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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
PALM BEACH COUNTY, Fla. -- An unmasked man pulled a gun on a masked shopper and threatened to kill him during an apparent confrontation over face coverings at a Florida Walmart, deputies said.According to the Palm Beach County Sheriff's Office, the store's security video shows Vincent Scavetta pushing an older man in a wheelchair through the Royal Palm Beach store on July 12.In the video, a man with his young daughter approach Scavetta and exchange words. Witnesses said the man made a comment about Scavetta not wearing a mask.The video shows Scavetta giving the shopper the middle finger before pulling a handgun from his waistband, deputies said."I'll kill you," Scavetta said, according to an arrest report.Scavetta faces charges of aggravated assault with a deadly weapon and improper exhibition of a firearm. 826
Pāhoa, Hawaii (KGTV) -- Evacuations are in place on the Big Island as lava emissions continue in the Leilani Estates subdivision near Mohala Street. All residents were required to evacuate Thursday night. RELATED: Lava forces evacuations in residential HawaiiOn the 10News Facebook, many San Diegans have commented, concerned about family in the area. Here is information you may find helpful: 427
Police have issued an Amber Alert after a 13-year-old girl was abducted outside her home in Lumberton, North Carolina, Monday morning.Hania Noelia Aguilar was at the Rosewood Mobile Home Park waiting for the rest of her family to come outside and drive to school when she was forced into a car just before 7 a.m. ET, the FBI and Lumberton Police Department say."A witness saw a male subject dressed in all black and wearing a yellow bandana force Hania into a relative's vehicle that was parked in the driveway," the FBI said in a statement."Hania is a Hispanic female, 5 feet tall, weighing approximately 126 pounds. She has black hair, and brown eyes. She was last seen wearing a blue shirt with flowers and blue jeans," it said."Hania's mother asks whoever took her daughter to please bring her back home," the Lumberton Police Department said in a release posted to Facebook.It said Hania was driven away in a green, 2002 Ford Expedition with South Carolina license plate NWS-984. The hood of the car is peeling and there is a Clemson sticker on the rear window.Police, the Robeson County Sheriff's Office, FBI agents and agents with the State Bureau of Investigation are following nearly 50 leads, the release said.CNN affiliate WRAL reported that Hania was an eighth grader at Lumberton Junior High School.It quoted her sister Heylin Perez as saying Hania had gone outside to start the family's car despite her aunt telling her not to."She just got the keys and started to turn it on," Perez said. "And somewhere out of nowhere the man came in and took her away."The family heard Hania screaming, she said. 1620
Parents of students who had been evacuated from Santa Fe High School in Texas following a school shooting that left 10 dead were shocked to find a man carrying a pistol approaching the school to comfort students.The man, who was wearing a Trump cap and carrying an American flag, said he was walking in front of the school in order to "make America great again.""These folks are having a rough morning and could use some support, and I think these are the kinds of support that they need right now," the man told told reporters."Offering support," the man said, when asked what his "plan of action" was. "'God bless y'all' will go a long ways right now for a lot of people."A parent of a student called the man "an embarrassment.""This guy right here is sick. I'm sorry, he's sick," the man told ABC. "He doesn't need to be walking around the school, carrying a flag and a pistol. He does not need to be out here doing that, and I'm glad they're stopping him." 989