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Claire's has filed for bankruptcy. The hub for ear piercings at malls across America is the latest retailer to succumb to its massive pile of debt.Claire's, which says it has pierced more than 100 million ears around the world, reached a restructuring agreement with its creditors. In a Chapter 11 bankruptcy filing on Monday, Claire's said it will reduce its by debt .9 billion. It held .1 billion in debt at the end of 2017.The company will continue to operate its approximately 1,600 Claire's and Icing brand stores in the United States during the bankruptcy process and expects to complete it by September. International stores are not part of the restructuring agreement."This transaction substantially reduces the debt on our balance sheet," Claire's CEO Ron Marshall said in a statement. "We will complete this process as a healthier, more profitable company." Marshall came from now-defunct bookstore chain Borders. Claire's struggles stem from a deal it struck more than a decade ago that left it burdened with debt.In 2007, Apollo Management, a private equity firm, bought Claire's for .1 billion and took the company private in what's known as a leveraged buyout.Claire's could never escape its debt load. As traffic slowed to its brick-and-mortar stores, shoppers moved to digital channels and fast fashion chains such as H&M, Zara and Forever 21 chipped away at sales.Claire's joins a long line of retailers that have filed for bankruptcy in recent years, including Toys "R" Us, Payless Shoes, Gymboree, Rue21, The Limited and RadioShack.Toys "R" Us, another company left deep in debt from a leveraged buyout, said last week that it was liquidating its 735 stores in the United States.Claire's believes a lighter balance sheet will help it avoid Toys "R" Us' fate and still remain a "Girl's Best Friend." And the company says its business is Amazon-proof because you can't pierce your ears online.The-CNN-Wire 1940

COVID-19 didn’t stop being a threat because of the court ruling, because we’re tired of it, or because the legislature left town. We all have to do our part, because when it comes to fighting this virus, we are all in this together. pic.twitter.com/5LQwXO9UYi— Governor Gretchen Whitmer (@GovWhitmer) October 6, 2020 324

CORONADO, Calif. (KGTV) — Coronado officials warned beachgoers of two shark sightings on Sunday, almost 10 days following four other sightings.The city posted on Facebook that two white shark sightings occurred off South Beach at 9:10 a.m. and 9:30 a.m. Officials added that a local surfer who reported the second sighting said the shark was possibly longer than 10 feet and seen about 50 yards offshore.Both sightings occurred near Tower 1C at Avenida de las Arenas, and the shark did not show any engaging behavior. Beachgoers were alerted Sunday and encouraged to check with lifeguards before going into the water. Sunday's sightings come nearly 10 days after Coronado said four shark sightings in two and a half hours prompted warnings. 748

CINCINNATI -- Vice President Mike Pence will be in Cincinnati today to promote Ohio Attorney General Mike DeWine in his race for governor and to deliver remarks at a "Tax Cuts to Put America First" event.Pence is scheduled to arrive at the Cincinnati/Northern Kentucky International Airport around noon.After his arrival, he will be at a Mike DeWine for Governor event to promote DeWine in his race against Richard Cordray.President Donald Trump has been supportive of DeWine in his race for governor and endorsed DeWine via Twitter in May writing: 556

CLAYTON COUNTY, Ga. — One person was killed and another was injured in a shooting following a high school graduation ceremony near Atlanta on Friday night.The shooting took place in the parking lot outside of the Clayton County Performing Arts Center in Jonesboro. Many people were leaving following the Perry Learning Center graduation ceremony.  375