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Claire's has filed for bankruptcy. The hub for ear piercings at malls across America is the latest retailer to succumb to its massive pile of debt.Claire's, which says it has pierced more than 100 million ears around the world, reached a restructuring agreement with its creditors. In a Chapter 11 bankruptcy filing on Monday, Claire's said it will reduce its by debt .9 billion. It held .1 billion in debt at the end of 2017.The company will continue to operate its approximately 1,600 Claire's and Icing brand stores in the United States during the bankruptcy process and expects to complete it by September. International stores are not part of the restructuring agreement."This transaction substantially reduces the debt on our balance sheet," Claire's CEO Ron Marshall said in a statement. "We will complete this process as a healthier, more profitable company." Marshall came from now-defunct bookstore chain Borders. Claire's struggles stem from a deal it struck more than a decade ago that left it burdened with debt.In 2007, Apollo Management, a private equity firm, bought Claire's for .1 billion and took the company private in what's known as a leveraged buyout.Claire's could never escape its debt load. As traffic slowed to its brick-and-mortar stores, shoppers moved to digital channels and fast fashion chains such as H&M, Zara and Forever 21 chipped away at sales.Claire's joins a long line of retailers that have filed for bankruptcy in recent years, including Toys "R" Us, Payless Shoes, Gymboree, Rue21, The Limited and RadioShack.Toys "R" Us, another company left deep in debt from a leveraged buyout, said last week that it was liquidating its 735 stores in the United States.Claire's believes a lighter balance sheet will help it avoid Toys "R" Us' fate and still remain a "Girl's Best Friend." And the company says its business is Amazon-proof because you can't pierce your ears online.The-CNN-Wire 1940

CORONADO (KGTV): Five trees at Coronado's Spreckels Park may need to be cut down before they fall down.The trees, all of them Sugar Gum Eucalyptus, are either at "High" or "Moderate" risk of failure, according to an arborist's report presented to the City Council last week.One tree, the one deemed the highest risk, is already scheduled for demolition. That will happen Tuesday, starting at 6 am. That tree is in the Northeast corner of the park.The other four will be monitored, including two trees with branches that hang over the children's playground.The city hired West Coast Arborist to study all 95 trees in the park after a pine tree collapsed in September.City Code gives the Department of Public Services the authority to decide which trees should or should not be cut down. According to the rules, trees will be removed if they present, "a condition that is hazardous, are in declining or poor health and the condition cannot be corrected by pruning or any other means."Since 2010, the city has removed nine trees from the park. Five other trees have either fallen or had branches fall off. 1115

CNN anchors Poppy Harlow and Jim Sciutto were covering the suspicious packages sent to the Clintons and the Obamas when the fire alarm sounded inside their New York City studio.There was another package -- and it was inside the building where they were broadcasting.Over the loudspeaker, CNN staffers were told to evacuate the building. Right over Harlow's shoulder, viewers could see staffers grabbing their coats and walking out to the lobby."There's a fire alarm here," Harlow said. "We'll be right back," Sciutto said, tossing to a commercial break.Police officers were already arriving outside.The suspicious device was delivered to the mailroom of CNN's parent company, WarnerMedia, around 9:30 a.m. ET on Wednesday, according to a WarnerMedia executive.It "appeared to be a pipe bomb," the executive said. It was addressed to John Brennan, the former CIA director, who is a commentator on NBC and MSNBC.The fire alarm was audible on TV at 10:09 a.m. The entire WarnerMedia operation in New York was evacuated, from CNN's offices and studios on the lower floors to the corporate suites upstairs.CNN had to scramble to keep the 10 a.m. newscast on the air. When the anchors heard the fire alarm, they asked a question to a remote guest, Tom Fuentes, which gave them a moment to size up the situation. Then they tossed to commercial and evacuated.The newscast is usually produced out of a control room in Atlanta, which is why there was no interruption in programming. In the control room, executive producer Michelle Moryc lined up correspondent Rene Marsh, who was standing by for a live shot in the DC bureau, to substitute anchor.In her wall of monitors, Moryc also saw reporter Shimon Prokupecz in front of another camera in the Washington bureau. He had just been on the air covering the other suspicious packages. He was now gathering information about the situation at Time Warner Center.So when the newscast came back from commercial, Marsh explained the evacuation in New York and tossed to Prokupecz for more information. 2064

Crews at a construction site in Denver, Colorado, are working around the clock, trying to keep up with an increased demand by building more housing.“It’s getting really interesting out there isn’t it,” said Stephen Myers CEO at Thrive Home Builders.Myers says though the real estate market is booming across the country, an increased cost of lumber is cutting into builders’ profits.“The increase is ,000 to 12,000 per house,” he said of his current project. “And we’re concerned about the ultimate price impact for our buyers.”According to the National Association of Home Builders, the price of lumber has increased by 173% since mid-April to an all-time high in August.“Without a doubt, the housing prices will go up because lumber is a very important input of houses,” said Kishore Kulkarni, Ph.D. a professor of economics at MSU Denver.Kulkarni says there’s multiple reasons why lumber prices have skyrocketed during the last few months, including higher transportation costs, some lumber mills shutting down, low interest rates and more people looking to purchase homes during the pandemic.“The supply of lumber is having a lot of bottlenecks because of COVID-19,” he said,This is pushing up the price of a typical new home by more than ,000, according to the National Association of Home Builders.Back on the job site, Myers’ team is pulling out the blueprints and looking for ways to offset higher lumber prices.“Hopefully the lumber supply can rise to the occasion to meet the increased demand,” Myers said.While crews continue to frame new houses, experts predict the cost of lumber won’t level.So, for now, prices will continue going through the roof. 1676

CLEVELAND — Several Ohio Department of Transportation cameras captured an apparent meteor flash Wednesday morning.The astronomical event was seen throughout Ohio, with some Twitter users reporting their first sighting at around 6:30 a.m. local time.In the southeast portion of the state, Luke Starner of Lancaster, Ohio, captured a dazzling video of the fireball streaking across the sky from a camera at his home. Raw video of fireball in the sky over Ohio Saw one during my jog this morning in Brunswick. Just a big flash of color and gone. Lit up the ground and left a small smoke trail that looked like a cheese puff— chaser (@chaser84) September 30, 2020 ODOT cameras caught a brief, bright flash of light, with sightings reported brighter in eastern Ohio. Here's a shot of the meteor flash from an https://t.co/y2mdfibYhI camera in Columbus this morning. pic.twitter.com/CmVhbBSAWn— Matt Bruning (@mbruning81) September 30, 2020The flash was captured on an ODOT camera near Youngstown, in the northeast part of Ohio. You can't see the meteor, but you can see the flash. This is from one of our https://t.co/y2mdfibYhI cameras in the Youngstown area. pic.twitter.com/XISDwshr1K— Matt Bruning (@mbruning81) September 30, 2020According to the American Meteor Society (AMS), the event was spotted all over the East Coast and Midwest, including Ohio, D.C., Kentucky, New York, Ontario and West Virginia.The AMS received more than 260 reports about what it calls a "fireball event" over Ohio at around 6:24 a.m. EDT.The current meteor shower is called Southern Taurids, which is active now through Nov. 20, according to AMS.The AMS said several thousand meteors of fireball magnitude occur in the Earth's atmosphere each day. The vast majority occur over oceans and uninhabited areas. When fireballs occur at night, they stand little chance of being seen due to the lower number of persons out to notice them.This story was originally published by Kaylyn Hlavaty on WEWS in Cleveland. 1994

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