Thursday, April 9, 2020

Coronavirus roundup: Syracuse seniors to have graduation; county faces budget gap - syracuse.com

The town of Skaneateles has closed the popular Charlie Major Nature Trail until April 21 due to the coronavirus pandemic.

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SU seniors will have a graduation ceremony, after all: Syracuse University chancellor Kent Syverud announced on Wednesday that commencement ceremonies for the Class of 2020, which had been postponed because of the coronavirus, will take place in the Carrier Dome after all -- but after the renovations on the roof have been completed and after health officials agree that large gatherings are safe. "I promise you, we will make it special, meaningful and memorable," Syverud said .

Publisher: syracuse
Date: 2020-04-09T02:04:36.742Z
Author: gowens
Twitter: @syracusedotcom
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U.K.'s Channel 4 Cuts Exec Pay, Slashes Content Budget in Virus Crisis | Hollywood Reporter

U.K. broadcaster Channel 4 has unveiled a raft of budget-cutting measures to deal with the ongoing coronavirus pandemic. 

Among the measure are an immediate 20 percent pay cut voluntarily taken by all executive and non-executive board members, alongside the suspension of the 2020 bonus scheme for executive directors.

The company — which is publicly owned and entirely commercially funded — also said Wednesday that it expects to reduce its 2020 content budget by £150 million ($185 million), while finding a further £95 million ($118 million) of savings through a review of planned projects and investments, including a reduction of marketing budgets. 

Publisher: The Hollywood Reporter
Twitter: @THR
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India's Oyo budget hotel chain pledges to house coronavirus frontline staff and those stranded -

Indian budget hotel chain Oyo has pledged to do “the right thing” by offering free accommodation to coronavirus frontline workers and foreigners who are stranded overseas, even as the USD 10 billion start-up continues to battle criticism over its treatment of hotel owners.

Oyo’s founder and CEO, Ritesh Agarwal, said selected sites from its international network of hotels and homestays would be designated to house health-care professionals, police and army staff working on the frontlines of the outbreak, including in the US and India. Others would be repurposed as “makeshift” isolation rooms for asymptomatic people, or those who test positive for COVID-19 but do not show any symptoms.

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Publisher: cnbctv18.com
Twitter: @cnbctv18com
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Marathon Oil Prioritizes Financial Strength with $1.3 Billion Capital Budget

HOUSTON , April 8, 2020 /PRNewswire/ -- In response to current market conditions, Marathon Oil (NYSE: MRO) has announced an updated 2020 capital spending budget and has also provided a hedging update. The revised capital budget of $1.3 billion or less represents a cumulative budget reduction of $1.1 billion from initial 2020 capital spending guidance. 2020 capital spending is now expected to be approximately 50% below actual capital spending in 2019.

In addition to previously announced actions to fully suspend Resource Play Exploration (REx) and Oklahoma activity, the Company now plans to suspend further drilling activity in the Northern Delaware , with only a limited number of wells to sales expected through the balance of the year. The Company will continue to optimize development plans in the Bakken and Eagle Ford.

Date: A9862C0E6E1BE95BCE0BF3D0298FD58B
Twitter: @YahooFinance
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Other things to check out:

How to Fix Your Budget After a Job Loss | Money

That may mean taking special steps to fix your budget, including cutting back on expenses and looking for extra sources of income. But, say financial planners, your goal should be to get through the rough patch without compromising your long-term financial security.

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Before you tap any assets, apply for unemployment, says William Hatton, a financial planner in Sherman Oaks, Calif. In many states, the CARES act—which helps people who have lost work to the coronavirus crisis — means that more groups of people are eligible to receive unemployment assistance, including part-time workers and self-employed people.

Publisher: Money
Twitter: @MONEY
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Plains cuts third of budget as pipeline operators feel market pressure - San Antonio Express-News

Houston-based Plains All American Pipeline has cut one-third of the company's capital expenditure budget as the oil and natural gas industry continues to feel the pressure of record low prices and falling demand due to the coronavirus pandemic.

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Plains cut $750 million from its capital budget and also is cutting distributions to stockholders by $525 million for nearly $1.3 billion in savings.

The pipeline operator now plans to spend $1.55 billion on new projects but may be able to save another $600 million on the Red Oak Pipeline, a joint venture with Phillips 66 that has been suspended .

Publisher: San Antonio Express-News
Date: 2020-04-07T16:09:54Z
Author: Sergio Chapa Houston Chronicle
Twitter: @mySA
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300 Franchises to Open With Nearly Any Budget in 2020

There’s more variety than ever in the world of franchising, from the types of businesses being
franchised to their price tags. That’s right — opening a franchise doesn’t have to cost a fortune. There are hundreds of opportunities, in a wide variety of industries, that can be started for less than you might expect. To see what we mean, just check out our lists of the top franchises that can be started for less than $50,000, less than $100,000, and less than $150,000.

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Publisher: Entrepreneur
Date: 2020-04-06T19:32:33Z
Twitter: @Entrepreneur
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Company halts plans for Uinta County immigration detention center | State | douglas-budget.com

Workers carry wire mesh in July 2006 while building the Willacy County Immigration Detention Center in Texas.

A private prison company is walking away from plans to build an immigration detention center in Uinta County, the company and county officials confirmed Wednesday.

"It's off the table now," said Eric South, chairman of the Uinta County Commission. "All these bleeding hearts and liberals ought to be happy about it."

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The county posted a statement attributed to the company on its website. A spokeswoman for CoreCivic, the company that planned to build the facility, confirmed the validity of the statement.

Publisher: Douglas Budget
Author: Star Tribune Staff
Twitter: @douglasbudget
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