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.

McClatchy, Nation’s Second Largest Newspaper Publisher Files For Bankruptcy.

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 […]

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 […]

FCC Investigating 911 Outage That Affected CenturyLink Customers Nationwide

FCC Investigating 911 Outage That Affected CenturyLink Customers Nationwide

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 […]

Dow Roars Up 1,084.89 & Almost 5% in Post Christmas Bounce!

Dow Roars Up 1,084.89 & Almost 5% in Post Christmas Bounce!

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 […]

U.S. Retail Sales Grew 5.1 Percent This Holiday Season

U.S. Retail Sales Grew 5.1 Percent This Holiday Season

Purchase, NY…A robust shopping season from before Thanksgiving through Christmas has given retailers much to cheer about this year. According to Mastercard SpendingPulseTM, which provides insights into overall retail spending trends across all payment types, including cash and check, holiday sales increased 5.1 percent to more than $850 billion this year – the strongest growth […]

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