Broadway Unions Urge New York State Renewal Of COBRA Subsidies
Gavin Williamson to hold 5pm press conference as schools given cash boost
The Education Secretary Gavin Williamson will host a coronavirus press conference from Downing Street this evening.
It’s after £300million in emergency funding was announced to help pupils catch up after missing so much school due to the pandemic.
This is a breaking news story – more to follow
Closure of I-225 coming to Denver on Wednesday night
Southbound Interstate 225 at the Tamarac St./DTC Blvd. exit will be closed during Wednesday’s overnight hours.
The Colorado Department of Transportation says the closure is necessary so crews can remove a temporary barrier and restripe the newly widened and extended two-lane on-ramp to northbound Interstate 25 from southbound I-225.
I-225’s overnight closure at (Exit 2A) will begin on Wednesday at 9 p.m. and last until Thursday at 5 a.m.
CDOT notes the schedule is weather-dependent, and Denver is expected to get a snowstorm Wednesday night.
5 Activists on What Black History Month Means to Them This Year
Sure, this Black History Month looked different than years past (hi, we’re still facing the brunt of a pandemic—heard about it?) But this month has felt different, too—in a good way. It’s my first as an activist and, for me, there’s a euphoric atmosphere in the Black community right now.
In the last year, I became an active part in the Black Lives Matter movement, dedicating my time to exploiting oppressive systems through my organization, Warriors in the Garden. I’ve led thousands of people through the streets of New York City chanting for justice—and witnessing extreme police brutality inflicted upon non-violent protesters by the NYPD—and have created safe spaces for Black women to feel unconditionally loved and supported.
Eaton Vance Q1 Profit Down
Eaton Vance Corp. (EV) reported that its first-quarter net income attributable to shareholders declined to $89.91 million or $0.74 per share from $103.99 million or $0.91 per share in the prior year.
Quarterly adjusted earnings were $0.94 per share, an increase of 11 percent from $0.85 in the prior year.
Operating income decreased to $79.5 million in the first quarter of fiscal 2021 from $134.7 million in the first quarter of fiscal 2020, primarily reflecting $81.0 million of compensation expense and other costs recognized in the first quarter of fiscal 2021 in connection with the proposed acquisition of Eaton Vance by Morgan Stanley.
Quarterly revenue increased 8 percent to $488.9 million from $452.6 million last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.87 per share and revenues of $457.56 million for the quarter. Analysts’ estimates typically exclude special items.
Stock Alert: Sypris Solutions More Than Doubles
Shares of Sypris Solutions Inc. (SYPR) are currently surging 115% after the company announced that it received a defense contract. Financial details of the deal were not revealed.
SYPR are currently trading at $5.73, $3.07 or 115.41%, on the Nasdaq.
Sypris Electronics, a subsidiary of Sypris Solutions, recently received a follow-on award from a U.S. DoD prime contractor to manufacture and test electronic power supply modules for a mission-critical, long range, precision-guided anti-ship missile system. Production will begin in 2021.
Sypris Solutions provides truck components, oil and gas pipeline components, and aerospace and defense electronics primarily in North America and Mexico.
Pinnacle West Capital Slips To Loss In Q4
Pinnacle West Capital Corp. (PNW) reported a fourth-quarter net loss attributable to common shareholders of $19.4 million or $0.17 per share compared to net income of $64.0 million or $0.57 per share in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.04 per share for the fourth-quarter. Analysts’ estimates typically exclude special items.
Operating revenues for the quarter grew to $740.96 million from $670.39 million last year. Analysts expected revenues of $715.74 million for the quarter.
Broadway Unions Urge New York State Renewal Of COBRA Subsidies
The Coalition of Broadway Unions & Guilds is calling for health care relief in the upcoming New York State budget, specifically urging for the updating and renewal of the state’s COBRA subsidy program.
“Securing health care relief is a top priority for the Broadway Unions and Guilds,” said COBUG Co-Chairs Joe Hartnett, Co-Director, Stagecraft Department, IATSE and Laura Penn, Executive Director, SDC. “Theatre workers are suffering. Almost all lost their jobs last spring, which means they’ve also lost health care for themselves and their families. Health care relief must be included in the upcoming New York State budget.”
COBUG is made up of 18 unions representing workers both on and off stage in and outside New York State. “We must proactively support arts and entertainment workers with COBRA subsidies in order to make certain that these workers are here, and healthy, when our industry is ready to re-open,” Hartnett and Penn continued.
New York’s current COBRA program is set to expire in July. COBRA allows workers who have lost their jobs to continue their employer health care. Without a COBRA subsidy, the cost of continuing health care is prohibitive to workers.
The Coalition is demanding a COBRA subsidy for workers in the amount of $3.75 million, a level on par with the original funding of the program, which was first enacted in 2004.
