Dovel Subsidiary, AceInfo, Awarded USDA Crop Insurance Software Delivery Support Services Task Order

MCLEAN, Va., Oct. 14, 2020 /PRNewswire/ — Dovel Technologies announced today that Ace Info Solutions, LLC (AceInfo) has been awarded a Task Order from the U.S. Department of Agriculture (USDA), Farm Production and Conservation (FPAC) Risk Management Agency (RMA) for Crop Insurance Software Development Delivery Services. The RMA’s mission is to serve America’s agricultural producers through effective, market-based risk management tools and solutions to strengthen the economic stability of agricultural producers and rural communities. In 2019, RMA managed nearly $115 billion worth of insurance liability.

The USDA Crop Insurance Software Delivery Support Services task order, awarded through the USDA FS DAITSS BPA contract vehicle, has a base year plus three option years and an estimated value of $59M. Under this Task Order, AceInfo will provide a full range of software development services to support the development and delivery of new crop insurance products, sustain and modernize current

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Delta Air’s Must-Hold Support Level After Earnings Miss

Delta Air Lines  (DAL) – Get Report shares are under pressure, down about 2% after the Atlanta carrier reported its quarterly results.

That is actually decent price action for the stock, considering what the company turned in.

Revenue plunged 76% in the third quarter and Delta reported a loss of $8.47 a share. That was only marginally better than the prior quarter.

The company posted an adjusted loss of $2.3 billion, “although that figure excluded around $4 billion of charges linked to the pandemic.” 

Also concerning is the fact that management said traffic would likely take at least two years to return to prepandemic levels.

Despite the poor results and the bad news, Delta stock isn’t getting crushed. That has my attention.

Trading Delta Stock

Daily chart of Delta stock.

Daily chart of Delta stock.

Given the current situation, Delta is doing the best it can. But these are

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Hoping to shore up support, Trump directs more money to farmers

It’s been nearly three years since Donald Trump spoke at the American Farm Bureau’s annual convention, where the Republican strutted like a man who assumed he was among adoring fans. “Oh, are you happy you voted for me,” the president said, straying from the prepared text. “You are so lucky that I gave you that privilege.”

It wasn’t long, however, before Trump launched a misguided trade war, which had the predictable effect of hurting much of the domestic agricultural industry. It wasn’t long before we started seeing reports on “farm-state fury” over the White House’s agenda.

The president’s solution has been straightforward: he’s repeatedly directed billions of dollars to farmers, and as the New York Times reports today, “government money is flowing faster than ever” now that Trump needs farmers’ electoral support.

Federal payments to farmers are projected to hit a record $46 billion this year as the White House

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Unviable? Wave of job losses coming as UK cuts COVID support

By David Milliken

LONDON, Oct 13 (Reuters)Like thousands of employers in Britain, Alison Griffin fears she could soon have to lay off more staff at her huge events venue when the government ends its flagship coronavirus job support programme in three weeks.

A planned Oct. 1 reopening of the sector never happened because of a second coronavirus wave, and Griffin’s business in central England will get little benefit from new support measures that the government wants to limit to “viable” jobs.

“It bewilders me,” said Griffin, whose cavernous, glass-walled Telford International Centre has hosted medical conferences, gymnastics tournaments and tattooing conventions, and still has bookings for 2021 and beyond.

The businesswoman cut 20 of her company’s roughly 80 staff from the family-run business at the start of the pandemic.

Now more might follow.

Britain is acting much sooner than European counterparts in scaling back job support, forcing

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Coronavirus support measures for insurance customers extended until December 31

Insurers have confirmed that pledges to support people working from home due to coronavirus and motorists whose habits have also changed because of the pandemic will last until at least the end of this year.

he Association of British Insurers (ABI) said the extra support already in place, which was due to expire at the end of October, has been extended until December 31 2020.

The ABI said this could be of significant help to many of the UK’s 17 million home insurance policyholders and 27 million motor insurance customers.

Under the temporary support measures, if someone is an office-based worker who is working from home because of the pandemic, their home insurance will not be affected. They do not need to contact their insurer to update their documents or extend their cover.

And if someone has to drive to and from their workplace because of the impact of Covid-19,

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Northern England mayors slam UK government’s support package

LONDON (AP) — Mayors representing big cities in northern England have slammed the British government’s latest wage support package for employees in businesses that may be ordered to close as part of efforts to suppress local coronavirus outbreaks.

In a virtual press briefing Saturday, the opposition Labour leaders of the metropolitan areas around Liverpool, Manchester, Newcastle and Sheffield sounded the alarm about the economic hardship their cities are likely to face.

The four leaders vented their frustration at what they consider to be the Conservative government’s secretive and top-down approach to decision making and criticized a failure to provide the scientific reasoning behind anticipated changes to lockdown restrictions.

“The north of England is staring the most dangerous winter for years right in the face,” said Andy Burnham, the mayor of Greater Manchester, a region with a population of more than 2.5 million. “We will not surrender our constituents to hardship

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Kamala Harris cheers Wall Street support as big-money donors line up for Biden

America’s biggest financial institutions are backing Democratic nominee Joe Biden, banking on a “blue wave” to boost the economy, a message that Biden’s running mate, Sen. Kamala Harris, touted during Wednesday night’s debate.

“Joe Biden’s economic plan, Moody’s — which is a reputable Wall Street firm — has said will create 7 million more jobs than Donald Trump’s,” Harris said as she faced off against incumbent Mike Pence.

TRUMP HITS BIDEN ON FRACKING: ‘PENNSYLVANIA WILL NEVER GO FOR HIM’

Despite Biden’s promises to raise taxes on corporations and the wealthy and regulate banks more tightly, he has raked in five times as much as Trump in donations from the securities and investment industry, with an eye-popping sum of $51.1 million. The incumbent has garnered just $10.5 million, according to 

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UK bolsters salary support for those hit by local lockdowns

The British government will pay two thirds of the salaries of workers in companies that have to close as a result of new coronavirus lockdown restrictions, which are widely expected to come into effect next week

LONDON — The British government said Friday it will pay two thirds of the salaries of workers in companies that have to close as a result of new coronavirus restrictions widely expected to come into effect next week.

In a change of policy, Treasury chief Rishi Sunak has responded to calls from businesses, local leaders and unions to provide a financial package to prevent mass job losses in sectors that are expected to be subject to tighter restrictions, such as pubs and restaurants in parts of northern England.

“I have always

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UK government prepares jobs support if firms forced to close

LONDON (AP) — The British government is on Friday set to announce further support for companies to retain staff in the coming months if they are forced to close as a result of new lockdown restrictions.

With the government likely to tighten restrictions on public life over the coming days to deal with a sharp spike in new coronavirus infections, there are growing concerns that the economy will take a new hit and hundreds of thousands of jobs may be lost.

Treasury chief Rishi Sunak said he understood how “people are worried about the coming winter months.”


He is being urged by businesses, politicians and unions to ensure that firms can survive any further lockdown measures and prevent mass unemployment. Specifically, he is being urged to back local job retention programs, whereby the government steps in to pay the lion’s share of the salaries of workers who are forced to

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Land Bank asks South Africa for extra $600 mln support

Adds detail, context

JOHANNESBURG, Oct 8 (Reuters)Struggling state-owned agricultural lender Land Bank has asked South Africa for an extra 10 billion rand ($603 million) of government support over the next few years.

Land Bank, which has already had a 3 billion rand state cash injection in the 2020/21 fiscal year, has been in talks with creditors since it defaulted on its debt in April.

“We have proposed R7 billion in 2021/22, and R1 billion per annum for the following three financial years for development,” Land Bank told Reuters in an emailed response to questions.

Land Bank is also planning an asset reduction programme, it said in a presentation to parliament this week.

State firms have been a long-term drain on the finances of Africa’s most industrialised economy, requiring bailouts at a time of weak economic growth which have helped to tip its sovereign credit rating into “junk”

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