January 27, 2021

Husky Announces Expansion Plans in Milton

first_imgHusky Injection Molding Systems has announced a $13 million expansion plan for its Milton, Vermont plant. The expansion could bring as many as 100 jobs to the area within the next year. Husky has begun the hiring with 50 new jobs now with the prospect of hiring an additional 50 over the coming year. These jobs would be in engineering, manufacturing and support.Plans include a 17,000 square foot addition to the Husky plant located on North Road in Milton. There are plans to move part of the operation to a 20,000 square foot plant in the Catamount Industrial Park in Milton.The construction will start as soon as permits are in hand and completion of the project is slated for September.Husky manufactures molds and machines for the plastics industry and employs 400 at its Milton Plant.last_img read more

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3 compliance hotspots for your credit union in 2016

first_img2015 culminated with one of the biggest changes to ever impact mortgage lending, the disclosure integration of Truth in Lending and the Real Estate Settlement Procedures Act. Full compliance with the new rule is something many credit unions are still working on and that will continue to be the case in 2016. Beyond that, though, three areas stand out as compliance hotspots for 2016: the implications of money service businesses on your Bank Secrecy Act program, compliance management expectations, and the complaint management process.MSBs and Your BSA ProgramMSBs are entities that generally provide products and services involving money orders, traveler’s checks, currency exchange, check cashing, and the like. These products and services often involve cash and currency and can correspond to a greater risk of fraud and money laundering. Consequently, more due diligence is required to manage that risk and avoid BSA violations.A phenomenon among mega-banks known as “derisking” increases the likelihood MSBs will approach credit unions to establish account relationships. When mega-banks “derisk” an MSB, they decide the BSA risk is too great to provide account services to that MSB. Further, instead of spending the time and resources necessary to conduct initial and ongoing due diligence on individual MSBs and manage the risk, mega-banks may decide to not work with any MSBs and avoid the due diligence and BSA risk all together. continue reading » 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Michigan State able to hit free throws, put away cold-shooting UW at game’s end

first_imgEAST LANSING, Mich. — Throughout the first 10 minutes of Thursday night’s contest, it looked as if Wisconsin had Michigan State right where they wanted them. After Michigan State center Paul Davis registered two quick fouls in the game’s opening minutes, Wisconsin went on a 14-2 run in the six minutes Davis was on the bench to build a 23-13 lead.However, a key foul call on Alando Tucker forced Wisconsin’s leading scorer to sit on the bench with 10:21 remaining in the first half. With Wisconsin forward Jason Chappell also on the bench in foul trouble, Michigan State coach Tom Izzo elected to leave Davis in the game. The move paid off, as Davis’ aggressiveness led the Spartans on a quick 9-0 run over the next three minutes to bring Michigan State and the Spartans’ student section, aptly called the “IZZone,” back to life.”That was definitely a game-changing call because as soon as they called that, [Michigan State] went on a run when I had to sit down,” Tucker said. “We were working our plan [well] early, and they got some momentum going their way. It’s hard trying to stay with a team of this caliber when they have the fans and the momentum on their side.”Capping off an 18-8 run to end the first half, the Spartans continued driving right at Wisconsin to begin the second half. When Chappell picked up his fourth foul just 13 seconds into the half, Davis led the charge in the paint, scoring the next six Michigan State points to help push the Spartan lead to 12.Wisconsin wouldn’t quit, however, as the Badgers slowly chipped away at the Spartan lead over the next 10 minutes to put them within reach. After Tucker was fouled at the 5:07 mark, Wisconsin had an opportunity to cut the insurmountable lead to just three. Unfortunately for Wisconsin, that’s when the wheels came off.Tucker missed both free throws on the foul shot, with Michigan State recovering the rebound. The outlet pass found its way into the hands of senior Maurice Ager, who sank the jumper and was fouled by Michael Flowers. From that point on, Ager took over, scoring 12 of his 19 points in the five minutes to push the Spartan lead to 14, their biggest of the game, to put the game out of reach for Wisconsin.”That stretch right around the five-minute mark [hurt],” UW head coach Bo Ryan said. “We get a couple of free throws that don’t go in, and all kinds of things could have happened then. As a coach and as a team — you are playing on the road in a [two]-possession game — that is where you would like to keep it. We’ve been in those kinds of games before and we’ve been able to win them. Then we let it get to 14 points, and that was the ball game. They played better than we did.”Besides the Spartan scoring runs, the story of the game was the scoring spree led by Michigan State’s “Big Three” against the Badgers. Davis and Ager, along with junior Shannon Brown, scored a combined 64 points for the Spartans, with Davis leading the way with a game-high 27 points. With both big men, Chappell and Joe Krabbenhoft, missing significant time due to foul trouble, Wisconsin had trouble getting in a rhythm defensively.”The biggest problem was on the defensive end [tonight],” Tucker said. “It’s hard trying to guard those three guys. We contained Brown for most of the second half, Ager knocked down some big shots at the end and Davis was a force the entire game. We couldn’t get any stops, and when they are knocking down shots like that, they have momentum on both sides of the ball.”Unfortunately for Wisconsin, the Badgers didn’t have the same success scoring baskets, especially point guard Kammron Taylor. Taylor finished the night just 9 points on 4-18 shooting from the field and 0-5 from beyond the arc. Shooting 41 percent just three weeks ago, Taylor has shot just 27 percent since, scoring no more than 12 points in his last four games. With Wisconsin closing out the regular season in just two days at Iowa, it will be important for Taylor to stay upbeat and remain confident in his abilities.”He had a tough game, especially after starting out strong,” Tucker said. “These are the games that we’ve got a short turnaround, and he’s our point guard. We have a lot to look forward to, and we can’t let him get down. If we want to be a better team, he has to stay confident and know that we’re still behind him, good game or bad game, because these kind of games happen.”last_img read more

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Canelo Alvarez’s IBF middleweight title vacated

first_imgSaul “Canelo” Alvarez’s IBF middleweight title has been vacated.The news became official Thursday when Canelo’s camp could not come to an agreement with mandatory challenger Sergiy Derevyanchenko on a purse bid for a potential matchup. The IBF notified Alvarez of the decision to strip him of his title in a letter sent out Thursday.”It is crystal clear from the correspondence that on July 26, 2019, (Golden Boy matchmaker) Robert Diaz, on behalf of Golden Boy Promotions, agreed that Saul ‘Canelo’ Alvarez would relinquish the IBF middleweight championship title, with no further negotiations or purse bid, if there was no completed deal between him and Derevyanchenko by the agreed upon extended deadline of Monday July 29, 2019 at 3 p.m. ET,” IBF president Daryl Peoples wrote in the letter, a copy of which was obtained by ESPN. “As of today, August 1, 2019, the IBF has been advised that there is no such deal.”Join DAZN and watch more than 100 fight nights a yearAlvarez (52-1-2, 35 KOs) was attempting to sidestep the mandatory fight against Derevyanchenko for a matchup with WBO titleholder Demetrius Andrade that potentially would have unified the WBO, IBF and WBA titles.There had been multiple postponements of the end date for an agreement on a fight with Derevyanchenko in an attempt to avoid vacating the title, but Peoples in his letter explained why the IBF couldn’t wait any longer. “As to Golden Boy’s request of August 1, 2019 for approval to allow Alvarez to unify the title with WBO middleweight champion Demetrius Andrade (on) or about October 2019, IBF Rule 10 F.5 does not allow a boxer to request an exception since the IBF has sent out the notice of the date of the purse bid,” Peoples wrote. “In this case the notice was sent out and the purse bid has been postponed. In addition, the boxers who were involved in the purse bid are not permitted to take any intervening bouts and if the champion does take an intervening bout he will forfeit the title. Rule 10 F.6. For the foregoing reasons, the IBF hereby declared the middleweight title vacant.”Golden Boy chairman and CEO Oscar De La Hoya said in a statement Thursday night that the decision was an “insult” to boxing and to boxing fans:Oscar De La Hoya weighs in on the IBF stripping Canelo Alvarez pic.twitter.com/mUS7EHTrvf— Mike Coppinger (@MikeCoppinger) August 2, 2019Derevyanchenko (13-1) may have a matchup with Gennady Golovkin awaiting him as he tries to avenge the one loss in his career.Correction: The IBF title once held by Canelo Alvarez has been formally vacated by the IBF. Golden Boy tried to squeeze one more day to come up with the money to satisfy @SDerevyanchenko, but the IBF wouldn’t budge. Derevyanchenko moves on, most likely to @GGGBoxing.— Chris Mannix (@SIChrisMannix) August 2, 2019last_img read more

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