Colombia Approves Stock Market Merger With Peru, Chile

first_img Colombia on 5 November approved merging its stock market with those of neighboring Peru and Chile, which experts said will become the second-biggest stock market in Latin America after Brazil’s. Colombian President Juan Manuel Santos and his Economy Minister Juan Carlos Echeverry “signed the decree authorizing the merger,” a statement by the president’s office said. Representatives from the stock markets and central banks of the three nations will meet next week in Bogota to launch the new stock market, it added. A meeting of financial experts headed by Spain’s BBVA Bank said the new stock market will boost overall trading in the three countries anywhere from three to five times the current volume. “That would make this stock market the second-largest in Latin America after Brazil’s,” BBVA said in a statement. By Dialogo November 10, 2010last_img read more

MORE Power: No order to stop operation

first_img* transition period * maintain the status quo of theoperation so as to give time for MORE Power to orient / train / immerse itspersonnel before it fully takes control of the operation But Teodosio disagreed. * accounting Contreras came up with the order “dueto the parties’ failure to come up with an agreement and to satisfy theapprehension of the court, that led the court to issue the Addendum.” Therefore, he stressed, the status quoin the operation of the power distribution system remains. POWER IN THEIR HANDS. Personnel of MORE Electric and Power Corp. check the power substation on General Luna Street, Iloilo City after taking over the facility from Panay Electric Co. * inventory of real properties alreadyunder the possession of MORE Power ILOILO City – MORE Electric and PowerCorp. (MORE Power) has been operating the power distribution system here sincetaking over Panay Electric Co.’s (PECO)’s substations Friday last week. * install MORE Power which may deployits personnel to man and oversee the substations to exercise its possession andcontrol of the distribution facilities, but the operation should still behandled by PECO personnel who has the technical expertise * serve the writ in a peaceful manner * see to it that no PECO personnel inthe rank and file would be displaced during the transition period It contained guidelines on how to goabout enforcing the Writ of Possession to ensure the continuous supply ofelectricity in Iloilo City. These were: It dismissed claims that the RegionalTrial Court (RTC), Branch 23 ordered it yesterday to stand down. “MORE Power remains in full control,”said Teodosio.center_img * turnover of records like the list ofconsumers “Nagpapasalamatkami sa korte sa paglilinaw na dapat talaga ang may hawak pa ng operasyon ng electric distribution facilityay PECO. Nakita naman natin inthe course of the hearing kung paanopaulit-ulit subukang suwayin ng MORE Power ang nasabing direktiba ng korte,” said Atty. Estrella Elamparo,PECO legal counsel. “The court simply said we respect theAddendum. Sa Addendum naghambal ang court nga ang operation ihatag sa PECO personnel, indi sa PECO management.There is a difference between PECO personnel and PECO management,” stressedTeodosio. * documents relevant to the operationof the distribution system, among others In an order afterwards, PresidingJudge Emerald Requina-Contreras ordered both parties “to respect the Addendumto the WOP pending the court’s verification of the status of MORE Power’s andPECO’s Certificate of Public Convenience and Necessity (CPCN) or until March26, 2020.” “Ginsunodsang MORE Power ang Addendum. Pareho mangihapon nga mga personnel ang naga-dutysa substations halin sang Feb 28. Pero nag-transferna ang ini nga mga personnel sang employment sa MORE Power, kag ini manang ginamandu sang MORE franchise law kagni Judge,” said Teodosio. In order yesterday, Contreras setfurther hearing of the expropriation case on March 26, 8:30 a.m. There was no order to return the powerdistribution operation to PECO, stressed Atty. Hector Teodosio, MORE Powerlegal counsel. What was stated in the Addendum? Any move of PECO to take over thepower distribution facilities will be resisted, he added./PN RTC Branch 23 heard yesterday PECO’sMotion for Clarification on the Feb. 20 Writ of Possession (WOP) which theformer issued in line with the expropriation case MORE Power filed againstPECO. * inventory of personal propertiesunder Category A As part of the addendum, the court alsoordered MORE Power and PECO to submit their respective proposals as to theirtimelines on the following matters:last_img read more

Alumni create networking app geared toward USC community

first_imgAccording to Malani, future plans include making the app more centralized. Malani said Gurayah originally created the idea and centralized it. By outsourcing it to a team of developers, through fundraising money from friends and family, he was able to create the first version of the app. After that, Malani was brought on board for marketing and aesthetic appeal insights and branding product design. “The bigger vision we have, especially here at USC, is people joining different communities, building actual lifelong connections with each other,” Gurayah said. Through the app, users sign up and connect their social media platforms to their profile and then select which social media platform they would like to share with other Mydas members. Under the network section, users can note any information about their connection with a person or group, such as where or when they met them. While many confuse it for a social media app, Malani said Mydas is a tool that allows people to gain more followers, interests and relationships within a professional environment. Mydas CEO Michael Gurayah, a Marshall School of Business alumnus, developed the idea for the app during the end of his junior year and pitched it in his entrepreneurship class. When he noticed that students were interested in working on it, he decided to pursue it that summer. “The app is most convenient for me because I am really trying to make friends as a freshman,” Shivlani said. “So, I try to share most of my information. It’s been really helpful in that sense.” “We’re trying to really just hone in on this market,” Mydas Chief Product Officer Prateek Malani said. “This is our market, our school … If our big goal is to really share that Trojan network, that vision, that exclusivity, that ability, that networking — it is so important to everyone else. It starts with honing in on making that Trojan network digitally stronger first.” “What we’re trying to do is kind of become that main app, that main tool you use when you’re at a networking event,” Malani said. “When you’re at a USC social event, whether it’s football or at Greek Row, etc. Whether it’s a classroom that you can go ahead and make as much friends, make as much connections for your future as possible.” Malani, who founded the app along with Gurayah and Chief Technology Officer Rob Ryan, met Gurayah at the Kappa Sigma fraternity at USC. Gurayah approached Malani about the idea for the app, and invited him to join the team in 2018, a year after Malani graduated from USC. “We want to actually make the Trojan network have students,” Gurayah said. “Start with these connections and maintaining it past college, that’s the great part of the Trojan Family: Everyone’s staying connected from social settings and classroom settings and keeping the Trojan Family united. That’s the bigger picture.” From Malani’s USC coursework experience on market testing, he has tested over 500 students on certain aspects of the company. The company has been able to make improvements to this feedback in quick time following the suggestions. center_img “He basically drew the designs on pieces of paper and kind of made his vision into a reality, which most entrepreneurs don’t do,” Malani said. “People don’t execute on their ideas, and I’m just really proud of him for making something like that was such a risky, scary thing to do and he actually did it. ” Caroline Bellamy, a Mydas social media intern, found out about the app at the Start-Up career fair last semester and said the convenience of Mydas appealed to her. “I just thought that their whole idea and concept was just really important and something easy that students need,” said Bellamy, a sophomore majoring in public relations. “Like the idea of an electric business card and AirDropping just all of your info at once so you don’t [have to] type it in.” The app, previously known as iMidas Touch, changed its name to Mydas to make it simpler and more appealing to the Gen Z market, according to Malani. The app underwent an update and full rebranding at the end of last year. The company routinely posts polls and questions on its Instagram page to filter feedback for the app in order to create the perfect app for USC students, Malani said. “We’re here to make the Trojan network digital,” Malani said. “We’re here to make the process of exchanging multiple social media accounts faster, and we’re here to make it easier for people to join groups and circles and friendships.” Diti Shivlani, a freshman majoring in business, first found out about the app from Instagram stories posted by her friends. She said the app makes her feel safer sharing her information, since she can decide after people share their information with her if she would like to share her contact. “[We’re the platform] if you want to grow your base,” Malani said. “You want to share your voice, you want to build job opportunities, you want to build new friends — that will never change with us, that will always be the core principle of Mydas.” Prateek Malani (left) and Michael Gurayah (right) developed the networking app Mydas to mimic the University’s Trojan network by instantly connecting students through their current social media accounts. (Vincent Leo/Daily Trojan) A group of USC alumni and team of 31 USC student interns launched Mydas, an app similar to LinkedIn that lets users share all social media accounts, professional background and contact information in one touch, in early January. The networking app is tailored to the USC community and capitalizes on the University’s Trojan network, according to the app’s founders.last_img read more

New York Mets get the home run, but Los Angeles Dodgers get the win

first_img“I worry about us winning games, having good at-bats,” Mattingly said.The Dodgers had enough good at-bats — and good fortune — to beat the Mets 6-2 on Friday at Dodger Stadium. New York made three errors, while the Dodgers collected 11 hits.Only one ball left the park: Dan Haren’s third pitch of the game to Curtis Granderson. That gave the Mets an early 1-0 lead and 95 home runs this season, for those who care.Judging solely by his pitching, Haren (11-10) seemed unflustered by the home run, though he admitted after the game that he was “really mad” at the time. He faced only one batter above the minimum for the remainder of his seven innings on the mound, helped largely by a pair of double plays. The Mets didn’t score again until the ninth inning.“I felt really good coming out of the bullpen today,” Haren said. “My stuff was good. If I could be there for the rest of the year, things will be good.” Newsroom GuidelinesNews TipsContact UsReport an Error In a bipolar season that’s occasionally left the pitcher in deep despair, Haren’s ability to bounce back was crucial. He had allowed six runs in three innings in his previous start against the Brewers, a loss. He’d allowed a total of three runs in two starts before that, both wins. Before that, Haren had lost five in a row.Other than the hanging splitter to Granderson on a 2-0 count, it was hard to fault Haren’s control Friday. He didn’t walk a batter and struck out six. “It was kind of the reverse Kershaw,” Mattingly said. “Give up the run early and then didn’t give up anymore.”Haren also helped himself at the plate — with a little luck.In the fifth inning with the game tied 1-1, Haren came to bat with Justin Turner on third base and Erisbel Arruebarrena on first. Mets left-hander Jonathon Niese (7-9) pounded two fastballs over the middle of the plate as Haren squared to bunt. He missed both.Worse yet, the second missed bunt left Justin Turner hanging between third base and home plate — Mattingly called it a “Tommy squeeze” — and the Mets successfully executed the rundown as Arruebarrena advanced from first to third.Just as he recovered from Granderson’s home run, Haren bounced back from his botched bunt. He coolly took three balls out of the strike zone, then drove a single up the middle to score Arruebarrena. That gave the Dodgers a 2-1 lead and they never trailed again.The Dodgers broke the game open with three runs in the seventh inning, all with two outs. A throwing error by Mets shortstop Wilmer Flores on a routine ground ball by Adrian Gonzalez allowed Dee Gordon to walk home from third base. Right-hander Carlos Torres relieved Niese and promptly allowed a two-run double to Matt Kemp.Eight different players collected hits for the Dodgers (73-57), who maintained a three-and-a-half game lead over the second-place San Francisco Giants in the National League West. Three of the Dodgers’ hits went for extra bases: The doubles by Kemp and Turner, and a triple by Gordon.“We haven’t really done that here in the past, you know, week or two,” Kemp said. “The offense has kind of struggled, but tonight we got some big hits and we got a good game out of Haren, so it was good for us.”The Dodgers have won three out of seven games on this nine-game homestand. They’re a mere 33-31 at Dodger Stadium this season. Home runs, for now and for the foreseeable future, can take a back seat to runs at home.center_img By J.P. Hoornstrajp.hoornstra@langnews.com @jphoornstra on TwitterThe Dodgers and New York Mets began their weekend series near the bottom of the major leagues in a conspicuous category. Collectively, each team had hit 94 home runs this season. Only four clubs had fewer.Dodgers manager Don Mattingly insists this isn’t an issue. He’s aware that only one player in the National League (Giancarlo Stanton) has hit 30 home runs. So what if the Dodgers’ home run leader, Adrian Gonzalez, only has 17? last_img read more