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Veteran Orlando Salido showed his power and experience as he outpointed two-time Olympic champion Vasyl Lomachenko of Ukraine in a featherweight bout Saturday night at [&hellip
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Denmark’s Lego reported a 9% increase in profits in 2013, as the company aims to expand in emerging markets by launching new products. Demand in [&hellip
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In what has already been a trying year for Raymond Felton, the New York Knicks point guard was recently arrested on gun charges. But, his [&hellip
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The state of Colorado may have legalized cannabis, but a hurdle still stands in front of store owners: current federal laws can still penalize banks [&hellip
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Late actor Philip Seymour Hoffman left the entirety of his estate to his longtime girlfriend Mimi O’Donnell and wanted their son to be raised a [&hellip
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Samsung Electronics chairman Lee Kun-hee can keep the fortune he inherited from his father after a court battle brought by his brother, who was demanding [&hellip
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A top US diplomat has called on China to clarify or adjust its territorial claims in the South China Sea in accordance with international law. [&hellip
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Panic gripped central Hong Kong on Thursday, February 6, as more than 2,000 people evacuated and roads closed in the area after a World War [&hellip
Published on March 4th, 2014 | by Kristie Brown
Veteran Orlando Salido showed his power and experience as he outpointed two-time Olympic champion Vasyl Lomachenko of Ukraine in a featherweight bout Saturday night at the Alamodome in Texas.
The Mexican fighter won via split decision after getting the scores of 116-112 and 115-113. The third judge scored it 115-113 for Lomachenko.
”I thought my experience was the difference,” Salido said. ”He caught me with a very hard body shot late, and it was a matter of survival.”
Still a Profitable Loss for Lomachenko
Lomachenko now has a professional record of 1-1 after the loss, but he had an impressive 397-1 as an amateur. He still earned an extra $15,000 for keeping the fight after Salido came in over the 126-pound class limit.
The Game Plan
Salido kept attacking the challenger’s belt and was cautioned on occasion to bring his punches up. According to CompuBox, Salido landed more power punches than Lomachenko – 137-105, but the latter outjabbed him 59-5.
Lomachenko kept the fight close with his boxing skill, but it wasn’t enough to win as he had to occasionally pull and push away from Salido, who continued throwing power punches.
”I knew he would do that,” Lomachenko said. ”It was a close fight. I box. I don’t keep score.”
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Published on March 3rd, 2014 | by Wileene Grace Olimpo
Denmark’s Lego reported a 9% increase in profits in 2013, as the company aims to expand in emerging markets by launching new products.
Demand in China
Rising sales and operating profit were boosted by strong performance in China, which the Danish toymaker highlighted as a future “core market.”
Lego says its multicolored blocks were hugely in demand in China, which helped the company to increase sales to $1.12 billion in 2013.
“You take these pieces, you put them together…you can build anything you can possibly imagine,” Lego Chief Executive Jorgen Vig Knudstorp said in an interview.
Everything is awesome
Lego said that it aims to expand in emerging toy markets aided by a successful movie.
“During the coming years the Lego Group expects to grow moderately ahead of the global toy market that is expected to grow low single digits,” said Lego in its annual report.
Earnings from the hugely successful Lego film were not revealed.
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Published on February 28th, 2014 | by Kristie Brown
In what has already been a trying year for Raymond Felton, the New York Knicks point guard was recently arrested on gun charges. But, his pending trial won’t affect his game, or so he says.
Loaded Gun
Felton first made the statement a day after his arrest, when he attended practice before a game against the Miami Heat. He thanked his family, friends, and teammates for their support and took no further questions for the duration of practice.
The issue first came to light when a lawyer for Felton turned in a loaded semi-automatic at a police precinct as per the instructions of Felton’s wife. Felton was released on $25,000 bail and scheduled for a trial on June 2.
Knick Woes
Both Felton and the Knicks have been having a bad season, with the veteran guard posting career-worst 10.4 points per game, shooting 40.3%. The team is among the worst performers in the league with a 21-36 record with approximately less than thirty games for the rest of the season.
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Published on February 26th, 2014 | by Denise Smith
The state of Colorado may have legalized cannabis, but a hurdle still stands in front of store owners: current federal laws can still penalize banks for taking money from companies engaged in the cultivation and sale of what is still deemed as an illegal drug.
‘Treated as third-class citizens’
Sally Vander Veer, one of the owners of the area’s biggest operators Medicine Man Denver, said that even though they earn a lot from the business, banks give them a hard time finding support. Fortunately, they are one of the few firms who have worked out a secret agreement with a local bank.
“It’s costly banking and it’s liable to go away at any point. It’s really tough – we’re a legitimate industry, we have been written into the constitution of Colorado and yet we’re still treated as third-class citizens on many levels,” said Vander Veer.
Other business owners have echoed the same sentiment.
‘Banks can’t be in this business’
“There was an environment where some banks did [accept business from] cannabis firms, probably unknowingly because none of us really focused on the issue. Once it was surfaced by the Department of Justice then everybody started getting concerned. I think end result was most people have concluded that banks can’t be in this business,” explained Don Childears, president of the Colorado Bankers Association.
“An act of Congress is the only way to solve this problem,” said Childears, as he continues to warn banks against doing business with pot stores due to legal constraints that could reprimand financial institutions.
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Published on February 21st, 2014 | by Wileene Grace Olimpo
Late actor Philip Seymour Hoffman left the entirety of his estate to his longtime girlfriend Mimi O’Donnell and wanted their son to be raised a New Yorker.
Requests
In the 2004 document, Hoffman requested that 10-year-old son Cooper be raised in or near the borough of Manhattan, so that he will be exposed to everything the city has to offer.
If living in New York City proved impossible for them, Hoffman requested that his son be raised in Chicago or San Francisco.
If girlfriend Mimi “cannot reside in any of such cities, then it is my strong desire” that Cooper “visit these cities at least twice a year.”
The 2004 will
“The purpose of this request is so that my son will be exposed to the culture, art and architecture that such cities offer,” the document state.
Hoffman and O’Donnell met in 1999 and have three kids together.
Their two younger children had not yet been born at the time he wrote his will, therefore they’re not mentioned.
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Published on February 10th, 2014 | by Wileene Grace Olimpo
Samsung Electronics chairman Lee Kun-hee can keep the fortune he inherited from his father after a court battle brought by his brother, who was demanding an $850 million share.
Portion of the money
Lee Kun-hee was accused by Lee Maeng-hee of hiding company stocks after their father died.
Maeng-hee had claimed that he was entitled to a portion of the money that Kun-hee had inherited when their father died without leaving a will.
Maeng-hee had already lost one case last year against his brother but he appealed, only for the Seoul High Court to back the decision in a ruling released on February 6.
Lost court appeal
Maeng-hee’s lawyer said his client had not yet decided whether to take the case to the Supreme Court.
The High Court found that some of the shares had been left to him by his late father. But it said the 10-year period for inheritance claims had expired.
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Published on February 10th, 2014 | by Denise Smith
A top US diplomat has called on China to clarify or adjust its territorial claims in the South China Sea in accordance with international law.
‘Stake Your Claim Properly’
US assistant secretary of state for East Asia Daniel Russel criticized Beijing’s so-called “nine-dash line” that outlines its claims.
He said there were “growing concerns” over China’s “pattern of behavior,” according to a report from BBC.
Tensions are already high over China’s imposition of an air defense zone over the disputed islands in the East China Sea.
The BBC report said correspondents say there are fears of a fresh showdown in the South China Sea. Several countries claim competing sovereignty over islands, reefs, and shoals.
China, the Philippines, Brunei, Malaysia, Vietnam, and Taiwan all have claims in the region.
‘Asserting control’
“There are growing concerns that this pattern of behavior in the South China Sea reflects incremental effort by China to assert control over the area… despite objections of its neighbors,” Russel told a congressional committee.
“Any Chinese claim to maritime rights not based on claimed land features would be inconsistent with international law,” he said.
“China could highlight its respect for international law by clarifying or adjusting its claim to bring it into accordance with international law of the sea,” Russel added.
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Published on February 10th, 2014 | by Denise Smith
Panic gripped central Hong Kong on Thursday, February 6, as more than 2,000 people evacuated and roads closed in the area after a World War II bomb weighing almost a ton was discovered on a construction site, police said.
WWII ‘Time Bomb’
According to a report from AFP, the giant US Navy bomb was discovered by workers in the upscale Happy Valley district—home to Hong Kong’s famous horse racing track.
A police officer on the scene said bomb disposal experts would need several hours to remove the explosives from the bomb casing.
“If it went off accidentally it would cause serious damage. Buildings could collapse,” Yuen Hon-wing, a senior bomb disposal officer at the scene, told reporters.
Evacuations and Road Closures
“Residents in the area, including guests from hotels, have been evacuated. Some roads are temporarily closed,” a police spokeswoman told AFP.
The bomb weighs in at 2,000 pounds—or more than 900 kilogram – and measures more than five feet (1.7 meters) long, with a diameter of two feet (0.6 meters), police said.
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