A Global Asset Management Seoul Korea Magazine
(RTTNews) - First Midwest Bancorp Inc. (FMBI), the holding company of First Midwest Bank, reported that its net income applicable to common shares for the third quarter of 2020 dropped to $23.4 million or $0.21 per share, from $54.1 million or $0.49 per share, for the third quarter of 2019. Results for the third quarter of 2020 were impacted by retail and balance sheet optimization strategies as well as securities gains. Adjusted earnings for the quarter were $0.33 compared to $0.52 in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share. Analysts' estimates typically exclude special items. Net interest income after provision for credit losses was $126.80 million compared to $138.29 million in the prior year. Total fee-based revenues declined to $38.02 million from $40.03 million in the previous year.
Loading The Australian Olympic Committee president John Coates said the 2018 games coverage by Seven had set the standard for winter sport. Seven secured the rights to three Olympic Games in 2014 - Rio De Janeiro Olympics in 2016, the Tokyo Olympics and the winter games in PyeongChang in 2018. The deal was reported to be worth $200 million at the time. Seven has a strong association with the Olympics that dates back to the 1990s, and periodically before that dating back to 1956. Before this year's games were postponed, Seven booked more than $90 million in revenue for the event and predicted it would have a 70 per cent share of television audience during the two week period due to the Tokyo time zone. The Olympics Games is typically a loss-making event for a broadcaster, due to the large amount of costs relating to the deal, production and advertising revenue. Broadcasters usually pay for large one-off sporting events such as the Olympics because they can be used to cross-promote other television programs. Seven has successfully renegotiated two major broadcast deals this year in the wake of the pandemic. In addition to a new deal with the IOC,
The Amazon headquarters sits virtually empty on March 10, 2020 in downtown Seattle, Washington. In response to the coronavirus outbreak, Amazon recommended all employees in its Seattle office to work from home, leaving much of downtown nearly void of people. John Moore | Getty Images Amazon will allow employees who can work from home to do so through June 2021, CNBC confirmed Tuesday. "We continue to prioritize the health of our employees and follow local government guidance," an Amazon spokesperson said in a statement. "Employees with work that can effectively be done from home can continue to do that work from home through June 30, 2021." News of the extended work from home policy was first reported by Bloomberg. Amazon follows in the footsteps of several tech companies that have extended their work from home policies until at least early 2021, including Apple, Facebook and Uber. Twitter has allowed employees to work from home "forever" if they wish. The move pushes out the timeline for a return to work for Amazon's corporate employees, who've been working from home since March. The company previously said that employees could work from home until January. Amazon's
WASHINGTON (NYTIMES) - As the coronavirus races across the United States, it has reached every corner of a nursing home in Kansas, infecting all 62 residents inside. There are so few hospital beds available in North Dakota that patients sick with the virus are being ferried by ambulance to facilities 100 miles away. And in Ohio, more people are hospitalised with the virus than at any other time during the pandemic. After weeks of warnings that cases were again on the rise, a third surge of coronavirus infection has firmly taken hold in the United States. The nation is averaging 59,000 new cases a day, the most since the beginning of August, and the country is on pace to record the most new daily cases of the entire pandemic in the coming days. But if earlier surges were defined by acute and concentrated outbreaks - in the Northeast this spring, and in the South during the summer - the virus is now simmering at a worrisome level across nearly the entire country. Illinois, Kentucky, Michigan, Montana, North Dakota, Ohio, South Dakota, Utah, Wisconsin and Wyoming each set seven-day case records on Tuesday (Oct 20). Even