Royal Caribbean Group announces pricing of $500 million senior convertible notes offering

MIAMI, Oct. 13, 2020 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) (the “Company”) today announced that it has priced its previously announced private offering of $500 million aggregate principal amount of 2.875% Convertible Senior Notes due 2023 (the “Convertible Notes”). In connection with the offering of the Convertible Notes, the Company granted certain of the initial purchasers of the Convertible Notes a 13-day option to purchase up to an additional $75 million aggregate principal amount of the Convertible Notes. The offering is expected to close on October 16, 2020, subject to customary closing conditions. The Company expects to use a portion of the net proceeds from the offering to repay its 2.650% Senior Notes due 2020, with the remainder to be used for general corporate purposes.

The Convertible Notes will mature on November 15, 2023, unless earlier converted, redeemed pursuant to a tax redemption or repurchased. The initial conversion rate

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Coronavirus cases in world rising by 1 million every three days

Oct. 11 (UPI) — Nations are reporting record daily coronavirus cases, mainly in Europe after largely controlling the pandemic, with the world adding around 1 million new infections every three days.

On Saturday, a total of 355,909 new cases were reported worldwide, slightly less than the record 358,354 the day before and the fourth day in a row with more than 300,000. One-third of those new cases were in Europe.

On Sunday, Europe added 88,488 cases with 242,197 globally so far Sunday.

In all, the cases total 37,454,230, according to Worldometers.info.

Total cases passed 36 million on Tuesday and 37 million on Friday.

The death toll is 1,077,290, including an additional 5,074 fatalities Saturday. Within the past month, daily deaths have risen from a low of 3,535 on Monday, Sept. 28 while remaining short of a high of 6,447 on Sept. 2.

For several months, the United States has had

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Evers announces $109 million in grants for Wisconsin small businesses hurt by pandemic

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Gov. Tony Evers speaks to reporters in his office at the Wisconsin State Capitol in December 2019. (Photo: Molly Beck, Milwaukee Journal Sentinel)

As the Wisconsin economy continues to struggle six months into the coronavirus crisis, Gov. Tony Evers has announced $109 million in new and renewed grant funding for small businesses.

Among those that stand to benefit: music venues, hotels, restaurants, bars, nonprofit cultural venues, and privately owned movie theaters.

“It’s really focused on our mom-and-pops, our Main Street businesses. We want to get dollars into their hands,” said Missy Hughes, CEO of the Wisconsin Economic Development Corporation. “These businesses are so stressed. It would really help with what they’re facing.”

Evers announced the grants Tuesday, which will use money earmarked by the federal CARES Act that passed in March. The same day, President Donald Trump rejected Democrats’ latest offer for an additional COVID-19 stimulus package, saying he

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Three county-owned buildings in Newburgh could be sold for $1 million; turned into “urban resort”

Chris McKenna
 
| Times Herald-Record

CITY OF NEWBURGH – Orange County officials have endorsed selling three county-owned buildings on Grand Street to a Sullivan County business that offered $1 million and proposed to convert them into a hotel, restaurant and pair of banquet halls that would offer training opportunities for SUNY Orange students.

The proposal by Foster Supply Hospitality, which runs a string of boutique hotels and restaurants in the Catskills, was one of two the county fielded for the Newburgh buildings. County Executive Steve Neuhaus told county Legislature Chairman Steve Brescia in a letter last week that a county committee formed to review the bids preferred Foster’s plan over that of a developer that envisioned a largely residential project.

Neuhaus wrote that Foster’s proposal would have a greater economic impact and “play off Newburgh’s waterfront, revitalized downtown and numerous attractions, and would capitalize on Orange County’s proximity to New

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Homeless Hotels Cost NYC Nearly $300 Million: Report

NEW YORK CITY — The troubled effort by Mayor Bill de Blasio to temporarily house homeless New Yorkers in hotels during the coronavirus pandemic has racked up a hefty price tag: $299 million, according to West Side Rag.

Since April, the city has paid to rent rooms in hotels around the city, converting them into temporary shelters to reduce crowding in the existing shelter system, lowering the risk of coronavirus outbreaks.

The program’s cost first stood at $78 million, but nearly quadrupled as the city expanded it after closing existing shelters, WSR reported, citing documents filed with the city comptroller’s office.

The hotel shelters have been poorly received in some neighborhoods, including Manhattan’s Upper West Side, where a high-profile battle has played out over the placement of nearly 300 men in the Lucerne Hotel on West 79th Street.

De Blasio bowed to political pressure last month by announcing that the

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Joe and Jill Biden reported earning $16.5 million from book deals and speaking engagements since leaving the White House



a drawing of a person: Samantha Lee/Business Insider


© Samantha Lee/Business Insider
Samantha Lee/Business Insider



Joe Biden, Jill Biden are posing for a picture: Joe and Jill Biden. AP Photo/Matt Rourke


© AP Photo/Matt Rourke
Joe and Jill Biden. AP Photo/Matt Rourke

  • Former Vice President Joe Biden and his wife, former second lady Jill Biden, reported earning over $16 million since leaving the White House, according to new 2019 tax returns released on Tuesday.
  • The couple reported earning $11 million immediately after leaving the White House in 2017, $4.5 million in 2018, and over $944,000 in 2019. 
  • Their tax returns showed they paid over $5.5 million in federal taxes between those three years.
  • Their main sources of income were from book deals they signed after leaving the White House and dozens of speaking engagements, with Joe Biden regularly charging six figures for a single speech.
  • Visit Business Insider’s homepage for more stories.

Former Vice President Joe Biden and his wife, former second lady Jill Biden, reported earning over $16.5 million in total since leaving

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Virus Sows Dread in India’s Festival Season as Infections Cross Six Million | World News

By Alasdair Pal and Sumit Khanna

NEW DELHI/AHMEDABAD, India (Reuters) – India reported on Monday that novel coronavirus infections had topped 6 million, nowhere near the number required for herd immunity in country of 1.3 billion people, and raising anxiety going into the peak period for Hindu religious festivals.

India added a million cases in just 11 days, according to a Reuters tally of government data, and it has the second-highest number of infections, behind the United States which crossed 7 million last week.

India’s festival season, which climaxes in October and November with the popular Hindu celebrations of Dussehra and Diwali, poses additional challenges, as officials try to dampen the usual large public celebrations and cross-country travel.

Typically the festival season brings a big increase in consumer spending, and the more sombre atmosphere this year will further dampen an economy that contracted by almost a quarter in the three

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Virus sows dread in India’s festival season as infections cross six million

NEW DELHI/AHMEDABAD, India (Reuters) – India reported on Monday that novel coronavirus infections had topped 6 million, nowhere near the number required for herd immunity in country of 1.3 billion people, and raising anxiety going into the peak period for Hindu religious festivals.

India added a million cases in just 11 days, according to a Reuters tally of government data, and it has the second-highest number of infections, behind the United States which crossed 7 million last week.

India’s festival season, which climaxes in October and November with the popular Hindu celebrations of Dussehra and Diwali, poses additional challenges, as officials try to dampen the usual large public celebrations and cross-country travel.

Typically the festival season brings a big increase in consumer spending, and the more sombre atmosphere this year will further dampen an economy that contracted by almost a quarter in the three months

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Virus sows dread in India’s festival season as infections cross 6 million

A volunteer of District Magistrate (DM) office dressed as Yamraj, or Hindu God of death, and Civil Defence officers fine people for not wearing masks inside a shop, amidst the spread of the coronavirus disease (COVID-19), in New Delhi, India, September 28, 2020. REUTERS/Anushree Fadnavis reuters_tickers

This content was published on September 28, 2020 – 11:27

By Alasdair Pal and Sumit Khanna

NEW DELHI/AHMEDABAD, India (Reuters) – India reported on Monday that novel coronavirus infections had topped 6 million, nowhere near the number required for herd immunity in country of 1.3 billion people, and raising anxiety going into the peak period for Hindu religious festivals.

India added a million cases in just 11 days, according to a Reuters tally of government data, and it has the second-highest number of infections, behind the United States which crossed 7 million last week.

India’s festival season, which climaxes

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The Queen And The Royal Family Face $44 Million Shortfall But Palace Claim ‘No Intention’ Of Asking Public For More Money

The Royal Family has hinted at belt-tightening years ahead after revealing the impact of the pandemic on its income, and the cost of Royal travel, in its financial accounts for 2019-20. The Queen’s chief finance officer has warned the Royal balance sheet faces a potential $45 million shortfall as the cost of the pandemic takes its toll on Royal spending.

Yesterday, during a briefing before the official release of the accounts, Sir Michael Stevens, Keeper of the Privy Purse (the official name for the Queen’s chief finance officer) warned of a significant $25.4 million (£20 million) blackhole to emerge in the $468 million (£369 million) needed to complete the ten-year refurbishment to Buckingham Palace.

A further “significant reduction in income” from visitors to Royal landmarks like Windsor Castle will slash $6.3 million (£5 million) “per

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