Kohl’s announced it will double its earlier announced donation to support relief efforts in response to the severe weather impacting Texas and the Gulf Coast, for a total of a $1 million cash donation to the American Red Cross. In addition, Kohl’s will provide an estimated $1 million in financial support to Kohl’s associates who have been significantly impacted by the storm. “The destruction of the hurricane and its aftermath has continued to escalate day by day,” said Kevin Mansell, Kohl’s chairman, CEO and president. “We feel compelled to increase our donation to the Red Cross to help families across Texas and the Gulf Coast during this time of great need.” Click Read More below for additional detail.
National Average Price for Regular – Current: $2.519; Month Ago: $2.320; Year Ago: $2.223. National Average Price for Diesel – Current: $2.591; Month Ago: $2.477; Year Ago: $2.368.
American Dollar to Canadian Dollar = 0.803578 American Dollar to Chinese Yuan = 0.152452; American Dollar to Euro = 1.192098; American Dollar to Japanese Yen = 0.009080; American Dollar to Mexican Peso = 0.056014.
Motor fuel prices slipped 1.2 percent on Friday, the first decline in front-month futures in almost two weeks, after a 25 percent gain in August. Crude in New York extended declines following the worst month since March. About 4.4 million barrels a day of U.S. refining capacity remains shuttered. The government plans to supply 1 million barrels of crude from the Strategic Petroleum Reserve to a Gulf Coast plant, the first emergency release in five years. Hurricane Harvey cut U.S. refining capacity to the lowest level since 2008 after its initial strike on the Texas coast late last week. It returned as a storm to hit Louisiana on Wednesday, bringing torrential rains that shut the biggest U.S. refinery, owned by Motiva Enterprises LLC in Port Arthur, Texas. The lack of production forced Colonial Pipeline Co. to curb flows to a link that carries fuels to the Northeast. Valero Energy Corp. and Royal Dutch Shell Plc told wholesale customers Wednesday they don’t have enough gasoline and diesel to sell. Click Read More below for additional detail.
Hearst today announced that it has acquired The Telegraph and Journal-Courier from Civitas Media, LLC (“Civitas”). The acquisition strengthens Hearst Newspapers’ commitment to covering news in Illinois communities, adding to the reporting done by the Edwardsville Intelligencer. The announcement was made by Hearst President and CEO Steven R. Swartz and Hearst Newspapers President Mark Aldam. Financial terms were not disclosed. Civitas, headquartered in Davidson, North Carolina, is a portfolio company of Philadelphia-based private equity investment firm Versa Capital Management, LLC (“Versa”). Click Read More below for additional detail.
Today is the day when Celebrated Living magazine, the premium-class publication for American Airlines, announces the winners of its prestigious 2017 Platinum List Awards. Fourteen handpicked, expert judges and the public have finally spoken and we now know the best of the best in travel today. Thousands of votes were cast and counted across the 21 categories and the definitive list of the best resorts, hotels, cruises, fine dining and nightlife spots around the world is revealed today. The winners appear in the September/October issue of Celebrated Living magazine for American Airlines online and infligt. Click Read More below for more of the story.
Sappi Limited is pleased to announce that it will bolster its biorefining expertise through the acquisition of the Xylex® and Versalac® technologies owned by Plaxica Limited. The transaction will result in Sappi acquiring the sugar clean up technologies which includes the patents, knowhow, equipment and key technical staff of Plaxica. The size of the transaction does not require regulatory disclosure. Since 2013, Sappi has advanced its efforts to expand its biorefining expertise. Part of the strategy is to extract and clean-up C5 hemicellulose sugars from our Pre-Hydrolysis Kraft (PHK) liquors for further value add to higher value products. Commenting on the transaction, Louis Kruyshaar, Executive Vice President of Sappi Biotech said “Plaxica’s Xylex® solution is rated as one of the most advanced to offer optimum efficiency and economics for separation and clean-up of C5 sugars from pulp mill hydrolysates.” Click Read More below for additional detail.
Hurricane Harvey’s impact on the Texas Gulf Coast resulted in the temporary suspension of mail delivery service, as well as the closure of some postal facilities in the Postal Service’s Rio Grande District. We realize our customers depend on the mail every day and we are working hard to reconnect customers with their mail as quickly as possible. Today, the U.S. Postal Service Rio Grande District is providing additional information on how customers displaced by Hurricane Harvey can retrieve Treasury checks they receive, via U.S. Mail. This includes checks from the Social Security Administration, Veterans Administration (VA), Office of Personnel Management (OPM) and Railroad Retirement Board. In addition, we will be distributing any identifiable medications sent through the mail. We realize the importance of ensuring customers receive these items. Click Read More below for additional detail.