Michael's Feed
Nov 2, 2015

Manager Collins went with his heart and it cost the Mets

NEW YORK (Reuters) – New York Mets manager Terry Collins let his emotions get the best of him on Sunday, and the team gave up another lead late as they lost the World Series to the Kansas City Royals.

“I let my heart get in the way of my gut. I love my players,” Collins said of his decision to send starting pitcher Matt Harvey back out to the mound for the ninth inning of Game Five of the Fall Classic with a 2-0 lead.

Nov 1, 2015

Nightmare at Citi Field as Mets lose another lead late

NEW YORK (Reuters) – It was a Halloween nightmare for the New York Mets as they watched a late one-run lead in Game Four of the World Series slip away under second baseman Daniel Murphy’s glove.

Murphy, whose seven home runs earlier in the postseason were a significant driver of the Mets’ success, was unable to field a soft grounder hit by Kansas City’s Eric Hosmer off Mets closer Jeurys Familia in the eighth, allowing the tying run to score.

Oct 31, 2015

Royals fired up after Game Three loss to Mets

NEW YORK (Reuters) – The Kansas City Royals were riled up following a 9-3 loss in Game Three of the World Series on Friday because New York Mets pitcher Noah Syndergaard knocked down shortstop Alcides Escobar with the first pitch of the game.

“The whole team was pretty upset. The first pitch of the game goes whizzing by our leadoff man’s head,” Royals third baseman Mike Moustakas said. “All 25 guys in that dugout were pretty fired up.”

Oct 30, 2015

U.S. SEC approves new crowdfunding rules

By Michael Erman

(Reuters) – U.S. securities regulators approved new
crowdfunding rules on Friday, allowing start-up companies to
raise money from mom-and-pop investors over the internet.

Private companies were previously allowed to solicit only
accredited investors – those with a net worth of at least $1
million, excluding the value of their homes, or annual income of
more than $200,000.

Sep 10, 2015

NYC taxi lenders face risks after Uber suit dismissed

NEW YORK (Reuters) – New York credit unions that have run up
large exposures to the city’s iconic yellow cabs are facing a
sharp increase in loan losses after a judge threw out a legal
challenge to ride-hailing service Uber Technologies Inc
.

Four credit unions that have lent out large sums of money
for taxi medallions, which yellow cab drivers need to operate,
had sued the city of New York, arguing that Uber’s technology
infringed on the drivers’ exclusive rights to pick up passengers
who hail them on the streets.

Jun 15, 2015

Guesswork, inconsistency nag U.S. shale oil accounting

HOUSTON/NEW YORK (Reuters) – Steep downward revisions to oil and gas reserves at the end of this year are likely to increase scrutiny of how energy companies tally future barrels – a process that has become more opaque with the rise of shale drilling.

The revisions due in December will reflect a deep plunge in crude prices and should not come as a surprise for investors who have been pouring billions of dollars into U.S. oil companies betting that crude prices will recover.

Jun 15, 2015

Analysis – Guesswork, inconsistency nag U.S. shale oil accounting

HOUSTON/NEW YORK (Reuters) – Steep downward revisions to oil and gas reserves at the end of this year are likely to increase scrutiny of how energy companies tally future barrels – a process that has become more opaque with the rise of shale drilling.

The revisions due in December will reflect a deep plunge in crude prices and should not come as a surprise for investors who have been pouring billions of dollars into U.S. oil companies betting that crude prices will recover.

Jun 11, 2015

Insight – Automated lenders threaten to eat banks’ lunch

NEW YORK (Reuters) – When Kevin Pereira needed a loan last year for his shaving gear business, his bank, Wells Fargo, considered his application and turned him down.

    After a Google search, Pereira, 26, found Kabbage, an on-line lender that used high tech tools to evaluate his credit, including analysing his company’s Facebook page and looking for quirks in how he navigated the Kabbage Web site. The lender sifted through his company’s credit card data and its checking account information.

Jun 11, 2015

Insight – Automated lenders threaten to eat banks’ lunch

NEW YORK (Reuters) – When Kevin Pereira needed a loan last year for his shaving gear business, his bank, Wells Fargo, considered his application and turned him down.

    After a Google search, Pereira, 26, found Kabbage, an on-line lender that used high tech tools to evaluate his credit, including analysing his company’s Facebook page and looking for quirks in how he navigated the Kabbage Web site. The lender sifted through his company’s credit card data and its checking account information.

Jun 11, 2015

Automated lenders threaten to eat banks’ lunch

NEW YORK, June 11 (Reuters) – When Kevin Pereira needed a
loan last year for his shaving gear business, his bank, Wells
Fargo, considered his application and turned him down.

After a Google search, Pereira, 26, found Kabbage, an
on-line lender that used high tech tools to evaluate his credit,
including analyzing his company’s Facebook page and looking for
quirks in how he navigated the Kabbage Web site. The lender
sifted through his company’s credit card data and its checking
account information.