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Losses are mounting and cash is running short at MoviePass.Helios and Matheson, the owner of the subscription movie service, posted a 6.6 million loss in the second quarter, dwarfing its .7 million loss in the year ago period. It lost 2.47 a share.The company's latest government filing also presented a picture of just how rapidly Helios and Matheson is spending money on the service.It has burned through more than 9 million in cash since the beginning of the year. Most of that money, more than 0 million, has been spent in the last quarter.Meanwhile, the company's cash reserves are dwindling. It has only .5 million in cash on its balance sheet, plus another .7 million held by payments processors. Helios and Matheson warned that "without raising additional capital, there is substantial doubt about the company's ability to continue as a going concern." 888
LOUISVILLE, Ky. (AP) — For the first time, a Black woman will lead Kentucky's Louisville Metro Police Department, which has been heavily criticized since officers fatally shot Breonna Taylor. Mayor Greg Fischer announced on Monday that Yvette Gentry will serve as interim chief. The Courier-Journal reports Gentry is a former Louisville Metro Police deputy chief who retired from the force in 2014. She will be the first woman and third African American to serve as chief. Gentry's appointment comes at a low point in relations between police and Black residents in Louisville. Protesters have marched for more than 100 consecutive days since police raided Taylor's home and killed her. 694
MEXICO CITY (AP) — Mexico has reached a deal with the United States to pay the shortfall in its annual contribution of water from border-area rivers, by transferring rights to water held in border dams that normally supply cities and towns downstream. The agreement announced Thursday allows Mexico to meet the Oct. 24 deadline which, if missed, could have endangered a cross-border water-sharing treaty that greatly benefits Mexico. Mexican officials said they still have enough water in other dams to satisfy drinking water requirements for border cities like Reynosa and Matamoros. 592
Mesa Public Schools’ first priority is the safety and security of our students. The behavior and actions of Jamie Tellez while driving a district bus were inexcusable. As soon as we became aware of the incident, we contacted Mesa Police. That evening, the district also reached out to the families of the children on the bus to ensure their well-being. Mesa Police Department is leading the investigation, and we are working cooperatively with them. Please contact Mesa PD for information regarding the incident and investigation. Tellez worked as a bus driver for Mesa Public Schools since September 2018. Tellez has been placed on administrative leave and will be recommended for termination. 702
Mayor Bottoms & Interim Chief Bryant speak on 8-year-old murdered over the holiday weekend. https://t.co/iCjls5QC47— Atlanta Police Department (@Atlanta_Police) July 5, 2020 185
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