Amazon takes over Bronx warehouse once home to rival Jet.com

first_imgJeff Bezos and 1055 Bronx River Ave (Getty, Google Maps)Amazon has leased a 200,000-square-foot warehouse in the Bronx that was previously used by its rival Jet.com.The e-commerce giant has inked a deal for all the space at 1055 Bronx River Avenue along the Bruckner Expressway in Soundview, according to Business Insider. It plans to use the space as a new delivery station. Prologis purchased the building in 2016 for about $30 million.Jet.com previously leased the building, but the company, which is owned by Walmart, stopped working in it last year after giving up on its effort to break into the city’s grocery delivery business. Walmart abandoned the Jet.com brand last month, saying the company had done its job by augmenting Walmart’s online business.Industrial real estate is one of the few sectors that has held up relatively well amid the pandemic, and this is just the latest major lease Amazon has landed in New York City this year. The company inked a 450,000-square-foot lease for a Staten Island warehouse in January and a roughly 300,000-square-foot lease at Rentar Plaza in Queens in February. [Business Insider] – Eddie SmallADVERTISEMENT This content is for subscribers only.Subscribe Nowlast_img read more

10 months agoEx-Barcelona coach Tata Martina to take charge of Mexico

first_imgEx-Barcelona coach Tata Martina to take charge of Mexicoby Carlos Volcano10 months agoSend to a friendShare the loveFormer Barcelona coach Tata Martina is to be named new trainer of Mexico.Martina takes charge of El Tri after leading Atlanta United to MLS Cup glory this season.”We will be announcing decisions and signing the contract probably early next year, possibly in the first days of January,” said Mexican Federation president Yon de Luisa.Martina’s contract will run to the 2022 World Cup in Qatar.This summer, Juan Carlos Osorio led Mexico to the final 16 of the World Cup in Russia. TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your saylast_img read more

The 20 Most Popular College Football Teams In The Country In 2014, Based On Total Attendance

first_imgOhio State Buckeye fans doing the "O-H-I-O" chant.COLUMBUS, OH – SEPTEMBER 27: Ohio State Buckeyes fans cheer on their team against the Minnesota Golden Gophers on September 27, 2008 at Ohio Stadium in Columbus, Ohio. (Photo by Jamie Sabau/Getty Images)The NCAA’s college football attendance numbers for 2014 have officially been released, and while there aren’t too many big surprises, there are some interesting trends in the data. In terms of home attendance numbers, the top ten features five schools from the SEC, four schools from the Big Ten, and one school from the Big 12 – no surprise, all of them have huge stadiums that seat ridiculous numbers of fans. But what about overall attendance numbers? Which schools do fans come out for both at home and on the road?We’ve gone through the NCAA’s numbers and put together the list of the top 20 programs in terms of overall attendance per game. Yes, we realize that the playing field is not level across the country, as teams have different schedules, different stadium sizes and different game totals. Still, the No. 1 team on our list won’t surprise you.Here are the 20 college football teams that fans saw the most in-person, on average, during the 2014-2015 season.Get Started: Programs Ranked 20-16 >>>Pages: Page 1 Page 2 Page 3 Page 4 Page 5last_img read more

COSCO Shipping International Scraps Six Bulkers

first_imgCOSCO Shipping International (Singapore) sent six bulk carriers to the scrapyard in the first nine months of this year reducing its fleet to four Handymax carriers.The decision was based on the expectation that based on the prevailing market conditions, any recovery in the dry bulk shipping segment will remain weak.“Under such difficult market conditions and considering that the upkeep costs of the group’s dry bulk fleet will continue to increase, the group has scrapped 6 dry bulk carriers by the end of September 2017,” the company said.Smaller bulker fleet has seen the company’s dry bulk division post a net loss of SGD 4.1 million (USD 3.03 million) for the third quarter of this year and a net loss from continuing operations in dry bulk shipping and other businesses of SGD 23.9 million (USD 17.5 million) for the first nine months in 2017.The group’s recorded net profit from discontinued operations stood at SGD 23.6 million in Q3 2017. This relates to the group’s shipyard business in China, which it has agreed to dispose of.Overall, the group recorded a net profit attributable to equity holders of SGD 24.8 million in Q3 2017, a major rebound when compared to last year’s corresponding loss of SGD 102.3 million and a net loss of SGD 75 million for the nine-month period, 51% lower loss year-on-year.In August 2017, the company’s shareholders approved its sale and purchase agreement with COSCOShipping Heavy Industry which will result in disposing of its 51% equity interest in COSCO Shipyard Group; 50% equity interest in COSCO (Nantong) Shipyard and 39.1% equity interest in COSCO (Dalian) Shipyard for RMB 1,465,822,955 (USD 211.1 million). The transaction is expected to be completed by Q4 2017.COSCO Shipping International said it was working to wrap up the proposed disposal “as soon as possible.”“The company intends to use the sale proceeds from the proposed disposal to fund future projects, which may include mergers and acquisitions, and for working capital requirements of the group. In this regard, the company’s management has commenced and is actively reviewing potential investment opportunities,” the company said.The company added that it has moved forward with the proposed acquisition of a 40 % stake in Jakarta-based PT Ocean Global Shipping for USD 10.24 million.PT. Ocean Global Shipping is engaged in logistic service, container canvassing and management, ship agency and chartering and bunkering.What is more, COSCO Shipping International has made a voluntary cash offer for Cogent Holdings Limited (CHL), a public limited company incorporated in Singapore, specializing in logistics management services.last_img read more

Sting Supports Music Education In UK

first_imgSting is backing an initiative that promotes music and performance in schools in the North East of England.Music Partnership North is the Music Education Hub in Northumberland. There are 122 music hubs across England which support and enhance high quality music education for children and young people.“From the first moment I picked up a guitar as a young boy in Wallsend, music has been the most important part of my life,” said Sting. “Music Partnership North will give children across the North East the chance to discover a lifelong love of music.“The region has a great creative atmosphere and legacy and as this song demonstrates, music is very much alive and an important part of people’s lives.”Find out more about Music Partnership North here.last_img read more

Judge awards Dow Chemical USD106 billion in damages against Nova Chemicals

first_imgEDMONTON – A judge has awarded Dow Chemical Canada $1.06 billion in damages against Nova Chemicals Corporation in a dispute over a massive ethylene plant in central Alberta.The dispute centred around the operation of a production facility in Joffre known as E3.E3 started operating in 2000 as a joint venture, with Nova running the facility.Dow Canada alleged breach of contract over the E3 joint venture agreements, claimed that Nova took part of the ethylene and other products that belonged to Dow and failed to run the facility at full production.Nova said it faced an ethane shortage and ran the facility as full as it could subject to mechanical issues that constrained production.Justice Barbara Romaine of Alberta Court of Queen’s Bench ruled in favour of Dow and against a counterclaim filed by Nova in a case that included claims and counterclaims for damages between 2001 to 2012.“Dow has established these facts and has proved on a balance of probabilities that Nova has breached the joint venture agreements both as Operator and as Co-owner and has converted some of the ethane that Dow was entitled to from E3,” Romaine wrote in a lengthy redacted judgment released Wednesday.“I also grant Dow a declaration that the conduct of Nova as Operator constitutes Wilful Misconduct and Gross Negligence.”Romaine said Dow established that there was no ethane shortage, that Nova always had enough ethane to fill E3 and had the ability and freedom to acquire additional ethane.She also said Dow showed that Nova failed to operate E3 to maximize production and that the facility had more capacity than Nova submitted at trial.The court assessed damages against Nova amount to approximately $1.06 billion USD, but must be converted into Canadian dollars.Jenn Nanz, a spokeswoman for Nova Chemicals, said the corporation will appeal within 30 days.“While this decision is extremely disappointing, it has no impact on our announced growth plans,” Nanz said in an email.“Nova Chemicals is confidently moving forward with: Corunna cracker expansion and AST2 in the Sarnia-Lambton region (and a) joint venture with Total and Borealis in the U.S. Gulf Coast, which closed on May 23.”Dow Chemical Canada said in a statement early Thursday that it was pleased to receive a favourable judgement “that reflects the multiple years of lost productivity and sales resulting from unmet contractual obligations.”They added that it also confirms that Dow is entitled to and should receive increased access to cost-advantaged Alberta ethylene.Ethylene is the building block for a range of chemicals from plastics to antifreeze solutions and solvents.(Companies in this story: TSX:NCX)last_img read more

India successfully launches EMISAT 28 foreign satellites

first_imgSriharikota (AP): India scripted history by succesfully launching EMISAT, a military satellite, and 28 foreign nano satellites on-board its polar rocket from here on Monday, in a complex mission which marked many a first for ISRO.The rocket, PSLV-C45, in its 47th mission, injected the 436 kg EMISAT, aimed at electromagnetic measurement, and 28 co-passenger satellites belonging to Lithuania, Spain, Switzerland and the US, into their designated orbits, ISRO said. Also Read – Uddhav bats for ‘Sena CM’The rocket lifted off majestically in clear skies bursting orange flames at 9.27 am from the second launch pad at this spaceport at the end of the 27-hour countdown. The mission marked several firsts to the credit of Indian Space Research Organisation (ISRO) as it manoeuvred satellites in various orbits and orbital experiments including on maritime satellite applications. EMISAT is meant for electromagnetic measurement, ISRO said while declining to reveal any further information about the satellite. Also Read – Farooq demands unconditional release of all detainees in J&KPrime Minister Narendra Modi congratulated ISRO scientists on the successful launch of EMISAT satellite on board polar rocket PSLV-C45 from Sriharikota. “Today, PSLV C45 has successfuly injected ISRO made EMISAT in 748 kms orbit as well as 28 customer satellites in 504 kms orbit,” ISRO chief K Sivan said at the Mission Control Centre. “After completing its main function, the PS4 (fourth stage) is now marching towards the 485 km orbit to do its function as orbital platform for experiments,” he said. Elaborating, Sivan said, “this time three innovative experiments have been attached. One is AMSAT (Radio Amateur Satellite Corporation, Automatic Identification System, and the third one is built by the students of IIST (Indian Institute of Space Science and Technology..” On Monday’s launch, he said this particular mission was very special for ISRO as there were many firsts in it. “..first time a PSLV was flown in a new configuration of four strap on motors.. first time a PSLV is carrying out three orbital missions in a single flight, the first time PS4 (fourth stage) is powered for carrying out experimental platforms and of course a new PSLV team did this function,” he said. Congratulating the team on the successful launch, Sivan said, “enormous amount of work is behind this excellent success.. the work is really contributed by each and every one of the ISRO team members. Let me complement and congratulate ISRO team members as well as their family members for making this particular mission a grand success.” Noting that the industry played a major role in the PSLV-C45 mission, he said, nearly 95 per cent of the hardware for this mission was fabricated outside ISRO, that is industry. “Nearly 60-70 per cent of the satellite components were fabricated outside ISRO. In fact the payload for this particular satellite is fabricated in one of the electronic industries in Bengaluru,” he said and thanked the industries for providing help. On the future missions lined up for ISRO, he said after completing all these wonderful missons, ISRO was scheduled to launch 30 missions by the year end. “..there is a lot of work for my team. Immediately, by mid May we are going to have PSLV C46 that is going to launch RISAT 2B, followed by PSLV C47 which is going to launch CARTOSAT-3 satellite, then we are going to have Chandrayaan II and so on,” he said. PSLV, also used in India’s two key missions — “Chandrayan” in 2008 and Mars Orbiter in 2013, is a reliable and versatile launch vehicle for ISRO with 39 consecutive successful flights till June, 2017 and five-in-a row from January 2018. In today’s mission, ISRO scientists placed the satellites and payloads in three different orbits. After injecting the primary satellite EMISAT at around 17 minutes from lift off in a 748 km orbit, they restarted the fourth stage twice. During this initiative, all the other 28 customer satellites, totally weighing about 220 kgs, were released one-by-one by lowering the fourth stage to around 504 kms orbit. “This process took about 160 minutes for ISRO from lift off at 9.27 am,” an official said. Again, the fourth stage was reignited and further lowered to 485 kms orbit to serve as an orbital platform for carrying out space borne experimentations for the first time in ISRO’s history. This is the first time it has been envisaged to provide a micro-gravity environment for research organisations and academic institutes to perform experiments, ISRO said. The experiment payloads are automatic identification system from ISRO for Maritime satellite applications capturing messages transmitted from ships.last_img read more

Oil hits 5month high above 71 on Libyan supply threat worries

first_imgLONDON: Oil hit a five-month high above $71 a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply, although Russian comments signalling willingness to pump more dampened the rally. Supply curbs led by the Organization of the Petroleum Exporting Countries have underpinned a more than 30 per cent rally this year for Brent crude, despite downward pressure from fears of an economic slowdown and weaker demand. Also Read – Thermal coal import may surpass 200 MT this fiscalBrent, the global benchmark, rose to $71.34 a barrel, the highest since November, and by 1046 GMT or 4:16 pm IST was down 3 cents at $71.07. US crude also hit a November 2018 high of $64.79 and was later up 6 cents at $64.46. “The mood is increasingly turning bullish, but several feedback loops are about to start spinning that stand in the way of a prolonged oil rally,” said Norbert Ruecker of Swiss bank Julius Baer. “Russia already signalled its willingness to raise oil output from June. Fuel remains costly in emerging markets, with soft currencies adding to high oil prices.” Russia, a participant in the OPEC-led supply cuts that currently expire in June, signalled on Monday it wanted to raise output when it meets with OPEC because of falling stockpiles. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostEnergy Minister Alexander Novak said on Tuesday there would be no need to extend the supply-curbing deal if the market was expected to be balanced in the second half of the year. US sanctions on Iran and Venezuela have deepened the OPEC supply cut and concern has grown this week about the stability of Libyan output. The OPEC member pumps around 1.1 million barrels per day (bpd), just over 1 per cent of global supply. “The oil market is already undersupplied, so if supply from Libya also falls away the supply deficit will become even bigger,” said Carsten Fritsch, oil analyst at Commerzbank. On Monday, a warplane attacked Tripoli’s only functioning airport as eastern forces advancing on the Libyan capital disregarded international appeals for a truce. Yet despite generally bullish sentiment, concerns that an economic slowdown this year will hit fuel consumption have been preventing crude prices from rising even higher, traders said. Recent increases in US crude inventories have also put a lid on gains. US crude stocks are forecast to have risen by 2.5 million barrels last week, the third straight weekly addition. The American Petroleum Institute, an industry group, issues its supply report at 2030 GMT, ahead of Wednesday’s official figures.last_img read more

Will use Ashwins tips in the World Cup Mujeeb

first_imgNew Delhi: Injury and poor form made it a forgettable IPL for Afghanistan spinner Mujeeb ur Rahman but the time away from the field was well spent as he picked on Kings XI Punjab skipper Ravichandran Ashwin’s brains ahead of the World Cup in England. A shoulder injury meant that the 18-year-old wasn’t at his best during the cash-rich league, getting only three wickets in five games with an expensive economy rate of 10.05 runs per over. “I have learnt a lot having spend quality time with Ravichandran Ashwin in the KXIP set-up. He has given me a lot of useful tips and I am sure that I will execute those plans in the World Cup. During this edition of IPL, my shoulder injury was an issue. But now I am fully fit for the World Cup,” Mujeeb told reporters at a promotional event to announce Amul’s association with Afghanistan national team. Also Read – We will push hard for Kabaddi”s inclusion in 2024 Olympics: RijijuWhile he hasn’t played many matches this year, the best part about IPL according to Mujeeb is the opportunity to bowl at some of the prospective World Cup opponents. “The IPL schedule is so hectic and you are travelling a lot. It’s not that you get a lot of chance to talk about the game. But since you get a chance to bowl in matches where there are batsmen who will be there in the World Cup, it helps a lot,” said the Afghan teenager. Asked if he faced the second season blues, something which was evident as he went for 66 runs in his four overs against Sunrisers Hyderabad, Mujeeb attributed it to being part and parcel of cricket. “You will have a few bad days and it’s just that you have to be consistent with your line and length,” Mujeeb said.last_img read more