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NEW YORK (AP) — Lord & Taylor is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in the COVID-19 pandemic.Household retail names, many longtime anchors in malls nationwide, were already struggling to keep up with a radical reformation in what people buy, and where they buy it. Much of that activity has moved online.Thousands of store closures forced by the arrival of COVID-19 has proved too much.Lord & Taylor, which began as a Manhattan dry goods store in 1824, was sold to the French rental clothing company Le Tote Inc. last year. Both filed for bankruptcy protection, separately, in the Eastern Court of Virginia on Sunday. 745
NEW YORK -- A Bronx man is facing murder charges after his mother was found dead in their apartment early Wednesday, according to the NYPD.Police say Carmen Aponte, 66, was discovered by her adult daughter around 1:30 a.m. when she came home to the family's apartment on Seneca Avenue, near Faile Street in the Hunts Point section.Responding officers say they found the woman unconscious in her bed with injuries to her head. EMS responded and pronounced the mother dead at the scene.Later Wednesday, police announced Aponte's adult son was arrested in connection with her death.Police believe Steven Castro, 40, struck his mother in the head with an object during a "jealous rage."It was not immediately clear what the object was or what sparked the man's rage.Castro is now facing charges including murder, manslaughter and criminal possession of a weapon, according to police.This story was originally published by Mark Sundstrom at WPIX. 949

NEW YORK (AP) — Uber shares sunk even further after its disappointing stock market debut as doubts lingered over the company's ability to turn a profit and trade tensions dragged down the overall market.The ride-hailing giant's stock fell 10% and hovered around Monday afternoon on Uber's first full day of trading.The mounting losses followed Uber's disappointing initial public offering. On Friday, it took a 7 million hit — the largest loss on the first day of trading by a U.S.-based company in recent history, according to Renaissance Capital.Uber's earliest investors are still making money off the IPO, but "for late-round investors, it's possible by the time they exit they will end up with a loss," said Jay Ritter, finance professor at the University of South Florida.Among the recent big investors — and perhaps losers — is PayPal, which had disclosed plans to buy 0 million in Uber stock at the IPO price of .Uber has had no trouble convincing venture capitalists to pour money into its earlier funding rounds, but with its unclear path to profitability, it's having a more difficult time with Wall Street investors."It's clearly a high-risk, high-reward scenario. You're betting on something that may happen 10 years down the road," said Matt Kennedy, senior IPO market strategist at Renaissance Capital, a manager of IPO exchange traded funds. "Public investors are looking at profits and not seeing any, and the company's growth in the last quarter was relatively strong, but I don't think it blew anyone away."Uber's main U.S. rival, Lyft, is in a similar spiral. Its stock was trading below on Friday, down 33% from its IPO price of .It's rare to see shares in a tech company hit so hard upon going public. Over the past five years, just 10% of similar companies finished their first day of trading below their IPO price, Kennedy said.Uber's revenue last year surged 42% to .3 billion, but the company admits it could be years before it turns a profit. 2000
NEW YORK (AP) — The owner of Eskimo Pie is changing its name and marketing of the nearly century-old chocolate-covered ice cream bar. It is the latest brand to reckon with racially charged logos and marketing.The treat was patented by Christian Kent Nelson of Ohio and his business partner Russell C. Stover in 1922, according to Smithsonian Magazine. Eskimo Pie joins a growing list of brands that are rethinking their marketing in the wake of the Black Lives Matter protests in recent weeks triggered by the death of George Floyd. Quaker Oats announced Wednesday that it will retire the Aunt Jemima brand, saying the company recognizes the character's origins are "based on a racial stereotype." 705
NEW YORK CITY — Police are looking for a man they say assaulted a New York City bus driver who asked him to put on a mask before boarding the Manhattan bus.According to the NYPD, the unidentified man attempted to get on the northbound New York City Transit Authority (MTA) bus near Madison Avenue and East 29th Street around 2:30 a.m. Monday without a mandatory face covering.The bus driver, 62, stopped the man, telling him he had to put on a mask to ride the bus, police said.According to authorities, the man punched the bus driver in the face before fleeing the bus in an unknown direction.The victim suffered pain and swelling and was taken to a nearby hospital for treatment, police said.Face coverings or masks are required on all MTA buses, subways and trains as the city continues to battle the coronavirus pandemic.The NYPD has released the above surveillance images of the man for whom they're searching.This story was originally published by Mark Sundstrom and Rebecca Solomon on WPIX in New York City. 1022
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