India may let foreign investors buy up to 20% in LIC IPO- source
At present, even though foreign institutional investors are allowed to hold up to 74% of private insurance companies and up to 20% of state-owned banks, they are not permitted to own shares in LIC. Enabling this would allow foreign pension funds, insurance companies and mutual funds to participate in the IPO of India’s largest life insurer. For instance, food delivery startup Zomato paid $31 million in fees for listing earlier this year, according to Dealogic. The low fee, however, has not been a deterrent, with nearly all the major banks barring Morgan Stanley queuing up. It is the biggest IPO in recent times and will be probably the biggest, say for another 5 years,” said a merchant banker.
Source:MetroXpress
September 08, 2021 08:55 UTC
Mandates. $100 bonuses. MetroWest & Milford area employers develop COVID vaccine policies.
Clarification: This story has been edited to clarify that TJX’s vaccination requirement includes the U.S. Home and Regional Office Associates. Bright Horizons teachers and employees will get $100 if they get a COVID-19 vaccine. COVID vaccine mandates:Half of employers could have vaccine mandates in the workplace by end of 2021, study findsAnother local company with a vaccine mandate is Milford-based Waters Corp., a provider of laboratory instruments and software. Can companies require vaccines? Companies can legally require vaccination of employees, said attorney Bob Young, a partner at Bowditch & Dewey LLP, which has an office in Framingham.
Source:MetroXpress
September 08, 2021 08:48 UTC
Oil settles up 1% on low U.S. output after hurricane
NEW YORK (Reuters) -Oil prices jumped on Wednesday and settled up more than 1% as U.S. Gulf of Mexico producers made slow progress in restoring output after Hurricane Ida. Brent settled up 91 cents, or 1.3%, at $72.60 and U.S. West Texas Intermediate (WTI) crude settled up 95 cents, or 1.4%, to $69.30 a barrel. About 77% of U.S. Gulf production remained offline on Tuesday, or about 1.4 million barrels per day (bpd). About 17.5 million barrels of oil have been lost to the market so far. “It’s possible the loss of refining demand and the amount of crude oil might somewhat cancel itself out,” said Bob Yawger, director of energy futures at Mizuho.
Source:MetroXpress
September 08, 2021 05:13 UTC
A conversation with TLC’s Chilli celebrating ‘CrazySexyCool’
The baby hair icon is one-third of TLC, one of the best-selling girl groups of all time. MT: When it comes to classifying TLC, I would classify you as a pop group versus an R&B group. Do you think the fact that you were three Black women is why most people refer to TLC as an R&B group over a pop group? MT: We have to talk about the baby hair. Since 1992, you've been rocking the swirled edges and are often referred to as a baby hair icon.
Source:MetroXpress
September 07, 2021 20:48 UTC
Trump still wants a so-called 2020 election ‘audit’ in Michigan, per state GOP co-chair
He called Michigan Republican Party Chair Ron Weiser about a so-called audit of Michigan’s 2020 election, according to remarks made by Michigan GOP Co-Chair Meshawn Maddock. Both were in Washington, D.C., for pro-Trump protests before the Jan. 6 insurrection at the U.S. Capitol to overturn the 2020 election results. More than 250 election audits have been conducted in Michigan by Secretary of State Jocelyn Benson and local election clerks. In a statement on Aug. 12, Trump again critiqued Republicans for “standing in the way” of a “forensic audit” in Michigan. “The voters are demanding it because they have no confidence in their elections after the rigged 2020 presidential election scam.” Trump said.
Source:MetroXpress
September 07, 2021 20:37 UTC
Gay Democrat joins Grindr to campaign against California governor recall
Last Tuesday, State Assemblymember Evan Low (D-Campbell) said he joined the popular gay dating app in an effort to urge Grindr users not to recall Newsom, a longtime LGBTQ ally. One user, fromthebridge tweeted: “@Grindr, isn’t this a violation of your terms and services? Others claimed that Low’s desperation would encourage Californians to vote for the recall, allowing Elder to become governor. A recall election against sitting Gov. According to another poll from the Public Policy Institute of California, if Newsom were to lose the recall election, Elder would become governor with 26% of the vote.
Source:MetroXpress
September 07, 2021 20:26 UTC
China bans 'sissy, effeminate' men from appearing on TV
China has issued a ban on “sissy” men appearing in any media in the country as part of a crackdown on “abnormal esthetics.”The country’s National Radio and Television Administration is seeking to limit depictions of “sissy idols” and “effeminate men,” Variety reports. The new edict, sent to China’s broadcasters, is part of the Communist Party of China’s (CCP) efforts to limit celebrity culture and its resulting influence on the country’s younger generations. The broadcast ban used a derogatory term for effeminate men — “niang pao,” which translates to “girlie guns” — and stated that broadcasters should “resolutely put an end to sissy men and other abnormal esthetics.”Homosexuality isn’t illegal in China, but neither is it widely accepted. China’s censors regularly edit or ban LGBTQ content, including cutting depictions of Freddie Mercury’s gay relationships in 2018 biopic Bohemian Rhapsody. Earlier this year, LGBTQ people in China criticized authorities after dozens of LGBTQ accounts were removed from social media platform WeChat.
Source:MetroXpress
September 07, 2021 15:33 UTC
Spread of delta variant puts dent in Massachusetts business confidence
The delta variant has changed much of the calculus around returning to pre-pandemic habits for workers and consumers. "I don't think that that was the true delta wave. The Massachusetts Index, which assesses business conditions only within the state, declined by 1.7 points to 64.3 in August. For the first time in 2021, confidence among Massachusetts manufacturers took a hit in August, shedding 4.2 points. In response to AIM's business confidence survey, one unnamed employer wrote that supply chain problems were "killing" the ability to drive business.
Source:MetroXpress
September 07, 2021 15:11 UTC
Film shines light on Mexican sweatshops at Venice festival
VENICE (Reuters) – “The Box”, a Mexican movie competing for the top award at the Venice Film Festival, takes viewers inside textile sweatshops to shine a light on labour exploitation through the eyes of its protagonist, a teenager boy. “The problem is the little Chinese girls have tiny hands and they are very fast.”“The Box” is the closing part of Venezuelan director Lorenzo Vigas’s trilogy about fraught relationships between fathers and sons. “Everyone in the north of Mexico depends on the factories,” Vigas told Reuters in an interview. Senseless violence in everyday life is also a theme in the background of “Sundown”, another Mexican film screening in Venice main competition line-up by director Michel Franco. “As a Mexican, you get used to hearing about violence every day,” Franco told Reuters.
Source:MetroXpress
September 07, 2021 14:48 UTC
Detroit health dept. says high E. coli levels that closed Belle Isle beach were caused by flooding
click to enlarge Detroit Health DepartmentDetroit's Belle Isle beach was closed for a week and a half in August due to E. coli levels. BELLE ISLE BEACH OPEN: Results from new test samples were acceptable enough to open the beach. https://t.co/ssPrTtLGM7 — Detroit Health Department (@DetHealth) August 30, 2021On Thursday, Aug. 19, during the dog days of Michigan's short summer, Detroit's Belle Isle beach was closed for swimming due to elevated levels of E. coli detected in the water, prompting officials to post signs warning beachgoers not to swim.On Monday, Aug. 30, the Detroit Health Dept. "They also have had issues with the geese at the beach and boats dumping septic tanks in the past as well. "Many parts of the world, including the Detroit area, saw historic flooding this summer.
Source:MetroXpress
September 07, 2021 14:26 UTC
Framingham, Milford, Ashland will follow state's 'Test and Stay' protocol for school
Tremblay noted that if the schools were to allow remote learning, it would have to be negotiated with the teachers union. But on Aug. 25, guidance was revised to allow for quarantined students to participate in schooling remotely if their schools are able to "allow students to join their schedule remotely." To decrease the amount of time students and staff spend quarantining, Framingham, Milford and Ashland schools are turning to the state's "Test and Stay" quarantine protocol, with the Framingham School Committee approving the policy on Wednesday. Pooled testing is also available for Framingham students. Lincoln-Sudbury Regional High School will not participate in Test and Stay, according to Superintendent/Principal Bella Wong.
Source:MetroXpress
September 07, 2021 09:00 UTC
Sudbury teens start nonprofit to help feed those who are food insecure
SUDBURY — Seventeen-year old Camden Francis has had a change in perspective over the past year. It's an issue that has only gotten worse during the pandemic, and Camden and his brother want to help solve it. Statewide, food insecurity has gone from one in 12 people before the pandemic to one in 10 in 2021, according to the food bank. “It first was just an idea — just a light bulb — but going through that process, we were able to get small things done. Then small things turned to larger things and goals turned slowly into achievements,” Camden said.
Source:MetroXpress
September 07, 2021 08:26 UTC
China’s economy gets welcome boost from surprisingly strong Aug exports
Moreover, some of the port gridlock appears to have cleared in a boost to China’s shippers last month. That put further pressure on global supply chains already struggling with a shortage of container vessels and high raw material prices. Companies faced increasing pressure https://www.reuters.com/world/china/chinas-factory-activity-expands-slower-pace-august-official-pmi-2021-08-31 in August as factory activity expanded at a slower pace while the services sector slumped into contraction. China posted a trade surplus of $58.34 billion in August, versus the poll’s forecast for a $51.05 billion surplus and $56.58 billion in July. The trade surplus with the United States – a source of years-long friction between the two economic powers – rose to $37.68 billion from $35.4 billion in July, Reuters calculations based on the customs data showed.
Source:MetroXpress
September 07, 2021 03:33 UTC
Australian court orders Allianz pay $1.1 million penalty for travel insurance sales
(Reuters) – An Australian court fined local units of Allianz SE for selling travel insurance to ineligible customers and not properly disclosing how it calculated premiums on Expedia websites, the country’s corporate watchdog said. The units, Allianz Australia and AWP Australia, committed A$10 million in October last year to compensate around 31,500 customers who were sold potentially incorrect travel insurance through Allianz’s own website and Expedia, ASIC said. Allianz Australia issued the travel insurance while AWP handled its sale. ASIC said the court took into consideration the early admission by the Allianz companies in deciding the penalty. The two units also face separate criminal charges https://asic.gov.au/about-asic/news-centre/find-a-media-release/2021-releases/21-029mr-criminal-charges-laid-against-allianz-and-awp-alleging-the-making-of-false-statements for allegedly making inaccurate statements between 2016 and 2018 when selling both domestic and international travel insurance.
Source:MetroXpress
September 06, 2021 23:03 UTC
First look: UAB at Georgia odds and lines, UGA looks to avoid Week 2 letdown
Joe WilliamsSportsbook WireThe UAB Blazers (1-0) and Georgia Bulldogs (1-0) meet Saturday at Sanford Stadium in Athens, Ga. Kickoff is scheduled for 3:30 p.m. Below, we look at the UAB vs. Georgia odds and lines; check back for our college football picks and predictions. UAB at Georgia odds, spread and linesOdds provided by Tipico Sportsbook; access USA TODAY Sports' betting odds for a full list. Money line: UAB +1300 (bet $100 to win $1,300) | Georgia -5000 (bet $5,000 to win $100)UAB +1300 (bet $100 to win $1,300) | Georgia -5000 (bet $5,000 to win $100) Against the spread/ATS: UAB +26.5, -112 (bet $112 to win $100) | Georgia -26.5, -108 (bet $108 to win $100)UAB +26.5, -112 (bet $112 to win $100) | Georgia -26.5, -108 (bet $108 to win $100) Total (Over/Under): Over 44.5, -112 (bet $112 to win $100) | Under 44.5, -108 (bet $108 to win $100)PLAY: Try our new, free daily Pick'em Challenge and win. 2020 betting stats (regular season):ML: UAB 6-3 | Georgia 7-2UAB 6-3 | Georgia 7-2 ATS : UAB 3-6-0 | Georgia 4-5-0: UAB 3-6-0 | Georgia 4-5-0 O/U : UAB 4-5-0 | Georgia 6-3-0UAB at Georgia head-to-headGeorgia leads the all-time series 2-0, with the last meeting a 34-0 win in Athens Sept. 16, 2006.
Source:MetroXpress
September 06, 2021 20:15 UTC