Edwin Allen looking good for Champs

first_imgWESTERN BUREAU:Edwin Allen High School’s girls continue to impress ahead of next month’s ISSA/GraceKennedy Boys and Girls’ Championships at the National Stadium after dominating the high school categories at Saturday’s Milo Western Relays.They won five of six relay gold on offer, sweeping all the classes and establishing a new meet record 47.60 seconds to win the Class Four 4x100m. They finished in front of rivals Hydel High (49.26) and Holmwood Technical (50.67) seconds.The new record eclipsed their old standard of 48.35 seconds, which they ran in 2014, and signalled that their depth this year will make them hard to beat at Champs.Edwin Allen’s girls also won the Class One 4x100m relay in 46.34 seconds, with Hydel, once again, playing second fiddle with a time of 46.51, and Herbert Morrison taking third place in 47.56 seconds.In Class Three, they were equally impressive, winning in 45.98 seconds. Hydel, who finished second at Champs last year, looked good. They were timed at 46.84 seconds, with Manchester third in 48.25.Big surpriseCornwall College surprised everyone to win the Class One boys’ 4x100m ahead of powerhouse Kingston College in one of the races of the meet.Cornwall clocked 41.02 seconds in a driving finish from KC, 41.16, and Garvey Maceo, 41.21.That blip aside, the purple and white clad team from North Street was, at least, near their best.They ran a record 43.99 seconds to win the boys’ Class Three 4x100m event. Herbert Morrison took second spot at 44.84 and William Knibb third in 45.38.Munro won the Class Two 4x100m relay in a time of 42.31 seconds. KC’s time of 42.81 was god enough for second place, while fast-finishing Green Island High were third in 42.84.The Class Four title went to KC in 45.46 seconds. Herbert Morrison were second in 50.08 ahead of Munro, 50.86 seconds.St Elizabeth Technical High School were superb in the boys’ 4x800m relay, taking top spot in a new record 7:41.44 seconds, beating Spalding High’s old mark of 7:45.08, which they had set in 2014.Kingston College ran 7:47.57 for second place, and Holmwood Boys third in a time of 7:49.17 seconds.STETHS was again atop the podium, when their girls, led by the super-impressive Junelle Bromfield, made it look easy to win the Girls Class 4x400m relay Open event.Timed at 3:40.67 seconds, the STETHS quartet of Sethania Wright, Kenesha Chambers, Stacey Ann Williams and Junelle Bromfield won ahead of Edwin Allen, 3:41.36, with Holmwood taking third in 3:42.44.last_img read more

Former Countrywide charged with insider trading

first_imgThey then used the information to sell off their shares, to buy put options and, eventually, to short-sell the stock, prosecutors said.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.His attorney declined to comment. Zhu, of Santa Monica was fired in June. That same month, federal prosecutors disclosed he and two other former Countrywide executives had agreed to plead guilty to criminal charges of insider trading as part of a scheme that generated more than $100,000 in profits. All were vice presidents working in financial planning or portfolio management. Sentencing in the men’s criminal cases was expected in the coming weeks. The SEC filed civil insider trading charges against the other two men – Alan Cao and Jun Shi – last year. Both agreed to pay back gains from their Countrywide stock transactions plus fines. In plea agreements in the criminal case, Zhu, Cao and Shi admitted they got hold of confidential data showing Countrywide would not meet Wall Street analysts’ financial expectations for the third quarter of 2004. A former executive at mortgage lender Countrywide Financial Corp. of Calabasas was charged Monday with insider trading after he sold stock before the company announced negative earning results three years ago, regulators said. The Securities and Exchange Commission filed a civil complaint against Quan Zhu, 43, in Los Angeles federal court. Zhu has agreed to settle the charges, without admitting or denying the allegations, by paying nearly $109,000, officials said. Regulators say Zhu was tipped to nonpublic information about the company’s negative earning results in 2004. In the days before the quarter’s results were made public, he sold short the company’s stock and bought put options, betting that the stock price would fall. The transactions resulted in gains of more than $35,000 once the stock fell with the public announcement, officials said. last_img read more