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Trade deficit shrinks in July

MANILA, Philippines — The country’s trade deficit fell 30.37 percent in July as the double-digit growth in exports offset the decrease in imports, the Philip.....»»

Category: financeSource: philstar philstarSep 13th, 2017

Lakers rally from 19-point deficit to beat Bulls 103-94

By Greg Beacham, Associated Press LOS ANGELES (AP) — Kyle Kuzma had 22 points, Kentavious Caldwell-Pope scored 11 of his 21 in the fourth quarter and the Los Angeles Lakers rallied from a 19-point deficit in the second half for a 103-94 victory over the Chicago Bulls on Tuesday night (Wednesday, PHL time). Brandon Ingram had 17 points, five rebounds and five assists as the Lakers won consecutive games for the second time this season. Los Angeles had a miserable first half and trailed 61-42 early in the second, but put together a 38-19 run. Caldwell-Pope's layup with 3:08 to play gave the Lakers their first lead since the first quarter. Caldwell-Pope added back-to-back three-pointers to get the LA crowd on its feet. After Ingram made a difficult layup with 1:16 left, Caldwell-Pope alertly kept a loose ball alive after Lonzo Ball missed a three-pointer, allowing the Lakers to seal their first win over the Bulls at Staples Center in three tries. Denzel Valentine scored 17 points and Antonio Blakeney added 15 — all in the first half — for the Bulls, who dropped to 3-12 with their seventh loss in eight games. Kris Dunn had 12 points and six assists in his second start of the season for Chicago. Ball had eight points, 13 rebounds and four assists. After posting his second career triple-double Sunday (Monday, PHL time) against Denver, the touted rookie missed seven of his first eight shots against Chicago, but provided strong playmaking down the stretch. The NBA's worst shooting team hit seven triples in the first half while taking an 18-point lead over the step-slow Lakers. Blakeney was a rookie surprise, hitting a career-high six shots in the opening minutes while the Bulls surged well ahead. Los Angeles committed 13 first-half turnovers, played poor defense and would have been buried without Kuzma's gritty scoring. TIP-INS Bulls: Fred Hoiberg promoted Dunn to the starting lineup in place of Jerian Grant, and the coach expects it to be a long-term move. Dunn has been a steady force off Chicago's bench, and Hoiberg expects Grant to take a similar role with the reserves going forward. ... David Nwaba missed the game with a sprained ankle. The LA native became a steady bench contributor for the Lakers last season, but Chicago snatched him off waivers in July while the Lakers shuffled their roster. Lakers: Los Angeles visits Chicago on Jan. 26 (Jan. 27, PHL time). ... F Larry Nance Jr. could be back with the team as early as next week. He had surgery on his broken left hand only three weeks ago, but has healed quicker than expected. TWINS Brook Lopez had four points on 2-for-10 shooting and nine rebounds for the Lakers against his twin brother, Robin, who had 14 points and three rebounds for the Bulls. The twins grew up in North Hollywood rooting for the Lakers, who acquired Brook Lopez in a trade with Brooklyn last summer. UP NEXT Bulls: At the Utah Jazz on Wednesday night (Thursday, PHL time). Lakers: At the Sacramento Kings on Wednesday night (Thursday, PHL time)......»»

Category: sportsSource:  abscbnRelated NewsNov 22nd, 2017

Trade deficit narrows in July amid rise in exports–PSA

Trade deficit narrows in July amid rise in exports–PSA.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 12th, 2017

Current account surplus shrinks in Q2 amid exports slump

THE country’s current account surplus shrank in the second quarter due to a slump in exports, with a central bank official noting that slashing the full-year forecast may be considered if the trade deficit persists......»»

Category: newsSource:  bworldonlineRelated NewsSep 16th, 2016

PH trade deficit widens yr-on-yr to $2.053B in July

The Philippines' trade deficit widened sharply in July from a year earlier, with both exports and imports posting declines, government data showed on Friday. &'8220;The balance of trade in goods (BOT-G) for the Philippines in July 2016 registered a defici.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 9th, 2016

Poll: 2017’s growth target in the bag

ECONOMISTS expect the country’s economic growth to have stayed robust and on target in 2017 on the back of higher household and government spending, albeit easing from 2016 as a widening trade deficit may have capped overall expansion. A poll of 12 economists yielded a gross domestic product (GDP) growth estimate median of 6.7% for […] The post Poll: 2017’s growth target in the bag appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 21st, 2018

Peso continues to drop

THE PESO continued to decline against the dollar on Thursday due to strong dollar demand  following the release of data showing a wider Philippine trade deficit. The local currency ended yesterday’s session at P50.80 versus the greenback, nine-and-a-half centavos weaker than its P50.705-per-dollar close on Wednesday. This is the peso’s weakest close in nearly two […] The post Peso continues to drop appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 18th, 2018

Peso plunges to one-month low

THE PESO plunged against the dollar on Wednesday as wider trade deficit and slow remittance growth dragged the currency down. The local currency ended yesterday’s session at P50.705 against the greenback, 21.5 centavos down from its P50.49-per-dollar finish on Tuesday. This is the peso’s weakest closing in over a month or since Dec. 6, when […] The post Peso plunges to one-month low appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 17th, 2018

Pressure mounting for monetary policy response to credit growth, imports — ANZ

By Melissa Luz T. Lopez, Senior Reporter IMBALANCES in the Philippine economy could intensify further amid an expected rise in commodity prices and accelerated credit and imports growth, analysts at ANZ Research said, in the absence of policy rate hikes from the central bank. An “elevated” trade deficit coupled with inflation pressures will continue to […] The post Pressure mounting for monetary policy response to credit growth, imports — ANZ appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 16th, 2018

Trade gap widens to $3.7B in November

The country’s trade deficit widened to USD3.78 billion in November 2017 as imports continue to outpace exports due to higher shipments of raw materials and intermediate goods and capital goods, the Philippine Statistics Authority (PSA) reported on Wednesday. The PSA said imports posted a hefty growth of 18.5 percent as….....»»

Category: newsSource:  journalRelated NewsJan 12th, 2018

Comment on Trade deficit widens in November as imports outpaced exports by Trade deficit widens in November as imports outpaced exports | Manila Informer

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Category: newsSource:  bworldonlineRelated NewsJan 11th, 2018

Trade deficit widens 52% in Nov

MANILA, Philippines — The trade deficit widened to 51.8 percent in November due to heavier imports of raw materials, intermediate goods and capital goods, as.....»»

Category: financeSource:  philstarRelated NewsJan 11th, 2018

Trade deficit hits record high in Nov

THE Philippines’ trade deficit hit a new record high in November following significant growth in imports, the Philippine Statistics Authority (PSA) reported on Wednesday. Inbound shipments rose by 18.5 percent year-on-year to $8.74 billion, PSA data showed, while exports grew at a slower pace of 1.6 percent to $4.96 billion. The total balance of trade [...] The post Trade deficit hits record high in Nov appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 11th, 2018

Trade gap biggest on record in November; factory production continues to slide — PSA

By Lourdes O. Pilar, Researcher and Camille A. Aguinaldo THE COUNTRY’s trade-in-goods deficit continued to widen in November last year, bringing the gap to yet another record high after merchandise import growth outpaced exports’ increase. Preliminary data released yesterday by the Philippine Statistics Authority (PSA) showed the November trade deficit reaching $3.781 billion, wider than […] The post Trade gap biggest on record in November; factory production continues to slide — PSA appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 10th, 2018

Trade deficit widens in November as imports outpaced exports

THE Philippines registered a November trade deficit of $3.78 billion in its balance of trade in goods, wider than the $2.49 billion shortfall in the same month last year, the Philippine Statistics Authority reported earlier. Merchandise exports grew 1.6% to $4.96 billion in November according to the government’s latest trade data that was released earlier […] The post Trade deficit widens in November as imports outpaced exports appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 10th, 2018

Agriculture trade deficit narrows in Q3

By Mark T. Amoguis, Researcher THE TRADE DEFICIT in agriculture commodities narrowed in the third quarter, the Philippine Statistics Authority (PSA) said on Friday. Data from the PSA showed the country shipped out $1.605 billion worth of agricultural goods in the third quarter of the year, a 14.34% increase from the $1.403 billion in the […] The post Agriculture trade deficit narrows in Q3 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 29th, 2017

Notes to know: 2017 NBA Christmas Day games

NBA press release Here are some important stats and info about this year's batch of NBA Christmas Day (Dec. 26, PHL time) games PHILADELPHIA 76ERS @ NEW YORK KNICKS (1am, PHL time on NBA League Pass) All-Time Head-to-Head: PHI leads 244-201 Christmas Head-to-Head: PHI leads 6-5 Christmas Day Records: PHI – 16-13 (Last: 2001) | NYK – 22-29 (2016) • Philadelphia and New York are meeting for the first time this season. • The Knicks are playing in their NBA-high 52nd Christmas Day game, a history that dates to 1947, when the team defeated the Providence Steamrollers 89-75 during the first edition of the NBA on Christmas. New York’s 22 victories are tied for the most on Christmas with the Lakers. • Philadelphia is playing on Christmas for the first time since 2001 – an 88-82 loss to the Lakers in a rematch of the 2001 NBA Finals. • New York and Philadelphia are meeting on Christmas for the first time since 1978. • The matchup features three potential first-time All-Star selections in the 76ers’ Joel Embiid and Ben Simmons and the Knicks’ Kristaps Porzingis. All three international standouts have unique skill sets relative to their size and position. • Both teams have a substantial international presence. Five of the 10 projected starters hail from outside the U.S.: Philadelphia’s Joel Embiid (Cameroon), Dario Saric (Croatia) and Ben Simmons (Australia), and New York’s Enes Kanter (Turkey) and Kristaps Porzingis (Latvia). Other countries represented on the two rosters are France, Spain and Canada.   • Knicks coach Jeff Hornacek played for the 76ers for two seasons (1992-94). He was part of the trade the sent Hall of Famer Charles Barkley from Philadelphia to Phoenix in 1992. CLEVELAND CAVALIERS @ GOLDEN STATE WARRIORS (4am, PHL time on S+A and NBA Premium) All-Time Head-to-Head: GSW leads 57-52 Christmas Head-to-Head: Tied 1-1 Christmas Day Records: CLE – 7-6 (Last: 2016) | GSW – 11-15 (Last: 2016) • Cleveland and Golden State are meeting for the first time since the 2017 NBA Finals. • This is the third consecutive Christmas Day matchup between the teams. The last teams to meet three straight years on Christmas were the Lakers and Heat from 2004-06. • Last season’s Christmas matchup was a classic. Cleveland rallied from a 14-point fourth-quarter deficit and Kyrie Irving made a game-winning shot with 3.4 seconds left. • Last season, the Cavs and Warriors became the first teams to meet in three straight NBA Finals. • The rosters have combined for 55 All-Star selections and eight of the last nine MVP awards. • Cleveland’s Dwyane Wade is the NBA’s winningest player on Christmas Day (10-2). This year will be his 13th Christmas game, tied for the second-most appearances behind Kobe Bryant (16).   • Teammates LeBron James and Dwyane Wade are tied for third in scoring (301 points) and assists (76) on the NBA’s all-time Christmas Day lists, making them the active leaders in both categories. Kobe Bryant (395) and Oscar Robertson (377) are the top two in scoring. Robertson (145) and Bryant (85) are the top two in assists. • Cleveland’s Isaiah Thomas could be back in time from his hip injury to play on Christmas. Last season, Thomas finished fifth in the MVP voting – just behind new teammate LeBron James and just ahead of his point guard counterpart in this game, Stephen Curry (health permitting). • Golden State forward Kevin Durant’s 44-point performance for Oklahoma City against Denver in 2010 is the highest-scoring game by an active player on Christmas Day. WASHINGTON WIZARDS @ BOSTON CELTICS (6:30am, PHL time on NBA League Pass) All-Time Head-to-Head: BOS leads 187-111 Christmas Head-to-Head: BOS leads 1-0 Christmas Day Records: WAS – 15-7 (Last: 2014) | BOS – 13-17 (Last: 2016) • This is the first meeting between the Celtics and Wizards since their dramatic playoff series in the 2017 Eastern Conference Semifinals. Boston won in seven games. • The Celtics have four new starters since last facing the Wizards – including 19-year-old Jayson Tatum and 21-year-old Jaylen Brown – and yet Boston has gotten off to the NBA’s best start. • The Celtics are playing a home game on Christmas Day for the first time in franchise history. Boston has played 30 previous games on Christmas – 28 on the road and two at neutral sites. • In the teams’ only Christmas Day matchup, Boston defeated the Baltimore Bullets 113-99 in 1965. In that game, Bill Russell grabbed 34 rebounds for the Celtics. • Twin brothers Marcus Morris of the Celtics and Markieff Morris of the Wizards square off for the first time with Marcus in a Celtics uniform. Marcus was traded from Detroit in the offseason. • Washington’s John Wall (2010) and Boston’s Kyrie Irving (2011) were the top overall picks in their respective NBA Drafts and have each appeared in four NBA All-Star Games. • Washington’s Bradley Beal is making a strong push to be a first-time All-Star selection. He recently scored a career-high 51 points in a game against Portland. HOUSTON ROCKETS @ OKLAHOMA CITY THUNDER (9am, PHL time on BTV) All-Time Head-to-Head: OKC leads 107-106 Christmas Head-to-Head: First meeting Christmas Day Records: HOU – 5-4 (Last: 2015) | OKC – 5-13 (Last: 2016) • Houston and Oklahoma City are meeting for the first time since the Rockets defeated the Thunder in five games in the first round of the 2017 playoffs. • Former teammates Russell Westbrook and James Harden dueled for the MVP last season. Westbrook earned the honor and Harden finished second. Harden, however, was the only unanimous selection to the 2016-17 All-NBA First Team.   • James Harden leads the NBA in scoring and narrowly trails Russell Westbrook for the assists lead. The only player to lead in both categories for a season is Tiny Archibald in 1972-73. Last season, Harden ranked second in scoring behind Westbrook and was the league leader in assists.   • The center matchup features two top young international big men in Houston’s Clint Capela (Switzerland) and Oklahoma City’s Steven Adams (New Zealand).    • Carmelo Anthony is averaging 33.2 points in five Christmas Day games, the highest mark among all players who have appeared in four or more games on the holiday. • The Seattle SuperSonics went 0-11 on Christmas Day. Since the franchise moved to Oklahoma City and became the Thunder, the team is 5-2 on Christmas. MINNESOTA TIMBERWOLVES @ L.A. LAKERS (11:30am, PHL time on NBA Premium) All-Time Head-to-Head: LAL leads 77-29 Christmas Head-to-Head: First meeting Christmas Day Records: MIN – 0-1 (Last: 2016) | LAL – 22-21 (Last: 2016) • Minnesota and Los Angeles are meeting for the first time this season. • This year marks the Lakers’ 19th consecutive appearance on Christmas Day. Los Angeles has appeared in the second-most Christmas Day game in history (43) and is tied with the Knicks for the most victories (22).   • The Lakers made their first 11 Christmas Day appearances (1949-1959) when the franchise was in Minneapolis. • Last year was Minnesota’s first game on Christmas Day. The Timberwolves lost to Oklahoma City 112-100. • Minnesota’s Andrew Wiggins averaged 37.8 points in four games against the Lakers last season, including a career-high 47 points on Nov. 13, 2016, and 41 points on April 9, 2017. • The Timberwolves, fifth in the West midway through Week 8 of the season, are looking to make the playoffs for the first time since 2004. That season, they lost in the Western Conference Finals to a Lakers team that included current Lakers coach Luke Walton. • The Lakers are seeking to build around former No. 2 overall draft picks Brandon Ingram and Lonzo Ball in much the same way that the Timberwolves are bringing along former No. 1 overall draft picks and NBA Rookie of the Year winners Karl-Anthony Towns and Andrew Wiggins......»»

Category: sportsSource:  abscbnRelated NewsDec 23rd, 2017

LeBron, Cavs win 12th straight at home, 115-112 over Bulls

By Tom Withers, Associated Press CLEVELAND (AP) — LeBron James scored 34 points, Kevin Love added 27 and the Cleveland Cavaliers won their 12th straight home game, 115-112 over the Chicago Bulls on Thursday night (Friday, PHL time) as injured point guard Isaiah Thomas moved even closer to his return. James had 11 points in the fourth quarter and dropped a pair of free throws with 11.1 seconds left as the Cavs won for the 19th time in 21 games and ended Chicago's seven-game winning streak. With Cleveland's Jae Crowder guarding him closely, Chicago's Denzel Valentine was short on a tying three-pointer in the final second. Dwyane Wade had three steals and two blocks in the fourth quarter for Cleveland, which improved to 3-0 against the Bulls this season. Rookie Lauri Markkanen scored 25 points, Valentine had 18 and Nikola Mirotic 15 for the Bulls, who lost for the first time since Dec. 6 (Dec. 7, PHL time). Chicago's win streak followed a 10-game losing skid. The Bulls battled back from a 10-point deficit early in the fourth and were within four at 111-107 when James, who has been so clutch in the fourth quarter all season, sank a fadeaway baseline jumper. Chicago pulled to 113-112 on Valentine's layup before James made his two free throws and Cleveland got the key defensive stop to end it. Cavs coach Tyronn Lue missed the game with an undisclosed illness. Assistant coach Larry Drew filled in for Lue, who conducted his usual media session about 90 minutes before tip-off and was in Cleveland's locker room before the team announced he was sick. That wasn't the only news during a hectic pregame for the Cavs as starting guard J.R. Smith was a late scratch with a sore left knee and Thomas took the floor dressed in his uniform and participated in pregame warmups with his teammates for the first time since arriving in Cleveland. Earlier in the day, Thomas was assigned to the Cavs' Canton G-League affiliate so he could practice and take part in a full-court scrimmage. There's still no definitive date for Thomas to make his debut with Cleveland, but he's closer than ever. Lue did rule Thomas out of Monday's (Tuesday, PHL time) Christmas Day marquee matchup with Golden State, but it's possible the 28-year-old All-Star, who was acquired this summer in a blockbuster trade with Boston, could play next week when the team heads to Sacramento and Utah. TIP-INS Bulls: Bulls: G Zach LaVine (left knee) and G Cameron Payne (right foot) have yet to play this season and remain out. ... Dropped to 3-13 on the road. ... Valentine, who has stepped up his game lately, made three consecutive three-pointers early in the third. ... Chicago attempted just one free throw in the first half. Cavaliers: Cleveland has made at least 10 three-pointers in a franchise-record 22 straight games. ... James became the first player to appear in 800 games for Cleveland. ... Smith's knee flared up following the morning shootaround and he was kept out as a precaution. ... G Derrick Rose still isn't ready to return to the floor after being sidelined with an ankle injury that had him evaluating his future. Lue said Rose is doing some light workouts, but "nothing too fast right now as far as on the court. But his spirits are great, great having him back. Just the most important part, just getting him back healthy." UP NEXT Bulls: Continue three-game trip at Boston on Saturday (Sunday, PHL time). Chicago beat the Celtics 108-85 at home on Dec. 11 (Dec. 12, PHL time). Cavaliers: Visit Golden State on Christmas (Dec. 26, PHL time) in a holiday rematch of the last three NBA Finals......»»

Category: sportsSource:  abscbnRelated NewsDec 22nd, 2017

Balance of payments gap shrinks in Nov.

THE COUNTRY’s balance of payments (BoP) remained in deficit in November as the government settled its foreign debts, although substantially narrower than the peak recorded a year back, the central bank reported late Tuesday. The external payments position settled at a $44-million deficit last month, down from the $368-million gap posted in October and from […] The post Balance of payments gap shrinks in Nov. appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 20th, 2017

Jimmy Time! Garoppolo leads 49ers to third straight win

By Janie McCauley, Associated Press SANTA CLARA, Calif. (AP) — Jimmy Garoppolo led one final scoring drive in the closing seconds to cap a fantastic first home start, Robbie Gould kicked a game-winning 45-yard field goal as time expired, and the San Francisco 49ers topped the Tennessee Titans 25-23 on Sunday. Garoppolo threw for a career-high 381 yards and a touchdown during a dominant day to give the 49ers (4-10) a three-game winning streak in a lost season. And Tom Brady’s former backup showed he could do it at home as well as on the road — and against a playoff contender, no less — outdueling Marcus Mariota down the stretch as the teams traded field goals. Gould kicked three of his six field goals over the final nine minutes: 50, 48 and 45 yards and has now gone 20 consecutive without a miss. Gould put the Niners out front on a 48-yarder with 3:08 remaining. Mariota then drove the Titans (8-4) to a lead as Ryan Succop kicked a 50-yard field goal with 1:07 to play, then Garoppolo and the San Francisco offense got one last shot. It took three tries this season, and first-year coach Kyle Shanahan finally found his reliable, playmaking quarterback after acquiring Garoppolo from New England at the October trade deadline. Garoppolo showed that in 67 seconds when forced into late action in a loss to Seattle three weeks ago at Levi’s Stadium, then in back-to-back road games before shining again Sunday. Marquise Goodwin made 10 catches for 114 yards and Garoppolo completed 31 of 43 passes to go over 300 yards passing for the second straight game after last week’s win at Houston. Mariota put Tennessee ahead on an 8-yard touchdown pass to Rishard Matthews early in the fourth as the Titans rallied back from an early 13-point deficit. The 49ers were in good position the ensuing possession before Garoppolo was sacked by Wesley Woodyard for a 10-yard loss. Then, Gould converted a 50-yarder. Tennessee came out of intermission a new team, totaling 22 offensive plays to San Francisco’s five in the third quarter. Garoppolo became the first 49ers quarterback since the merger in 1970 to win each of his first three starts and just the second QB to do so in franchise history. Y.A. Tittle did so spanning the 1951-52 seasons. He threw a 5-yard touchdown pass in the second quarter to tight end Garrett Celek — whose great play in recent weeks has earned the nickname of “Celek Time.” Celek later had a 41-yard catch. Garoppolo didn’t even have Trent Brown to block for him after the right tackle went on injured reserve with a right shoulder injury that will require surgery. Mariota threw a 4-yard TD pass to former 49er Delanie Walker late in the first half to keep the Titans close. Garoppolo was 5 of 6 passing on his opening possession as San Francisco mixed its play calls well to catch the stingy Titans defense off guard. Gould’s 38-yarder capped the 12-play, 64-yard initial drive. Gould hit a 48-yarder late in the first and then kicked one from 28 yards just before halftime. The Titans played a second straight road game against the NFC West after losing last week to the Cardinals and staying in Arizona for the week of practice. Their first visit to Levi’s Stadium — Tennessee last played the Niners on the road at Candlestick in November 2009 — began slowly, the team’s second straight week playing a stadium for the initial time. Mariota, in the midst of one of the worst stretches of his three-year career, threw for 241 yards completing 23 of 33 passes. DEFENSIVE FLOP Tennessee’s typically tough defense was a far cry from that dominant unit in the first half. Garoppolo threw for 189 yards and the Niners outgained the Titans 219-136 in the first half. The 49ers didn’t punt until more than midway through the third quarter. Last week, the Titans allowed only four field goals, the second time this season they’d done so. From Week 5, Tennessee had been allowing only 295.1 yards per game. INJURIES Titans: CB Logan Ryan sustained an ankle injury in the second quarter. 49ers: WR Aldrick Robinson suffered a concussion in the first quarter. He went to the locker room with head and wrist injuries after he was hit hard by Titans cornerback Adoree’ Jackson along the Tennessee sideline. Robinson was stretching out trying to make a catch when he got slammed and went down for several minutes with 5:24 to go in the opening quarter. UP NEXT Titans: Host the Rams next Sunday and home the final two weeks. 49ers: Host Jaguars next Sunday......»»

Category: sportsSource:  abscbnRelated NewsDec 18th, 2017

Cards Piscotty dealt to A s after mother diagnosed with ALS

LAKE BUENA VISTA, Fla. (AP) — Stephen Piscotty has been traded by the St. Louis Cardinals to the Oakland Athletics for two infield prospects, allowing the outfielder to be near his family's home in Pleasanton, California, following his mother's diagnosis with Lou Gehrig's disease. Gretchen Piscotty was diagnosed in May with amyotrophic lateral sclerosis, a disease that attacks nerve cells. Her son left the Cardinals for five days after the diagnosis and returned May 31. "You are never making a player trade simply for geographic or sentimental reasons," John Mozeliak, president of baseball operations for the Cardinals, told St. Louis media. "It had to be something that made sense for us. There were certainly some opportunities to move him elsewhere. When you are looking at how to break a tie, clearly that did play into it." St. Louis receives Yairo Munoz and Max Schrock in the deal announced Thursday. The 26-year-old Piscotty hit .235 with nine homers and 39 RBIs in 107 games last season, spending stretches on the disabled list because of a strained hamstring and groin. He was selected by St. Louis from Stanford with the 36th overall pick in the 2012 amateur draft, made his big league debut in July 2015. Piscotty hit 22 home runs with 85 RBIs in 2016, and has batted .268 with 38 homers and 163 RBIs in 2½ major league seasons. Piscotty agreed in May to a $33.5 million, six-year contract. Munoz, 22, hit .300 with 13 homers and 68 RBIs this year for Double-A Midland and Triple-A Nashville. Schrock, 23, batted .321 with seven homers and 46 RBIs for Midland, and was a Texas League All-Star......»»

Category: sportsSource:  abscbnRelated NewsDec 15th, 2017