NYC Virus Lockdown Likely to Continue Into June, Mayor Says

New York City’s lockdown is likely to continue into June, Mayor Bill de Blasio said Monday at a press briefing.

The state has been under lockdown since March in an attempt to stop the spread of the novel coronavirus. New York Governor Andrew Cuomo has said that some regions of the state will be able to reopen beginning May 15, but that likely wouldn’t include hard-hit New York City.

Citywide hospital admissions have declined, along with intensive-care admissions. That shows progress slowing the spread, but state and city measures of virus incidence show it’s “clearly not ready yet,” de Blasio said. “The likelihood right now, is that we’re going into June.”

The lockdown means the city’s pools and beaches will not be available on Memorial Day, which is when they traditionally open.

“June is when we’re potentially going to make changes if we make real progress,” the mayor said. “We have to keep bringing it back to the science and the data.”

Stock Alert: Ormat Technologies Climbs 14%

Shares of alternative and renewable energy provider Ormat Technologies, Inc. (ORA) are trading 14% higher on Monday after it reported the first-quarter results. While revenue surpassed the Street view, earnings met the estimates.

Ormat’s net income for the first quarter was $26.0 million, or $0.51 per diluted share, compared to $25.9 million, or $0.51 a year ago. On average 5 analysts polled by Thomson Reuters were expecting $0.51 per share.

Total revenues for the quarter were $192.1 million, down 3.5% from the same quarter last year. The consensus estimate was at $187 million.

The company’s operating income increased 13% during the quarter as a result of the solid performance of the electricity segment.

Looking forward, the company sees revenues for the full-year to be between $710 million and $740 million. The Street view is at $729.56 million.

ORA is currently trading at $71.74. It has traded in the range of $55.22- $87.07 in the last one year.

AMC shares soar 50 percent on report of buyout talks with Amazon

Shares of AMC Entertainment soared more than 50 percent on Monday after a report claimed that Amazon had expressed interest in acquiring the beleaguered movie chain.

Amazon, headed by billionaire Jeff Bezos, held prospective buyout talks with top brass at AMC, the nation’s largest movie theater chain, according to an unconfirmed report by The Daily Mail. It is not clear whether discussions are still active or if they will lead to a deal.

Neither AMC nor Amazon returned requests seeking comment.

After surging as much as 56 percent in early Monday trades, the shares were recent up 30 percent at $5.33 as skepticism mounted, with Deadline Hollywood reporting that Amazon and AMC were not in talks, citing unnamed sources.

Stock Alert: Ormat Technologies Climbs 14%

Shares of alternative and renewable energy provider Ormat Technologies, Inc. (ORA) are trading 14% higher on Monday after it reported the first-quarter results. While revenue surpassed the Street view, earnings met the estimates.

Ormat’s net income for the first quarter was $26.0 million, or $0.51 per diluted share, compared to $25.9 million, or $0.51 a year ago. On average 5 analysts polled by Thomson Reuters were expecting $0.51 per share.

Total revenues for the quarter were $192.1 million, down 3.5% from the same quarter last year. The consensus estimate was at $187 million.

The company’s operating income increased 13% during the quarter as a result of the solid performance of the electricity segment.

Looking forward, the company sees revenues for the full-year to be between $710 million and $740 million. The Street view is at $729.56 million.

ORA is currently trading at $71.74. It has traded in the range of $55.22- $87.07 in the last one year.

Talk to the Experts – Saturday May 16

Saturday, May 16:

Skinpossible

Join Betty Jo Kaiser Saturday at 11 a.m. as she hosts Roberta Segar, certified laser specialist and owner of Skinpossible Laser and Light. Learn about treatments that can get rid of fat, halt or reverse the effects of aging on skin and much more! For men and women, Skinpossible has offers more non-surgical cosmetic solutions than any other clinic in Calgary. Taking care of your appearance isn’t vain, it’s smart!

Man charged in St. Catharines shooting: Niagara police

Niagara Regional Police have arrested a man after a reported shooting in St. Catharines.

Officers were called to the area of Hamilton Street and Pelham Road just after 8 p.m. Sunday for a report of a gunshot.

Officers found a man who was not injured and arrested another man nearby.

Frost advisory in effect for Barrie, Collingwood, Hillsdale

Environment Canada has issued a frost advisory for Barrie, Collingwood and Hillsdale, Ont., with near or below zero temperatures expected to result in frost Monday.

Near freezing temperatures are expected during the night for much of the week as a cold air mass settles into the area, according to the federal weather agency.

Coronavirus: 210 new COVID-19 deaths takes UK total past 32,000

The number of people who have died after testing positive for coronavirus in the UK has increased by 210, according to the Department of Health.

The latest figures show that a total of 32,065 people have died in hospitals, care homes and the wider community after testing positive for COVID-19 in the UK as of 5pm on Sunday.

As of 9am on Monday, a total of 223,060 people have tested positive for the virus in the UK – an increase of 3,877 from the day before.