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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
Congratulations to @SpeakerPelosi, once again elected by House Democrats to be our fearless leader and nominee for Speaker of the House for the 117th Congress! #DownWithNDP #ForThePeople— House Democrats (@HouseDemocrats) November 18, 2020 247
CINCINNATI, Ohio - Cincinnati Reds and Fox Sports Ohio broadcaster Thom Brennaman tells WCPO he has resigned from his position more than one month after he was suspended for using a homophobic slur on air.“My family and I have decided that I am going to step away from my role as the television voice of the Cincinnati Reds,” Brennaman wrote to WCPO. “I would like to thank the Reds, Reds fans, and the LGBTQ community for the incredible support and grace they have shown my family and me.“Brennaman has been suspended from the Cincinnati Reds since the Aug. 19 incident. He had been with the Reds since 2006.“I have been in this profession that I love for 33 years,” he wrote. “It is my hope and intention to return. And if I'm given that opportunity, I will be a better broadcaster and a much better person.“WCPO reached out to the Cincinnati Reds and Fox Sports Ohio for comment."The Reds respect Thom Brennaman’s decision to step away from the broadcast booth and applaud his heartfelt efforts of reconciliation with the LGBTQ+ community," team CEO Bob Castellini wrote in a statement. "The Brennaman family has been an intrinsic part of the Reds history for nearly fifty years. We sincerely thank Thom for bringing the excitement of Reds baseball to millions of fans during his years in the booth. And, we appreciate the warm welcome Thom showed our fans at Redsfest and on the Reds Caravan. He is a fantastic talent and a good man who remains part of the Reds family forever. We wish him well."The incident happened when the broadcast was returning from a commercial break before the top of the seventh inning in the first game of a doubleheader against the Kansas City Royals. An off-camera Brennaman described an unknown city as "one of the (expletive) capitals of the world" during the broadcast.Fox Sports Ohio later clarified that the audio-only went out to viewers streaming the game, not on over-the-air television.Brennaman apologized later in the second game before leaving the broadcast booth.“I made a comment earlier tonight that I guess went out over the air that I am deeply ashamed of,” Brennaman said. “If I have hurt anyone out there, I can’t tell you how much I say, from the bottom of my heart, I’m so very, very sorry. I pride myself and think of myself as a man of faith … I don’t know if I’m going to be putting on this headset again.”Following a column by WCPO 9 News anchor Evan Millward about the history and context of the slur, Brennaman penned another apology.Thom, the son of Hall of Fame broadcaster Marty Brennaman, has been with FOX Sports for the past 27 years, covering primarily baseball and football during that time.FOX Sports removed Brennaman from its NFL season after the incident.“FOX Sports is extremely disappointed with Thom’s remarks during Wednesday’s Cincinnati Reds telecast,” the network said in a statement. “The language used was abhorrent, unacceptable, and not representative of the values of FOX Sports. As it relates to Brennaman’s FOX NFL role, we are moving forward with our NFL schedule which will not include him.”Brennaman had been a part of Fox’s NFL announcer lineup since they started televising the league in 1994. He was part of the No. 3 announcer team last season and was paired with analyst Chris Spielman and reporter Shannon Spake. He had also called Major League Baseball games for the network from 1996 to 2014.Although most regional networks still carry the Fox Sports name, they are not owned by Fox. Sinclair Broadcast Group bought them in 2019.“I am grateful for the forgiveness so many have extended to me, especially those in the LGBTQ community who I have met, spoken with and listened to almost daily over the last five week,” Brennaman wrote Friday. “With their continued guidance, I hope to be a voice for positive change.”Brennaman declined to speak on camera with WCPO about the incident or resignation on Friday afternoon.This story was first reported by Evan Millward at WCPO in Cincinnati, Ohio. 3996
Citigroup has terminated a manager following an investigation into his role operating a prominent website dedicated to QAnon conspiracy theory, according to Bloomberg.Jason Gelinas was placed on paid leave in mid-September after he was identified by Logically.ai as the operator of QMap.pub and it’s affiliated apps.“Mr. Gelinas is no longer employed by Citi,” the company said in a statement to Bloomberg. “Our code of conduct includes specific policies that employees are required to adhere to, and when breaches are identified, the firm takes action.”Gelinas was a manager in Citigroup;s technology department. The company says employees have to disclose outside business activity where they receive compensation.Gelinas was reportedly earning about ,000 a month from a crowdfunding site supporting the QAnon site he ran. He says the money helped cover the monthly operating costs.QMap once drew a reported 10 million visitors a month over the summer. Once Gelinas was identified, the site was taken down.QAnon began a few years ago as a single conspiracy theory. It has grown in both followers and beliefs since then.The main conspiracy claims dozens of politicians and A-list celebrities work with governments around the world to engage in child sex abuse. Followers also believe there is a “deep state” effort to kill President Donald Trump.Shared conspiracies of the group now include baseless theories on mass shootings and elections. 1452
CRAWFORDSVILLE, Ind. — An Indiana man has been charged with murder after he allegedly killed and decapitated his wife.Police arrested Michael Parks of Crawfordsville on Friday after investigators found his wife's body and severed head, according to court documents filed Monday.On Aug. 20, the Montgomery County Sheriff's Office received a report of a deceased woman, identified as Hope Parks, whose headless body was found on County Road 225 on the Sugar Creek Bridge.Michael Parks told Crawfordsville police his wife had been missing since Aug. 18 following an argument. He said the last time he saw her was when she left their house and got into a silver or white Honda that was driven by an unknown person.During a search of the couple's house, police found dried blood in the gravel driveway in front of an overhead garage door, on the garage floor with a shoe print and on an exterior deck. Officers also discovered a trail of dried blood in the grass.Later in the day, investigators found a human head with a bullet wound buried in the cellar of the house.Police also found a .22 caliber rifle and ammunition, which matched a spent .22 caliber cartridge casing that was found in the yard next to a trail of blood. A phone believed to have belonged to Hope Parks was found in a safe in the home's bedroom. Investigators also found a man's shoe with tread similar to the footprint in the blood droppings in the garage.The next day, investigators discovered a blue tarp that was stained with blood, along with hair and plastic bags containing blood-covered rags that were found in the hole where the severed head was buried.An initial hearing for Michael Parks was held Tuesday. His jury trial is scheduled to begin Jan. 12, 2021.This story was originally published by Daniel Bradley at WRTV. 1804