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Papa John's tanked Tuesday after a report that a plan to sell the company has fallen apart.The Wall Street Journal reported that the asset manager Trian Management Funds is no longer interested in bidding for the company. According to the Journal, others are still considering taking a stake in the company, but not a total purchase.Papa John's (PZZA) stock was down 10% at market close Tuesday.Papa John's declined to comment for this story. Trian did not immediately respond to a request for comment from CNN Business.Rumors have been swirling for weeks about potential buyers for the company. Each report has caused shares of the company to spike. The Journal reported Trian's interest last month.Without a buyer, the struggling pizza company will have to find a way to convince investors that it can solve its problems on its own, and beat out competitors Domino's and Pizza Hut. That's a tall order.The company has been working hard to distance itself from controversial founder John Schnatter, who resigned his role as chairman in July after news broke that he had used the N-word on a conference call.Papa John's said earlier this month that same-store sales in North America fell by 9.8% during the most recent quarter. Total revenue dropped 15.7% from a year earlier to about 4 million.Schnatter also stepped down as CEO at the end of last year after he caused a controversy by blaming the NFL for poor pizza sales. Schnatter said sales were hurt by the way the league handled players' kneeling during the National Anthem in protest of racial injustice.Since then, Papa John's hasn't been able to regain its momentum, and sales have continued to slip.Other pizza sellers have struggled this quarter. Pizza Hut's sales were flat, and though Domino's (DPZ) reported domestic and international same-store growth, the company missed analyst expectations.But Pizza Hut and Domino's are better equipped to win the pizza wars. Domino's has invested heavily in tech, and Pizza Hut is bolstering its partnerships. Pizza Hut replaced Papa John's as the NFL's official sponsor earlier this year. 2159
Police in Ohio are searching for a man who pulled out a gun in a McDonald’s drive-thru because he was upset the restaurant didn’t have any McMuffins available.WKBN-TV reports that two men in a black Ford Taurus went through a McDonald’s drive-thru in Warren, Ohio at about 3:40 a.m. on Wednesday morning. The man appeared to be in their early 20s.When told the restaurant did not have any McMuffins at the time, the driver of the car pulled out a gun and called the McDonald’s employee “an offensive name,” according to WFMJ-TV. The pair then sped away.According to the Associated Press, no one was hurt during the incident. The manager of the store told Warren police that he would review surveillance footage to see if the incident was caught on video. 768

PINE VALLEY, Calif. (KGTV) - A woman was taken into custody in East San Diego County on suspicion of smuggling methamphetamine with her 6-year-old son in her car, U.S. Border Patrol Agents said Wednesday. The arrest happened about 9 p.m. Tuesday at the Interstate 8 checkpoint in Pine Valley. Agents pulled over the 25-year-old woman who was driving a 1999 Ford Expedition. A K-9 alerted agents to the SUV’s rear door, where they found 65 bundles of crystal meth in the rear spare tire, officials said. The woman, a Mexican national, was arrested. Her son is now in the care of Child Protective Services. Agents said the drugs had a street value of 9,352. 666
Pipe bomb suspect Cesar Sayoc made his first appearance in a New York federal court Tuesday and was told he will be held without bond.The defense issued no objection to Judge Robert Lehrburger's decision. Sayoc's preliminary hearing was set for Monday.In a letter, prosecutors had said they would ask that Sayoc be held without bond, based on the flight risk and the danger he allegedly posed to the community.The 56-year-old faces five federal charges: interstate transportation of an explosive, illegal mailing of explosives, threats against former presidents and other persons, threatening interstate communications and assaulting current and former federal officers.Sayoc's attorney, Daniel Aaronson, has said that his client intends to later plead not guilty to the crimes."Nobody has been able in a court of law to say that those were bombs that he sent," the attorney said. "Therefore, there is no reason why he should speak or possibly have any information to impart." 984
PARADISE, Calif. (AP) — Police in Northern California say they'll pursue criminal charges against a wildfire cleanup worker who posted photos of himself posing at destroyed properties.Officials in the devastated town of Paradise said Saturday that the photos and accompanying captions by Rob Freestone are "unacceptable and reprehensible."One shows a grinning Freestone with a flower pot on his head in front of a charred home. Another shows him jumping on a burned-out trampoline with the caption: "Trampolines are stupid ... it used to be called a Jumpoline until your mom got on it."RELATED: Dog survives Camp Fire; Found guarding charred Paradise property when owner returnsFreestone and two other workers involved in the incidents last month have been fired from Bigge Crane and Rigging. The company called their behavior an "egregious insult."Freestone couldn't be reached for comment.RELATED: Camp Fire evacuees spend Thanksgiving in SanteeA police spokesman says investigators will determine whether any crimes were committed. 1042
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