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Gap and Old Navy have been trending in opposite directions for years. So they're finally splitting up.Gap said Thursday that it would break into two companies. One of the companies will contain Old Navy, while the other yet-to-be-named business, currently called NewCo, will comprise Gap, Banana Republic and other brands, including Athleta and Hill City.The move is designed to allow Old Navy — which has grown to billion in annual sales since it opened its first store in 1994 — to expand on its own. Meanwhile, the company can consolidate its older brands like Gap and Banana with its newer ones like Athleta and Hill City. NewCo will have about billion in annual sales."We think the best way for each company to grow and meet the evolving needs of our customers is to allow them to pursue tailored strategies separately," Gap CEO Art Peck told analysts Thursday. Peck will lead NewCo. Sonia Syngal, CEO of Old Navy, will keep running that company.Wall Street cheered the decision: Gap stock was up 25% in after-hours trading.The separation is a tale of two vastly different businesses: Old Navy has thrived in recent years, and sales at stores open at least a year grew 3% in 2018. Meanwhile, the Gap has struggled — its sales fell 5% last year. Banana Republic has been closing stores, which has helped the company improve sales."Old Navy continues to outpace Gap brand and Banana Republic, and is one the fastest-growing major apparel brands," said Christina Boni, analyst at Moody's.The Gap, which was founded in 1969, used to be the coolest brand in retail: It rode the mall boom in the back half of the 20th century, and its logoed sweatshirts and turtlenecks won over everyone from teens to moms and celebrities like Sharon Stone.But the brand fell out of touch with the Baby Boomers who grew up on the brand, and it failed to attract the Millennials who drive fashion trends today. Retailers such as Levi's, Target and fast-fashion sellers H&M and Zara lured away Gap's denim shoppers with cheaper prices and trendier styles.The company has been talking for a while about how to make the Gap a healthy part of the business again. In November, Peck described Gap's store count as unprofitable. As of the end of last quarter, there were 1,242 Gap stores worldwide. 758 of them were in North America.On Thursday, the company said it will close 230 Gap stores over the next two years as part of its plan to "revitalize" the Gap brand. The closures will affect "specialty" Gap stores, which includes mall-based stores.Most of those stores will be in North America, Peck told analysts Thursday. Chief financial officer Teri Stoll added that the company focused on stores that were not delivering, were in the "wrong locations" or were not a "strategic fit."About 130 of those closures will happen this year, according to Gap. The company also plans to open Old Navy and Athleta locations. Athleta, which will be part of the new Gap company, is a women's athleisure chain that has been a success. Hill City launched last year as Gap's men's athleisure brand.Gap thinks it will save between 0 million and 0 million before taxes over the next two years because of its closure plans, according to a securities filing. It expects to finish splitting the companies in 2020.But some analysts questioned why promising brands such as Athleta and Hill City were included in NewCo with the struggling Gap brand."This could have been an opportunity for a fresh start for Gap," said Bob Phibbs, CEO of consultancy Retail Doctor. "It's simply putting the NewCo brands though the ringer for another cycle of rinse and repeat."The-CNN-Wire? & ? 2019 Cable News Network, Inc., a Time Warner Company. All rights reserved. 3771

Gov. Paul LePage certified the election results for Maine's 2nd Congressional District after a recount and legal battle dragged out the final result in the race for almost two months, cementing a Democratic victory.But, LePage -- a Republican firebrand -- made one last jab at the drawn-out process when certifying the election, writing the words "stolen election" next to his signature.November's congressional election in Maine marked 449

FULTON COUNTY — A jury has found a woman guilty on all counts for hitting and killing three children and seriously injuring a fourth as they attempted to get on a school bus last year.Sentencing for Alyssa Shepherd will be held Dec. 18.Closing arguments wrapped up this afternoon in the case against Shepherd who is accused of striking and killing 6-year-old twins Mason and Xzavier Ingle and their 9-year-old sister Alivia Stahl in October 2018. Police and prosecutors have alleged Shepherd drove past a school bus stop arm near Rochester. A fourth child, Maverik Lowe, 11 at the time, was also struck and seriously injured. Lowe survived.Shepherd was charged with three counts of reckless homicide, one count of passing a school bus causing injury and one count of criminal recklessness resulting in serious bodily injury."The biggest thing with it is the total lack of braking the amount of distance that was covered and seeing something in the roadway on a Tuesday morning when it's school time and just barreling into it not slowing down. We felt like was just unacceptable," Fulton County Prosecutor Mike Marrs said.The childrens' mother, Brittany Ingle, spoke to reporters afterward and said she did not believe Shepherd showed any remorse at the trial."What I want to tell you as a mother, from one mother to another, when I was sitting up there giving my testimony, I looked at her straight in the eyes because you just want some feeling you just want something. and she gave nothing," Ingle said. "I was crying telling them how I found my sons in the road and she had no remorse, no emotion, and that hurt worse because she acted as if our kids were in the way, and if they were, they kind of ruined her life and she ruined ours."According to RTV6's newsgathering partner, WROI Giant FM Radio, Shepherd took the stand in her own defense.Shepherd testified she didn't take State Road 25 often, perhaps a couple times a week and not usually that early or late at night, WROI reported. Shepherd cried on the stand as she told jurors she could not process that it was a school bus until she saw kids and by then it was too late. 2146

House Speaker Nancy Pelosi said Thursday the House was proceeding with articles of impeachment against President Donald Trump."Today I am asking our chairman to proceed with articles of impeachment," Pelosi said on Capitol Hill. "The President leaves us no choice but to act because he is trying to corrupt once again the election for his own benefit."The speaker's announcement is the clearest signal yet that Democrats are moving 444

Greetings from the Salton Sea – California’s largest lake. In its heyday, this body of water was called the Southern California Riviera, attracting people from across the country.Decades later, this desert oasis is now dying. “It smells like death you know,” said one local man. “You can tell something died.”The Salton Sea is stinking and shrinking and what’s left is a being called a major health hazard.“The Salton Sea has gone to hell if you ask me,” another man said. “We used to go fishing there before and you can’t go fishing there anymore because there’s nothing to fish for because it’s polluted.”The sea is polluted with sewage, heavy metals and agricultural run off.With no natural run off and not much rain coming in, the Salton Sea has been decaying for decades. Experts say now the conditions are getting worse and the problems go well past county lines. “All of that dust on windy days gets aerosolized and people can inhale it for hundreds of miles actually,” said Sam J. Weiss, MD of Eisenhower Health in Palm Desert, Ca. Weiss says Imperial County’s air quality is some of the worst in the state.And as the Salton Sea dries up, more dangerous dust goes into the air and ultimately gets into people’s lungs. “If it becomes drier and drier and saltier and saltier we’ll see more and more problems unless there’s remediation of the sea,” Weiss said. In an attempt to slow down this problem, the Imperial Irrigation District dug trenches to suppress the dust.“IID models all of our project areas to control the most dust as possible,” said Jessica Humes of the Imperial Irrigation District. Humes says the Salton Sea is twice as salty as the Pacific Ocean and that ratio is impacting wildlife. “It is reducing reproduction of fish, fish are eaten by birds, and if there’s no fish, that causes a huge issue for them,” she said.Humes went on to say that the Salton Sea has more than 20,000 acres of dusty ground exposed -- a number she expects to increase overtime. “This boat dock had water in it over 10 years ago,” she said. “Today completely dry and the Salton Sea is hundreds of yards away.”Conditions are so bad that local leaders recently made an emergency declaration over air quality. “I’m worried about the impacts that are unknown and the sea receding so fast that you can’t plan for it,” SAID Ryan Kelley, chairman of the Imperial County Board of SupervisorsKelley says this is the latest bid to save the Salton Sea. And if the state recognizes this request – it puts rehabilitation efforts on a fast track to happen now.“If they were to listen to what our concerns are and to take up our emergency they could get back to neutral on what they promised to do under the management program,” he said. California Governor Gavin Newsom's office sent us a statement saying, ” The Salton Sea is an urgent issue, and we are intensely focused on solutions. The state is reviewing the Imperial County Board of Supervisors’ action, but we are not waiting to act on projects that can help. Several efforts are already underway to address Salton Sea-related air quality issues, including dust suppression and collaboration with local, state and federal agencies.”Meanwhile, those that live here recognize the problems are at their doorstep“The sea all winter long was full of pelicans,” said Mary Jane Mulrooney, who has been living near the Salton Sea for more than 30 years. “Now you don’t see any pelicans.” Mulrooney says she’s tired of watching this lake waste away.“It’s sad that nobody cares enough to save it,” she said. Now she and others hope this latest effort reignites a sense of urgency and ultimately action. 3648