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Sponsors drop Lochte after Rio scandal

Olympic swimmer Ryan Lochte lost four sponsorship deals Monday -- a major financial hit for the embattled gold medalist stemming from his spurious claim of being robbed at gunpoint in Rio, a story later discredited by Brazilian police......»»

Category: newsSource: mb.com.ph mb.com.phAug 23rd, 2016

Sponsors drop Lochte after Rio scandal

Olympic swimmer Ryan Lochte lost four sponsorship deals Monday -- a major financial hit for the embattled gold medalist stemming from his spurious claim of being robbed at gunpoint in Rio, a story later discredited by Brazilian police......»»

Category: newsSource:  mb.com.phRelated NewsAug 23rd, 2016

Sponsors drop Lochte after Rio Olympics scandal

Sponsors drop Lochte after Rio Olympics scandal.....»»

Category: newsSource:  rapplerRelated NewsAug 23rd, 2016

Speedo USA, 3 other sponsors drop Lochte after Rio incident

Less than 24 hours after the close of the Rio Olympics, Ryan Lochte took a major financial hit Monday for a drunken incident he initially tried to pass off a.....»»

Category: sportsSource:  philstarRelated NewsAug 23rd, 2016

Brazil court allows prosecution of US swimmer Ryan Lochte

By Sarah DiLorenzo, Associated Press SAO PAULO (AP) — The prosecution of U.S. swimmer Ryan Lochte for filing a false police report during the 2016 Olympics is back on after a Brazilian court decision this week. During the games in Rio de Janeiro, the 12-time Olympic medalist told NBC that he and fellow swimmers were robbed at gunpoint in a taxi by men with police badges as they returned to the Olympic Village from a party. But prosecutors said Lochte invented the story to cover up the swimmers' vandalism of a gas station and an ensuing confrontation with security guards. The confrontation was captured by surveillance cameras at the gas station. Lochte later acknowledged he was intoxicated at the time and his behavior led to the confrontation. The initial claim appeared to confirm widespread fears before the Olympics that the event would be marred by rising crime rates in Rio de Janeiro, which has long struggled with violence. As Lochte's version of events began to shift, many Brazilians became annoyed that a false story about crime drew so much attention, when the city had hosted the games without major problems. The scandal drew international headlines and grew to overshadow the final days of the games. Lochte ended up serving a 10-month suspension from the U.S. national swim team for his behavior. Last year, a court dismissed the case against Lochte, but the Superior Court of Justice reversed that decision Tuesday. Prosecutor Rodrigo de Almeida Maia said Thursday that the next step is for Lochte's lawyers to present their defense. Lochte does not have to appear in person to defend himself, de Almeida Maia said. Steve Lochte, the swimmer's father, said by telephone that he had no comment and directed questions to his son or his son's lawyers. Jeff Ostrow, a lawyer who has represented Lochte in the past, did not immediately respond to an email and a voicemail message seeking comment. It was not clear if he would represent Lochte in this case......»»

Category: sportsSource:  abscbnRelated NewsJun 29th, 2018

Kerber pulls through a surprising challenge, faces Keys next

By John Pye, Associated Press MELBOURNE, Australia (AP) — Angelique Kerber remains the only Grand Slam singles winner in the Australian Open women's draw after surviving a frustrating fourth-round match. For a while, though, it appeared Kerber's progression may have unraveled against No. 88 Hsieh Su-wei, a former top-ranked doubles player with a double-handed grip on both sides. With a mix of slice and chips, lobs and bunts, whippy half-volleys and wristy crosscourt ground strokes off both wings, Hsieh pushed Kerber to the extremes and unsettled her rhythm. Former No. 1-ranked Kerber finally got a succession of breaks to take the second set and dominate the third in a 4-6, 7-5, 6-1 victory on Monday afternoon. "Credit to her. She played an unbelievable match," said Kerber, who won the Australian and U.S. Open titles and reached No. 1 in 2016. "I was feeling I was running everywhere. She was playing a lot of corners and drop shots. I was bringing a lot of balls back." After holding it together to improve her 2018 winning streak to 13, Kerber faces U.S. Open quarterfinalist Madison Keys in the quarterfinals. Keys returned to the quarterfinals here for the first time in three years with a 6-3, 6-2 win over No. 8-seeded Caroline Garcia. She has yet to drop a set at Melbourne Park and is averaging a brisk 62.5 minutes on court through her first four rounds. Going into the fourth round, Keys had only dropped 14 games — the second fewest among the women through three rounds, just behind Kerber's 13 games. Keys, the only American woman to reach the fourth round, said she feels like she's playing without pressure since returning from her wrist injury that forced her out of last year's Australian Open. "I definitely realize how much l love it and how much pressure I put on myself," in the past, she said. "Just being really happy to be back out here and not at home in a cast." Hsieh certainly made the most of her time back in the spotlight, returning to the fourth round at a major for the first round in a decade. She took out one major winner — Wimbledon champion Garbine Muguruza — in the second round, and took a set off an almost dumbfounded Kerber to open the fourth. Kerber, returning from a form slump that saw her ranking drop into the 20s in 2017, had to produce some of her best tennis. She finished a 14-shot rally early in the second set by racing to the net and reaching at full stretch to track down a drop shot and send a forehand winner over the net post. The 30-year-old German player had to serve to stay in the match in the ninth game of the second set. Then, after winning four straight points and converting a break-point chance with a sliding forehand winner down the line, Kerber crouched and screamed to celebrate the point. She served out the set at love and then got critical service breaks in the first and fifth games of the final set as Hseih began to tire and started to miss the lines. Hsieh has won two Grand Slam doubles titles, and was ranked No. 1 in doubles in 2014 but had a career-high singles ranking of 23. At age 32, she was oldest woman still in the singles draw. Recent work with former doubles champion — and Australian Open tournament director — Paul McNamee paid off with her singles ranking expected to rise again. She'll likely also attract more attention from sponsors after going through the singles in an unadorned white tank top and black skirt. On the men's side, Tomas Berdych returned to the Australian Open quarterfinals for the seventh time after a 6-1, 6-4, 6-4 win over Fabio Fognini. Berdych has been this far at Melbourne Park for seven of the last eight years. The only time he's failed to reach at least the quarters was last year when he lost in the third round to Roger Federer. He could meet Federer again in the next round, if second-ranked Federer wins his fourth-round match against Marton Fucsovics later Monday......»»

Category: sportsSource:  abscbnRelated NewsJan 22nd, 2018

NKorean missile frustrates SKorean Olympic preparations

By Kim Tong-Hyung, Associated Press SEOUL, South Korea (AP) — Just when South Korea thought it was finally creating a buzz for February's Winter Olympics, North Korea fired its most powerful missile yet and re-ignited safety worries about the small mountain town that will host the games not far from the rivals' anxious border. The Pyeongchang Olympics probably aren't in jeopardy because of Wednesday's launch for a number of reasons, including that the North is unlikely to attack the more powerful, U.S.-backed South. Despite its belligerent neighbor, South Korea is also one of the safest places in the world with a wealth of experience hosting international sporting events. Still, the launch, which followed a 10-week lull, was a frustrating development for Pyeongchang's organizers, who have only recently got on track after facing construction delays, controversies over cost overruns and wary sponsors. They can also do little to calm international fears created by North Korea's accelerating nuclear weapons and missile tests. Shortly after North Korea fired the Hwasong-15 into the sea Wednesday, South Korean President Moon Jae-in convened a national security meeting where he ordered government officials to closely review whether the launch could hurt South Korea's efforts to successfully host the Olympics, which begin on Feb. 9. South Korea wants more than a million spectators for the Olympics, which will be held just 80 kilometers (50 miles) from the border, and expects 30 percent of them to be foreign visitors. Organizers have struggled for months to spark enthusiasm for the games locally, where the national conversation over the past year have been dominated by a massive a massive corruption scandal that toppled and jailed the last president and North Korea's flurry of weapons tests. Sung Baikyou, an official from Pyeongchang's organizing committee, on Thursday downplayed worries that North Korea would scare away athletes and visitors to Pyeongchang. Organizers and government officials have held briefings and site inspections for Olympics officials, members and sponsors to reassure them of South Korea's security readiness. The 92 nations that have so far registered to participate in the Pyeongchang Games represent the largest ever Winter Olympics field. And after a slow start, organizers had managed to sell more than half of the available tickets by the end of November. Sung said there hasn't been any talk with the International Olympic Committee about moving or canceling the games. "It wouldn't make sense for anyone to cancel tickets to Pyeongchang because of fears about North Korea," Sung said. "There's no war; bombs aren't being dropped on Pyeongchang." Hyun Jae-gyung, an official from Gangwon province, which governs Pyeongchang and nearby Gangneung, a coastal city that will host the skating and hockey events during the Olympics, said cancelations at hotels and other accommodation facilities in the areas have been few and sporadic and unlikely linked to security concerns. But there's nothing organizers can do if North Korea raises fears even higher with more tests. North Korea has conducted 20 ballistic missile launches just this year, and the tests are becoming increasingly aggressive; some in the South fear that Washington might consider a pre-emptive strike on the North as the intercontinental ballistic missile tested Wednesday may be able to reach anywhere in the continental United States. Koh Yu-hwan, a North Korea expert at Seoul's Dongguk University and a security adviser to South Korea's presidential office, thinks it's highly unlikely that the North will do any significant weapons tests or other aggressive acts that would disrupt the Olympics. After Hwasong-15's successful flight test, delighted North Korean leader Kim Jong Un declared that the country has "realized the great historic cause of completing the state nuclear force." Many experts, including Koh, believe that this suggests the country could soon consider its nuclear program as "enough" and shift the focus to its dismal economy. It would do nothing for heavily-sanctioned Pyongyang to worsen its awful reputation by creating trouble during the Olympics, Koh said. In recent government statements, including the one announced after Wednesday's missile test, North Korea has repeatedly claimed itself as a "responsible" and "peace-loving" nation, something it has been emphasizing since the United States relisted the country as a state terror sponsor, Koh said. "Even if they do conduct a missile or nuclear test during the Olympics, the games will go on as tests don't start wars. But I think there's almost no possibility that they will," said Koh. "If anything, they might have pushed hard to get their tests done before the start of the Olympics." It would help ease worries if North Korea participates in the Pyeongchang Games. While a North Korean figure skating pair qualified for the Olympics in September, it's unclear whether the North will let them compete in the South. North Korea boycotted the 1988 Summer Olympics in South Korea's capital Seoul and has ignored the South's proposals for dialogue in recent months. Securing North Korea's commitment to attend the Pyeongchang Games will be a critical topic at the IOC's next executive board meeting in December, which will be the last one before the start of the Olympics. The IOC has already offered to pay the costs should North Korea decide to participate, and Pyeongchang officials have been talking about granting special entries for North Korean athletes in some ice sports. Kim Kyung-hyup, a lawmaker for South Korea's ruling party, said Thursday that Seoul should consider sending a special envoy to the North to persuade it to participate in the Pyeongchang Games. Other than hoping that North Korea accepts the invitation, organizers are stuck. "If there's any other solution, tell me," Sung said. "It's not like we can jump up and catch North Korean missiles with a net.".....»»

Category: sportsSource:  abscbnRelated NewsDec 1st, 2017

Tale of 2 cities: Olympics sponsors in Pyeongchang and Tokyo

em>By Youkyung Lee and Mari Yamaguchi, Associated Press /em> SEOUL, South Korea (AP) — The Winter Olympics coming to South Korea in February offer an example of the Olympian efforts often required to meet corporate sponsorship goals. Tokyo tells a different story: The coffers are already overflowing for the 2020 Summer Games. It's a tale of two cities and two Olympics — winter and summer. Pyeongchang is a little-known destination in one of South Korea's poorest provinces. It is the 'little town that could,' bidding twice unsuccessfully for the Winter Olympics before winning on its third try. A final push enabled it to reach its sponsorship target of 940 billion won ($830 million) in September, with just five months to go. Tokyo is an established global capital, and the Summer Games usually generate more excitement — and more money. Organizers have raised 300 billion yen ($2.7 billion) in sponsorship, twice any previous Olympics. International Olympic Committee Vice President John Coates describes it as a remarkable achievement. The divergent experiences of two Asian host cities illustrate the challenges that smaller bidders face, as well as South Korea's dependence on the big family-owned companies that dominate its economy. Not that Tokyo is home-free. The cost of the 2020 Games has nearly doubled from initial projections. As with most Olympics, taxpayers will have to foot a good part of the bill. ___ strong>WHERE 'CHAEBOLS' RULE /strong> Starting with the 1988 Seoul Olympics, South Korea has used mega-events such as the soccer World Cup to raise the profile of the country and its manufacturing exporters. Pyeongchang is different. The project was initiated by local politicians in an area long alienated politically and economically in South Korea's rise to prosperity. Some feared people would confuse the city's name with Pyongyang, the North Korean capital. They couldn't count on the automatic support of the huge family-run conglomerates, known as 'chaebol,' such as Samsung, Hyundai and LG. 'When such mega-events were the nation-state's key project, the chaebol were called on and were expected to become the leading participants,' said Joo Yu-min, a professor at the National University of Singapore who co-authored a book on South Korea's use of mega-events. In the end, the national government brought the conglomerates in, first in the bid process, and then for sponsorship. That underscores both the outsized role they play in the economy and their close ties with government. They owe a debt to special treatment from the government, which in turn used them to industrialize the country after the devastating 1950-53 Korean War. After Pyeongchang's bid was rejected a second time, the government called on Samsung and others to help. The president even pardoned Lee Kun-hee, the patriarch of the Samsung founding family who had been an IOC member but voluntarily suspended his membership after being indicted for tax evasion. The IOC reinstated Lee in 2010 with a reprimand and some restrictions, allowing him to lobby heavily for what became Pyeongchang's winning bid in 2011. It took three years for the organizing committee to sign its first domestic sponsor, KT Corp., the country's second-largest mobile carrier. Again, the national government asked the conglomerates for help. All the major ones signed on, after the office of then-President Park Geun-hye made a special request and multichannel pressures for financial assistance, Joo said. Elsewhere, companies may weigh sponsorship decisions based more on the marketing benefits. 'In South Korea, companies make donations out of a sense of duty that they are being part of the national event,' said Park Dong Min, the executive director overseeing membership at the Korea Chamber of Commerce and Industry. Sponsors who signed up late weren't willing to give as much, because there was less time to enjoy the marketing benefits. A bank that signed on less than a year before the Games significantly reduced its sponsorship. To top it off, a massive sports-related political corruption scandal rocked South Korea in 2016, just when Pyeongchang was making last-ditch efforts to raise sponsorship. 'Companies showed some reluctance' to sponsor the Olympics, said Eom Chanwang, director of the Pyeongchang organizing committee marketing team. 'Nevertheless, they still joined.' The scandal brought down Park, the president. Lee Jae-yong, the heir to the Samsung group, received a five-year sentence for bribery. Lee, who has appealed, had become de facto chief of the Samsung group after his father Lee Kun-hee, the IOC member pardoned in late 2009, fell ill. It was the younger Lee who signed an agreement with IOC President Thomas Bach to extend Samsung Electronics' sponsorship of the Olympics globally through 2020. Samsung declined interviews for this story. With the scandal still fresh in people's minds, major companies have held back from launching full-fledged marketing to promote the Games. 'Samsung traditionally has done consumer marketing through the Olympics, but because its chief is in jail, it cannot do as much these days,' said Kim Do-kyun, a sports professor at Kyung Hee University Graduate School of Physical Education. The Pyeongchang Games were the biggest victim of the scandal, he said. ___ strong>SUMMER OF '64 /strong> The president of Japan's biggest toilet manufacturer was seven years old when the Olympics first came to Japan. TOTO Ltd. made news in 1964 for its prefabricated toilet-and-bath units that helped speed the construction of a luxury hotel, the New Otani, in time for the Games. The company, now known for high-tech toilets that baffle some foreign visitors, is back as a sponsor of Tokyo 2020. 'I feel our company and the Olympics have been bonded by fate,' TOTO president Madoka Kitamura said at a sponsorship signing ceremony at the same hotel last year. The $2.7 billion in sponsorship for Tokyo 2020 is more than three times the original estimate. By comparison, sponsorship revenue was $848 million in Rio de Janeiro last year, and about $1.2 billion for both London 2012 and Beijing 2008. The Winter Olympics typically attract less, though Sochi, Russia, raised $1.2 billion in 2014. Analysts attribute Tokyo's success to both patriotism and a sense of nostalgia for the 1964 Summer Games. They were much more than a sports contest for Japan. They were a moment of pride, marking the country's return as an industrial power after the devastation of World War II and a seven-year U.S. occupation. 'All of Japan still recognizes the unique role that the 1964 Olympics played in Japan's stepping out onto the world stage,' said Michael Payne, a former IOC marketing director who now works as a consultant. 'Many of the CEOs of top Japanese companies would have been young kids back in '64 and are very aware of the role those Games played for the psychological recovery from the Second World War.' They grew up with the high-speed 'Shinkansen' bullet train, inaugurated in 1964; modern expressways and western-style toilets, all symbols of Japan's postwar economic growth. 'Now they have become business leaders, they want to contribute and leave something behind that can be remembered for the next 50 years,' said Masahiko Sakamaki, executive director of marketing for the Tokyo organizing committee. He said that memories of the recovery may have boosted interest in sponsorship, as Japan was still reeling from a deadly 2011 earthquake and tsunami when Tokyo won the bid in 2013. Sakamaki said the organizing committee started receiving sponsorship inquiries as soon as it was established in 2014, before the official start of sponsorship contracts in 2015. There is so much interest that the IOC is allowing Tokyo to have multiple sponsors in some categories, instead of the usual one, including in aviation, newspaper publishing, electronics and banking. TOTO officials won't say how much they are contributing, but media reports say companies in its sponsorship category give between 6 billion and 15 billion yen ($53 million to $133.5 million). Tokyo 2020 wouldn't comment on those reports. 'We believe our presence as part of an all-Japan effort toward a successful Olympics will enhance our favorable brand image,' said Mariko Shibasaki, the company's senior planner for sports communication. Thanks in part to robust sponsorship revenue, the organizing committee has increased its contribution to the cost of the games from 500 billion to 600 billion yen ($5.3 billion). The sponsorship revenue makes up half of the income in the privately-run organizing committee's operating budget. Other revenue comes from the International Olympic Committee, marketing and ticket sales. The overall cost of the Tokyo Olympics is estimated at 1.4 trillion yen (12.4 billion) with the Tokyo government shouldering 600 billion yen ($5.3 billion) and the remaining 200 billion yen (1.8 billion) paid by the national government and local governments hosting events. ___ em>Yamaguchi reported from Tokyo. Associated Press writer Stephen Wade in Rio de Janeiro contributed to this story. /em> .....»»

Category: sportsSource:  abscbnRelated NewsOct 12th, 2017

Ryan Lochte suspended 10 months after Rio scandal - reports

Ryan Lochte suspended 10 months after Rio scandal - reports.....»»

Category: newsSource:  rapplerRelated NewsSep 8th, 2016

Lochte takes full responsibility for Rio scandal

Lochte takes full responsibility for Rio scandal.....»»

Category: sportsSource:  thestandardRelated NewsAug 21st, 2016

IOC launches inquiry into Ryan Lochte mugging scandal

IOC launches inquiry into Ryan Lochte mugging scandal.....»»

Category: newsSource:  rapplerRelated NewsAug 20th, 2016

Vatican committee: Church credibility at risk over sex abuse

  VATICAN CITY --- Organizers of an upcoming Vatican summit on sex abuse prevention are warning that the credibility of the Catholic Church is in jeopardy over the abuse scandal and are urging participants to meet with victims personally before coming to Rome. In a letter sent Tuesday to the presidents of bishops' conferences worldwide, organizers said the church must develop a "comprehensive and communal response" to the crisis, and that the first step is "acknowledging the truth of what has happened." Pope Francis invited church leaders to the February 21-24 summit to respond to what has become the gravest threat to his papacy, as the sex abuse and cover-up scandal er...Keep on reading: Vatican committee: Church credibility at risk over sex abuse.....»»

Category: newsSource:  inquirerRelated News5 hr. 27 min. ago

HSBC sees inflation easing to 5.7% as food and fuel prices drop

HSBC sees inflation easing to 5.7% as food and fuel prices drop.....»»

Category: financeSource:  thestandardRelated News7 hr. 27 min. ago

Peso to struggle should remittances from Middle East stay in the red

The Philippine peso may “struggle” should money sent home by Filipinos in the Middle East continue to drop, a bank economist said......»»

Category: financeSource:  philstarRelated News9 hr. 6 min. ago

Goldman says former Malaysia gov t lied, after charges filed

KUALA LUMPUR, Malaysia – Goldman Sachs on Tuesday, December 18, accused the former Malaysian government and state fund 1MDB of lying to the bank, after Kuala Lumpur charged the Wall Street titan over a massive financial scandal. Malaysia's attorney-general Monday, December 17, filed criminal charges  against the US bank and two ........»»

Category: newsSource:  rapplerRelated News13 hr. 27 min. ago

Jessy Mendiola clarifies what is ‘appropriate’ touching from male friends, fans

Jessy Mendiola recalled her experience of being inappropriately touched by a male friend on"Tonight with Boy Abunda" last Dec. 13. It was back in October that Mendiola took to her Instagram wherein she called out "male friends" and told them not to touch her waist without her consentwhenever they would ask for a picture. She did not drop any names then, but called the act "inappropriate." She finally shared the story after being asked by TV host Boy Abunda about where her post was coming from. As per Mendiola, she was in a restaurant at the time when someone asked her if they could have a picture with her. "Sabi ko okay lang naman. Biglang hinawakan yung waist ko, medyo mala...Keep on reading: Jessy Mendiola clarifies what is ‘appropriate’ touching from male friends, fans.....»»

Category: newsSource:  inquirerRelated News17 hr. 27 min. ago

December spot power prices set to drop

PRICES at the Philippines’ Wholesale Electricity Spot Market (WESM) are expected to decline further this month because of reduced demand, according to its operator. In a quarterly report, the Independent…READ The post December spot power prices set to drop appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated News21 hr. 6 min. ago

December spot power prices set to drop | The Manila Times Online

PRICES at the Philippines Wholesale Electricity Spot Market (WESM) are expected to decline further this month because of reduced demand, according to its operator. In a quarterly report, the Independe.....»»

Category: newsSource:  manilanewsRelated News22 hr. 53 min. ago

Malaysia files charges against Goldman over 1MDB scandal

  KUALA LUMPUR, Malaysia – Malaysia filed criminal charges Monday, December 17, against Goldman Sachs and two of its former employees over the alleged theft of billions of dollars, heaping fresh pressure on the Wall Street titan over the 1MDB scandal. Goldman subsidiaries and ex-bankers Tim Leissner and Ng Chong Hwa ........»»

Category: newsSource:  rapplerRelated NewsDec 17th, 2018

LIST: What Catriona won at Miss Universe 2018

Newly crowned Miss Universe Catriona Gray will not only bring Philippines pride and honor, she will also receive perks and prizes from the Miss Universe Organization and its sponsors......»»

Category: newsSource:  philstarRelated NewsDec 17th, 2018

Macron government hopes yellow vest protests running out of steam

PARIS, France – The French government was on Sunday, December 16, hoping the sharp drop in "yellow vest" demonstrators signalled an end to the biggest crisis of Emmanuel Macron's presidency, but conceded "mistakes" had been made. Around 66,000 people turned out again on Saturday, December 15, across France for a fifth ........»»

Category: newsSource:  rapplerRelated NewsDec 17th, 2018