Tag: contract

Australia signs $1.4 billion deal to upgrade navy submarines

SYDNEY (Reuters) – Australia said on Saturday it had signed a A$2.2 billion ($1.4 billion) four-year contract with state-owned submarine builder ASC to upgrade the navy’s Collins class submarines. The “sustainment contract” is part of a government pledge to keep the diesel-electric powered Collins-class fleet “a potent strike and deterrence capability”, Defence Industry Minister Pat Conroy said in a statement. The contract will be “directly ensuring job security for more than 1,100 highly skilled workers”, […]

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Web pioneer wants new ‘contract’ for internet

LISBON, Portugal (AFP) — The inventor of the worldwide web, Tim Berners-Lee, on Monday announced plans for a “contract” to ensure the internet remains “safe and accessible” for all. “All kinds of things have things have gone wrong,” the computer scientist, who in 1989 invented the Web as a platform, said at the opening of the Web Summit, Europe’s largest tech event. “We have fake news, we have problems with privacy, we have people being […]

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DOJ rules Nayong Pilipino deal void; It is “definitely for cancellation,” Palace says

(Eagle News)—–The lease contract entered into by dismissed officials of the Nayong Pilipino Foundation with Landing Resorts Philippines Development Corp. is void from the start and is therefore “definitely for cancellation.” This is the ruling of the Department of Justice itself that conducted a review of the contract, Presidential Spokesperson Harry Roque said on Friday, Aug. 31. The DOJ’s opinion is an echo of the position of President Rodrigo Duterte, who ordered the review  after he fired […]

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CP3 to sign $160-million max contract with Rockets

By Vivem Soriano Eagle News Service All-Star point guard Chris Paul will sign a massive 4-year $160-million max contract deal to stay with the Houston Rockets according to ESPN’s Adrian Wojnarowski. Paul will continue his backcourt partnership will league MVP James Harden. The Rockets were a win away from eliminating eventual champions Golden State Warriors but lost in Game 7 of the Western Conference finals.

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Paul George inks deal to stay with Thunder – report

By Vivem Soriano Eagle News Service Superstar free agent Paul George has decided to remain with the Oklahoma City Thunder, according to ESPN’s Adrian Wojnarowski. George will sign a 4-year max contract deal worth $137 million with a player option on the third year. Gabe Ikard, a well-known OKC supporter, also posted a video of George attending teammate Russell Westbrook’s party on Twitter saying “I am here to stay.” which led to a rapturous cheers […]

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NBA: Celtics ink Pierce to one day contract

BOSTON, United States (AFP) — American forward Paul Pierce signed a one-day contract with the Boston Celtics on Monday in a move that allows him to retire as a member of the NBA franchise. The 39-year-old Pierce spent the first 15 years of his career with Boston, helping the club to a league championship in 2008. “It’s an honor to have this opportunity to once again call myself a Boston Celtic,” said Pierce, a 10-time […]

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NBA: Alexander lists Rockets for sale on heels of Harden’s mega deal

HOUSTON, United States (AFP) — Houston Rockets owner Leslie Alexander has put the NBA club up for sale less than two weeks after he signed star forward James Harden to the richest contract in league history. The Rockets are the eighth most valuable franchise in the league at $1.65 billion and their annual revenue is $244 million, according to Forbes magazine That is substantially more than the 73-year-old Alexander purchased the team for in 1993 […]

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NBA: Aussie big man Bogut signs deal with Cavaliers

WASHINGTON, United States (AFP) — Australian center Andrew Bogut signed a free agent contract Thursday with the defending champion Cleveland Cavaliers, whom he opposed in the past two National Basketball Association Finals while playing for Golden State. The 32-year-old 7-footer (2.13 meters) is in his 12th NBA campaign after being the top overall pick in the 2005 NBA Draft, and his arrival gives the Cavaliers’ lineup another key inside player with championship experience. Bogut was […]

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