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Tailored Brands, which owns Men's Wearhouse and Jos. A. Bank, announced on Tuesday that they would be closing up to 500 stores due to the coronavirus pandemic.The company said in a press release that they would cut 20% of its corporate jobs by the end of the fiscal second quarter.“We have safely reopened almost all of our retail stores and look forward to helping our customers look and feel their best for their moments that matter," Tailored Brands President and CEO Dinesh Lathi said in the press release. "Unfortunately, due to the COVID-19 pandemic and its significant impact on our business, further actions are needed to help us strengthen our financial position so we can navigate our current realities. It is always difficult to eliminate jobs and say farewell to our friends and colleagues. I want to thank our teammates affected by these changes as well as those who continue to help us meet the challenges currently facing our industry and who remain dedicated to serving our customers.”The clothing company also announced that Chief Financial Officer Jack Calandra was leaving on July 31 and they appointed restructuring consultancy AlixPartners managing director Holly Etlin as their Chief Restructuring Officer. 1236

Tennis star Venus Williams has reached a settlement in the wrongful death suit centered around a fatal car accident, according to court documents.The accident, in which the other driver's Hyundai Accent crashed into Williams' Toyota Sequoia, resulted in the death of Jerome Barson two weeks later. His wife, Linda, was driving and was injured when the crash happened at an intersection in Palm Beach Gardens.Court filings from last week show that the case was dismissed with prejudice after a settlement was reached between Williams and Barson's estate, but the settlement amount was not listed.No charges were filed against the tennis star and a second driver over the crash in June 2017, Florida authorities said.An investigation supported by video surveillance showed Williams did not violate the other driver's right of way, the Palm Beach Gardens Police said in an investigative report obtained by CNN affiliate WPBF."Based upon this investigation and relevant Florida state statutes, no charges will be filed in this case," the report said. 1054

Stitch by stitch, Juanita Martinez is creating a better future for her family and her community.“As a woman and a Hispanic, I think that I’m really proud of what we’ve done,” she said.Martinez is a co-owner of Three Amigos Graphics, a mother daughter-run business in Houston, Texas, with the third amigo being their neighborhood.“They love us,” Martinez said of her community. “I don’t know how else to put it. They take care of us and they make sure that we’re okay and that’s part of the community that we’re in.”Martinez runs one of more than 600,000 thousand Hispanic-owned businesses in the United States. According to the Houston Hispanic Chamber of Commerce, those businesses account for almost trillion in annual economic spending in areas ranging from, what experts describe as, the barrio to the boardroom.“That community has continued to mature in terms of their education and their buying power, so the number trillion doesn’t surprise me,” said Randy Velarde, president of The Plaza Group, an international petrochemical marketing group.While Hispanics continue to add and impact the nation’s economy, Velarde is promoting quality over quantity.“I’m hopeful and encouraged by our ability to be more influential in other parts of society,” he said.In 2019, the number of Hispanics reached 60.6 million, making up 18% of the U.S. population, according to the Houston Hispanic Chamber of Commerce.“As go Hispanics goes Houston and in this case as go Hispanics so goes the United States,” said Dr. Laura Murillo, president the Houston Hispanic Chamber of Commerce. She says Hispanics account for roughly a quarter of the U.S. gross domestic product and she hopes corporate America starts taking better notice.“Latinos have made many strides,” Murillo said. “We should continue to aspire to be in high places but never forget that many of us came from Navigation.”Back on Navigation Blvd., Three Amigos Graphics continues working to better their local economy and their community.“It’s nice to have money but we’re not in it to be rich,” Martinez said. “We want to make sure when I do good my neighborhood is doing well.” 2140

Tesla on Thursday recalled about 123,000 Model S sedans, asking customers with cars built before April of 2016 to have their power steering bolts replaced.A Tesla spokesperson said the company has observed "excessive corrosion" of the part in some cold climates where a certain type of road salt is used.No injuries or accidents have been reported in connection with the issue, the spokesperson said.A Tesla spokesperson said that if the bolts fail, the driver should still be able to control the vehicle. The issue can make the car more difficult to steer at low speeds and to parallel park, and it should "not materially affect control at high speed."The company sent out emails to Model S owners who have cars included in the recall.The Model S has been lauded for its safety ratings, but news of this recall comes at a rough time for Tesla.Its stock price has plunged more than 25% over the past month. Investors are worried about the startup's ability to deliver on its first mass-market car, the Model 3, which has been plagued by manufacturing woes.Tesla's stock sank nearly 4% during after-hours trading Thursday after news broke about the Model S recall.The-CNN-Wire 1183

The #NobelPrize committee couldn't reach Paul Milgrom to share the news that he won, so his fellow winner and neighbor Robert Wilson knocked on his door in the middle of the night. pic.twitter.com/MvhxZcgutZ— Stanford University (@Stanford) October 12, 2020 275