DOJ files antitrust lawsuit to block Visa’s Plaid acquisition

first_imgThe DOJ cited Visa CEO Al Kelly’s description of the deal as an “insurance policy” to neutralize a “threat to our important US debit business.” Plaid is a San Francisco-based financial technology firm that uses APIs to connect consumer bank accounts to popular finance apps such as Venmo and Robinhood. It’s linked to more than 11,000 U.S. banks and according to the complaint, has been developing a product that could emerge as substitute for Visa’s debit services.In a statement, Visa said it “strongly disagrees” with the Department of Justice, “whose attempt to block Visa’s acquisition of Plaid is legally flawed and contradicted by the facts.” Plaid declined to comment on the suit.“This action reflects a lack of understanding of Plaid’s business and the highly competitive payments landscape in which Visa operates,” Visa said in a statement.- Advertisement – The U.S. attorneys pointed to Visa’s 70% share of the debit market in the U.S., and rival Mastercard’s inability to “gain significant share” or “restrain Visa’s monopoly.” They also highlighted the barriers to entry in building a new debit product.“Visa rarely faces any significant threats to its online debit monopoly. Plaid is such a threat,” according to the lawsuit. “Plaid is planning to leverage that technology, combined with its existing relationships with banks and consumers, to facilitate transactions between consumers and merchants in competition with Visa.”The DOJ outlined potential concerns with the deal last week with a complaint filed against Bain & Company, which worked as a consultant on the deal. The agency said Bain was withholding documents and “stymying” its investigation. The Wall Street Journal previously reported that the deal could face legal troubles.Visa’s Plaid acquisition is one of many high-profile deals that could face pressure from the DOJ this year.Credit Karma is reportedly in talks to sell its tax-preparation business to Square to fend off antitrust concerns, according to the Wall Street Journal. Intuit announced it would buy Credit Karma for $7 billion earlier this year, and also owns TurboTax. Regulators may have concerns that the combination would leave consumers for fewer choices in online tax filing. Mastercard announced it planned to buy Finicity, a Plaid competitor, for roughly $1 billion earlier this year. – Advertisement – The Department of Justice is looking to block Visa‘s planned acquisition of fintech start-up Plaid on grounds that it would limit competition in the payments industry.U.S. attorneys for the DOJ outlined potential for the deal to extend a Visa “monopoly” on debit transactions. For antitrust reasons the $5.3 billion acquisition, which was announced in February, “must be stopped,” according to the complaint.“By acquiring Plaid, Visa would eliminate a nascent competitive threat that would likely result in substantial savings and more innovative online debit services for merchants and consumers,” the Justice Department said in the complaint, which was filed in a Northern California federal court.- Advertisement –center_img Plaid co-founder and CEO Zach Perret.Plaid – Advertisement –last_img read more

World’s two largest pipelay vessels meet in Rotterdam

first_imgThe Pioneering Spirit has more jobs lined up ahead, including removal of the Gyda platform scheduled to be done between late 2020 and 2023 and removal of the Statfjord A platform sometime after 2022. On the other hand, the giant pipelay and heavy-lifting vessel Pioneering Spirit has recently been awarded a call-off for removal and disposal of multiple installations in the Valhall area in the North Sea. In related news, Norwegian authorities on Monday granted Equinor consent for a 10-year lifetime extension for the Troll B platform. The vessel will now prepare for its next assignment offshore Israel. Solitaire was in charge of installing the pipeline connecting the Troll A platform with new templates in the Troll phase 3 project. Allseas said in an update on Monday that the world’s two largest pipelay vessels – Solitaire and Pioneering Spirit – are now in Rotterdam. Two giant pipelay vessels owned by offshore contractor Allseas are now, for the first time ever, both in Rotterdam, the Netherlands. center_img Solitaire (foreground) and Pioneering Spirit (background); Source: Allseas The work, which comprises the removal and disposal of Aker BP’s Valhall DP- PCP- and Hod topsides and jackets, will be performed in the period from 2021 to 2026. Extension of Troll B’s lifetime to 2030 is one of the potential solutions for further developing gas production from the Troll Vest gas cap, Troll phase 3. The vessel also removed the original accommodation platform at Valhall field back in June 2019. According to Allseas, Solitaire returned to Rotterdam after completing its job for Equinor on the Troll 3 project in the North Sea. last_img read more

Mayasari Indonesian Grill Holding Thanksgiving Dinner

first_imgGREENSBURG, Ind. — Mayasari Indonesia Grill in Greensburg is holding its annual free-will donation Thanksgiving dinner this Sunday (11/27) from 10:00 AM to 2:00 PM.The restaurant is located one block off the courthouse square.Reservations are not being accepted as seating is first come, first serve.This is the fourth year for the meal, and proceeds will benefit local charities and organizations.last_img

Ryan, Dumpert are named IMCA Late Model national champs

first_imgVINTON, Iowa (Aug. 26) – Veteran Matt Ryan and newcomer Cory Dumpert will reign as national champi­ons in the IMCA Late Model division.  Ryan, from Davenport, Iowa, and Dumpert, from York, Neb., will both receive $5,000 shares of the national divisional point fund. Both finished the 2019 IMCA Speedway Motors Weekly Racing point season with 594 points and 10 40-point feature wins. “Both drivers,” he added, “deserve all the recognition they receive.” “This was an extraordinary season in terms of growth of our Late Model division, both in the num­ber of licensed drivers and the number of sanctioned race tracks,” IMCA President Brett Root said. “It is only fitting that the national title chase ends shared by drivers from areas with established tracks and with newly-sanctioned tracks.”  IMCA Late Model national top 20 point standings – 1. Matt Ryan, Davenport, Iowa, and Cory Dumpert, York, Neb., both 594; 3. Jeremiah Hurst, Dubuque, Iowa, 589; 4. Jeff Aikey, Cedar Falls, Iowa, 587; 5. Justin L. Kay, Wheatland, Iowa, 582; 6. Andy Nezworski, Buffalo, Iowa, 577; 7. Todd Malmstrom, Hampton, Ill., 553; 8. Dalton Simonsen, Fairfax, Iowa, 537; 9. Eric Pollard, Peosta, Iowa, 529; 10. Gary Webb, Blue Grass, Iowa, 525; 11. Jim Johnson, Plainview, Neb., 523; 12. Curtis Glover, Runnells, Iowa, 520; 13. Zachary Zentner, Cedar Rapids, Neb., 516; 14. Robert Osborne, Norfolk, Neb., 508; 15. William “B.J.” Jackson, Clinton, Iowa, 493; 16. Chuck Hanna, Port Byron, Ill., 486; 17. Lake Knutti, Chadwick, Ill., 485; 18. Chase Osborne, Battle Creek, Neb., 483; 19. Les Siebert, York, Neb., 479; 20. Shawn Cooney, Bondurant, Iowa, 475. Ryan has been runner-up in the national points race in three of the past four years. Now a three-time E3 Spark Plugs Illinois State champion, he has 57 wins over the course of his career, 16th on the all-time list for the division.  Defending national champion Jeremiah Hurst, 1987 national champion Jeff Aikey and four-time king Justin Kay followed Ryan and Dumpert in the points race. The national rookie of the year, Dumpert also has a championship from his home state to show for his first IMCA season.last_img read more

Demichelis makes City switch

first_imgMartin Demichelis admitted the chance to join Manchester City and be reunited with Manuel Pellegrini was too good to turn down. The 32-year-old Argentinian defender has joined the 2011/12 Premier League champions on a two-year contract after City prised him away from Atletico Madrid, the club he joined earlier in the summer as a free agent. City missed out on recruiting Demichelis without a fee being involved and will have compensated Atletico for the loss of a player they only briefly knew. However, Pellegrini was keen to bring the player he has previously coached at River Plate and Malaga to the Etihad Stadium, and Demichelis hopes he can play a big part in the club’s pursuit of silverware under the Chilean manager. Long-haired centre-back Demichelis, who spent seven years at Bayern Munich until departing in 2010, told City’s website: “I am delighted to have joined City because I am still hungry for success and want to improve. “I have been in Europe for 11 years now and this was a great chance for me to play in the Premier League with such a big club. “When there is a change, there is always a process. There’s always a period of adjustment you have to go through. Moving from South America to Europe is a big change and you need some time to settle in because everything is new. “But in my case, I have lived in Europe for many years and I don’t think there’ll be any problems in adjusting to life here. Now I want to repay the manager’s faith in me out on the pitch. I can’t wait to get started.” center_img Press Associationlast_img read more

Jamie Ward hails boss Michael O’Neill for Northern Ireland revival

first_img “I think he’s proved how good he is. Taking this job he had nothing to lose because did anyone really expect us to do anything? Not really. “He’s helped prove we’re good enough.” Goalkeeper Michael McGovern had an evening to forget against Hungary last month. The Hamilton stopper made an atrocious handling error to gift the opposition the opening goal, and cut a relieved figure when Kyle Lafferty levelled at the death. He is now going head to head with previous number one Roy Carroll, but insists the rivalry is beneficial all round. “The competition is great for all of us, it’s tough but that is what we want,” he said. “To get the nod last time was a big achievement for me. Roy has been excellent since he came back into the squad under Michael and big Alan (Mannus) has been one of the best goalkeepers in Scotland for the past four years. “I have waited a long time to get a chance and all I can do is try to take the opportunity. “Michael watches all of us. It was good to know he was keeping an eye on me, coming to a couple of my games after the last double header, so he was there to see how I reacted after the Hungary game and thankfully my form has been good. “I was disappointed with the goal I conceded in the last game, but as a goalkeeper you have to accept that sometimes that will happen.” And Nottingham Forest forward Ward believes the reasons for that shift in fortune lie largely with the boss. Ward came into the fold under Nigel Worthington, but only became a first-team player when the former Shamrock Rovers boss began freshening up a side that had lost its way and tumbled down the rankings. A fifth-placed finish in O’Neill’s first campaign was an inauspicious start, but the building blocks were in place for what has been a remarkable run of results this time around. “When I first came in results never really went for us, and I was lucky to get a game under Nigel,” he said. “A lot of things have changed since then, we seem to have got some shape about us, we’ve been structured in the way Michael wants us be when we’ve not got the ball. “Younger, fresher legs help too, new blood always does. The place has been freshened up with new players. “Maybe the players who’ve come in have wanted to prove a point that they can play at this level and do a job. “Michael wasn’t afraid to change the squad and bring in new faces, which the previous regime was. Jamie Ward has credited manager Michael O’Neill with taking Northern Ireland to the brink of a first European Championship. The Green and White Army last experienced a major tournament in the 1986 World Cup, but go into their final double header top of Group F. That already guarantees them a play-off, with victory over Greece at Windsor Park on Thursday enough to seal an automatic spot. Press Associationlast_img read more

Three West Indians on shortlist of six for WICB head coach post

first_imgGus LogieGus LogieBRIDGETOWN, Barbados, – ( – Three West Indians including former international players Augustine Logie and Jimmy Adams, along with Barbadian Henderson Springer, are on a shortlist of six contenders for the post of West Indies team head coach.That position, left vacant following the firing of Phil Simmons three months ago, as well as the appointment of a new Chief Executive Officer (CEO) in light of the resignation of Michael Muirhead, are to be ratified at the quarterly meeting of the West Indies Cricket Board (WICB) in St. Maarten this weekend.Well-placed sources in Antigua, the headquarters of the WICB and Jamaica, where WICB president Whycliffe “Dave” Cameron resides, told that former Australian batsman Stuart Law is among those on the shortlist for head coach, which attracted several candidates from England and Australia.The sources did not name the other two candidates.According to the sources, the WICB is very keen to have the new coach in place as early as next month to prepare for the tours to the Caribbean by England in February and March for three One-Day Internationals (ODI), to be followed by Pakistan for a four-match Test series.( read more

FB : Nassib, Syracuse offense enter season with heightened expectations

first_img Facebook Twitter Google+ NEWPORT, R.I. — Ryan Nassib sat at the Syracuse table in the Hotel Viking on Tuesday, cool and confident in both his team and himself.The Syracuse quarterback, who enters his second year as the starter, talked at Big East media day about the new options SU will have in the shotgun formation, giving him a chance to air it out a little more to a cast of receivers he developed a rapport with last season. It is rapport that showed its potential in Syracuse’s Pinstripe Bowl win, accomplishing a goal that Orange head coach Doug Marrone set at Big East media day one year ago.In commenting on the next step for the Orange, Nassib was a little brasher than the SU contingent of a year ago. His confidence was aired in his description of what that next step should be — a Big East championship.‘That’s the goal,’ Nassib said. ‘We really feel that way. We have a team that can take the Big East championship, and it’s a matter of going out there and executing, and we know what it takes in order to win.’AdvertisementThis is placeholder textSyracuse was picked to finish fourth in the preseason media poll released Tuesday at the annual Big East media day. It’s the same spot the Orange finished in, in the 2010 standings. But the preseason standing gives SU a lot more respect than the team has received heading into a season in years. Last year, the Orange was picked seventh in the poll. West Virginia was named preseason favorite, as the Mountaineers garnered 21 of 24 first-place votes.Marrone said he isn’t into the polls. He made sure to remind everyone during his opening remarks about the question marks SU has at its linebacker and interior defensive line positions.But the third-year head coach also acknowledged that the bar needs to be raised once again.‘Obviously, we wanted to be better than we are right now. I don’t think you ever, unless you win everything, that you’ve ever said ‘this is what we planned, this is where we need to be,” Marrone said.The biggest key for SU to reach its lofty goal may be Nassib and the Orange passing game. Syracuse ranked 91st among Division I Football Bowl Subdivision teams in passing offense last season, but also had the luxury of placing the bulk of the offensive load on running back Delone Carter’s brawny shoulders. Carter rushed for 1,233 yards and is now with the Indianapolis Colts.Helping Nassib’s cause should be the new plays that can be implemented out of the shotgun formation. Syracuse center Macky MacPherson worked primarily with the shotgun in high school, so his comfort level with it should give Syracuse offensive coordinator Nathaniel Hackett more options to get creative with the passing game.Marrone said Nassib looks to have really improved his shape this summer. He said when he saw his quarterback the other day, he told Nassib that he’s ‘looking like a quarterback.’And while Nassib actually told Marrone that he doesn’t feel as strong overall, the only thing that matters is how strong his arm feels.‘I said, ‘How do you feel?’ He said, ‘Well I don’t feel as strong,” Marrone said. ‘I said, ‘Do you throw the ball better? Is your arm strong?’‘He said, ‘Oh yeah, my arm’s much stronger.’ I said, ‘That’s all that matters.”Nassib said he thinks confidence as a whole within the Syracuse team is really high, coming off the team’s win in the Pinstripe Bowl last season. Syracuse recorded its first winning season since 2001, a sure sign that things moved in the right direction.The Orange’s fourth-place selection in the media poll provides further evidence.‘A lot more respect,’ Orange defensive end Chandler Jones said. ‘We’re ranked No. 4 preseason. I feel like I’m not satisfied. Everyone wants to be No. 1.’Nassib said the SU offense had a special spring in which it was really able to hash out its weaknesses and work on them. Syracuse returns four of its five starting offensive linemen, with the center MacPherson being the only new contributor.But despite his inexperience, he does bring to the table a new element for the Orange one Nassib hopes to use to exploit opposing defenses and to keep them honest.‘It does open up a shotgun package that we lacked last year,’ Nassib said. ‘It gives us a chance to take some pressure off the offensive line and keeps the defenses from calling defenses that do very well against quarterbacks under center.’ Commentscenter_img Published on August 1, 2011 at 12:00 pm Contact Mark: | @mark_cooperjrlast_img read more

Armando’s truck no secret to many Trojans

first_imgEvery commencement, he comes with his wife. There they are, taking pictures with dozens upon dozens of graduating seniors. It seems like almost everyone wants a picture with him, and who wouldn’t? Aside from Lane Kiffin and President Steven B. Sample, he’s probably the most popular guy on campus. He has Mark Sanchez on speed dial and feeds over 80 percent of the football team and coaching staff.His name is Armando Corado, and he owns a lunch truck.It’s amazing how he does it. Operating out of a truck that’s just slightly larger than the SUVs on today’s roads, Corado feeds over 400 people per day from 7 a.m. to 3 p.m. His customers range from facilities workers and athletes to students and faculty. In an economy when most businesses are struggling to stay afloat, Armando’s has not only managed to sustain business, a feat unto itself, but it continues to grow. It gets new customers every week.But what makes Corado’s success so remarkable is its location. You won’t find Armando’s in the three main student eateries: Everybody’s Kitchen, Parkside Restaurant or Café 84. You won’t even find it on a main walkway or in a prominent building. You’ll find it nestled next to a facilities service building among all the construction next to the new School of Cinematic Arts in an alley across from McDonald’s Swim Stadium. Most students pass by it everyday without realizing it. In fact, his business card doesn’t give an address, but rather says, “Best kept secret, ask around. You’ll find us.”It is here that Pete Carroll and Taylor Mays used to eat breakfast almost everyday. It’s the same place that former USC football stars Lendale White, Carson Palmer and Sedrick Ellis ate as well. Nowadays, Matt Barkley is a frequent customer along with almost every varsity athlete on campus, it seems.If you’re thinking, “How can I break into this place and eat the breakfast of champions?” — it’s pretty easy. You go up to the window and order “The Lendale.”“I think a lot of athletes eat here because it’s really close to Heritage Hall, the prices are good and you don’t have to deal with too many people in line,” senior linebacker Malcolm Smith said.Like most athletes, Smith and outgoing defensive end Everson Griffen started going to Armando’s when they were freshmen. They heard about it from other members of the football team who frequented the truck daily. Smith said during football season he goes to Armando’s about four to five times per week and always gets lunch from Armando’s as a pre-game ritual before the team leaves on Friday afternoon.On a particular Friday before a home game last fall, Smith got “The Taylor” sandwich — a breakfast burrito. Many players have their own sandwich named after them. Corado doesn’t name the sandwiches, but rather the players come up with something unique and people start wanting whatever that player is having, so the name of the original maker of the sandwich is used.For example, “The Lendale”  is one of the most popular breakfast sandwiches not only amongst athletes, but amongst students as well. It consists of bacon, sausage, egg, cheese, jelly, mayonnaise and a hash brown on sourdough bread. Corado said that Dominique Byrd, now the tight end for the Arizona Cardinals, came up with most of the sandwich, but White added the mayonnaise and hash brown and it’s stuck ever since.“Everything goes around ‘The Lendale,’” Corado said. “People get it and switch the bread or switch something and call it their things. Sedrick Ellis used to get the same thing but on a French roll. One time I had Ellis and Lendale here and they wanted to make a bet about who started [the sandwich], but I had to be fair and say Byrd.”Like Ellis, Barkley has his own spinoff of “The Lendale” that switches out the sourdough bread for a croissant.Interestingly enough, the success of the athlete’s sandwiches depend on the athlete’s success on the field. During the beginning of the season, Sanchez had a few great games for the New York Jets. So, his spicy chicken burrito was a hot commodity that week.“I got together with my wife and said, ‘Sanchez did great. We are probably going to sell a lot of Sanchez burritos.’ And that’s how it went.”Because of the many athletes that eat at Armando’s on a regular basis, Corado has been able to forge lifelong relationships with them.This includes former quarterback and top-five pick Sanchez, who came back in October during his NFL team’s bye week.“He invited us to his draft party in May,” said Corado, who also went to a Jets game in December as a guest of Sanchez. “He’s become a friend of ours.”Go find Armando. Maybe you too can get a picture with him at graduation.“Spittin’ Sports” runs Wednesdays. To comment on this article, visit or e-mail Kenny at read more

Waterford book their place in Munster Final

first_imgIn HurlingWaterford are back in the Munster final after yesterday’s four-point semi-final victory over Cork.3-19 to 1-21 was the final score in Semple Stadium.  The Deise will take on either Tipperary or Limerick who face off on the 21st June to book a place in the final which is on July 12th.Rebels Boss Jimmy Barry Murphy says they were beaten by a better side.Elswhere, Laois recorded their first Championship win over Offaly in 43 years at the weekend. 29 points to 20 was the final score in Portlaoise. They join Wexford in the Leinster Hurling semi-finals after they beat Westmeath in Mullingar yesterday.1-24 to 1-16 was the final score there. In football, Derry’s losing streak in the Ulster Championship quarter-finals came to an end as they beat 14-man Down by a point.Eoin Bradley the man with the decisive score, splitting the posts with an injury time free kick.The match ended on 12 points to 11.The draw for round one A and one B of the qualifiers takes place this morning just after eight thirty.last_img read more