Coal giant Murray Energy files for Chapter 11 bankruptcy
Coal giant Murray Energy files for Chapter 11 bankruptcy FacebookTwitterLinkedInEmailPrint分享S&P Global ($):Murray Energy Holdings Co. and certain subsidiaries filed for Chapter 11 bankruptcy protection following months of financial distress.The move, which will occur under the guidance of new President and CEO Robert Moore, replacing Robert E. Murray, will allow the company to access $350 million in new debtor-in-possession financing.The bankruptcy filing is necessary to implement a restructuring support agreement with an ad hoc lender group holding more than 60% of the approximately $1.7 billion in claims under the company’s superpriority credit and guaranty agreement.Murray Energy is the nation’s largest privately owned coal miner and produced the third-most coal among all U.S. producers in 2018, ousting Cloud Peak Energy Inc. from the top three with nearly 60.5 million tons last year.The Ohio-based coal producer announced earlier this month that it had entered into forbearance agreement after it failed to make amortization and interest payments that were due Sept. 30. The coal producer amended its forbearance agreements and extended the period through Oct. 28.S&P Global Ratings and Moody’s Investors Service downgraded their credit ratings on the company as a result, and Ratings further reduced its ratings down to “default” after the miner missed payments on loans during a grace period that ended Oct. 7.The missed debt payments suggested the company might seek bankruptcy protection, despite founder and Murray’s vow to be the “last man standing” in the coal industry. Murray has also been critical of other coal producers that turned to the bankruptcy court and shed debt as well as financial obligations.Moody’s adjusted its outlook on the coal sector from stable to negative in August, due largely to recently declining seaborne prices coupled with reduced domestic demand for the fuel.“As we think about prospects for companies over the next several years, we’re going to pay more and more attention to specific commercial strategies around exporting: who’s developing which markets, which relationships, how and so forth,” said Benjamin Nelson, senior credit officer and lead coal analyst at Moody’s, in a September interview. “I’d also say that producers at the lower end of our ratings spectrum that have meaningful exposure to the export market, like Foresight or Murray, that’s where you’ll see the most meaningful stress.”More: Murray Energy files for Chapter 11 bankruptcy protection
Forget Apple Pay on your Apple Watch, First West Credit Union has the Dashband
Apple has certainly garnered the lion’s share of headlines the last six months or so with its Apple Pay service and now Apple Watch being delivered earlier this month. Now, along with Samsung, users can swipe their watch at participating card/NFC readers and pay for their double whip grande latte, slightly warmed slice of zucchini bread, and Josh Grobin Greatest Hits CD. Pretty sweet.But wait, there’s another player stepping into the big boy wearable payments arena. Is it Fitbit? Amazon?, Rolex? Nope. It’s First West Credit Union and its Dashband. That’s right, First West has its own wrist wallet that is providing its members, ensuring the credit union’s cards are truly top-of-wallet for the latest in “swipe-and-go” payments at your friendly retailer. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Setauket Man Killed While Cutting Tree
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 45-year-old tree trimmer from Setauket was killed while cutting a tree in Head of the Harbor on Monday morning.Suffolk County police said Erik Halvorsen, owner of Norse Tree Service in Setauket, was 50 feet up in a tree that he was trying to cut down in Avalon Park & Preserve on Harbor Road when the trunk splintered and trapped Halvorsen against the tree at 11:15 a.m.Halvorsen, who was wearing a safety harness, tried to free himself when he fell 20 feet, police said. An employee then lowered Halvorsen to the ground.The victim was taken to Stony Brook University Hospital, where he was pronounced dead.Homicide Squad detectives are continuing the investigation.
Trent Brown: Las Vegas Raiders right tackle released from hospital after IV scare | NFL News
Trent Brown signed a four-year, £51m contract with the Raiders in March 2019 Raiders coach Jon Gruden said on Monday: “(Brown is) up and seems to be doing well. We’re waiting the results of some of the extensive tests he did today and yesterday. I don’t have anything to report other than he had an issue. 
Gov. Wolf Releases Statement in Response to Spread of Misinformation, Attacks on LGBTQ Community
Non-discrimination, Press Release Governor Tom Wolf released the following statement in response to the latest spread of hate and misinformation by Representative Russ Diamond:“Abhorrent, disrespectful, dangerous. There are no words that adequately describe my disdain for the antics Rep. Diamond displayed in his latest missive.“Rep. Diamond’s press release is nothing more than a thinly veiled attack on the LGBTQ community and the commonwealth’s Secretary of Health, Dr. Rachel Levine, a transgender woman, and a nationally respected leader in public health, whose bravery and resolve in the face of constant attacks is laudable.“Virtually no thinking person disputes mask-wearing as an effective means to stop the spread of COVID. Proud non-mask-wearers such as Rep. Diamond are not displaying their freedom, but rather their ignorance and lack of respect for themselves, their families, neighbors and communities when they don’t wear a mask, and are likely leading to more spread of this dangerous virus.“To equate any disrespect for those not wearing masks to the decades of disrespect, threats and violence against our LGBTQ community goes far beyond the hallmarks of a decent society. For these actions to come from a legislator elected to fairly represent all his constituents is simply unforgivable.“I am calling on Republican House leadership to introduce a resolution to censure the representative immediately. We need the Republicans to stop spreading misinformation to the general public, and we badly need them to be more responsible and more responsive to the health and wellbeing of all Pennsylvanians. This dangerous, reckless behavior is not welcome in Pennsylvania.”Ver esta página en español. SHARE Email Facebook Twitter July 30, 2020
Gov. Wolf Releases Statement in Response to Spread of Misinformation, Attacks on LGBTQ Community
Indian capital banishes some cars amid pollution
The city also ordered schools andconstruction work shut on Monday. Vehicular exhaust along with emissionsfrom industry contributed to more than 50 percent of Delhi’s air pollution onmost days through the year, according to official estimates. The city government has declared apublic health emergency, and imposed an “odd-even” system on private vehicles,at least until Nov. 15. NEW DELHI – Authorities in the Indiancapital banished from the roads cars with number plates ending in an odd numberin a bid to cut hazardous air pollution shrouding the city.
People walk on a smoggy morning in New Delhi, India on Nov. 3. REUTERS/ADNAN ABIDI According to independent online airquality index monitor AirVisual, New Delhi was the most polluted major city inthe world on Monday, at twice the level of Lahore in Pakistan, which was adistant second.(Reuters)
New tax laws encourage heavier wallets for Hoosier veterans
Statewide— Changes to Indiana tax laws could put more money in the pockets of military retirees or their surviving spouses this tax season, advises the Indiana Department of Revenue (DOR).Gov. Eric Holcomb signed House Enrolled Act (HEA) 1010 this past summer to allow for higher tax deductions for military retirement income/survivor’s benefits.Eligible taxpayers can now deduct up to $6,250 plus an additional 25% of their military retirement income or survivor’s benefits for the 2019 tax year. That amount increases by 25% each year as shown below:2020 – 50% of the amount received that exceeds $6,2502021 – 75% of the amount received that exceeds $6,2502022 – 100% of the amount receivedThe military deduction is one of the biggest changes for the 2020 tax season. DOR was proud to work with Gov. Holcomb and the General Assembly to make this a reality for Hoosier veterans and their families.Tax forms and instructions for the 2019 tax year are available on DOR’s website at dor.in.gov.
Several companies to sponsor school tickets for Golden Jags game tonight
SEVERAL corporate companies have extended their generosity to several schools across the country to allow students to watch this evening’s match of the CONCACAF Nations League between Guyana’s Golden Jaguars and the Belize Jaguars.
Youths from the Kingston and Tiger Bay community receive their Concacaf Nations League Guyana vs. Belize tickets at Digicel’s Head office in KingstonA number of students and teachers of Covent Garden Primary would be viewing the match, thanks to the largesse of Secure Innovations and Concepts Inc. through its Managing Director, Harold Hopkinson.The businessman acquiesced to a request by the East Bank Football Association (EBFA) to purchase tickets for some of the students and teachers of Covent Garden Primary School to attend this evening’s match.Mr Hopkinson in accepting the request said that while it is part of his company’s social responsibility to give back to society, he was happy for the fact that students would be able to be a part of history and be able to roar with the Golden Jaguars to victory.“My company has always been giving back to sports and when we were approached to be a part of this event we had no hesitation in supporting, especially with youths being involved. Our company would like to wish the team and Guyana the best in their quest to create history on Saturday night.”HM of Covent Garden Primary, Ms Gonsalves-Ibrahim expressed sincere thanks to Mr Hopkinson, Secure Innovations and Concepts and EBFA for affording her students and teachers the opportunity to be a part of today’s huge match.INDUSTRIAL SAFETY SUPPLIES ALSO ON BOARD Industrial Safety Supplies Inc. of 226 Camp Street, North Cummingsburg has ensured that students and teachers from Diamond Secondary and St John’s College attend the match this evening to rally around their Golden Jaguars.
HM of Covent Garden Primary School, Stacey Gonsalves-Abrahim receives the tickets from GFF EBFA TDO, Devnon Winter.Yesterday, Technical Development Officer of the Guyana Football Federation (GFF) attached to the East Bank Football Association (EBFA), Devnon Winter handed over 15 tickets to Head Mistress of Diamond Secondary School, Ms Lesline Collins.EBFA president Franklin Wilson, in brief remarks during the school’s assembly, informed the students and teachers of the importance of today’s match, citing the historical nature of same.Wilson encouraged all the students, even those who will not be there to rally around the Guyanese team and propel them to victory.St John’s College was also the recipient of a similar number of tickets and they too, through their HM expressed gratitude for the gesture of the sponsor to have them as one of the school to benefit.Manager of Industrial Safety Supplies Inc., Hemant Narine, said that his company was very pleased to partner with GFF to ensure that students and some teachers can attend today’s match and support Golden Jaguars to whom he extended best of luck on behalf of his staff.DIGICEL JOINS THE PARTY Meanwhile, Digicel Guyana handed over a quantity of tickets to some youths of Kingston Football Development Academy Camp.Mr Junior Forrester who is very instrumental in reviving the ‘Kingston Community Football Development Academy’ assured that this will be an opportunity of a lifetime for some of the children. “They love football so this will be very exciting for them to witness a game of this magnitude first hand”.Forrester noted that this experience will go a long way for the young ones.
Physical Education Teacher of St. John’s College and some of the students that will be attending today’s match show off their ticket.Digicel believes in imparting positive experiences that will impact youths in communities across Guyana. At the simple handing-over it was noted by Vidya Sanichara that “Kingston is very special to Digicel and opportunities such as these are never taken for granted. Since this is a significant game for the Jaguars, we are delighted to be able to provide the opportunity to these young ones”.Guyana are 90 minutes from creating history in the 117th year of their existence by qualifying for the CONCACAF Gold Cup.Standing in their path are Belize who are also chasing down a spot at the Gold Cup; but Jaguars are confident of getting past this final hurdle and with the support of the students, teachers and the thousands of other Guyanese, expected to invade Leonora, victory will be accomplished easier.
Pinnick off to Zurich for FIFA Committee Meeting
President of the Nigeria Football Federation, Mr. Amaju Melvin Pinnick, will depart Nigeria for Zurich, Switzerland on Monday for a meeting of the Organizing Committee for FIFA Competitions.The Organizing Committee for FIFA Competitions is one of the most influential committees in world football, as it replaced the former multi–panels for FIFA’s various competitions, viz FIFA World Cup, FIFA Confederations Cup, FIFA Women’s World Cup, FIFA Organizing Committee for the Olympic Football Tournaments, FIFA U20 World Cup, FIFA U20 Women’s World Cup, FIFA U17 World Cup, FIFA U17 Women’s World Cup, FIFA Beach Soccer World Cup, FIFA Club World Cup and the FIFA Futsal World Cup. On the agenda of the meeting are considerations and decisions with regards to updates on preparations by host nations for upcoming FIFA championships: FIFA U17 World Cup (India: 6-28 October 2017); FIFA Club World Cup (UAE: 6-16 December 2017); FIFA World Cup (Russia: 14 June – 15 July 2018); FIFA U20 Women’s World Cup (France: 4-26 August 2018) and; FIFA U17 Women’s World Cup (Uruguay: 20 November – 13 December 2018).Most importantly for the present, the Committee will take a final decision on the 2018 FIFA World Cup qualifying match between South Africa and Senegal, which was played in Polokwane on 12th November 2016 and has been mired in controversy ever since.Following investigations, the FIFA Disciplinary and Appeal Committees handed match referee Joseph Lamptey from Ghana a lifetime ban from football. On Wednesday, 6th September 2017, the Bureau for the FIFA World Cup Qualifiers ordered a replay of the match, following the confirmation of the lifetime ban on Lamptey by the Court of Arbitration for Sport (CAS).However, as captured in the FIFA World Cup regulations, the decision by the Bureau shall come into effect immediately, but shall be subject to confirmation by the Organizing Committee for FIFA Competitions, at its meeting at the Home of FIFA on Thursday, 14thSeptember.From Zurich, Pinnick, who is also Vice President of the West African Football Union, will fly to Accra, Ghana for a meeting of the WAFU Executive Committee on Wednesday, 20th September.The following day, in the same Ghanaian capital, the NFF supremo, who is also Member of the CAF Executive Committee and of its Emergency Committee, will attend the CAF Exco meeting.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
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Posted: January 18, 2021 by admin
Despite Democratic Rejection, Reed Spokesman Says Problem Solvers COVID Package Still Alive