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NEW YORK (AP) — The one-time bookselling giant Barnes & Noble is being acquired by a hedge fund for 6 million.The national chain that many blamed for the demise of independent bookstores has been ravaged by Amazon.com and other online sellers. Independent bookstores have also persisted in the face of digital publishing.The company said in October that it might put itself up for sale after it was approached by a number of potential buyers, including founder Leonard Riggio who opened Barnes & Noble stores across the country and turned it into a superstore.Barnes & Noble said Friday that it's being acquired by Elliott Management for .50 per share, an approximately 9% percent premium to the company's Thursday closing stock price. Elliott bought the U.K. bookseller Waterstones in June 2018.Waterstones CEO James Daunt will also take on the role of CEO at Barnes & Noble.The sale, valued at about 3 million including debt, is targeted to close in the third quarter if approved by regulators and shareholders.Shares of the New York company jumped 11% before the opening bell. 1111
NEW YORK (AP) — Jeffrey Epstein’s former girlfriend has been denied bail and will remain behind bars on charges she recruited girls and women for the financier to sexually abuse more than two decades ago.British socialite Ghislaine Maxwell appeared in a video court hearing in Manhattan, where she pleaded not guilty.Maxwell, 58, has been held without bail since her July 2 arrest at her million-dollar New Hampshire estate.She was charged with recruiting at least three girls, one as young as 14, for Epstein to abuse between 1994 and 1997.An indictment alleged that she helped groom the victims to endure sexual abuse and was sometimes there when Epstein abused them.Epstein killed himself in August 2019 while awaiting sex trafficking charges. 754
North Wind Heating and Air is a local family-run business proudly serving Macomb County for 28 years. Lisa Agostino signed a work order approving both a service call and repairs to her a/c unit. The part was installed that same day. After the part was installed she reached out to North Wind stating that she no longer agreed with the price of the replaced part. Ms. Agostino was offered a solution to the dispute. She agreed that the part would be returned to North Wind. In turn Ms. Agostino would not be charged. This is what occurred. Ms. Agostino has not been charged for the service call or the replacement part.Days later Ms. Agostino posted false statements about North Wind on-line. She represents that she paid for the service call and replacement part, which she did not. These statements significantly effected North Wind's business. North Wind is a small local business. Ms. Agostino's false and defamatory statements have not only effected the North Wind's business, but has had a direct negative effect on its ability to offer full time hours to its employees.Prior to filing the lawsuit North Wind reached out to Ms. Agostino requesting the removal of the false statements. She refused. North Wind is simply seeking the removal of these false on-line statements.North Wind will continue to proudly serve its customers. 1342
NEW YORK (AP) — President Donald Trump's son Eric is willing to comply with a subpoena to testify in a New York investigation into the family's businesses, but only after the November election. Trump lawyers argued in a Thursday court filing that Eric Trump's "extreme travel schedule" related to his father's re-election campaign prevented earlier testifying in Attorney General Letitia James' civil probe. They said they also want "to avoid the use of his deposition attendance for political purposes." According to NBC News, James issued a statement on Thursday saying that "no one is above the law."A message seeking comment was left with James' office. James, a Democrat, went to court last month to compel Eric Trump and other business associates to testify and turn over documents as part of an investigation into whether Trump's company lied about asset values in order to get loans or tax benefits.Trump agreed to testify in July, but backed out two days prior, NBC News reported. 997
NEW YORK, N.Y. – The American Civil Liberties Union (ACLU) is calling for the Department of Homeland Security (DHS) to be dismantled.Specifically, the ACLU wants DHS to be broken apart into various federal agencies and to have its federal budget shrunk. The organization believes this will allow for more effective oversight, accountability and public transparency. Nearly 20 years of abuse, waste, and corruption demonstrate the failure of the DHS experiment.Many knew DHS to be an ineffective superagency, but President Trump has converted DHS into our government’s most notable badge of shame.— ACLU (@ACLU) August 10, 2020 The ACLU’s executive director, Anthony D. Romero, called for the dismantling in an op-ed published by USA Today on Sunday.In the article, Romero argues that the actions of federal agents in Portland and other cities have shown that DHS isn’t capable of acting consistently with the U.S. Constitution.“The scenes unfolding in Portland, Oregon, and elsewhere are a reminder of the red flags many have raised about DHS throughout its history: that its powers are too great, and that it lacks the oversight and management to be effective,” wrote Romero. “We can preserve our freedoms and our security better by dismantling DHS and beginning anew.”DHS was established in 2002 in response to the attacks on September 11, 2001. The department says its mission is to secure the U.S. from the threats the nation faces.“This requires the dedication of more than 240,000 employees in jobs that range from aviation and border security to emergency response, from cybersecurity analyst to chemical facility inspector,” writes the department. “Our duties are wide-ranging, and our goal is clear - keeping America safe.”Romero says DHS’ short history has been filled with violence and fear mongering. He points to several reported incidents like the surveillance of Black Lives Matter activists, the fatal shootings of foreign nationals across the border, and the separating of children from their parents at the border.Romero claims President Donald Trump has converted DHS into the government’s “most notable badge of shame” and the director asserts that Trump has used DHS as his personal militia.“Donald Trump should not be allowed to provide a precedent for future presidents with authoritarian tendencies to repeat the injustices we are enduring,” writes Romero. “Dismantling DHS into its component parts would restore greater balance to our system of checks and balances.”A DHS spokesperson provided us with this statement, accusing the ACLU of supporting "violent opportunists." 2607