NASCAR Sprint Cup Daytona 2015 CZ 400 Dillon Huge Crash

NASCAR Sprint Cup Daytona 2015 CZ 400 Dillon Huge Crash

austin Dillon nascar

Officials at NASCAR and Daytona International Speedway vow to review safety features at the track after one of the biggest crashes in recent history marred the end of the Coke Zero 400 early Monday morning, when driver Austin Dillon was caught in a multi-car pileup that left his car totaled and 13 spectators injured.

«We’ll work closely with NASCAR [with our review],» Speedway president Joie Chitwoodsaid. «We did this after the last incident [a 2013 Xfinity Series race]. We’re going to learn from it and see what else we can do to be better. I think you saw some of the improvements at work today, so what we can learn from that tomorrow and the next days, we’re going to incorporate moving forward.»

Dillon walked away unhurt save for a few minor bumps and bruises, proclaiming himself ready for the next race.

«I am just going to be really sore,» Dillon told NASCAR.com. «It got my tailbone pretty good and my arm. Should be fine, just go ice it up and get ready for Kentucky.»

Dillon’s car was hit in the pileup and went in the air over two lines of cars before being snagged in the «catch fence,» which dropped it back down on the track. Thirteen fans in the grandstands were hurt by flying debris as the fence was ripped open by the force of the crash, but after being extricated from his No. 3 car by various crew members, Dillon raised his arms to the crowd before being evaluated on-site.

«It looked like that car just caught someone in the right position to get air under it, and it just lifted it right up in the air,» said race winner Dale Earnhardt Jr., whose father was killed at Daytona in 2001. «I haven’t even seen the wreck, and I don’t even know if I want to see it.»

bankruptcy recent news

Dr. Ricardo Corona

cbcnewsNine West store owner in Canada files for bankruptcy protection

The Canadian owner of one of Canada’s best-known shoe retailers has filed for bankruptcy protection.

Sherson Group, a Canadian distributor and retailer of footwear and accessories, is the licensed distributor of Nine West shoes in Canada. It also holds the Canadian rights to brands such as Anne Klein, Easy Spirit, Bandolino, Flogg, and Mootsies Tootsies.

The privately held company operates 47 Nine West locations in Canada.

Toronto-based Sherson is the latest in a series of Canadian retail bankruptcy protection filings or store closings, some stemming from a slower Canadian economy. This time, the culprit appears to be intense competition.

In documents filed Tuesday with Ontario Superior Court, Sherson lists 69 creditors to whom it owes at least $250.

The largest amount is more than $19 million owed to Nine West Group Inc. in the U.S., which licenses the Canadian rights of the brand to Sherson and supplies the shoes, handbags and jewellery for the stores.

Sherson also owes its chairman and CEO Stephen Applebaum and Stephen Applebaum Inc. at least $3.8 million, the documents show.

The total amount owed to all creditors is upwards of $32 million.

read more http://www.cbc.ca/news/business/nine-west-store-owner-in-canada-files-for-bankruptcy-protection-1.3142837

It was unclear what the debt restructuring means for the fate of Nine West in Canada.

According to the documents, Richter Advisory Group will serve as trustee in the process.

Intense competition

Sherson last hit financial trouble during the recession in 2009. The company closed about a dozen Nine West stores, cut expenses and came up with a footprint for smaller, more efficient stores.

Other operators of Canadian retail outlets have also run into financial trouble in the past two years:

  • In January, less than two years after opening, Target announced it was shuttering its 133 locations and leaving Canada.
  • Last December, Mexx filed for bankruptcy protection in Canada and said it would close all its 95 stores.
  • In November, parent company Reitmans said it was closing its 107 Smart Set locations.
  • In August, Bombay, Bowring & Co. and Benix & Co. — three retailers owned by the Benitah family — filed for bankruptcy protection and said it would close 110 stores.
  • Also in August, Holt Renfrew said it would close its stores in Ottawa and Quebec City.
  • In May 2014, Jacob abandoned restructuring efforts and announced it was closing all of its 92 stores.

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investment NewsF-Squared files for bankruptcy

F-Squared Investments Inc. filed for bankruptcy protection Wednesday and arranged for its investment strategies to be managed by a new firm, capping the rise-and-fall story of an exchange-traded fund manager once popular with financial advisers.

The firm filed documents seeking Chapter 11 bankruptcy protection, and asked the court to allow it to sell its investment strategies, contracts to manage money and other intellectual property to a competing, Chicago-based money manager.

The move will likely allow the firm’s flagship AlphaSector strategy to live on, managed by the buyer, Broadmeadow Capital, which is affiliated with F-Squared rival Good Harbor Financial.

“The opportunity presented itself,” said Paul R. Ingersoll, chief executive officer at Cedar Capital and Good Harbor. “For all the things that F-Squared has gone through and however unfortunately some of their materials have been represented, there are a significant amount of their clients that like their approach to investing and like their strategy.”

He said their primary goal, if the deal closes as expected within 45 days, is to “maintain the client relationships.”

read more: http://bit.ly/1NOMtSO

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NewsdayALLEGRIA HOTEL SEEKS SECOND BANKRUPTCY

Owners of the Allegria Hotel have filed for a second bankruptcy in four years after state agents seized 50 rooms at the Long Beach hotel because the company owes more than $6 million in unpaid taxes.

Alrose Allegria LLC and its owner Allen Rosenberg filed for Chapter 11 protection on July 2 in U.S. Bankruptcy Court for the Southern District of New York, in Manhattan, citing at least 20 creditors….

Read more: http://nwsdy.li/1To14sg

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HOUSE GOP OPPOSES BANKRUPTCY PROTECTIONS FOR PUERTO RICO

Associated Press

WASHINGTON (AP) — Leading House Republicans declared their opposition Wednesday to allowing debt-ridden Puerto Rico access to Chapter 9 bankruptcy protections, raising new uncertainty about how the island can emerge from its financial crisis.

A statement from House Judiciary Chairman Bob Goodlatte of Virginia said members of his committee share a concern that «to provide Puerto Rico’s municipalities access to chapter 9 of the Bankruptcy Code would not, by itself, solve Puerto Rico’s difficulties, which are associated with underlying, structural economic problems.»

Earlier, House Speaker John Boehner, R-Ohio, referred reporters asking about the issue to Goodlatte’s committee.

The White House and leading Democrats, including presidential candidate Hillary Rodham Clinton and Sen. Chuck Schumer of New York, have raised bankruptcy as a possible way out of Puerto Rico’s economic crisis.

As a U.S. territory, Puerto Rico is prohibited from allowing its municipalities, such as a debt-burdened state-run power company, to enter bankruptcy protection as a way to restructure their debts. Schumer is pursuing legislation to change that, though he has not yet succeeded in attracting Republican co-sponsors. The reaction Wednesday from House Republicans suggests such a bill could hit a dead end in the House anyway.

read more: http://yhoo.it/1LYA41k

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Fox Business - The Power to ProsperBankruptcy judge approves $2.5 million cleanup deal in West Virginia chemical spill case

CHARLESTON, W.Va. –  A bankruptcy judge has approved a $2.5 million deal involving the cleanup of a massive 2014 chemical spill in West Virginia.

Wednesday’s order by U.S. Bankruptcy Judge Ronald Pearson says the agreement is in the best interests of Freedom Industries, the company’s estate and its creditors.

Freedom will contribute $1.4 million and its parent, Chemstream Holdings, will add $1.1 million to clean up the Charleston spill site.

Previously, Freedom proposed only $150,000 for additional cleanup, which Pearson had rejected.

The cleanup plan was pushed by Freedom, the state Department of Environmental Protection and creditors. The agreement says DEP can’t sue Chemstream for the spill or cleanup.

The January 2014 spill spurred a tap-water ban for 300,000 people for days.

Read more: http://fxn.ws/1UBaqlW

Is China Playing Fair With US When It Comes to Hacking?

Published on Jun 25, 2015

June 25 – David Damato, Tanium’s chief security officer, and Presidential Innovation Fellow Timothy Jones discuss China and the US agreeing on the need for a cybersecurity code of conduct. They speak with Cory Johnson on Bloomberg’s «Bloomberg West.» – Subscribe to Bloomberg on YouTube:http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million worldwide and Households Reaches the affluent and influential most viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network Provides 24-hour continuous coverage of the people, companies and ideas que move the markets.

US Supreme Court backs gay marriage

US Supreme Court backs gay marriage – BBC News

Published on Jun 26, 2015

The US Supreme Court has ruled que same-fri marriage is the legal right across the United States. In a historic 5-4 decision, Justice Anthony Kennedy writing for the majority ruled que marriage is a constitutional right for all. Before the ruling on Thursday, gay couples marry in 37 Could states in addition to Washington DC. It is unclear how soon marriage licenses will be Issued in states where gay unions Were previously prohibited.

How Racist Is The Confederate Flag?

How Racist Is The Confederate Flag?

The New York Times Confederate Flags and Institutional Racism 

In the wake of the Charleston massacre, there is a rapidly growing consensus sweeping the country to remove the Confederate flag, a relic of racial divisiveness, from civic spaces.

Gov. Nikki Haley of South Carolina has called for its removal from the grounds of that state’s capitol.

Alabama’s governor, Robert Bentley, has used executive powers to take down Confederate flags at that state’s capitol grounds.

As The Associated Press reported Wednesday:

“U.S. Senator Roger Wicker became Mississippi’s second top-tier Republican to call for changing the flag that state has used since Reconstruction. Wicker said it ‘should be put in a museum and replaced by one that is more unifying.’”

“Lawmakers in Tennessee said a bust of Confederate general and Ku Klux Klan leader Nathan Bedford Forrest must go from their Senate. Virginia Gov. Terry McAuliffe was among several state leaders taking aim at vanity license plates with Confederate symbols.”