Walmart U.S. Q3 comp sales1 grew 6.4% and Walmart U.S. eCommerce sales grew 79%, Q3 FY21 GAAP EPS of $1.80; Adjusted EPS2 of $1.34, Company incurs incremental costs related to COVID-19 of $0.6 billion
details at: https://corporate.walmart.com/newsroom/2020/11/17/walmart-releases-q3-fy21-earnings
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The US District Court for the Western District of Arkansas today declared Arkansas Act 372 unconstitutional in an opinion indicating that the law is overbroad and void for vagueness, and permanently enjoined its enforcement. The Arkansas law would have subjected librarians and bookstore owners to criminal prosecution for making materials available on library and bookstore shelves that could be deemed harmful to younger minors and conceivably available for younger minors to view, and mandated a library book challenge procedure in public libraries whereby individuals may challenge books based on “appropriateness” (an undefined term not based on constitutional standards). In addition, review boards would have been allowed or even invited to engage in viewpoint and content-based discrimination. The ruling came in response to the suit filed by a coalition of plaintiffs that included local Arkansas libraries, as well as authors, publishers, booksellers, librarians, and readers.
The UPS Foundation, the American Red Cross and drone manufacturer CyPhy Works, Inc., today announced a partnership to launch a drone pilot program, marking the first time the American Red Cross will test using a tethered drone to assess damage after a major natural disaster in the United States.
“With such catastrophic injury and damage being caused by natural disasters, every minute counts. It’s essential that public and private organizations work together to find new and innovative solutions to support and enhance recovery efforts after a natural disaster strikes,” said Eduardo Martinez, president of The UPS Foundation and chief diversity and inclusion officer.
It’s been a rather tumultuous year for magazine media, to say the least. With so many consumers reading content on digital platforms, it appears that many publishers are reducing print frequencies or altogether shuttering print editions of magazines to focus on digital initiatives and cut costs. While most publishers seem to be drifting away from print, Bauer Media Group is doing just the opposite. In 2018, the media giant is not only continuing its print editions, but also increasing frequencies for four of its titles, with Life & Style slated to rise from 51 to 53 issues, and Closer, In Touch and Woman’s World from 52 to 53 issues. “Bauer earns a positive margin on every issue from single copy sales,” Bauer CEO Steven Kotok (pictured) tells Folio:. “So the more issues we publish, the more money we earn, unlike an ad-dependent model in which fewer ads each year are spread over the same number of issues.” Click Read More below for additional information.