Irving, TX…The Boy Scouts of America (BSA) today announced that the national organization has filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code to achieve two key objectives: equitably compensate victims who were harmed during their time in Scouting and continue carrying out its mission for years to come. The BSA intends to […]
Sacramento, CA…From McClatchy..”On February 13, 2020, we announced that we are commencing a restructuring under Chapter 11 of the U.S. Bankruptcy Code to provide McClatchy with immediate protection while we pursue approval of our proposed restructuring plan and work to definitively address the Company’s funded debt, strengthen our balance sheet, and address our pension obligations […]
Washington, DC….Economy Added 225,000 Non-Farm Jobs in January. Construction, Health Care, Transportation & Warehousing Lead Way. Total nonfarm payroll employment rose by 225,000 in January, and the unemployment rate was little changed at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in construction, in health care, and in transportation […]
Davenport, IA…Lee Enterprises, Incorporated (NYSE: LEE), a trusted local news provider and leading platform for advertising in 50 markets, has entered into a definitive agreement with Berkshire Hathaway to acquire BH Media Group’s (“BHMG”) publications and The Buffalo News for $140 million in cash. Berkshire Hathaway is providing approximately $576 million in long-term financing to […]
Washington, DC…According to the latest numbers released by the Bureau of Labor Statistics the public sector continues to be the most lucrative portion of our economy to work. Historically public sector jobs provided security at a lower compensation rate as a trade off. Government jobs now provide not only security but much higher average hourly […]
Washington, DC…Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the first quarter of 2019 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2018, real GDP increased 2.2 percent. The increase in real GDP in the first quarter reflected […]
South San Francisco CA…Cortexyme, Inc., the privately held, clinical-stage pharmaceutical company developing therapeutics to alter the course of Alzheimer’s disease (AD) and other degenerative disorders, has announced publication of a foundational paper supporting its approach in Science Advances, a top-ranked multidisciplinary journal published by the American Association for the Advancement of Science (AAAS). In the […]
Cape Canaveral, FL…NASA astronaut E. Michael “Mike” Fincke has been added to the crew of the Boeing CST-100 Starliner’s Crew Flight Test, scheduled to launch later this year. Fincke takes the place of astronaut Eric Boe, originally assigned to the mission in August 2018. Boe is unable to fly due to medical reasons; he will replace Fincke […]
Washington, DC…Federal Communications Commission Chairman Ajit Pai announced today that the agency has launched an investigation into the nationwide CenturyLink outage, which has affected 911 service for numerous consumers across the country. Chairman Pai issued the following statement regarding the situation: “When an emergency strikes, it’s critical that Americans are able to use 911 to […]
New York, NY…Dow Roars Up 1,084.89 & Almost 5% in Post Christmas Bounce! Good retail numbers led the way as the Dow climbed back up in one of the largest single day gains in Dow history. Markets are still down for the year but this erases some of the doom and gloom mood of the […]