View post tag: Transits View post tag: News by topic View post tag: Naval View post tag: Navy View post tag: Cruiser The guided-missile cruiser USS Anzio (CG 68) safely transited through the Strait of Gibraltar to enter into the 6th Fleet area of responsibility, May 21.The Strait of Gibraltar is a narrow transit which separates Europe and Africa by only seven miles at its most narrow point, connecting the Atlantic Ocean to the Mediterranean Sea. It is also a very busy route with a significant amount of commercial traffic.“The hardest part about the transit for this ship is the traffic,” Quartermaster 1st Class (SW) Jussusam Cardoso, the ship’s assistant navigator, said. “The navigation team assists in tracking the other vessels and will make recommendations to the conning officer and officer of the deck for a course change.”The transit takes a significant amount of support from the bridge team, security forces, helmsman, and to the Sailors that monitor radio and satellite activity and down in the engineering plants.“The Anzio team executed the transit well,” Capt. John M. Dorey, Anzio’s commanding officer, said. “Every member from the bridge team, lookouts, the combat information center team and weapons crew knew what we had to get done and were on top of their game.”Anzio is underway as part of the George H.W. Bush Strike Group. The Strike Group is made up of Carrier Strike Group (CSG) 2, USS George H.W. Bush (CVN 77), Carrier Air Wing (CVW) 8, Destroyer Squadron (DESRON) 22 staff, guided-missile cruisers USS Gettysburg (CG 64) and USS Anzio (CG 68), and guided-missile destroyers USS Truxtun (DDG 103) and USS Mitscher (DDG 57).Brian M. Brooks (navy)[mappress]Source: navy, May 24, 2011; View post tag: Guided-missile May 24, 2011 View post tag: Gibraltar Guided-Missile Cruiser Transits Strait of Gibraltar View post tag: Strait Back to overview,Home naval-today Guided-Missile Cruiser Transits Strait of Gibraltar Share this article
PRAGUE (AP) — Budvar, the Czech brewer that has been in a long legal dispute with U.S. giant Anheuser-Busch over use of the “Budweiser” brand, increased output to a record last year, when the pandemic saw people drink less in bars and more at home. The brewer says its output rose 3% to 1.73 million hectoliters, or 45.7 million gallons. Budvar sells its beer in some 80 countries and Germany, one of its key markets, grew particularly strongly in 2020. Demand for its beer in tanks and barrels declined last year as bars and restaurants were closed for a long time but Budvar was able to meet rising demand for bottled beer.
MGN ImageJAMESTOWN – Worldwide 2020 was a year that will likely be featured in history books, and our local area was not immune to the flood of news. The following is a look back at the year based on your viewership:#12: Longtime Police Chief RetiresAfter 24 years of keeping ‘law and order’ in the City of Jamestown, longtime police chief Harry Snellings retired this year.Jamestown Police Chief To Retire Next Month#11: Resources For Those In NeedIn an attempt to help those struggling with addiction, Chautauqua County leaders set up a new website to connect the community to recovery resources.Chautauqua County Launches New Website To Help Combat Addiction#10: Wild WeatherWeather in Western New York is usually on the top of minds of many, and this year was no different. From tornadic activity to wild winter weather, our area felt mother nature’s full force this year.Weather Service Confirms Tornado Touchdown In Chautauqua County#9: Search For Youths Deemed A HoaxA springtime search for two youths who reportedly fell into the Cattaraugus Creek in Gowanda was been deemed a hoax after first responders scoured the area for hours.Search For Youths Who Fell Into Cattaraugus Creek Deemed A Hoax#8: Seven-Year-Old Girl Dies In Motor Vehicle AccidentA seven-year-old girl died following a multi-vehicle accident on Route 60 in February after her car was struck by a man allegedly under the influence of drugs.Police Identify Seven-Year-Old Killed In Route 60 Crash#7: Change In County DA’s OfficeIn what was one of the biggest races in Chautauqua County on Election Night, Republican Jason Schmidt defeated incumbent Democrat DA Patrick Swanson to become the county’s next top prosecutor.Schmidt Projected Winner Of Chautauqua County District Attorney Race#6: Businesses Close Because Of PandemicFrom local restaurants to area manufacturers, 2020 has been a tough year for business, even with federal help for one local plant staying in business was not a reality.Falconer Truck-Lite Plant To Close#5: Fatal StabbingA Chautauqua County Grand Jury indicted a Jamestown man in connection with an August stabbing of a 23-year-old man.Jamestown Man Indicted In Connection With July Fatal Stabbing#4: Three Killed In Plane CrashThree Northern Pennsylvania residents were killed in a plane crash near the Jamestown airport last month. No official cause has been released yet, although law enforcement says the plane likely crashed because of winter weather.Searchers Find Crash Site Of Missing Plane Near Airport, Victims Identified#3: Local Leaders Push Regional Re-OpenAfter a month’s long shutdown on “non-essential” businesses across New York State, local representatives got the ear of New York State Governor Andrew Cuomo who moved forward with their plan to reopen the state regionally.State To Re-Open With Regional Approach After Local Leaders Push Plan#2: Black Lives MatterDemand for law enforcement reform led to dialog between police and protestors during a Black Lives Matter demonstration late May in Jamestown. Protests like this lead to change in policing policies around the nation, which will likely be felt throughout the coming year.Dialog Between Police, Protestors Heard During Black Lives Matter Demonstration#1: COVID-19’s ImpactIn what isn’t a surprise to many, COVID-19’s impact was the most viewed story on WNY News Now this year. From the community-wide shutdowns, to first official cases, the area felt the pandemic’s pain both medically speaking and financially.Officials Confirm Two Cases Of Novel Coronavirus In Chautauqua CountyShare your memories of the past year on social media with #YearInReview. Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window)
Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $11.92 million or diluted earnings per share of $1.96 for the year ended December 31, 2008. This compares with net income of $10.86 million or diluted earnings per share of $1.76 from the previous year. Merchants earned $3.06 million or diluted earnings per share of $0.51 for the quarter ended December 31, 2008, compared to net income of $2.92 million or diluted earnings per share of $0.48 for the same quarter of the previous year. Merchants previously announced the declaration of a dividend of 28 cents per share, payable February 19, 2009, to shareholders of record as of February 5, 2009.The return on average assets was 0.93% for both 2008 and for the quarter ended December 31, 2008, compared to 0.96% for 2007 and 1.00% for the quarter ended December 31, 2007. The return on average equity was 15.83% for the year and 16.32% for the quarter ended December 31, 2008, compared to 15.37% for the year and 16.03% for the fourth quarter of 2007. 2008 was a strong year for us, with EPS up 11% compared to 2007, in spite of a very challenging economic climate, said Michael R. Tuttle, Merchants President and CEO. We experienced solid growth in both loans and deposits during the year. Merchants Bank presented a safe, stable, secure profile in contrast to the volatility evident in the daily headlines.Merchants net interest margin increased slightly to 3.58% for 2008, compared to 3.56% for 2007, and increased 37 basis points to 3.81% for the fourth quarter of 2008, compared to 3.44% for the fourth quarter of 2007. Merchants net interest income increased $5.44 million to $43.65 million for 2008 compared to 2007, a 14% increase, and increased $2.47 million to $12.10 million for the fourth quarter of 2008 compared to 2007, a 26% increase. Merchants net interest margin and net interest income were positively impacted during the fourth quarter by a $194 thousand prepayment penalty received on an investment security. This prepayment penalty benefited the margin for the fourth quarter by six basis points, and benefited the margin for 2008 by one basis point. The increased net interest income is a result of an overall higher earning asset base and a higher net interest rate spread for 2008, when compared to 2007. Merchants average earning assets for 2008 were $1.22 billion at an average yield of 5.63%, compared to $1.08 billion at an average yield of 6.01% for 2007. Average loans for 2008 were $781.65 million, a $68.53 million, or 10%, increase over 2007 average loans, and average investments were $428.20 million, a $102.34 million, or 31%, increase over 2007 averages. Average interest bearing liabilities increased to $1.07 billion at an average interest cost of 2.33% for 2008, compared to $931.59 million at an average cost of 2.83% for 2007.Loans ended 2008 at $847.13 million, a $115.62 million, or 16%, increase over 2007 ending balances. Quarterly average loans were $825.40 million for the fourth quarter of 2008, a $94.71 million increase over the fourth quarter of last year. Merchants experienced strong growth across all loan categories during 2008; year-end 2008 commercial loans were 39% higher than year end 2007, residential real estate loans were 11% higher and commercial real estate balances were 17% higher. We continue to find opportunities with solid, longstanding, creditworthy businesses throughout Vermont. We have also experienced a 32% increase in home mortgage originations for 2008 compared to 2007; this is a direct result of the fact that we have not originated home mortgages for sale for more than ten years. Our customers like having their mortgages held and serviced right here in Vermont, commented Tuttle.Merchants investment portfolio increased to $431.61 million at December 31, 2008 from $365.59 million at December 31, 2007, an 18% increase. Investments purchased during the last year have consisted exclusively of government agency mortgage-backed securities. With the exception of one AA-rated security, all securities in Merchants investment portfolio were either Agency guaranteed or rated AAA at December 31, 2008. Merchants wrote the AA-rated security down to its estimated fair value during the fourth quarter of 2008 and recorded a pre-tax other than temporary impairment charge of $369 thousand.Deposits ended 2008 at $930.80 million, a $63.36, or 7% increase over 2007 ending balances. Quarterly average deposits were $946.53 million, a $72.13 million, or 8%, increase over the fourth quarter of last year. Time deposits were the fastest growing category of deposits during 2008, increasing 16% during 2008 to $385.12 million from $332.77 million at year end 2007. Time deposits represented 41% of Merchants total deposits at December 31, 2008, compared to 38% of total deposits at December 31, 2007.Merchants recorded a $600 thousand provision for credit losses during the fourth quarter of 2008 and $1.53 million year to-date, compared to a $300 thousand provision for credit losses during the fourth quarter of 2007, and $1.15 million for 2007. The increase in the provision for 2008 was primarily a result of strong loan growth during 2008, as well as increased nonperforming loans and net charge-offs during the year. Nonperforming loans ended the year at $11.64 million, compared to $9.23 million at December 31, 2007. Nonaccruing loan totals at December 31, 2008 were flat compared to September 30 of this year, as reductions, and transfers to Other Real Estate Owned ( OREO ), of existing accounts totaling approximately $1.7 million were matched by equal amounts of additions during the quarter. Tuttle commented, We continue to make good progress on reducing existing non-accrual loans, but expect to see some of this offset by additions in the current economic environment. At December 31, 2008, the allowance for loan losses was $8.89 million, 1.05% of total loans and 76% of non-performing loans, compared to the December 31, 2007 balance of $8.00 million, 1.09% of total loans and 87% of non-performing loans. Net charge-offs for 2008 totaled $564 thousand, compared to net charge-offs of $81 thousand for 2007. One loan accounted for almost all of the charge-offs during 2008, this loan was fully reserved at the end of 2007. Merchants had $803 thousand in OREO at December 31, 2008, and $475 thousand at December 31, 2007. Nonperforming assets as a percentage of total assets were 0.93% at December 31, 2008, compared to 0.83% at December 31, 2007.Merchants noninterest income decreased by $686 thousand to $8.66 million for 2008 compared to 2007 and by $805 thousand to $1.82 million for the fourth quarter of 2008 compared to the same period in 2007. As mentioned previously, Merchants recorded a $369 thousand other than temporary impairment charge related to one of its investment securities during the fourth quarter. Additionally, Merchants sold an investment in a limited partnership during the fourth quarter of last year and recognized a reduction in equity in losses of real estate limited partnerships of approximately $260 thousand. Excluding all security transactions and the gain just mentioned, noninterest income decreased by $176 thousand to $2.19 million for the fourth quarter of 2008 compared to 2007, and by $236 thousand to $8.95 million year to date. Trust company income has suffered in the current difficult market conditions, decreasing by $110 thousand for the fourth quarter of this year compared to last, and by $126 thousand year to date.Total noninterest expense increased $1.10 million to $9.24 million for the fourth quarter of 2008 compared to 2007, and $2.81 million to $35.10 million year to date. Salaries and employee benefits increased $899 thousand to $4.88 million for the fourth quarter of this year compared to 2007, and $1.97 million to $17.60 million year to date. This increase is primarily a result of additional staff that we have hired in the corporate banking, executive and trust areas during 2008, as well as increases in health insurance costs.Merchants also announced the extension, through January 2010, of its stock buyback program, originally adopted in January 2007. Under the program Merchants may repurchase 200,000 shares of its common stock on the open market from time to time, and had purchased 143,475 shares through December 31, 2008. Although Merchants did not repurchase any of its shares during the fourth quarter of 2008, and does not expect to repurchase shares in the near future, Merchants wanted to preserve the flexibility of an active buyback program.Mr. Michael Tuttle, Merchants President and Chief Executive Officer; and Ms. Janet Spitler, Merchants Chief Financial Officer, will host a conference call to discuss these earnings results at 9:30 a.m. Eastern Time on Friday, January 30, 2009. Interested parties may participate in the conference call by dialing (888) 423-3273; the title of the call is Earnings Release Conference Call for Merchants Bancshares, Inc. Participants are asked to call a few minutes prior to register. A replay will be available until noon on Friday, February 6, 2009. The U.S. replay dial-in telephone number is (800) 475-6701. The international replay telephone number is (320) 365-3844. The replay access code for both replay telephone numbers is 967736.The continuing mission of Merchants Bank is to provide Vermonters with a statewide community bank that blends a strong technology platform with a genuine appreciation for local markets. Merchants Bank fulfills this commitment through a branch-based system that includes 34 community bank offices and 42 ATMs throughout Vermont, Personal Bankers dedicated to top-quality customer service and streamlined solutions, including: Personal Checking and Savings with Free Checking for Life®, Cash Rewards Checking, a low-cost Money Market Account, Free Online Banking and Bill Pay, Overdraft Coverage, Direct Deposit, Free Debit Card, and Free Automated Phone Banking; Business Banking with Rewards Checking for Business, Business Online Banking and Bill Pay, Business Lines of Credit and Merchant Card Processing; Small Business Loans; Health Savings Accounts; Credit Cards; Flexible Certificates of Deposit; Vehicle Loans; Home Equity Credit; and Home Mortgages. Visit mbvt.com for more information. Merchants stock is traded on the NASDAQ National Market system under the symbol MBVT. Member FDIC. Equal Housing Lender.Some of the statements contained in this press release constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements reflect Merchants current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause Merchants actual results to differ significantly from those expressed in any forward-looking statement. Forward-looking statements should not be relied on since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond Merchants control and which could materially affect actual results. The factors that could cause actual results to differ materially from current expectations include changes in general economic conditions in Vermont, changes in interest rates, changes in competitive product and pricing pressures among financial institutions within Merchants markets, and changes in the financial condition of Merchants borrowers. The forward-looking statements contained herein represent Merchants judgment as of the date of this report, and Merchants cautions readers not to place undue reliance on such statements. For further information, please refer to Merchants reports filed with the Securities and Exchange Commission.
continue reading » Your phone rings. You don’t recognize the number, but you assume it’s a local call because it’s from your area code and the first three numbers are the same as your telephone number. However, when you answer, a very helpful recording alerts you to a great interest rate reduction program related to an unspecified loan, offers assistance with a student loan you don’t have, warns how you can avoid an impending arrest for violating the Internal Revenue Code, or provides a fantastic opportunity to sell your home at a great price to some unknown investor for cash.So you block these numbers and stop answering your phone unless the calls come from your established contacts, resulting in you missing calls that might be important.The frustration with telemarketing and scam calls led to the passage of the Telephone Consumer Protection Act of 1991, but the problems escalated. No laws, legal opinions or actions taken by the Federal Communications Commission since the TCPA’s passage have solved the problems, reduced the frustration or stemmed the tide of litigation. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
continue reading » Philadelphia-based fintech start-up cred.ai has unveiled a new banking platform for millennials, complete with a solid metal credit card, and a mission to disrupt the banking system.The platform, backed by high-profile investors including John Legend and former AOL CEO Tim Armstrong, launched its app and Unicorn Visa Card in beta on August 6 and plans to open applications to all consumers in early Fall. While beta participants include some of cred.ai’s backers, founders are targeting two demographics that inspired the project: banking newcomers and younger Americans distrustful of the financial system.For the newcomers — from recent college graduates to individuals previously unable to apply for credit cards — cred.ai is betting that its proprietary Credit Optimizer tool will be a selling point: it has been designed to help users build credit quickly.Largely in the millennial and Gen Z age bracket, the credit-averse population needs new tools to get past their hesitation and reframe their mindset around credit, according to cred.ai co-founder Ryan Brown. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Patrick Heisen, partner at PwC, said this was likely to reverse as fees came under more pressure.“This is in part thanks to the regulation of the European Markets in Financial Instruments Directive (MiFID II), which has lead to greater cost transparency, but also to institutional investors becoming more cost-conscious,” he said.Heisen added that the introduction of cheap passive investment products had accelerated this trend.“Although interest in active products is to remain, their added value must be better demonstrable to institutional investors,” he said.PwC concluded that costs would come down across all asset classes, and would affect cheaper passive products and more expensive hedge funds.Fees for passive investments were expected to drop from 0.15% to 0.12%, PwC predicted, while costs for active equity mandates would fall from 0.54% to 0.44%.“At these funds, we see the emergence of alternative fee structures, with the fee in part linked to outperformance,” Heisen said.PwC indicated that the predictions applied to worldwide investments, but said it expected that decreases would be more significant in Europe and Asia, as the fees were higher relative to those in the US.According to Heisen, asset managers should adjust their fee policy to the wishes and goals of institutional investors, adding that variation in fee models was still limited.Innovation and rationalisationPwC also recommended asset managers intensify product innovation, such as passive smart beta funds or funds investing in illiquid classes, including private loans.“Moreover, asset managers should made clear choices, for example through rationalising their propositions,” the group said.It said it expected a quarter of investment funds currently available to investors to disappear in the next few years.Asset managers should also focus on retaining talented staff with an attractive working environment, PwC added, as technology was required to reduce costs.However, Heisen also warned pension funds not to be too fixated on costs “as pension funds are long-term investors who also want asset managers still to exist in five years’ time”.“Therefore, it is also important to check whether an asset manager is also preparing for the future, for example through sufficient investments in technology and digital infrastructure,” he said. Asset management costs for all asset classes are expected to drop by 20% by 2025 as fees are increasingly based on performance, according to PwC.In a new report – Asset and Wealth Management Revolution: Pressure on Profitability – the consultancy argued that asset managers must embrace new technologies in order to cushion decreasing income.PwC based its forecast on an analysis of the annual reports of 64 asset managers with combined assets under management of €40trn.The past five years were a golden period for large asset managers, PwC said, as margins rose by almost 16% and costs fell almost 16% relative to an income decline of almost 10%.
Oil and gas solutions provider Tendeka has appointed Paul Lynch as its new advanced completions director to help drive the commercialisation of its wireless intelligent completions technology, PulseEight.Lynch joins Tendeka having most recently been vice president of global technical sales with Delphian Ballistics. Lynch, who previously worked for Expro Group and Halliburton Energy Services, also co-founded the tubing conveyed perforating company, GeoKey, which was acquired by Paradigm Group in 2013.“Tendeka has a reputation for its innovation and that’s what made me want to work for the company. The team has done an excellent job of getting PulseEight to a stage where it is now ready to be brought to operators,” Lynch said. He will be based at the company’s HQ in Westhill, Aberdeen.Tendeka recently completed field testing of PulseEight, the cloud connected wireless intelligent completion system.With funding support from the Oil & Gas Technology Centre, Tendeka installed a PulseEight downhole device and a newly developed surface system with OMV Group in Austria. During the installation, wireless communication between the downhole Interval Control Valve and the surface decoding system was used to test the device and prove the surface decoding system.“PulseEight has so much potential for the industry as it will allow more optimised well planning and ultimately greater recovery,” added Paul. “We are also exploring ideas to develop the technology for use in new and emergent products so it’s a very exciting time to be coming on board.”Brad Baker, CEO of Tendeka, said: “Paul is highly experienced in production and well optimisation and has a strong background in bringing new technology to the market. With his expertise, he is a valuable addition to our team and we are very pleased to have him on board.”Lynch is being supported by James Boyle who has also recently joined Tendeka. An experienced product line manager with a background in downhole wireless completions, James has more than 15 years’ experience in global positions, most recently working in Accra, Ghana.
By Greg Soukup Eighty-nine IMCA RaceSaver Sprint Car teams from 14 states saw action on opening night at Eagle Raceway. EAGLE, Neb. (Aug. 30) – His Friday night qualifying feature win earned Jake Bubak $700 and the pole start for Sunday’s RaceSaver Nationals main event. Jake Bubak earned opening night RaceSaver Nationals qualifying feature honors at Eagle Raceway. (Photo by Joe Orth) Bubak stretched his lead to six car lengths by lap 14 but he could not shake Martin completely. Martin managed to close on him in heavy lapped traffic as the race went the rest of the way caution free but could not catch him. Johnson led lap one of the qualifier with Bubak, Martin and Luke Cranston close behind. “I knew that there were some really good drivers starting up there. Jason was our biggest worry,” Bubak said. “Once I got to the lead the car was really good. I could move around and go wherever I wanted to. I just picked the line that I felt most comfortable with and it worked out.” Cole Krichau was the Mach-1 Sport Compact winner. Bubak came home first, Martin second, Johnson third and Cranston fourth. Cranston was disqualified in post-race tech for illegal fuel, moving Grossenbacher up to fourth. Bubak took advantage of a lap two restart and snagged the lead while Martin passed Johnson the next time around. The track was lightning fast as the leaders jumped to the high side and began to pull away from the pack. Chasing Bubak to the stripe and joining him in the first three rows of the main event grid were Jason Martin, Kaleb Johnson, Trevor Grossenbacher, Anton Hernandez, Ethan Barrow, Jake Martens, Andy Shouse and Justin Clark. Feature Results RaceSaver Sprint Cars – 1. Jake Bubak Arvada, Colo.; 2. Jason Martin Lincoln; 3. Kaleb Johnson, Sioux Falls, S.D.; 4. Trevor Grossenbacher Bennet; 5. Anton Hernandez Arlington, Texas; 6. Ethan Barrow Bloomington, Ind.; 7. Jake Martens Fairview, Okla.; 8. Andy Shouse Oklahoma City, Okla.; 9. Justin Clark, Hamersville, Ohio; 10. Stuart Snyder Lincoln; 11. Kevin Ramey, Fort Worth, Texas’ 12. Dusty Ballenger, Harrisburg, S.D.; 13. Mike Boston Lincoln; 14. Ryan King Bennet; 15. Claud Estes III, Godley, Texas; 16. Tyler Drueke, Eagle; 17. Adam Gullion, Lincoln; 18. Joey Danley, Lincoln; 19. Cody Ledger, Omaha. Sport Compacts – 1. Cole Krichau; 2. Brian Cronin; 3. Brad Gallagher; 4. Terry Tritt; 5. Shawn Hein; 6. Trenten Fugett; 7. Tim Horsham; 8. Dan Markham; 9. Kyle Owen; 10. Tyler Masek; 11. Michelle Nicholson; 12. Ray Harrington; 13. Drake Bohlmeyer; 14. R.J. Maas; 15. Steffen Oaks; 16. Bryce Walker.
… Guyana to battle St Vincent and the Grenadines todayA hat-trick from Nicolas McArthur and a goal each from Omari Glasgow, Dorwin George and Ravon Bailey, handed Guyana a 6 – 0 win against Montserrat and a perfect start in the CONCACAF U-20 Qualifiers in Nicaragua.Playing in their opening Group A match, Coach Wayne Dover put their pre-tournament troubles behind them to hit the ground running to record a statement-win in the Central American country.Guyana got off the mark in the 31st minute, thanks to Glasgow. George, five minutes later, doubled the score to put the men from the Land of Many Waters in a full control with a 2 – 0 lead at half time.Upon the resumption, McArthur scored immediately and then completed his hat-trick with strikes in the 78th and 84th minutes.Bailey, in the 87th minute, put the icing on the cake for Guyana who would next play St Vincent and the Grenadines, today, at 16:30hrs.In other Group A results, host Nicaragua trounced the US Virgin Islands 8 – 0. Only the winner of the Group will advance to the June 20 – July 5 CONCACAF U-20 Championship.