Bondholders Nod Brings DSME Closer to Fresh Funds

first_imgzoom South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) will soon receive a cash injection from its creditors as the company’s remaining investors approved the latest debt rescheduling proposal, Yonhap News Agency said.Namely, the investors, which hold some KRW 1.3 trillion worth of DSME bonds, gave their approval for the proposal devised by the shipbuilder’s main creditors Korea Development Bank (KDB) and Export-Import Bank of Korea (KEXIM).The approval was granted after the main debt holder of DSME with some 30 percent of its corporate bonds, South Korea’s National Pension Service (NPS), gave its nod to the ailing shipbuilder’s latest debt restructuring plan on April 17.The new measures, which are expected to keep the financially troubled shipbuilder afloat, would see half of the shipyard’s commercial papers converted into equity with the rest being rolled over. KDB and KEXIM will in exchange provide the company with KRW 2.9 trillion of fresh funds.Revealed in late March 2017, the creditors’ restructuring plan sets out three key principles – debt restructuring should come first, financial assistance should follow later, and all stakeholders should bear the burden of losses.World Maritime News Stafflast_img read more

Firefighters contain pair of nearby brush fires in Spring Valley

first_imgFirefighters contain pair of nearby brush fires in Spring Valley KUSI Newsroom, June 9, 2018 KUSI Newsroom SAN DIEGO (KUSI) — Firefighters were able to quickly contain two small brush fires east of state Route 125 in the Spring Valley area Saturday afternoon.Both fires were reported after 3 p.m. — one was reported as covering a half-acre in open space near Leigh Avenue, the other covering about four acres in a similar open area near Elkelton Place just a half-mile north,according to San Miguel Fire Protection District Battalion Chief Justin Fuller.The two fires were contained by 3:45 p.m., Fuller said.No structures were threatened and no injuries were reported.It wasn’t clear what caused the fires. Posted: June 9, 2018 Categories: Local San Diego News FacebookTwitterlast_img read more

Sports Illustrated Swimsuit Partners with Gilt to Benefit The Nature Conservancy

first_img“We have 26 million female readers, with a 70/30 [male/female] percent readership. Like SI, Gilt has a vast audience of both men and women,” says Day.“We thought it would be a perfect alignment between our two brands. Women read our magazine for the fashion, accessories and vacation ideas. Men read it for the more obvious reasons.” Gilt, which currently has over 4 million members, recently partnered with Women’s Health for an ecommerce promotion. Gilt’s other magazine partners include Self, Vogue and GQ. The sale has both philanthropic and marketing advantages: Sports Illustrated will not make immediate money from purchased goods, but its Swimsuit issue will gain exposure through in-sale messaging on the Gilt site. The sale, which will be advertised in-book in a special section, kicks off on February 14; the same day the Swimsuit edition hits newsstands. Quiksilver will provide a set of two surfboards for sale, and SI staff collated a list of over 100 designers whose bathing suits are seen in the Swimsuit issue. MJ Day, senior editor with Sports Illustrated, says 10 designers were then asked to donate their products to the sale. 10 prints from the Swimsuit shoot will be available for purchase as well, in addition to tickets for SI Swimsuit launch parties in New York City and Las Vegas. Bidding for New York tickets will begin at $1,000.center_img The debut of the 2012 Sports Illustrated Swimsuit issue will coincide with a Gilt sale, touting SI-curated bathing suits, surfboards, photographs and event tickets to consumers. In a twist on the new rev stream model many publishers aim for in the ecommerce game, all sale proceeds will be donated to The Nature Conservancy to preserve the beaches SI features in its pages.last_img read more

BMW 1 Series recalled for faulty wiring fire risk

first_img Luxury cars Coupes BMW Smell smoke? Best to get the car to a dealer. BMW Thousands of BMW 1 Series owners will find a recall letter in their mailboxes in the near future. The German luxury car maker will recall 41,981 1 Series models for bad wiring that may cause a fire.Per the documents filed with NHTSA, the affected 1 Series cars come from the 2008-2012 model years. Breaking the numbers down, 22,188 recalled cars are 128i and 135i coupes, while the 19,793 other models are 128i and 135i convertibles. BMW estimates 1% of the recalled cars house the faulty wiring but owners will need to bring their cars to a BMW dealership to make sure there isn’t a fire risk.The issue is a blower-regulator wiring harness that may have connectors at the end of the harness covered in tin rather than silver. If the car features tin connectors, corrosion may occur at the blower-regulator connection. The blower-regulator system is responsible for controlling fan speed in the 1 Series’ heating and air conditioning system.If the wiring corrodes, high electrical currents could increase the temperature and cause damage to additional wiring, lead to short circuits and potentially cause enough heat to melt the plastic blower-regulator surround and start a fire. Owners may notice a plastic and burning smell inside the car if overheating occurs. Additionally, the heat or air conditioning may stop working.For vehicles that do feature the bad connectors, BMW will install a new component free of charge. If the problem has affected or damaged any other system, those will be taken care of along with the recall campaign at no additional charge as well. For owners who made repairs outside of the warranty, BMW’s reimbursement program may cover previous out-of-pocket costs. Look for those recalls to start arriving on Sept. 27. Recalls BMW Share your voice BMW’s iDrive tech is better than ever in the 2019 X5 2020 Mercedes-AMG GT R Pro first drive: Extreme yet surprisingly approachable 2019 Jaguar XE SV Project 8 review: The lovable lunatic 2019 Mazda CX-5 Diesel review: Was it really worth the wait? Now playing: Watch this: BMW 1 Series lets you use your phone as a key 0 Post a comment Tags More From Roadshow 5:13 37 Photoslast_img read more

Three arrested for lynching woman

first_imgTaslima BegumPolice on Sunday night arrested three people from the capital’s Uttar Badda in connection with the lynching of a woman on Saturday following a child-lifting rumour.The arrestees are Md Bacchu Mia, 28, MD Bappi, 21 and MD Shaheen, 31.Al Imran, duty officer of Badda police station, said police arrested the three from the area after reviewing a video clip of the incident.On Saturday, Taslima Begum went to Uttar Badda Govt Primary School to collect information about her daughter’s admission there.She was taken to the head teacher of the school for interrogation while a rumour spread outside about a child lifter had been held. Later she was dragged out of the school by a mob and then beaten mercilessly.On information, police rescued critically injured Taslima and took her to Dhaka Medical College Hospital where the physicians declared her dead.Taslima was from Raipur upazila in Lakshmipur and was living with her daughter and mother in the capital. She was separated from her husband two years back. Taslima’s son, 11, has been living with his father in Badda.last_img read more

Political Roundup New Bills Becoming Law And Joint Primary Voting

first_img Share X 00:00 /09:22 To embed this piece of audio in your site, please use this code: In our weekly political roundup, local experts discuss new bills becoming law after the Texas Legislature, Harris County considering joint primary voting by the 2020 election, Jon Stewart’s testimony about the Sept. 11 Victim Compensation Fund, and other stories.In the audio above, host Craig Cohen gets insights on those and other stories from Renée Cross of the University of Houston and Mark Jones from Rice University. Listenlast_img read more

El Paso Turns Out In Extreme Temperatures To Protest Trumps Visit

first_img Share Mallory Falk/KERATwo protesters hold signs criticizing President Donald Trump’s visit to El Paso on Aug. 7, 2019, to meet with first responders and survivors of the mass shooting that occurred on Aug. 3, 2019.President Donald Trump and First Lady Melania Trump visited El Paso Wednesday afternoon to meet with first responders and survivors of Saturday’s mass shooting.Those who greeted the president include Gov. Greg Abbott, Sen. John Cornyn, Sen. Ted Cruz, El Paso Mayor Dee Margo and others.Residents, however, turned out in force to protest the visit.It was hot and humid at El Paso’s Washington Park, but hundreds of protesters were there holding signs that declared: “Not Welcome,” “Brown and Proud,” and “Fuera Trump,” which translates to “Trump Get Out.”Callie Weston brandished a large sign that read “Ban Assault Weapons Now.”The evening of the shooting, which killed 22 people, she said she visited asylum seekers at a local detention center.“And I said them, ‘You realize, you were safe. You were one of the few people in El Paso, because you were locked up in a detention center, you were safe,’” said Weston.Also in Washington Park was Karen Powers, who staffed a table registering people to vote. She said Trump was not welcome in her city.“It’s like inviting the murderer to the funeral to me,” she said. “I think it’s that gross.”Many of the demonstrators carried signs blaming Trump directly for inspiring the alleged shooter through his anti-immigrant rhetoric.Richie Huerta was one of the demonstrators and said he thinks assault weapons should not be available to civilians.“We’re not fighting a war here. Now it seems that’s what it looks like,” he said. “I know people need a handgun or whatever to have for their own protection and everything, but you don’t need those kind of rifles here in the United States. Leave that to the Army.”Less than a mile away, Trump was at the University Medical Center meeting with their staff and other first responders — as well as survivors of the shooting.There were smaller crowds of protesters near side streets of the hospital.Back at the Walmart where the shooting took place, El Pasoans continued to gather near a memorial outside the store. According to reports from the El Paso Police department, some protest groups began “clashing against each other.”Before coming to El Paso, Trump also visited Dayton, Ohio where a mass shooting took place early Sunday morning killing 10 people including the shooter.last_img read more

Black DC Org Honors Public Relations Guru Ofield Dukes

first_imgOn Oct. 21, the Washington, D.C. chapter of the Black Public Relations society is holding its inaugural Ofield Dukes Excellence in Public Relations Awards ceremony to celebrate the life and legacy of Dukes as well as honor the achievements of Washington D.C.-area practitioners, thought leaders, and academics in public relations and communications. The event is scheduled to take place at the JW Marriott in Northwest D.C.The Ofield Dukes, a public relations maverick, was known for helping D.C. locals prosper within the industry. (Courtesy Photo)“My father taught me that we are Black first and foremost. As Black people, he understood that it is our obligation to pursue excellence in every endeavor,” Roxi Victorian, the PR guru’s daughter, told the AFRO in an email. “Because, it is only with excellence that we can extend opportunities to other African-Americans, he embodied that ethos and was quick to offer anyone pursuing excellence an opportunity.”Dukes, born in Rutledge, Ala. in 1932, earned a degree in journalism from Wayne State University in Detroit in 1958 after serving for two years in the United States Army.Dukes also served in multiple presidential administrations, including serving in President Lyndon B. Johnson’s administration as deputy director of the President’s Committee on Equal Employment Opportunity & Plans for Progress in 1964. In 1965, he became the deputy director of public affairs for the White House Conference to Fulfill These Rights, where he stayed until 1969 when he established a public relations firm, Ofield Dukes & Associates, in D.C.Dukes also led the community with his knowledge of public relations through two adjunct professor positions since 1972 at Howard University and American University. He died from complications of bone cancer in 2011 at the age of 79.Throughout his lifetime, Dukes helped in the inaugural celebration of home rule in 1975. He also helped in establishing Dr. Martin Luther King’s birthday as a national holiday.“Ofield was not only my mentor but also my sponsor helping me secure my first job after graduation at a boutique agency that focused on supporting Washington D.C.-based businesses and city-government relations especially Franklin Square and Georgetown,” Rochelle Ford, co-editor of {Ofield: The Autobiography of Public Relations Man Ofield Dukes}, released on August 31, 2017, told the AFRO. The other editor of the autobiography is the Rev. Dr. Unnia L. Pettus, a local entrepreneur. Both women attended Howard University.last_img read more

Man arrested for derogatory remarks against Mamata Banerjee

first_imgAmbassa (Tripura): A man was arrested in Tripura’s Dhalai district for allegedly making derogatory remarks against West Bengal Chief Minister Mamata Banerjee in social media, a police officer said Tuesday. A West Bengal Police team arrested Tushar Sharma of Kulai area in Dhalai district on October 6 for the alleged derogatory remarks against Banerjee, Sub-Divisional Police Officer (SDPO), Ambassa, Asish Das Gupta said Sharma was produced before the court of the Chief Judicial Magistrate (CJM) of Ambassa. Also Read – Rain batters Kolkata, cripples normal life The West Bengal Police sought his transit remand. However, the CJM rejected the request of the West Bengal Police as the arrested person was sick and ordered for his admission in a hospital. The CJM ordered that the accused be produced before it on Wednesday. A West Bengal Police team camping in Tripura said it will again appeal for the transit remand of Sharma in the court on Wednesday.last_img read more