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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 are looking for a man wanted for the disappearance and possible homicide in connection with a two-year-old near Bakersfield, California.Officers initiated an investigation into the disappearance of Ramon Angel Reyes-Chavez, 2, around 8:40 p.m. Wednesday night, police said.During the investigation, detectives developed information leading them to believe that Reyes-Chavez was the victim of a homicide.Detectives identified Kaleb Jordan Kessinger, 20, as a suspect in this case.They attempted to contact him when they saw him driving his car, but he took off about 10:45 p.m. Officers said he later crashed his car near Calloway Drive and Olive Drive.He was last seen running from the area.Officers were on scene in the Kern River Canyon, about three miles in near Democrat Boat Launch, regarding the investigation around 2 p.m. on Wednesday.Detectives obtained an arrest warrant for Kessinger for charges which include homicide and felony child abuse. Kessinger is described as 6'2", 198 lbs, with blonde hair and green eyes.Investigators said they are continuing their search for Ramon Reyes-Chavez and are asking the public to contact the Bakersfield Police Department (661) 327-7111 with any information regarding this case or the whereabouts of Reyes-Chavez or Kessinger.Kessinger was pulled over in 2016 for speeding and was suspected of driving under the influence. He had 6.4 nanograms of marijuana in his system while driving, according to the District Attorney's Office. The case went to trial and was convicted in Dec. 2016, sentenced to four days in prison and granted three years of probation. 1679
Pilots coming into LAX airport in the Los Angeles area on Sunday reported something that sounded right out of a movie from nearby Hollywood. A person flying in a jetpack.Audio from LiveATC.net and shared by several local media show crews on both Southwest Airlines and American Airlines flights saw the person.Pilot: “Tower, American 1997, we just passed a guy in a jetpack”Tower: “American 1997, OK, thank you, were they to your left side or right side?”Pilot: “Off the left side at ah maybe 300-ah-300 yards or so, about our altitude”Tower: “OK American 1997”--Tower: “Southwest 6046”Southwest Pilot: “Tower, we just saw the guy pass by us”--Tower: “JetBlue 23 please caution a person with a jetpack reported 300 yards south of the LA final at about 3000 feet”Pilot: “JetBlue 23 we heard and are definitely looking”Tower: “Only in LA”--For reference, the tallest building in the US, One World Trade Center in New York, is 1,776 feet tall. The average altitude for skydiving in this country is about 10,000 feet in the air. The pilots claim the person with a jetpack was flying at about 3,000 feet in the air.Local law enforcement is investigating the reports. 1169
OTAY MESA, Calif. (KGTV) — One of the women killed last weekend in a double homicide at an Otay Mesa home has been identified as an educator of foster parents for more than two decades.Deb Stolz, 65, worked for Grossmont-Cuyamaca Community College District training foster parents for more than 20 years with the district's Foster, Adoptive & Kinship Care Education Program, according to the college district.She was one of the two women killed outside of an Otay Mesa home on Sunday. Her daughter, 37-year-old Elizabeth Stolz, was also shot and killed."Most likely, you wouldn’t have seen Deb on the Grossmont College campus because she spent her time training resource parents in the community. Deb played an integral role in the program through her training and support to countless resource parents for foster youth in San Diego County," a statement from the district read. "Barbara Wojtach, Program Manager for the program, described Deb as the 'Mother Teresa of foster care.' She was more than just a trainer for resource parents – she was a mentor, teacher and supporter for resource parents who were struggling with the challenges of foster care."The district says Stolz was a single parent of eight children, four of them through adoption."Grossmont College’s program for foster care education is responsible for training all the resource parents in San Diego County and is the largest of its kind in the state. Deb was an important part of that program and she will be deeply missed," Stolz said.Police say 31-year-old Justice Love Peace, also known as Jeremiah Alfred Horton, allegedly shot and killed Stolz and her daughter during a custody dispute at a home in the 4300 block of Ebersole Drive sometime around 8:30 a.m. on Sunday. He was reportedly there to pick up his 6-month-old son.Peace then took his son from the home. The boy was later found safe with Peace's wife at her Rolando-area home. Police say Peace fled to Mexico after the shooting, where he was found dead of an apparent self-inflicted gunshot wound days later. 2054
PASCO COUNTY, Fla. — Drivers continue to share stories of scary moments and narrow escapes as there are more reports of Kia Souls catching fire.New complaints led I-Team Investigator Jackie Callaway to ask why some vehicles weren't included in the automaker's past recalls for engine fire risks.Brek Badgley says his 2015 Kia Soul burst into flames while rolling down I-75 northbound in Hernando County last December. He said the fire gutted the entire vehicle within minutes.“Just tossed my phone out of the window and started throwing stuff out of the car,” Badgley said.In April 2019, Kia recalled nearly 380,000 Kia Souls made between 2012 and 2016 over a defect that they say could cause a fire. We checked Brek’s VIN and found his Soul wasn't included in that recall.The I-Team discovered not every Soul made during those years was taken off the road. Kia says that's because even within the same model year, vehicles can have different equipment.Shelly Parks' 2015 Kia Soul was among those not recalled. Parks says it caught fire as she drove near Columbus, Ohio, last summer."We hear someone yell fire, and by the time we had noticed anything, there was fire coming from underneath the car," Parks said.She told the I-Team the car was still rolling to a stop when both she and her friend jumped out.“I watched the car roll past me on fire."The I-Team also found 2018 Kia Souls catching fire, according to three reports filed with federal regulators. Kia reports these Soul fires are rare and can be caused by any number of factors not related to engine defects.In August, 34-year-old Jordan Carlton died of his injuries a year after his rented 2019 Kia Soul went up in flames as he drove down a Hawaiian highway. There was no recall for that Soul.This story was first reported by Jackie Callaway at WFTS in Tampa Bay, Florida. 1842