Wednesday, March 14, 2012

Club kits out tournament team

CARMARTHEN Town AFC has answered a cry for help from the newly-formed Wales Football-Tennis Association.

Town AFC club shop administrator Celia Kirkby explained: "Therequest for help arrived by email at Carmarthen Town's online shop."Futnet is played with a football over a tennis net by teams of oneto eight players.

"They are running a tournament for unemployed adults andunderprivileged youngsters …

Commerce Bank Founder to Retire

MOUNT LAUREL, N.J. - The maverick founder of Commerce Bank NA, a New Jersey bank that has grown into a powerhouse on the East Coast, is retiring as the bank resolves a probe by federal banking regulators.

In a surprise announcement Friday, the company said Vernon W. Hill II had resigned from the bank and would retire from its holding company, Commerce Bancorp, on July 31.

Commerce also announced that it had entered into an agreement with the Comptroller of the Currency to stop doing business with companies owned by its executives and their relatives.

A person close to the situation said regulators had pressured the bank's board to seek Hill's resignation because …

Fla. police say men called 911 after bad drug deal

Authorities said two men called 911 after they were robbed at gunpoint while trying to buy 20 pounds of marijuana. The Volusia County Sheriff's Office reported that the men went to a home Monday with $12,000 to buy the drugs. Two men at the home jumped them, took their money and drove off. A report said the victims jumped in their own vehicle to follow and one of them called 911 for help.

The other vehicle got away, but deputies …

Winfield F. Hentschel, Purdue Foundation Official

Winfield F. Hentschel, 68, a Chicago native who was vicepresident and treasurer emeritus of the Purdue University ResearchFoundation, died Friday in Home Hospital, Lafayette, Ind.

Mr. Hentschel received emeritus status when he retired in Juneof 1989. He had served as vice president and treasurer since 1970.Incorporated in 1930, the foundation supports research and scholarlyactivities through real estate and other investments. It alsooperates as a nonprofit fund-raising enterprise.

He became treasurer in 1960. At that post, he was instrumentalin the development and subsequent growth at the Purdue Research Park,a school commercial venture in West Lafayette.

Manila officials, police face hostage crisis raps

MANILA, Philippines (AP) — The Philippine justice chief said Thursday she'll recommend criminal and administrative charges against about 10 officials, police officers and journalists over last month's killing of eight Hong Kong tourists in a botched hostage rescue that outraged China.

Justice Secretary Leila de Lima said the identities of those to be charged, details on the charges and other information about the Aug. 23 standoff in which the hostage-taker, a fired policeman, also died, will be included in a report to be submitted to President Benigno Aquino III on Friday.

The Philippine authorities' bungled handling of the standoff, which was beamed for hours on live TV, …

Button wins Australian GP

Jenson Button won the Formula One season-opening Australian Grand Prix on Sunday, beating his teammate Rubens Barrichello and giving Brawn GP a 1-2 finish in its debut race.

Button led from start to finish, with the race finishing under safety car conditions following a late accident.

Barrichello recovered after being slow off the start, while Toyota's Jarno Trulli performed impressively after starting from pit lane, finishing third.

It was the first time since 1977 that a team had won its debut F1 race, and the third time that a team had finished first and second at its first attempt. Alfa Romeo did it in the first ever grand prix in Britain in 1950, and Mercedes did it at the French GP in 1954.

It was only the second GP win for Button, who is in his 10th year of F1.

The win capped a remarkable turnaround for the former Honda team which was at real risk of extinction in the offseason when the Japanese automaker pulled out of F1. Team principal Ross Brawn took over the team, which has benefitted greatly from 2009 development spending by its former owner last year.

"This is a fairytale ending for the first race," Button said. "Some people may say its a pity the race finished under the safety car but I don't care, I won the race and that's all I care about."

Further boosting Brawn GP spirits was the knowledge that the past three winners of the Australian GP went on to win the championship.

Red Bull's Sebastian Vettel and BMW's Robert Kubica collided while running second and third with only four laps to go, ending their races and bringing out the safety car.

Reigning champion Lewis Hamilton was fourth for McLaren after starting 18th on the grid, finishing ahead of Toyota's Timo Glock, Renault's Fernando Alonso, Nico Rosberg of Williams and Red Bull's Sebastien Buemi, who got one point in his first grand prix.

For the second year running, Ferrari finished without a point in the season opener. Felipe Massa was running in third place before sustaining a steering failure on lap 45, three laps after Kimi Raikkonen spun out.

There was a crash at the first corner that ended the race for McLaren's Heikki Kovalainen, and forced BMW's Nick Heidfeld, Red Bull's Mark Webber and Force India's Adrian Sutil to immediately pit, effectively ending their chances.

GM talks extending to Spain, Britain, others

GM Europe is negotiating with Spain, Britain and other European governments beyond Germany to get the euro3.3 billion($4.2 billion) they say they need to keep operating, General Motors officials said Tuesday at the Geneva Auto Show.

GM's German-based Adam Opel GmbH unit has been in talks with the German government for financial support, but the GM officials made clear that the company wants to merge its European operations into a single entity in order to take the cash infusion they need to keep going.

Among GM Europe's subsidiaries are Germany's Adam Opel GmbH, Britain's Vauxhall, and Sweden-based Saab, which has been placed in bankruptcy protection.

"We are talking to governments outside of Germany. Obviously it started in Germany. We have half of our employment in Germany, most engineering capacity is in Germany. We have approached other governments," GM Europe president Carl-Peter Forster told reporters on the sidelines of the annual motor show.

Forster said GM Europe has been in talks with Spanish authorities, who have committed to euro200 million in loan guarantees, and received "positive signals" from British officials. He said there were talks with other governments as well, but did not name them.

The German government has said it won't be rushed into a commitment, and has ask for further details.

General Motors chief operating officer Fritz Henderson said that part of the process to get its European operations back on its feet will be creating a European entity.

"An investment in Opel Germany doesn't make sense. We need to create a European entity ... It will take some plumbing work. It's not terribly difficult," Henderson said. "Our business needs to be looked at as a European business."

Forster said they need to achieve cuts of $1.2 billion (euro1 billion) as part of the plan it is presenting to governments. That could be most easily achieved by closing three factories, Forster said, noting that capacity utilization was running 30 percent below normal levels.

"It could be by far the best solution to just close plants. Our labor representatives have asked us to consider other measures," Forster said. They include voluntary resignations, salary cuts and work reductions.

"But make no illusions," Forster said. "It is not easy to get to $1.2 billion that we need to achieve. This is a lot of money we need to save to get our business viable."

Forster said GM Europe is convinced that with governments' help it can return to profitability by the end of 2011, assuming success of the new product line, which includes a range of models low on carbon emissions as well as the new Opel Ampera, an electric vehicle with an extended range from a gas powered engine.

But if the money is not forthcoming, GM Europe operations' risks failure in the second quarter, Henderson said.

"Use your imagination. We would become insolvent at that time. That's what would happen if we run out of cash," Henderson said.

That could cost 200,000 to 300,000 jobs between Opel workers and related suppliers and dealers, according to Forster.