Formula One supremo Bernie Ecclestone dismissed the threat of a U.S. Grand Prix boycott on Saturday after cash-strapped smaller teams suggested they could take drastic action to push their demands for more money.
"Forget all that crap. I promise you they will be racing (tomorrow)," the 84-year-old told reporters after qualifying at the Circuit of the Americas. "They will be racing, I give you an absolute guarantee."I'm worried if they are going to be racing next year," added the Briton.Force India deputy principal Bob Fernley had told Reuters earlier that all options were open for teams fighting for survival in a paddock that has already seen Marussia and Caterham disappear since the previous race in Russia. "Nothing is off the table at this point," Fernley said. "Everything and anything is possible. The team owners need themselves to sit down and decide what actions they want to take and then make sure everybody is informed properly."Force India, Sauber and Lotus have all had financial troubles and their bosses have all urged the bigger teams to create a more level playing field by ensuring that all have the means to compete.
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House of Commons' Transport Committee must launch a public inquiry of proposed regulatory change that will put airline passengers at risk
OTTAWA, ONTARIO--(Marketwired - Mar 26, 2014) - CUPE and its Airline Division are asking MPs on the House of Commons Standing Committee on Transport, Infrastructure and Communities to immediately study a regulatory change that will put airline passengers at risk. Transport Canada wants to let airlines reduce the number of flight attendants onboard some aircraft without any involvement by Parliamentarians."Transport Canada is willing to take a chance on the safety and security of airline passengers. Are you?" asked Michel Cournoyer, president of CUPE Airline Division, to members of the committee.
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A slender funnel cloud passed over the refining hub of Texas City, Texas, on Monday but never touched down, the city's emergency management director said.
"There's no damage due to the funnel," said Derek Duckett, Texas City emergency management director. "I was watching it. The funnel came halfway down to the ground. It never touched the ground."Asked specifically if any of the refineries in Texas City reported damage, Duckett said, "No, none. None's been reported."The funnel, which spun up shortly before 1 p.m. CDT (1800 GMT) moved over the southeast side of Texas City before passing over Galveston Bay, Duckett said.Texas City is home to three refineries, two of which are owned by Marathon Petroleum Corp - the 80,000 barrel-per-day (bpd) Texas City refinery and the 451,000-bpd Galveston Bay refinery.Valero Energy Corp owns a 225,000-bpd refinery in Texas City.
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New research reveals devastating impacts of Hudak's 100,000 province-wide job cuts in Kitchener-Cambridge-Waterloo
TORONTO, ONTARIO--(Marketwired - May 22, 2014) - New research shows that Hudak's proposed cuts of 100,000 public sector jobs would have devastating effects across the province and lead to skyrocketing unemployment rates for many communities.The job cuts will introduce new and substantial threats to Kitchener-Cambridge-Waterloo, which will face an estimated 6,142 job losses. Based on the latest employment figures, this would drive unemployment up by 2 percent and leave the community burdened with 8.8 percent unemployment.
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By Alison Frankel Arab Bank was aware that it was processing wire transfers from a Saudi Arabian charity to the families of “martyrs” of the second Palestinian Intifada against Israel, according to deposition testimony from the bank’s global head of operations, played Thursday for jurors in a terrorism finance trial against the bank in federal district court in Brooklyn. Lawyers for nearly 300 American victims of Hamas attacks on Israel between 2000 and 2004 also aired deposition testimony in which they confronted three executives from Arab Bank’s Palestinian operations with evidence the bank was apprised that at least three of those “martyrs” killed themselves in civilian bombings.
The three officials said that they always followed the bank’s policies and procedures for transferring money from correspondent banks. But a former Arab Bank compliance executive from the London branch said in a deposition also played Thursday for the jury in Brooklyn that if he had seen the materials sent to those officials – including charts listing the cause of death of three of the men whose families were slated to receive wire transfers as “martyr operations” – he would not have processed the transfers.
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The Middle East will be an important growth area in coming years for investment banks, including Barclays (BARC.L), as local wealth funds put their oil dollars to work buying European assets, a senior executive at the British bank said.
"If you look globally, the upside is in emerging markets and the Middle East is a key component of that," Makram Azar, global vice-chairman for investment banking at Barclays, told Reuters."We are committed to the Middle East. I do not see why our strategy would change," Azar said in an interview.Last week's appointment of retail banker Antony Jenkins as Barclays group chief executive could see a shift from riskier investment banking, analysts said, as the lender tries to recover from an interest rate-rigging scandal that brought down former CEO Bob Diamond.Barclays is also the subject of a British regulatory inquiry into payments to Qatar's sovereign wealth fund linked to its participation in an 11 billion pound ($17 billion) refinancing of the bank at the height of the financial crisis in 2008.Azar would not comment on whether that inquiry might affect its business in the region.
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ProTek Devices' New TVS Components Offer High Voltage Spike Circuit Protection in Relay Drives and Motors
PR Newswire
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Revel Group, LLC Announces Plans it will Terminate License Agreement with the Revel Branded Property in Atlantic City
PR Newswire
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Acme United Corporation to Present at the 2014 Gateway Conference on September 4
FAIRFIELD, CT--(Marketwired - Aug 28, 2014) - Acme United Corporation (NYSE MKT: ACU) has been invited to present at the 2014 Gateway Conference which is being held on Thursday, September 4, 2014 at the Palace Hotel in San Francisco.Acme United Corporation management is scheduled to present at 3:30 p.m. Pacific time, with one-on-one meetings held throughout the day.
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German exchange operator
Deutsche Boerse's said its operating profit more than
doubled in the third quarter, helped by a increased trading
activity, and flattered by the absence of legal expenses which
had burdened the year-earlier quarter.
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