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WESTLAKE VILLAGE (CNS) - Westlake Village-based Guitar Center, the country's largest retailer of instruments and musical equipment, joined a growing list of companies impacted by the economic toll of the COVID-19 pandemic, filing for bankruptcy, according to a report Sunday.Guitar Center has about 300 stores across the U.S., and its sister brands include Music & Arts, which has more than 200 stores specializing in band and orchestral instruments for sale and rent, according to the Los Angeles Times.The filing in the Eastern District of Virginia gives the company a break on its debts by letting it stay in business as it seeks to carry out a restructuring plan, the Times reported.According to the report, a restructuring support agreement announced Nov. 13 requires new financing backed by existing creditors, in addition to 5 million in new equity investments from its parent company, Ares Management Corp., as well as the Carlyle Group and Brigade Capital Management.Moody's Investor Service explained that the coronavirus shutdown has hit nonessential retailers hard, and that Guitar Center was particularly vulnerable because musical instruments are highly discretionary item. The company's stores were shut down in mid-March when the pandemic began in earnest. Since then, the Times reported, it has reopened some locations while maintaining online operations.Guitar Center claims it has liabilities of between billion and billion, with a similar range for its assets, according to the filing.According to the report, Ares acquired the company in 2014 in an out-of-court restructuring of Guitar Center's substantial debt load, the result of a deal by Bain Capital LP in 2007 to take it private. 1728

When Villanova won its 2016 national championship, the Wildcats needed a bucket at the buzzer to secure the victory. On Monday, no such shot was needed. Villanova gained the lead in the first half of Monday's national title game against Michigan and never looked back, as the Wildcats representing a relatively small private Philadelphia university defeated the flagship state university of Michigan by a 79-62 margin. The win marked Villanova's second title in three seasons under coach Jay Wright. No team has won two titles in three seasons since Florida won back to back titles in 2006 and 2007 under Billy Donovan. Despite other heavy favorites getting tripped up throughout March Madness, Villanova was barely tested in the 2018 NCAA Tournament. Villa nova won all six of its tournament games by double figures. Michigan, on the other hand, did not have to face a top-five seeded team until Villanova in the NCAA Tournament. Michigan came into Monday's game with a 14-game winning streak.That did not mean Michigan wasn't tested. The Wolverines eked out two wins by less than four points in this year's tournament. Michigan trailed by double figures in Saturday's game against Loyola-Chicago in the Final Four, before pulling ahead to win by double figures.Donte DiVincenzo, who did not play in the 2016 national title game for Villanova, led the way on Monday by scoring 31 points for Villanova. DiVincenzo's 3 with 6:08 left in the first half gave Villanova a 23-21 lead. Villanova would not relinquish the advantage for the remaining 26:08 of the game. Villanova led 37-28 at halftime, after Michigan trailed by just two with 3:34 left in the half. Within two minutes of the second half, Villanova opened a 14-point lead, causing Michigan to call a timeout. The timeout failed to stop the bleeding, as Villanova out-hustled Michigan for loose balls and rebounds.  1935

Wisconsin authorities are urging hunters to be on the lookout for clues related to missing 13-year-old Jayme Closs, whose parents were found fatally shot last month in their home."As hunting season opens on Saturday, we ask that hunters report anything suspicious such as clothing, weapons or anything you think it just not right on your property," the Barron County Sheriff's Department said this week in a statement.The bodies of Jayme's parents, James and Denise Closs, were discovered October 15 after a mysterious 911 call led deputies to their home in northwestern Wisconsin. No one spoke during the call, but the dispatcher heard yelling in the background.When the dispatcher called back, the call went to Denise Closs' voicemail. Police arrived to find the door kicked in, but Jayme was nowhere to be found, and investigators believe she was abducted and may be in danger.Thousands of people have joined search parties for Jayme, and the FBI is offering a reward of ,000 for information on her whereabouts.Investigators continue to follow up on leads, review recovered video from the area and explore digital evidence, authorities said."There is still hope in this department on this case, and the community support and prayers that we have been given continues to fuel our drive and determination to bring Jayme home," the sheriff's office statement said. 1375

White House counsel Don McGahn's 30 hours of conversations with special counsel Robert Mueller's team has unnerved President Donald Trump, who didn't know the full extent of McGahn's discussions, two people familiar with his thinking said.The meetings only add complications to the already-fraught relationship between the President and the White House's top lawyer. And as nervous aides await a verdict in former Trump campaign chairman Paul Manafort's trial and watch with trepidation the inauspicious public relations blitz carried by lead attorney Rudy Giuliani, uncertainty surrounding the President's handling of the Russia investigation abounds.Trump was spending another weekend at his New Jersey golf club when The New York Times first reported McGahn's cooperation with Mueller's office, which is investigating Russian attempts to interfere in the 2016 election. 880

WIMAUMA, Fla. — A Florida deputy surprised a mother with new car seats instead of issuing her a ticket.Hillsborough County Deputy Jacky Nguyen was running traffic enforcement when he pulled over a mother for a minor traffic violation."As I approached the car, I saw two children in the backseat. They were without a car seat and looked to be young," said Deputy Nguyen.The deputy issued the mother a warning for the traffic violation but noticed her children, ages 3 and 5, were not properly restrained in the backseat."Just through conversation, I realized she may have been through some financial difficulties, She mentioned car seats are quite expensive, which they are," said Nguyen.Nguyen has a 5-year-old son himself. 731