S&P/TSX composite hits highest close since March on strength of financials sector Related news Canada’s main stock index closed at a record high, boosted by a surging energy sector following a weekend attack on a Saudi Arabian oil facility.The S&P/TSX composite index rose 68.89 points at 16,751.31, topping its previous high of 16,682.42 set on Friday. TSX gets lift from financials, U.S. markets rise to highest since March Canadian Press Keywords Marketwatch elovkoff/123RF In New York, the Dow Jones industrial average fell 142.70 points to 27,076.82. The S&P 500 index lost 9.43 points to 2,997.96, while the Nasdaq composite shed 23.17 points to 8,153.54.The Canadian dollar traded for US75.48¢ compared with an average of US75.43¢ on Friday.The October crude contract surged by US$8.05 to US$62.90 per barrel and the October natural gas contract climbed nearly US7¢ to US$2.68 per mmBTU.The December gold contract advanced US$12.00 to US$1,511.50 an ounce and the December copper contract rose roughly six cents to US$2.64 a pound. Share this article and your comments with peers on social media Toronto stock market dips on weakness in the energy and financials sectors Facebook LinkedIn Twitter
NEW ANALYSIS: According to GSMA Intelligence, there are more than 350 4G operators, as 4G connections approach 500 million.There were 352 operators with live commercial 4G-LTE networks globally as of the end of January 2015, with more than half of the world’s mobile markets (124) covered by at least one LTE operator. This represents an increase of 88 compared to the same point in 2014, according to our latest research. Meanwhile, the number of LTE connections worldwide more than doubled between 2013 and 2014 from 200 million to around half a billion (490 million), meaning that 7 per cent of the world’s cellular connections (excluding M2M) were on LTE by the end of 2014, compared to just 3 per cent a year earlier. By the end of 2015 we expect that more than 10 per cent of connections globally will be on LTE, with this share rising to more than three in every ten connections by 2020.Europe is home to the most LTE operators with more than 30 per cent of the total (108), followed by Asia Pacific (66), Latin America (55) and North America (47). Conversely, the regions that have seen the fewest LTE launches are CIS (22), MENA (26) and SSA (32). However, while Asia Pacific accounts for only one in six of the world’s LTE operators, it was home to almost half (47 per cent) of LTE connections at the end of 2014, largely due to substantial LTE bases in South Korea, Japan and – increasingly – China. Similarly, North America accounted for around a third (32 per cent) of all LTE connections, compared to just 14 per cent for Europe. At the end of 2013 the developing world made up less than one in 20 global LTE connections, however this had risen to more than a quarter by the end of 2014, and by 2016 we expect the developing world to have overtaken developed world in terms of LTE connections.China Mobile driving a major shift in the LTE landscapeThis trend is being driven to a great extent by China’s (and the world’s) largest operator, China Mobile, which accounted for three in every ten new 4G connections worldwide during 2014. After launching its TD-LTE service at the end of December 2013, a combination of aggressive network rollout (410,000 base stations by Q2 2014) and competitive handset and tariff pricing – combined with the stalling of its domestic rivals’ 4G launches – resulted in the operator’s 4G base reaching 90 million by the end of 2014, making it the world’s largest 4G operator by some distance. US operators Verizon and AT&T are second and third with 67 million and 43 million respectively at the end of 2014, with the US remaining the largest LTE market globally with 148 million connections. However, at current growth rates we expect China’s LTE base to treble to 300 million by the end of 2015, comfortably overtaking the US.In terms of 4G connections as a percentage of total connections, the most relevant metric on which to measure LTE adoption, South Korea is some way ahead of the rest of the world with two thirds of all connections on 4G by the end of 2014. As with their counterparts in the US (45 per cent LTE adoption in Q4 2014), Japan (42 per cent) and Australia (38 per cent), operators in the country were assigned spectrum for LTE far in advance of many other regions. However, South Korean operators LG Uplus (80 per cent LTE adoption in Q4 2014), KT (63 per cent) and SK Telecom (61 per cent) head up the list of the world’s top ten operators in terms of LTE adoption as the relatively small land mass of the country allowed them to quickly reach nationwide coverage.LTE spectrum bandsThe example of these four pioneer markets demonstrates how the principal driver of LTE adoption is LTE coverage, which is in turn driven by the timing, type and amount of spectrum licensed for LTE services. South Korea, the US, Japan and Australia have all benefited from supportive regulatory frameworks that assigned spectrum for LTE use at an early stage, whereas in Europe, where LTE adoption stood at just 10 per cent in Q4 2014, assignment of spectrum occurred at a slower rate. The type of spectrum is also important; for example, despite the size of the country, Verizon in the US was able to reach 97 per cent population coverage within three years of launch due to its initial assignment of low frequency, high propagation ‘coverage band’ spectrum in the 700 MHz range.Figure 1 (click to enlarge): Share of LTE deployments by frequency band, by region (January 2015) Source: GSMA IntelligenceHowever, with near nationwide coverage established in leading markets but demand for data growing exponentially, particularly in urban areas, LTE spectrum auctions since 2010 have tended to focus on ‘capacity bands’ above 1 GHz. In the 185 spectrum auctions that took place across 120 countries between 2010 and 2014, the amount of capacity spectrum auctioned was at least twice that of coverage spectrum in every region. Figure 1 shows the range of frequencies in which LTE (including multi-band) networks have launched since 2009. While the presence of 13 separate bands demonstrates an initial lack of harmonisation at the global level, the clustering around the digital dividend bands (700 MHz, 800 MHz), the refarmed 1800 MHz band and the IMT-extension bands (2500-2690 MHz) shows the progress that has been made toward regional spectrum harmonisation. Between them, these three bands account for three quarters of all LTE networks currently operating.Figures 2 and 3 illustrate the relationship between spectrum band, population coverage and adoption for operators using the three most prevalent LTE spectrum bands (for multi-band operators the data refers to the initial deployment band). Figure 2 shows that on average, after three years of operation (12 quarters), LTE networks using the lowest frequency (digital dividend) band, 700 MHz, had reached around 90 percent coverage, compared to around two thirds for the higher 1800 MHz band and just over half for the 2600 MHz IMT-extension ‘capacity band’. LTE adoption lags coverage in a uniform way for the digital dividend and IMT-extension bands as shown in Figure 3, but adoption relative to coverage is typically faster for the refarmed 1800 MHz band. As discussed in our earlier report, this is due to the proliferation of available devices in this range as, unlike the other two bands, 1800 MHz has been used in cellular operation for several years and is supported in most smartphone models.Figures 2 & 3 (click to enlarge): Average LTE coverage and adoption, quarter after launch, reporting operators only. Source: GSMA Intelligence Previous ArticleWorldRemit to use some of bumper $100M round to expand partnerships with operatorsNext ArticleSpiderCloud wins in Pakistan Bangladesh 4G auction raises $898M AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 18 FEB 2015 Calum Dewar Samsung lights LTE public safety network Author Tags Other factors in LTE adoptionWhile European countries still lag their counterparts in Asia Pacific and North America, some operators in the region have been able to drive significant LTE adoption due to the greater device availability offered by using refarmed spectrum. Of the ten operators with the highest level of LTE adoption in Europe in Q4 2014, which are clustered in Denmark, France, Norway, Sweden and the UK, nine made their initial LTE launches in either the 900 MHz or 1800 MHz bands. While many had the advantage of early LTE launches (e.g Netcom in Norway and Telia in Sweden in October 2009), the UK’s EE is now Europe’s largest 4G operator in terms of connections with 7.7 million in Q4 2014, despite launching its 1800 MHz LTE service relatively late in October 2012. The operator had almost a third (31 per cent) of its connections on 4G at the end of 2014, compared to 16 per cent for O2 UK and 11 per cent for Vodafone UK, which both launched LTE in August 2013 on 800 MHz and 800/2600 MHz respectively.Yet the operator with the highest level of 4G adoption in the UK is the country’s smallest, 3, which announced 3.1 million LTE connections in December 2014, one year after launch. Utilising the 1800 MHz band has played a part in the operator reaching 38 per cent LTE adoption, however, pricing has also been a factor that has contributed to its rapid 4G take-up. 3 has employed a different pricing strategy to its domestic competitors in terms of 4G, offering the technology to customers at no additional charge to its 3G tariffs. With many of those customers already owning 1800 MHz LTE compatible devices, the operator has been able to instantly migrate a significant number of connections from 3G to 4G via an over-the-air software upgrade. We expect this tariffing strategy to mirror the approach taken by early LTE pioneers such as AT&T in the US and Telstra in Australia, which also initially offered LTE at no extra charge but then gradually moved to a tiered data tariff model. Related Asia Home 4G deployments and connections gather pace Read more Strengthening LTE foundation to maximise 5G potential 4GAnalysisForecasts AnalysisGSMAIntelligenceLTE
About 50 volunteers pitched in hundreds of hours to make Christmas happen for 91 local families in the Mission area. Photo courtesy of city of MissionThe ballroom in the Sylvester Powell Jr. Community Center exploded with Christmas presents. Each of the tables were piled high with gifts for families in the Mission area who asked for some help with the holidays this year.About 50 volunteers from the city of Mission and neighboring businesses (including Hy-Vee and Kohl’s) poured countless hours into the city’s holiday adoption program. The city’s holiday adoption program received more than $17,000 in cash donations as well as hundreds of toys, tools, personal hygiene items, clothes and a variety of stocking stuffers for 66 families.“People are just so generous,” said Suzie Gibbs, coordinator of the holiday adoption program.And a total of 91 families in the Mission area received a food basket for their Christmas meal this year. Volunteers also picked up toys for the family cats and dogs. The municipal judge’s son stuffed 61 stockings with personal hygiene items.“This makes a difference to our local families, and most of the people that come in and receive the presents are people who already work very hard,” said Fiorella Schlossmacher, one of the volunteers and councilmember Nick Schlossmacher’s wife. “This is a huge help for them, and it just makes their Christmas better.”And everything came together just in time for Christmas, when the families came to pick up donated food and gifts Friday afternoon.“It’s just a great way for everyone to give back to people in the local community,” said councilmember Nick Schlossmacher.One local participant — who is caring for her grandchildren while their parents get back on their feet — said she will be able to give her family a good Christmas.“It’s a blessing because the kids (her grandchildren) can give something to their mom and dad, and we can give them things from their mom and dad,” she said.Gibbs said it’s important to keep up the program because of the wonderful service it provides for local families.“Christmas should be special; Christmas should be happy,” Gibbs said. “Everybody should be able to enjoy a meal, and everybody should be able to enjoy a few gifts. And if we can make one family happy one day of the year, that’s what we want to do.”
Gophers men’s hockey sweeps Ohio StateA newly formed second-line powered Minnesota throughout the weekend. Liam ArmstrongGophers Forward Ben Meyers takes a shot on net at 3M Arena at Mariucci on Friday, Jan. 24, 2020. The Gophers ended the night with a 6-3 victory over Ohio State. Julianna LandisJanuary 27, 2020Jump to CommentsShare on FacebookShare on TwitterShare via EmailPrintFollowing a 2-1 exhibition loss to the U.S. Under-18 team last week, head coach Bob Motzko thought the team’s energy was lacking. There was no lack of energy this weekend. The Gophers swept the No. 6 Ohio State Buckeyes, in what was their most complete series of the year. It was the second series sweep this season and first since Oct. 19. Gophers put together best offensive performance of their seasonIn what was expected to be a close, one-goal game, the Gophers scored six goals against one of the top teams in the country en route to a much-needed 6-3 win in Friday’s series opener. “That doesn’t happen to Ohio State hardly ever, and that was one night. Tomorrow’s going to be a different story with them, they’re an excellent defensive team, and [Nappier] has been an awful good goaltender,” head coach Bob Motzko said. While two of the goals were empty-netters, courtesy of Sampo Ranta and Brannon McManus, Minnesota put four goals past Buckeyes goaltender Tommy Nappier, who before this weekend allowed an average of 1.83 per game. The goals came from players up and down the lineup, with Ranta, Jaxon Nelson, and Jonny Sorenson scoring. It was a lineup that looked a bit different than usual with the loss of Scott Reedy, who was described as week-to-week with an upper-body injury. In his place, Ben Meyers moved up to join Ranta and McManus on the second line. “We had the puck a lot, and when we have the puck, we can do a lot of things,” Ranta said. “Offense is the best defense, right?” The new line had noticeable chemistry, combining for six points in the game.Meyers started the scoring for the Gophers just minutes later, taking the puck in from the center line and putting it past Buckeyes goalie Tommy Nappier to tie the game. “That Ben Meyers goal, that’s fuel for us,” Motzko said. “The energy just got back on our bench, and that’s one thing we’ve been lacking this year is timely offense and we’re getting a little bit of it now, so that’s great.” Gophers complete the sweep on Doug Woog nightThe Gophers capped off their weekend on Saturday with a sweep of Ohio State, which was extra special as the 4-1 win came on Doug Woog night, as the team and family of the former Gophers player, coach and broadcaster celebrated his legacy.It was a continuation of Friday’s performance as the Gophers’ second line showed up again. Meyers, Ranta and McManus all scored a goal. Of the ten goals the Gophers scored on the weekend, seven came from the second line. “We were talking all the time on the bench, the chemistry was there. It was a lot of fun this weekend to play with them …[Meyers] is an all-around great player, he’s really made an impact so far,” McManus said. The only other goal came from Bryce Brodzinski, who opened the scoring for Minnesota five minutes into the first period. In the second period, McManus scored off a fortunate deflection that bounced off the the skate of a Buckeyes defender to make the lead 2-0. The line combined for the next goal just three minutes later, this time with Ranta scoring from a nice passing play orchestrated by Meyers.Meyers scored the fourth goal of the night on a power-play in the third period. The goal added insurance after Ohio State got on the board earlier in the period.“It’s so much fun to work hard when you’re winning,” goaltender Jack LaFontaine said. “To do it against a team like this is not only important, but it was so awesome. I think this team’s going somewhere special.”
Auto and light truck sales continued their rebound in September, when sales were 16.34 million at a seasonally adjusted annual rate. That compares to last September, when they were 17.08 million, and this April when they were 8.71 million. At least for now, the sales rebound has compressed into a couple of months what took a couple of years after the 2008-‘09 recession. STUTTGART, Germany – The supervisory board ofMAHLE GmbH has appointed Wolf-Henning Scheider as the new chairman of the MAHLE management board, effective July 1, 2015.AdvertisementClick Here to Read MoreAdvertisementHe will join the MAHLE Group on April 1, 2015, and initially will assume the role of vice chairman of the management board. Wolf-Henning Scheider has been employed at Bosch, the largest global automotive supplier, since 1987. During this time, he has taken on increasingly greater responsibilities within the Bosch organization. In 2010, he was appointed a member of the board of management of Robert Bosch GmbH and since 2013 has had overall responsibility for the automotive technology division.Prof. Dr. Heinz Junker, who has held the role of chairman of the MAHLE Management Board since 1996, will transfer to the supervisory board of MAHLE GmbH and to MABEG, the shareholders’ committee with voting rights, when Scheider takes over as chairman of the management board. Junker will replace the chairman of both committees – Dr. Klaus Bleyer, who has been a member of the supervisory board since 1993.,This “Data Did You Know” item comes from Babcox Media Audience Insights Manager Bruce Kratofil:AdvertisementClick Here to Read MoreAdvertisement The data is from the US Bureau of Economic Analysis, via the Federal Reserve Bank of St. Louis.
Winner #*#*Show Fullscreen*#*# David Sinclair receives the award on behalf of C&D Demolition Consultants from awards judge Patrick Frye of CardemC&D Demolition Consultants, S Evans & Sons, SafedemCountryUnited KingdomProjectBritish Steel Coke HopperAlso shortlistedDelta Group (Australia)Fàbio Bruno USASummaryExplosive demolition is by definition a specialist and somewhat niche category, so it was a smaller, but no less significant, shortlist than other awards contested on the night.At the same time, the explosive award has always attracted truly international fields of entrants, with previous recent winners including French company Cardem and Jet Demolition of South Africa.So it proved again with the eventual winner C&D Demolition Consultants and its partners, all based in Britain, heading off stiff competition from Australia and North America.C&D’s eventual triumph was summed up by the judges who said: “Explosive demolitions of big metal structures are always complicated, requiring expertise in temporary stability, specific and carefully carried out pre-cuts and perfect timing.”The company was able to show this in the winning project, which took place in Scunthorpe in the north of England.British Steel required a 4,000 t steel coking tower to be removed safely, to allow it to invest in the next stage of the plant’s growth.Bringing down a structure 75 m (246 ft) tall down is a big task, made even more complicated by the fact that a coke hopper was present inside and full of 1,500 t of product.The principal contractor brought in explosive specialist Safedem and industry experts C&D to map out the process and oversee the safety exclusion zone.After significant consultation it was decided that two blowdowns should be completed, safely removing the coke hopper and giving the relevant space required to complete the second blowdown of the coke tower. Both explosions were completed safely.
Insolvency experts have predicted a rise in the number of law firms that will face bankruptcy in the coming months, after a well-known firm in the north-west closed its doors last week. Lees Lloyd Whitley (LLW) – a 190-year-old Merseyside firm with 90 staff – ceased trading and is now in administration. The closure is understood to be the result of the severe downturn in the property market, which hit LLW’s remortgaging work, coupled with the recent loss of some major clients. The firm’s work has been divided between a number of regional firms, and some of the partners have moved to those firms. Administrator Parkin S Booth & Co was unable to confirm the number of redundancies or the level of the firm’s debt. Meanwhile, insolvency experts warned that more law firms are likely to face collapse, particularly at the smaller end of the market. Joanne Wright, insolvency partner at administrators Begbies Traynor, said: ‘LLW won’t be the last practice to go this way. We’ll see more firms going into administration over the next three years.’ She predicted: ‘We haven’t see the worst of it yet and we’ll be in difficult trading conditions for the foreseeable future.’ Wright said she had seen a ‘significant increase’ in the number of solicitors entering into individual voluntary arrangements (IVAs) with their creditors. The procedure enables them to ringfence their debt and either continue trading or sell their business. ‘IVAs used to be a rarity for solicitors and other professionals, but now we’re seeing them on a regular basis,’ she said. Wright warned that partners in small firms that had not become limited liability practices risked losing everything, including their home, if they went bankrupt. She advised those in financial difficulty to seek advice. Many firms, she said, had expanded on the back of the success of their property departments, and were now suffering due to a lower workload and higher overheads. James Money, restructuring director at accountants Smith & Williamson, stressed that the hike in insurance was also hitting firms. He said the bigger firms which had been robust in their approach to making redundancies were more stable now, while smaller firms were suffering. ‘We’ll see a large number of firms closing or going through some sort of insolvency process,’ he predicted. Money said professional practices were often poor at cash management and when problems arose as a result, they were hit harder than they might have been.
By Joe ChapmanTWO interesting matches will be played today on the penultimate day of the preliminary round in the Linden Amateur Basketball Association-organised LABA/Youth Basketball Guyana/Powerade Linden Regional Under-19 basketball Championship.The Linden Technical Institute (LTI) side is the only unbeaten team in the tournament thus far and will play their final game against Wisburg Secondary while the winless schools, Harmony Secondary and Christianburg Wismar Secondary, clash at 16.00hrs.In the latest round of play last Friday, LTI out-played the challenges of New Silvercity Secondary 78-36 after establishing a commanding lead at half time– 43-11.They were once led by the duo of Daniel Lee and Jamal Gilkes as Lee netted 24 points and Gilkes 16. Support also came from Shamar Chapman and Randy Patioir who both netted 12 points.In the other scheduled game, Harmony failed to show up against Mackenzie High.On Saturday, New Silvercity Secondary rebounded to beat Christianburg-Wismar Secondary 34-14 as Kobe Tappin had a top-score of 21 for the winners while Odinnie Reece played well to score six for the losers.The other game could not be played due to rain and that final game between Wisburg and Mackenzie High is to be played tomorrow with the semi-finals set for Wednesday at the Mackenzie Sports Club hard court.Currently, Linden Technical Institute are ahead with eight points, winning all of their four games played while in second position is New Silvercity Secondary who have completed their five games and have eight points from three wins and two losses.Mackenzie High School is third with seven points from three wins and one loss; fourth is Christianburg-Wismar Secondary with four points from three games played which they lost and at the bottom is Harmony Secondary School with no wins from four games.After Wednesday’s semi-finals, the final is set for Friday at the tournament venue–the MSC hard court.
MU TigersCOLUMBIA – Xavier took an unusual route toward winning its first true road game of the season Saturday.“It’s never easy,” coach Chris Mack said after defeating Missouri 74-58.Despite leading by five at halftime, the Musketeers’ top three scorers combined for zero field goals up to that point. The team then led just 44-41 with 11:36 remaining after Tramaine Isabell’s layup for Missouri, but Xavier (8-2) responded with an 11-2 run and gradually pulled away.Dee Davis scored a season-high 17 points on 6-of-9 shooting while Myles Davis and Brandon Randolph each added 11.“We have all the confidence in Dee,” Myles Davis said. “Dee’s our leader. We move when he moves. We go as fast as he goes. Dee stepped up today.”Johnathan Williams III led Missouri (5-5) with 17 points and nine rebounds while Jakeenan Gant added 13 in his first appearance of the year. The freshman missed the Tigers’ first nine games while the school investigated his eligibility regarding “receipt of benefits.”Xavier entered the contest leading the Big East with 83.1 points per game and shooting 52.6 percent from the field. The Musketeers looked like they would come short of matching those figures before starting their second-half run. The Musketeers finished 24 of 45 (53.3 percent) overall, including 8 of 18 from 3-point range, and 18 of 22 from the free-throw line.Xavier looked like it would run away early.Missouri converted just one of its first 10 shots and trailed 18-5 with 9:36 remaining before the break. But the Tigers rallied, clawing back to within 32-27 at halftime thanks to a 7-0 run and Gant.A 6-foot-8 forward and former Mr. Basketball in the state of Georgia, Gant elicited the game’s biggest roars, the first of which came when he entered the game with 8:51 left in the first half. He proceeded to score seven points before the break and another six after it. Gant made four of his eight shots from the field and added four free throws. Missouri coach Kim Anderson said he thought Gant played “aggressively but not selfishly.”“He’s in pretty good shape,” Anderson said. “I told him before the game, ‘You may play two or three minutes and then come out.’ And he got in there, and he was comfortable. Even when he’s been sitting out, he’s been working hard.”Missouri finished 21 of 54 from the field, including just 1 of 16 from behind the arc. The Tigers entered the game making 39.6 percent of their 3-pointers, good for second in the Southeastern Conference.“We’ve just got to keep going,” said an emotional Keith Shamburger, who finished with seven points. “We can’t put our heads down. We’ve just got to keep going from here and just keep trying to get better.” TIP-INS Xavier: The Musketeers moved to 14-4 against SEC opponents since the 2008 season, including a win against Missouri in 2008.Missouri: The Tigers said Thursday after barely defeating Elon that they would take any win they could get. Fading against Xavier likely won’t help the team’s confidence heading into its annual rivalry matchup with Illinois.
HANDS UP, DON’T SHOOT’– Members of the St. Louis Rams raise their arms in awareness of the events in Ferguson, Mo., as they walk onto the field during introductions before an NFL football game against the Oakland Raiders, Sunday, Nov. 30, 2014, in St. Louis. From left are Stedman Bailey (12), Tavon Austin (11), Jared Cook, (89) Chris Givens (13) and Kenny Britt (81). The players said after the game, they raised their arms in a “hands up” gesture to acknowledge the events in Ferguson. (AP Photo/L.G. Patterson)ST. LOUIS (AP) — The St. Louis Rams will make a donation to a local police charity after five players’ protest over Michael Brown’s death in Ferguson drew the ire of local law enforcement officials.The St. Louis Post-Dispatch (/bit.ly/1Gi0BkV ) reports the team will present an unspecified amount of money to The Backstoppers group before Thursday’s home game against the Arizona Cardinals.The Backstoppers provides financial assistance to families of police officers, firefighters and paramedics killed in the line of duty.The move comes after five receivers made the “hands up” gesture during pregame introductions at the team’s Nov. 30 home game.That gesture has become the rallying cry of protesters in Ferguson and around the nation after Brown, who was Black, was shot and killed in August by a White police officer.