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NEW YORK (AP) — Chuck E Cheese, the restaurant chain that became a Mecca for children and a crucible for many of their parents, is filing for bankruptcy protection. Parent company CEC Entertainment has reopened 266 of its 612 company-operated Chuck E Cheese and Peter Piper Pizza restaurants. It did not elaborate on how willing parents are to again host birthday parties and other gatherings with so many cities still under tight restrictions on crowds. CEO David McKillips said Thursday in press release that it has been "the most challenging event in our company's history."“The Chapter 11 process will allow us to strengthen our financial structure as we recover from what has undoubtedly been the most challenging event in our Company’s history and get back to the business of delivering memories, entertainment, and pizzas for another 40 years and beyond,” said McKiilips in the release. “I am incredibly proud of what the CEC team has achieved over the past year as we launched the All You Can Play value gaming platform, expanded our remodel program, and found new ways to engage with families while our venues were closed. I’m confident in the strength of our team and our world-class brands and look forward to more fully implementing our strategic plan as we put these financial challenges behind us.”The cases will be heard in the United States Bankruptcy Court for the Southern District of Texas, officials said. 1433
NEW YORK (AP) -- The Dow Jones Industrial Average climbed above 27,000 for the first time ever Thursday. The S&P 500 also hit a closing high milestone of its own Thursday, a day after its first move above 3,000.Steep losses in drugmakers and real estate companies were offset by gains for banks and technology companies.Nvidia climbed 3.9% and Goldman Sachs rose 2.6%.Pharmaceutical makers dropped after the White House scrapped a plan to overhaul a system of rebates those companies pay to insurers and distributors.Bond yields spiked following weak demand at an auction for 30-year Treasurys.The S&P 500 rose 6 points, or 0.2%, to 2,999.The Dow rose 227 points, or 0.8%, to 27,088. The Nasdaq fell 6 points, or 0.1%, to 8,196. 744
Next March, the monthly subscription price of Disney+ will increase by in the United States.During its annual Investors Day, Disney announced that beginning March 26, 2021, the monthly subscription price would cost .99. Its yearly subscription would increase by to .99.The Disney Bundle that includes Disney+, Hulu with ads, and ESPN+ would increase by to .99 per month, the company announced.The company also announced that in Europe, Disney+ would go from �6.99 to �8.99 per month, alongside the Star rollout, which debuts Feb. 23.The news comes after Netflix announced in October that they would raise the price on its standard and premium plans for its US subscribers. 698
NEW YORK (AP) — The U.S. has surpassed 1 million new confirmed coronavirus cases in just the first 10 days of November, with more than 100,000 cases each day becoming the norm in a surge that shows no signs of slowing. The latest surge in U.S. coronavirus cases appears to be much larger than the two previous ones, and it is all but certain to get worse. Deaths are climbing again, reaching an average of more than 930 a day. However, experts say medical and testing advances give them reason to believe the nation is better able to deal with the virus this time. On Monday, the number of coronavirus cases in the US passed 10 million since the start of the pandemic.Despite a rise in recorded cases, the University of Washington's IHME model projects up to 2,000 coronavirus-related deaths per day by the end of December. During the height of the pandemic in April, the US roughly averaged 2,000 coronavirus-related deaths per day. 942
NEW YORK (AP) — ABC News faced questions Tuesday about its reluctance to air a sensitive story of alleged sexual misconduct after a leaked video emerged of reporter Amy Robach complaining about how her bosses handled an interview with a Jeffrey Epstein accuser.The conservative web site Project Veritas released video of Robach venting that "every day I get more and more pissed" that her 2015 interview with Virginia Giuffre never made the air. Robach made her remarks late in August while sitting in a Times Square studio with a microphone but not on the air.ABC said Tuesday that the interview didn't meet its standards because it lacked sufficient corroborating evidence. Robach, co-anchor of ABC's "20/20" newsmagazine, said the leaked video caught her "in a private moment of frustration."The episode was remindful of Ronan Farrow's accusations that NBC News discouraged his reporting on Hollywood mogul Harvey Weinstein's misconduct. Farrow then took his Pulitzer Prize-winning story to the New Yorker magazine.ABC sought to minimize the comparison, saying it has pursued and aired other stories about Epstein, the New York financier who died Aug. 10 while in police custody on sex trafficking charges.Project Veritas is known for its efforts embarrass mainstream media outlets, often sending undercover reporters to catch employees making statements that display an anti-conservative bent. But it needed no such help with the Robach video, which Project Veritas said came from an "ABC insider" it would not identify.The correspondent was visibly exasperated as she complained that "I tried for three years to get (the interview) on to no avail and now it's coming out and it's like these 'new revelations' and I freaking had all of it."Giuffre, whose maiden name is Roberts, alleged that as a teen, she was forced by Epstein to have sex with prominent men, including Prince Andrew. The prince and Epstein both denied the charges.In the video, Robach said she was told "who's Jeffrey Epstein? No one knows who that is. This is a stupid story."Robach also complained in the video that lawyer Alan Dershowitz and the British Royal Palace applied pressure to ABC not to air the interview with Giuffre. She suggested that the network feared that airing the interview would hurt its ability to get interviews with Prince William and Kate Middleton.ABC denied that outside pressure had anything to do with its decision."At the time, not all of our reporting met our standards to air, but we have never stopped investigating the story," ABC News said in a statement Tuesday.Giuffre first outlined her allegations against Epstein anonymously in a lawsuit filed in 2009, and she did her first on-the-record interviews about them with the Daily Mail in 2011. At the time of ABC's interview, Giuffre's lawyers were battling with Dershowitz, who was fighting back against her claim that he was among the men who had sex with her when she was a minor.While her allegations received widespread attention, some news organizations have treated elements of her story with caution because the list of prominent men she accused was long and her allegations difficult to independently confirm.The Associated Press doesn't generally identify people who say they're victims of sex assault, unless they come forward publicly as Giuffre has done.Robach said in her statement Tuesday that she had been referring in the video to what Giuffre had said in the interview, not what ABC News had verified through its own reporting. Corroborating evidence of the type the network sought could include interviews with people familiar with Giuffre's allegations or records that would verify she was at the places the alleged sex acts took place."The interview itself, while I was disappointed it didn't air, didn't meet our standards," Robach said Tuesday. "In the years since no one has ever told me or the team to stop reporting on Jeffrey Epstein, and we have continued to aggressively pursue this important story."ABC says it plans to air a two-hour documentary and six-part podcast on the Epstein case next year.It's still unclear whether Robach's Giuffre interview will be part of it. Now that it is four years old, it would likely need to be updated. 4238
