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Retail store J. Crew announced that it has emerged out of bankruptcy.In May, the apparel and accessories retailer company filed for bankruptcy amid the coronavirus pandemic.On Thursday, the company said it equitized more than .6 billion of debt with Anchorage Capital Group, L.L.C., which is not its majority owner, and it's now well-positioned for long-term growth.Jan Singer, Chief Executive Officer of J. Crew Group, said in the press release that its strategy focuses on three core pillars: delivering a focused selection of products, brand experience, and what it calls frictionless shopping."As a reinvigorated company, we are committed to serving the changing life and style of today's multifaceted consumer and to delivering long term, sustainable results," Singer said in the release.J.Crew Group operates 170 J.Crew retail stores, 142 Madewell stores, and 170 J.Crew Factory stores throughout the nation. 924

Proponents of the SDSU West and SoccerCity initiatives both say they'll turn the SDCCU Stadium site into something beautiful. But two new memos from the city attorney Mara Elliott's office say those developments, even if approved by voters, aren't guaranteed.  288

President Donald Trump's 2017 inaugural committee is currently being investigated by federal prosecutors in New York for possible financial abuses related to the more than 0 million in donations raised for his inauguration, according to a source familiar with the matter.The investigation was first reported by The Wall Street Journal Thursday afternoon.Citing conversations with people familiar with the investigation, which is being handled by the US Attorney's office in Manhattan, the Journal reported that prosecutors are also looking into whether the committee accepted donations from individuals looking to gain influence in or access to the new administration.The newspaper notes that "giving money in exchange for political favors" is illegal, as is misuse of any donated funds. The committee was registered as a nonprofit.In a statement, Trump's inaugural committee said the celebration was "in full compliance with all applicable laws.""The (committee) is not aware of any pending investigations and has not been contacted by any prosecutors. We simply have no evidence the investigation exists," the statement read."The (committee's) finances were fully audited internally and independently and are fully accounted. Moreover, the inauguration's accounting was provided both to the Federal Election Commission and the IRS in compliance with all laws and regulations. These were funds raised from private individuals and were then spent in accordance with the law and the expectations of the donors. The names of donors were provided to the FEC and have been public for nearly two years and those donors were vetted in accordance with the law and no improprieties have been found regardng the vetting of those donors."When asked by reporters about the story Thursday, White House press secretary Sarah Sanders said, "That doesn't have anything to do with the President or the first lady. The biggest thing the President did, his engagement in the inauguration, was to come here and raise his hand and take the oath of office. The President was focused on the transition at that time and not on any of the planning for the inauguration."According to the Journal, sources told the paper that the investigation "partly arises out of materials seized in the federal probe of former Trump lawyer Michael Cohen's business dealings."During a raid of Cohen's properties last spring, a recorded conversation between him and Stephanie Winston Wolkoff, a former adviser to first lady Melania Trump, was seized, according to the newspaper. Wolkoff expressed concern in the conversation about how the inaugural committee was spending money, a person familiar with the Cohen investigation told the Journal.Rick Gates, Trump's former campaign aide who has been cooperating with special counsel Robert Mueller's investigation into Russian meddling in the 2016 presidential election, was asked by prosecutors about the committee's spending and its donors, the Journal reported, citing conversations with people close to the matter.Tom Barrack, a real estate developer who ran the inaugural committee, has not yet spoken with investigators since an interview he had with the special counsel last year, a source familiar with the matter told CNN. During his conversation with Mueller, the inaugural fund was only raised briefly, the source said."The inaugural committee hasn't been asked for records or been contacted by prosecutors. We are not aware of any investigation," the source told CNN.The committee, which CNN previously reported had raised a record-setting 7 million, received much of its funding from wealthy donors who gave million or more, according to the Journal. Some of the fund's top donors, including billionaire Sheldon Adelson, AT&T Inc. (the parent company of CNN) and Boeing Co. are not currently under investigation, the newspaper reported. 3876

President Donald Trump suggested Friday that the federal government could play a role in a possible recount of Florida's close Senate and gubernatorial races."If you look at Broward and Palm Beach (counties) to a lesser extent ... they have had a horrible history," Trump told reporters at the White House before departing for Paris."And if you look at the person, in this case a woman, involved -- she has had a horrible history," Trump said. It was unclear to whom Trump was referring, but Republican Gov. Rick Scott, the Republican candidate for Senate, has called the female election supervisors in Broward and Palm Beach counties "unethical liberals.""All of a sudden they are finding votes out of nowhere," Trump said of the Senate race.The President said Scott had "won by a comfortable margin," but accused Democrats of attempting to pad their margins."Every couple of hours, it goes down a little bit," Trump said of Scott's lead.Democratic Sen. Bill Nelson has pushed for a recount given that he trails Scott by such a slim margin. If the candidates in either contest are separated by 0.5% of the vote or less, the state will automatically recount ballots.Trump tweeted Thursday evening that reported irregularities in Broward and Palm Beach counties amounted to "another big corruption scandal having to do with election fraud."The President said officials involved in the "phony dossier" about his campaign's contacts with Russia are involved in the recount efforts. He was likely referring to Marc Elias, the lawyer Nelson's campaign has reportedly tapped to handle the recount effort, as Elias was also a lawyer for Hillary Clinton's campaign and was involved in commissioning that dossier of opposition research from Fusion GPS.The race for governor between GOP Rep. Ron DeSantis and Democratic Tallahassee Mayor Andrew Gillum is also close enough that a recount is possible.The-CNN-Wire 1910

President Donald Trump will be holding a Friday press conference ahead of a planned trip to the New Jersey area. The president focused his briefing on new production numbers.The president said under the Defense Production Act, new factories and laboratories are being built all over the country to build what America needs to fight the coronavirus pandemic.“Incredible what we’ve been able to do in a short amount of time,” Trump said.He quoted new manufacturing production numbers, showing industrial production rose for the third straight month in the country.The president said we are producing so many ventilators, we are sending them to countries around the world. According to Trump, American companies are producing 400 million more masks than last year.As for a vaccine, three candidates are in Phase 3 trials currently. He said at the press briefing he thought the elderly and those at risk should get the vaccine first, but that he will listen to his experts on that. He said "those lists are being created now," referencing plans for how to distribute the vaccine once it's created. Earlier in the day, media outlets reported Robert Trump, the president's brother, was "very ill."During Friday's press conference, President Trump said he hopes his brother will be all right, but “he’s having a hard time."White House spokesperson Judd Deere says the president is expected to visit his 72-year-old brother at a hospital in Manhattan on Friday. Trump was already scheduled to visit his property in Bedminster, New Jersey, on Friday.There is also a lot of reporting Friday following remarks the president made about opposing funding for the post office.He acknowledged he's starving the Postal Service of funding to make it harder to process an expected surge in ballots he worries could cost him reelection.The president said on Fox Business Network that among the sticking points on a new virus relief package are Democrats’ demand for billions of dollars to assist states in protecting the election and helping postal workers process mail-in ballots.In a series of tweets Friday before his press conference, the president said he is ready to send another round of stimulus checks and additional PPP payments. Responding to a question during his press conference about whether he would approve millions in funding for the Post Office if Democrats gave him what he wanted, he responded, “Sure, If they give us what we want."Democratic rival Joe Biden has likened Trump's actions to sabotage. 2508