, all the matches were close, two finishing on the 17th, one on the 18th and the other, involving Jimmy Mullen and Ashley Chesters, on the 20th.  And in the singles it was the English who converted tight games into wins. In the men’s match Mullen won on the 20th, Chesters on the 17th and Ashton Turner (Image © Leaderboard Photography) on the 18th, beating the Irish open amateur champion Gavin Moynihan. Meanwhile Ben Taylor was in command throughout his match against Brabazon Trophy winner Cormac Sharvin, winning 4/3. Nick Marsh’s game was halved. In the women’s match, Hayley Davis, the English strokeplay champion, romped to a 7/5 win, while Meghan MacLaren, the British stroke play champion, won 3/2. Alice Hewson claimed her point on the 18th and Charlotte Thomas clinched it for England – on the 22nd hole. A battle royal between the world number one Leona Maguire of Ireland, and world number three Bronte Law ended on the 19th, in Ireland’s favour. However, the England boys’ team, who qualified top in the stroke play, were beaten 5-2 in their quarter-final by Norway. Bradley Moore and Will Enefer won their morning foursomes, but only Enefer could manage a singles win. They are out of the hunt for medals and now play for place, meeting Italy tomorrow. England’s girls, who qualified top in flight B of their championship, beat Belgium 3½-1½ and will now play Denmark. Sophie Lamb and Annabel Bailey had a comfortable foursomes win, while Emma Allen won her singles 7/5 and Sammy Fuller claimed the match with a 1 hole win in her game. The teams: Men, playing at Halmstad Golf Club, Sweden: Ashley Chesters (Hawkstone Park), Nick Marsh (Huddersfield), Jimmy Mullen (Royal North Devon), Ben Taylor (Walton Heath), Ashton Turner (Kenwick Park) and Sean Towndrow (Southport & Ainsdale). Women, playing at Helsingor Golf Club, Denmark:  Gemma Clews (Delamere Forest), Hayley Davis (Ferndown), Alice Hewson (Berkhamsted), Bronte Law (Bramhall), Meghan MacLaren (Wellingborough) and Charlotte Thomas of Singapore. Boys,  playing at Pickala in Finland: Bradley Moore (Kedleston Park), Marco Penge (Golf at Goodwood), Harry Hall (West Cornwall), Will Enefer (Wrekin), Jamie Li (Bath) and Matty Lamb (Hexham). Girls, playing at Kaskada Golf Club in the Czech Republic: Emma Allen (Meon Valley), Annabel Bailey (Kirby Muxloe), Sammy Fuller (Roehampton), Sophie Lamb (Clitheroe), Hollie Muse (West Lancashire) and Lizzie Prior (Burhill). Click here for full scores 9 Jul 2015 Two England teams reach European semi-finals last_img read more

Diabetes Prevention Program Offered by Providence

first_imgFacebook9Tweet0Pin0Submitted by Providence Health and ServicesAre you at risk for developing Type 2 Diabetes?  Ready to take preventative action? Help is on its way!Providence Medical Group – Boldt Diabetes is now accepting applications for a Diabetes Prevention Program (DPP) which will be offered in Lacey on Tuesdays beginning in June.DPP is a CDC recognized, proven lifestyle change, year-long program that helps participants lose weight and cut their risk of diabetes in half.  Group classes meet weekly for the first 4 months, then twice monthly, then monthly, with a maintenance group meeting ongoing. View the PreventT2 flyer for more information.Applications are now being accepted for patients that meet the following criteria:1.       At least 18 years old and2.       Be overweight (body mass index ≥24; ≥22 if Asian) and3.       Have no previous diagnosis of type 1 or type 2 diabetes and4.       Have a recent blood test (within the past year) result in the pre-diabetes range (qualifying labs below) OR been previously diagnosed with gestational diabetesQualifying labs: Hemoglobin A1C: 5.7%–6.4% or Fasting plasma glucose: 100–125 mg/dL or Two-hour plasma glucose (after a 75 gm glucose load): 140–199 mg/dL.Some insurance companies are covering some or all of cost of this program.  Participants also welcome to pay out of pocket or from a health savings account. Cost of this program will be $17.00 per 60min class (=$442.00/1 year program).For more information, or to be scheduled for a screening contact:Rachel Akins MPH RD, CDEDiabetes Education Program CoordinatorSouthwest Washington PMG Boldt Diabetes and Nutrition Clinic- Oly/[email protected]last_img read more


first_imgPURCHASED AT LOS ALAMITOS FOR $1,152, ONE WINNING PICK SIX TICKET PAYS $41,361.60 ARCADIA, Calif. (March 12, 2015)–Ridden for the first time by Victor Espinoza, French-bred Talco rallied late to overhaul favored Boozer and take Thursday’s $60,000 allowance feature at Santa Anita by 1 ¼ lengths while covering one mile on turf in 1:34.50. Trained by John Sadler, Talco shortened up off of a close second place allowance finish going 1 1/8 miles on Feb. 5 and notched his first stateside win from six tries dating back to Aug. 31 at Del Mar.The second choice at 2-1 in a field of eight older horses, Talco paid $6.00, $2.80 and $2.40.“Yeah, I’d love to put him back into some graded stakes, he’s a pretty nice horse,” said Sadler. “He’s been so unlucky. In the (Grade II) Mathis Brothers Mile (fifth, beaten 1 ¾ lengths on Dec. 26) he had a tough trip and he hasn’t really had one good turf trip since he’s been here. I guess he had a good trip with no excuses against California Chrome (when third, beaten three lengths in the Grade I, 1 1/8 miles Hollywood Derby on Nov. 29), but other than that, he runs really well.”Owned by Hronis Racing, LLC, Talco improved his overall record to 12-3-3-3, and with the winner’s take of $36,000, he increased his earnings to $182,823.“John told me wherever he breaks, just give him a nice clean ride and don’t get stopped,” said Espinoza. “He missed the break a little bit so I sat back, I took my time and when it was time to go, that was it. He’s got a good turn of foot.”Ridden by Gary Stevens, 8-5 favorite Boozer sat second to Pound Piece around the Club House turn, but took charge past the half mile pole. Quickly engaged by Jules Journey and Home School around the far turn, Boozer was no match late for the winner, finishing second, 2 ¾ lengths clear of Jules Journey. Trained by Mark Glatt, Boozer paid $2.80 and $2.40.Mid-pack early under Santiago Gonzalez, Jules Journey rallied three-wide turning for home and overtook Home School late to finish third by a half length. Off at 14-1, Jules Journey paid $4.40 to show.There was one winning ticket in Thursday’s Pick Six. Purchased at Los Alamitos for $1,152, it paid $41,361.60.First post time on Friday at Santa Anita is at 1 p.m. Admission gates will open at 11 a.m. –30–last_img read more

Bulldogs sweep first day of Beth Pilger Invitational tourney

first_imgLos Molinos >> The Los Molinos Lady Bulldogs won all three of their matches Thursday at the Beth Pilger Invitational tournament they are hosting. The Bulldogs beat the Williams Yellowjackets 25-19 and 25-11, the Colusa RedHawks 25-17, 21-25 and 15-11 and the Princeton Eagles 27-25 and 25-7.Heather Rodriguez was named player of the match against Williams, Valeria Garnica was named player of the match against Colusa and Liset Castillo was named player of the match against Princeton.Rodriguez …last_img

With no new govt. in sight, Maharashtra Assembly to be in ‘suspended animation’

first_img Also, the Governor cannot summon the new Assembly without the cabinet’s recommendation, and at present there is no cabinet in the state, the former bureaucrat added.The BJP won 105 and Shiv Sena 56 seats in the 288- member House, securing a comfortable majority as an alliance.Congress and NCP won 44 and 54 seats, respectively.They have said the ball is in the Governor’s court, with NCP chief Sharad Pawar reiterating on Saturday that the mandate for them was to sit in the opposition.“BJP is not staking claim since it doesn’t have the numbers to get its Speaker elected in the first session, which will have to be called for administering oath to the newly- elected members. The new government will also have to face a trust vote,” state Congress chief Balasaheb Thorat said.Also Read Don’t link RSS chief to government formation in Maharashtra, says Nitin Gadkari Don’t want to break alliance, but BJP should keep its word: Uddhav Thackeray BJP denies horse-trading allegations in Maharashtra BJP delegation meets Maharashtra Governor for his opinion on stalemate  Mr. Koshyari had met the AG earlier this week too.The State is witnessing a deadlock as the BJP and Sena, who together won enough seats in the October 21 state elections to come to power, are locked in a bitter tussle over the chief minister’s post.Shiv Sena chief Uddhav Thackeray, who met the media on Saturday to give his reaction on the Ayodhya verdict, sidestepped a question about government formation.“That will happen. Don’t worry. Today is a joyous day” he said, welcoming the SC judgment.BJP leader Devendra Fadnavis resigned as Chief Minister on Friday. Mr. Koshyari accepted the resignation and asked him to continue as caretaker Chief Minister.“Till the governor does not summon the new assembly, the 14th Assembly, which has been constituted, will remain in suspended animation,” Anant Kalse, former principal secretary of the Maharashtra Legislature, told PTI.There is no specified period for which Assembly can be put in suspended animation, he added.Also Read With the political impasse in Maharashtra continuing, the newly-elected 14th Legislative Assembly of the state would remain in “suspended animation” until the Governor summons it, a legislature expert said on Saturday.The term of the 13th Assembly is set to end on Saturday midnight, but no indication has emerged from bickering allies BJP and Shiv Sena that they were ready to form the new government.Sources said that Advocate General Ashutosh Kumbhakoni met Governor Bhagat Singh Koshyari at Raj Bhavan on Saturday.Also Read  As long as the Governor does not summon the first sitting of the new House, it will be “on hold”, said Mr. Kalse.The newly-elected MLAs will, nevertheless, get their salaries and other perks during the period, he added.Mr. Kalse also noted that this is the first time in the state’s history that the single largest party — which is the BJP — has not staked claim to form the next government, nor has the governor invited it to do so.“Fifteen days have passed since the assembly election results. If the single largest party does not stake claim, it is upto the governor to invite it, and if that party refuses then he can explore options of the second-largest or third- largest party,” Mr. Kalse said.“President’s rule is the last option,” he added.Also Read  The three-decade-old alliance between the BJP and its oldest ally Shiv Sena appeared to be on shaky ground on Friday as Fadnavis and Sena chief Uddhav Thackeray had a bitter showdown over sharing the chief minister’s post.Congress leader and former chief minister Prithviraj Chavan told PTI that Sarkaria commission’s report lists the steps the governor is supposed to take in such a situation.“The first priority (for government formation) is given to the largest pre-poll alliance. In this case, it is the BJP and Shiv Sena. But the alliance has (virtually) broken down yesterday,” Chavan said.“Then the single largest party (gets the opportunity) provided it stakes the claim. The BJP has not staked the claim. So now a post-poll alliance can stake claim.“But Shiv Sena, NCP and Congress have to come together and submit a letter to the governor about the numbers they have,” he added.“The governor does not invite any political party or alliance on his own,” Mr. Chavan said.Many state Congress leaders including Chavan had said earlier that most of the party MLAs were not averse to backing a Sena-led government to keep the BJP out.last_img read more

a month agoNewcastle boss Bruce eager to be careful with Carroll comeback

first_imgAbout the authorPaul VegasShare the loveHave your say Newcastle boss Bruce eager to be careful with Carroll comebackby Paul Vegasa month agoSend to a friendShare the loveNewcastle United boss Steve Bruce is eager to be careful with Andy Carroll’s comeback.Carroll rejoined Newcastle in the summer but had to wait to play while he worked his way back to fitness.The striker entered the fray in the 82nd minute as Newcastle drew 0-0 with Brighton at St James’ Park. Bruce told Sky Sports: “We’re just delighted to see him back on the pitch. He’s worked extremely hard. He lifts the crowd. He’s a handful, if he stays fit he’ll be ok.”We’re going to have to manage him in the right way. The big thing is his ankles. Let’s hope now that he’s injury free.”We noticed in training he’s got that bit of presence, the respect because of what he’s achieved. If you’ve got a big Andy Carroll in there, you’ve got to play to his strengths.” last_img read more