Month: September 2020

New York Sports Clubs Files For Bankruptcy

Town Sports International CEO Patrick Walsh (Credit: JoJosh313; Getty)

Town Sports International CEO Patrick Walsh (Credit: JoJosh313; Getty)

The owner of New York Sports Clubs can’t run away from the pandemic.

Town Sports International — which owns sports clubs in New York, Boston, Philadelphia and Washington, D.C. — filed for Chapter 11 bankruptcy on Monday after the forced closure of gyms led to big losses in revenue, Reuters reported.

Operators of fitness centers have been hit hard by the pandemic lockdown as much of their revenue comes from monthly membership and personal training fees.

Gold’s Gyms International and 24 Hour Fitness Worldwide both filed for bankruptcy earlier this year.

Town Sports’ financial woes predate the pandemic, though. The company noted in its 2019 financial reports that it was facing mounting debt. It had hoped to buy Flywheel Sports, and use the acquisition financing to pay down a $200 million loan coming due in November. But that deal fell through.

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Dallas Park Cities Flexible Office Company Venture X at Campbell Centre CEO Explains Coworking

09/25/2020, Dallas // KISSPR //

Why Coworking Is Important in a Pandemic Explains CEO of Flexible Offices From Dallas

The coworking industry is changing rapidly, which has been the case for several years as the nature of work keeps evolving. More people than ever before are transitioning to a remote work lifestyle or a hybrid arrangement that has them in the office on some days and working from home or elsewhere on other days. 

However, the coronavirus pandemic of 2020 has impacted all types of businesses and industries. Here is a look at how the year 2020 is changing coworking, as well as how coworking spaces can help businesses of all sizes navigate the pandemic.  

1. Venture X Is A Thriving Place for Startups

Launching a new business has always been a costly endeavor. According to one study, the average cost of starting a new business is around $30,000.

For

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Public library services you may not know about that can save you money – Lifestyle – Times Record

My adult children are big on borrowing stuff from their parents. And, from time to time, they may fail (you know who you are, son) to mention having borrowed something like a Milwaukee Sawzall reciprocating saw in its big, bright red case, prompting that son’s father to assume said tool had been stolen after searching the garage high and low for it on a day he had an urgent need for it — further prompting said father to reluctantly make a trip to Home Depot to buy a replacement.

This little blast from my past illustrates, in an odd way, how not everyone needs to own the same things. My husband uses his Sawzall so frequently he’s replacing the blade with abandon. But Jeremy? Hardly ever — maybe once a decade. Harold needs to own this tool. Jeremy is better off borrowing (all is forgiven, by the way).

Many public

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New York Sports Clubs owner files for bankruptcy on coronavirus hit, eyes sale

(Reuters) – Town Sports International Inc, the owner of New York Sports Clubs, filed for Chapter 11 bankruptcy on Monday and plans to sell itself, after the coronavirus pandemic forced its gyms to close and caused revenue to dry up.

Saying the pandemic “wreaked havoc” on its operations, Town Sports and 161 affiliates filed for protection with the U.S. Bankruptcy Court in Wilmington, Delaware.

As of March 31, Town Sports operated 185 fitness centers, including 99 New York Sports Clubs, with about 580,000 members.

The company’s brands also include gyms in Boston, Philadelphia and Washington, D.C. named for those cities, as well as Lucille Roberts and Total Woman Gym and Spa. Assets and liabilities totaled between $500 million and $1 billion.

Gym operators have suffered as the pandemic deprived them of the monthly membership and personal training fees that generate much of their revenue.

Gold’s Gym International Inc filed for

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Industrial Internet of Things Market overview 2020, In-depth analysis with Impact of COVID-19, Types, Opportunities, Revenue and Forecast 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 25, 2020 (Heraldkeepers) —
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include General Electric (U.S.), Cisco Inc. (U.S.), Intel Corporation (U.S.), Rockwell Automation (U.S.), ARM Holdings plc. (U.K.), ABB Ltd. (Switzerland), Siemens AG (Germany), Honeywell International Inc. (U.S.), DassaultSystemes SA (France), Huawei Technology Co., Ltd. (China), Zebra Technologies (U.S.), IBM Corporation (U.S.), and Robert Bosch GmbH (Germany) among others. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The scope of the report includes a detailed study of global and regional markets for Global Industrial Internet of Things Market with the reasons given for variations in the growth of the industry in certain regions.

The

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Finance Minister Confirms His Private Company Did Agyapa Job

More details continue to emerge about the controversial Agyapa Royalties Limited deal, revealing a deep-seated greed on the part of some of the promoters who are family member of the President, Nana Akufo-Addo.

They, include Finance Minister, Ken Ofori-Atta, who is accused of using their proximity to power, their knowledge of the government deals to award various aspects of the transaction to their private companies, instead of announcing the existence of the job and opening it up for competitive bidding process.

Databank, is one of the companies owned by the Finance Minister. Ghanaians were last Friday, shocked to hear that Databank Financial Services, was also engaged by the Finance Ministry to be part of the Agyapa transactions.

But this is not the first time that Ken Ofori-Atta’s companies; Databank Financial Services and Enterprise Insurance Company Limited under the Enterprise Group are also mentioned as competing for state jobs with companies

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Talisman Casualty Insurance Company Emphasizes Surety Program – Press Release

LAS VEGAS, NV / ACCESSWIRE / September 22, 2020 / Talisman Casualty Insurance Company, a protected cell captive insurance firm based in Las Vegas, Nevada, wants to emphasize their surety program that is based on the captive insurance model to ensure reliability, creativity, and flexibility. With this particular program, they are offering various kinds of surety bonds. The surety bond is issued for the purpose of protecting a particular party against losses if the principal is unable to comply with an obligation towards the first party, such as finishing a construction project or paying what is owed to suppliers and subcontractors. The first party is often the homeowner or property owner who, in the absence of a surety bond, will be obliged to pay the subcontractors and suppliers, as well as bear the losses from an unfinished construction project.

Talisman Casualty Insurance Company has based its surety program on the

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Feds again deny request for money to pay for Portland Harbor dredging

The federal government has again turned down a request for money to help pay for dredging around piers and wharves in Portland Harbor.

Local officials said they learned Friday that the latest request for funding from the U.S. Department of Transportation had been denied.

Dan Haley Jr., chair of the Board of (Portland) Harbor Commissioners, said the cost of dredging the harbor and disposing of the waste will run about $30 million. The state, cities of Portland and South Portland, and wharf owners would all contribute, but most of the money would come from the federal government.

The dredging would be performed around piers and wharves, which tend to fill with silt flowing into the harbor from the Fore River, Haley said. Channels and shipping lanes are maintained and regularly dredged by federal agencies.

Chuck Kamilewicz, Portland’s assistant harbor master, said as much as 25 percent of the space around

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The Gun-Toting, Millennial Restaurant Owner Trying to Ride the Covid Backlash to Congress

As Boebert proudly touts her insurgent primary win at campaign events, her Democratic opponent, Diane Mitsch Bush, a former county commissioner and state legislator from Steamboat Springs, has begun to seize on Boebert’s less-than-polished past — including multiple arrests and a history of financial and other issues at her restaurant. Boebert also faced criticism in May when she appeared to embrace the QAnon conspiracy theory, saying she hoped it was real “because it only means that America is getting stronger and better, and people are returning to conservative values.” Her campaign has since said repeatedly that Boebert does not support the QAnon theory, which the FBI has warned could pose a domestic terrorist threat. “She is on the record that she is not a follower of conspiracy theories,” Laura Carno, a campaign spokesperson, told POLITICO Magazine.

Mitsch Bush, who lost a challenge to Tipton in 2018 by 8 points, in

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North Augusta has seen residential, industrial, business growth | News

The coronavirus pandemic has caused hard times for many, including in North Augusta, which saw the cancellation of the Augusta GreenJackets’ baseball season and the 2020 Nike Peach Jam. Even so, multiple areas in the city have seen growth and development in the past year with more on the horizon.

“The past year has certainly been a once-every-century year,” said North Augusta Mayor Bob Pettit.

“Surprisingly, residential growth continues in North Augusta, even while many businesses are reeling from the impact of the COVID virus.”

The riverfront is one of those areas that has seen development, as part of the planned Riverside Village buildout. The city’s 600-seat amphitheater opened in June, and the stadium parking deck has been completed but not yet used due to the cancellation of the season.

“A number of other parcels in Riverside Village remain to be developed, with additional apartments most likely the next to

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