BaFin clarifies pension schemes’ disclosure on investment policies

first_imgThis means that IORPs with the financial year ending at the end of December 2019 should have published their investment policy statements containing the detailed requirements for the first time by the end of April.But given the exceptional circumstances caused by the COVID-19 pandemic, BaFin, which published its decision on April 24, said it did not object if IOPRs would not follow the requirement in 2020.“Considering the date of the publication and the current situation, we welcome the operational relief for this year,” Klaus Stiefermann, managing director at aba, the German occupational pensions association, told IPE.Stiefermann added: “The BaFin statement was expected, however, we don’t consider it necessary in this form.”“The BaFin statement was expected, however, we don’t consider it necessary in this form”Klaus Stiefermann, managing director at aba“By providing a detailed opinion, EIOPA pushed national competent authorities to follow suit, but defining the information about these “principles” with numerous detailed requirements seems excessive,” he said.Aba has urged pension schemes over the past years to provide such statements to relevant parties, including members, beneficiaries and BaFin. “According to the revised directive, IORPs now have to publish the[se] statement[s],” Stiefermann said.Andreas Kopfmüller, investment expert at Mercer Deutschland, told IPE that asking to present investment strategy statements, annual verification processes and details on ESG criteria would increase the effort for IORPs to create and update their principles of investment policies.“It is another layer of reporting requirements that will need to be covered also by smaller providers that might already be at their resource limit,” he said.Kopfmüller expressed doubts that the actual addressees, for example the beneficiaries, have the necessary know-how to understand the details required by BaFin.“In our opinion, it would make more sense to use a scheme with a predefined scale, which the respective companies must fill out for the individual thematic blocks, for example assessment of return, risk content, or degree of sustainability,” he told IPE, adding that details improve the capacity to compare principles between different companies.“Some of the regulations, for example details on ESG, were recently added to the law and are now being completed by BaFin. This has nothing to do with the current crisis, but comes through BaFin’s agenda despite the crisis,” Kopfmüller said.Looking for IPE’s latest magazine? Read the digital edition here. BaFin, the German financial supervisory authority, has clarified details that pension schemes need to disclose on investment strategies.The regulator has shed light on the requirements of the Statement of Investment Policy and Principles (SIPP), and took into account documents that highlight the use of governance and risk assessment in the supervision of IORPs published by EIOPA, based on the IORP II Directive.In its latest decision, BaFin made note of the Art. 30 of the IORP II Directive implemented in Germany in the Insurance Supervision Act (VAG) sections 234i, 239 paragraph (2).According to VAG, IORPs are required to provide a statement on the principles of their investment policy four months after the end of a financial year at the latest, or immediately after a major change in investment policy.last_img read more

Baker Hughes Ups Q4 Adjusted Earnings, But Misses Forecast

first_imgBaker Hughes has reported profit of $48 million or 7 cents per share on GAAP basis for the quarter ended December 31, 2019.The result compares with $131 million profit in Q4 2018, and $57 million profit sequentially.Adjusted net income (non-GAAP) attributable to Baker Hughes was $179 million, up 49% from same time last year. Adjusted diluted earnings per share were 27 cents per share, missing by 4 cents by analyst estimate.Revenue for the quarter was $6.35 billion, an increase of 1% year-over-year, and also up 8% sequentially, but down some $120 million than the analyst estimated.Orders for the quarter were $6.94 billion, down 11% sequentially and up 1% year-over-year.For the full year 2019, Baker Hughes generated profit of $128 million on revenue of $23.8 billion, against profit of $195 million on revenue of $22.9 billion in 2018.Total orders for 2019 were close to $27 billion, versus $23.9 billion in 2018.Subsea World News Stafflast_img read more

Libacao mayor urges ‘warring clans’ to promote peace

first_img“We will not allow few individuals todisturb the peace and order in the barangays. Hindi dapat pabayaan ng mga pamilya, kapulisan at komunidad itonginsidente para hindi tumagal ang alitan,” Navarosa said. He added normalcy had returned infar-flung barangays of Libacao town after warring clans put an end to theirdecades-old conflicts which resulted to over 200 deaths and the displacement offamilies in the town and Tapaz, Capiz. The families involved in “rido” orblood feud brokered a settlement four years ago in Barangay Poblacion, Libacao,Aklan to promote a harmonious and peaceful co-existence – until recently. “Posiblengclose range ang nagbaril. Ang mga tama ngbaril ay severe at fatal sa biktima,” said Dr. AldrinneFernandez, municipal health officer of Libacao. “Siningilsi Emy para mabayaran niya ang utang na palay, mga P1,700. Mahigit isang taon na ito at unti-untiniyang binabayaran kay kuya. Pumasok pa ito sa sakada sa Luzon upang tumakas sa pagbayad ng utang,”said Aldrin – Benjie’s brother.  OnJan. 27, the 27-year-old Benjie Asiong died of gunshot wounds on the body. Hewas found lifeless around 3 p.m. in Barangay Dalagsaan, Libacao, according topolice investigators. Benjieand Onao allegedly have a heated argument on Saturday over the latter’s unpaiddebt. BORACAY– Mayor Charito Navarosa of Libacao, Aklan urged “warring families” in thehinterlands not to take the law into their hands following a shooting incidentthat recently claimed a life. Policeidentified the suspect as 22-year-old Emy Onao of Barangay Dalagsaan after avillage watchman recovered Onao’s identification card seven meters away fromthe crime scene. Meanwhile, officers of the Libacaomunicipal police station conducted a manhunt operation against Onao.     “Tulungannatin ang mga pamilya na hindi sila gumawa ng illegal. Hustisya ang mangunguna dito,” Navarosasaid.(With a report from Akean Forum/PN)last_img read more

Informational Meeting On ACA Next Week

first_imgAn informational meeting will be held next week for those interested in better understanding the Affordable Care Act.Presented by the Indiana Youth Institute, the meeting will address information about the law in a way that is easy for consumers to understand. The forum is open to the entire community, including the youth and others who work to impact the well-being of the youth.The forum will feature guest speaker Kate Keller, vice president of Policy and External Relations for Interact for Health, formally the Health Foundation of Greater Cincinnati.In her current position with Interact for Health, Kate identifies and advocates for health policies that improve the health of children in Cincinnati. She also works to improve access to behavioral health services for school-aged children.The Affordable Care Act informational program will be held at the Ivy Tech in Batesville on Wednesday, October 16 from 11:30 a.m. until 1:00 p.m. Lunch will be provided courtesy of the Indiana Youth Institute.Reservations are being accepted until Monday, October 14. Contact Becky Nobbe at ocof@cmhcinc.org to reserve a seat.For more information, Indiana’s Healthcare Reform website provides a prescreening tool designed to provide guidance in determining if Hoosiers qualify for ACA health coverage programs.last_img read more

Winebarger dominates Wild West Shootout at Southern Oregon

first_imgCollen Winebarger stayed smooth and fast up front in winning Saturday’s Wild West IMCA Modi­fied Shootout feature at Southern Oregon Speedway. (Photo by Stephanie Deatherage)By Ben DeatherageWHITE CITY, Ore. (June 23) – Collen Winebarger brought his ‘A’ game to Southern Oregon Speed­way Saturday night and as a result, the rest of the Wild West IMCA Modified Shootout field was in the race for second.The Corbett chauffeur went unchallenged nearly the entire distance after the early laps were inter­rupted by multiple cautions. Winebarger held the point through six restarts and felt some pres­sure in the closing laps from Ethan Dotson, but the California challenger was unable to com­plete the pass for the lead.Already on the Fast Shafts All-Star Invitational ballot, Winebarger picked up the $1,000 victory, the second of his Shootout career, ahead of Dotson, Grey Ferrando, ‘B’ feature winner Darrell Hughes and Bricen James.Thirty-six drivers from Oregon, California, Washington, Nevada and British Columbia vied on night two of the tour.Feature results – 1. Collen Winebarger; 2. Ethan Dotson; 3. Grey Ferrando; 4. Darrell Hughes; 5. Bricen James; 6. John Campos; 7. Danny Lauer; 8. Nick Trenchard; 9. Jesse Williamson; 10. Curtis Towns; 11. Aaron Sheelar; 12. Richard Papenhausen; 13. Preston Jones; 14. Mark Gay­lord; 15. Tim Balding; 16. D.J. Shannon; 17. Carl Berendsen; 18. Mark Wauge; 19. Harley Turner Jr.; 20. C.J. Putnam.last_img read more

Mexican clubs want Mikel

first_imgRelatedPosts I’m open to England return — Mikel Stoke City want Mikel ‘Missing’ 48m barrels of crude: Nigerian lawyer, foreign collaborators in trouble Former Super Eagles captain, Mikel Obi, is on the radar of top Mexican clubs, including league champions Monterrey.According to reports by Mexican media outfit, TUDN, the midfielder is being closely followed by a team from the country’s capital and could be considered as a major signing for the club. The club could make a move for the Nigerian before the resumption of the Mexican league, after the COVID-19 pandemic.Mikel is currently a free agent after terminating his contract with Turkish club, Trabzonspor, in March 2020, after he called for the Turkish league to be cancelled, in the wake of the outbreak of the coronavirus pandemic.The former Chelsea and Middlesbrough defensive midfielder has also been on the radar of Brazilian clubs Botafogo and Internacional.The Nigerian had in April confirmed interests from Brazilian side Botafogo but was only going to give consent if the decision was right for his family.Mikel was a key figure for Trabzonspor during his time in Turkey, playing 19 times and helping them to the top of the league table, before parting ways with them. Mikel has played a total of 455 games at club level in Norway, England, China and Turkey, scoring 11 goals, with 18 assists.Tags: Club FootballJohn Mikel ObiMexicoMonterreylast_img read more

McClean completes Latics switch

first_img Wigan confirmed McClean passed his medical on Wednesday and inked terms on a three-year deal on Thursday morning. “I’m delighted to be signing, it’s happened very quickly but as soon as I found out the gaffer was interested I wanted to come,” said McClean. “You can see this is a club moving in the right direction again and I can’t wait to be a part of that. “I know James McCarthy very well and he’s said only good things about the place so I’m really looking forward to getting started and meeting everyone.” McClean burst on to the scene under then-Black Cats boss Martin O’Neill in 2011 and scored his first goal for the club against Wigan. However, he has found himself marginalised under current manager Paolo Di Canio, paving the way for his switch to Latics. Wigan have completed the signing of Republic of Ireland international winger James McClean from Sunderland for an undisclosed fee. McClean becomes Latics’ 10th signing of the summer, joining the likes of Grant Holt and Leon Barnett in moving from Premier League clubs, as boss Owen Coyle bids to return the FA Cup holders to the top flight at the first attempt. The winger has earned 12 international caps with his country and joins fellow Irish midfielder James McCarthy at the DW Stadium. center_img Press Associationlast_img read more

ICC World Cup Ambati Rayudu announces retirement from international cricket after World Cup snub

first_imgWhen Vijay Shankar was given priority over him, Rayudu had criticised the selectors’ decision, taking a dig at statement of the head selector. India has been struggling with its middle order woes for the past few years. Rayudu, when given the chance performed with the bat and almost convinced the skipper that the is the man for number 4 spot. However, he was unfortunate not make the cut and replaced by Vijay Shankar, who had just played 4 matches before the World Cup.Interestingly, Rayudu’s decision to announce retirement came just a day after Iceland Cricket offered him permanent residency in their country so that he can play for them after Mayank Agarwal was called in as Vijay Shankar’s replacement. New Delhi: Upset after being overlooked for World Cup twice, Indian cricketer Ambati Rayudu has announced retirement from international cricket. Rayudu was named in the reserves for the Indian cricket team. However, he was not inlcuded in the team as replacement despite two players sustaining injuries. First, Rishabh Pant was named as replacement for injured Shikhar Dhawan and then Mayank Agarwal was called in to replace Vijay Shankar, who was ruled out of the World Cup due to toe injury.The middle order batsman has not cited any specific reason for the shocking decision to put an end to his international career. Rayudu was not selected in the team India’s primary 15-member squad, despite skipper Virat Kohli’s open announcement that he will be the first choice for number 4 spot.Rayudu has played 50 ODI innings and scored 1694 runs at an impressive average of 47.05. He has three centuries and 10 fifties to his name with a top score of 124* and strike rate of 79.04. He has also played five T20 Internationals but could not mirror his ODI performance. He scored just 42 runs at an average of 10.50. For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps.last_img read more

Cricket News India’s Pacers Decimate Bangladesh On Day 1 Of Indore Test

first_imgNew Delhi: When one talks about Test pitches in India during the early 90s, the template would be set in this way. The pacers would bowl just a couple of overs to take the shine off the new ball and the spinners would do the bulk of the work. In 2019, in Virat Kohli’s time, this does not hold true. In India’s 13 series dominance at home since 2012, the pacers have laid the template for taking the bulk of the wickets while Ravichandran Ashwin and Ravindra Jadeja have continuously probed away. In Indore, the dominance of the pacers was exhibited in grand style and Bangladesh felt the wrath of Mohammed Shami, Umesh Yadav and Ishant Sharma as they were razed out for 150 on the opening day of the Indore Test against India at the Holkar stadium on Thursday.The wicket presented at the Holkar stadium was green and hard. First Class statistics at Indore indicated that pace would dominate. Bangladesh, under new skipper Mominul Haque, won the toss and chose to bat. On a green pitch, with an Indian pace attack on top of it’s game, this seemed a brave move but it backfired immediately. Imrul Kayes, troubled by the inswing from Umesh Yadav, was undone by the extra zip and bounce off the deck to edge to gully while Shadman Islam edged Ishant Sharma’s late away-swinger to Wriddhiman Saha. The catch gave Saha his 300th catch in First Class cricket and both openers had fallen cheaply.Mominul, the skipper and Mushfiqur Rahim, went about steadying the innings but they were facing an Indian pace attack that was relentless in accuracy. Rahim looked to take the attack to India by smashing Ravichandran Ashwin straight down the ground for a big six. India made Bangladesh’s life a bit easier by dropping catches. First, Kohli dropped a simple catch off Rahim at slip as Umesh continued to probe away. Ajinkya Rahane was the next fielder to drop a catch as he dropped a sharp chance off Ashwin with Rahim benefiting again. The Bangladesh veteran was third time lucky when he edged a sharp offspinner only for Saha to spill the chance.Ashwin strikes, floodgates openThe 68-run stand gave Bangladesh some hope and that was the only time the Indian bowlers had to work hard. However, Ashwin induced a moment of brain-fade from the Bangladesh skipper. Mominul shouldered arms to a delivery that drifted in and held its line to hit off stump. The wicket gave Ashwin his 250th wicket in his 42nd home Test, equalling the record to the quickest to the feat with Muttiah Muralitharan and faster than Anil Kumble. All hopes were on Mahmudullah but he was bowled by Ashwin as he moved too far to the off side to miss the sweep and get bowled around his legs.Shami’s introduction in the last over before tea swung the momentum decisively in India’s favour. The speedster nipped out Rahim with a delivery that swung back in sharply in the air and off the deck while he trapped Mehidy Hasan LBW. Immediately after the resumption, Ishant Sharma got the better of Liton Das and although Shami did not get the hat-trick, Bangladesh were in tatters. Taijul Islam’s run-out due to a rocket throw from Ravindra Jadeja and Umesh’s wonderful ball to send back Ebadot Hossain ended Bangladesh’s misery as they were bowled out for 150.Also Read | Ravichandran Ashwin Takes 250th Test Wicket At Home, Becomes Joint-Quickest To FeatBangladesh had some success when they got rid of Rohit Sharma for 6 when he edged a good length ball that held it’s line outside off to Liton. However, Mayank Agarwal and Cheteshwar Pujara were in superb touch, with Pujara looking aggressive and confident against both pace and spin. The pace bowlers have ensured that India are firmly in the driver’s seat. Now, it is upto the batsmen to ensure that the template which has served Kohli so well in the last couple of series is being followed so that they can take an unassailable lead in the two-match series. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Update on the latest sports

first_imgHORSE RACING-COUNTRY HOUSE RETIREDKentucky Derby winner Country House retired with foot injuryUNDATED (AP) — Kentucky Derby winner Country House has been retired because of a foot ailment.Blackwood Stables says the 4-year-old won’t race again after being treated for laminitis in his right front foot.Country House finished second in the 2019 Derby as a 65-1 shot and was placed first after Maximum Security was disqualified. That race at Churchill Downs was his last. Just how many sticks are used each season in the NHL isn’t known, but it’s a lot. Boyer figures Red Wings players go through 70 to 120 each year, which would translate to about 1,600 for a full team — and more than 50,000 across the 31-team league.MLB-ASTROS-BAKERBaker to MLB: Tell teams to ‘stop the comments’ on AstrosWEST PALM BEACH, Fla. (AP) — Dusty Baker wants Major League Baseball to end the criticism of the Astros over sign stealing, and take steps to ensure pitchers don’t throw at his players.The new Houston manager spoke out Saturday in response to a wave of harsh comments during spring training about the Astros’ use of video to steal signs in 2017 and 2018. Baker called on the league to “Stop the comments and also stop something before it happens.” He said he has been hearing talk of “seemingly premeditated retaliation.” Associated Press An illness knocked him out of the Preakness, and he developed a condition in his left front leg in June that required re-admittance to a renowned equine hospital. Then he developed problems in his right front leg, and work was done to keep him alive and well.POLE VAULT-WORLD RECORDDuplantis breaks world pole vault record againGLASGOW (AP) — Armand Duplantis has broken the world pole vault record for the second time in eight days.The American-born Swede eclipsed his own mark by a centimeter when he vaulted 6.18 meters at the Glasgow Indoor Grand Prix on Saturday. Duplantis also broke the record in Torun, Poland last Saturday with a vault of 6.17 meters. — Lamar Stevens scored 23 points to lead No. 13 Penn State over Northwestern 77-61. Myles Dread scored 16 for the Nittany Lions. They led for all but 6:29 to win their eighth straight. Boo Buie and Pete Nance had 12 points the Wildcats, who lost their ninth in a row.— Jonathan Laurent and Kalib Boone each scored 16 points to help Oklahoma State beat No. 24 Texas Tech 73-70 for its first win over a ranked opponent this season. Isaac Likekele added 14 points, seven rebounds and six assists for the Cowboys. Oklahoma State has won three of four after dropping its first eight conference games. Kevin McCullar and Davide Moretti each scored 15 points for Texas Tech. The Red Raiders had won their previous three games. The Cowboys scored the first eight points and held the Red Raiders scoreless for more than four minutes at the start.NHL-SCHEDULEPastrnak scores 42nd goal; Bruins roll past Detroit, 4-1BOSTON (AP) — David Pastrnak (PAS’-tur-nahk) scored his 42nd goal of the season Saturday to lead Boston past the Detroit Wings 4-1, giving Bruce Cassidy of the Bruins his 200th victory as an NHL coach. DAYTONA BEACH, Fla. (AP) — Joey Logano paced an uneventful final practice before the Daytona 500.Logano led eight Ford drivers in speed during Saturday’s 50-minute session of final preparation for NASCAR’s version of the Super Bowl. He was followed by Kevin Harvick, teammate Brad Keselowski, Clint Bowyer, rookie Cole Custer, Aric Almirola, David Ragan and Michael McDowell.William Byron in a Chevrolet was next at ninth fastest.Toyota drivers — the manufacturer only has five entries in Sunday’s season-opening race — did not participate in final practice. Only 26 of the 40 cars used the track time.Ricky Stenhouse Jr. will start from the pole Sunday alongside Alex Bowman. Logano and Byron, winners of their respective qualifying races, start on the second row. Brad Marchand scored his 25th goal of the season and assisted on Pastrnak’s goal for the Bruins, who have won eight of their last nine games. Charlie McAvoy added a goal and an assist and Charlie Coyle had his 13th goal. Tuukka Rask finished with 25 saves to improve to 14-0-6 at home this season.Darren Helm scored for the Red Wings, who have lost three straight and have the fewest points in the NHL. Jonathan Bernier finished with 37 saves.Cassidy has 153 victories with Boston and 47 with the Washington Capitals.NHL-SABRES-BOGOSIANSabres demote Bogosian to minors, unclear if he’ll report BUFFALO, N.Y. (AP) — The Buffalo Sabres have assigned Zach Bogosian to the minors after he cleared waivers on Saturday, though it’s uncertain when or whether the veteran defenseman will report.Bogosian’s agent, Darren Ferris, didn’t provide any hint of what his client’s plans are in a text to The Associated Press.Bogosian’s options are limited after the 12-year NHL veteran went unclaimed a day after being placed on waivers. He must report to Rochester of the American Hockey League, accept re-assignment elsewhere or risk losing out on what’s left of the $6 million he is owed on the final year of his contract.Bogosian’s demotion comes a little over a week before the NHL’s trade deadline, and a few months after the often-injured 29-year-old requested a trade.NHL-VIRUS-STICK SHORTAGE CONCERNS Amid virus outbreak, concerns about a hockey stick shortageUNDATED (AP) — The coronavirus outbreak in China is raising concerns about a potential shortage of the hockey sticks used by the world’s top players.Two major manufacturers, Bauer and CCM, have factories in China that have closed. Officials with both companies say they are monitoring the situation. Warrior, the other major supplier of custom sticks for top hockey players, has not been affected because its production is based in Tijuana, Mexico.Bauer and CCM say there has been no impact on the production of sticks for amateur players.NHL equipment managers, players and their representatives are trying to navigate the situation the best they can. Detroit Red Wings equipment manager Paul Boyer said he has enough inventory for the next couple of weeks but isn’t sure what might happen after that given a two-week lag time for sticks to be delivered. February 15, 2020 LPGA-WOMEN’S AUSTRALIAN OPENInbee Park takes 3-stroke lead at Women’s Australian OpenADELAIDE, Australia (AP) — Seven-time major champion Inbee Park hasn’t won an LPGA tournament in nearly two years, but she could soon be adding Australian to her 19 tour victories.Park took a three-stroke lead at the Women’s Australian Open on Saturday, shooting a 5-under 68 that included a 40-foot birdie putt on the 18th hole. She has a 54-hole total of 15-under 204.Nineteen-year-old Ayeon Cho will play in the final group with her fellow South Korean. Cho shot 69 on Saturday and was alone in second. American Marina Alex was third at 11-under after a 70, four strokes behind. Los Angeles Dodgers first baseman Cody Bellinger said Friday the Astros “stole” the 2017 World Series title from them, and that Jose Altuve (al-TOO’-vay) stole the MVP from the Yankees’ Aaron Judge. Los Angeles pitcher Ross Stripling indicated he might intentionally throw at Houston batters.Houston players, management and ownership spent the first day of camp apologizing for their actions and professing remorse. But many players and front offices around the league didn’t feel they went far enough.Washington general manager Mike Rizzo said he wanted to hear the Astros use the word “cheated” when addressing the situation.NASCAR-DAYTONA-FINAL PRACTICEJoey Logano leads final practice before Daytona 500 Garrett hit a career-best six 3-pointers while added seven assists, five rebounds and four steals. Udoka Azubuike (oo-DOH’-kah ah-zoo-BWEE’-kay) added 15 points and 17 rebounds.The Jayhawks won their 10th straight since falling to the Bears at Allen Fieldhouse in early January. Kristian Doolittle had 27 points and 12 boards to lead the Sooners.In other top-25 games Saturday:— Obi Toppin scored 19 points, Jalen Crutcher had 17 and No. 6 Dayton won its 14th straight game with a 71-63 victory over Massachusetts on Saturday.  Dayton shot 53 percent from the field and hasn’t lost since a 78-76 overtime game against Colorado on Dec. 21. The Flyers remain unbeaten in regulation this season after carrying the fifth-longest winning streak in Division I into the game. Tre Mitchell had a game-high 26 points and 10 rebounds and Samba Diallo added 10 points for the Minutemen. They’ve dropped seven of their last 10 games. — Patrick Williams scored 17 points and pulled down seven rebounds as No. 8 Florida State played without star guard Devin Vassell and held off Syracuse 80-77. M.J. Walker scored 16 points, including five 3-pointers, as the Seminoles won their 20th straight home game. Elijah Hughes added 25 points and four rebounds playing all 40 minutes as he returned from a groin injury that limited him to just three minutes in Tuesday’s game against NC State. Joseph Girard scored 22 points and pulled down seven rebounds for Syracuse. When confirmed by the International Olympic Committee, that will knock Russia off top spot in the Sochi medal table in terms of golds. The host nation would have 10 golds, against 11 for Norway, and 28 total medals, the joint-most along with the United States.Germany is in line to inherit the relay gold, subject to IOC confirmation.,The Latest: Oosthuizen shoots 30 on front for 67 Update on the latest sports RUSSIAN DOPINGRussia to lose Sochi Olympic gold medal in new doping caseSALZBURG, Austria (AP) — Russia is set to lose a biathlon gold medal from the 2014 Sochi Winter Olympics in a new doping case.The International Biathlon Union on Saturday announced a two-year ban for Evgeny Ustyugov, who was part of the gold medal-winning men’s relay team six years ago, citing evidence he used the banned steroid oxandrolone around the time of the Olympics.His results from the 2013-14 season have been disqualified, including the Olympic victory. Share This StoryFacebookTwitteremailPrintLinkedinRedditWhatsappT25 MEN’S BASKETBALL-SCHEDULENo. 3 Kansas wins 10th straight, 87-70 over OklahomaUNDATED (AP) — Marcus Garrett scored a career-high 24 points, Devon Dotson added 19 and third-ranked Kansas rolled to an 87-70 victory over Oklahoma. The Jayhawks kept pace with No. 1 Baylor in a two-team race toward the Big 12 title.last_img read more