Bob Chapek Named Chief Executive Officer of The Walt Disney Company Robert A. Iger Assumes Role of Executive Chairman through 2021

Bob Chapek Named Chief Executive Officer of The Walt Disney Company Robert A. Iger Assumes Role of Executive Chairman through 2021

Burbank, CA…The Walt Disney Company (NYSE: DIS) Board of Directors announced today that Bob Chapek has been named Chief Executive Officer, The Walt Disney Company, effective immediately. Mr. Chapek most recently served as Chairman of Disney Parks, Experiences and Products. Robert A. Iger assumes the role of Executive Chairman and will direct the Company’s creative […]

Boy Scouts of America Files for Chapter 11 Bankruptcy to Equitably Compensate Victims While Ensuring Scouting Continues

Boy Scouts of America Files for Chapter 11 Bankruptcy to Equitably Compensate Victims While Ensuring Scouting Continues

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 […]

McClatchy, Nation’s Second Largest Newspaper Publisher Files For Bankruptcy. Sacramento Bee & Others to Continue Publication

McClatchy, Nation’s Second Largest Newspaper Publisher Files For Bankruptcy.  Sacramento Bee & Others to Continue Publication

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 […]

Economy Added 225,000 Non-Farm Jobs in January. Construction, Health Care, Transportation & Warehousing Lead Way.

Economy Added 225,000 Non-Farm Jobs in January.  Construction, Health Care, Transportation & Warehousing Lead Way.

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 […]

Lee Enterprises to Buy Berkshire Hathaway Newspaper Operations

Lee Enterprises to Buy Berkshire Hathaway Newspaper Operations

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 […]

State & Local Public Servants Average $51.66 Per Hour, Those They Serve Average $34.77.

State & Local Public Servants Average $51.66 Per Hour, Those They Serve Average $34.77.

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 […]

Gross Domestic Product, First Quarter 2019 Advance Estimate at Strong 3.2%

Gross Domestic Product, First Quarter 2019 Advance Estimate at Strong 3.2%

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 […]

CAL FIRE Investigators Determine PG&E Not the Cause of the Tubbs Fire

CAL FIRE Investigators Determine PG&E Not the Cause of the Tubbs Fire

Sacramento, CA…After an extensive and thorough investigation, CAL FIRE has determined the Tubbs Fire, which occurred during the October 2017 Fire Siege, was caused by a private electrical system adjacent to a residential structure. CAL FIRE investigators did not identify any violations of state law, Public Resources Code, related to the cause of this fire. […]

Newly Published Research Points to Gum Disease as Potential Alzheimer’s Cause

Newly Published Research Points to Gum Disease as Potential Alzheimer’s Cause

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 […]

NASA Adds E. Michael “Mike” Fincke to Crew Assignment for Manned Boeing Flight Test

NASA Adds E. Michael “Mike” Fincke to Crew Assignment for Manned Boeing Flight Test

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 […]

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