LKQ Executive Vice President Mark Spears to Step Down at Year-End

first_imgCHICAGO — LKQ Corp. Executive Vice President and Chief Financial Officer Mark Spears has said he intends to resign at or about the end of 2009 to pursue personal interests. LKQ has begun a search for his successor. AdvertisementClick Here to Read MoreAdvertisement Spears confirmed that he will continue his duties until a successor is in place. “I will assist with the selection of our new CFO and will help train the new CFO to make the transition as smooth as possible. My target date is Dec. 31, but I have pledged to remain as CFO as long as my services are needed.” Speaking of Spears’ many contributions to LKQ, Joseph Holsten, president and CEO said, “Mark has been an integral part of LKQ for 10 years, and we greatly appreciate his professionalism, his service and his friendship. He is handing over his department in excellent shape, which should make this transition seamless.” In addition, LKQ and Spears have entered into a consulting agreement that begins on the date of his resignation and continues for five years thereafter. Under the consulting agreement, Spears will provide consulting services as needed with respect to financial matters, including the company’s financial statements and capital structure.,Lubrication Specialties Inc. (LSI), manufacturer of Hot Shot’s Secret brand of performance additives and oils, recently announced the expansion of senior leadership. Steve deMoulpied joins LSI as the company’s chief operating officer (COO). AdvertisementClick Here to Read MoreAdvertisement DeMoulpied comes to LSI from the Private Client Services practice of Ernst & Young where he managed strategy & operations improvement engagements for privately held client businesses. Some of his prior roles include VP of strategic development, director of strategic initiatives, and Lean Six Sigma Master Black Belt at OptumHealth, UnitedHealth Group’s health services business, as well as Lean Six Sigma Black Belt at General Electric, where he applied operations improvement principles to customer service, supply chain and product development. A successful entrepreneur, deMoulpied is also the founder of PrestoFresh, a Cleveland-based e-commerce food/grocery business.  DeMoulpied has a Bachelor of Science degree in Engineering Management from the United States Air Force Academy and a Master of Business Administration degree from the University of Dayton in Marketing and International Business. He served six years with the USAF overseeing the development of technology used on fighter aircraft and the E-3 Surveillance aircraft, finishing his career honorably as Captain. LSI President Brett Tennar says, “Steve’s success in developing operational strategies that improves the bottom line, builds teamwork, reduces waste and ensures quality product development and distribution checks many of the boxes of what we were looking for in a COO. This, coupled with his career in the Air Force working with highly technical systems and his in-depth understanding of Lean Six Sigma and Business Process Management sealed our offer. As our tagline states, our products are Powered by Science. This data driven approach is one reason why our company has grown exponentially as we employ the most advanced technology to product development. I am confident that Steve is the right person to drive operational strategy for our diverse and growing brands.” Advertisement With more than 20 years of experience across multiple industries and functional areas, deMoulpied has particular expertise in organizations with complex technical products. Combined, his prior positions have required a spectrum of skills in corporate strategy, operations improvement, product quality, and revenue cycle management. He has an impressive history of utilizing data driven problem solving (Lean Six Sigma) and project management (PMP and CSM) to achieve strategic goals surrounding customer satisfaction, operational efficiency and improved profit. last_img read more

CD3 Candidate Anise Golden Morper Joins Los Alamos Federated Republican Women For Meet And Greet

first_imgThe Los Alamos Federated Republican Women gathered Nov. 14 for their monthly meeting, from left, Jolyn McTeigue, Dianne Coane, Cathy Walters, Shona Neff, Terra Fullbright, Mary Wilhoit, Anise Golden Morper, Jennifer McKerley, Terry Marzili and Valerie Shelley. In addition to the program and business meeting, New Mexico CD3 candidate Anise Golden Morper joined the group for a Meet and Greet. The LAFRW meets the second Thursday of each month, with the exception of the summer months. The next meeting is a pot luck luncheon Dec. 12. All registered Republican women are invited to attend. Call Shona Neff at 505.672.1456 for meeting times, places and general information. Courtesy/LAFRWlast_img read more

Incorporation by reference: Northrop Grumman Mission Systems Europe Limited vs BAE Systems (Al Diriyah C41) Limited

first_imgThe FactsIn December 2010 BAE Systems (Al Diriyah C41) Limited (BAE) entered into an agreement with Northrop Grumman Mission Systems Europe Limited (NGM) whereby NGM would supply software licences together with associated training and support to BAE, in two tranches, on 20 December 2010 and 20 December 2011 (the licence agreement).The licence agreement was conspicuous in its brevity and did not include the usual boiler plate clauses providing, for instance, for dispute resolution, limitation of liability, and as to the matter in dispute; termination. There was, however, an apparent intention to incorporate these provisions by reference, and sub-clause 5.1 stated that:“5.1 This Agreement shall be governed by the terms contained within the ‘Enabling Agreement…” (the enabling agreement).The enabling agreement was in effect a framework agreement between NGM and a company connected with BAE, “BAESI”, which set out the terms upon which NGM would provide products and services to BAESI, on behalf of and for BAE.The enabling agreement included the usual boiler plate provisions which were lacking from the licence agreement. These included a termination provision which at sub-clause 10.4 entitled BAESI to terminate “for convenience at any time”.BAE subsequently terminated the licence agreement for convenience in November 2011. NGM disputed the termination and commenced Part 8 proceedings seeking a declaration that sub-clause 10.4 did not apply to the licence agreement.On 8 September 2014 the issue was decided in favour of BAE in the TCC.The IssueThe principal issue before the Court of Appeal in this case was whether sub-clause 10.4 of the enabling agreement was incorporated by reference into the licence agreement by sub-clause 5.1 so as to entitle BAE to terminate for convenience.The DecisionThe court firstly framed the issue as being “purely about contractual construction”, namely, if sub-clause 10.4 of the enabling agreement was found to apply to the licence agreement then “it is common ground that the licence agreement has been terminated”.It then went on to consider the “leading case” on “incorporation of provisions into a contract by reference to another contract, between the same or different parties”, which is Skips A/S Nordheim v Syrian Petroleum Co Limited [1984] 1 QB 599.Skips A/S Nordheim was decided on facts that make the decision inapplicable to the case at hand, however, the judgment includes observations which now represent well-understood principles of construction for incorporation by reference, and most particularly Oliver LJ’s two stages of inquiry: “[1] whether the terms are so clearly inconsistent with the contract…that they have to be rejected or [2] whether the intention to incorporate a particular clause is so clearly expressed as to require, by necessary implication, some modification of the language of the incorporated clause so as to adapt it to the new contract…”In applying this inquiry, the court found as follows:1 The words “governed by” in sub-clause 5.1 clearly demonstrated an intention that the terms of the enabling agreement be incorporated into the licence agreement2 Termination for convenience under sub-clause 10.4 was not “flatly inconsistent” with any clause in the licence agreement on the same subject matter3 While not inconsistent, differences between the two agreements such as the parties and certain phrases meant sub-clause 10.4 could not be incorporated un-amended4 It was therefore necessary to carry out an “appropriate manipulation” of the language of sub-clause 10.4 to overcome these differences5 The solution needed to strike a balance between giving effect to the words “governed by” in sub-clause 5.1 and allowing “a level of domination by the enabling Aagreement which would be “surplus, insensible, or inconsistent” with the provisions of the licence agreement.Accordingly, the court found that sub-clause 10.4 was incorporated and the licence agreement had been validly terminated.CommentaryThe decision in Northrop provides for a common sense approach to be applied to the construction of incorporation by reference clauses, and confirms that this exercise must be carried out in accordance with the usual principles of contractual construction.On these bases the court was dismissive of the use of technical arguments, including the considerable effort spent by NGM in attempting to downplay the force of the words “governed by” by reference to synonyms.While the issue of “incorporation of provisions into a contract by reference to another contract, between the same or different parties” may well be a mouthful, the principles of construction as set out above are well-settled and straightforward.Robbie McCreaFenwick Elliott LLPlast_img read more

Projects and contracts – April 11th 2014

first_imgMubadala Development Company of Abu Dhabi and the Investment Corporation of Dubai have announced the official incorporation of Emirates Global Aluminium (EGA), formed by integrating the two shareholders’ respective aluminium interests. EGA’s core operating entities are Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL), whose combined annual production currently accounts for 50 percent of the total primary aluminium produced within the Gulf Cooperation Council region.  With EGA’s primary aluminium production set to reach 2.4 million tonnes per annum by mid-2014, the company will join the ranks of world’s top aluminium producers. Read more hereU.S. Department of Energy and ROSATOM have suspended several joint projects in peaceful use of atomic energy. The US side of the venture cites “Russia’s actions in Ukraine” as the reason for the decision. See more here.Jacobs Engineering Group’s joint venture with HDR received a single-award contract from the Naval Facilities Engineering Command (NAVFAC) Atlantic to provide architecture and engineering services at various locations worldwide. The five-year USD60 million contract will see the joint venture support the sustainment, restoration, and modernisation program for U.S. Navy and other Department of Defense facilities and infrastructure. Read more about it here.Jacobs Engineering Group also received a contract from ConocoPhillips Company to provide engineering, procurement and construction services for projects across the lower 48 states of the United States. While the contract value was not disclosed, it will run for three years with the option to extend the agreement for a further four years. Jacobs’ scope of work under the terms of the contract includes front-end studies and engineering, procurement and construction management services for a range of ConocoPhillips projects. See more information here.Jacobs Engineering Group also won a contract from North West Redwater Partnership for its Sturgeon Refinery Project in Alberta, Canada. It will deliver engineering and procurement services for the utilities requirements of the refinery. Read more details here. Pakistani company Techno Engineering Services (Pvt.) Ltd. has won the contract from Gazprom Neft to lay the pipeline connecting Iraq’s Badra oilfield to the power station in Zubaidiah. Techno Engineering Services will produce the designs, supply the equipment and materials, and carry out construction of the pipeline. First gas transportation via the pipeline, which is almost 100 km in length and has a daily capacity of 4.4 million cu m, is scheduled for 2015. See more here.Wood Group GTS has completed two steam turbine major inspections and received awards for three additional steam turbine outages from five US power plants. The cumulative USD4.2 million in services are scheduled for the first half of this year. Read more here.KTR-WG Turbine Services LLP (KTR-WG), a joint venture between Wood Group GTS and KazTurboRemont (KTR), has been awarded a long-term service agreement by the North Caspian Production Operating Company (NCPOC) in Kazakhstan.The joint venture will support the critical rotating equipment on the Kashagan project and the contract includes six GE Frame 6B, two GE Frame 5D, three Siemens SGT-600 and four Rolls-Royce RB211 gas turbines, in addition to all driven equipment, steam turbines, standby diesels and compressors. Find more information hereABB has won an order worth roughly USD40 million from Energinet.dk, the Danish transmission system operator, to build an alternating-current (AC) power cable system that will help integrate and transmit power from the Horns Rev 3 offshore wind farm. Read more here.Technip, in partnership with China HuanQiu Contracting & Engineering Corporation (HQC), has been awarded a front-end engineering design (FEED) contract for Ar Ratawi Natural Gas Liquids (NGL) train1 project at North Rumaila in Basra Province, Iraq by Basra Gas Company. Find more here.Technip has also signed an agreement to sell to WSP – its TPS subsidiary, which specializes in engineering and construction for the industry. The sale is in line with its strategy to focus on its core energy business, says Technip. Read more here. http://www.technip.com/en/press/technip-sell-its-subsidiary-tpsGammon Construction Limited – a joint venture between Balfour Beatty and Jardine Matheson – has been awarded a USD210 million contract by the Singapore Land Transport Authority for the construction of Havelock Station for the Mass Rapid Transit (MRT) system in Singapore. See more details here.Oil and gas exploration concern Shell successfully exported its first shipment of crude oil from the Majnoon oilfield in Iraq. The oilfield has reached a current average of 210,000 barrels per days (BPD), well in excess of the 175,000 BPD initially forecast.Hans Nijkamp, vice president and chairman of Shell in Iraq, observed the significance of the achievement: “This is a historic event for Iraq’s energy industry. The lifting of Shell’s first oil shipment from Majnoon has great significance to us and our partners in the Government as it is a testimony to our shared progress and signals the start of Majnoon’s long-term journey toward generating further revenue for Iraq’s economy, and as an investment in Iraq’s future.” Find more details here.Skanska has been awarded a contract to build a wastewater treatment plant for a mining client in Peru. The project will treat residual waters to utilise part of them in the mining process, avoiding the use of fresh river water. Skanska will be in charge of the construction of the plant and four pump stations.The United Kingdom Nuclear Decommissioning Authority (NDA) has chosen the Cavendish Fluor Partnership as the preferred bidder in the competition to take ownership of Magnox Ltd and Research Sites Restoration Limited (RSRL), the companies that manage and operate 12 UK nuclear power plant sites. It is anticipated that this contract will provide savings in excess of USD1.6 billion in the decommissioning program for the 12 nuclear sites. Read more about it here.The New York Power Authority has awarded a contract worth almost USD20 million for work on the company’s Niagara hydropower project, reported Hydroworld.com.Ferguson Electric has been contracted for the installation of auxiliary equipment as part of ongoing upgrades to NYPA’s 240-MW Lewiston pumped-storage plant. Ferguson Electric will install static exciters, generator circuit breakers, cable, conduits, unit instrumentation and AC/DC distribution system equipment to all 12 pump-turbine units at Lewiston. See more here. Sembcorp Industries will expand its industrial wastewater treatment business to China’s Hubei province. It has signed an approximately USD20 million deal to build and operate a 10,000 cu m per day water treatment facility in the area. Read more here.Orsk Refinery will launch a new hydrocracker that will allow it to make petrol with ultra-low sulphur content, and also Euro 5 jet and diesel fuel. Shell will provide a hydrocracking technology licence and will also supply catalysts and internal reactor parts for the new unit. The refinery expects to boost its yield to 84.8 percent, and to increase its light oil products yield to 75.1 percent. Read more information here.Four contracts with a cumulative value of approximately USD754.47 million have been awarded by Scottish Hydro Electric Transmission (SHE Transmission) to facilitate the delivery of new and upgraded power lines in the north of Scotland. The contract has been awarded to: Balfour Beatty Utility Solutions Limited; Amec Group Limited MSVE Transmission; and Babcock Networks Limited. Find more details here.Gamesa has developed a pioneering system for the prevention of ice formation on wind turbine blades called Bladeshield. It consists of anti-icing ‘paint’ that prevents the formation of ice and boosts the paint’s resistance to erosion. Read more here.Gamesa has also reached an agreement with Energa, one of Poland’s leading energy companies, for the supply of 20 MW of its turbines at the Myslino wind farm, in commune Go?cino. Find out more here.Sacyr Industrial will build a cement plant in Bolivia for USD244 million in the Region of Oruro. Read more details here.BP intends to halt refining operations at its 102,000 barrels per day (bpd) Bulwer Island refinery in Brisbane, Queensland by mid-2015. See more here.Bass Strait Oil Company has commenced a formal divestment process for its offshore Gippsland Basin portfolio offshore Victoria, Australia. More details can be found here.Stuart Bradie has been named president and chief executive officer of KBR, Inc., effective June 2, 2014. He succeeds William “Bill” Utt, who is retiring. Bradie has more than 25 years of industry experience and joins KBR from WorleyParsons, where he held the position of group managing director – operations and delivery. Read more about it here.Cairn Energy has stated that as part of its long term succession planning, Dr. Mike Watts, deputy ceo, and Jann Brown, managing director and cfo will not seek re-election at the AGM on May 15, 2014 and will stand down as executive directors of the company. See more here.American Capital Energy & Infrastructure has appointed Robert “Bo” Wholey as its managing director responsible for sourcing, underwriting and managing energy and infrastructure investments in North America. More information here.UK Network Rail has appointed Dr. Francis Paonessa its managing director, infrastructure projects this summer. He will be responsible for spearheading the company’s GBP25 billion infrastructure investment programme. Read more here.last_img read more

President of Mozambique declares state of emergency

first_imgA picture of the map of Mozambique./Getty Images FILE PHOTO: President Filipe Nyusi of Mozambique speaks at a high-level meeting on addressing large movements of refugees and migrants at the United Nations General Assembly in Manhattan, New York, U.S. REUTERS/Carlo Allegri/File PhotoPresident of Mozambique Filipe Nyusi on Monday declared a state of emergency due to COVID-19 for 30 days, starting from April 1.In his speech to the nation, broadcast live on national television and radio, the president said the decision had been sent to the parliament for ratification.“Guided by the supreme interest in safeguarding public health, for every Mozambican and foreigners residing in our country, we decided to require mandatory quarantine for all citizens who have recently returned to the country or have had contact with the confirmed cases of COVID-19,” said the president.Nyusi said that the disease could compromise the country’s ability to respond if it spreads into communities, which is why the internal circulation of people inside the country and the entry of people across borders should be limited.All kinds of public and private meetings, such as religious ceremonies, cultural activities and sports, are to be prohibited, and sustainable fiscal and monetary policy measures will also be adopted to support business, said the president.“We decided to close the entertainment establishments, monitor the prices of essential goods for the population and redirect the industrial sector toward the production of materials needed to fight the pandemic,” said Nyusi.The southeastern African country has reported eight cases of COVID-19 so far.Related Zambia’s President Lungu declares state of emergency Ethiopia declares state of emergencycenter_img Egypt Declares State of Emergency in Sinailast_img read more

Criminals seek to exploit COVID-19 outbreak

first_img£10,000 fraud intercepted by Scottish Borders Council when an application for a business support grant was hacked by criminals who requested the redirection of the payment to a different bank account. Due to the checks in place the council were alert to the scam and the money was not paid outJustice Secretary Humza Yousaf, chair of the Taskforce, said:“Organised crime groups are adept at taking advantage of any situation that presents itself. People are understandably concerned about their health, and that of their family, as well as concerned about their jobs. It is abhorrent, but not unexpected, that these groups are looking to exploit those fears and concerns. A business falling foul to one of these scams could be disastrous, especially if they are already struggling and could ultimately lead to them stopping trading.“The Taskforce partners are unified in the approach to implement Scotland’s Serious Organised Crime Strategy, and agree on the need to ensure members of the public are made aware of the risks from criminal gangs, as well as how they can report suspicions safely to help law enforcement agencies to tackle such crimes and ultimately prevent them. It is important that we all do what we can to protect ourselves and our loved ones. I would encourage anyone that if they see something, say something.”Fiona Richardson, Chief Officer at Trading Standards Scotland, said: “Throughout lockdown we have continued to receive information that shows that organised criminals remain active in our communities seeking to make money in whatever way they can, despite the ongoing crisis. We have seen instances of sales of fake Covid-19 testing kits and doorstep crime. At this difficult time please don’t rush into any purchases and be very wary of any unsolicited callers.”Police Scotland Assistant Chief Constable Angela McLaren said: “During the current pandemic, we are seeing targeted attempts by fraudsters to adapt well-known techniques to include references to coronavirus, lockdown measures and PPE. We remain vigilant to this and circulate alerts and preventative messages, not just those associated with COVID-19, where appropriate.“We will persistently pursue those who set out to cause harm and misery to our communities and to make Scotland a hostile environment for those involved.“It is important that everyone protects themselves and remains vigilant. Be aware that a telephone call, email or text may not be from the person or organisation it appears to come from. Never click on a link from an unsolicited email or text, and remember that the banks and the police will never ask you for personal banking information or ask you to move funds to a safe account.” a number of reports of people knocking doors and offering to disinfect the householder’s driveway to rid it of any COVID-19 for a fee AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to LinkedInLinkedInLinkedInCriminals are exploiting the COVID-19 pandemic and playing on the fears of businesses and the public, Scotland’s Serious Organised Crime Taskforce has heard.Organised crime groups are now focussing on targeting those most vulnerable at home and in the care sector, including:a care home in the Forth Valley area was left without PPE after the supplier claimed they had not received the £10,000 payment, despite it being sent. A police investigation showed that the payment had been moved from the bank account it was paid into and they believe organised criminals were behind itcenter_img businesses emailed by scammers urging them to click on an official-looking link for a £25,000 grant. The link leads to a fake ‘UK Government’-branded website asking for business and banking detailslast_img read more

Antigua Bribery Scandal: One Diplomat Sacked, One To Repay Money

first_img Tweet 123 Views   one comment Share Sharing is caring! Sharecenter_img Share NewsRegional Antigua Bribery Scandal: One Diplomat Sacked, One To Repay Money by: – December 29, 2016 ST JOHN’S, Antigua, Dec 29 2016 (Caribbean News Service) – Hours after he was asked to explain his involvement in a bribery scandal, Antigua & Barbuda’s Ambassador to the United Arab Emirates, Casroy James has denied accepting bribe money and has agreed to repay sums, he claims, were paid to him for independent consultancy work.Prime Minister Gaston Browne said in his year-end Cabinet Review that James will be relieved of his position if he cannot give a “satisfactory explanation if any money has been paid to him” in the ongoing international bribery scandal, which has its roots in Brazil.Brown called on James to explain his position on Wednesday, the same time he fired Antigua & Barbuda’s Honourary Consul to Brazil, Luis Franca. The Brazilian was appointed under the former United Progressive Party administration.Antigua & Barbuda became embroiled in the scandal after court documents revealed that a high- level government official accepted €3 million in bribes.The document states, “In or about mid-2015, Odebrecht Employee 4 attended a meeting in Miami, Florida, with a consular official from Antigua and an intermediary to a high-level government official, in Antigua, in order to conceal Odebrecht’s corrupt activities.”The revelation was made as investigation continues into corruption at global construction conglomerate, Odebrecht, based in Brazil, the same company which court documents show acquired Meinl Bank Antigua in 2010.The bribe was allegedly paid in exchange for an unnamed official’s promise not to provide international authorities with banking records revealing illicit payments from Odebrecht.However, in a lengthy press statement, James admits to receiving payments from Meinl Bank, but said it was for his work as an independent consultant.He also denied knowing that his client was involved in any alleged illegal activity “nor did I have reason to believe, that Meinl Bank was in any way affiliated to Odebrecht.”Odebrecht, reportedly, purchased Meinl Bank allegedly to pay bribes to government officials in about a dozen countries.The diplomat said he attended a meeting with Luis Franca, who has been Antigua & Barbuda’s Honourary Consul to Brazil for more than 10 years, on a matter relating to Meinl Bank’s involvement with a CIP project.“I attended the Miami meeting as the principal of Global Residency and Advisory Services Ltd and not as an agent of the Antigua and Barbuda Government or as a agent for any Antiguan government official. I attended the Miami meeting in a personal and professional capacity,” the ambassador explained in the release.As an outcome of that meeting, James said his company entered into an agreement with an affiliate of Meinl Bank to act as agent and advisor for the purposes of processing CIP applications associated with Meinl Bank’s CIP project.last_img read more

Man Utd boss Mourinho accused of tax fraud in Spain

first_img Sharing is caring! Share This file photo taken on May 24, 2017 at the Friends Arena in Solna outside Stockholm shows Manchester United’s Portuguese manager Jose Mourinho prior the UEFA Europa League final football match Ajax Amsterdam v Manchester United. (Photo: AFP)MADRID, Spain (AFP) — Manchester United manager Jose Mourinho was on Tuesday accused by Spanish authorities of failing to pay 3.3 million euros ($3.7m, £2.9m) in taxes during his time in charge of Real Madrid.The 54-year-old Mourinho, who coached Madrid from 2010 to 2013, was accused of “two offences against the public treasury,” the prosecutor’s office said in a statement.They claim that Mourinho — who took over at United last year — failed to declare income of 1.6 million euros in 2011 and 1.7 million euros in 2012.The accusations come as Madrid superstar Cristiano Ronaldo was summoned to appear before a judge next month, himself accused of evading 14.7 million euros through offshore companies.The 32-year-old Portuguese star is facing four charges of fraud through offshore companies between 2011 and 2014 and will appear before a judge on July 31, judicial sources told AFP.Prosecutors accuse the Portugal international of evading tax via a shell company based in the British Virgin Islands and another in Ireland, known for its low corporate tax rate.In addition, they say he only declared 11.5 million euros of Spanish-related income from 2011 to 2014, while what he really earned during that time was close to 43 million euros.And finally, they accuse him of “voluntarily” refusing to include 28.4 million euros in income linked to the sale of his image rights for the 2015 to 2020 period to a Spanish company.The four-time world player of the year, who said last week his “conscience is clear”, is threatening to leave Madrid over the affair according to Spanish and Portuguese media.Ronaldo is currently on duty for Portugal at the Confederations Cup in Russia, which ends on July 2.– Mendes in eye of storm –Both Ronaldo and Mourinho are clients of football super-agent Jorge Mendes, who has been summoned to appear before the court at Pozuelo de Alarcon, just outside Madrid, on June 27.Revelations from the whistleblowing website Football Leaks have lifted the veil on the practices supposedly used by Mendes to optimise often enormous earnings from image rights by his clients.Media consortium European Investigative Collaborations (EIC) has claimed that no less than 185 million euros worth of income has escaped the attentions of tax authorities using shell companies and offshore accounts.Other clients of Mendes who have ended up in Spain include the Portuguese full-back Fabio Coentrao — on the verge of joining Sporting Lisbon on loan from Real Madrid — and Colombian striker Radamel Falcao, now with Monaco but formerly at Atletico Madrid.Falcao himself is suspected of failing to correctly declare 5.6 million euros of income earned from image rights between 2012 and 2013 while he was at Atletico.Coentrao is suspected of failing to correctly declare 1.3 million euros of income.In three years with Real Madrid, Mourinho won La Liga in 2012 and the Spanish Cup in 2011.After leaving Madrid, he returned to England for a second spell with Chelsea before joining United, with whom he won the Europa League and the League Cup in the season just finished.The football world in Spain has been rocked by charges of tax evasion or corruption pressed against some of its other leading stars.Barcelona’s Lionel Messi was sentenced to a 21-month jail sentence and 2.09 million euro fine last year for tax fraud.The prison term will be suspended as is common in Spain for first offences for non-violent crimes carrying a sentence of less than two years.The 29-year-old and his father Jorge Horacio Messi were found guilty of using companies in Belize, the United Kingdom, Switzerland and Uruguay to avoid paying taxes on 4.16 million euros of Messi’s income earned from his image rights from 2007 to 2009.Barcelona defender Javier Mascherano also agreed a one-year suspended sentence with authorities for tax fraud last year.Meanwhile Brazil star and Barcelona forward Neymar and his parents are due to stand trial for alleged corruption over his transfer from Santos in 2013. Share Tweetcenter_img 42 Views   no discussions Share InternationalNewsPrintSports Man Utd boss Mourinho accused of tax fraud in Spain by: Associated Free Press – June 20, 2017last_img read more

Nordic Semiconductor Launches its First Thread + Bluetooth Low Energy Module

Nordic Semiconductor has launched its first Thread Networking Solution. The nRF5 SDK for Thread, has been designed to utilize the IEEE 802.15.4 PHY support introduced on Nordic’s latest nRF52840 multi-protocol Bluetooth low energy System-on-Chip (SoC). In addition, the Nordic nRF5 SDK for Thread also adds a unique Device-Firmware-Update (DFU)-over-Thread network feature like the Over-The-Air (OTA) DFU feature employed in other existing Nordic SDKs and chips.The nRF52840’s has 256 kB of RAM and 1 MB of Flash memory to enable the SoC to run both the Thread and Bluetooth low energy protocol stacks from the same chip. The nRF52840 is also able to run the Thread protocol at accelerated processing speeds by using its built-in ARM CryptoCell-310 cryptographic accelerator – which offers best-in-class security for Cortex-M based Bluetooth low energy SoCs – to run the Thread security algorithms.Thread was designed to create the best way to connect and control products where people live and work. This includes robust security (smartphone-grade authentication and AES encryption), low power battery-friendly operation, and scalable reliability. This is all built around a developer-friendly IP-based (IPv6 with 6LoWPAN) mesh network. Prime ‘home Internet of Things (IoT)’ target applications for Thread include: home automation, appliances, access control, climate control, safety, lighting, healthcare, and security systems. The non-profit Thread Group states that it is focused on making Thread the foundation for the IoT in the home and beyond by educating product developers, builders, and consumers on the unique features and benefits of Thread, and ensuring a positive experience through rigorous, meaningful product certification.Along with the unique support for DFU-over-Thread, the Nordic nRF5 SDK for Thread includes: a pre-built OpenThread stack for the Nordic nRF52840 SoC; examples of all the different Thread roles; support for an OpenThread network co-processor; a CoAP application layer example; border router and cloud connectivity example; and a range of PC tools including a Thread topology monitor.The Nordic nRF5 SDK for Thread is now available in Alpha release with full production scheduled for Q4 2017, aligning with the full production of the Nordic nRF52840 SoC. read more

Podcast: NEOSI’s ‘Monsters Insiders’ with Matt Loede and Monsters Radio Voice Tony Brown

first_img Related TopicsMonstersTony Brown Join Matt Loede and Lake Erie Monsters Play-by-Play Announcer Tony Brown for our weekly Monsters Podcast – “Monsters Insiders”. Today the pair discuss the Monsters finally being back at home for a stretch of games, including a weekend back-to-back with Milwaukee, a number of recent transactions, and the teams’ 3-2 OT loss to Grand Rapids on Wednesday night at the Q. Listen to ‘Monsters Insiders 1/22/16’ Matt Loedecenter_img Matt Loede has been a part of the Cleveland Sports Media for over 21 years, with experience covering Major League Baseball, National Basketball Association, the National Football League and even high school and college events. He has been a part of the Cleveland Indians coverage since the opening of Jacobs/Progressive Field in 1994, and spent two and a half years covering the team for 92.3 The Fan, and covers them daily for Associated Press Radio. You can follow Matt on Twitter HERE.last_img read more