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RTW Retailwinds, the parent company of retail chain New York & Co., announced Monday that is filing for Chapter 11 bankruptcy — the latest blow to an industry whose struggles were taken to new heights by the coronavirus pandemic.The company said in a press release Monday that filed for bankruptcy relief in New Jersey. In the statement, the company hinted that all of its more than 400 brick-and-mortar stores could close for good.In recent months, sales have fallen at New York & Co. as the pandemic forced shutdowns at non-essential retail stores across the country. In addition, massive layoffs and a large increase in employees working from home shrunk demand for professional attire. Other purveyors of businesswear have also fallen on hard times — Brooks Brothers filed for bankruptcy last week.CNN reports that New York & Co. furloughed a "significant portion" of store employees in March and that last week, the company was delisted from the New York Stock Exchange.New York and Co. joins an exponentially growing list of retailers who have filed for bankruptcy in recent weeks, including Sur La Table, JC Penney, Pier 1 Imports J. Crew and Niemen Marcus. 1184
SACRAMENTO, Calif. (AP) — The Trump administration cancelled nearly billion in federal money for California's high-speed rail project Thursday, further throwing into question the future of the ambitious plan to connect Los Angeles and San Francisco.The Federal Railroad Administration's announcement it would not give California the money came several months after sniping between President Donald Trump and Gov. Gavin Newsom over the project. The administration will still try to force California to return another .5 billion that has already been spent.Trump had seized on Newsom's remarks in February that the project as planned would cost too much and take too long. Newsom has shifted the project's immediate focus to a 171-mile line in the state's Central Valley, but he said he's still committed to building the full line.Still, federal officials said California has repeatedly failed to make "reasonable progress" and "abandoned its original vision."Newsom declared the action "illegal and a direct assault on California" and said the state would go to court to keep the money."This is California's money, appropriated by Congress, and we will vigorously defend it in court," he said in an emailed statement.Voters first approved about billion in bond funds for the project in 2008. It has faced repeated cost overruns and delays since. It's now projected to cost more than billion and be finished by 2033.The 9 million the state is losing is critical to the chronically under-funded project. 1524
Rocky, the owl recently rescued from the Rockefeller Christmas Tree, was released into the wild on Tuesday, completing a long journey that started from the world’s most famous Christmas tree.The Ravensbeard Wildlife Center showed video of Rocky’s majestic release into the wild on its Facebook page. The center is located about 100 miles north of New York City.The wildlife center said it released Rocky shortly before nightfall so the owl could find safe harbor for the night. It is believed that Rocky will join other owls in the region and head south for the winter.“She is a tough little bird and we're happy to see her back in her natural habitat. We are sure that Rocky will feel your love and support through her journey south,” the Ravensbeard Wildlife Center said in a Facebook post.It is believed that Rocky made the 170-mile trek with the tree. The owl was found when the tree made it into Manhattan. 919
Right in the middle of America's opioid crisis, there’s a new wave of drug overdoses. This time it’s linked to synthetic marijuana, also known as K2.Joyce Grady has seen the impact the drug is having in D.C. Living in shelters and on the streets has given her a front row seat to the problem.“It's gotten to the point if you hear an ambulance, or police, you automatically put that together with a K2 overdose,” Grady said.The drug is often made to look like marijuana. A mix of chemicals is usually sprayed onto herb or plants, that is then smoked.It can be cheaper and more powerful than marijuana, which is part of its appeal. However, it comes with a high risk.“With marijuana, you can still take a puff and get a smile,” Grady said. “With this K2, you can take a puff and die.” 790
SACRAMENTO (KGTV) -- Summer of 2019 will see several new laws and taxes go into effect throughout the state. Among those new laws are increases to California's gas tax, new regulations on ammunition sales and a law requiring doctors to tell patients if placed on probation. See the list below for more: Senate Bill 1448 - Patient’s Right to Know ActStarting July 1, doctors will be required to notify patients if placed on probation for serious professional misconduct involving harm to patients. Misconduct doctors would need to tell their patients about includes sexual misconduct, drug abuse and criminal convictions. Prop 63. - Ammunition salesStarting July 1, new rules for purchasing bullets will go into effect. The new rules require background checks every time someone wants to purchase ammunition. The law is part of Proposition 63, which voters approved in 2016. A fee is also required for each transaction. Gas tax increaseBeginning July 1, 2019, California’s gas tax is set to rise again by nearly 6 cents per gallon. The increase comes as gas prices in some states could drop below per gallon by the end of the year, according to GasBuddy. Assembly Bill 748Also taking effect July 1 is Assembly Bill 748. The bill requires body camera video and audio of police shootings and use of force incidents to be released within 45 days of the event unless it would interfere with the investigation. 1416