Costco Wholesale Corporation Reports January Sales Results

Pursuant to the terms that will apply to borrowing under the CARES Act, the Postal Service will provide the Department of the Treasury with certain information regarding our costs, revenues, and overall financial position. This includes providing Treasury, under strict terms of confidentiality, with those contracts that generate the most revenue for the Postal Service. Providing this information is merely an acknowledgment of the fact that Treasury has been designated by Congress as the lender for the Postal Service, and it therefore has a legitimate interest under certain circumstances in understanding those factors that affect our current and projected financial position. Other conditions, such as the requirement that borrowed funds only be used for operating expenses, and not for capital expenses, were expressly mandated by Congress in the language of the CARES Act. Contrary to insinuations made in the Washington Post article, nothing in these terms confers upon Treasury any role whatsoever in Postal Service pricing, management, or strategy.

First Quarter Fiscal Year 2024 Financial Highlights: *Adobe achieved revenue of $5.18 billion in its first quarter of fiscal year 2024, which represents 11 percent year-over-year growth or 12 percent in constant currency. Diluted earnings per share was $1.36 on a GAAP basis and $4.48 on a non-GAAP basis. *GAAP operating income in the first quarter was $907 million and non-GAAP operating income was $2.47 billion. GAAP net income was $620 million and non-GAAP net income was $2.05 billion. *Cash flows from operations were $1.17 billion.

Country Media, Inc., an Oregon-based publisher, has acquired three Oregon properties from News Media Corp., of Rochelle, Illinois: the Newport News Times, the Cottage Grove Sentinel and the Siuslaw News, along with their websites, digital products, and specialty publications, The Cottage Grove Sentinel reports. The sale, terms of which were not disclosed, was effective Sept. 1. News Media Corp. is the family run publishing company founded by John C. Tompkins in 1975. It has owned up to 75 newspapers and digital companies in nine states, The Cottage Grove Sentinel adds.