Arsene Wenger has warned his Arsenal side that only a victory is good enough against Olympiacos on Tuesday night.The Gunners suffered a surprise defeat away to Dinamo Zagreb in their opening Champions League group stage game.And, with back-to-back clashes with Bayern Munich to come, Wenger admits that their meeting with the Greek champions at the Emirates is already a must-win.He said: “You have to win your home games if you want to qualify from the group stage, it is simple as that.“We cannot afford to drop points now against anyone at home.”Arsenal go into the clash with Olympiacos in good form, having followed up their victory north London rivals Tottenham in the League Cup by putting five past Leicester in the Premier League.But Wenger insists it will not be easy against a side which has won all five of their domestic fixtures this season.“Olympiacos dominates their league, they are a team with a big advantage – they dominate their league easily, so they can prepare for these kinds of games,” he added.“They are well organised and have some players who know the Premier League, like (Esteban) Cambiasso and (Pajtim) Kasami who both played in England.” Arsene Wenger 1
Manchester United and West Ham have been put on alert after Alexandre Pato hinted he is interested in a move to England.The former AC Milan striker plies his trade with Brazilian club Corinthians but is currently on loan at Sao Paulo.However, Pato does not expect to make his move to Sao Paulo permanent, while Corinthians have expressed no interest in keeping the 26-year-old.“Next year I won’t be playing at Sao Paulo, everybody knows that”, Pato told Radio Globo by Soccer News.“I hope England or Spain.“I do not know if I can stay with Corinthians. I just try to do as well as possible. In football nothing is certain, so it’s no problem to return to Corinthians.“I am a professional.” 1 Alexandre Pato
Tomas Rosicky Arsenal midfield Tomas Rosicky is facing another three months on the sidelines after suffering a fresh injury blow.Arsene Wenger has revealed Rosicky suffered a partial tear of a tendon in his thigh during Saturday’s FA Cup win over Burnley.The 35-year-old was making his first appearance of the season having only recently recovered from a serious knee injury.With his latest setback, Rosicky, who is out of contract in the summer, may now have played his last game for the Gunners.“It is a muscular injury but the good news that we have is that apparently he will not need surgery, it is the partial rupture of his tendon,” said Wenger.“How long does it take? Two months, three months, we don’t know.“We are all of course shocked and he is the most shocked, we have to be patient and hope it was not his last game.”Having confirmed Rosicky could well be out for the remainder of the season, Wenger refused to rule the player out of ever representing the club again.“I don’t want to be dramatic,” he added.“Because he suffers enough at the moment, I want to be in a more supportive attitude than be dramatic.” 1
Joey Barton has spoken about his comparison between world-famous stars Justin Bieber and Barcelona’s Neymar.The Burnley midfielder famously tweeted in 2013: ‘Neymar is the Justin Bieber of football. Brilliant on the old You Tube. Cat p*** in reality.’But Brazilian star Neymar has stepped up his performances in the last 12 months, coming third in January’s Ballon d’Or ceremony, behind Lionel Messi and Cristiano Ronaldo.The 24-year-old is now a key part of the Blaugrana’s dangerous ‘MSN’ front three and has 23 goals in 35 appearances for club and country this term.Similarly, Canadian pop star Bieber has also gained fans in the last 12 months following the release of his new album.When asked about his comments nearly three years on, Barton told Drive: “Who’s improved dramatically – Neymar or Bieber?! There’s an argument for both.“He’s definitely improved, Neymar, without a shadow of a doubt. He’s got better.“If you take into context what I said: I was saying not at the level of Messi or Ronaldo. I don’t think anybody who is of sane mind would say that he is.“Obviously, as I have a habit of doing, I just try to make fun of situations and obviously the Justin Bieber-Neymar call was a bit tongue in cheek.“Do I think he is capable of getting to that level? Well he is certainly improving, but will he be better than Messi in time? No I don’t [think so] is the honest answer.“I also said something similar about Alexis Sanchez when he signed for Arsenal, about him being slightly inconsistent and whilst everyone was getting carried away with him I didn’t think he would be the piece in the jigsaw that took Arsenal on to be league champions – ironically this season they have a good chance of doing that.”
The biggest beneficiaries of the stock’s ascension have been Larry Page and Sergey Brin, who began developing their search engine, then called BackRub, in a Stanford University dorm room in 1996. Page and Brin, both 34, rank among the world’s wealthiest people, with fortunes approaching $20 billion each. Google’s CEO, Eric Schmidt, and top sales executive Omid Kordestani have also accumulated enough stock in the company to become multibillionaires. Hundreds of other Google employees are millionaires. Google’s stock has reigned as one of the hottest commodities on Wall Street because its search engine has turned into a moneymaking machine as advertisers spend more on the Internet to connect with consumers who are increasingly shunning television, radio and traditional print media. Google’s search engine is the hub of the Web’s most lucrative ad network. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! MARKETS: Internet company continues its surge and reaches yet another milestone. By Michael Liedtke THE ASSOCIATED PRESS Google Inc.’s stock price sailed past $600 for the first time Monday, extending a monthlong rally propelled by the lofty expectations surrounding the Internet search leader’s upcoming third-quarter earnings report. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREChargers go winless in AFC West with season-ending loss in Kansas CityThe Mountain View-based company’s shares traded as high as $610.26 before slipping back to $609.62, a gain of $15.57, or 2.6percent. It marked the sixth time in the past 12 trading sessions that the stock has reached a new high, showing investors are confident Google’s third-quarter profit will be impressive. The results are scheduled to be released Oct. 18. The latest milestone served as yet another reminder of the immense wealth created since Google went public in August 2004. The shares have increased more than sevenfold from their initial public offering price of $85, bringing the nine-year-old company’s market value to $190 billion – eclipsing bigger, more mature businesses such as Wal-Mart Stores Inc., Coca-Cola Co., Hewlett-Packard Co. and IBM Corp. It took 10 months for Google’s stock to leap from $500 to $600 and more than a year for the journey from $400 to $500. The shares hurdled $300 in June 2005 after passing the $100 and $200 thresholds in 2004. Analysts began predicting Google’s stock would reach $600 at the start of 2006 when the shares were still hovering around $420. Some analysts are already predicting Google’s stock will hit $700 within the next year, but the average target price for the stock is $614.64 among analysts polled by Thomson Financial.
AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.McDonald’s Corp. discovered in 2004 that only half of its black store managers contributed to the company’s 401(k) plan, a lower percentage than whites. The company plans to announce at an event in New York that by auto-enrolling store managers into the plan it has reversed the trend; today, 95 percent of black restaurant managers are plan participants. Few employers today peer into their plans in search of racial or ethnic differences, as they are required to do for discrepancies between high- and low-income workers. Fidelity Investments and Vanguard Group, two of the country’s largest retirement plan operators, both publish encyclopedic volumes on America’s investing habits that lack any reference to race or ethnicity. Experts attribute lower investment rates to poor instruction on financial topics in public schools, and misconceptions about the risk of stocks within parts of the black community. Employers have also been urged to tailor their messages on retirement savings to account for what some black and Latino executives say are important cultural differences. And the federal government has been urged to strengthen its national strategy for financial literacy, which has been criticized as ineffective. A survey by Charles Schwab Corp. and Ariel Mutual Funds concludes that four in 10 African-Americans with household incomes of $50,000 or more have no money in stocks, compared to just one quarter of whites. Ariel’s survey also found blacks who enrolled in retirement plans save a median $173 a month while whites save $252. The survey was administered in June and July and has a margin of error of about 4.5 percent. NEW YORK – Employers have begun to discover troubling racial differences within their 401(k) retirement plans, a gap they say could leave today’s black workers far less financially prepared for retirement than whites. Investor surveys and research by two large employers strongly suggest that blacks participate in retirement plans at far lower rates and are much less likely than whites to invest in the stock market. An industrywide study of 401(k) plan activity by race has never been conducted. Exelon Corp., the country’s largest operator of nuclear power plants, discovered this year that about 15 out of every 100 black employees did not participate in its 401(k) plan, compared with around 10 of every 100 whites. It also found that one in three black employees contributed less than 5 percent of their pay to the plan, compared to just 14 percent of whites. “We have to start addressing that now,” said Andrea Zopp, Exelon’s senior vice president of human resources. “If African-Americans are not investing at the same rate, they will be behind,” she said. A separate survey of retirees found whites are nearly twice as likely to have $100,000 or more saved than blacks, even when education, peak income level and other factors are held constant.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!
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. In northern Los Angeles County, the Buckweed Fire, which has scorched about 38,356 acres between Agua Dulce, Canyon Country and Saugus since Sunday, also was fully contained about 7 p.m., county fire officials said. Three civilians and two firefighters were injured, and a total of 32 structures — including 15 homes and 17 outbuildings — have been destroyed, according to county officials. Authorities believe downed power lines also might have caused the fire. Meanwhile, the Ranch Fire, which broke out Saturday northwest of Castaic near Townsend Peak, has charred 51,337 acres and was 45 percent contained. The wildfire destroyed seven structures and 14 boats in a storage area, fire officials said. Firefighters contained two major blazes that have charred swarths of Malibu and the Santa Clarita Valley over the past four days. The Canyon Fire, which has blackened 4,500 acres in tony Malibu, was declared fully contained about 7 p.m., the Los Angeles County Fire Department said. The fire, which roared out of Malibu Canyon before dawn Sunday, destroyed six homes, including a landmark castle, the Malibu Presbyterian Church and five businesses in the Malibu Colony shopping center Authorities believe a powerline knocked down by hurricane force winds might have ignited the blaze near Malibu Canyon and Piuma roads.
PORTS: Vote unites harbor complex in setting timelines to phase out dirty rigs by 2012. By Kristopher Hanson Staff Writer Health studies link diesel pollution from the roughly 16,000 trucks used at the ports to higher rates of asthma, cancer and heart disease in harbor communities. By banning older, more polluting rigs, the plan would cut diesel emissions by 80 percent and save up to $5.9 billion in health-care costs annually, according to the South Coast Air Quality Management District. Truck turnover will take place in four phases, beginning Oct. 1, 2008, when all pre-1989 trucks will be barred from marine terminals, which port authorities lease to private operators. Emissions standards grow increasingly strict in 2010 and again in 2012. But although the initiative approved Monday gives timelines, it fails to address how fleet turnover – estimated to cost $2 billion or more – will be funded. The plan approved Monday is essentially a watered-down version of a proposal first rolled out in April, which called for creating taxicab-style concessions for trucking companies, with the greenest fleets operated by employee drivers. The rationale was that it would be easier for a smaller number of concession trucking companies to fund fleet turnover than the roughly 16,000 contract drivers now serving the port complex. Economic studies show the truckers earn about $12 an hour after fuel, maintenance and truck payment costs. A new truck can cost $150,000 or more but causes up to 90 percent less smog-forming pollution than older rigs. L.A. Councilwoman Janice Hahn, whose district includes San Pedro and the L.A. port, urged authorities to modify the program by including the concession model. “A concession plan not only ensures clean trucks are entering our port and provides a more stable work force, it will also be helpful when we implement the pending federal TWIC,” or transportation worker identification certification, Hahn said. Federal authorities plan to begin implementing TWIC in Long Beach and Los Angeles within a few months. [email protected],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 MOREStriving toward a more perfect me: Doug McIntyre Long Beach harbor commissioners Monday ratified a historic environmental agreement to phase out dirty diesel trucks at the nation’s largest seaport within five years. The move comes several days after an identical plan, in the form of a tariff, was approved by port authorities in neighboring Los Angeles. The joint initiative will eventually ban pre-2007 diesel rigs from accessing waterfront terminals by Jan. 1, 2012, with exemptions for some emergency vehicles, auto transports, fuel trucks and yard hostlers. “We’ve begun the process of linking growth at these ports with real progress on clean air,” said Long Beach Mayor Bob Foster during a joint news conference with Los Angeles Mayor Antonio Villaraigosa. The Los Angeles mayor, mobbed by a group of supportive truck drivers before the news conference, said the phase-out timeline is a first step and port authorities would be working in coming weeks to determine how the plan will be funded.
AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREStriving toward a more perfect me: Doug McIntyre Also honored Tuesday night was Northrop Grumman Corp., for its business leadership in economic development, and Jack Kyser, the nonprofit business advocacy group’s chief economist. “Northrop Grumman displays outstanding economic development leadership and corporate citizenship,” Allen said. “They provide high quality jobs for the Los Angeles County area, and their commitment to educating and training our future work force ensures that we will continue to nurture and grow our region’s prosperity.” Northrop Grumman, a global defense and technology company, employs 120,000 workers – 20,500 of them in the county. Kyser, on the job for 25 years, was awarded the Eddy for excellence in economic development leadership. He is recognized as an expert in interpreting and forecasting economic trends in the five-county region, and for analyzing major industries in the area. BEVERLY HILLS – Lancaster, which created 5,000 new jobs in recent years under a pro-business flag, was named Tuesday night as the county’s “Most Business Friendly City.” The Antelope Valley city edged out immediate neighbor Palmdale, along with Santa Clarita, Burbank, Cerritos and Long Beach in the Los Angeles County Economic Development Corp.’s 12th annual Eddy Awards at the Beverly Hilton “The city of Lancaster best represents what can be achieved when our city governments work side-by-side with the business community to create business-friendly environments where quality jobs can grow,” said Bill Allen, LAEDC president and chief executive officer. Among the city’s business-friendly programs noted by judges was the Mayor’s Roundtable where companies meet with the mayor and city department heads to resolve issues. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!
MONTEBELLO – The Montebello Fire Department has added two battalion chiefs to the department to enable it to run more efficiently, officials said. Capts. Kevin Collinge and Dominic Hebert have been promoted and will start their new assignments by the end of the year. The 76-member department now has four battalion chiefs. “This change will make the department run smoother and ensure the best possible service to the community,” said Interim Fire Chief James A. Murphy. By the time the pay change takes effect, Murphy said, the fiscal year will have about seven remaining months. There is also a fiscal advantage to the hires because there will be less overtime, since each shift needs a battalion chief, Murphy said. If the City Council had not promoted them, the department would have had a gap with the retirement of the battalion chief and would’ve had to spend time and money recruiting, Assistant City Administrator Diane Albert said. “There will be a seamless and smooth transition,” Albert said. The department, she said, is currently recruiting firefighters to fill out its roster. [email protected] (562) 698-0955, Ext. 3028 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 MOREPettersson scores another winner, Canucks beat KingsHebert, who will have administrative duties, will oversee the training of all the shifts in the department and the Emergency Medical Service program. “This training needs to be addressed on a daily basis, and having a B.C. on administrative duty solves the issue,” Murphy said. Both Hebert and Collinge have served in the department for more than 20 years. “They are both up to the job,” said Interim City Administrator Randy Narramore. The raise in pay for the new battalion chiefs will be absorbed in the city’s 2007-08 budget by an unfilled opening in the department and the pending retirement of a current battalion chief.