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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

NORFOLK, Va. - Heading into Election Day, one poll had Joe Biden up five in Florida. He lost.Another had him up double digits in Wisconsin. He narrowly won the state.Just like in 2016, the polling leading up to the election is facing criticism. "The pollsters got it knowingly wrong. They got it knowingly wrong. We had polls that were so ridiculous, and everyone knew it," President Trump said Thursday night.In Virginia, Christopher Newport University's Wason Center for Public Policy was pretty close to predicting the results. A poll in late October said Biden was up by 12 in Virginia with a margin of error of plus or minus 3.4. Biden is currently up 9.43%."It's pretty clear many polls were off, so I'd say broadly speaking this is a challenge with estimating what the true electorate is going to be for pollsters," said Dr. Rebecca Bromley-Trujillo, Research Director at the Wason Center.Part of the challenge is the uniqueness of President Trump. "We have our likely voter models. We have our expectation about who is going to turn out to vote," Bromley-Trujillo said. "Certainly, President Trump has been a unique candidate who has brought out different types of people at higher numbers than is typical."So, what needs to be fixed? Dr. Eric Claville, the Director of the Center for African American Public Policy at Norfolk State University, says more nuance is needed. He feels pollsters should concentrate on issues to help forecast why people vote a certain way."I think the polls have to ask themselves: What is it that really drives individuals to vote one way or another?" Claville said.Reporters and campaigns could also provide more context, the experts said. "It would be better to present the margin of error. It would be better to say, 'If the electorate shifted this way, this is what it would look like,' so people understand this is what we expected based on past elections," said Bromley- Trujillo.During this current election, it's clear it's a lot closer in key states than many polls had it with ballots still being counted.This story was first reported by Brendan Ponton at WTKR in Norfolk, Virginia. 2138

NEW YORK (AP) — Macy’s said Santa Claus won’t be greeting kids at its flagship New York store this year due to the coronavirus, interrupting a holiday tradition started nearly 160 years ago. More than a quarter of a million people come to see Santa at Macy’s in New York each year, the company said, making it hard to create a safe environment during a pandemic. Before taking a picture with the jolly old man, crowds walk in tight quarters through a maze-like Santaland that’s filled with Christmas trees, running toy trains and elves in green costumes.That makes it hard to create a safe environment during a pandemic. Santa also won’t be making in-person visits this year at its Chicago and San Francisco stores, which have similar Santalands. But he will still appear at the end of the televised Macy’s Thanksgiving Day parade, the company said.The decision by Macy’s differs from big mall owners, which will still go ahead with in-person Santa visits by banning kids from sitting on his lap and making sure they stay six feet away from him.Macy’s said it will be offering a free online experience on its website at the end of November, where families can play games and get a virtual tour of Santa’s workshop. 1222

NEW YORK (AP) — In a typical year, the newly inducted Rock and Roll Hall of Fame class would have hit the stage and perform the well-known songs that made them famous and helped them enter the prestigious organization. Not in 2020.Because of the coronavirus pandemic, this year's all-star group was inducted Saturday night in a taped HBO special that told the stories of Whitney Houston, Notorious B.I.G. and the Doobie Brothers' rise to fame and how acts like Nine Inch Nails, T. Rex, and Depeche Mode heavily impacted the music industry and generations after them.According to the Los Angeles Times, Houston's mother/manager Cissy Houston accepted her induction on her behalf.Whitney was 48 when she passed away in 2012 after she accidentally drowned due to heart problems and cocaine use, ABC reported.According to Vulture, Houston, Biggie, and T. Rex founder Marc Bolan were three 2020 inductees honored after their deaths.Notorious B.I.G., who was shot and killed in 1997, was inducted by Sean "Diddy" Combs, Vulture reported.Bolan, who died in 1977, was inducted by the former drummer for the Beatles Ringo Starr, Rolling Stone reported.The induction ceremony was initially supposed to occur in May in Cleveland, the city where the Rock Hall is located. 1267

North Korean leader Kim Jong Un will shut down his nuclear test site in May and invite experts and journalists from South Korea and the United States into the country to ensure "transparency" around its closure, South Korea's presidential office said Sunday.It is the latest breakthrough on the peninsula ahead of a meeting between Kim and US President Donald Trump, who said Saturday that talks could take place within "three to four weeks."A senior spokesman for South Korean President Moon Jae-in said Kim made the comments during a landmark summit Friday at the demilitarized zone between the two countries, when Kim became the first North Korean leader to step into South Korean territory since fighting ended in the Korean War in 1953.Kim told Moon during the summit that he had no intention of targeting the US or the South with nuclear weapons, the South Korean President's office said Sunday."The United States, though inherently hostile to North Korea, will get to know once our talk begins that I am not the kind of person who will use nuclear weapons against the South or the United States across the Pacific," Kim was quoted as saying by Moon's spokesman Yoon Young-chan on Sunday."There is no reason for us to possess nuclear weapons ... if mutual trust with the United States is built through frequent meetings from now on, and an end to the war and non-aggression are promised."Friday's pageantry and face-to-face talks -- the first between leaders of the two Koreas since 2007 -- culminated in Kim and Moon issuing a joint statement committing to the "complete denuclearization" of the peninsula, calling for the end of the Korean War, and heralding a "new era of peace."Kim had previously announced the conclusion of North Korea's nuclear testing program and the shuttering of the Punggye-ri complex, saying on April 20 that it had already "completed its mission."In the comments released by Moon's office on Sunday, Kim also refuted claims by Chinese scientists earlier in the week that parts of the site had been so badly damaged by previous explosions that it may now be unusable."Some claim we are closing down an unusable test site, but if they come and see, they will understand that there are two bigger tunnels than the existing test facilities and that they are in a very good condition," Kim said, according to Yoon.President Moon "immediately welcomed" Kim's decision to make the process around the closure public, and the two leaders agreed to consult each other about the timeline for inviting South Korean and US experts and journalists "as soon as the North is ready," Yoon said Sunday.Kim also announced during the summit that Pyongyang would change its time zone by half an hour to align it with Seoul time, reversing a decision made just three years ago in 2015, Moon's office said Sunday."There were two different clocks in the reception hall at Peace House. One was for Seoul time and the other for Pyongyang time, which made my heart heavy," Moon's office quoted Kim as saying. "Let's first unify the two different times of the two Koreas." 3087

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