World News

Packers, Raiders play practice game in Winnipeg on 80-yard field, with no kickoffs

Apple wants people to know how to clean its new credit card

SAN FRANCISCO — Apple believes some of its zealous customers will treasure its new titanium credit card so much that they will spend time polishing its white finish.

That’s why Apple has posted instructions on how to clean the card properly and warned that some materials might leave blemishes that are difficult to remove.

The list of potential hazards includes leather and denim, prompting some people to conclude Apple’s credit card is so special that it can’t be stored in the wallets and pockets where most other credit cards reside.

But the company says it merely wants people to know that the dyes used in some types of leather and denim can leave stains. Those discoloring marks are unlikely in most kinds of wallets and jeans, something Apple alluded to in its post by advising that the card can be kept in a wallet or pocket made of “soft materials.”

The reverence Apple seemed to be according its card triggered widespread derision on Twitter and elsewhere on the internet.

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Polish rescue service finds body of trapped caver

WARSAW (Reuters) – Polish rescuers have found the body of one of two cavers trapped in a cavern in Poland’s Tatra mountains since Saturday, mountain rescue service TOPR said late on Thursday.

“The first of the cavers has been found in the cave, he is dead. More information will be available tomorrow,” TOPR said.

The two became trapped in the Wielka Sniezna cave, the longest and deepest in the Tatra mountains, on Saturday and rescue services were notified by colleagues who had accompanied them on the excursion.

Hasbro to buy Peppa Pig owner in $4 billion all-cash deal

U.S. toy maker Hasbro will buy Entertainment One for about $4 billion (3.27 billion pounds) in cash, adding the independent studio with preschool brands such as Peppa Pig and PJ Masks, the companies said on Thursday.

The deal provides the Nerf and Power Rangers toymaker with new exposure. It has been tying up with movie studios such as Paramount Pictures and Walt Disney to boost sales of toys linked to big movie franchises.

"Hasbro will leverage eOne's immersive entertainment capabilities to bring our portfolio of brands that have appeal to gamers, fans and families to all screens globally," Hasbro's Chief Executive Officer Brian Goldner said.

Hasbro will pay 5.60 pounds per share and will finance the deal with debt and $1.0 billion to $1.25 billion in cash from equity financing, the companies said.

Hasbro said it sees annual run rate synergies of about $130 million by 2022, helped by savings from a portion of eOne's toy business in-house and improving the profitability of its licensing and merchandising activities.

(1 British pound = $1.2249)

Dillard’s OKs 50% dividend increase

Dillard’s Inc. DDS, -0.51% said late Thursday its board of directors declared a cash dividend of 15 cents a share, a 50% increase over the most recent dividend of 10 cents a share. The dividend is payable on Nov. 4 to shareholders of record as of Sept. 30. Shares of Dillard’s were flat in the extended session after ending the regular trading day down 0.5%.

ST Now, News As It Happens – Aug 23, 2019

Welcome to ST Now, News As It Happens. Recap of what happened earlier. Reach us at [email protected] or on Facebook and Twitter @STcom.

CBA to receive $150m less for life insurance arm under revised deal

Commonwealth Bank will receive $150 million less than previously stated for its life insurance arm under a revised deal to sell the business to AIA Group, in a move the bank says will bring about greater certainty.

Commonwealth Bank of Australia CEO Matt Comyn.Credit:AAP

CBA on Friday said the plan to sell off its insurance arm said getting regulatory approvals had created an "extended period of uncertainty” for the business, so it has changed the terms of the sale.

It now expects to get $2.375 billion, about $150 million less than previously expected, and it will receive the proceeds over the coming financial year.

"Today’s announcement provides CommInsure Life’s policyholders and staff with more clarity about the future of the business and progresses the simplification of CBA’s portfolio of businesses,” chief executive Matt Comyn said.

More to come

Trump may still unveil tax cuts before 2020 election, Kudlow says

White House economic adviser Larry Kudlow said Thursday that President Donald Trump may unveil new tax cuts before the 2020 presidential election.

In an interview on the Fox Business show “Bulls & Bears,” Kudlow said that while Trump said Wednesday he wasn’t currently looking at any tax cuts, that doesn’t mean they’re off the table.

“What he was referring to was something immediate or urgent or you know, anti-recession, we just don’t buy that scenario,” Kudlow said.

‘There is nothing in the near term,” Kudlow said, citing a ”quite healthy” economy. “But longer run, why not?”

Packers, Raiders play practice game in Winnipeg on 80-yard field, with no kickoffs

WINNIPEG, Manitoba — The Oakland Raiders and Green Bay Packers are playing their exhibition game in Canada on a shortened field out of concern for the safety of the field.

The game in Winnipeg on Thursday night is being played on an 80-yard field with the goal lines starting at the 10-yard lines and no kickoffs. Teams are receiving the ball at their 15-yard line, which is located at the normal 25-yard line.

The NFL said the field passed inspection on Wednesday, but both teams had concerns about the condition of the end zones, where the goal posts for CFL games are usually located.

That led to the decision to shorten the field.

Both teams held out almost all of their starters with the Packers announcing that 33 players weren’t playing, including quarterback Aaron Rodgers. The Raiders had been planning to sit quarterback Derek Carr and most starters even before the problems with the field.

The Raiders decided to move one of their two home exhibition games to Winnipeg in a move that saved them $500,000 in rent at the Oakland Coliseum. The team is planning to move to Las Vegas in 2020.