Felix Rohatyn, who was one of America’s best-known investment bankers for decades and helped pull New York City back from the brink of financial ruin in the 1970s, died Saturday at his home in Manhattan. Mr. Rohatyn, a longtime managing director at Lazard Frères & Co., was 91. His son Nicolas Rohatyn said he died of old age. The Austrian-born...
Source:Wall Street Journal
December 15, 2019 00:11 UTC
Navy coach Ken Niumatalolo wrapped Malcolm Perry tighter than an Army defense could muster for an embrace that served as a bit of an apology. Perry had done it all for Navy in a 31-7 victory Saturday that earned him MVP honors in the 120th game between the service academies. He ran for a 55-yard touchdown in the first half, added a 44-yard scamper, and set Navy season records in yards rushing and total 100-yard games. The takeawayArmy: The Black Knights rushed for only 122 yards after averaging 311.7 yards this season, good enough for second nationally. Perry also became Navy’s single-season record holder in total offense and with nine straight 100-yard rushing games.
Source:Los Angeles Times
December 15, 2019 00:00 UTC
The Fountain Valley High wrestling program has a solid mixture of both in its wrestling room right now. The Barons have a trio of returners who qualified for the CIF State wrestling championships last season, and they are still going to be around for a while. It’s awesome to see.”At the Cossarek Classic at Westminster High, Solis opened the season by earning the honor of lower weight MVP after winning the 113-pound title. He went 4-2 in his first appearance at the state tournament, which included a 1-0 loss by decision to No. Week in review: Solis won the 113-pound title in the Cossarek Classic at Westminster High on Dec. 7.
Source:Los Angeles Times
December 14, 2019 23:48 UTC
(CNN) Holiday shopping took a violent turn Saturday when shots were fired at Cumberland Mall in Atlanta following a dispute in the food court, police said. Police responded to the incident at 1:18 p.m., according to a statement from the Cobb County Police Department. A suspect was identified but fled the scene, and police told CNN they are working to locate him. Adrian Matthews was in Bath and Body Works when the shots were fired. He told CNN affiliate WSB that it was "just pure pandemonium" inside.
Source:CNN
December 14, 2019 23:48 UTC
Mr. Hatcher repeatedly predicted that the city was about to turn the corner. He and his supporters argued that racism was a major force in Gary’s continuing slide. Urban affairs experts have pointed to the volatile economic history of the steel industry and its automation of recent decades. When Mr. Hatcher left office, there were fewer than 10,000 people working at the mill, less than half the number when he was elected 20 years earlier. But the criticisms won out in the fifth when another black Democrat, Thomas V. Barnes, soundly beat him in the 1987 Democratic primary — and again when Mr. Hatcher tried to oust Mr. Barnes four years later.
Source:New York Times
December 14, 2019 23:48 UTC
ADBy all accounts, Mr. Rohatyn was temperamentally suited to negotiations at the highest levels of business and finance. ADGeneen designated Mr. Rohatyn as his point man and sent him to Washington to meet privately with Richard Kleindienst, the incoming attorney general. As their car got to the barrier, Mr. Rohatyn recalled, the German soldier in charge paused to light a cigarette and waved them through. “I had no idea what an investment bank did,” Mr. Rohatyn wrote in his autobiography. On Wall Street, Mr. Rohatyn was viewed as a shrewd master in a profession involving large measures of greed and hubris.
Source:Washington Post
December 14, 2019 23:44 UTC
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Source:Wall Street Journal
December 14, 2019 23:37 UTC
Felix Rohatyn, a pioneer of Wall Street’s lucrative corporate-acquisition business who steered New York City from bankruptcy in the 1970s and remained an unelected guardian of its finances for almost two decades, has died. The threat of bankruptcy receded in 1978 when the federal government approved $1.65 billion in loan guarantees for New York. AdvertisementAfter yet more stops -- in Algeria, Morocco, Portugal, Brazil -- the family reached New York City in June 1942. Carey’s call to help save New York City came in 1975. Long seen as a candidate to lead Lazard, Rohatyn declined the chance in the late 1970s.
Source:Los Angeles Times
December 14, 2019 23:37 UTC
At a news briefing in China, Chinese officials confirmed that the text of the agreement covers topics including intellectual property rights, technology transfers, food and agricultural products, and dispute settlement. It's important to keep in mind that the U.S.-China trade war isn't about the trade alone. To offset the pork shortage, China has lifted a five-year ban on imports of U.S. poultry meat, even without a trade deal. However, we should be asking ourselves why the U.S. would want to agree to a limited Phase One trade deal. There is not much strategic advantage for the U.S. to agree to a limited trade deal now, because it will leave many deliberate goals unfulfilled.
Source:Fox News
December 14, 2019 23:37 UTC
There are of course still some questions to be answered, as no details have been reported regarding the phase one trade deal. The daily chart shows that the S&P 500 A/D line overcame its downtrend (line 1) on October 10. This may cause some to take profits on new trade deal news. There are also likely many professionals who have become immune to trade news, and are unlikely to establish new positions until a trade deal is fully negotiated and signed. However, with only 68% of the S&P 500 stocks above their 50-day EMA's, there are still many opportunities in individual stocks.
Source:Forbes
December 14, 2019 23:37 UTC
Welcome to SantaCon NYC, where thousands of Saint Nicks hit the streets of the Big Apple, donating to charitable causes while dressing up as Santa and visiting bars around the city. SantaCon revelers enjoy a drink at Celtic Pub in New York on December 14, 2019. SantaCon 2019 began at 10 a.m. on Saturday at Father Duffy Square, a section of Times Square, before the city's jolly good fellows spread joy across town. While most attendees dress up as Santa, many dressed as elves, reindeers, and other holiday-themed costumes. Arrived in NYC just in time for SantaCon 😊 pic.twitter.com/7XAxeUmmqa — Curt Smith (@curtsmith) December 14, 2019The event is described by SantaCon as a "charitable, non-political, nonsensical Santa Claus convention that happens once a year to spread absurdist joy."
Source:CNN
December 14, 2019 23:37 UTC
Beverly Hills police are investigating vandalism of Nessah Synagogue on Saturday morning after an employee arrived at the place of worship at 7 a.m. to discover an open door, overturned furniture and damage to several relics. A place of worship for the Persian Jewish community in Southern California, the Nessah Synagogue occupies a respected place in Los Angeles’ Iranian community. “It is not just an attack on the Jewish Community of Beverly Hills; it’s an attack on all of us. “Reports of vandalism and damage to a synagogue are deeply troubling and cause further sense of discomfort amid the presumption of anti-Semitic intent.”AdvertisementMoshe Isaacian has been a member of the Nessah Synagogue for 16 years. “Shocked and outraged by the vandalism at Nessah Synagogue in the city of Beverly Hills,” he said.
Source:Los Angeles Times
December 14, 2019 23:37 UTC
An Asian American advocacy group is telling NBC to cut ties with former late-night host Jay Leno after he made an insensitive joke about Koreans eating dog meat. The dog jokes have been a longstanding issue between the group -- Media Action Network for Asian Americans (MANAA) -- and NBC, according to The Hollywood Reporter. "Many Americans are unable to distinguish between persons of Korean heritage living in North Korea, South Korea or the U.S., or between Asians and Asian Americans generally," he said. "We are not accepted as real Americans; rather, we are subjected to ridicule, disdain and abuse, which has resulted in a rise in racial profiling and hate crimes against Asians, Asian Americans and immigrants." JAY LENO ON LATE-NIGHT TV: 'I DON'T MISS IT'A representative for Leno did not immediately respond to Fox News' request for comment.
Source:Fox News
December 14, 2019 23:26 UTC
In the main event, the controversial Colby Covington (15-1) challenges champion Kamaru Usman (15-1) for the UFC welterweight title. Aldo lands an uppercut. Petr Yan vs. Urijah FaberThe pay-per-view portion of UFC 245 begins with the popular “California Kid” Urijah Faber. They clinch and this time Yan punches Faber on the break. Yan lands a hook as they are moving out of a clinch again.
Source:Los Angeles Times
December 14, 2019 23:23 UTC
(CNN) James Harden made NBA history this week becoming the first player to record back-to-back 50-point games with more than 10 3-pointers made in each game. The Houston Rockets guard scored 55 points in the team's 116-110 win against the Cleveland Cavaliers and 54 points in their 130-107 win against the Orlando Magic, according to the Rockets websiteWhen asked by reporters Friday how he felt about the accomplishment, Harden said : "I just want to win man, whatever it takes." It's not the first time Harden scored 50-plus points, though. He's done it five times so far this season and three times in December alone.
Source:CNN
December 14, 2019 23:22 UTC