Occidental may gain ADNOC as investor in South Texas DAC Hub
The latest development comes after years of discussions between Occidental Petroleum and United Arab Emirates-based Abu Dhabi National Oil Co.
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21 minutes ago
- Yahoo
Hedge fund founder Trip Miller reportedly joins mix of buyers interested in Tampa Bay Rays
Another Tampa Bay Rays buyer has come to the table, according to The Athletic, which reported Friday that Memphis hedge fund founder Trip Miller created a group that made an all-cash offer to Rays owner Stu Sternberg last week. The news comes just two days after the Rays released a statement announcing that they are in "exclusive discussions" about a potential sale of the team with a different group. That group is led by Jacksonville-based real estate developer Patrick Zalupski. Advertisement 'We made an offer last week,' Miller told The Athletic. 'We have had contact with the club over the past month, specifically about our offer. "If there is an exclusivity period that expires soon, and I don't know when it expires, we would welcome the opportunity to have a deeper discussion with the Rays about our offer." Miller also told The Athletic that his group is willing to up its offer, if necessary, although he didn't not reveal to The Athletic how much money his group bid or what he deems an overpay for the club. Sportico reported that Zalupski's group offered $1.7 billion for the Rays. Advertisement Miller told The Athletic that, if his group were to acquire the team, he wouldn't move move the Rays from Central Florida. He's not ruling out locations in Orlando, according to The Athletic, which reported that Miller mentioned Hillsborough County in Tampa and Pinellas County in St. Petersburg as potential options. "This is not a relocation play to another state,' Miller said, via The Athletic. "You won't see the Rays relocating out of Central Florida, whether it was our group or another group. "The league, that's what they're looking for. Someone who can not only buy the club, but solves the stadium problem." Miller told The Athletic he believes the total investment, for both the team and its new stadium, will require north of $3 billion.
Miami Herald
34 minutes ago
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Under Armour Doubles Down on HBCU Sports with CIAA Extension
In a move that reinforces its commitment to innovation, performance, and cultural impact in the HBCU community, the CIAA has extended its exclusive apparel partnership with Under Armour through 2029. The announcement comes on the heels of the CIAA Board of Directors meeting, where another major deal was also finalized: keeping the storied CIAA Basketball Tournament in Baltimore through the end of the decade. For the CIAA and its member institutions, it's more than just a jersey deal. 'Under Armour continues to be a powerful partner in our journey, elevating the look, feel, and performance of our student-athletes while reinforcing our identity across the national stage,' said CIAA Commissioner Jacqie McWilliams Parker. 'We are proud to move forward together with a shared commitment to innovation and impact.' Under Armour's relationship with the CIAA began in 2018 after Russell Athletic exited the collegiate uniform space. Facilitated through BSN Sports, the deal gave CIAA programs exclusive access to UA uniforms, gear, footwear, and training equipment. It was a timely and strategic move, especially as other HBCU conferences were locking in similar partnerships. Since then, Under Armour has not just dressed athletes-they've leaned into storytelling. Their "Sisterhood in Style" campaign, launched earlier this year, spotlighted HBCU women and Black Greek life, featuring members of Alpha Kappa Alpha Sorority, Inc. on the campuses of Bowie State University and Morgan State University. With imagery by Baltimore-based photographer and activist Devin Allen, the campaign tied fashion, culture, and pride together, all wrapped in UA's pink-and-green UA Echo sneaker. This brand of authenticity isn't accidental. Under Armour's headquarters are just minutes from downtown Baltimore, and its ties to the community run deep. Morgan State, a flagship HBCU in Baltimore, has long been a partner institution. The renewed CIAA deal only strengthens the city's connection to both the brand and HBCU sports and culture. So when the CIAA announced that its hoops tournament-an economic and cultural crown jewel for the conference-would stay in Baltimore through 2029, it wasn't just a win for the city. It was synergy in action. A Baltimore-based brand. A Baltimore-hosted HBCU tournament. And a renewed focus on showcasing Black excellence, both on the court and in community storytelling. Beyond the CIAA, Under Armour also outfits HBCUs like Hampton, Howard, and Edward Waters. But this extended commitment with the nation's oldest historically Black athletic conference signals something deeper-a long-term investment in legacy, innovation, and visibility. For the CIAA, the fit remains perfect-on the court, in the culture, and with the City of Baltimore. The post Under Armour Doubles Down on HBCU Sports with CIAA Extension appeared first on HBCU Gameday. Copyright HBCU Gameday 2012-2025
Yahoo
40 minutes ago
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Walmart to pay $10 million to settle US FTC lawsuit over money transfer fraud
By Jonathan Stempel (Reuters) -Walmart has agreed to pay $10 million to settle a U.S. Federal Trade Commission civil lawsuit accusing the world's largest retailer of ignoring warning signs that fraudsters used its money transfer services to fleece consumers out of hundreds of millions of dollars. The settlement was filed on Friday in Chicago federal court, and requires approval by U.S. District Judge Manish Shah. Walmart also agreed not to process money transfers it suspects are fraudulent, or help sellers and telemarketers it believes are using its services to commit fraud. "Electronic money transfers are one of the most common ways that scammers tell consumers to send them money, because once it's sent, it's gone for good," said Christopher Mufarrige, director of the FTC consumer protection bureau. "Companies that provide these services must train their employees to comply with the law and work to protect consumers." The Bentonville, Arkansas-based retailer did not admit or deny wrongdoing in agreeing to settle. Walmart did not immediately respond to requests for comment. In its June 2022 complaint, the FTC accused Walmart of turning a blind eye to fraudsters who used its money transfer services to cash out at its stores. Walmart acts as an agent for money transfers by companies such as MoneyGram, Ria and Western Union. Money can be hard to trace once delivered. The FTC said fraudsters used many schemes that included impersonating Internal Revenue Service agents, impersonating family members who needed money from grandparents to avoid jail, and telling victims they won lotteries or sweepstakes but owed fees to collect their winnings. Shah dismissed part of the FTC case last July but let the regulator pursue the remainder. Walmart appealed from that decision. Friday's settlement would end the appeal. The case is Federal Trade Commission v Walmart Inc, U.S. District Court, Northern District of Illinois, No. 22-03372. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
