Ceremony Support to shut a minimum of 63 shops within the coming months

A Rite Aid store is on display in downtown Los Angeles, California, the United States, October 16, 2019. Picture dated October 16, 2019.

Mike Blake | Reuters

Drugstore chain Ritual help said Tuesday it plans to close at least 63 stores as the number of locations needed is re-evaluated.

The company said the closings were identified as part of an ongoing review and expects more stores to close over the next several months.

Rite Aid said its goal is to cut costs, increase profitability and have “solid foundations”. The company said the 63 closings that began last month are expected to increase its earnings before interest, taxes, depreciation and amortization by about $ 25 million.

On Tuesday, Rite Aid released mixed financial results for the third quarter of its fiscal year. Although the company was making more than expected on an adjusted basis, its revenue for the three months ended Nov. 27 was lower than analysts forecast. The retailer also lowered the sales outlook for the financial year.

Rite Aid’s shares rose more than 16% in early trading. By the close of trading on Monday, the stock was down about 22% year-to-date, bringing Rite Aid’s market cap to nearly $ 692 million.

A list of the dozen of stores Rite Aid sought to close was not immediately available. Rite Aid operates more than 2,400 retail pharmacies in the United States

Last month drug store rivals CVS health said it will around 900 stores close over the next three years as it adapts to buyers who buy more online.

Both CVS and Walgreens have increased their focus on digital growth and made businesses into destinations that offer a range of health services from flu vaccinations to diagnostic tests.

Find the full press release on Rite Aid’s results here here.

U.S. cash market funds see greatest weekly outflow in 9 months -Lipper

Global indices are displayed on a screen on the trading floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, USA, 19 August 2021. REUTERS / Andrew Kelly / File Photo

Sep 17 (Reuters) – US money market funds faced large outflows in the week leading up to September 15 as risk sentiment improved as fears of high inflation eased and the US Federal Reserve prematurely suspended stimulus measures after the Data showed a slowdown in the pace of consumer price increases.

Data from Lipper showed US money market funds saw an outflow of $ 43.34 billion for the week ending Wednesday, the largest since December 16.

Cash inflows in US stocks, bonds, and money market funds

The core measure of US consumer prices rose 0.1% last month, the smallest increase since February. The August slowdown gives the Federal Reserve breathing room as it prepares to shrink its massive bond holdings and decide how quickly to start raising rates from near zero. Continue reading

Meanwhile, U.S. equity funds rose $ 5.54 billion net after seeing $ 1.83 billion in outflows the previous week.

U.S. equity mutual funds drew in $ 1.28 billion net and growth funds got $ 208 million net after each one saw an outflow the previous week.

Among the equity funds, tech and real estate funds rose $ 435 million and $ 383 million, respectively, despite financials outflowing $ 845 million.

Flows into US equity sector fundsFunds flows into US growth and value funds

US bond funds rose $ 5.56 billion net for a ninth straight week of inflows.

US short / intermediate investment grade funds saw cash inflows rise two-fold to $ 2.07 billion and US municipal debt purchases rose 27% to $ 1.06 billion. However, the purchase of inflation-linked funds has almost halved to $ 574 million.

flows into US pension funds

Reporting by Gaurav Dogra and Patturaja Murugaboopathie in Bengaluru; Editing by Andrea Ricci

Our standards: The Thomson Reuters Trust Principles.

Effingham Man Sentenced to 58 Months in Jail for Manufacturing Counterfeit Cash | USAO-SDIL

A man from Effingham was sentenced yesterday to four years and 10 months in prison and a fine of $ 1,000 for making counterfeit money.

According to court documents, counterfeit banknotes made by Jared Sapp, 29, have been seized in Madison, St. Clair and Effingham counties and as far as Colorado. The forgery of Sapp goes back at least to the year 2016. A number of companies in Effingham, Illinois reported being paid counterfeit money in 2017 and 2018, which was later traced back to Sapp. Sapp would also use counterfeit money to pay for used goods on websites or applications such as letgo.com and craigslist.com. In total, law enforcement agencies recovered at least 201 counterfeit banknotes made by Sapp with a total face value of $ 4,715.00. The operation ended when Sapp was arrested in April 2020 with two printers / scanners and a stack of counterfeit $ 20 in the trunk of his car.

The investigations were conducted by the US Intelligence Service, the Effingham City Police Department, the Granite City Police Department and the Caseyville Police Department.

U.S. Assistant Attorney Peter Reed is pursuing the case.

Biden says U.S. well being officers are contemplating Covid booster photographs at 5 months

United States President Joe Biden will meet with Israeli Prime Minister Naftali Bennett in the Oval Office of the White House in Washington, DC on August 27, 2021.

Nicholas Comb | AFP | Getty Images

president Joe Biden said U.S. regulators are considering giving Covid-19 booster vaccinations five months after completing the primary series and postponing the expected schedule for a third vaccination by about three months.

Biden, who spoke to Israeli Prime Minister Naftali Bennett on Friday, said health officials are considering following this country’s example on boosters.

“We are considering the advice you have given that we should start earlier,” Biden said, adding that officials are discussing whether the schedule should be shorter. “It should only be five months and that is being discussed.”

Booster vaccination approval is expected to come sometime around Labor Day after federal health officials have time to review data from other countries.

Director of the National Health Institutes Dr. Francis Collins last week The data released by Israel on the effectiveness of Covid-19 vaccines over time caused US health leaders to reconsider their position on vaccine booster vaccinations. Israel released new data on Aug. 16 showing a reduction in the effectiveness of Pfizer’s Covid vaccine against serious illness in people 65 and over who were fully vaccinated in January or February.

Israel released more data on Sunday showing that a booster dose offers four times as much protection from infection by the Delta variant than the previous two-dose therapy in people over 60, Reuters reported, citing data from the Israeli Ministry of Health. The booster dose was also five to six times more effective in preventing hospitalization or serious illness.

About 1.5 million Israeli residents have received a booster dose of a Covid-19 vaccine.

Later in the day, White House spokeswoman Jen Psaki explained Biden’s comments, saying he would rely on CDC and FDA officials to make changes to formal U.S. health guidelines, which currently state that booster doses are given after eight months should be.

“So I want to be very clear. If they were to change their leadership based on data for a certain group, he would of course stick to it,” Psaki said at a press conference on Friday. “But for the folks at home watching, for all of you reporting this, nothing has changed about the eight month timeline in relation to the boosters.”

Other countries including the Dominican Republic, Hungary and Germany have either started, are about to, or are considering booster vaccinations.

Pfizer said Wednesday that a booster dose of its vaccine triple neutralizing antibodies in an unpublished study as the company battles for FDA approval for its booster doses, according to Reuters.

The study also found that the side effects after a third dose are the same as after a second dose. Common side effects include headache, lethargy, mild pain at the injection site, and fever.

The distribution of the booster vaccinations is expected to begin on September 20 pending final approval from the Food and Drug Administration and Centers for Disease Control and Prevention. The Biden government and vaccine manufacturers have indicated that there should be enough doses for any fully vaccinated adult aiming for a third dose.

Correction: This article has been updated to correct the timing of when a potential third dose of Covid could be administered. Five months after the full vaccination.

Bitcoin nears $50,000 after months of weak point

An illustration showing physical bitcoins next to binary code displayed on a laptop.

Jakub Porzycki | NurPhoto via Getty Images

Bitcoin neared $ 50,000 as it continues to rebound after months of weakness

The world’s largest digital currency by market value rose to $ 49,821 on Saturday afternoon in New York. according to data from Coinbase. It traded at 10 a.m. ET on Sunday at a price of $ 48,876.

The rebound comes after Bitcoin has been trading at a price between around $ 30,000 and $ 40,000 in recent months. It had fallen from a record high of nearly $ 65,000 in mid-April.

Ether, the coin connected to the Ethereum blockchain network, also rose recently, hitting $ 3,295 early Saturday. according to Coinbase.

The worldwide acceptance of cryptocurrencies among private investors has increased significantly in the past year, so Chain analysis, a blockchain data company. Worldwide acceptance of crypto has increased by around 881% in the last year.

According to data from CoinGecko.com, the global cryptocurrency market cap was $ 2.16 trillion on Sunday and the cryptocurrency trading volume was $ 109 billion on the last day.

Rand Paul’s Spouse Reportedly Misplaced Cash on Gilead Inventory Buy Disclosed 16 Months Late

Kentucky Senator Rand PaulThe wife’s wife has reportedly lost money on a stock purchase for a company conducting COVID-19 treatment, an investment that was reported 16 months late.

Paul filed a mandatory disclosure on Wednesday that revealed on February 26, 2020 that Kelley Paul had purchased between $ 1,001 and $ 15,000 worth of shares in Gilead, the company that makes the antiviral drug Remdesivir. The investment was made after congress was informed of the threat posed by COVID-19, but before the public was largely aware of it.

Senator spokeswoman Kelsey Cooper said in a statement that Kelley Paul used her own money on the investment and ended up losing money on it. Cooper called the senator’s failure to disclose the deal an oversight.

“Last year, Dr. Paul filled out the registration form for an investment his wife made with her own income, an investment where she lost money,” said Cooper. “In preparing to file his annual financial reports for last year, he learned that the form had not been submitted and immediately notified the filing office asking for their guidance. In accordance with these instructions, he filed both reports yesterday.”

According to the Stock Corporation Act, a law from 2012 designed to prevent the legislature from insider trading, the purchase of the stock should have been reported within 45 days.

More coverage from the Associated Press can be found below.

Senator Rand Paul’s wife invested in Gilead stock, which he reported 16 months later. Above, Paul discusses with Senator Todd Young during a business meeting of the Senate Foreign Affairs Committee on August 4, 2021.
Drew Angerer / Getty Images

News of the impending threat from the coronavirus spread through Congress in late January 2020 after members received the first of several briefings on the associated economic and health threat.

The release 16 months late adds Paul to a growing list of lawmakers from both parties who scrutinized their stock trading during the outbreak, which was declared a pandemic in March 2020.

Gilead stock traded for about $ 75 per share on the day Kelley Paul made her purchase. In April 2020, it rose to about $ 84 per share before falling again. Stocks now trade around $ 70 apiece.

The Kentucky Senator isn’t the first member of Congress to disclose deals that have been suggested by critics to benefit from the pandemic. Nor is he the first to fail to disclose trades in the required time.

However, the $ 1,001-15,000 invested by his wife is also tiny compared to some other lawmakers who bought or sold hundreds of thousands – if not millions – of stocks worth hundreds of thousands – if not millions – during the pandemic. (Congressional financial statements indicate dollar spreads for the value of assets, not specific dollar numbers.)

The Associated Press previously reported that New Jersey Democratic MP Tom Malinowski had repeatedly disclosed deals worth up to $ 1 million in medical and technology companies that were involved in the virus response.

Republican Senators David Perdue and Kelly Loeffler of Georgia both lost their runoffs for the senate in January after own stock trading became a major election issue. Both were investigated by the Justice Department and eventually released.

Perdue had dumped $ 1 million to $ 5 million worth of stock in a company he was previously a board member of. After the markets collapsed, he bought it back and earned a godsend after the price soared.

Loeffler and her husband, the CEO and chairman of the New York Stock Exchange’s parent company, dumped millions of dollars in stocks after a briefing about the virus.

North Carolina Republican Senator Richard Burr perhaps drew the most attention to his professions. He resigned as chairman of the Senate Intelligence Committee after the FBI received a search warrant to confiscate a cell phone.

Burr and his wife sold between $ 600,000 and $ 1.7 million in more than 30 transactions in late January and mid-February, just before the market began to decline and state health officials began to raise the alarm about the virus. Burr was caught on a tape in early 2020 that privately warned a group of influential voters to prepare for economic devastation.

The Justice Department investigated Burr’s actions but did not bring charges and closed the case.

However, Paul is unique in some ways. As the first senator to infect COVID-19, he has repeatedly railed against mask mandates and other public health tools to stop the virus from spreading.

YouTube banned Paul for seven days on Tuesday and removed a video he posted claiming that cloth masks won’t prevent infection because it violates COVID-19 misinformation guidelines.

It’s the second time this month that one of Paul’s videos has been removed from YouTube for violating its misleading content rules. Paul called YouTube’s decision a “badge of honor” in a tweet.

Paul’s filing of mandatory disclosure was first reported by the Washington Post.

Senator Rand Paul waited more than a year to announce that his wife had bought shares in a company that is carrying out COVID-19 treatment. Above, Kelley Paul speaks during an interview with The Associated Press on the Citadel campus in Charleston, South Carolina on April 16, 2015.
Mic Smith, File / AP Photo

Cape Coral legal professional’s assistant who spent aged consumer’s cash sentenced to 16 months


A Cape Coral woman is spending 16 months in jail for misusing the credit card of someone who trusted her to pay her expenses.

Kristin Nicole Jordan, 40, was convicted Tuesday of exploiting an elderly person. The family of the victim, who died in May, was compensated.

The case dates back to 2019 when investigators from the Lee County Sheriff’s Office learned that the victim’s credit card was used in fraudulent charges for $ 42,276.

The eight-month investigation led to Jordan using the card to make purchases through 2017. She was employed as an assistant to a fiduciary attorney at the Musial law firm, which, according to its website, handles health care and long-term planning. for the elderly.

Records show Jordan bought numerous different things, including paying Comcast bills, buying groceries, shopping at Amazon, Victoria’s Secret, Nike, and several other retail stores.

Investigators said the victim found out that Jordan used her money to pay for all of that, including dinner, car payments, travel, cell phone bills, and school payments. The victim reported that she believed numerous transactions from her bank account were fraudulent.

Investigators said the victim eventually became suspicious of Jordan himself. WINK News spoke to Jordan shortly after her arrest, and she denied the charges, saying it was not true.

The law firm told investigators that they fired Jordan in May 2019.

Charleston Mild Opera Guild returns after 18 months away | Arts & Leisure

After a year and a half since their last show, the Charleston Light Opera Guild returns to the Clay Center this week with “Putting it Together”.

The outdoor show offers a small cast, no costume or set changes, few props and music from 13 of the musical catalog of the Broadway titan Stephen Sondheim.

“It’s a revue, but it spells ‘review’,” said Guild Director Nina Pasinetti.

Putting it Together takes songs from this baker’s dozen shows and dramatically mixes them into a new story.

“If you know the other musicals, you might see the songs in a different light,” she said. “With the plot and theme, the songs in ‘Putting it Together’ may have a different meaning.”

Pasinetti was thrilled not only with the guild’s return to performance, but also with “Putting it Together” as the show presented different challenges for both them and the theater company.

“Putting it Together” was aired off-Broadway in 1993 and featured the return of Julie Andrews to the New York stage. It ran again on Broadway with Carol Burnett in 1999, but Pasinetti said she hadn’t seen any of those shows, which was a little unusual.

“I’ve seen so many shows on Broadway,” she explained.

Prior to COVID-19, Pasinetti made regular trips to New York and to the theaters. Not only is she a lifelong theater fan, the director scouts these shows as potential future guild productions. She pays attention to the Broadway style and look.

“We don’t copy,” she said. “But we definitely respect the original intent.”

With “Putting it Together”, Pasinetti was simply not that exposed. Her research was largely limited to a few YouTube videos and a broad knowledge of Sondheim’s work.

“Sondheim changed the way Broadway ran, and it’s not an easy job to learn,” she said.

But the show suited the guild’s needs, even if it wasn’t exactly what the guild preferred – especially in the summer.

Summer shows can focus on larger casts, with the guild resorting to high school actors and students coming home from college for the summer.

In addition, the light opera guild has not done an outdoor show or revue for decades.

“We did them in the 80s and 70s,” said Pasinetti.

Even so, new circumstances call for new solutions, so the guild chose a musical with just a handful of players that eschewed extras, including dialogue.

Cedrick Farmer, one of the five actors in the musical, said, “It was basically an opera.”

A little trust was involved.

Understudies were not filled. If something happened, if someone got sick, the whole show could have derailed, but Pasinetti said their cast was very conscientious. They followed safety protocols, monitored their health, and wore special masks that made it easier for players to sing until health guidelines said it was okay for them to take the masks off.

Rudi Arrowood said the strict protocols were worth it.

Arrowood played in the guild’s only production in 2020 with “Maria” in “The Sound of Music”.

While Arrowood said she usually takes breaks between shows, it hit her hard not to have a show on the horizon.

“I developed a lot of hobbies in my free time,” she laughs.

When the guild announced that it would be resuming a production in June, Arrowood said it doesn’t care what role she gets as long as she gets a role.

She said, “Sign me up. I play a hay bale whatever. I am super happy to be back. “

Arrowood got the role of Woman # 1.

None of the characters in the musical have names. Arrowood is woman # 1. Chris Terpening plays Man # 1. Christa Navy is woman # 2. Bauer is Man # 2 and Jacob Fleck is Man # 3.

Farmer said it was good to be back too. Last year he graduated from West Virginia State University with a degree in singing. Along with worries about getting sick, the pandemic clouded his musical future.

“It scared me,” he said. “I didn’t know what was going to happen.”

Pasinetti said the guild didn’t get huge castings, but did attract some of the best talent the area has to offer.

Everyone was careful and took the job seriously.

“Nobody canceled. Nobody got sick. I don’t think anyone was late for rehearsals, ”she said. “It just went very smoothly.”

The entire cast was vaccinated as early as possible, Pasinetti said.

“It wasn’t because of the show,” she added. “Everyone was nervous about COVID. Everyone knew someone who had it. “

To display the show outdoors, the guild has enlisted the Clay Center’s Susan Runyan Maier Sculpture Garden, which the arts and science center developed as an outdoor venue.

The sculpture garden also seemed to serve the aesthetics of the piece.

“The characters wear evening attire,” said Pasinetti. “The men are dressed in tuxedos.”

There were concerns about the rain, she said. June weather in West Virginia is routinely fickle. Rain showers, unusual winds, or scorching heat are all possible and nearly impossible to predict weeks or months.

Pasinetti said they have rainy dates for missed shows and, thanks to changes in health guidelines, the ability to move production in-house if necessary.

As the show neared opening night, she said it finally felt like things were getting easier, as if things were getting better, if not entirely normal, than they had been.

The restrictions relaxed and there was a sense of relief.

“The most important thing is that we get back to what we should,” she said. “We’re here to entertain and provide an outlet for artists.”

Duke of Sussex Takes Parental Go away 5 Months After Childbirth | Leisure Information

The Duke of Sussex will be unable to work for five months after the birth of his daughter.

Prince Harry, who welcomed his daughter Liribet Diana and wife Duchess Sussex last week, will be unable to work for 20 weeks after the baby is born, in line with what he is offering to staff at the Archwel Charity Foundation.

“We’re used to royal men returning to work the next day, sometimes the same day,” said the couple’s biographer and friend, Omid Scobie. It sets a good example and offers mothers and fathers up to 20 weeks of parental leave.

“You’re doing exactly the same thing, so your job will be out for a few months.”

And Omid believes that Harry and Megan’s happiness lies in keeping the baby’s arrival a secret for a few days and enjoying the time with the newborn.

Regarding Good Morning America, he added, “As you can see from Harry and Megan’s team, they are very happy to be home. Yourself.

“They had some private time in the hospital, went home and partied, and then shared it with all of us.”

The couple previously thanked fans for their support and good luck after the baby’s arrival.

In a statement posted on Archewell’s website, they said: “She is more than we could imagine and the love and prayers we felt from all over the world. This is a special time for our family. “

Duke of Sussex takes parental leave 5 months after birth | Entertainment news

Source link Duke of Sussex takes parental leave 5 months after birth | Entertainment news

$three million in stimulus cash two months away, North Hutingdon officers informed

North Huntingdon will receive approximately $ 3 million from the U.S. rescue plan for a variety of public projects, but community officials have been told they don’t expect the check to be mailed immediately.

It could be about 60 days before North Huntingdon receives the money under the stimulus package that Congress passed in March, community administrator Jeff Silka told commissioners last week.

The money would be allocated to the community by the state, said Silka, but it won’t be in a lump sum. Fifty percent will be distributed first, the rest will come later, said Silka. The community administrators learned more about the distribution of funds and guidelines for using the money during a recent briefing. Another is planned for June, said the manager.

“It’s not a check that can be issued whatever we want,” said Silka, like pensions or employee wages.

North Huntingdon can use some of the money on long-discussed changes to the townhouse that houses the administrative offices, including planning and zoning, and recreation and parks, and the police department.

Since the North Huntingdon Township Municipal Authority cleared the second floor of the municipal building and moved to their offices along Turner Valley Road, officials have been discussing reallocation of space in the building.

The planning and zoning office could be moved upstairs and the detectives would move to that room. Chief Robert Rizzo previously told commissioners that moving the detectives upstairs would not only give them more space, it would also allow a room to conduct interviews during an investigation.

The projects for which the municipality can finance the economy include improvements to the heating, ventilation and air conditioning in the townhouse.

When asked by Commissioner Ronald Zona about the project, Silka said it had been designed and could be put out to tender in June.

The municipality has discussed the need for several rainwater projects that could qualify for the stimulus money.

“This is kind of a New Deal,” said Silka, referring to the funding of public works programs under the New Deal, which was initiated under President Franklin D. Roosevelt’s administration during the Great Depression of the 1930s.

The community can also get back $ 266,000 in revenue it lost in 2020 due to the pandemic compared to 2019, Silka said. However, compared to 2019, the community lost only $ 166,000 in revenue last year after transferring about $ 100,000 from a capital fund account to the general fund. He is not sure how the federal government would explain this money transfer in the event of a permissible refund.

“Our earnings weren’t so negatively affected,” said Silka.

Joe Napsha is a contributor to Tribune Review. You can contact Joe at 724-836-5252. jnapsha@triblive.com or via Twitter .