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NEW YORK (AP) — Lord & Taylor is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in the COVID-19 pandemic.Household retail names, many longtime anchors in malls nationwide, were already struggling to keep up with a radical reformation in what people buy, and where they buy it. Much of that activity has moved online.Thousands of store closures forced by the arrival of COVID-19 has proved too much.Lord & Taylor, which began as a Manhattan dry goods store in 1824, was sold to the French rental clothing company Le Tote Inc. last year. Both filed for bankruptcy protection, separately, in the Eastern Court of Virginia on Sunday. 745
NEW YORK (AP) — As employees of small businesses get their first September paychecks, they’re probably receiving their usual amount.Company owners are still withholding money for Social Security despite a presidential order allowing the tax to be deferred. The order President Donald Trump signed Aug. 8 allows employers to stop withholding the 6.2% tax from Sept. 1 through Dec. 31 and requires that it be paid between Jan. 1 and April 30 of next year. But business owners are wary, saying the plan opens up the possibility that companies might ultimately have to pay the tax if staffers leave. 603
Nikolas Cruz massacred 17 people in February at his former high school in Florida. The question now is does he live or die?Broward County prosecutors have said they plan to seek the death penalty despite his attorney's offer of a guilty plea in exchange for a life sentence without the possibility of parole.If prosecutors seek the death penalty, Cruz will join a short list of mass shooting suspects who've faced their victims in court. Of the 10 deadliest shootings in recent US history, Cruz is the only one who was captured alive.Some parents who lost their children at Marjory Stoneman Douglas High School have made their feelings known about a potential death penalty trial."I don't want to go through some lengthy trial that's going to be brutal. I want him to sit in a cell and rot for the rest of his life," said Andrew Pollack, whose 18-year-old daughter, Meadow, was one of the victims."Lethal injection is painless, it's too easy for the psychopath. I don't want it -- I want life."Two other gunmen in recent high-profile attacks have also faced death penalty trials -- with varied outcomes.Last year, white supremacist Dylann Roof was condemned to death for killing nine black churchgoers in South Carolina. Two years prior, a Colorado judge handed a life sentence to James Holmes for the shooting deaths of 12 people at a movie theater.Here's how Cruz's death penalty trial would unfold: 1409
Nestle and Starbucks are teaming up to create a "global coffee alliance."Under the deal, Nestle will pay .2 billion to market, sell and distribute Starbucks' packaged products around the world, the companies said Monday.Nestle already has a significant presence in the coffee business with well-known brands like Nescafe and Nespresso. It's now adding Starbucks coffee and tea products to the list.The agreement only covers Starbucks' packaged goods sold outside the US company's stores. It doesn't include Starbucks' ready-to-drink coffee, tea or juices.Starbucks CEO Kevin Johnson said the deal "will bring the Starbucks experience to the homes of millions more around the world."The deal still needs approval from regulators and is expected to be finalized in summer or early fall this year, the companies said.About 500 Starbucks employees will join Nestle under the agreement, the Switzerland-based company said.It said the Starbucks packaged goods business generates annual revenue of about billion a year. 1031
Netflix users are being warned about an email scam targeting the company's millions of subscribers.According to ABC News, the scam threatens to suspend their accounts if they don't update their billing information.The email will ask readers to click a link, leading them to a fake Netflix page and asking them to enter their private information, an Australian cyber security firm said. 393