close video Florida CFO Jimmy Patronis on Disney v. DeSantis drama: Disney ‘has a Disney problem’
Florida Chief Financial Officer Jimmy Patronis discusses a state law prohibiting banks from using political factors in lending decisions, the DeSantis vs. Disney battle and the jobs boom.
The Walt Disney Company announced Senior Executive Vice President and Chief Financial Officer Christine McCarthy is stepping down and will take a medical leave of absence.
ROUND 3 OF DISNEY JOB CUTS STARTINGTicker Security Last Change Change % DIS THE WALT DISNEY CO. 91.82 -1.16 -1.25%
McCarthy has also butted heads with company CEO Bob Iger and other top executives over strategy, including how the company spends money on content and a restructuring plan to streamline the entertainment giant, a person familiar with the matter told The Wall Street Journal.
Christine McCarthy, senior executive vice president and chief financial officer of The Walt Disney Co., listens during the Milken Institute Global Conference in Beverly Hills, California, on April 29, 2019. (Kyle Grillot/Bloomberg via Getty Images / Getty Images)
"Although I am leaving the CFO role, I look forward to helping with the transition and will always be rooting for the success of my extended Disney family, who have shown time and again that determination, teamwork and the pursuit of excellence are an unstoppable combination," McCarthy said in a press release.
Disney CEO Bob Iger attends a basketball game between the Los Angeles Clippers and the Phoenix Suns at Crypto.com Arena in Los Angeles on April 20, 2023. (Allen Berezovsky/Getty Images / Getty Images)
DISNEY CEO BOB IGER BLASTS FLORIDA GOV. DESANTIS FOR 'RETALIATING' AGAINST COMPANY
Meanwhile, Iger said McCarthy is "one of the most admired financial executives in America, and her impact on The Walt Disney Company during 23 years of dedicated service cannot be overstated."
McCarty was reportedly one of the executives who persuaded Iger to return as CEO after a tumultuous tenure under Bob Chapek amid social and political firestorms including the media giant's battle with Florida Gov. Ron DeSantis.
Disney CEO Bob Chapek attends the 94th Annual Academy Awards at Hollywood and Highland in Hollywood, California, on March 27, 2022. (David Livingston/Getty Images / Getty Images)
DISNEY SHARES SLIDE AS STREAMING SUBSCRIBERS DROP
Effective July 1, Disney Executive Vice President and Chief Financial Officer of Disney Parks, Experiences and Products Kevin Lansberry will take over the job and serve as the company’s Interim CFO.
Disney .
Disney shares have gained over 5% this year, trailing the S&P 500.
The Kessler Twins, German sisters famous across Europe for their singing and dancing, have died together through assisted means, local police have said.
Content warning: this article contains references to suicide
Munich officers said in a statement on Tuesday that Alice and Ellen Kessler had died by “joint suicide” at their shared home in Grunwald. They were 89.
The German Society for Humane Dying, a group in support of assisted dying, told Sky’s US partner network NBC News that the sisters had “been considering this option for some time”.
It added they had been members for more than a year and that “a lawyer and a doctor conducted preliminary discussions with them”, and said: “People who choose this option in Germany must be absolutely clear-headed, meaning free and responsible.
“The decision must be thoughtful and consistent, meaning made over a long period of time and not impulsive.”
In an interview last year with the Italian news outlet Corriere della Sera, the sisters said they wished to die together on the same day.
Image: Alice and Ellen Kessler on stage in Stuttgart on 21 November 2006. File pic: AP
A ban on assisted dying in Germanywas overturned by the country’s federal court in 2020.
While the practice is not explicitly permitted, judges said at the time the previous law outlawing it infringed on constitutional rights.
Alice and Ellen were born in 1936 and trained as ballet dancers in their youth. They began their entertainment careers in the 1950s after their family fled from East Germany to West Germany.
Professionally known as The Kessler Twins, they were then discovered by the director of the Lido cabaret theatre in Paris in 1955, launching their international career.
In 1959, the sisters also represented a now-unified Germany at the Eurovision Song Contest, held in Cannes, France.
The US Department of Energy’s Loan Programs Office (LPO) closed a $1 billion loan to restart Three Mile Island Unit 1, a nuclear reactor at Three Mile Island in Londonderry Township, Pennsylvania.
The money is being loaned to Constellation Energy Generation, which is renaming the 835 megawatt (MW) Three Mile Island Unit 1 the Crane Clean Energy Center. Constellation said in September 2024 that it would restart the reactor under a power purchase agreement with Microsoft, which needs more clean power to feed its growing data-center demand.
The project is estimated to cost around $1.6 billion, and the DOE says the project will create around 600 jobs. The reactor is expected to start generating power again in 2027.
Three Mile Island Unit 1 (in the foreground in the photo above) went offline in 2019 because it could no longer compete with cheaper natural gas, but it wasn’t decommissioned. It’s capable of powering the equivalent of approximately 800,000 homes. It’s on the same site as the Unit 2 reactor (in the background in the photo above) that went into partial nuclear meltdown in 1979, and is known as the worst commercial nuclear accident in US history.
Advertisement – scroll for more content
When asked about the loan’s timing, Greg Beard, senior adviser to the Loan Programs Office, told reporters on a call that it would “lower the cost of capital and make power cheaper for those PJM [Pennsylvania-New Jersey-Maryland] ratepayers.” Data centers are driving up electricity costs for consumers.
If you’re looking to replace your old HVAC equipment, it’s always a good idea to get quotes from a few installers. To make sure you’re finding a trusted, reliable HVAC installer near you that offers competitive pricing on heat pumps, check out EnergySage. EnergySage is a free service that makes it easy for you to get a heat pump. They have pre-vetted heat pump installers competing for your business, ensuring you get high quality solutions. Plus, it’s free to use!
Your personalized heat pump quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here. – *ad
FTC: We use income earning auto affiliate links.More.
An affordable Bronco EV? Not for those in the US. Ford opened orders for the electric Bronco in China, starting at under $33,000.
Ford Bronco electric pre-orders open at under $33,000
Ford announced the All-Wheel Drive electric SUV is officially open for pre-sale on Tuesday, starting at RMB 229,800 ($32,300).
The electric Bronco is available in pure electric (EV) and extended range electric vehicle (EREV) options. It’s offered in three variants, priced from RMB 229,800 ($32,300) to RMB 272,800 ($38,400).
All models are All Wheel Drive, while the pure electric version costs an extra 10,000 yuan ($1,400). Ford is offering pre-sale buyers some pretty sweet benefits, including a camping experience package (with an added roof tent), a Mountain Kitchen Multi-Function Tailgate gift, an overnight stay package (for your vehicle), and more.
Advertisement – scroll for more content
The electric Ford Bronco is about the same size as the standard 4-door version sold in the US at 5,025 mm long, 1,960 mm wide, and 1,815 mm tall.
The electric Ford Bronco (Source: Ford)
Although it may look the same, the EV version draws power from a 105.4 kWh LFP battery pack from BYD’s FinFreams, providing up to 650 km (404 miles) CLTC driving range.
It’s equipped with two electric motors, one in the front and the other in the rear, producing a combined 445 horsepower (332 kW).
The electric Ford Bronco (Source: Ford)
The EREV version combines a 43.7 kWh battery with a 1.5T engine, delivering a pure-electric range of 220 km (137 miles) and a combined CLTC driving range of 1,220 km (758 miles).
Some of the higher trims feature Ford’s Fuyu ADAS system, developed exclusively for buyers in China with a roof-mounted LiDAR and over 30 sensors and cameras. It even features a cool “off-road logbook” that shows drivers over 20 popular routes across China.
The interior is custom-tailored for Chinese buyers with a 15.6″ central infotainment and a smaller driver display screen. It also offers a massive 70″ AR head-up display (HUD).
Unlike the Ford vehicles we’re accustomed to seeing, the electric Bronco includes a 7.5L refrigerator in the center console.
The AWD electric SUV is coming at a critical time as Ford aims to revamp its business in China. Ford is working with local partners on new technologies, designs, and powertrain ideas for global markets.
Ford’s sales in China are down by over 14% through October this year, but new electrified vehicles, including the Bronco, are expected to help turn things around. Ford’s lineup in China mainly consists of gas-powered vehicles, which have quickly fallen out of favor with buyers shifting to more advanced, more efficient, and often lower-priced domestic EVs.
FTC: We use income earning auto affiliate links.More.