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Wall Street Journal

Business
Goldman Sachs To Fire Over 1,300 Workers, Report Says Goldman Sachs To Fire Over 1,300 Workers, Report Says
Goldman Sachs To Fire Over 1,300 Workers, Report Says New York City-based multinational investment bank and financial services company Goldman Sachs plans to lay off over 1,300 employees, according to a report by The Wall Street Journal. The move is part of an annual review process that culls low performers, the report said, noting the numbers of those getting fired may wind up being as high as 1,800 out of the company's global workforce of around 45,000. The layoffs have already started and will continue through the fall, according to the report. Click here to read the complete Wall Street Journal report.

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by Joe Lombardi
Real Estate
Nantucket Home With Theater, Game Room Sells For Massive Sum Nantucket Home With Theater, Game Room Sells For Massive Sum
Nantucket Home With Theater, Game Room Sells For Massive Sum An investor who sold veteran news anchor Diane Sawyer’s $24 million “Chip Chop” property on Martha’s Vineyard has sold a more expensive property, this time on the island of Nantucket. The luxury estate at 5 Grant Ave. in Nantucket was sold on Jan. 18 under the asking price of $26 million by private-equity investor David Malm after buying it for just under $20 million, according to the Wall Street Journal. Malm told the newspaper that the property was to be turned into a luxury rental spot, but “there is a price for every asset.” Related: Diane Sawyer Sells 'Chip Chop' On Martha's Vin…

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by Khier Casino
Business
Rite Aid Plans To Close 400-Plus Stores, Report Says Rite Aid Plans To Close 400-Plus Stores, Report Says
Rite Aid Plans To Close 400-Plus Stores, Report Says Rite Aid will close 400 to 500 stores as part of a Chapter 11 bankruptcy reorganization, according to a new report. The drugstore chain is now negotiating with creditors to formulate a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, The Wall Street Journal says. Rite Aid is facing over $3 billion in debt and more than a thousand federal lawsuits alleging it oversupplied opioids, the report said. Founded 61 years ago in Scranton, Pennsylvania, Rite Aid moved its headquarters to Philadelphia in 2022. Click here to read the complet…

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by Joe Lombardi
News
COVID-19: Summertime Uptick In Cases, Hospitalizations Reported By CDC COVID-19: Summertime Uptick In Cases, Hospitalizations Reported By CDC
Covid-19: Summertime Uptick In Cases, Hospitalizations Reported By CDC A summertime uptick in both COVID-19 hospitalizations and cases is being reported by the Centers for Disease Control & Prevention (CDC). “After roughly six, seven months of steady declines, things are starting to tick back up again,” said CDC’s COVID incident manager Dr. Brendan Jackson, according to a report by NPR. COVID-hospital admissions during the week ending Saturday, July 22, increased 10.3 percent over the previous week, according to CDC data. In addition, visits to the emergency room were up more than 17 percent and the positive test percentage went up 1.3 perc…

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by Joe Lombardi
Real Estate
Paul Simon, Edie Brickell Sell Fairfield County Estate At $6 Million Loss, Report Says Paul Simon, Edie Brickell Sell Fairfield County Estate At $6 Million Loss, Report Says
Paul Simon, Edie Brickell Sell Fairfield County Estate At $6 Million Loss, Report Says Singer-songwriter Paul Simon and his wife Edie Brickell have sold their Connecticut estate at a significant loss, according to a brand-new report. The Fairfield County property, located in New Canaan, sold for $10.8 million on Friday, July 1, according to listing records, Mansion Global reports. The couple had purchased the 32-acre property from the estate of investor Charles A. Dana Jr. for $16.5 million in 2002, according to the report, which noted that Dana had owned the estate for almost half a century. The Brookwood Lane estate was originally built in 1938. In 2019, Simon and Br…

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by Joe Lombardi
Events
Pittsburgh's Brooke Annibale Bringing 'Bigger, Bolder Sound' To Western Mass Pittsburgh's Brooke Annibale Bringing 'Bigger, Bolder Sound' To Western Mass
Pittsburgh's Brooke Annibale Bringing 'Bigger, Bolder Sound' To Western Mass In a world where tens of thousands of songs come out per day, one pop-folk singer/songwriter hopes her sound will be the one to stand out among the crowd.   Brooke Annibale has been professionally releasing music since she was 23 years old but finally feels like she's in a place where everything is coming together. The now 34-year-old artist will be performing at MASS MoCA in North Adams for the first time on July 2 and says she's been waiting for this moment for a while.  "Any shows right now are things that I'm really looking forward to because for two solid years, there weren't a lot of…

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by David Cifarelli