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OXON HILL, Md. (AP) — The finals of the Scripps National Spelling Bee have begun, with 50 kids on stage competing for more than ,000 in cash and prizes and a new, custom-designed trophy.This year's bee had the biggest field ever, with 562 spellers, more than half of whom got in through Scripps' wild-card program. Last year was the first time that wild cards were allowed into the bee, and the eventual champion was a wild card.Thursday's finalists include nine spellers who finished in at least a tie for 10th last year. The field will be narrowed to about a dozen spellers in the morning and early afternoon before the prime-time finals on ESPN.The last 14 champions and 19 of the past 23 have been Indian-American. 729

Phoenix police are investigating after a young child was run over and killed by a parent Thursday night.According to Phoenix police, 21-month-old Samuel Hamilton died after he was struck by a car at a home near Interstate 17 and Northern Avenue.Authorities say the victim's father, 49-year-old Richard Hamilton, was moving a truck on his property when he hit his son. Hamilton stopped after feeling a "bump under the tire," police said.Samuel was taken to the hospital but died of his injuries, officials said,Hamilton is facing multiple charges in connection with the incident including DUI and negligent homicide. 633

PepsiCo CEO Indra Nooyi, one of the most prominent women to lead a Fortune 500 company, will step down on Oct. 3.She will remain as chairwoman of the board of directors until early 2019. Nooyi, 62, will be replaced by Pepsi's global operations chief Ramon Laguarta, 54.Nooyi, who was born in India, is one of a handful of people of color to lead a Fortune 500 company.She helped turn Pepsi into one of the most successful food and beverage companies in the world. Sales grew 80% during her 12-year tenure. She spearheaded Pepsi's transition to a greener, more environmentally aware company.Nooyi has been with Pepsi for 24 years. Before becoming CEO she led the company's expansion through acquisitions, including its 2001 purchase of Quaker Oats Co. She earned million last year, and million over the last three years, according to company filings."Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company," she said.Her departure leaves only 24 women leading Fortune 500 companies, after Beth Ford became the CEO of Land O'Lakes just last week. Just more than a year ago there were 32 women leading Fortune 500 companies, meaning that the number of women in top jobs at the nation's largest companies has dropped by more than 20% in just over a year.Since the middle of last year several high-profile female CEOs announced they were stepping down last year, including Marissa Mayer at Yahoo, Irene Rosenfeld at Mondelez and Meg Whitman of Hewlett Packard Enterprise.Related: Why it matters so much every time a woman CEO leavesLaguarta, Nooyi's successor, has served as president of PepsiCo since September 2017, overseeing global operations, corporate strategy, public policy and government affairs. Laguarta is also an immigrant, having been born in Spain. He had previously been CEO of the European and sub-Saharan African unit of Pepsi before being named the company's president.Nooyi praised her successor, calling him "exactly the right person to build on our success."Pepsi's stock lagged the broader market in recent years, and it has trailed rival Coca-Cola. Shares are down 1.5% this year, compared to a 5% rise in the S&P 500 index. Shares of Pepsi were slightly higher in pre-market trading.Americans' growing distaste for sugary sodas has hurt both Coke and Pepsi. In 2014 activist investor Nelson Peltz pushed for Pepsi to spin off its snack business as a separate company. But Nooyi was able to fight off calls to break up the company..-- CNNMoney's Paul R. La Monica and Julia Carpenter contributed to this report.The-CNN-Wire 2608

OXON HILL, Md. -- For sisters Nikki Howard and Jaqi Wright, life comes down to a handful of ingredients.”Love, peace and cheesecake,” Wright said.It’s cheesecake that started them off on a new journey, while the two were furloughed during the federal government shutdown two years ago.“We went through the holidays just praying that it would let up,” Wright said. “And it didn't.”“So, for New Year's Eve service, I made sweet potato cheesecakes,” Howard said.Wright continued, “She gave them to me put it in the fridge. I had no idea, until I asked, ‘Who made those?’ And she said, ‘me.’”Howard said her mother and Wright began eating some of it, before her mom declared, “she said, ‘it's so good you can sell it,’ and light bulbs went off.”That is how their small business, called “The Furlough Cheesecake,” came to be. At first, they started by simply selling them online, but it quickly snowballed from there, right into area Walmart stores.“I had no idea that that one cheesecake would change everything,” Wright said.Now, they’re going a step further. At National Harbor near Washington, D.C. they just opened their first physical storefront.“So, we started our business during a furlough and we opened a store during a pandemic,” Wright said. “It makes us sound crazy, honestly, but it just happened this way.”They are fortunate. The pandemic is hitting many small businesses hard and Black-owned businesses especially so. According to data from the U.S. Census, compiled by economists at the University of California - Santa Cruz, between February and April, the number of African-American owned businesses dropped by 41%. Economists now estimate half of all African-American owned businesses may never reopen from their COVID-19 closures.At The Furlough Cheesecake, they know timing is everything.“We just took a leap of faith,” Wright said.Faith that has guided them through two – separate – tough economic times.“There's so many people out there struggling and suffering,” Howard said, “and being a minority-owned business, you know, we feel a responsibility to shed a good light on our community.”It’s all just one part of their unusual recipe for success. 2175

People understandably fear tax audits, but audits actually aren’t that common: Of all the tax returns filed in 2015, the IRS examined just 0.7% the following fiscal year. Nonetheless, we’ve all had “what-are-the-odds” experiences in life. So if you’re worrying about an audit, here are a few things that tend to get the IRS’ attention, according to tax pros. 371

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