Tiger Woods hospitalised after car crash

The vehicle driven by Tiger Woods lies on its side in Rancho Palos Verdes, California, after a roll-over accident. The golfer was transported to a hospital following the accident.

Video Transcript

[NO SPEECH]

Recommended Stories

  • Discovery's Debt Overview

    Shares of Discovery (NASDAQ:DISCA) increased by 98.14% in the past three months. Before we understand the importance of debt, let us look at how much debt Discovery has. Discovery's Debt According to the Discovery's most recent balance sheet as reported on February 22, 2021, total debt is at $15.40 billion, with $15.07 billion in long-term debt and $335.00 million in current debt. Adjusting for $2.09 billion in cash-equivalents, the company has a net debt of $13.31 billion. Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents. To understand the degree of financial leverage a company has, shareholders look at the debt ratio. Considering Discovery's $34.09 billion in total assets, the debt-ratio is at 0.45. Generally speaking, a debt-ratio more than one means that a large portion of debt is funded by assets. As the debt-ratio increases, so the does the risk of defaulting on loans, if interest rates were to increase. Different industries have different thresholds of tolerance for debt-ratios. A debt ratio of 40% might be higher for one industry and normal for another. Importance Of Debt Besides equity, debt is an important factor in the capital structure of a company, and contributes to its growth. Due to its lower financing cost compared to equity, it becomes an attractive option for executives trying to raise capital. However, due to interest-payment obligations, cash-flow of a company can be impacted. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital. Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from BenzingaClick here for options trades from Benzinga12 Communication Services Stocks Moving In Monday's Pre-Market SessionRecap: Discovery Q4 Earnings© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Tiger Woods Sustains 'Multiple Leg Injuries' In LA Car Crash

    Golf legend Tiger Woods was injured Tuesday morning in a single-vehicle SUV crash in Los Angeles. What Happened: Woods’ vehicle was involved in a rollover and sustained major damages, according to a statement issued by the Los Angeles Sheriff’s Department. First responders arrived on the scene at 7:12 a.m. PT and Woods was “extricated from the wreck with the ‘jaws of life’ by Los Angeles County firefighters and paramedics, then transported to a local hospital by ambulance for his injuries.” Woods was the sole passenger in the vehicle. "Tiger Woods was in a single-car accident this morning in California where he suffered multiple leg injuries. He is currently in surgery and we thank you for your privacy and support," Woods' agent Mark Steinberg said in a statement. Tiger Woods’ vehicle after the crash this morning that now has him in surgery for what his agent is calling “multiple leg injuries.” pic.twitter.com/VbI5qvyj8g — Adam Schefter (@AdamSchefter) February 23, 2021 A Groundbreaking Career: Woods has been a dominant force in PGA golf since he turned professional in 1996, gaining attention for record-breaking triumphs and demoralizing personal and professional setbacks, including a 2017 arrest for drunk driving. On Sunday, he appeared in a CBS Sports (NASDAQ: VIAC) interview on whether he would be playing in April's Masters Tournament. "A lot of it is based on my surgeons and my doctors and my therapists and making sure that I do it correctly," Woods said. "This is the only back I got, so I don't have much more wiggle room left here." In 2020, he earned $60 million in commercial endorsements from sponsors that included Bridgestone (PINK: BRDCY), Discovery Communications Inc. (NASDAQ: DISCA), and Nike (NYSE: NKE). Photo courtesy Jim Epler / Creative Commons. See more from BenzingaClick here for options trades from BenzingaAmerican Express Launches M Grant Program To Aid Small, Historic RestaurantsCherokee Nation Asks Jeep To Stop Using Its Name On Vehicles© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Tiger Woods "afortunado de estar vivo" después de un grave accidente en Rancho Palos Verdes

    El accidente de Tiger Woods envía a la estrella de golf al hospital después de que fue rescatado de un accidente en que su auto se volcó cerca de Rancho Palos Verdes

  • Tiger Woods in Surgery After Getting Injured in L.A. Car Accident

    Woods was still recovering from a back operation earlier this year at the time of the crash

  • Tiger Woods Has Been Hospitalized Following Serious ‘Roll-Over’ Car Crash

    The Los Angeles County Sheriff's Department confirmed the incident in a statement on Twitter Tuesday, sharing that authorities responded to a collision early this morning.

  • Tiger Woods was doing a video shoot with several celebrities the day before his terrible car accident

    Just one day before Tiger Woods' car accident, he was doing a video shoot with Dwyane Wade and David Spade at a golf course in California.

  • Cable News Networks Shift To Coverage Of Tiger Woods SUV Crash

    As news broke that Tiger Woods was injured in a serious vehicle crash in Los Angeles, cable news networks quickly shifted to nonstop coverage, breaking away from what looked like a day devoted to D.C. politics. The networks scrambled to book sports reporters and commentators who could talk about the accident, his health history and […]

  • FDA could authorize the Johnson & Johnson COVID vaccine this week. How will it help NC?

    The Johnson & Johnson vaccine would only require one shot and could boost supplies as soon as March.

  • Tiger Woods was driving $50,000 luxury SUV at time of crash

    Golfer was driving sponsored Genesis GV80 SUV while in California

  • UPDATE: Tiger Woods injured in rollover crash; suffered multiple leg injuries

    According to a report, Tiger Woods was injured in a Los Angeles-area car crash and needed to be pulled from his vehicle by the Jaws of Life.

  • Golf world sends well wishes to Tiger Woods after California car wreck

    Not long after news of Tiger Woods' car crash rocked the sports world, pro golfers like Jack Nicklaus and Phil Mickelson wished Woods a full recovery. CBS Los Angeles sports director Jim Hill reports.

  • American Express Launches $1M Grant Program To Aid Small, Historic Restaurants

    American Express (NYSE: AXP) has teamed with the National Trust for Historic Preservation for a new grant program, “Backing Historic Small Restaurants,” which will provide more than $1 million to the owners of small, historic restaurants impacted by the COVID-19 pandemic. What Happened: The program will award 25 grants of $40,000, funded by American Express and administered by the National Trust. Eligible restaurants will need to be independently owned, operating for at least 25 years and located within a historic building or neighborhood. The restaurants will need to show significant financial hardship due to the impacts of the pandemic and and not have already received significant pandemic-related assistance. Preference will be given to businesses owned by underrepresented groups, including women and people of color. As part of the program, American Express’ hospitality technology platform Resy will offer grant recipients one year’s worth of complimentary use of ResyOS, its restaurant management software. Related Link: Jim Cramer Says 'Not Too Late' To Bet On These Reopening Plays AT&T Business (NYSE: T) and Dell Technologies (NYSE: DELL) will each offer each grant recipient up to $5,000 to spend on their respective products and services for digital upgrades. Also, the nonprofit Main Street America will provide specialized technical assistance on small business marketing strategy through a series of three training webinars and Q&A “ask the expert” opportunities with UrbanMain Marketing Specialists. The National Restaurant Association and National Restaurant Association Educational Foundation will also offer access to virtual educational tools and training to the 25-awarded restaurants and up to 75 nominees. Why It’s Important: According to the gourmand magazine Bon Appetit, the food and beverage industry accounted for one in four jobs lost during the pandemic, which is greater than any other sector of the U.S. economy. The National Restaurant Association released a survey in December that found 17% of U.S. restaurants — approximately 110,000 businesses — closed during the pandemic, with 10,000 closing in the fourth quarter of 2020. The majority of the closed establishments had, on average, been in operation for 16 years. “For generations, our nation’s oldest and most historic small restaurants have been safe spaces for customers to share meals, ideas, and their culture,” said Colleen Taylor, president of U.S. merchant services at American Express. “They are at the heart of our neighborhoods, serve our communities, and help advance cultural and social change for those who live there. Many have stood the test of time, but the pandemic has tested them in ways they could have never imagined. The ‘Backing Historic Small Restaurants’ program will help preserve these spaces not only for their legacy, but also for their earned place in our nation’s future.” What's Next: Nominations for the program will be accepted through March 9 and the grantees will be announced in May to coincide with National Preservation Month. Photo courtesy William Helsen/Flickr. See more from BenzingaClick here for options trades from BenzingaCherokee Nation Asks Jeep To Stop Using Its Name On VehiclesAhmed Zaki Yamani, Saudi Oil Minister Who Led 1973 Embargo, Dies At 90© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Tiger Woods suffers ‘multiple’ injuries in car crash

    Golf legend Tiger Woods was rushed to a Los Angeles hospital on Tuesday after suffering multiple injuries when his car went off a road and rolled down a steep hillside. Woods was the only person in the car and no other cars or people were involved in the crash. Los Angeles County Sheriff, Alex Villenueva:"We arrived at the scene at 7:18 am, and discovered the solo vehicle collision, and the sole occupant was again Tiger Woods. And deputies at the time they did not see any evidence of impairment, anything of concern. Obviously there were life threatening measures that had to be taken." The 45 year-old was driving near Los Angeles when his vehicle flipped and crashed.Woods' injuries were not believed to be life threatening according to ESPN, citing police sources. The Los Angeles County Sheriff's Department responded to a roll-over traffic collision at approximately 7:12 a.m. local time and said a traffic investigation was being conducted. In a statement to Golf Digest journalist Daniel Rapaport, Woods’ agent, Mark Steinberg said the golf star “suffered multiple leg injuries.” Woods, whose career has been hampered in recent years by back injuries, hosted the PGA tour's annual Genesis Invitational at the Riviera Country Club over the weekend, but did not compete. He underwent his fifth back surgery in December. Woods held the top spot in professional golf's world rankings for a record total of 683 weeks, winning 14 major championship titles between 1997 and 2008.After a series of injuries and personal issues at times derailed his career, Woods claimed his 15th major title at the Masters in 2019.

  • Area where Tiger Woods crashed has dangerous stretch of road, residents say

    Tiger Woods was seriously injured Tuesday when his SUV crashed into a median, rolled over and ended up on its side near a steep road in suburban Los Angeles known for wrecks. CBS Los Angeles' Jeff Nguyen reports.

  • Facebook Faces Year of Reckoning After Showdown in Australia

    (Bloomberg) -- Facebook Inc.’s brief but tempestuous standoff with the Australian government over a world-first pay-for-news law is only the start of a string of regulatory battles that the world’s biggest social network faces in 2021.Mark Zuckerberg started the year on the offensive, blocking news across Rupert Murdoch’s home turf of Australia to fend off demands that Facebook pay media companies for content shared on its platform.On Tuesday, Zuckerberg struck a compromise after 11th-hour talks with the government on the legislation that’s also aimed at Google and is expected to pass Australia’s parliament this week. But a regulatory domino effect is already underway, with publishers pressuring the European Union to emulate Australia’s approach.With the prospect of more assertive regulation and even Apple Inc. questioning Facebook’s longstanding model of using data to better target advertising, the social media platform’s way of doing business faces being upended.U.S. legislators are voicing the loudest concerns about Facebook, with Rhode Island Congressman and Antitrust Subcommittee Chairman David Cicilline tweeting that the company “is not compatible with democracy.” Congress is holding hearings this week to consider tougher antitrust measures to rein in the powers of the company and other tech giants.Australia’s Prime Minister Scott Morrison, meanwhile, said he’s discussed Facebook with Indian Prime Minister Narendra Modi, Canadian leader Justin Trudeau, French President Emmanuel Macron and the U.K.’s Boris Johnson, whose government plans to conduct antitrust probes into its operations.Facebook’s Australia Face-Off Could Backfire Across the GlobeFacebook has struggled to shake off deep-seated distrust since the Cambridge Analytica scandal exposed failings in safeguarding personal data. It courted fresh controversy this January when WhatsApp’s privacy policy was updated to help it share more information with its parent, leading to several lawsuits and a flood of users joining rival messaging services Telegram and Signal.Facebook’s abrupt move to cut off news sharing in Australia -- jeopardizing credible sources of information about the coronavirus during a crucial time in vaccine rollout -- was widely criticized. But the high stakes gambit did help it wring some concessions from the government, which announced key amendments to the planned law on Tuesday. Crucially, Facebook and Google can decide what commercial deals to cut with news publishers, and will only face forced arbitration as a last resort.In a blog post by vice president Nick Clegg, Facebook reiterated its stance that “We neither take nor ask for the content for which we were being asked to pay a potentially exorbitant price.”The “lesson for regulators and governments around the world is, Facebook is a formidable foe that’s willing to pull out the big guns to get what it wants,” former Facebook Australia and New Zealand Chief Executive Officer Stephen Scheeler said in a phone interview Wednesday. The Silicon Valley firm has the power “to essentially undermine a government position on a topic.”Among its other battles, the company has been hit with a lawsuit by the U.S. Federal Trade Commission alleging a “multi-year course of illegal conduct” and anticompetitive behavior. An unfavorable ruling in that case could ultimately force Facebook to sell off Instagram.And Zuckerberg, along with the leaders of Twitter Inc. and Alphabet Inc., will be answering U.S. legislators’ questions in March about the spread of misinformation online and the responsibility of platforms to curtail it.Did Big Tech Get Too Big? U.S. Crackdown Seeks Answer: QuickTakeIn response to mounting criticism, Facebook last year set up an Oversight Board of academics, lawyers, journalists and human rights advocates to review its content decisions and try to tamp down concerns about its influence. The board’s rulings are binding: it’s reversed a number of the company’s decisions and next on its agenda will be to judge the validity of former President Donald Trump’s indefinite suspension from Facebook and Instagram.Outside of elected officials, the social network is involved in another thorny dispute with a rule-setting body of sorts: Apple. The iPhone maker plans changes to privacy rules on its mobile devices that will require explicit permission before software makers can collect certain data and track user activity across apps and websites.Facebook, which relies on such information to fine-tune its ads, has been fighting the move in the public arena, taking out full-page advertisements in U.S. newspapers and presenting itself as an advocate for small businesses.Meanwhile, the Australian legislation could serve as a global benchmark for how to force tech titans to the negotiating table and pay the traditional media for their news content.Johan Lidberg, an associate professor at Melbourne’s Monash University who specializes in media and journalism, said he’s been inundated with calls from overseas publishers “who want to talk about what actually happened in Australia and how did it come about.”“The next two years are going to be fascinating to watch,” he said. Facebook will have to make some fundamental choices, because “it is not long-term sustainable to have such dominance by so few players in the marketplace.”(Updated with blog post from Facebook.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.