BUSINESS

NEWS

General Dynamics Reports Q3 2020 Financial Results
By
Associate Writer
General Dynamics (NYSE: GD) today reported third-quarter 2020 net earnings of $834 million on revenue of $9.4 billion. Diluted earnings
Boeing Financial Results Continue to Be Significantly Impacted by COVID-19 and the 737 Max Grounding
By
Finance Reporter
The Boeing Company [NYSE: BA] reported third-quarter revenue of $14.1 billion, GAAP loss per share of ($0.79) and core loss
U.S. Home Prices Post Another 15% Gain
By
Newsdesk Editor
The median home sale price increased 15% year over year to $320,625—the highest on record, according to a new report

CLIMATE

CHANGE

As Climate Impacts Increase, UN Agencies Step Up Cooperation on Disaster Risk Reduction
By
Environmental Reporter
A UN report published to mark the International Day for Disaster Risk Reduction on October 13, confirms how extreme weather
Mike Mullins Proposes Tannery Park “Affordable Industrial Eco-Village” in Camden, Maine
By
Newsdesk Editor
In response to a public Request for Proposals from the Town of Camden, entrepreneur and community organizer Michael Mullins of
3 mins
© Cision Ltd.
The Ritz Herald
The latest data from Cision's State of the Election series reveals how global, national and local media covered the debate

Cision, an industry-leading earned media communications management and media advisory platform, published the latest data from its 2020 State of the Election blog series, a weekly nonpartisan media analysis of the U.S. presidential election. In week 7 of the series, Cision highlights how the presidential debate between President Donald Trump and former Vice President Joe Biden was covered by the media.

Within minutes of the debate ending, Google searches for “who won the debate” were at their peak. When looking at all U.S. media coverage, Cision found there are approximately 300 more mentions that claim “Trump won.”

Other key findings include:

  • 23% of the debate media coverage talked about COVID-19
  • Unlike previous debates, climate change received sizable attention – 12% of the total debate coverage
  • Russia was the most talked about topic of the debate
  • From October 16 – October 23, the debate garnered nearly 100,000 media mentions in the United States. Worldwide, there was an additional 36,000 mentions published in English.
  • Through the eyes of the global media – Biden narrowly won the debate

Cision also analyzed how local media in nine swing states judged the debate based on earned media mentions. Findings include:

  • Arizona: Biden won 38 to 32
  • Florida:…
COVID-19 has wreaked havoc on the global economy, but gold, silver and bitcoin are benefiting from the financial uncertainty that’s triggered an investor rush to safe havens.
The COVID-19 health crisis was a curveball for most people. Not many saw a global pandemic in their crystal balls when 2020 got underway, and the effect
This holiday, Banana Republic debuts Love The Present, a campaign that celebrates love and underscores an appreciation for the here and now. Photographer and Director Cass Bird
Fewer New Yorkers are dying from the coronavirus than health experts had anticipated, a new study shows. Regional death rates have dropped from the highs seen at

PUBLIC

INTEREST

ACEP Rebuts President Trump’s False Statements About Overcounting COVID-19 Deaths
The Ritz Herald

On behalf of the nation’s emergency physicians, ACEP is appalled by President Trump’s reckless and false assertions that physicians are overcounting deaths related to COVID-19. Emergency physicians and other health care workers have risked their lives day in and day out for almost a year battling the greatest public…

Michigan Chamber Applauds Enactment Of Bi-Partisan COVID-19 Business Immunity Bills
The Ritz Herald

Governor Whitmer today signed legislation championed by the Michigan Chamber to specify that businesses who are following COVID-19 safety protocols would be protected from COVID-19 related lawsuits.

“Across our state, businesses, nonprofits, childcare, academic facilities and the medical community have invested resources, time and energy in complying with public health…

CULTURE

NEWS

Akron Civic Theatre to Bring Internationally Renowned Artists to Create Two Large Scale Murals and More
By
Senior Writer
As part of its Staging the Future capital campaign, the Akron Civic Theatre has developed a public art strategy that
D.C.’s Newest Museum, Planet Word, Brings Language to Life With Immersive Galleries Featuring Cutting-Edge Technology
By
Senior Writer
Planet Word, a revolutionary museum dedicated to the power, beauty, and fun of language and to showing how words shape

RH

FINANCIAL

THIS WEEK'S HEADLINES
Yves Ducrot 28, Oct 4 mins
4 mins
The Ritz Herald
© Logan Abassi

A UN report published to mark the International Day for Disaster Risk Reduction on October 13, confirms how extreme weather events have come to dominate the disaster landscape in the 21st century.

The report “The Human Cost of Disasters 2000-2019” registers a sharp increase of extreme weather events over the previous twenty years, with much of the difference explained by a rise in climate-related disasters.

Globally, there were around 6,700 climate-related disasters including severe floods and storms in the time-period 2000-2019 compared to 3,600 climate-related disasters compared to the time-frame 1980-1999.

Mami Mizutori, the UN Secretary-General’s Special Representative for Disaster Risk Reduction, said: “Good disaster risk governance depends on political leadership and delivery on the promises made when the Paris Agreement and the Sendai Framework for Disaster Risk Reduction were adopted five years ago.”

The report is also reminder to UN Member States of their commitment to strengthen disaster risk governance and to have national and local strategies for disaster risk reduction in place by 2020.

Patricia Espinosa, UN Climate Change Executive Secretary, cautioned: “While much progress has been made through the Paris Agreement, the Sendai Framework for Disaster Risk Reduction and the 2030 Agenda, the world is not moving quickly enough.

UN Climate Change and UNDRR Step up Cooperation

All National Adaptation Plans developed under the Paris Agreement on climate list disaster risk reduction as a top priority. Similarly, National Strategies for Disaster Risk Reduction list climate change as a key concern for disaster risk management now and in the future.

International Day for Disaster Risk Reduction, October 13, has been marked by a public online conversation between Patricia Espinosa, head of the UN Framework Convention on Climate Change (UNFCCC) and…

CURRENT EDITION

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CORONAVIRUS (COVID-19)

UNITED STATES

91330 9,212,567 Total Cases
1047 234,177 (2.5%) Deaths
50133 5,983,345 (64.9%) Recovered
30 Oct 2020, 1:11 AM (GMT)
4 mins
The Ritz Herald
El Mac (Miles MacGregor) is an internationally renowned artist born and based in Los Angeles. © Akron Civic Theatre
What is happening outside the Akron Civic Theatre is about to become as exciting as what happens inside the building
By / Senior Writer

As part of its Staging the Future capital campaign, the Akron Civic Theatre has developed a public art strategy that will make a dramatic contribution to the aesthetic landscape of the areas surrounding the theater. Through capital funding, including a major gift from Rick and Alita Rogers, internationally recognized artists have been commissioned to create installations that will become attractions unto themselves. These works of art will draw national attention to the changing landscape and rebirth of downtown Akron.

The transformation will create more ways for the public to enjoy the Civic by offering an exciting collection of public art around the venue. Large-scale murals on the exterior walls of the Civic will deliver a big visual impact on the neighborhood, and additional works created by local and regional artists will create an “art park” around the building.

Muralists El Mac and Aiseborn commenced work on the Civic’s exterior wall facing W. Bowery Street overlooking Lock 4, and muralist Louise Jones (Ouizi), has begun her work on the exterior wall on S. Main St. overlooking Lock 3. The outdoor donor wall honoring leadership gifts to the Staging the Future capital campaign will be designed by Rochester, New York-based glass artist Nancy Gong. The installation will be located on the elevator wall along the S. Main St. sidewalk adjacent to the entry point of the Civic’s arcade.

The Civic’s public art strategy also includes as many as ten works commissioned or acquired from local and regional artists. The theater will announce its process for selecting local artists in…

MORE ARTICLES

Food, Italian culture and Humanitarian Effort: the Life of Prince Emanuele Filiberto
Emanuele Filiberto, Italy’s last king’s grandson, is opening up his
By Sandy Di Angelis Published on Oct 28
3 mins
The Ritz Herald
A platoon of M1 Abrahams battle tanks, manufactured by General Dynamics Land Systems. © Krisztian Bocsi
Net earnings of $834 million and diluted EPS of $2.90, up 33% sequentially

General Dynamics (NYSE: GD) today reported third-quarter 2020 net earnings of $834 million on revenue of $9.4 billion. Diluted earnings per share (EPS) were $2.90. Revenue was up 1.8% over the previous quarter, while net earnings and diluted EPS grew 33%.

“As we manage through this challenging time, we remain focused on the basics of operating performance, especially cash conversion and the early and aggressive management of costs, as evidenced this quarter by our strong operating margin and return on sales,” said Phebe N. Novakovic, chairman and chief executive officer. “Moreover, we continue to reduce debt and invest in the company for future growth.”

Margin

Company-wide operating margin for the quarter was 11.5%, a 240 basis-point increase from the previous quarter, with a notable increase of 620 basis points in the Aerospace segment’s margin. Return on sales was 8.8%, a 210 basis-point increase over the previous quarter.

Cash

Net cash provided by operating activities in the quarter totaled $1.1 billion, or 134% of net earnings. Free cash flow from operations, defined as net cash provided by operating activities less capital expenditures, was $903 million, a 108% conversion of net earnings.

Capital Deployment

In the third quarter, the company reduced its net debt by $388 million to $11.9 billion, a decrease of 3.2% from the previous quarter. Capital expenditures were $216 million, or 2.3% of revenue.

Backlog

General Dynamics’ total backlog at the end of third-quarter 2020 was $81.5…

CURRENT EDITION

Boeing Financial Results Continue to Be Significantly Impacted by COVID-19 and the 737 Max Grounding
The Boeing Company [NYSE: BA] reported third-quarter revenue of $14.1
U.S. Home Prices Post Another 15% Gain
The median home sale price increased 15% year over year
COVID-19 Sparks Investor Rush to Safety of Gold, Silver and Bitcoin
COVID-19 has wreaked havoc on the global economy, but gold,
Despite COVID-19, Stronger Life Settlement Growth Forecast Over Next Decade
The life settlement market in 2019 enjoyed its fourth consecutive
Woodforest National Bank Continues Branch Expansion In North Carolina
Woodforest National Bank® (“Woodforest”) is excited to announce its continued
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COVID-19 WORLDWIDE

545297 45,312,760 Total
7167 1,185,733 (2.6%) Deaths
265505 32,985,558 (72.8%) Recovered
30 Oct 2020, 1:11 AM (GMT)
The life settlement market in 2019 enjoyed its fourth consecutive year of growth in the amount of face value settled. That said, the life settlement industry is
To commemorate its 20th anniversary, Conspiracy of One, the sixth album by punk rock trailblazers the Offspring, will once again be available on vinyl — the first
The Supreme Court’s decision to allow the Trump Administration to abruptly end all counting efforts for the 2020 Census seriously jeopardizes the accuracy of the count and
Taking care of the environment is nothing new for Washington’s dairy farmers, and now they are taking that commitment to the next level as the U.S. dairy

EDITOR'S

CHOICE

CVS Health Expands COVID-19 Testing Services with Plans to Add Nearly 1,000 Rapid-result Test Sites

Geiger / RH
As part of CVS Health’s (NYSE: CVS) ongoing effort to increase access to COVID-19 testing and help slow the spread of the virus, the company today announced plans to expand

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