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NEW YORK (AP) — Dunkin' doughnuts and coffee is being combined with Buffalo Wild Wings and Arby's sandwiches.Inspire Brands Inc. said Friday that it is acquiring Dunkin' Brands Group Inc. for .3 billion, including the Dunkin' Brands' debt that Inspire will be taking on.The private-equity firm will pay 6.50 in cash for all of Dunkin' Brands' shares, which closed Friday at .71.Dunkin' Brands' stock surged to an all-time high earlier this week after the company confirmed the two were in merger talks.Dunkin', based in Canton, Massachusetts, also owns the Baskin-Robbins ice cream chain."Dunkin' and Baskin-Robbins are category leaders with more than 70 years of rich heritage, and together they are two of the most iconic restaurant brands in the world," Paul Brown, Co-founder and Chief Executive Officer of Inspire Brands, said in the news release.There are 12,500 Dunkin' stores and 8,000 Baskin-Robbins outlets worldwide.Inspire will operate Dunkin' and Baskin-Robbins as distinct brands, the company stated.According to the New York Times, this is the largest restaurant acquisition in more than a decade. 1129
NEW YORK (AP) — Organizers of a national workers strike say tens of thousands are set to walk off the job Monday morning in more than two dozen U.S. cities, to protest systemic racism and economic inequality that has only worsened during the coronavirus pandemic. Dubbed the “Strike for Black Lives,” essential workers such as nursing home employees, janitors and delivery men and women will join fast food, ride-share and airport workers in events targeting corporations and government leaders. Where work stoppages are not possible for a full day, participants will either picket during a lunch break or observe moments of silence to honor Black lives lost to police violence, organizers said.Strikers are demanding sweeping action by corporations and government to confront systemic racism and economic inequality that limits mobility and career advancement for many Black and Latino workers, who make up a disproportionate number of those earning less than a living wage.Major actions are expected in New York City, Chicago, Minneapolis, St. Louis and Los Angeles. 1076
NORFOLK, Va. - The first presidential debate of 2020 was all some voters needed to watch before heading to the polls.“[I] tuned into most of the debate last night, and that really solidified my decision to vote today,” said William Jimenez.But the thought of this year’s election is nerve-wracking for some voters.“Regardless of political persuasion and who you intend to vote for, people across the political spectrum are all experiencing that kind of stress,” said Gary Roftus, the director of Fairfield Psychological Associates.Jimenez says this election is important.“A lot is on the line. A lot is at stake,” he adds.Election stress - according to the American Psychological Association, it’s affecting more than 50% of Americans.Gabrielle Harrell felt the pressure at the polls Wednesday.“It’s been very stressful. As I was filling out the ballot, I was triple-checking to make sure I’m checking the right box,” Harrell said.Roftus says people are already stressed with the coronavirus.“We’ve never had an election where we are told is the most important election ever in the middle of a pandemic,” he adds.As we get closer to November 3, Roftus says politics comes up in his counseling sessions.“Inadvertently or directly because it's bothering them, people are bringing up the election all the time,” he adds.Roftus says the additional voting options are affecting stress levels.“Sometimes some people are uncertain as to where they should vote, whether they should vote by mail, is their ballot going to be accepted?"For people who want to get rid of some of that election stress, voting early is an option.Roftus says it gives some people some comfort and relief. Some voters agree.“I do feel better having done it,” Harrell adds.Experts say it’s also best to take a break from politics if you can, but most importantly, take care of yourself.“Try to get enough rest and eat properly,” said Roftus.This story was first reported by Nana-Séntuo Bonsu at WTKR Norfolk, Virginia. 1993
NEW YORK — A military jet flyover planned on the 19th anniversary of the Sept. 11 has been canceled following widespread backlash on social media."As per the US Navy, today's F-18 jet flyover on the Hudson River has been canceled," NYC's official emergency notification system confirmed in a tweet.The Department of Defense announced Thursday an F-18 jet would be flying over the Hudson River toward the Verrazzano-Narrows Bridge on Friday around 3:30 p.m.Many took to social media, including New York elected officials, expressing outrage, calling for the event to be canceled.In a tweet, City Councilmember Mark Levine questioned “is someone in the Pentagon deliberately trying to trigger PTSD in NYC??”Congressman Max Rose called for the event to be canceled "immediately."Even Brandon Borrman, the vice president of Global Communications at Twitter, called the idea “completely tasteless.”Others on Twitter called it “cruel,” “the worst idea,” and traumatizing to many.This article was written by Kristine Garcia for WPIX. 1034
Nine West Holdings, which owns the Nine West and Anne Klein brands, has filed for bankruptcy.Friday's chapter 11 filing shows that the company owes more than billion.Nine West said in a statement that it plans to sell Nine West and its Bandolino line to Authentic Brands Group. ABG owns Juicy Couture and Aéropostale, among others.The company's eponymous brand and Bandolino both sell women's shoes, handbags and accessories.Ralph Schipani, the struggling retailer's CEO, said that the restructuring will help the company reduce debt and increase growth by allowing it to focus on its stronger brands, like Anne Klein and One Jeanswear Group."This is the right step," Schipani said. "We will retain our strong, profitable and growing apparel, jewelry, and jeanswear businesses." He added that the changes should help the company to "be well positioned for the future."Nine West said it expects to continue operating normally during the bankruptcy process.The company, which has been owned by Sycamore Partners Management since 2014, joins a growing list of retailers that have filed for bankruptcy this year. Claire's filed for bankruptcy last month, and Toys "R" Us in September. The toy seller said recently that it is closing or selling all of its US stores.Last year, more than 7,000 stores closed, which set a record.Retailers have been struggling to compete with online retailers like Amazon, and suffering from the death of the mall. Many have also struggled to survive under mountains of debt.The-CNN-Wire 1524