Moody’s first-quarter profit up 37 per cent

first_imgWednesday 27 April 2011 8:33 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesHero Wars This game will keep you up all night! Hero Wars Drivepedia20 Of The Most Underrated Vintage CarsDrivepediaGundry MD Total Restore SupplementWhat Rice Does to the Human BodyGundry MD Total Restore SupplementFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm OracleBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Life Share Moody’s first-quarter profit up 37 per cent whatsapp Bond ratings company Moody’s has posted a rise in first-quarter profit, topping Wall Street expectations, and raised its dividend as corporate debt issuance jumped.Net income rose 37 per cent to $155.5m (£94.3m) from $113.4m a year earlier, equating to a 43 per cent rise in earnings per share to 67 cents, from 47 cents in 2010. Analysts on average expected 54 cents a share.Moody’s has raised its 2011 earnings forecast and boosted its dividend based on its strong first-quarter performance, chief executive Raymond McDaniel said in a statement.The company increased its quarterly dividend to 14 cents a share from 11.5 cents. It raised its full-year earnings forecast to $2.22 to $2.32 per share from a previous $2.12 to $2.22.First-quarter revenue rose to $577.1m from $476.6m a year earlier. center_img whatsapp Show Comments ▼ More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org alison.lock Tags: NULLlast_img read more

Rush Street Interactive names Sauers as new finance chief

first_imgRead the full story on iGB North America. Tags: Rush Street Interactive Rush Street Gaming “RSI’s leadership in online casino and innovation in sports betting present a unique opportunity,” Sauers said. “I look forward to working closely with the RSI team to drive growth, efficiency and value for all stakeholders.” Based in Chicago, Michigan and reporting to RSI’s chief executive Greg Carlin, Sauers will be responsible for all financial and treasury functions, as well as investor relations. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sauers joins RSI from logistics and supply chain management services provider Echo Global Logistics, where he served as CFO for more than seven years. Rush Street Interactive (RSI), the betting and igaming arm of the land-based operator, has appointed Kyle Sauers as its new chief financial officer, with effect from 23 October. 12th October 2020 | By Robin Harrison Subscribe to the iGaming newslettercenter_img Rush Street Interactive names Sauers as new finance chief Topics: Casino & games People Online casino People moves CEO Carlin added: “Kyle’s proven track record as a public company CFO and extensive experience growing technology businesses make him a great addition to RSI’s management team as we continue to rapidly scale our business.” People moves Regions: US Prior to this, Sauers was general manager of the security and inspection products division at Varian Medical Systems, and also had a spell as CFO at both Bio-Imaging Research and Sphere Communications. Email Addresslast_img read more

United Capital PLC (UBCAP.ng) Q12017 Interim Report

first_imgUnited Capital PLC (UBCAP.ng) listed on the Nigerian Stock Exchange under the Investment sector has released it’s 2017 interim results for the first quarter.For more information about United Capital PLC (UBCAP.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the United Capital PLC (UBCAP.ng) company page on AfricanFinancials.Document: United Capital PLC (UBCAP.ng)  2017 interim results for the first quarter.Company ProfileUnited Capital Plc is a financial services institution in Nigeria providing products and services for investment banking, asset management, trusteeship, securities trading and insurance. The company targets corporations, governments, institutions and high net worth individuals as well as retail investors in Nigeria and other countries in Africa. United Capital Investment Banking offers advisory services which include project finance, capital markets, mergers and acquisitions and structured finance. United Capital Asset Management expertise covers portfolio/fund management, mutual funds, wealth management and investment advisory services. United Capital Trustees has over 50 years’ experience in Trust services and extensive expertise in debenture trusts, mutual funds, bonds and REITS. United Capital Securities Limited is a dealing member of the Nigerian Stock Exchange (NSE) and registered by the Securities & Exchange Commission (SEC) as a Broker/Dealer. The company is also a registered dealing member of NASD OTC Plc which enables it to deal in over-the-counter equity and fixed income securities. Formerly known as UBA Capital Plc, the company changed its name to United Capital Plc in 2014. The company head office is in Lagos, Nigeria. United Capital Plc is listed on the Nigerian Stock Exchangelast_img read more

UK share prices: I’d invest £10k in these stocks in an ISA to make a million

first_imgUK share prices: I’d invest £10k in these stocks in an ISA to make a million Enter Your Email Address Royston Wild owns shares of Barratt Developments. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. Royston Wild | Tuesday, 4th August, 2020 | More on: AUG BDEV PFD Stock markets have bounced from their 2020 lows but many UK share prices remain too cheap to miss. We here at The Motley Fool believe that share market corrections provide rare opportunities for share pickers to turbocharge the profits they make. They shouldn’t be used as a reason to sell everything and run for cover, as many investors have recently done.History shows us that near-term costs of market crashes are negligible over the long term. The average buyer of UK shares can still expect to make excellent returns. Remember that you and I only rack up losses when selling stocks for cheaper than we buy them for. Those investors who have built high-quality stock portfolios will always see the value of their investments recover as economic conditions improve. If you remain confident in the long-term profits outlook for your shares the last thing you should do is sell.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…3 great buys after the stock market crashAs I say, I think the stock market crash provides a splendid investment opportunity for savvy investors. Let me illustrate some of the UK share prices I think are irresistible today.Premier Foods is a share I’ve had my eye on for a long time. It trades on a forward price-to-earnings (P/E) ratio of 9 times, a reading that makes it a great value buy whatever your appetite for risk. In the short term nervous investors can take heart from the company’s defensive operations. Demand for its essential foods will remain robust regardless of the economic downturn, and by extension this small cap’s annual profits performance. And the evergreen appeal of some of Premier Foods’s star labels (like Mr Kipling cakes) will underpin steady profits growth further out.Augean is another great pick for those hunting low UK share prices. Today it trades on a P/E ratio of just 11 times for 2020. I think it’s a reading that fails to reflect the bright growth drivers that should lead to strong profits at this firm – a specialist in the waste management business. With environmentalism high on the agenda of legislators, Augean can expect demand for its waste treatment, recovery, and recycling services to steadily pick up.I’d also consider buying Barratt Developments at current prices. It’s a FTSE 100 share that I own and that has delivered some mighty dividend payments since I bought in. I’m confident that the housebuilder will reinstate payments before long and get back to doling out chunky cheques once the immediate economic shock of Covid-19 evaporates. Britain is still suffering from a homes shortage which is set to plague the 2020s like it did the last decade. And I’d buy Barratt and its forward P/E ratio of 11 times to capitalise on this.More cheap UK share prices to buy today!These are only a few of the exceptional shares that are trading below true value right now. And even more irresistible UK share prices can be found be perusing The Motley Fool’s huge library of special reports. The stock market crash offers a great chance for investors like you and me to get rich. So do some research and get investing today! Click here to claim your free copy of this special investing report now! Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away.center_img Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. 5 Stocks For Trying To Build Wealth After 50 Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Royston Wild Image source: Getty Images. last_img read more

The Aston Martin share price dropped 12% in two days. Would I buy AML today?

first_imgSimply click below to discover how you can take advantage of this. Cliff D’Arcy | Saturday, 12th December, 2020 | More on: AML Our 6 ‘Best Buys Now’ Shares Enter Your Email Address The high-calibre small-cap stock flying under the City’s radar Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! Image source: Aston Martin center_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Although I’m no petrolhead (indeed, I rarely ever drive), I’ve long been an admirer of Aston Martin‘s luxury cars. Perhaps it’s the association with the late Sean Connery as James Bond, but I’ve always regarded Aston Martin as a leading aspirational brand. In late 2018, Aston Martin Lagonda Global Holdings (LSE: AML) floated on the London Stock Exchange, giving the public an opportunity to invest in this iconic company. What has happened since to the Aston Martin share price has been a brutally painful lesson for investors.The Aston Martin share price crashWhen the luxury carmaker returned to the stock market in October 2018, it priced its shares at £19 apiece. This valued the 107-year-old brand at a tidy £4.3bn. This was a very rich valuation, given that AML made only £87m pre-tax profit in 2017 and a £163m loss in 2016. Also, the company was being floated by private-equity owners, who load up businesses with debt so as to extract maximum value. As a result, the Aston Martin share price headed south almost as swiftly as its supercars accelerate from 0-60mph.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…By the end of 2019, just 14 months after its IPO (initial public offering), the Aston Martin share price had crashed to 167.64p. That’s a collapse of more than nine-tenths (91.2%) from the float price. Then a ‘white knight’ investor rode to AML’s rescue. Canadian billionaire and Racing Point F1 Team owner Lawrence Stoll and others agreed to pay £182m to buy a quarter of Aston Martin.Covid-19 wrecks Aston MartinOf course, the global Covid-19 pandemic did untold damage to AML’s business model. First-quarter sales plunged, with revenues crashing by three-fifths (60%) and pre-tax losses leaping to almost £119m. With net debt nearing £1bn, Stoll’s cash injection (plus an emergency rights issue of new shares) boosted AML’s balance sheet by £536m in cash. And yet the Aston Martin share price kept stalling. By 14 May, the price had imploded again, reaching a record low of 27.5p before recovering to close at 30.7p.Then the share price made a comeback, rising high to exceed 80p in early June. Next, it dropped back again, falling to 46p and then zigzagging along before hitting 73p in early August. By 24 September, it had dipped down all the way back down to 46p again. But it made yet another comeback, closing at 80.05p on Wednesday. This may have been a ‘dead cat’ bounce, because the price promptly dived 9.2p (11.5%) by Friday’s close.I’d steer well clear of this stockWhen I look at Aston Martin today, I see beautiful vehicles made by a struggling, perennially loss-making business. Even before Covid-19, Aston Martin struggled to be profitable from one year to the next. The group first went bankrupt in 1925 — just 12 years after its creation — and has been bankrupt seven times in total. And, in a warning for shareholders, Aston Martin’s latest $1.1bn junk bond carried a ‘danger zone’ yearly coupon of 10.5%. Finally, AML faces a painful transition to a low-carbon world with fewer fossil-fuelled cars. That’s why I would steer well clear of Aston Martin shares today. For me, any investment in AML stock would be driven by hope, rather than reality! The Aston Martin share price dropped 12% in two days. Would I buy AML today? Cliffdarcy has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Cliff D’Arcylast_img read more

Euro increase will boost funds

first_img Tagged with: Finance Funding Ireland The Irish Department of Foreign Affairs reconciliation and anti-sectarian funds will get more ‘bang for their buck’ in relation to Northern Ireland due to the strength of the euro against sterling, according to DFA officials.With the euro increasing in value against sterling between 15-20% in the last eighteen months the €2.5 million funds will go further and help to offset the standstill budget for this year. The new faces administering the fund are Michael Smith and David Costello.The Reconciliation Fund is operated by the DFA to assist individuals and organisations involved in reconciliation work.The Reconciliation Fund was established under the Department’s North-South and Anglo-Irish budget in 1982. The Fund’s objectives are to assist individuals and organisations involved in reconciliation work and to encourage and facilitate better relations within and between the traditions in the North, between North and South, and between Ireland and Britain.The budget of the Reconciliation Fund was increased eight-fold in 1999 to £2m. Since then, the Reconciliation Fund has awarded grants exceeding €23 million to some 650 organisations involved in cross community and cross border reconciliation and outreach projects. Earlier this year the DFA also announced the establishment of an anti-sectarian fund which has a particular focus on conflict at interface areas.www.embassyofireland.co.uk Euro increase will boost funds About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 4 December 2008 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  22 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Despite the Cool Corn Progress is Good

first_img Previous articleLack of a Farm Bill May Result in Trade TariffsNext articleEthanol Says “Tanks-a-Lot” Andy Eubank SHARE SHARE By Andy Eubank – Aug 8, 2013 Despite the Cool Corn Progress is Good Home Indiana Agriculture News Despite the Cool Corn Progress is Good Facebook Twitter Crops still good in Tipton CountyCorn pollination is progressing well according to one central Indiana farmer, even though the month of July and now early August have been relatively cool. John Hussey in Tipton County says soybeans and the corn crop are in good shape right now.“It’s not necessarily a total reverse of last year but it is much, much cooler than last year. We’re not getting the heat units and of course that slows maturity down, but everything is looking very good.”That’s not to say that there aren’t some questionable spots.“If you could get up high, in an airplane or something like that, there are a lot of holes in a lot of fields of corn especially where the water was just too much for them and there’s considerable damage in areas. The crop that is there looks very good and as of right now we’re looking for a good crop as of today. Many things can change in the next 30 to 45 days.”Hussey says they just completed spraying fungicide and insecticide on 100 percent of the soybean fields, but that’s not the norm.“We’ve had some noticeable fungus in the soybeans. We already had them sprayed this week when it was noticed, but we hadn’t sprayed soybeans for 2 or 3 years. This year we sprayed the beans because it was so wet early and I know it’s awful dry now, but if it gets wet again we have protection out there I think for 3 weeks.”When he spoke to HAT Thursday afternoon it was drizzling and he was hoping to get a full on rain but overall totals have been sufficient this year. Hussey details recent rains in the complete HAT field update:Hussey 8-8 Update Facebook Twitterlast_img read more

SEC Seeks Commentary on Disclosure Rules and RMBS

first_img Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago October 31, 2019 931 Views  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Previous: GSE Quarterly Results: An Important Step Toward Privatization Next: Debt and the Widening Black Homeownership Gap Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News, Secondary Market The Best Markets For Residential Property Investors 2 days agocenter_img Subscribe Tagged with: mortgage RMBS Securities Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Home / Daily Dose / SEC Seeks Commentary on Disclosure Rules and RMBS The Best Markets For Residential Property Investors 2 days ago The U.S. Securities and Exchange Commission (SEC) is seeking feedback on disclosure rules regarding SEC-registered residential mortgage-backed securities (RMBS). Reuters reports that the (SEC) wants to know if disclosure rules are discouraging RMBS issuance.SEC Chairman Jay Clayton said that he had asked agency officials to review SEC disclosure requirements for RMBS introduced in 2014 in a bid to revitalize offerings for these products and help boost capital formation in the housing market.According to Reuters, with the future privatization of Frannie Mae and Freddie Mac, the RMBS market will likely shrink and decrease funding available for home loans without changes.“Potential issuers of SEC-registered RMBS have expressed concerns regarding the scope and interpretation of disclosure requirements,” Clayton said in a statement. “In light of the absence of SEC-registered RMBS offerings, I have asked SEC staff to review our RMBS asset-level disclosure requirements with an eye toward facilitating SEC-registered offerings.”The review was recommended by the U.S. Treasury Department in its blueprint for removing the GSEs from conservatorship. The SEC said it was seeking comment on, among other issues, whether the SEC should implement a “provide-or-explain regime,” which would allow an issuer to omit any asset-level data point, as long as the issuer identifies the omitted field and explains why it cannot provide the information.According to the American Enterprise Institute, the non-QM market is the fastest-growing segment of non-agency residential mortgage-backed securities in the U.S., despite still being a relatively small slice of the pie. The non-QM market is on track to double, or even triple, last year’s securitization issuance within this year.S&P found that there have been 20 odd transactions year-to-date, totaling over $6 billion in issuance, which is already almost double 2017’s full-year volume. S&P also notes that, when compared to other RMBS categories, non-QMs have prepaid quicker, often soon after loan origination. The report found a conditional prepayment rate (CPR) 35%. About Author: Seth Welborn SEC Seeks Commentary on Disclosure Rules and RMBS mortgage RMBS Securities 2019-10-31 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Teen sentenced to life for fatally running over Baltimore County officer

first_imgBaltimore County Police Department(BALTIMORE) — A Baltimore teenager was sentenced to life in prison for running over a police officer with a stolen Jeep and fleeing the scene.Dawnta Harris, 17, was convicted of felony murder in the death of Baltimore County Police Department Officer Amy Caprio, who was fatally struck in May 2018 after responding to a call about a suspicious vehicle.The 29-year-old officer parked her patrol car and ordered Harris to get out of the vehicle when Harris pressed on the gas and came speeding straight at her. She drew her weapon, yelled for him to stop and fired a single shot before she was hit, according to body camera footage.Police said Harris initially complied with the officer’s commands to exit the Jeep, but he got back in and quickly accelerated, driving toward and striking Caprio. She suffered broken ribs and injuries to internal organs, authorities said.Harris did not speak in court on Wednesday, but his attorney said he reacted out of fear due to the gun being aimed at him and said he never intended to kill the officer, according to ABC’s Baltimore affiliate WMAR.“I am truly sad, heartbroken and sorry for what happened,” Harris wrote in a letter read aloud by his attorney. “We are still young. No one is perfect.”Caprio and her husband, Tim Caprio, celebrated their third wedding anniversary just days before her death. They were planning to celebrate their birthdays a few days later.“I go home to an empty house knowing no one will every come home,” Tim Caprio told the court on Wednesday. “There is a massive hole and feeling of emptiness in my heart that will never go away.”After the sentencing, he told reporters that he felt justice had been served.Caprio’s father agreed.“I believe justice was appropriately served. However, it doesn’t fill that feeling that I miss and that hole in my heart,” he said. “There’s no winners at this point. What we see is a validation that there are consequences for actions,” the slain officer’s father, Garry Sorrells, added.Harris was charged as an adult and convicted of first-degree murder with the possibility of parole.Three other teens — Eugene Robert Genius, Derrick Eugene Matthews, and Darrell Jaymar Ward — pleaded guilty to felony murder in the case and are slated for sentencing next month. Police said Harris had been watching for police on the street while the others were inside burglarizing a home.Harris’ defense team, which said it plans to appeal the ruling, had asked for a sentence of 30 years, which would be in line with what the other teens are facing.Copyright © 2019, ABC Radio. All rights reserved.last_img read more

Coronavirus updates: Savannah requires face masks as cases ‘explode’

first_imgMyriam Borzee/iStockBy MORGAN WINSOR and EMILY SHAPIRO, ABC News(NEW YORK) — A pandemic of the novel coronavirus has now killed more than 506,000 people worldwide.Over 10.3 million people across the globe have been diagnosed with COVID-19, the disease caused by the new respiratory virus, according to data compiled by the Center for Systems Science and Engineering at Johns Hopkins University. The actual numbers are believed to be much higher due to testing shortages, many unreported cases and suspicions that some governments are hiding the scope of their nations’ outbreaks.Since the first cases were detected in China in December, the United States has become the worst-affected country, with more than 2.6 million diagnosed cases and at least 126,307 deaths.Here’s how the news is developing Tuesday. All times Eastern:4:00 p.m.: California governor to announce new restrictionsThe percent of people testing positive for the coronavirus in California has climbed to 5.9%, Gov. Gavin Newsom said Tuesday, calling it a “point of concern.”Newsom said he will make announcements on Wednesday on his efforts to “tighten things up” with new restrictions in the Golden State.He said his announcement will include concerns around Fourth of July gatherings.On Sunday, as cases climbed, Newsom ordered bars in several counties to close, including in Los Angeles County.2:30 p.m.: Anyone arriving in Massachusetts from outside Northeast must self-quarantine, governor saysThe goal of the strategic partnership is to further expand Kardashian West’s business globally with a focus on entering new beauty categories and expansion beyond KKW Beauty’s existing product lines.Anyone arriving in Massachusetts — including residents — from outside the Northeast must self-quarantine for two weeks, effective Wednesday, Gov. Charlie Baker said Tuesday.“We want to ensure out-of-state travelers take appropriate precautions,” Baker tweeted.Those traveling from Rhode Island, Connecticut, Vermont, New Hampshire, Maine, New York and New Jersey do not have to quarantine.Meanwhile, New Jersey, New York and Connecticut are asking travelers from 16 states with high coronavirus numbers to self-quarantine when they arrive back in the tri-state.As of Monday, the states on the list are: Alabama, Arkansas, Arizona, California, Florida, Georgia, Iowa, Idaho, Louisiana, Mississippi, North Carolina, Nevada, South Carolina, Tennessee, Texas and Utah.The three states are asking people to self-quarantine for two weeks, with the exception of seeking medical care and to get food and other essential items.2:12 p.m.: One-third of those testing positive in Philadelphia are under the age of 30On Friday, Philadelphia’s outdoor sports, schools, libraries and indoor malls will reopen.However, indoor dining, gyms and indoor gatherings of more than 25 people will remain banned, Mayor Jim Kenney said Tuesday, noting the reason was because the “targets we laid out” to reach that phase “will not be met by Friday.”Over 26,000 people in Philadelphia have been diagnosed with the coronavirus and at least 1,584 have died.In the last few weeks, those testing positive have been younger, and they’ve been linked to social events and trips to the Jersey Shore, the city’s health commissioner, Dr. Thomas Farely, said Tuesday, according to ABC Philadelphia station WPVI.In the last two weeks, 34% of those testing positive are under the age of 30, WPVI reported.Farley said those returning to Philadelphia after traveling to these high-case states should self-quarantine: Alabama, Arkansas, Arizona, California, Florida, Georgia, Iowa, Louisiana, Mississippi, Nevada, North Carolina, South Carolina, Tennessee, Texas, and Utah.12:35 p.m.: Fauci says he wouldn’t be surprised if US sees 100K cases per dayIn a Senate hearing Tuesday, Dr. Anthony Fauci, the director of the National Institute for Allergy and Infectious Diseases, said, “I would not be surprised if we go up to 100,000 [cases] a day if this does not turn around.”The nation is already seeing 40,000 new cases per day, Fauci said.“We can’t just focus on the areas that are having the surge — it puts the entire country at risk,” Fauci said. “I’m very concerned because it could get very bad.”Fauci’s ominous comments came as he responded to questions from Sen. Elizabeth Warren, D-Mass., who said, “We can’t keep pretending this virus is getting better.”Fauci and other top health officials were expected at the Senate hearing to warn of a “tremendous burden” that the U.S. health care system faces this fall if seasonal flu and COVID-19 are circulating together.“While it remains unclear how long the pandemic will last, COVID-19 activity will likely continue for some time,” the prepared statement said. “It is also unclear what impact the ongoing COVID-19 pandemic will have on health care and public health systems during the upcoming influenza season. If there is COVID-19 and flu activity at the same time, this could place a tremendous burden on the health care system related to bed occupancy, laboratory testing needs, personal protective equipment and health care worker safety.”Still, the officials are expected to stick to their suggestion that the decision to open schools be left to each community.12:10 p.m.: Savannah to require face masks as cases ‘explode’As coronavirus cases “explode” in the Savannah, Georgia, area Mayor Van Johnson said Tuesday he’s issuing an executive order to require face masks in public.“Savannah is experiencing thousands of visitors on our streets, in our establishments and most of them are not wearing face coverings,” Johnson said in a letter Tuesday to Gov. Brian Kemp.In Chatham County, which includes the city of Savannah, “infection numbers have exploded over the last 3 weeks and there is no indication that this disturbing trend is reversing,” Johnson wrote.11:22 a.m.: More than 10K cases confirmed in Alabama in the last 2 weeksIn Alabama, more than 10,000 new cases of the coronavirus have been confirmed just in the last two weeks, state health officer Dr. Scott Harris said Tuesday.More than 900 people have died in the state, Harris said.About 275 intensive care unit beds remain available, he said.Alabama’s safer-at-home order was set to expire on July 3, but Gov. Kay Ivey said Tuesday she is extending the order to July 31.The state is not “overwhelmed yet,” but “we are still in the thick of this virus,” Ivey warned.She pleaded with residents to wear masks and said social distancing must apply to 4th of July celebrations.11 a.m.: Florida tops 150,000 casesFlorida has now topped 150,000 cases of the coronavirus, with over 152,000 people diagnosed as of Tuesday, according to the state’s Department of Health.Miami-Dade County has recorded its highest total in the last two weeks with 1,591 and now has a positivity rate of 17.7%10:35 a.m.: NJ, NY, CT ask travelers from 16 states to self-quarantineNew Jersey, New York and Connecticut are asking travelers from 16 states with high coronavirus numbers to self-quarantine when they arrive back in the tri-state.As of Monday, the states on the list are: Alabama, Arkansas, Arizona, California, Florida, Georgia, Iowa, Idaho, Louisiana, Mississippi, North Carolina, Nevada, South Carolina, Tennessee, Texas and Utah.“That is a very significant problem,” New York Gov. Andrew Cuomo told NY1 on Tuesday.The three states are asking people to self-quarantine for two weeks, with the exception of seeking medical care and to get food and other essential items.10 a.m.: Fauci, others to warn of ‘tremendous burden’ on health care system this fallIn a Senate hearing Tuesday, Dr. Anthony Fauci, the director of the National Institute for Allergy and Infectious Diseases, and other top health officials are expected to warn of a “tremendous burden” that the U.S. health care system faces this fall if seasonal flu and COVID-19 are circulating together.“While it remains unclear how long the pandemic will last, COVID-19 activity will likely continue for some time,” the prepared statement said. “It is also unclear what impact the ongoing COVID-19 pandemic will have on health care and public health systems during the upcoming influenza season. If there is COVID-19 and flu activity at the same time, this could place a tremendous burden on the health care system related to bed occupancy, laboratory testing needs, personal protective equipment and health care worker safety.”Still, the officials are expected to stick to their suggestion that the decision to open schools be left to each community.9:30 a.m.: No social distancing, optional masks at Mount Rushmore event with TrumpSouth Dakota won’t be enforcing social distancing at the Mount Rushmore July 4th celebration with President Donald Trump, Republican Gov. Kristi Noem told Fox News Monday night. “We told those folks that have concerns that they stay can home. But those who want to come join us, we will be giving out free face masks if they choose to wear one,” Noem said in a Fox News interview with Laura Ingraham. “We won’t be social distancing, we’re asking them to come, be ready to celebrate the freedoms and the liberties we have in this country.”Noem added that she’s told residents to focus on “personal responsibility” and that everyone should make a decision “that they’re comfortable with.” The event will take place on July 3.8:57 a.m.: Brooklyn Nets star DeAndre Jordan tests positive for COVID-19Brooklyn Nets center DeAndre Jordan announced Monday that he has tested positive for the novel coronavirus. Because of the diagnosis, Jordan said he won’t be joining his team for the restart of the NBA season in Orlando, Florida next month.8:06 a.m.: Over 100 cases linked to a single bar in MichiganAt least 107 new cases of COVID-19 have been linked to a bar in East Lansing, Michigan, officials said. The Ingham County Health Department is asking anyone who went to Harper’s Restaurant & Brew Pub between June 12 and June 20 to quarantine themselves for 14 days since their visit and watch for symptoms. The infected individuals are between the ages of 16 and 28, and none have been hospitalized so far. Most of the cases have had mild symptoms, with 28 people having no symptoms at all. At least 40% are Michigan State University students or recent graduates, officials said. Just 12 of the cases are from secondary transmission, meaning people who were in contact with a primary case but did not go to the bar themselves, officials said. In a statement posted to Facebook last week, Harper’s Restaurant & Brew Pub announced that it has decided to close temporarily to implement a program to eliminate lines and to install air purifying technology. The bar said it had reopened at 50% capacity on June 8, according to the governor’s executive order. “We have experienced long lines on the public sidewalk in front of our building,” the business wrote in the June 22 post. “We have attempted to instruct customers waiting in line to wear face coverings and practice social distancing through signage on the public sidewalk and with a banner on our railing. Our oversight of the line on our stairs has been successful, but trying to get customers to follow our recommendations on the public sidewalk has been challenging.” The growing cluster of cases has prompted Ingham County officials to issue an emergency order reducing restaurant capacity to 50% or no more than 75 people, whichever is less. Restaurant capacity was already restricted to 50% of normal seating, but there was no limitation on the number of patrons. “Large crowds are difficult to control,” Ingham County health officer Linda Vail said in a statement Monday night. “By allowing no more than 75 people, restaurants and bars will be better able to enforce social distancing and the use of masks and face coverings. I strongly encourage all bars and restaurants to strictly enforce safety measures and to do all they can to help stop the spread of coronavirus in our community.” 7:25 a.m.: ‘The minute we opened, it was like COVID didn’t exist,’ Miami mayor saysSince Miami began reopening in late May, Mayor Francis Suarez said he’s seen people acting as though the coronavirus pandemic never happened. “The minute that we opened, it was like COVID didn’t exist and people just forgot and, in some cases, are still forgetting,” Suarez told ABC News chief anchor George Stephanopoulos in an interview Tuesday on Good Morning America.“You know, the city of Miami was actually the last city in the entire state of Florida to open,” he added. “I got criticized at the time for taking too long, some said.”Miami is now the hardest hit city in Florida’s novel coronavirus outbreak as cases spike across the Sunshine State. The mayor said his office is doing everything they can to control the spread of the virus. “People are congregating, they’re having a good time, they’re partying and they’re spreading the disease incredibly efficiently, and it’s starting to stress our hospital system,” Suarez said. Miami and a handful of other cities in Miami-Dade County have now made it mandatory for people to wear face masks in public at all times, which Suarez called “a no-brainer.” Miami has also implemented fines for those who don’t follow the rule. Meanwhile, businesses that are found not following coronavirus protocols will be shut down for 10 days on the first occurrence, 15 days on the second occurrence and 30 days on the third occurrence. “They’re upset that we’re implementing some of these rules, but we’re trying to do that in a surgical way so that we don’t have to undo some of the openings that we’ve done,” Suarez said. “We’re doing it also so that we don’t have to reimplement a stay-at-home order, which was extremely effective in March and early April but it also crippled our economy.”6:28 a.m.: Arizona hospitals are on the brinkHospitals in Arizona are reaching capacity amid a surge in coronavirus cases, according an internal memo from the Federal Emergency Management Agency.The memo, obtained by ABC News, states that both Flagstaff Medical Center and Little Colorado Medical Center have had zero “medical-surge availability” since June 24. Patients are being directed to hospitals in Yavapai and Maricopa counties, according to the memo.Coronavirus-related hospitalizations across Arizona have nearly doubled in the past two weeks, while intensive care units are at 88% capacity.The number of COVID-19 cases in Arizona has jumped from 13,000 on May 15 to 74,500 on Monday, while the statewide death toll has nearly doubled in the last six weeks. More than 1,500 people in the Grand Canyon State have died from COVID-19.5:24 a.m.: Australia to reimpose lockdown on Melbourne suburbsAustralian officials will reimpose lockdown restrictions on a number of suburbs around Melbourne, as the country’s second-largest city grapples with a spike in coronavirus infections.Beginning at 11:59 p.m. local time on July 1, a stay-at-home order will take effect in 10 postal codes in the Melbourne area that have been identified as community transmission hotspots for the novel coronavirus. The lockdown will remain in place at least until July 29, according to a statement Tuesday from Daniel Andrews, premier of the southeastern Australian state of Victoria.“I know this will be terribly disruptive and difficult but if everyone sticks to the rules and we see transmission come down, then in four weeks the restrictions can lift,” Andrews said.Residents of the affected postal codes will only be allowed to leave their homes to shop for food and supplies, to seek and provide care, to exercise, and to study or go to work — if they can’t do so from home. Businesses and facilities in those areas that have recently reopened, including beauty salons, gyms, libraries and swimming pools, will once again be restricted. Cafes and restaurants will again only be open for take-away and delivery service, Andrews said.“Very clearly, this is not where we wanted to be,” he added. “I understand people are tired. We’re all frustrated. We all just want things to go back to how they once were. And the sooner we all do the right thing, the sooner we can beat this.”Just under 8,000 people in Australia have been diagnosed with COVID-19 and at least 104 of them have died, according to a count kept by Johns Hopkins University.4:42 a.m.: WHO to send team to China to investigate COVID-19 originThe World Health Organization is sending a team to China to investigate the origins of the novel coronavirus.“We can fight the virus better when we know everything about the virus, including how it started,” WHO director-general Tedros Adhanom Ghebreyesus said during Monday’s press briefing in Geneva.The very first cases of COVID-19 were identified in the Chinese city of Wuhan last December, months before the rapidly spreading outbreak was declared a pandemic.Tedros said the investigative team will travel there next week.“We hope that will lead into understanding how the virus started and what we can do for the future to prepare,” he added.3:32 a.m.: US reports more than 41,500 new casesMore than 41,500 new cases of COVID-19 were identified in the United States on Monday, according to a count kept by Johns Hopkins University.The latest daily caseload is up from the previous day, but still lower than the country’s record high of more than 45,000 new cases identified last Friday.The national total currently stands at 2,590,582 diagnosed cases with at least 126,141 deaths.The cases include people from all 50 U.S. states, Washington, D.C., and other U.S. territories as well as repatriated citizens.By May 20, all states had begun lifting stay-at-home orders and other restrictions put in place to curb the spread of the novel coronavirus. The day-to-day increase in cases then hovered around 20,000 for a couple of weeks before shooting back up to over 30,000 and then crossing 40,000 last week.Nearly half of all 50 states have seen a rise in infections in recent weeks, with some — such as Florida, South Carolina and Georgia — reporting daily records. Copyright © 2020, ABC Audio. All rights reserved.last_img read more