Cazorla penalty gives Arsenal late win over Southampton

first_imgSanti Cazorla scored a 94th-minute penalty as sub-par Arsenal beat Southampton on Saturday with Laurent Koscielny’s overhead kick having earlier cancelled out Petr Cech’s own goal.Cazorla held his nerve after Jose Fonte was penalised for tangling with Olivier Giroud in the box as Arsenal took all three points in a match they had appeared destined to draw.Southampton took the lead in the 18th minute when Cech touched Dusan Tadic’s shot onto the crossbar, only for the ball to ricochet down and bounce over the line off the goalkeeper’s head.Arsenal, who handed debuts to new signings Shkodran Mustafi and Lucas Perez, heaped on the pressure and were rewarded in the 29th minute when Koscielny slammed home a fine overhead kick as Southampton failed to clear their lines from a corner.Results from the Premier League’s other games:Stoke 0 – Tottenham 4Bournemouth 1 – West Bromwich Albion 0Burnley 1 – Hull City 1Manchester United 1 – Manchester City 2Middlesbrough 1 – Crystal Palace 2West Ham United 2 Watford 4last_img read more

El Clasico postponed due to civil unrest fears

first_imgBarcelona’s Oct. 26 La Liga match at home to Real Madrid has been postponed over security concerns amid violent political demonstrations in Catalonia, the Spanish FOOTBALL federation (RFEF) said in on Friday.Following huge demonstrations over the jailing of nine Catalan separatist leaders, the league’s organising body made an official request to the RFEF this week for the game to be rearranged.The federation approved that request on Friday.Regional police said 16 people had been arrested across Catalonia, while health officials said medical aid was provided to 42 people.On a fifth day of protests, hundreds of thousands of people waving pro-independence flags and chanting “Freedom for political prisoners” took part in marches across Catalonia on Friday, set to reach Barcelona, the regional capital, later in the day.The RFEF’s competition committee said it was up to the two clubs to arrange a new date for the game before a deadline of Oct. 21. Failing that, the committee would determine the new date.Barcelona town hall said 400 garbage containers were set ablaze during protests on Wednesday and estimated that the city had suffered damage totaling more than 1 million euros in two days.last_img read more

Bailout props up troubled lender

first_imgCountrywide’s chairman and CEO Angelo R. Mozilo said in a statement Wednesday that the Bank of America investment would help position the company for future growth. He told CNBC on Thursday that Countrywide’s balance sheet needs to be stronger, but added, “There is no more chance for bankruptcy today for Countrywide than there was six months ago, a year ago, two years ago, and when the stock was $45 a share.” The executive also said that he believes the housing slump, marked by increasing delinquencies and foreclosures, will trigger a national recession. “I know I’ve been proven wrong so far,” Mozilo said. “Equity’s disappeared – I mean, equity’s gone.” In a regulatory filing, Countrywide said Bank of America has the right to match any offer for the company if Countrywide receives an offer from any third party. Mozilo, however, dismissed talk that the deal could be a prelude to an eventual sale of Countrywide to the banking giant. Meanwhile, Calabasas-based Countrywide came under fire from angry borrowers at a Washington, D.C., news conference organized by the Neighborhood Assistance Corp. of America, a nonprofit community advocacy group that offers below-rate mortgages and refinancing. The group was planning to meet with officials at the Office of Thrift Supervision later in the day to ask that the agency force Countrywide to restructure its existing loans. Twelve people from around the country who said they were Countrywide customers recalled getting sweet-talked and misled by Countrywide agents only to face jacked-up rates and foreclosure threats after falling behind on payments. One borrower, Cynthia Bryant of Pomona, said Countrywide threatened her with foreclosure. “I read in the paper today where they received billions to bail them out. But what has Countrywide done” to bail out their borrowers? Bryant asked. A call to Countrywide seeking comment was not immediately returned. Countrywide said last week it had borrowed $11.5 billion from several dozen banks so it could keep making home loans. Its bottom line had suffered as defaults increased on subprime mortgages to borrowers with shaky credit histories, and the problems stretched to other credit markets, Countrywide’s shares plunged, hitting a 52-week low of $15 on Aug. 16. As part of the deal, Charlotte, N.C.-based Bank of America acquired $2 billion in the form of nonvoting, convertible preferred stock yielding 7.25 percent annually. The shares can be converted into common shares of Countrywide at $18 a share, with certain restrictions. The deal, however, restricts Bank of America from trading any shares converted from preferred stock for a period of 18months and from acquiring beneficial ownership of more voting shares in the company. If Bank of America were to convert its stock under Countrywide’s current share count, it would hold up to 17 percent of Countrywide shares. That would make Bank of America the company’s largest shareholder. AllianceBernstein LP owns the most Countrywide shares – about 63.7 million, or 11percent of the company, according to documents filed with the Securities and Exchange Commission.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! COUNTRYWIDE: Bank of America’s $2 billion comes as the mortgage giant faces a downturn. By Alex Veiga THE ASSOCIATED PRESS The infusion of $2 billion from Bank of America Corp. should help shore up sagging Countrywide Financial Corp. as it tries to outlast the credit crunch squeezing Wall Street and the mortgage industry, analysts said Thursday. The deal, disclosed late Wednesday, gives the nation’s largest mortgage lender breathing room as it tries to navigate the U.S. housing downturn. “We believe this investment in Countrywide will spark a rally in the residential mortgage finance sector,” Stephen Laws, a Deutsche Bank analyst wrote in a research note. Still, analyst Paul Miller Jr. with Friedman, Billings, Ramsey noted that “Countrywide is not completely out of the woods.” Despite the boost in capital, Countrywide is likely to have a tough time staying profitable given the overall bleak housing forecast, as home values fall and adjustable mortgages reset and raise the specter of more defaults, said Chris Brendler, an analyst with Stifel Nicolaus & Co. Inc. The deal helped boost shares of Countrywide, which climbed as high as $24.46 on Thursday. The stock gained 20 cents to close at $22.02. Bank of America shares rose 18 cents to $51.83. last_img read more


first_imgBUSINESS: Donegal entrepreneurs, JP and Mark McCloskey, who are well-known brothers from Letterkenny, opened the doors of their second men’s fashion store this week on Foyle Street in Derry, bringing a new and exciting facelift to men’s fashion in Derry.JP and Mark have seen their dreams realised with the opening of their flagship store in 2008, located in Letterkenny’s busy retail park. Both stores house top brands such as Farah Vintage, Fred Perry, Toms, Lyle & Scott, Selected, Jack & Jones, Lloyd & Pryce footwear, Goodwin Smith, Vans and many more.With seven years under their belt in Letterkenny working with customers to ensure they are getting the best in service, fashion, quality and price, the time was right for a new challenge to expand.JP told Donegal Daily, “It was an opportunity which presented itself once again for us, and after weighing up the pro’s and con’s, we decided to go for it.“We are very fortunate to have strong customer base from Northern Ireland and we hope we can build on these relationships with the opening of our new Derry store.” Delivering the absolute best in customer service is really important to JP & Mark and knowing that their team in Letterkenny and Derry can deliver this is what sets Evolve apart from competitors.Mark McCloskey added, “Derry is a great city, we have always enjoyed coming here, there is just something about it that’s special and we are looking forward to getting to know more of our customers from Derry and all around Northern Ireland.”“You can be assured of top quality service with that all important personal touch when you shop at Evolve Menswear.Evolve Menswear Derry is open SIX days a week with opening hours Monday, Tuesday, Wednesday 9am-6pm; Thursday and Friday 9am-7pm; Saturday 9am-6pm.BUSINESS: EVOLVE MENSWEAR LAUNCH NEW STORE IN DERRY was last modified: October 16th, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:BusinessFeaturesnewslast_img read more

Amazing signings, trophy in the bag and manager shocker: Man United in 2016

first_imgManchester United may have played some boring football this year, but that’s not to say the last 12 months weren’t without entertainment.In fact, fans have seen their club win the FA Cup, sign Galacticos, find a new local hero and much more.And these moments have all been caught on camera, to look back on and enjoy for years and years to come – or right now.Scroll through the gallery above to see the best pictures from Manchester United’s 2016… Louis van Gaal shows his funny side by throwing himself to the ground during Manchester United’s 3-2 win over Arsenal, reacting to the theatrics of Alexis Sanchez 5 5 That same 3-2 win over Arsenal also saw Marcus Rashford make his mark on the Premier League. Having scored twice against FC Midtjylland a few days earlier, the wonderkid set the world alight by downing the Gunners in his first league appearance 5 Manchester United become the new Galacticos, with the summer arrivals of Zlatan Ibrahimovic and Paul Pogba. A sight every Red Devils supporter is still struggling to believe as true Academy graduate Jesse Lingard wins Manchester United the FA Cup with an incredible volley against Crystal Palace – click the arrow above, right, to see the best pictures of the Red Devils’ 2016 5 5 Does this picture really need explaining? Just look at it and enjoy the best Manchester United moment of 2016last_img read more

Government still leans toward secrecy

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhy these photogenic dumplings are popping up in Los AngelesThe government stamped 14.2 million pages “top secret,” “secret” or “confidential” at a cost of $7.7 billion, compared with a record 15.6 million in 2004. “Every administration wants to control information about its policies and practices, but the current administration has restricted access to information about our government and its policies at unprecedented levels,” said Patrice McDermott, director of WASHINGTON – Federal officials unsealed more classified documents in 2005 but shrouded data elsewhere by claiming more legal privileges in court, a coalition of watchdog groups reported Saturday. The study by shows modest improvement from record 2004 levels in which Americans were kept in the dark about information they should be able to access. Overall government secrecy remained high, it said. Federal agencies spent $134 creating and storing new secrets for each $1 spent to declassify old secrets. That’s down from the record $148 in 2004, but up from the $17-to-$1 ratio spent in 2000. Overall, the number of pages declassified in 2005 was 29.5 million, up 1.1 million from the previous year, to post the first increase in five years. Still, the figure was significantly lower than the 75 million unsealed in 2000, the year before the Sept. 11 terror attacks. 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

Juventus duo set for new deals to end Chelsea transfer speculation

first_imgChelsea are set to receive a double transfer blow with Juventus defensive duo Alex Sandro and Giorgio Chiellini on the verge of signing new contracts.The Blues were heavily linked with both stars during the summer as they attempted to reinforce their backline.Sandro, the flying full-back, was pursued throughout the summer by Chelsea but Juve managed to keep hold of him.Meanwhile Antonio Conte is also a big fan of his compatriot Chiellini, the centre-back he managed for both Juve and Italy, who is inside the final year of his current deal.But according to the Corriere dello Sport, both of them are now close to committing their futures to the Turin club.As talkSPORT told you earlier this month, Juve have been negotiating a two-year extension for Sandro and the terms now seem to be agreed.While Chiellini, who is out contract in the summer when he would be able to leave on a free, looks set to pen a contract until 2020, which would take him up to the age of 36. Alex Sandro and Giorgio Chiellini are on the verge of signing new contracts 1last_img read more

Hearts secure European spot after 0-0 draw against Inverness CT

first_imgCaley Thistle named an unchanged side from the one that beat Dundee United 2-0 on Saturday.Hearts, meanwhile, made three changes from the team that lost 2-1 to Aberdeen four days ago. Prince Buaben, Sam Nicholson and Igor Rossi came out for Dario Zanatta, Miguel Pallardo and Juwon Oshaniwa.Neither side had much to play for in the Highlands, with Inverness effectively clear of relegation trouble and Hearts facing an uphill struggle to catch second-placed Aberdeen.A turgid opening spell of the game reflected the lack of meaning to the game, with the only real talking point being Ross Draper’s heavy challenge that left Pallardo limping. Referee Don Robertson was probably the busiest man of the first half, carding three players in a five-minute spell. Jamie Walker was booked for diving after claiming Carl Tremarco brought him down, while shortly after both Iain Vigurs and Arnaud Djoum saw yellow for clashing in the middle of the park.The first chance of a tepid opening period came from an unlikely source, as Josh Meekings was granted the freedom of the Caledonian Stadium to stride forward. He took aim from 30 yards and it looked like it was fizzing towards goal, until Neil Alexander got a fingertip on it.Callum Paterson responded with an effort of his own just before the break that Owain Fon Williams parried but the sides went in at the break level.Hearts started the second half with more intensity and Zanatta came inches away from getting a touch on Juanma’s cross, which rolled across the face of Fon Williams’ goal.But it did not last through the remainder of the game as neither side looked capable of scoring.Substitute Abiola Dauda blasted one into the stands with 20 minutes to go and after being teed up well by Djoum, saw a one-on-one chance blocked by Fon Williams, but neither side was capable of producing enough quality to claim the three points. Hearts and Inverness played out a dire goalless draw that was enough to book the Jambos’ place in next season’s Europa League.The point put Robbie Neilson’s side 16 clear of fourth-placed Motherwell, crowning an impressive first season back in the top flight.Of the brief chances either side had, Hearts had the better of them but neither side displayed any real urgency, or forced too many saves.For Inverness, the draw brings them a point closer to Dundee and Partick Thistle above them but is not enough to shift them out of ninth place.last_img read more

Canning sympathises with rookie referee after dramatic end

first_imgCanning said: “I don’t think it was his (the referee’s) best game, and I don’t like to criticise referees. “It is a difficult job and they get one time to see things and it is a hard, hard job they have to go and do. They will have bad days, just like managers will make decisions where we can be right and we can be wrong. “You can see with that confrontation at the end how much this match meant to both teams. They both understood the importance of the game.“It looks like handbags and it’s one of these things in football when two players square up it seems to be everybody else from both teams wants to get involved and protect their own player. Hamilton Accies manager Martin Canning felt sympathy for rookie referee Gavin Duncan after ugly scenes marred the thrilling 3-2 home win over Ross County. A dramatic final six minutes at New Douglas Park saw three goals and two red cards, and referee Duncan – in his first Scottish Premiership match – was joined by the linesmen and stewards on the pitch as they looked to pull players apart. Players from both teams charged over after a tussle between County’s Kenny van der Weg and Accies’ Ioannis Skondras with several trading blows. Skondras was shown a straight red card minutes after County’s Michael Gardyne walked for a second bookable offence. “And that is part of the game. It should not be part of the game, but it is. “Throughout the course of the game the guy (Van der Weg) was giving him (Skondras) a bit of stick and they were giving it back and forward. “Obviously at the end of the game they came together and I think Van der Weg comes from nowhere… and just pushes Skondras out the road and he has taken exception to it. “Then everyone gets involved in it, and it just becomes a mess. “I think he (Van der Weg) was lucky to stay on the pitch. I don’t know why he gets involved. “Ioannis and the other player were just going to part ways… and Ioannis was the one who got sent off. He comes across as a competitive and combative wee guy, but he is actually a lovely wee guy when you get to know him.”last_img read more