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The Walt Disney Company announced on Tuesday that Bob Iger is stepping down as the company's CEO, and handing over his position to Bob Chapek effective immediately. Iger been in leadership at Disney for 27 years, 15 years as CEO, and will remain with the company as executive chairman and will direct the Walt Disney's creative endeavors through the end of 2021. “With the successful launch of Disney’s direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is the optimal time to transition to a new CEO,” Mr. Iger said. “I have the utmost confidence in Bob and look forward to working closely with him over the next 22 months as he assumes this new role and delves deeper into Disney’s multifaceted global businesses and operations, while I continue to focus on the Company’s creative endeavors.”Iger's career brought the launch of Disney's streaming service Disney+, the acquisition of 21st Century Fox and the opening of a Disney theme park in China. One of Iger's first moves as CEO was in 2006 with Disney's purchase of Pixar. Iger called last year's launch of Disney+ a success, as the service garnered 26.5 million subscriptions by late December, 1220

Three days after a string of tornadoes struck the Southeast, Alabama rescue teams are looking toward recovery and the families of those who died in the storms are preparing to lay their loved ones to rest.Lee County Sheriff Jay Jones told reporters on Tuesday that heavy equipment is being used to clear debris and that the search and rescue mission will soon move to a recovery status.Meanwhile, two corporations are stepping in to pay for the funerals of all 23 tornado victims in Alabama.Lee County Coroner Bill Harris told CNN affiliate WTVM on Tuesday that both corporations wish to remain anonymous."What a wonderful blessing this will be for the families who have lost loved ones! To these corporations we thank you!" the Lee County Sheriff's Office said on Facebook.Four tornadoes hit central Alabama on Sunday, the National Weather Service in Birmingham said. They left a trail of destruction in their path.It looked "as if someone had taken a blade and just scraped the ground," Lee County Sheriff Jay Jones said.Harris said that of the 23 people who died in the storms, four were children. Those killed ranged in age from 6 to 89.Some families lose manyFor some, the pain of loss is being felt many times over.Erroll Reese told CNN affiliate WRAL that he lost seven members of his family to the tornadoes, and that at least 30 more now are without a home.Reese told the station in a Monday night interview that fifteen of his family members lived on the same street in a lower middle-class area."It's devastating when you think about it," Reese said. "I was sitting there just a while ago thinking, 'How do you handle this, what do you do, who do you reach out to?' And before I knew it, people were reaching out to me trying to help."In another family, Makitha Griffin lost five of her family members to the tornadoes.Her aunts, Florel Tate Stenson, 63, and Tresia Robinson, 62; her uncles, Henry Lewis Stenson, 65, and Raymond Robinson Jr., 63; and her cousin 38-year-old Eric Jamal Stenson were among the nearly two dozen victims of the tornadoes.A cousin who was in the same house as those killed sustained injuries and is now hospitalized, Griffin said.Since Monday, Griffin has been feeding first responders who are searching for the missing and helping those who lost their homes.She says that growing up, she learned the importance of community."Everybody was still family whether they were related or not," she said. "We gotta help our families."Children among the victimsTaylor Thornton, a fourth grader at Lee-Scott Academy, was also among those killed, Stan Cox, the head of the school, confirmed to CNN after meeting with her parents."Very inquisitive, she loved learning and always contributed in a positive way," Cox said. "People were better because they were with her and now our school feels empty without her."The youngest victim was Armando Hernandez, 6, family member Sara Crisp said.Armando, AJ to his family, was described as "a precious little man that was loved by everyone," and who "was always eager to give hugs and loved his family," according to a post on Facebook by his aunt Tina Melton.Cousins Johnathan Marquez Bowen, 9, and Mykala Waldon, 8, were also killed in the tornado.Johnathan's mother, Shamel Hart, told reporters at a news conference about the loss of two children in the family, according to CNN affiliate WRBL."I did a fireman carry over some trees, and when we got there there was a man in a truck, and he jumped out with a chainsaw and started plowing through trees to make a path for my cousin and me to bring our babies to him. He helped with CPR and transport," cried Hart.State looks to recoveryAs of Tuesday, officials said, the number of missing was seven or eight.Dozens of people were injured, with 77 patients from areas affected by the tornadoes hospitalized on Sunday.Six adult patients remain hospitalized at the University of Alabama at Birmingham Hospital, spokeswoman Holly Gainer confirmed to CNN.Four other patients remain hospitalized at East Alabama Medical Center, according to hospital spokesman John Atkinson.Lee County Emergency Management Agency director Kathy Carson told reporters at a Tuesday briefing that there has been an outpouring of offers of assistance. She said authorities are organizing a volunteer reception area for those who want to help.Residents who've lost their homes can get shelter, food and medications, she said."We're here for the citizens. We cannot emphasize enough that we want them to communicate and let us know what they need," Carson said.President Trump said he plans to visit Alabama on Friday."It's a tragic situation but a lot of work is getting done" in tackling the storm damage, he said Tuesday at the White House.The tornadoesThe National Weather Service in Birmingham confirmed that four tornadoes hit central Alabama on Sunday.Tornadoes are measured on the Enhanced Fujita scale from 0 to 5 based on intensity and damage caused.Three of the tornadoes were categorized as EF-1, but the Beauregard-Smiths station in Lee County was an EF-4 with winds of 170 mph.Alabama Gov. Kay Ivey has extended the state of emergency that had been issued last month because of tornadoes and severe weather and made a request for a federal major disaster declaration.Georgia Gov. Brian Kemp declared a state of emergency in Grady, Harris and Talbot counties, in the southern part of the state, where he said almost two dozen homes were destroyed and up to 40 sustained damage. 5495

TJX Companies, which owns stores TJ Maxx, Marshalls, and HomeGoods, is reopening their stores back up.The company began reopening their stores on May 2 after being closed due to the coronavirus pandemic.The parent company temporarily closed all its stores back on March 19.By the end of June, the parent company plans to reopen all of its stores, it said in a 372

Three local law enforcement officers assisting the Secret Service with the presidential motorcade were injured on Tuesday in an apparent accident near Lake Charles, Louisiana. According to a Bloomberg reporter, one of the three officers had serious injuries and was in surgery. The unidentified officer suffered from an arm injury and also lost some teeth. White House spokesperson Sarah Sanders told Bloomberg that the officers were “being treated for injuries at a nearby hospital and are in stable condition."Trump was in Lake Charles on Tuesday for a rally on his energy policy. 596

The US economy added only 75,000 jobs in May, a surprisingly low number that was well below what experts had predicted.Meanwhile, the unemployment rate remained at 3.6%, meaning that joblessness is still hovering near a half-century low.The report supports suspicions that the labor market is finally slowing down from its blistering pace in 2018, with revisions to the past two months subtracting 75,000 jobs. Employers have added 164,000 jobs per month on average in 2019, compared with 223,000 jobs per month last year.Still, economists had expected 185,000 jobs added in May, so 75,000 fell far short of those expectations.The share of people who have jobs or are looking for them remained the same, suggesting that the low number may stem from the difficulty of finding workers after 104 months of continuous job creation. The share of people who can't find enough hours or stopped looking for work because they couldn't find a job decreased to 7.1%, nearing the lowest level on record, 6.8% in October 2000.Wage growth also decelerated slightly, with average hourly earnings rising 3.1% from a year earlier, down from a 3.2% rate a month earlier.Health care and professional and business services were singular bright spots in the report, and have added nearly 900,000 jobs over the past year between them.But construction, mining and manufacturing showed little change from April. Manufacturing has been particularly weak over the past several months, and measures of business confidence in the sector have reached cycle lows as President Donald Trump threatens new tariffs on Mexico. 1603