tyb
JBA Departures
SAM127 USAF G5 west
PAT007 US Army C-560 nw and on descent for
R1944 US Army G5 sw and on fly by duty at Kinston Regional Jetport, NC prior to touchdown
SPAR327 USAF Learjet departed St. Louis Mid-America Airport on final descent at JBA
F35LTNG2 sw from MCAS Beaufort
LOBO721 MCAS C-560 departed MCAS Cherry Pt wn
DDFI5899 USMC C-560 departed New Orleans NASJRB nw
Kodak shares plunge after U.S. blocks $765 million loan deal
Shares of Eastman Kodak Co (KODK.N) fell about 40% on Monday and were on track for their worst single-day decline after the U.S. government blocked a $765 million loan to the company, which was going to make drug ingredients for use in possible COVID-19 vaccines, because of “alleged wrongdoing” by executives. The U.S. International Development Finance Corp (DFC) was slated to grant the loan to Eastman Kodak, which is looking to move deeper into the pharmaceutical arena.
But alarms were raised after senior Democratic lawmakers asked federal regulators to investigate securities transactions made by the company and its executives around the time it learned it could receive the government loan.
U.S. President Donald Trump said last week the government would investigate the circumstances surrounding the announcement of the loan.
“Recent allegations of wrongdoing raise serious concerns,” U.S. International Development Finance Corp (DFC) said late on Friday in a tweet. The company’s shares have soared more than five-fold, with retail traders on the popular Robinhood trading app piling into the stock since DFC announced it would sign a letter of interest to provide the loan to the company. More than 900 million shares have exchanged hands since the loan announcement, nearly 12 times the company’s outstanding shares.
Shares of the company were down 39.50% at $9 in pre-market trading on Monday.
Current
9.16-5.72 (-38.44%)
As of 9:35AM EDT. Market open.
https://www.reuters.com/article/us-eastman-kodak-stocks/kodak-shares-plunge-after-u-s-blocks-765-million-loan-deal-idUSKCN2561JE
This Man Owns More Land Than Anyone Else in America-John Malone
A few people and families own more than 100 million acres of land in the United States. However, a media tycoon is America’s largest landowner. John Malone has 2.2 million acres, mostly in four states: Colorado, Maine, New Mexico and Wyoming. Some of this land is used for cattle ranches. The ownership puts him just ahead of another media tycoon. Ted Turner, the founder of CNN, who owns 2.0 million acres. Their holdings are about twice the size of the state of Rhode Island.
Malone made his money in telecom and media. He built and owned part of Tele-Communications. He sold that company to AT&T in 1999 for $50 billion. According to Forbes 400, his net worth is $6.5 billion, which places him 75th on the list.
Malone has been a player in the media world for decades. Known as the “cable cowboy,” he owns or has held positions in Liberty Media, Discovery Communications and the Atlanta Braves. He also had ownership in Liberty Global, which is probably the largest cable company in the world, with an estimated 29 million subscribers.
Malone also owned about a third of News Corporation, the media conglomerate controlled by Rupert Murdoch.
Malone’s education includes a bachelor of arts degree from Yale and a master’s in electronic engineering from New York University.
Using data from The Land Report magazine’s 2018 Land Report, 24/7 Wall St. reviewed the 50 largest private landholders in the United States. Estimates are based on information from published reports, online databases, tax records, and information provided by various landowners, and include only rural land holdings. All told, the 50 individuals, families, and heirs on this list own over 31 million acres — or about 1.4% of the country’s total landmass. For reference, 1 square mile is equal to 640 acres. This ranking is current as of the end of 2018.
The vast majority of the land held by the individuals and families on this list is located in states west of the Mississippi River. The most common exceptions to this rule are parcels located in Maine and Florida. While this list only includes privately held land, nearly all of it serves some commercial purpose — from farming and ranching to logging and renewable energy production.
Not only do the private land holdings on this list often generate income for their owners, but also real estate itself is a valuable commodity. Not surprisingly, many of the people on this list rank among the wealthiest Americans.
https://247wallst.com/media/2020/07/23/this-man-owns-more-land-than-anyone-else-in-america/
Nicknamed the Cable Cowboy, John Malone is known for his penchant for media deals and complicated corporate structures.
From the 1970s to the 1990s, Malone built up cable TV firm TCI as right hand man to founder Bob Magness (d. 1996).
Malone became the CEO of TCI 1973 at 29 years old, then sold the firm to AT&T for more than $50 billion in 1999.
His Liberty Media, which owns the Atlanta Braves baseball team, closed a $4.4 billion acquisition of auto-racing league Formula 1 in January 2017.
In 2018, Malone retired from the boards of telecom giant Charter Communications and entertainment firm Lions Gate.
https://www.forbes.com/profile/john-malone/#4949a0b01505