IOC Postpones Summer Olympics till 2021, “The Olympic Flame Can Become The Light at The End of This Dark Tunnel”

IOC Postpones Summer Olympics till 2021, “The Olympic Flame Can Become The Light at The End of This Dark Tunnel”

Lausanne, Switzerland…We at the IOC, but I can also say after the phone call with Prime Minister Abe, our Japanese partners and friends, we are not only aware of the seriousness of this global pandemic, but also, and even more importantly, what it is doing to people’s lives. We are in fact very worried about […]

Tax Day Now July 15: Treasury, IRS Extend Filing Deadline and Federal Tax Payments Regardless of Amount Owed

Tax Day Now July 15: Treasury, IRS Extend Filing Deadline and Federal Tax Payments Regardless of Amount Owed

Washington, DC… The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. […]

Federal Reserve Announces Extensive New Measures to Support the Economy

Federal Reserve Announces Extensive New Measures to Support the Economy

Washington, DC…The Federal Reserve is committed to using its full range of tools to support households, businesses, and the U.S. economy overall in this challenging time. The coronavirus pandemic is causing tremendous hardship across the United States and around the world. Our nation’s first priority is to care for those afflicted and to limit the […]

All Vail Resorts Will Close from March 15 – March 22 Says CEO Rob Katz

All Vail Resorts Will Close from March 15 – March 22 Says CEO Rob Katz

Broomfield, CO…This has no doubt been an incredibly challenging time. With 37 resorts spread across 15 states and three countries, we – like the rest of the world – have been closely tracking every new development related to coronavirus (COVID-19) and have been in constant contact with local health officials for guidance. Without question, our […]

Roche’s Rapid Test to Detect Novel Coronavirus Receives FDA Emergency Use Authorization

Roche’s Rapid Test to Detect Novel Coronavirus Receives FDA Emergency Use Authorization

Basel, Switzerland…Roche today announced that the U.S. Food and Drug Administration (FDA) has issued an Emergency Use Authorization (EUA) for the cobas® SARS-CoV-2 Test. It is intended for the qualitative detection of SARS-CoV-2, the virus that causes COVID-19 disease, in nasopharyngeal and oropharyngeal swab samples from patients who meet COVID-19 clinical and/or epidemiological criteria for […]

Quest Diagnostics Launches Coronavirus Disease 2019 (COVID-19) Test. Started Receiving Specimens March 9th

Quest Diagnostics Launches Coronavirus Disease 2019 (COVID-19) Test.  Started Receiving Specimens March 9th

Secaucus, NJ…Quest Diagnostics (NYSE: DGX), the world’s leading provider of diagnostic information services, has launched a coronavirus (COVID-19) test service. The new test service aids the presumptive detection of nucleic acid in respiratory specimens of patients meeting CDC’s clinical criteria for COVID-19 testing. Quest was in position to receive specimens for testing, and begin to […]

Jobs Numbers Roar Ahead in February with 273,000 Jobs Added

Jobs Numbers Roar Ahead in February with 273,000 Jobs Added

Washington, DC…Total nonfarm payroll employment rose by 273,000 in February, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and social assistance, food services and drinking places, government, construction, professional and technical services, and financial activities. This news release […]

Federal Reserve FOMC On Dropping Interest Rates Due to Coronavirus

Federal Reserve FOMC On Dropping Interest Rates Due to Coronavirus

Washington, DC…The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage […]