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CORAL GABLES, Fla. — Jim Larrañaga insists he still loves the University of Miami, still loves the game of basketball, still loves mentoring players, still loves coaching. He doesn't love what college basketball has become. And with that, he's leaving. The 75-year-old Larrañaga stepped down Thursday, effective immediately, and will be replaced by associate head coach Bill Courtney — one of his best friends for the past three decades — for the remainder of the season. “I'm exhausted,” Larrañaga said. “I've tried every which way to keep this going.” Larrañaga joins a long line of prominent college basketball coaches — Virginia's Tony Bennett and Villanova's Jay Wright among them — who have left their jobs in recent years citing the changes in the game and the challenge of coaching in the name, image and likeness era of college sports. For Larrañaga, those changes began presenting themselves when he had eight players — all of whom said they were happy at Miami — enter the transfer portal after the Hurricanes went to the Final Four in 2023. “The opportunity to make money someplace else created a situation that you have to begin to ask yourself as a coach what is this all about,” Larrañaga said. “And the answer is it's become professional.” The decision by Larrañaga ends a 14-year run as coach of the Hurricanes — and, presumably, a 41-year college head-coaching career that saw him win 744 games at Miami, American International, George Mason and Bowling Green. He took Miami to the Final Four in 2023 and took George Mason to the Final Four in 2006. “Jim Larrañaga is a tremendous man who has left a mark as not only the most accomplished coach in Miami basketball history, but as one of the premier coaches in ACC history,” ACC Commissioner Jim Phillips said. “His coaching record speaks for itself with over 700 career wins, but he always has led his program with the utmost integrity and class.” The Hurricanes are 4-8 this season and only 5-19 in their last 24 games, a stunning freefall for a program that went to the Final Four just two seasons ago. Injuries and roster turnover have taken a clear toll, and Larrañaga is one of many coaches who has expressed some level of frustration with the lack of regulation and transparency that comes with NIL. “They’re a great group of kids,” Larrañaga said. "It’s not their problem. It’s the system or the lack of a system. I didn’t know how to navigate through this.” Larrañaga was under contract into 2027 and had some school officials try to get him to rethink the decision in recent days. Larrañaga said he came to the decision over the weekend, reconsidered at the school's request, and finalized the decision Monday. “It seems clear to me that coaching in 2024 is a much different profession than it was just a few short years ago," Miami athletic director Dan Radakovich said. Larrañaga is the second prominent coach to step down unexpectedly this season in the Atlantic Coast Conference. Bennett did the same at Virginia back in October, less than three weeks before the Cavaliers played their season-opener. Bennett, when he stepped down, said NIL has simply changed the game for coaches and not in a good way. “College athletics is not in a healthy spot. It’s not,” Bennett said in October. “And there needs to be change. It’s not going to go back. I think I was equipped to do the job here the old way — that’s who I am and that’s how it was.” Larrañaga's decision to step aside makes him the latest big-name veteran coach to leave the ACC in recent seasons, following the departures of some other giants within the sport — North Carolina’s Roy Williams in spring 2021, Duke’s Mike Krzyzewski a year later and Syracuse’s Jim Boeheim to end a 47-year tenure in 2023, and Bennett earlier this year. “I owe my professional career to him,” said George Washington coach Chris Caputo, a longtime Miami assistant under Larrañaga. “I learned so much and I certainly wouldn’t be where I am without him and his family. As it relates to Miami, with all respect to the people there before him, he took what was essentially an irrelevant program and turned it into a Sweet 16, Elite Eight and Final Four program. At Miami, that was unheard of. He raised the bar for basketball at the University of Miami from here on out.” It’s also the second sudden retirement for Miami’s basketball programs in 2024: women’s coach Katie Meier surprised many around the Hurricanes when she stepped away this past spring after 19 seasons in Coral Gables. Meier has remained at the school as a special advisor to Radakovich and as a professor. Larrañaga will be offered a role within the university in the coming weeks, Radakovich said. “It's still all about The U,” Larrañaga said. Officially, Larrañaga's first coaching job was in 1977 at American International. Unofficially, it was when he was a freshman at Archbishop Malloy High School in New York. Larrañaga was on an undefeated freshman team there and the coach quit at Christmas — so Jack Curran, the varsity coach there, named Larrañaga one of the student coaches for the rest of the season. More than 60 years later, it was Larrañaga stepping down at Christmastime. He played college basketball at Providence, has coached more than two dozen college players who went on to the NBA, made 20 postseason appearances — 11 NCAA, eight NIT and one CIT berth — as a coach, was the AP national coach of the year in 2013 and was announced earlier this month as a candidate again for enshrinement in the Naismith Memorial Basketball Hall of Fame. “Coach Larrañaga is a friend of mine,” Miami Heat coach Erik Spoelstra said Thursday. “I think so highly of him. The way that he’s able to build a program that has a sense of community and we all rallied around the basketball program. I live in Coral Gables, so I’ve been part of this movement. You could just feel it the last several years. It’s been a lot of fun. He wins wherever he goes, but he does it in a way that it’s a fun brand of basketball.”

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From Defence To Culture And Sports, India And Kuwait Sign Key Agreements During PM Modi's Visit( MENAFN - IANS) Kuwait City, Dec 22 (IANS) Agreeing to elevate the relations to a 'Strategic Partnership', India and Kuwait on Sunday signed a Memorandum of Understanding (MoU) to institutionalize bilateral cooperation in the area of defence during Prime Minister Narendra Modi's historic two-day visit to the key Gulf nation. Recognising that defence is an important component of the strategic partnership, both countries maintain that the MoU will provide the required framework to further strengthen bilateral defence ties, including through joint military exercises, training of defence personnel, coastal defence, maritime safety, joint development and production of defence equipment. The two sides also "unequivocally condemned" terrorism in all its forms and manifestations, including cross-border terrorism and called for disrupting of terrorism financing networks and safe havens, and dismantling of terror infrastructure. "Expressing appreciation of their ongoing bilateral cooperation in the area of security, both sides agreed to enhance cooperation in counter-terrorism operations, information and intelligence sharing, developing and exchanging experiences, best practices and technologies, capacity building and to strengthen cooperation in law enforcement, anti-money laundering, drug-trafficking and other transnational crimes," read the Joint Statement issued after the conclusion of PM Modi's visit. Discussions were also held to promote cooperation in cybersecurity, including prevention of use of cyberspace for terrorism, radicalisation and for disturbing social harmony. "The two sides expressed interest in pursuing deeper collaboration in the area of technology including emerging technologies, semiconductors and artificial intelligence. They discussed avenues to explore B2B cooperation, furthering e-Governance, and sharing best practices for facilitating industries/companies of both countries in the policies and regulation in the electronics and IT sector," the Joint Statement mentioned. The Kuwaiti side also expressed interest in cooperation with India to ensure its food-security. Both sides discussed various avenues for collaboration including investments by Kuwaiti companies in food parks in India. India welcomed Kuwait's decision to become a member of the International Solar Alliance (ISA), marking a significant step towards collaboration in developing and deploying low-carbon growth trajectories and fostering sustainable energy solutions. New Joint Working Groups (JWGs) have been set up in areas of trade, investments, education and skill development, science and technology, security and counter-terrorism, agriculture, and culture, in addition to the existing JWGs on health, manpower and hydrocarbons. Both sides emphasised on convening the meetings of the newly-formed Joint Commission on Cooperation (JCC) and the JWGs under it at an early date to further expand bilateral cooperation across various fields. Besides the MoU on defence, the executive programme on cooperation in the field of sports for 2025-2028 and the Cultural Exchange Programme (CEP) for 2025-2029, were also signed. The CEP will facilitate greater cultural exchanges in art, music, dance, literature and theatre, cooperation in preservation of cultural heritage, research and development in the area of culture and organising of festivals. The executive programme, meanwhile, will strengthen bilateral cooperation in the field of sports between India and Kuwait by promoting exchange of visits of sports leaders for experience sharing, participation in programmes and projects in the field of sports, exchange of expertise in sports medicine, sports management, sports media, sports science, among others. MENAFN22122024000231011071ID1109021460 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

BIRMINGHAM, England (AP) — Aston Villa says it has failed in an attempt to have Jhon Duran’s red card at Newcastle overturned on appeal. The 21-year-old Colombia international was sent off 32 minutes into a 3-0 defeat in the Premier League at St. James’ Park on Thursday after appearing to stamp on defender Fabian Schar, prompting a furious reaction from Villa head coach Unai Emery, who later indicated that the club would appeal. However, Villa said Friday night that its bid was unsuccessful and the forward will now serve a three-match ban for violent conduct. “Aston Villa can confirm that our decision to appeal Jhon Duran’s red card in our match with Newcastle United has been rejected," a statement on Villa’s official X account read. "The player will now miss our next three matches.” Duran will miss Premier League games against Brighton and Leicester, followed by Villa's FA Cup third-round match with West Ham on Jan. 10. ___ AP soccer: https://apnews.com/hub/soccer The Associated PressNaga Chaitanya announces new film NC24 on his birthday, shares poster

How the stock market defied expectations again this year, by the numbers NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The benchmark index posted its first back-to-back annual gains of more than 20% since 1998. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn’t just Apple, Nvidia and the like. Bitcoin and gold surged and “Roaring Kitty” reappeared to briefly reignite the meme stock craze. Stock market today: Stocks waver in thin trading after US markets reopen following a holiday pause Stocks are wavering on Wall Street in light trading as U.S. markets reopen following the Christmas holiday. The S&P 500 and Nasdaq composite were down by less than 0.1% in afternoon trading Thursday. The Dow Jones Industrial Average was up less than 0.1%. Gains in technology companies and retailers helped temper losses elsewhere in the market, including a pullback by some heavyweight Big Tech stocks. The Labor Department reported that U.S. applications for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. Treasury yields fell. U.S. markets have historically gotten a boost at year’s end despite lower trading volumes. Israel strikes Houthi rebels in Yemen's capital while the WHO chief says he was meters away JERUSALEM (AP) — A new round of Israeli airstrikes in Yemen have targeted the Houthi rebel-held capital of Sanaa and multiple ports. The World Health Organization’s director-general said the bombardment on Thursday took place just “meters away” as he was about to board a flight in Sanaa. He says a crew member was hurt. The strikes followed several days of Houthi attacks and launches setting off sirens in Israel. Israel's military says it attacked infrastructure used by the Houthis at the international airport in Sanaa, power stations and ports. The Israeli military hasn't responded to questions about the WHO chief's statement. Holiday shoppers increased spending by 3.8% despite higher prices New data shows holiday sales rose this year even as Americans wrestled with still high prices in many grocery necessities and other financial worries. According to Mastercard SpendingPulse, holiday sales from the beginning of November through Christmas Eve climbed 3.8%, a faster pace than the 3.1% increase from a year earlier. The measure tracks all kinds of payments including cash and debit cards. This year, retailers were even more under the gun to get shoppers in to buy early and in bulk since there were five fewer days between Thanksgiving and Christmas. Mastercard SpendingPulse says the last five days of the season accounted for 10% of the spending. Sales of clothing, electronics and Jewelry rose. Finland stops Russia-linked vessel over damaged undersea power cable in Baltic Sea FRANKFURT, Germany (AP) — Finnish police say authorities detained a ship linked to neighboring Russia as they investigate whether it damaged a Baltic Sea power cable and several data cables. It was the latest incident involving disruption of key infrastructure. Police and border guards boarded the Eagle S and took control as they investigate damage to the Estlink-2 undersea power cable. The cable brings electricity from Finland to Estonia across the Baltic Sea. The cable went down on Wednesday. The incident follows damage to two data cables and the Nord Stream gas pipelines. Both have been termed sabotage. Russian ship that sank in the Mediterranean was attacked, owner says MOSCOW (AP) — The Russian operator of a cargo ship that sank in the Mediterranean Sea between Spain and Algeria says it has been hit by a series of explosions in an act of sabotage. Oboronlogistica is a state-controlled company that operated the Ursa Major freighter. The company said the vessel was wrecked by three powerful explosions just above the water line in what it described as a “terrorist attack” that caused it to sink on Monday. The company said in a statement carried by Russia’s state RIA Novosti news agency on Thursday that the explosions left a hole in the ship’s starboard and filled the engine room with acrid smoke. That hampered the crew’s attempts to access it. Undersea power cable linking Finland and Estonia hit by outage, prompting investigation FRANKFURT, Germany (AP) — Finland’s prime minister says authorities are investigating an interruption in a power cable under the Baltic Sea between his country and Estonia. Petteri Orpo said on X that power transmission through the Estlink-2 cable suffered an outage Wednesday. Authorities have been on edge about undersea infrastructure in the Baltic after two international data cables were severed in November and the Nord Stream gas pipelines between Russia and Germany were blown up in September 2022. Japan to maximize nuclear power in clean-energy push as electricity demand grows TOKYO (AP) — A Japanese government panel has largely supported a draft energy policy calling for bolstering renewables up to half of Japanese electricity needs by 2040. It also recommends maximizing the use of nuclear power to accommodate the growing demand for power in the era of AI while meeting decarbonization targets. Cabinet is expected to formally approve the plan by March following a period of public consultation. The policy says nuclear energy should account for 20% of Japan’s energy supply in 2040, with renewables expanded to 40-50% and coal-fired power reduced to 30-40%. Working Well: Returning to the office can disrupt life. Here are some tips to navigate the changes NEW YORK (AP) — Thousands of workers are facing an unsettling reality heading into 2025. After years of working from the comfort of home, they're being told it’s time to return to the office full-time for the first time since the coronavirus pandemic. That can bring a host of challenges, including losing time with family. Workers at Amazon, AT&T and other companies have been called back to the office five days a week. Experts have advice to share about how to navigate the changes when an employer calls you back to the office. Workers can convey what they need, seek flexibility and if all else fails, consider other options. US applications for unemployment benefits hold steady, but continuing claims rise to 3-year high WASHINGTON (AP) — The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. The US Labor Department reported Thursday that jobless claim applications ticked down by 1,000 to 219,000 for the week of Dec. 21. That’s fewer than the 223,000 analysts forecast. Continuing claims, the total number of Americans collecting jobless benefits, climbed by 46,000 to 1.91 million for the week of Dec. 14. That’s more than analysts projected and the most since the week of Nov. 13, 2021. Weekly applications for jobless benefits are considered representative of U.S. layoffs.Smart Money Is Betting Big In BKNG Options

Vancouver-based bookkeeping service Bench Accounting has announced its sudden closure, potentially putting hundreds of staff out of work. The company that has described itself as North America’s largest bookkeeping service for small businesses says on its website in a “notice of closure” dated Friday that the platform is “no longer accessible.” The statement acknowledges that the closure is “abrupt and may cause disruption,” and says the firm is committed to helping customers “navigate through the transition.” Bench has previously said it had more than 600 employees and had received investor funding of US$113 million. It said it moved to Vancouver and changed its name to Bench in 2013, having started out in 2012 as 10sheet Inc in the U.S. Calls to Bench’s Vancouver office went to voice mail and did not immediately receive a response. But the company’s former CEO and co-founder Ian Crosby released a statement on social media on Friday, saying he was “very sad” about the closure. Crosby, who said he was ousted by the company’s board about three years ago, said there was a lesson in the fate of the company. “I hope the story of Bench goes on to become a warning for VCs (venture capitalists) that think they can ‘upgrade’ a company by replacing the founder. It never works,” he said. The University of British Columbia Sauder Business School alumni said he had been avoiding speaking publicly about Bench since his exit, but wanted to make a statement in light of the company’s demise. He said that in 2021 he had been battling with some board members over their strategy for a “new direction” that he thought was a “very bad idea.” “Rather than continuing to fight with me, they opted to just replace me, thinking that they could run the company better themselves,” he said. “I was totally convinced that their approach would destroy the company. I opted to resign rather than fight.” Other bookkeeping companies were quick to reach out to Bench’s former clients, with rivals such as Acuity and Better Bookkeeping making reference to Bench’s closure in social media pitches. A spokeswoman for B.C.‘s jobs ministry said they were looking into a request for comment. This report by The Canadian Press was first published Dec. 27, 2024.Giants star WR Malik Nabers (toe) says he's a game-time decision

Ex-OpenAI engineer who raised legal concerns about the technology has diedBenchmark reissued their buy rating on shares of i3 Verticals ( NASDAQ:IIIV – Free Report ) in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a $33.00 price target on the stock. Several other analysts also recently issued reports on the stock. BMO Capital Markets cut their target price on shares of i3 Verticals from $23.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday, October 3rd. Stephens reissued an “overweight” rating and set a $29.00 target price on shares of i3 Verticals in a research note on Friday, August 16th. Raymond James lowered their price target on shares of i3 Verticals from $31.00 to $28.00 and set a “strong-buy” rating on the stock in a report on Monday, August 12th. KeyCorp lowered their price target on shares of i3 Verticals from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Finally, DA Davidson restated a “buy” rating and set a $32.00 price target on shares of i3 Verticals in a report on Monday, September 30th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.14. View Our Latest Analysis on i3 Verticals i3 Verticals Price Performance Institutional Investors Weigh In On i3 Verticals A number of large investors have recently bought and sold shares of IIIV. Comerica Bank boosted its holdings in i3 Verticals by 46.0% in the first quarter. Comerica Bank now owns 2,133 shares of the company’s stock worth $49,000 after purchasing an additional 672 shares in the last quarter. Quantbot Technologies LP bought a new stake in i3 Verticals in the third quarter worth $109,000. SG Americas Securities LLC bought a new stake in i3 Verticals in the second quarter worth $116,000. Atom Investors LP bought a new stake in i3 Verticals in the third quarter worth $218,000. Finally, Sanctuary Advisors LLC bought a new stake in i3 Verticals in the second quarter worth $292,000. 84.22% of the stock is currently owned by institutional investors. About i3 Verticals ( Get Free Report ) i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities. Read More Receive News & Ratings for i3 Verticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for i3 Verticals and related companies with MarketBeat.com's FREE daily email newsletter .