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Sowei 2025-01-08
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c jollibee Team claims NASCAR rescinded approval to buy charterThe passing of former Prime Minister Manmohan Singh has sparked widespread mourning, with leaders across Maharashtra and India paying tribute to his enduring legacy. Chief Minister Devendra Fadnavis commemorated him as a great scholar, economist, and statesman, noting his pivotal role in India's economic reforms during his decade-long tenure. Deputy Chief Minister Ajit Pawar highlighted Singh's visionary impact on India's economic development, marking it as a turning point for the nation. He expressed his condolences to Singh's family, emphasizing the former prime minister's humility and intelligence. Praful Patel, a leader in the Nationalist Congress Party, remembered Singh as a man of few words but significant actions, whose economic policies reshaped India. As Finance Minister and Prime Minister, Singh left a remarkable legacy of growth and reform that transformed the nation's economic landscape. (With inputs from agencies.)CHARLOTTE, N.C. — Front Row Motorsports, one of two teams suing NASCAR in federal court, accused the stock car series Thursday of rejecting the planned purchase of a valuable charter unless the lawsuit was dropped. Front Row made the claim in a court filing and said it involved its proposed purchase of the charter from Stewart-Haas Racing. Front Row said the series would only approve it if Front Row and 23XI Racing dropped their court case. "Specifically, NASCAR informed us that it would not approve the (charter) transfer unless we agreed to drop our current antitrust lawsuit against them," Jerry Freeze, general manager of Front Row, said in an affidavit filed in the U.S. District Court of Western North Carolina. The two teams in September refused to sign NASCAR's "take-it-or-leave-it" final offer on a new revenue sharing agreement. All other 13 teams signed the deal. Front Row and 23XI balked and are now in court. 23XI co-owner Michael Jordan has said he took the fight to court on behalf of all teams competing in the top motorsports series in the United States. NASCAR has argued that the two teams simply do not like the terms of the final charter agreement and asked for the lawsuit be dismissed. Earlier this week, the suit was transferred to a different judge than the one who heard the first round of arguments and ruled against the two teams in their request for a temporary injunction to be recognized in 2025 as chartered teams as the case proceeds. The latest filing is heavily redacted as it lays out alleged retaliatory actions by NASCAR the teams say have caused irreparable harm. Both Front Row and 23XI want to expand from two full-time cars to three, and have agreements with SHR to purchase one charter each as SHR goes from four cars to one for 2025. The teams can still compete next season but would have to do so as "open" teams that don't have the same protections or financial gains that come from holding a charter. Freeze claimed in the affidavit that Front Row signed a purchase agreement with SHR in April and NASCAR President Steve Phelps told Freeze in September the deal had been approved. But when Front Row submitted the paperwork last month, NASCAR began asking for additional information. A Dec. 4 request from NASCAR was "primarily related to our ongoing lawsuit with NASCAR," Freeze said. "NASCAR informed us on December 5, 2024, that it objected to the transfer and would not approve it, in contrast to the previous oral approval for the transfer confirmed by Phelps before we filed the lawsuit," Freeze said. "NASCAR made it clear that the reason it was now changing course and objecting to the transfer is because NASCAR is insisting that we drop the lawsuit and antitrust claims against it as a condition of being approved." A second affidavit from Steve Lauletta, the president of 23XI Racing, claims NASCAR accused 23XI and Front Row of manufacturing "new circumstances" in a renewed motion for an injunction and of a "coordinated effort behind the scenes." "This is completely false," Lauletta said. Front Row is owned by businessman Bob Jenkins, while 23XI is owned by retired NBA Hall of Famer Jordan, three-time Daytona 500 winner Denny Hamlin and longtime Jordan adviser Curtis Polk. NASCAR had been operating with 36 chartered teams and four open spots since the charter agreement began in 2016. NASCAR now says it will move forward in 2025 with 32 chartered teams and eight open spots, with offers on charters for Front Row and 23XI rescinded and the SHR charters in limbo. The teams contend they must be chartered under some of their contractual agreements with current sponsors and drivers, and competing next year as open teams will cause significant losses. "23XI exists to compete at the highest level of stock car racing, striving to become the best team it can be. But that ambition can only be pursued within NASCAR, which has monopolized the market as the sole top-tier circuit for stock car racing," Lauletta said. "Our efforts to expand – purchasing more cars and increasing our presence on the track – are integral to achieving this goal. "It is not hypocritical to operate within the only system available while striving for excellence and contending for championships," he continued. "It is a necessity because NASCAR's monopoly leaves 23XI no alternative circuit, no different terms, and no other viable avenue to compete at this level." Be the first to know Get local news delivered to your inbox!

World War III imminent, says Living Nostradamus Athos Salomé; highlights these flash points where battle could start; here's what you need to take note: Prime Minister Narendra Modi on Thursday condoled the demise of former Prime Minister Manmohan Singh saying that India mourns the loss of one of its most distinguished leaders. In a post on X, the Prime Minister said that his thoughts are with the family of Dr Manmohan Singh, his friends and countless admirers. “India mourns the loss of one of its most distinguished leaders, Dr. Manmohan Singh Ji. Rising from humble origins, he rose to become a respected economist. He served in various government positions as well, including as Finance Minister, leaving a strong imprint on our economic policy over the years. His interventions in Parliament were also insightful. As our Prime Minister, he made extensive efforts to improve people’s lives,” he wrote on X. “Dr. Manmohan Singh Ji and I interacted regularly when he was PM and I was the CM of Gujarat. We would have extensive deliberations on various subjects relating to governance. His wisdom and humility were always visible. In this hour of grief, my thoughts are with the family of Dr. Manmohan Singh Ji, his friends and countless admirers. Om Shanti,” PM Modi added. Manmohan Singh passed away on Thursday night at the age of 92 due to age-related medical conditions, AIIMS informed. Bharatiya Janata Party (BJP) President JP Nadda also expressed condolences over the demise of former PM Singh calling it a loss for the nation. Nadda said that Singh’s legacy will continue to continue to inspire generations in their pursuit of nation-building. “The passing of Former Prime Minister and Economist Shri Manmohan Singh ji is an immense loss for the nation. A visionary statesman and a stalwart of Indian politics, throughout his remarkable career in public service, he consistently voiced for the welfare of the downtrodden. His leadership earned admiration and respect across party lines. Shri Manmohan Singh Ji’s legacy will continue to inspire generations in their pursuit of nation-building. My heartfelt condolences to his family, friends, and admirers. Om Shanti,” JP Nadda. Aam Aadmi Party (AAP) MP Raghav Chadha expressed his deepest condolences to Singh’s family and called him blessed and privileged to have had the opportunity to work alongside him in the Rajya Sabha. “A world-renowned economist and the architect behind the liberalization of the Indian economy, Dr Manmohan Singh Ji steered India through difficult times and into a new era. An Oxford-educated economist, he spearheaded India’s 1991 economic reforms and led the nation as Prime Minister with quiet determination, proving that intellect and integrity can drive transformative change. I join the nation in mourning the passing of one of our most distinguished statesmen. His legacy will endure and inspire generations to come. I consider myself blessed and privileged to have had the opportunity to work alongside him in the Rajya Sabha. My deepest condolences to his family. RIP, Sir. Om Shanti,” the AAP leader posted on X. Singh retired from Rajya Sabha earlier this year after serving for 33 years in the house. Manomohan Singh, born in Punjab in 1932, served two terms as Prime Minister of India- from 2004 to 2014. He took the oath of the office for the first time in 2004, after Congress’ win in 2004 Lok Sabha election against Atal Bihari Vajpayee-led NDA. He served his second term from 2009 to 2014. He was then suceeded by PM Narendra Modi in 2014. (ANI)

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Manmohan Singh, India’s reluctant prime minister, dies aged 92Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The S&P 500 ended essentially flat, down less than 0.1%, after wavering between tiny gains and losses most of the day. The benchmark index posted a loss for the week, its first after three straight weekly gains. The Dow Jones Industrial Average slipped 0.2%, while the Nasdaq composite rose 0.1%, ending just below the record high it set on Wednesday. There were more than twice as many decliners than gainers on the New York Stock Exchange. Gains in technology stocks helped temper losses in communication services, financials and other sectors of the market. Broadcom surged 24.4% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company’s big gain helped cushion the market’s broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Some tech stocks were a drag on the market. Nvidia fell 2.2%, Meta Platforms dropped 1.7% and Google parent Alphabet slid 1.1%. Among the market’s other decliners were Airbnb, which fell 4.7% for the biggest loss in the S&P 500, and Charles Schwab, which closed 4% lower. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 17% after raising its forecast for revenue growth for the year. All told, the S&P 500 lost 0.16 points to close at 6,051.09. The Dow dropped 86.06 points to 43,828.06. The Nasdaq rose 23.88 points to 19,926.72. Wall Street’s rally stalled this week amid mixed economic reports and ahead of the Federal Reserve’s last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year. The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank’s 2% target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed’s policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7% in November from 2.6% in October. The Fed’s preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5% rise in November, up from 2.3% in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40% from 4.34% late Thursday. European markets slipped. Britain’s FTSE 100 fell 0.1%. Britain’s economy unexpectedly shrank by 0.1% month-on-month in October, following a 0.1% decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower.

AMHERST, Mass. (AP) — Malek Abdelgowad scored 26 points as UMass beat UMass-Boston 86-52 on Saturday. Abdelgowad also contributed 14 rebounds for the Minutemen (4-7). Daniel Rivera added 11 points while going 4 of 6 and 3 of 7 from the free-throw line while they also had 10 rebounds. Jaylen Curry had 10 points and finished 4 of 7 from the field. The Beacons were led in scoring by Cameron Perkins, who finished with 13 points, six rebounds and two steals. Xavier McKenzie added 13 points, two steals and two blocks for UMass-Boston. Raphel Laurent also recorded eight points. UMass took the lead with 15:49 remaining in the first half and did not relinquish it. The score was 47-24 at halftime, with Abdelgowad racking up 18 points. UMass extended its lead to 66-36 during the second half, fueled by a 14-2 scoring run. Abdelgowad scored a team-high eight points in the second half as their team closed out the win. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

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The AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . LAFAYETTE, La. (AP) — Andrew Holifield scored 17 points as Lamar beat Louisiana 74-45 on Saturday. Holifield also contributed 11 rebounds for the Cardinals (5-5). Janko Buljic scored 12 points, shooting 6 of 9 from the field. Alexis Marmolejos had 11 points and shot 4 for 5, including 3 for 3 from beyond the arc. Kyndall Davis finished with 11 points for the Ragin’ Cajuns (2-9). Brandon Hardy added 10 points for Louisiana. Kentrell Garnett also recorded nine points. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .CeeDee Lamb injury update: Dallas Cowboys announce star WR is out for the season

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