Centre looking at options to make Air India profitable Jayant Sinha

first_imgMinister of State for Civil Aviation, Jayant Sinha has said that the government is looking at ‘alternatives’ available to make Air India and other public sector units more competitive and profitable.“Our objective is to transform the public sector carrier to a great global airline and we are doing whatever possible in this regard,” the Minister said. He stated that the government was studying alternatives to strengthen the public sector units, including Air India and make them ‘competitive and profitable’. He said that during the last three years, the government has made efforts to optimise route network based on viability and was viewing the new routes such as Washington DC, Copenhagen and Ranchi-Kolkata as profitable.“We have made efforts to optimise route network on favourable routes with an intention to make the airline more competitive and profitable. The Air India also procured new aircraft to achieve the goal,” said Sinha .Union Finance Minister, Arun Jaitley and his Civil Aviation counterpart Ashok Gajapathi Raju discussed the future course for Air India, with senior officials indicating that a decision on privatisation will be taken within three months. Sinha appreciated the initiatives taken by the government, stating that its efforts had resulted in Air India to make Rs 105 crore operating profit last year.last_img read more

REMAX Depressed Inventory Stifles Sales Boosts Prices in September

first_img Share Agents & Brokers Attorneys & Title Companies Home Prices Home Sales Investors Lenders & Servicers Processing RE/MAX Service Providers 2012-10-17 Esther Cho in Data, Government, Origination, Secondary Market, Servicing October 17, 2012 429 Views center_img The median sales price for homes sold in September continued to move higher yearly and monthly while sales stalled from August, according to a housing report from “”RE/MAX””:http://www.remax.com/, which tracks MLS data in 52 metropolitan areas. [IMAGE]The median sales price in September was $164,989, a slight 0.7 percent increase from August and a 7.8 percent improvement from September 2011. So far, prices have been rising yearly for eight straight months. Out of the 52 metros surveyed, 44 saw yearly price gains. The metros with the most significant increases included Phoenix (33.3 percent), Miami (23.1 percent), Atlanta (23 percent), San Francisco (22.7 percent), and Detroit (20 percent). September experienced a typical seasonal drop in home sales, with sales falling 17.5 percent from August. The report explained sales were also challenged by shrinking inventory. Despite the monthly decline, home sales still managed to stay 0.5 percent higher than last year’s figure. Metro areas where year-over-year sales were strong included Albuquerque (40.9 percent), Chicago (24.1 percent), Raleigh-Durham (22.1 percent), Providence (22.1 percent), and Nashville (21 percent). Inventory declined on a monthly and yearly basis, falling 5.3 percent and 29.1 percent, respectively. The month-over-month drop is the 27th consecutive month inventory has declined. While a decline in inventory is helping prices to rise, its impact is still negative for sales. The average months supply of inventory in September stood at 5.5, about two months lower than last year’s 7.7 months. Metro areas with very low months supply include San Francisco (1.3 months), Los Angeles ( 1.7 months), Orlando ( 2.6 months), Denver (2.6 months) and Washington, D.C. (2.8 months). “”Although we still face some serious obstacles in tight lending and shrinking inventory, we believe that the housing market will continue to recover into 2013,”” said Margaret Kelly, CEO of RE/MAX. RE/MAX also reported the average number of days on the market was 81 in September, unchanged from the previous month, but a decrease from 94 days last year. RE/MAX: Depressed Inventory Stifles Sales, Boosts Prices in Septemberlast_img read more

Vericrest Announces Agreement for 27B in Servicing Rights

first_img November 29, 2012 421 Views Vericrest Announces Agreement for $2.7B in Servicing Rights “”Vericrest Financial, Inc.,””:https://www.vericrestfinancial.com/NoAuth/Default.aspx?ReturnUrl=%2fAccountInfo.aspx announced it will acquire about $2.7 billion in mortgage servicing rights (MSRs). On Tuesday, the company stated it signed two definitive agreements for the MSRs without revealing the name of the companies involved. One transaction closed November 16, with the second expected to close on December 1. “”The acquisition of these MSRs will help to enhance Vericrest’s position as a premier mortgage servicer with extensive national reach,”” said Vericrest CEO David Schneider in a statement. “”Combined with our innovative service offerings and state-of-the-art platforms, the increased scale we will achieve through these transactions will support our growth strategy and allow us to deliver best-in-class solutions to a broader client base.”” Vericrest is a financial services that specializes in servicing residential mortgage loans across the country. The company has locations in Texas, Oklahoma, and California. in Data, Government, Origination, Secondary Market, Servicingcenter_img Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Mortgage Servicing Rights Processing Service Providers 2012-11-29 Esther Cho Sharelast_img read more

Fed Report Regulatory Reform Coming in Slow Measures

first_img Share The last few weeks have seen a “”deluge””:https://themreport.com/articles/cfpb-releases-qualified-mortgage-criteria-establishes-legal-protections-2013-01-10 of “”new rules””:https://themreport.com/articles/cfpb-announces-rules-to-reform-originator-compensation-2013-01-18 from the “”Consumer Financial Protection Bureau””:http://www.consumerfinance.gov/ (CFPB) and other “”regulatory agencies””:https://themreport.com/articles/regulators-unveil-appraisal-rules-for-lenders-2013-01-18, but a “”new report””:http://www.gao.gov/assets/660/651401.pdf from the “”U.S. Government Accountability Office””:http://www.gao.gov/index.html (GAO) says the reform process is still coming along slowly.[IMAGE]As of the end of 2012, GAO estimates regulators have issued rules for approximately 48 percent of the Dodd-Frank provisions that call for them. Most of the effective deadlines for those rules have not yet been reached, the agency says.Of the remaining Dodd-Frank provisions, GAO says regulators have proposed rules for about 29 percent, while the remaining 23 percent have yet to be addressed.According to the report, the biggest obstacle standing in the way of new rulemaking and implementation is the sheer number and complexity of issues discussed in Dodd-Frank. Adding to the difficulty is the fact that many [COLUMN_BREAK]rules are interconnected, requiring a level of coordination between agencies that can often delay their procedures.Regulators have also prioritized responsiveness over timeliness when it comes to finalizing the reforms.””For example, to implement the act’s ban on proprietary trading–trading activities conducted by financial institutions for their own accounts as opposed to those of their clients–the regulators issued draft rules that contained over 750 questions for the public’s input and spurred over 19,000 comment letters,”” the report notes.Furthermore, the effectiveness of those reforms that actually have been implemented has yet to be seen, GAO says. The agency offers as an example the requirement that certain institutions create and submit “”living wills”” to promote a rapid and orderly resolution in case of bankruptcy. While many financial firms have submitted their resolution plans, the effectiveness of these provisions can’t be known until the first large failure.In addition, GAO says a number of other concerns still exist, including continued federal overexposure to Fannie Mae and Freddie Mac as they operate under conservatorship. Until the GSEs’ status is resolved, the report notes, “”these entities continue to represent financial exposures for the federal government, a risk to taxpayers, and an impediment to the transition to a housing market that functions effectively without the current level of substantial federal support.””Although the GSEs’ conservator, the Federal Housing Finance Agency (FHFA), has put out proposals to change their procedures and encourage private market participation, no definitive plan has yet been developed. Agents & Brokers Attorneys & Title Companies Dodd-Frank Fannie Mae FHFA Freddie Mac GAO Investors Lenders & Servicers Processing Regulation Service Providers 2013-01-25 Tory Barringer in Data, Government, Origination, Secondary Market, Servicingcenter_img January 25, 2013 463 Views Fed Report: Regulatory Reform Coming in Slow Measureslast_img read more

Housing Markets Continue to Show Stability

first_img Share in Daily Dose, Data, Government, Headlines, Market Studies, News September 23, 2015 498 Views Freddie Mac Healthy Housing Market mortgage Multi-Indicator Market Index 2015-09-23 Staff Writercenter_img As more consumers catch up on their mortgage payments, employment progresses, and home prices rebound, the housing market continues to improve and exhibit more stability.Freddie Mac’s Multi-Indicator Market Index (MiMi) released Wednesday showed stabilization among the U.S. housing market, adding Rhode Island and four other metros (Philadelphia and Harrisburg, Pennsylvania; Phoenix, Arizona; and Albany, New York) to the outer range of stable housing activity.The report indicated that the national MiMi value as of July 2015 reached 81, meaning that the market is on its outer range of stable housing activity.This is an increase of 0.93 percent from June to July and a three-month improvement of 2.99 percent, Freddie Mac  said. The MiMi value has improved 6.17 percent from last July and has also rebounded 37 percent from the all-time low in October 2010, but is still under the high of 121.7.”Nationally, all MiMi indicators are heading in the right direction for the second consecutive month and improving more than 6 percent from the same time last year,” said Len Kiefer, Freddie Mac’s deputy chief economist.The key drivers of the positive MiMi value were the current on mortgage indicator (83.2 points) and the employment indicator (102.2 points), both fell in range and increased 0.59 percent and 0.50 percent, respectively.The purchase applications indicator fell at 66 points in a weak position, but increased 1.32 percent from last month. The payment-to-income indicator also came in weak at 72.4 points, but also rose 1.59 percent from last month.A total of 29 of the 50 states including the District of Columbia had MiMi values in the stable range, with the District of Columbia (103), North Dakota (97), Montana (93.7), Hawaii (93.5), and California and Utah tied at (90) occupying the top five spots. Meanwhile, 46 of the 100 metro areas have MiMi values that are stable, with Fresno (98.9), Austin (96.4), Honolulu (94.1), and Salt Lake City and Los Angeles tied at (92.9) occupying the top five spots.Florida was the most improved state month-over-month (2.00 percent) and year-over-year (14.35 percent), Freddie Mac reported.”Florida has some of the most improving housing markets in the country, largely a reflection of more borrowers becoming current on their mortgage payments as the local employment picture improves and house prices rebound,” Kiefer said.He added, “The one area of the country that has been slow to respond has been the Northeast. However, we’ve started to see these housing markets turn around, especially in Pennsylvania, Connecticut, New Hampshire, Vermont and Maine. While many of the locals markets in the Northeast are still weak, they’re steadily trending in the right direction and their pace of improvement is accelerating. Overall, the West remains especially strong, with many markets posting double-digit growth in their MiMi purchase applications indicator compared to a year ago and helping to keep the country on pace for the best year of home sales since 2007.”Click here to view Freddie Mac’s Multi-Indicator Market Index. Housing Markets Continue to Show Stabilitylast_img read more

Relief for Homeowners with Negative Equity is Coming

first_imgRelief for Homeowners with Negative Equity is Coming If growth in housing prices continue to rise as in 2016, nearly 40 percent of homeowners who purchased a home during the height of the housing bubble could be safely above water by the end of 2017, as stated in the latest Clear Capital Home Data Index (HDI) Market Report.“National price growth is predicted to moderate in 2017 with annual growth projections in the 2 to 3 percent range,” the report said. “The number of homes reaching all-time high prices continues to grow, even as some markets have decreasing prices.”One West coast city reported negative numbers for the second consecutive month. The San Jose metro area is once again reporting negative quarterly prices this month since initially turning downward in December 2016. In January, prices in this formerly booming housing market have fallen 0.3 percent during the last quarter.In addition, the Hartford, Connecticut, metro area is also experiencing negative quarterly price growth, where home prices have fallen by 0.3 percent since fall.Despite these two markets, others are growing at impressive rates. Portland is currently the nation’s fastest growing market and has been steadily growing around the 2 percent quarter-over-quarter mark since last fall. In total, eight major metro markets are growing at 1.5 percent quarter-over-quarter or higher, compared to only three metro areas above this mark this time last year.  Other cities experiencing growth include San Antonio, Tampa, and Detroit.Continued, long-term price growth has pushed several MSAs to all-time price highs, and the Clear Capital HDI now indicates that 16 out of the nation’s top 50 largest metropolitan housing markets have surpassed the peak prices of the housing bubble.Outside of these major markets, dozens of other micro markets are selling at all-time high prices. These record-breaking major metro and micro markets account for approximately a third of the total national housing stock.“Following several rounds of healthy, peak-season summer growth, winter gains thus far this season have remained relatively healthy across much of the country,” states Alex Villacorta, VP of Research and Analytics at Clear Capital. “As prices have continued to climb in the long term during the post-housing crash, the large portion of the housing market that has been frozen in negative equity has shrunk significantly.  This means that an increasingly large portion of previously underwater homeowners may now have the option of entering the market. While the expected spring housing boost is still months away, an influx of fresh new demand on the market could further boost growth potential later this year as long as there are no other shocks to the market.” in Headlines, News, Origination Clear Capital Negative Equity 2017-02-14 Mirasha Browncenter_img Share February 14, 2017 642 Views last_img read more

How Millennial Lifestyles Impact Homeownership

first_img Share The homeownership rate is not living up to its full potential, or so says the First American Homeownership Progress Index, released on Monday. Demand for owning a home grew one percent over the year in 2017, according to the index. However, “the actual homeownership rate underperformed potential demand by almost 9 percent,” said Mark Fleming, Chief Economist at First American.To examine the cause of this mismatch, First American reviewed “critical lifestyle, societal and economic trends that influence the likelihood of renting or owning a home,” Fleming explained. The current gap in potential demand versus actual demand can largely be attributed to lifestyle trends among young Americans. The millennial generation is pursuing higher education in larger numbers than previous generations and is delaying getting married and having children. All of these factors impact a person’s likelihood of owning a home, according to the report. “Homeownership is strongly correlated with marriage, and millennials are getting married later than earlier generations,” Fleming said. In fact, the rate is 30 percent higher among married couples than other types of households. Fleming pointed out that the median age for men and women entering a first marriage was about seven years more in 2016 than in 1960. Similarly, the rate is higher among households with children, although the difference is not as drastic. The homeownership rate is 5.4 percent higher for households with two children than for households with no children. It jumps another percentage higher for households with three or more children. However, millennials are doing something that correlates strongly with owning a home, and that’s pursuing education. “While important lifestyle decisions, such as marriage or owning a home, appear to take place later in life for millennials, they are getting educated in unprecedented numbers,” Fleming said. “As educational attainment levels increase, we can expect homeownership rates to eventually grow as well.” Not only is there a correlation between education and homeownership, but it has grown over time. “The impact of education in relation to homeownership has nearly doubled in 10 years,” Fleming said. The difference in homeownership rate between those with a college degree and those with no high school diploma was 11 percent in 1997. In 2017, the difference was 20.5 percent. Fleming suggested, “it is reasonable to expect homeownership rates to grow as millennials continue to make important decisions, including attaining an education and, later in life, getting married and buying a home.”“However,” he added, “the question remains: as millions of millennials look to purchase their first homes, will the housing market provide enough homes for them?” First American pointed out the states with the most growth in potential homeownership demand in 2017 were Indiana (2.6 percent), Oklahoma (2.4 percent), Georgia (2.4 percent), South Carolina (2.2 percent), and Arizona (1.9 percent). A few states experienced declines in potential homeownership demand in 2017, including Nebraska (-1.3 percent), Alaska (-0.8 percent), and Minnesota (-0.11 percent). How Millennial Lifestyles Impact Homeownership First American Homebuyers homeowners Homeownership homes HOUSING Millennials 2018-07-09 Radhika Ojhacenter_img in Daily Dose, Data, Featured, News July 9, 2018 760 Views last_img read more

The news of the Tesco Carrefour alliance comes sho

first_imgThe news of the Tesco Carrefour alliance comes shortly after Sainsbury’s £12 billion (US$15.5 billion) mega merger with Asda, aimed at creating a powerhouse with exceptional buying power, and ultimately lower prices. The two retailers openly have stated that suppliers will need to bring down the price of everyday products because of  the merger. However, this deal has become largely controversial with The Competitions and Market Authority reviewing the case and beginning an inquiry and invitation to comment, giving interested third parties, such as suppliers, the chance to submit their views and concerns on the deal.The Sainsbury’s Asda merger follows a similar arrangement between French chains Casino, Auchan and Schieve, as well as Germany’s Metro. Tesco’s 2018 strategy:Despite the fact that Aldi and Lidl are crowned as the UK’s fastest growing supermarket, in terms of market share Tesco is still holding its place as No. 1. With a current market share of 27.1 per cent, according to Kantar Worldpanel’s latest grocery market share report, Tesco has experienced particularly strong growth from its extra superstores. The varied selection of groceries on offer at these larger stores has encouraged customers to return to fuller trolley shops, with average baskets worth £31.09 – currently, the highest value in the bricks-and-mortar market.Its standing power at the top of the chain is also attributed to several bold moves already enforced this year by the UK retailer. These include its £3.7bn takeover of wholesaler Booker, the United Kingdom’s largest food wholesale operator, offering branded and private-label goods to more than 400,000 customers, including independent convenience stores, grocers, pubs, and restaurants.The UK supermarket is also rumoured as imminently launching the budget supermarket chain Jack’s, with around 60 existing stores slated to be transformed into the low-price supermarket.Finally, earlier this year Tesco announced the closure of Tesco Direct, its digital non-grocery business arm, which is a direct rival to Amazon. French regulators look into the Tesco-Carrefour relationshipIn an environment of fierce price wars in France, distributors have multiplied alliances in recent years to better negotiate their purchase prices, strengthen their competitiveness and preserve their margins. France’s national competition regulator, L’Autorité de la concurrence (Competition Authority) is investigating the new Tesco-Carrefour deal. “The Authority has decided to reinforce its investigations into these purchases in order to evaluate the competitive impact of these reconciliations on the relevant markets, both upstream for the suppliers, and on the downstream for consumers,” says the institution, in a statement. Other mergers include Casino, which has previously allied with Intermarché, now turning to Auchan for a global merger, while Système U, a former Auchan ally, has joined forces with Carrefour for five years, allowing it to become a leader in purchases in France. L’Autorité de la concurrence is thus investigating alliances between France’s Auchan, Casino, Schiever, and Germany’s Metro, and Carrefour and Systeme U. From the pages of Produce Business UKIt’s official. Tesco and Carrefour have joined forces, entering into a formal long-term, strategic alliance that is slated to become operational in October. In an official release from Tesco, the alliance is said to cover the strategic relationship with global suppliers, the joint purchasing of own brand products and goods not for resale. Amid tough competition in the produce sector, the partnership has been strategically formed to reduce the cost of their supply by strengthening key relationships with global suppliers.This ultimately will give both Tesco and Carrefour exclusive leveraging power to bring product quality, selection and ultimately lower price points to its customers. Each of the two companies is said to continue to work with supplier partners at both a local and also a national level. “This strategic alliance between Carrefour and Tesco is a major agreement as it combines the purchasing expertise of two world leaders, complementary in their geographies, with common strategies,” says Alexandre Bompard, Chairman and CEO of Carrefour Group. “This agreement is a great opportunity to develop our two brands at the service of our customers. This international alliance further strengthens Carrefour,  allowing it to reach a key milestone in the implementation of its strategy.”The two retailers first announced the partnership in July, stating that it aimed to improve the quality and choice of products available to its customers. One month later, they have made the deal official. The agreement will start as a three-year operational framework, effective October 2018. Cutting prices for customers Aldi and Lidl are the two leading discount retail stores in the world. They have masterminded buying power with suppliers and exceptionally well-planned logistical operations around the world. The result: unbeatable price points.Other retailers, including the Big Four — Tesco, Asda, Sainsbury’s and Morrisons — have tried to keep up. Struggling to match the Aldi and Lidl domination has resulted in huge market share loss, as well as customer loyalty for retailers such as Carrefour and Tesco. This latest partnership aims to shake things up, bringing both retailers back into a strong competitive edge. Trend in supermarket mergers You might also be interested in South Africa: Jupiter Group upgrades practices, fa … India: Maharashtra grape growers to organize marke … center_img August 09 , 2018 EU’s citrus production set to rise 8% over last ye … Austrian parliament votes to ban cancer-linked wee …last_img read more

Escape TravelVanuatu

first_imgEscape TravelVanuatu Escape Travel is offering a Vanuatu getaway, including airfares, at the luxury Poppy’s On the Lagoon, with a saving of 38% valid for sale until 25 May 2017. The limited offer, priced from $1099* per person, includes return airfares, five nights accommodation with free room upgrade, breakfast daily, one hour massage, romantic dinner for two and more. 2017 travel dates vary depending on departure city.Poppy’s is set on Erakor Lagoon, with private beach access, three outdoor swimming pools plus adults-only zone and pool.*Prices are subject to change and availability at the time of bookinglast_img read more

Dbacks president Derrick Hall Franchise still f

first_img D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ What an MLB source said about the D-backs’ trade haul for Greinke The Cardinals made sure to bring Ware back, signing the free agent in the wake of Adrian Wilson’s biceps injury, suffered Saturday.A veteran of seven NFL seasons, Ware has found a niche with the Cardinals as a backup safety, a role the Cardinals would likely want him to fill again this season.Whatever he ends up doing for the Cardinals, things will be a little different this time around for the 28-year-old, as new defensive coordinator Ray Horton is instituting a few changes.Ware is a fan.“It’s definitely an attack defense,” he said. “Watching the film from Saturday’s scrimmage, just saw guys flying around and having a lot of fun.”For his career Ware has tallied 115 tackles and one interception.ArizonaSports.com’s Kyndra de St. Aubin contributed to this report 0 Comments   Share   Matt Ware is comfortable with the Arizona Cardinals.The safety has spent the last five years of his career with the team, making the decision to come back a fairly easy one.“Obviously I know the staff, I know a lot of the guys that are here,” he told reporters at Cardinals training camp Monday. Then again, Ware added that he’s not trying to be comfortable right now, that it’s all about taking advantage of the opportunity he’s been given. center_img Cardinals expect improving Murphy to contribute right away Nevada officials reach out to D-backs on potential relocation Top Stories last_img read more

Top Stories

first_img Top Stories The NFC West is generally viewed as the NFL’s premier division.It features the Seattle Seahawks, who have represented the NFC in the last two Super Bowls (winning one), the San Francisco 49ers, who were in the Super Bowl just two years ago, the St. Louis Rams, who have well-respected coach Jeff Fisher leading the way, and the Cardinals, who won 11 games last season while dealing with a plethora of injuries. The Cardinals, we know, have been fairly active in free agency. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling But what about their division rivals? Here’s a look at what they’ve done.Seattle Seahawks:Key losses: CB Byron Maxwell (to Philadelphia), OL Max Unger (to New Orleans), OL James Carpenter (to New York Jets), LB Malcolm Smith (to Oakland)Key additions: TE Jimmy Graham (from New Orleans), CB Cary Williams (from Philadelphia)Seattle made arguably the biggest splash this offseason by acquiring tight end Jimmy Graham in a trade with New Orleans in exchange for center Max Unger. In Graham, the Seahawks receive a major upgrade in offensive weapons at quarterback Russell Wilson’s disposal, as the former Saints tight end is one of the league’s biggest matchup nightmares. The loss of Byron Maxwell stings a bit, but Seattle did well replacing him with a big, physical corner in Cary Williams.San Francisco 49ers:Key losses: LB Patrick Willis (retirement), DL Justin Smith (retirement), OL Mike Iupati (to Arizona), RB Frank Gore (to Indianapolis), CB Chris Culliver (to Washington), WR Michael Crabtree (currently unsigned), HC Jim Harbaugh (to University of Michigan)Key additions: WR Torrey Smith (from Baltimore), DL Darnell Dockett (from Arizona)There may not be a bigger offseason loser than the 49ers. Not only did they lose former All-Pros Patrick Willis and Justin Smith to surprise retirements, but they will also move forward without the services of key contributors such as Mike Iupati and Frank Gore. The addition of Torrey Smith from Baltimore is an upgrade over Crabtree, and the signing of Dockett helps offset the loss of Justin Smith, but there’s no question the Niners have slipped a bit when it comes to assessing the NFC West pecking order. Former Cardinals kicker Phil Dawson retires Comments   Share   St. Louis Rams:Key losses: QB Sam Bradford (to Philadelphia), OL Jake Long (released)Key additions: QB Nick Foles (from Philadelphia), DL Nick Fairley (from Detroit)Next to the trade that sent Jimmy Graham to Seattle, the deal between St. Louis and Philadelphia that saw them swap quarterbacks was one of the more intriguing deals so far this offseason. Out is Sam Bradford, who flashed tremendous potential at times, but was all too often injured. In is Nick Foles, who enjoyed a spectacular 2013 campaign before plummeting back to earth in 2014, eventually suffering a season-ending injury of his own. Fairley provides the Rams with added strength up the middle, giving them — on paper — arguably the most formidable defensive line in the league. Grace expects Greinke trade to have emotional impactlast_img read more

TEMPE Ariz — In last weeks NFL Draft the Arizo

first_imgTEMPE, Ariz. — In last week’s NFL Draft, the Arizona Cardinals added one offensive lineman, one defensive lineman, two linebackers, a receiver, a running back and a tight end. One position many thought they would address was cornerback since 2014 starter Antonio Cromartie left to sign with the New York Jets in free agency, leaving Arizona with Patrick Peterson, Jerraud Powers and Justin Bethel as the only corners on the roster with significant experience, with Bethel’s mostly coming on special teams. Former Cardinals kicker Phil Dawson retires But without Cromartie, it’s likely Bethel — a fourth-year pro who has been to the Pro Bowl twice for his work on special teams — will be asked not only to step in, but to step up as well.In January, before Cromartie left for the Jets, Bethel said his plan is to progress as a defensive back and return to the NFL’s All-Star game for his work at that position.While no one is expecting him to reach the Pro Bowl, it’s clear the Cardinals are counting on him to be an impact player in more areas than just special teams. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Comments   Share   Over the course of the three-day event the Cardinals were on the clock seven times, and seven times they declined to address the position.Since then, the Cardinals did add a pair of cornerbacks as undrafted free agents, bringing Adams State’s Cariel Brooks from Adams State and Colorado State-Pueblo’s C.J. Roberts into the mix. Then, Wednesday afternoon, they claimed Alfonzo Dennard off waivers from the New England Patriots.But the message sent by the team not spending one of its draft picks on a cornerback was clear. “Well corner, we’re extremely comfortable,” head coach Bruce Arians said after the draft. “Jerraud Powers played as well, maybe better than Cro the year before. Cro played very well for us last year and allowed us to play JP inside, but I’ve got all the confidence in the world.“I think Justin Bethel is ready to break out and allow JP to go back inside when we go into the nickel. We have so much flexibility there.”Last season Arizona ranked 29th in the NFL against the pass, allowing an average of 260 yards per game. However, they allowed an average QB rating of 86.0, which ranked 11th, and the 22 touchdowns allowed through the air tied them sixth-best in the NFL. Grace expects Greinke trade to have emotional impact Top Stories Derrick Hall satisfied with D-backs’ buying and sellinglast_img read more

TEMPE Ariz — In some ways the Arizona Cardinals

first_img TEMPE, Ariz. — In some ways, the Arizona Cardinals’ wide receiver group should be excellent.There is Larry Fitzgerald, the highly-paid former No. 3 overall pick in 2004 and Michael Floyd, who was the 12th overall selection in the 2012 draft. They are complemented by John Brown, a speedster with great hands who was a third-round pick in 2014, as well as the super-fast J.J. Nelson, a 2015 draft pick. There is also the versatile Jaron Brown and speedy Brittan Golden, each of whom were added as free agents. Goodwin, who is in his third season with the Cardinals after spending time with the Indianapolis Colts, Pittsburgh Steelers and Chicago Bears, added, “We’re just loaded.”However, what makes Arizona’s group different from some others is that, as Goodwin said, it is a humble group.“They all are for the team,” he said.Being all for the team has been beneficial to them all.With help from running backs and tight ends, of course, the Cardinals finished the regular season second in the NFL in passing offense, averaging 289 yards per game. Their quarterbacks posted a rating of 100.9, which was the fifth-best mark in the league, and their average of 8.5 yards per attempt was the best of all 32 teams.There are a number of reasons for that, including the offensive line and the threat of a running game, but there’s really no way to overstate the importance of Arizona’s embarrassment of riches in the passing game.And, maybe, the importance of how the receivers work together and off of each other should not be understated, either.“I like the fact that we’re all very close-knit,” Fitzgerald said. “Guys work extremely hard; we all have different skill-sets and things that we do really well and I think we complement each other really well on the field, and guys are really pulling for each other. “Close to the top, if not the best,” head coach Bruce Arians said of where his team’s receiver depth compares to others he has coached. “We had a couple really good groups in Pittsburgh. We had a great group in Cleveland with Kevin Johnson, Andre’ Davis, Dennis Northcutt and Quincy Morgan. But, the young group in Pittsburgh. There were really two different groups between Santonio (Holmes), Nate Washington and Hines (Ward), and then Mike Wallace, Antonio Brown, Emmanuel Sanders and Hines probably was the most talented, but were still very young when I had them.”Arians’ group in Arizona is a solid mix of veterans and youth.The Cardinals are not the only team with a bevvy of options in the passing game, but they are one of the most difficult to defend. Larry Fitzgerald said, if you ask them, there are seven No. 1-type receivers on the team. While that claim may be a bit outlandish, it also may not be as far from the truth as some may think.“They’re all pretty good,” Cardinals offensive coordinator Harold Goodwin said. “In 12 years, it’s the first group that I can remember being around that any guy could step on the grass and be a top, a one or a two receiver in this league on any other team. And we’ve still got Brittan Golden, whose made some plays in practice [Thursday] that were phenomenal.” Arizona Cardinals wide receiver John Brown (12) celebrates his touchdown with teammate Larry Fitzgerald (11) during the first half of an NFL football game against the New Orleans Saints, Sunday, Sept. 13, 2015, in Glendale, Ariz. (AP Photo/Rick Scuteri) This season, Arizona wideouts combined to catch 249 passes for 3,515 yards and 25 touchdowns, with each providing quarterback Carson Palmer reliable and impactful targets on any given pass play.“Well, it’s just so hard to defend. You don’t know who’s running what route,” Palmer said of the advantage that group gives the Cardinals. “The offense isn’t so much built around what guys do well. Everybody has to do everything pretty well, because you’re going to have to run it more often than not. Sometimes you’re just running it to be a decoy, and sometimes you’re running it and you’re the number one target. So, it’s hard.“Sometimes, Smokey’s (John Brown) inside, he’s outside. Mike’s inside, he’s outside. You just don’t know where the number one read’s going to line up, which side of the ball is it, the strength or the weakness of the formation. Inside is number three. In the middle is number two, or all the way out is number one. It just makes it difficult to prepare and defend. Once the ball snaps, it’s hard to recognize a concept or recognize a scheme and jump a route.”As anyone who has watched the Cardinals this season can tell you, while Fitzgerald and Brown are the team’s leading receivers in terms of receptions, the ball can and will go to anyone running a route. Some plays, it may be those two; others, it will be Floyd, Jaron Brown or one of the other options. Top Stories Derrick Hall satisfied with D-backs’ buying and sellingcenter_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Comments   Share   Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires “This is probably the closest-knit group that I’ve ever had. It’s a really fun group to be in.”last_img read more

Grace expects Greinke trade to have emotional impa

first_img Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires Derrick Hall satisfied with D-backs’ buying and selling Including this game, the Cardinals have now sold out all 104 games that have been played at University of Phoenix Stadium, which opened in time for the 2006 season. Earlier Monday, the team announced musician Flo Rida will be performing at halftime Saturday. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Comments   Share   Top Stories Arizona Cardinals fans cheer during the first half of an NFL football game against the Cincinnati Bengals, Sunday, Nov. 22, 2015, in Glendale, Ariz. (AP Photo/Ross D. Franklin) The Arizona Cardinals and Green Bay Packers will be playing in front of a packed house Saturday at University of Phoenix Stadium in Glendale.The team announced tickets for the game, which went on sale at 10 a.m. Arizona time Monday exclusively to buyers with an Arizona zip code, sold out within the first hour of availability.This will be the second time in the last month the Packers have played in Arizona, and the first game, which Arizona won 38-8, saw a healthy number of Green Bay fans in attendance. It is hoped that by limiting sales to Arizona residents, the stadium will be mostly filled with Cardinals fans.last_img read more

On Tuesday the Arizona Cardinals and star safety

first_img On Tuesday, the Arizona Cardinals and star safety Tyrann Mathieu agreed to a new contract that makes him one of the best-paid safeties in the league.The announcement has been eagerly anticipated by Cardinals fans all season, who were eager to see the team lock Mathieu down for years. The team agreed, with GM Steve Keim saying earlier this summer that one of the goals of the offseason was to sign the Honey Badger to a long-term deal. Arizona Cardinals free safety Tyrann Mathieu (32) celebrates his interception for a touchdown with teammates against the San Francisco 49ers during the first half of an NFL football game against the, Sunday, Sept. 27, 2015, in Glendale, Ariz. (AP Photo/Ross D. Franklin) Blessed….— Tyrann Mathieu (@Mathieu_Era) August 2, 2016Entering his fourth NFL season after being chosen in the third round of the 2013 NFL Draft, Mathieu is coming off an injury-shortened campaign that had him in the running for the NFL Defensive Player of the Year Award until being sidelined in Week 15.In 14 games last season, Mathieu tallied 89 tackles, 16 passes defensed, five interceptions, 11 tackles for loss and a forced fumble. Listed as a safety, he played a lot of cornerback, too.The Cardinals made no secret of their desire to lock up Mathieu, who was set to become a free agent following the 2016 season, to a long-term extension.The only issue, if there was one, was that the 24-year-old has had two of his three NFL seasons cut short due to serious knee injuries. However, both Mathieu and the team are confident he will recover from his latest ailment and return to the form that led to his first Pro Bowl selection in 2015. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo — Kyle (@Ky1eLong) August 2, 2016But Mathieu had the first say over the deal. He sent out a cryptic tweet about 20 minutes before the news of his agreement broke the football internet. Former Cardinals kicker Phil Dawson retires Grace expects Greinke trade to have emotional impact Well deserved , congrats lil bro @Mathieu_Era— Frostee Rucker (@theorganicfrost) August 2, 2016 The #AZCardinals have been clear on this: They wanted to reward Tyrann Mathieu & pay him what he’s worth. He’s a face of their franchise.— Ian Rapoport (@RapSheet) August 2, 2016When the report broke Tuesday, social media immediately lit up with tweets of joy and relief that Mathieu will stay in Cardinals red. Some of his teammates posted messages about the deal. Congrats @Mathieu_Era on the extension. You are a lot of fun to watch. Also one of the best comeback stories in sports! #Savagecenter_img Derrick Hall satisfied with D-backs’ buying and selling Man I’m soo happy for my baby brother @Mathieu_Era he deserves ever penny!!!— Patrick Peterson /P2 (@P2) August 2, 2016 .@Mathieu_Era has a great story! Well earned! Congrats bro! 👊🏿👊🏿👊🏿— Prince Amukamara (@PrinceAmukamara) August 2, 2016 My boy @Mathieu_Era getting what he deserves. 💵💵💵— Justin bethel (@Jbet26) August 2, 2016 Top Stories 0 Comments   Share   “When I say the boy has his own money, I mean the boy has his own MONEY” lol congrats @Mathieu_Era— Calais Campbell (@Campbell93) August 2, 2016 Big money!!!! Congrats to my bro @Mathieu_Era on is his deal. You deserve it bro.— MichaelFloyd (@MichaelMFloyd) August 2, 2016Players from other teams also had their say over the deal.last_img read more

Cardinals general manager Steve Keim didnt know w

first_imgCardinals general manager Steve Keim didn’t know what Carson Palmer and Larry Fitzgerald were thinking over the nearly six weeks since their season ended.But like many Cardinals fans, he had a feeling they had unfinished business.Palmer announced Thursday he would reunite with Fitzgerald for at least one more season. Keim, who appeared on the Cardinals’ Big Red Rage show on Arizona Sports 98.7 FM, wasn’t surprised by the decision. Top Stories As for Fitzgerald, Keim said he predicted the receiver would return based on his production — Fitzgerald led the NFL with 107 total receptions last season.But surprisingly, the general manager didn’t see Fitzgerald’s and Palmer’s decisions as intertwined.“I thought both those guys would make those individual decisions,” he said. “They’re both rare competitors and I think, to some degree, I think in the NFL when you retire, you just know. And I just feel like, knowing both those guys, I think there was enough doubt where they felt like, ‘you know what, I think there’s something left not only from a team standpoint but a personal standpoint.’ ”BADGER BUILDING BODYArizona hopes to see a different Tyrann Mathieu in 2017.For one, the Cardinals want their star defensive back healthy. But Keim also predicts he might look a little bit different as a player.“I’ve seen him in the weight room every day. He hasn’t missed a morning,” Keim said of Mathieu, whose season was bogged down by his year-old knee injury and ended with a shoulder problem. “Not only is he continuing the strengthening of his knee but he has got so much stronger, so much thicker up top through his chest and his shoulders, which to me will not only help his game but will help continue to keep him healthy.” Derrick Hall satisfied with D-backs’ buying and selling 0 Comments   Share   Grace expects Greinke trade to have emotional impactcenter_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo He’s happy about it, however.“I know what kind of competitor Carson is,” Keim said. “Certainly, in my opinion, the way he finished the season — and I thought he put together a string of several very, very good games — knowing at his age he can still, again in my opinion, spin the football as good as many in the league, I certainly think there’s enough left in the tank. We’re very, very excited he’s coming back.”A report surfaced in late January that Palmer was debating his return after one of the most physically taxing seasons in his NFL career. At the same time, Palmer’s production was in line with his career average (his 87.2 quarterback rating was just off his career average of 88).Bruce Arians later said that it was on him as a coach to make sure Arizona protects Palmer, if the quarterback was indeed returning.Keim said that’s only half of the challenge. The other half is on him to build the roster just for that.“There’s a schematical side and there’s a personnel side. Nobody could have forecasted at the end of the year that’d we’d have three offensive linemen on the IR,” Keim said. “That’s a job I got to do better, supplying our coaches with better talent, deeper talent. I’m sure coach will challenge himself schematically, whether it’s keeping people in to chip or protect or tight ends, and doing what Carson does best.” Former Cardinals kicker Phil Dawson retires DAVID’S RECOVERYRunning back David Johnson looks mighty healthy of late, but Keim recalled watching his Jan. 1 knee injury that, when it happened, look much worse than an MCL sprain.“That was the biggest move of our offseason, the fact that it was a six-week recovery, not nine months,” he said.DRAFTING ON INTELLIGENCEWhat philosophy will the Cardinals take in the 2017 NFL Draft?Without talking about need by position or showing his cards — there’s still preparation to be done, anyhow — Keim said Arizona will emphasize drafting smart football players.“We know that consistency was an issue last year and it was the attention to detail,” he said. “I think we need to address some things from a football intelligence standpoint.“We have enough guys in there who love the game,” Keim added, “but there also is that mental side to it. The playbooks are getting bigger and bigger. It’s about understanding and being able to process quickly.”last_img read more

Derrick Hall satisfied with Dbacks buying and se

first_img Derrick Hall satisfied with D-backs’ buying and selling Chosen 47th overall out of TCU in 2010, Washington amassed 394 total tackles, 18 sacks, six interceptions, one forced fumble and two fumble recoveries in 59 games.And, at least one of Washington’s teammates is glad to see the suspension lifted. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo By now, you may have forgotten about Daryl Washington, the Cardinals linebacker who had become one of the best defensive players in the NFL before off-field issues, that included a domestic violence incident, derailed his career.But after missing the first four games of the 2013 season due to violating the league’s policy on substance abuse, he returned to play in 12 contests, recording three sacks and again looking like a key part of the team’s future. Very happy for Daryl Washington on his reinstatement today!! #AZCardinals— Larry Fitzgerald (@LarryFitzgerald) April 25, 2017 0 Comments   Share   Top Stories AP Photo Former Cardinals kicker Phil Dawson retires Then, in the offseason, it was learned he was suspended indefinitely due to another substance abuse violation.Since then, the team has barely talked about the linebacker, and by all accounts has moved on from the 2010 second-round pick who was a Pro Bowler in 2012.The NFL, apparently, may not be quite done with him. ESPN’s Adam Schefter first reported the NFL had “conditionally reinstated” the linebacker, adding Washington expects to play in 2017.Since then, the Cardinals have confirmed the news regarding his reinstatement in a pair of media releases.According to the Cardinals, Washington, who is 30 years old and still under contract, may now join the team at the training facility for meetings, conditioning work and similar activities.More from the release:Once arrangements have been confirmed regarding Washington’s clinical resources in Phoenix, he will be permitted to participate in all preseason activities, including practices and games.Prior to the start of the regular season, the NFL will review Washington’s progress. Based on his compliance and engagement with his program and resources, he will be permitted to participate in all regular season activities beginning in Week 1. He will be evaluated later in the season for full reinstatement.While this may seem like a path for Washington to rejoin the team, the Cardinals said they have been prohibited from contacting Washington over the last three years, and therefore it would be premature to discuss any potential return to the team for him. Grace expects Greinke trade to have emotional impactlast_img read more

The Hilton Melbourne South Wharf  welcomed LATTE a

first_imgThe Hilton Melbourne South Wharf  welcomed LATTE and other media for a winter dinner dance to celebrate the launch of its new signature meetings and event space, Woodside. Guests sipped on flutes of Moët on the heated, undercover outdoor terrace, which can operate as a breakout area, or a function venue in its own right.Woodside Outdoor TerraceWe then moved inside to the ballroom which was set in a banquet configuration seating up to 140 guests. This space can also be used as four intimate rooms.Woodside BallroomThe cuisine began with either a pear smoked duck breast or grilled king prawn in chestnut soup entrée, prepared under the direction of Chef Glenn Wright. Sam Warren-White, Marketing Manager at the Hilton, welcomed guests and General Manager Craig Bonner invited everyone to “eat, drink and be merry!” After a five-month, multi-million-dollar renovation of the hotel’s ground floor, the Hilton South Wharf now offers 450m² of event space. The design subtly compliments bold metal features with warm timbers, paying homage to the wharfing industry, which the hotel’s location previously cater too.The Hotel LobbyThe property is nestled conveniently between the DFO Shopping Centre and is the only hotel with direct internal access to the Melbourne Convention and Exhibition Centre, making it the ideal hub for a business or leisure trip. The evening concluded with live music, dancing and a delicious chocolate fondant, berry meringue and ginger and crème fraiche desert.last_img read more

Following its significant growth and operating suc

first_imgFollowing its significant growth and operating success in South Asia, luxury experiential travel company andBeyond is now expanding its portfolio to include a third continent with the launch of &Beyond South America.andBeyond South America’s first official office will open on 15 July 2015 in Santiago, Chile and will provide luxury tour operating and destination management company (DMC) services to guests travelling to Chile. By 15 August, &Beyond will have additional operational coverage in neighbouring Argentina.The capital city of Chile, Santiago is ranked among the top three cities in South America and is the ideal entry point to the continent’s most iconic destinations, including Iguazu Falls, Easter Island, the wine regions of Santiago, Atacama (one of the world’s driest deserts), Buenos Aires (the “Paris” of the Andes), and of course Patagonia, which is the gateway to Antarctica.By mid-2016, andBeyond South America has hopes to further expand to include luxury touring services in two additional countries, Peru and Ecuador, allowing guests to explore the wonders of Machu Picchu, the Galapagos Islands and the Amazon, to name just a few incredible attractions.andBeyond South America will be led and operated by Managing Director Pedro Barraza, who will report to Regional Managing Director (East Africa, South Asia & South America), Mark Wheeler. Pedro has 25 years’ experience in the travel industry and 14 years’ experience in top management roles in South America specifically.Although initially operating as a full-service luxury DMC, andBeyond hopes to start exploring other opportunities in South America in terms of luxury experiential lodges, blue ocean ships in the Galapagos and river ships on the Amazon.last_img read more

Go back to the enewsletter Pullman the upscale i

first_imgGo back to the e-newsletterPullman, the upscale international hotel brand of AccorHotels, has announced the opening of Pullman Liverpool, the brand’s first ever UK new build.Situated at King’s Dock on Liverpool’s world-famous waterfront and adjoining ACC Liverpool, the newly-built hotel will open as one of the city’s most stylish hotels, featuring 216 rooms, an all day dining restaurant called Dukes and a bar and lounge with views of the River Mersey.The hotel offers a range of ensuite room types including Superior, Deluxe and Executive, one Executive Suite and one Junior Suite. All room types offer guests a range of amenities including mini bar, 40 inch flat screen TV with free movies on demand, complimentary Wi-Fi, indulgent Co. Bigelow toiletries, tea and coffee making facilities, spacious wardrobe and safe.Deluxe and Executive rooms include a Nespresso machine and Bose docking station. Twenty-six rooms are inter-connecting, ideal for families. Pullman Liverpool is the latest addition to the ACC Liverpool campus, which is home to BT Convention Centre, Echo Arena and Exhibition Centre Liverpool. It will be operated by Branded Hotel Management under a franchisee agreement with AccorHotels.Thomas Dubaere, Managing Director, AccorHotels UK and Ireland commented, “We are very pleased to be opening our second Pullman hotel in the UK. It shows the growth of our upscale brand and strengthens our portfolio in the city.”Go back to the e-newsletterlast_img read more