Colorado Has Reportedly Made A Head Coaching Hire

first_imgA general view of Colorado's football field during a game.BOULDER, CO – NOVEMBER 03: A general view of the stadium as the Stanford Cardinal face the Colorado Buffaloes at Folsom Field on November 3, 2012 in Boulder, Colorado. The Cardinal defeated the Buffaloes 48-0. (Photo by Doug Pensinger/Getty Images)One head coaching vacancy will reportedly be filled in the very near future. According to Georgia’s Rivals site, Georgia defensive coordinator Mel Tucker has reportedly agreed to become the next head coach of the Colorado Buffaloes.Colorado fired former head coach Mike MacIntyre after back-to-back 5-7 seasons. The unanimous Coach of the Year in 2016, MacIntyre received a hefty contract extension in early 2017.Despite the coaching success that season, the Buffaloes under-performed after a hot start to the 2018 campaign. As such, the program decided to make a move.Mel Tucker emerged as the favorite to land the job, and it’s now being reported that he’s agreed to coach Colorado.Georgia defensive coordinator Mel Tucker has agreed to become the new head coach at Colorado, UGASports has learned.It’s the first head coaching opportunity for Tucker, who has led a stout defense at Georgia for the past three seasons.Stay tuned for more coaching news.[UGA Sports]last_img read more

Closing Bell TSX closes down 135 points on emerging market worries

TORONTO — Financials led the way to a second consecutive triple-digit loss on the Toronto stock market Monday as bank stocks lost ground amid concerns about the health of emerging markets.Here are the closing numbersTSX — 13,582.29 -135.50 -0.99%S&P 500 — 1,781.56 -8.73 -0.49%Dow — 15,837.88 -41.23 -0.26%Nasdaq — 4,083.61 -44.56 -1.06%The S&P/TSX composite index dropped 135.47 points to 13,582.29, on top of a 1% slide last week, with energy stocks also sharply lower amid drops in crude and natural gas prices.The Canadian dollar shed early gains to close down 0.32 of a cent to a 4 1/2 low of 89.99 cents US.U.S. indexes also finished in the red as the Dow Jones industrials lost 41.23 points to 15,837.88. The Nasdaq composite index lost 44.56 points to 4,083.61, while the S&P 500 index was off 8.73 points at 1,781.56.[np_storybar title=”Emerging market investors find some places to hide – find out where” link=””%5DHere are the strategies investors who specialize in the sector are using to limit losses and take advantage of the weakness as the global rout continues. [/np_storybar]Traders looked to the U.S. Federal Reserve as the central bank makes its next interest rate announcement on Wednesday. At that time, the Fed is widely expected to announce further paring of its key stimulus program, the massive monthly purchases of bonds.The Fed has already cut purchases by $10 billion to $75 billion a month and a further $10 billion cut is expected.Emerging markets such as Turkey, Argentina, South Africa and Russia are feeling the negative effects of that tapering because the Fed’s latest round of quantitative easing had flooded them with cheap money. But now, that money is exiting those areas, in turn putting severe pressure on their currencies. The worry is the contagion could spread to other markets. Craig Fehr, Canadian markets specialist at Edward Jones in St. Louis, said emerging markets are less attractive for investors with U.S. interest rates pushing a little higher with the Fed’s moves.“So we’re seeing capital move out of those countries, pushing their currencies down,” Fehr said. “These countries that have really benefited from capital (inflows) in the past couple of years are now disproportionately disadvantaged from money moving out of their markets.”The financial sector led decliners, down 1.6% as emerging market turmoil raised worries about economic growth in those countries.BMO Financial Group (TSX:BMO) is in talks to buy British investment firm F&C Asset Management in a potential deal worth roughly C$1.3 billion. Bank of Montreal (TSX:BMO) dropped $1.54 or 2.14% to $70.46. Scotiabank (TSX:BNS) also racked up a loss, down $1.36 or 2.16% to $61.69.“Scotiabank is by far the most internationally exposed and really the only one that has any meaningful exposure to emerging and developing markets and I think that’s why there is more of a reaction out of that name,” Fehr said.The gold sector was also a major loser as February bullion lost 90 cents to US$1,263.40 an ounce. Barrick Gold (TSX:ABX) faded 44 cents to C$20.61 while Kinross Gold (TSX:K) declined 14 cents to $5.01.The energy sector stepped back 1.38% as March crude on the Nymex gave back early gains to move down 92 cents to US$95.72 a barrel. Cenovus Energy slid 31 cents to C$28.87.Encana dropped 23 cents to $19.95 as February natural gas fell 33.5 cents to $4.85 per million BTUs. Prices had earlier spiked to a three-year high of $5.44 due to extreme cold covering great patches of North America.March copper fell a cent to US$3.26 a pound and the base metals group was down 0.28 cent. Sherritt International (TSX:S) dipped four cents to C$3.54.Techs also weighed with Open Text (TSX:OTC) $4.73 lower to $106.27.At the same time, other analysts suggest that North American stock markets were vulnerable to a correction after Fed easing helped underpin a strong rally on many equity markets last year that left the S&P 500 alone up about 30% for 2013. And the TSX financial sector bounded ahead more than 20% last year.In earnings news, Caterpillar (NYSE:CAT) reported a profit of $1 billion, or $1.54 per share in its latest quarter. That compared with $697 million, or $1.04 per share, a year earlier. Revenue declined 10% to $14.4 billion from $16.08 billion. Analysts surveyed by FactSet had expected earnings of $1.27 per share on revenue of $13.41 billion and its shares soared $5.12, or 5.94%, to US$91.29.On the economic front, data showed sales of new homes in the U.S. dropped 7% in December to a seasonally adjusted annual rate of 414,000. But even with the pause at the end of the year, U.S. home sales for all of 2013 climbed to the highest level in five years. TOP STORIESHudson’s Bay Co to sell flagship Toronto store to Cadillac Fairview in $650-million dealEmerging market investors find some places to hide — Find out whereBMO in talks to buy Britain’s oldest investment fund for $1.3-billionEdgecrest Capital set for major expansion as it acquires Stonecap Securities WHAT’S ON DECK TUESDAYECONOMIC NEWSUNITED STATES8:30 a.m.Durable Goods (Dec): Economists expect 1.8% rise 9 a.m.S&P Case Shiller home price index: Economists expect 0.8% rise from month before, 13.8% year over year 10 a.m.Consumer confidence (Jan): Economists expect a reading of 78, unchanged Richmond Fed Index: (Jan): Economists expect a reading of 13, unchanged CORPORATE NEWSCANADAMetro Inc ‘a’ Q1 earnings: Analysts expect $1.13 a share UNITED STATESComcast Corp. Q4 earnings: Analysts expect 68¢ a share DuPont Q4 earnings: Analysts expect 55¢ a share Electronic Arts Inc. Q3 earnings: Analysts expect US$1.24 a share Ford Motor Company Q4 earnings: Analysts expect 29¢ a share Pfizer Q4 earnings: Analysts expect 52¢ a share AT&T Inc. Q4 earnings: Analysts expect 50¢ a share 2013 Yahoo, Inc. Q4 earnings: Analysts expect 38¢ a share read more