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Papa John's tanked Tuesday after a report that a plan to sell the company has fallen apart.The Wall Street Journal reported that the asset manager Trian Management Funds is no longer interested in bidding for the company. According to the Journal, others are still considering taking a stake in the company, but not a total purchase.Papa John's (PZZA) stock was down 10% at market close Tuesday.Papa John's declined to comment for this story. Trian did not immediately respond to a request for comment from CNN Business.Rumors have been swirling for weeks about potential buyers for the company. Each report has caused shares of the company to spike. The Journal reported Trian's interest last month.Without a buyer, the struggling pizza company will have to find a way to convince investors that it can solve its problems on its own, and beat out competitors Domino's and Pizza Hut. That's a tall order.The company has been working hard to distance itself from controversial founder John Schnatter, who resigned his role as chairman in July after news broke that he had used the N-word on a conference call.Papa John's said earlier this month that same-store sales in North America fell by 9.8% during the most recent quarter. Total revenue dropped 15.7% from a year earlier to about 4 million.Schnatter also stepped down as CEO at the end of last year after he caused a controversy by blaming the NFL for poor pizza sales. Schnatter said sales were hurt by the way the league handled players' kneeling during the National Anthem in protest of racial injustice.Since then, Papa John's hasn't been able to regain its momentum, and sales have continued to slip.Other pizza sellers have struggled this quarter. Pizza Hut's sales were flat, and though Domino's (DPZ) reported domestic and international same-store growth, the company missed analyst expectations.But Pizza Hut and Domino's are better equipped to win the pizza wars. Domino's has invested heavily in tech, and Pizza Hut is bolstering its partnerships. Pizza Hut replaced Papa John's as the NFL's official sponsor earlier this year. 2159
Pharmacy chains CVS and Walgreens announced on Monday that they have started administering coronavirus vaccines to those living and working in assisted living facilities.The announcement comes on the same day Modern’s coronavirus vaccine began being administered throughout the US. Moderna’s vaccine was the second to receive an emergency use authorization from the FDA. Last week, Pfizer’s coronavirus vaccine began being administered nationwide."Today's rollout is the culmination of months of internal planning and demonstrates how the private sector can use its expertise to help solve some of our most critical challenges," said Larry J. Merlo, President and Chief Executive Officer, CVS Health. "I'm grateful for the herculean efforts of everyone involved, including our health care professionals who will be deployed throughout the country to bring peace of mind to long-term care facility residents, staff, and their loved ones."Pharmacy chain Walgreens said last week that it will be working with 35,000 assisted care facilities throughout the US in the coming weeks and months in administering the coronavirus vaccine. Last week, CVS announced plans to vaccinate those working or living in 40,000 assisted living facilities.Walgreens expects to vaccinate 3 million residents and staff at facilities throughout the US. CVS did not announced how many people they expect to vaccinate through the program.Walgreens said it will be administering coronavirus vaccines to residents and staff at 800 facilities spread across 12 US states this week.CVS and Walgreens are expected at some point to administer the coronavirus vaccine to the general public, but when is still a major question. Currently, a limited number of vaccines are making their way to health care workers and those living and working in assisted living facilities.President-elect Joe Biden said his administration’s goal is to have 100 million Americans vaccinated by the end of April, but that figure represents less than one third of the US population.“Walgreens is very proud to be a part of this historic milestone to begin administering Pfizer’s COVID-19 vaccine to our most vulnerable populations,” said John Standley, president, Walgreens. “With more than a decade of experience administering various vaccines, we have the deep expertise to support this unprecedented effort to allow our nation to emerge from this pandemic.” 2411
PASADENA, Calif. (CNS) - With the coronavirus pandemic still raging in Southern California, the 2021 Rose Parade was officially canceled Wednesday, but the fate of the Rose Bowl Game remains in limbo."The health and well-being of our parade participants and guests, as well as that of our volunteer members, professional staff and partners, is our number one priority," Bob Miller, president of the Pasadena Tournament of Roses Association said in a statement. "Obviously this is not what any of us wanted, and we held off on announcing until we were absolutely sure that safety restrictions would prevent us from continuing with planning for 132nd Rose Parade."It's only the fourth time since 1891 that the parade has been canceled, with the three previous cancellations occurring during the wartime years of 1942, 1943 and 1945.Although the New Year's Day tradition was technically still months away, planning for the elaborate floral floats that highlight the event -- and arranging for the often international travel of participating marching bands and equestrian groups -- is a nearly yearlong process, necessitating an early decision on whether to hold the event. Tournament of Roses officials noted that the state's economic-reopening guidelines appear to be a long way off from permitting large public gatherings such as a parade.David Eads, Tournament of Roses executive director/CEO, said planning is continuing for the Rose Bowl Game, but uncertainty still looms over the college football season."We continue to work with the College Football Playoff and our collegiate partners to explore what this year's college football season will look like amidst COVID-19 and social distancing guidelines," Eads said in a statement. "While the safety and well-being of the student athletes, university personnel and fans is our top priority, we remain hopeful that the `Granddaddy of Them All' will take place on New Year's Day."Pasadena Mayor Terry Tornek called the decision "extremely disappointing.""However, we also know that we must act responsibly to protect our community in the face of the COVID-19 pandemic," Tornek said. "We look forward to working with the Pasadena Tournament of Roses on their re-imagined New Year celebration, as well as the return of the Rose Parade on January 1, 2022."Tournament of Roses officials said they are working to develop plans for a "new kind of New Year celebration" for fans of the annual parade."Each year, the country turns its eyes to Pasadena for America's New Year celebration and we plan to deliver on that important promise," Eads said. "We may not be able to host our traditional five-mile march down Colorado Boulevard, but we are exploring new and safe ways we can collectively share in the celebration, and we look forward to announcing further details about our exciting new plans in the coming weeks." 2869
Our staff at Little Caesars Arena is committed to providing a first-class guest service experience and we appreciate our guests’ feedback. We spoke with the guest and satisfied a concern regarding the admittance of breast pumps from last Friday’s Ariana Grande concert. Little Caesars Arena has a policy that allows guests to bring breast pumps and other medical equipment into the venue, and provides a Mothers Room, located on the concourse for use by nursing mothers. This policy has been reinforced with the guest service staff to avoid any future misinterpretations. 579
PINE BLUFF, Ark. (AP) — Authorities say a police officer has been fatally shot and another was injured in an exchange of gunfire at an Arkansas hotel. Pine Bluff Chief Kelvin Sergeant says Officer Kevin Collins was killed in the shooting Monday afternoon at the EconoLodge in Pine Bluff, about 40 miles southeast of Little Rock. Lt. Ralph Isaac was also injured in the shooting and is in stable condition. Police say the shooting involved three officers and one suspect. Authorities have provided no details about the suspect or investigation, including whether any arrests have been made. Collins was with the department for five years. 645