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The bankruptcy filing allows Remington to stay in business while restructuring its massive debt. The company has been planning to reduce its debt by 0 million through the Chapter 11 process and contribute 5 million to its subsidiaries.Remington plans to keep on making guns. The company said, when it first announced its plan to file for bankruptcy in February, that operations "will not be disrupted by the restructuring process."Founded in 1816, Remington is one of the oldest and best-known gun makers in the world. It's owned by Cerberus Capital Management, which plans to shed ownership once the bankruptcy is complete.Remington is headquartered in North Carolina. It makes a variety of handguns, shotguns and rifles at its sprawling 19th-century factory in Ilion, N.Y.Its products include the Bushmaster AR-15-style rifle that was used in the 2012 mass shooting in Newtown, Connecticut. The company has been sued by family members of the Sandy Hook victims.An attorney from the law firm representing those family members said it does not expect the bankruptcy filing to affect its clients' case "in any material way."The company also settled a class action lawsuit a few years ago regarding allegations of defective rifles.The gun industry as a whole has suffered plunging sales and profits under the Trump administration, because consumers are no longer driven by fears of more restrictive gun control with a Republican in the White House who's been endorsed by the National Rifle AssociationAmerican Outdoor Brands, which owns the brand Smith & Wesson, reported dismal earnings earlier this month as did Sturm Ruger in February, and they've laid off hundreds of workers.  1702

The ACT, the standardized test used for college admissions, has a backlog of scores that still have not gone out to students, and it is causing some to miss out on applying to schools and scholarships.“There’s a lot of anxiety riding on it,” said Sarah Horner, whose daughter, Riley, who hopes to go to the University of Illinois next year. “I’ve watched her get all excited to take [the ACT], and [now] she’s just done, and that’s how a lot of the kids are.”As a senior in high school, Horner is waiting on scores from her ACT, a test she was scheduled to take in April but was not able to until June.“It’s been very tough watching her struggle,” said Horner “And it’s not just me. There are parents all over the United States that are just as upset about this.”Once COVID hit, ACT tests were canceled and rescheduled for the summer. At the same time, the ACT had scheduled to launch a new website feature that overloaded its system and caused it to crash.For parents and students who typically receive scores within two to three weeks of the test, it left them scrambling to find recourse.“It’s devastating. Yes, it is honestly devastating,” said Cecilia Walker, whose son, Seth, was supposed to take the test in March but was rescheduled for July.“It’s pretty much universal,” Seth Walker said. “All of my friends are having the same issues of getting hung up on by the ACT.”Walker is confident he will get into Auburn University. What he is not confident about is the ,000 per year scholarship he is applying for since he hasn't received his ACT score.“It’s the difference between a ,000 a year scholarship and nothing,” said Cecilia Walker. “[For] parents that have been planning that, all of that has been pulled out within a year of your student going to college.”In an email, the ACT said, "We know this has been extremely frustrating for parents and students. For weeks, we’ve been working non-stop to improve the experience of engaging with ACT, and we’ll continue to do so to ensure students have every opportunity to achieve success.”It added it will continue to roll out scores through August 31. 2123

TAMPA, Fla. — New court documents show a 3-year-old girl killed in a crash last month was not properly restrained.According to police, the mother, who was driving the car, pulled in front of another vehicle around 7:50 a.m. on January 16, near the intersection of North 40th Street and East Osborne Avenue.According to court documents, three children in the vehicle were in the car on booster seats, however, the booster and car seats were not secured to the vehicle. It's the law in Florida for children to be in a car seat until they turn four years old. Children must be in a booster until they are six years old. Failure to comply can result in a moving violation and about a 0 fine. If a child is injured or killed in a crash and was not properly restrained, child neglect charges can be filed.Police are still investigating the circumstances surrounding the crash on Jan. 18. No charges have been filed yet. 944

That feeling of watching a loved one open a handpicked gift won’t exist for many this holiday season. And between the shipping delays and the call to stay at home this holiday season, the ways people can gift -- especially last minute -- are limited.AAA predicts that 34 million fewer Americans are travelling this holiday season compared to last year.“People are realizing or have realized over the last month that they had to change how they approach the holiday season,” Darrin Duber-Smith, a consumer behavior expert and professor at Metropolitan State University of Denver, said.Part of that is thanks to e-commerce. The IBM U.S. retail index shoes the pandemic has accelerated the move toward online shopping by five years.The National Retail Federation predicts that 60 percent of holiday shopping with be done online this year, up from 56 percent in 2019.“Our buying patterns have shifted almost entirely online over the last 9 months,” Duber-Smith said. “So many more goods and services are now available online. So many more than even a year ago, so I think consumers have a lot more choices that they can send.”However, the flower bouquets and gift cards can seem impersonal.“I really think all bets are off during the pandemic, but there’s going to be lasting effects in consumer attitude and behavior going forward,” he said. “Getting a gift basket that may or may not have a holiday greeting on it is becoming the norm.”“It’s an hour of work to send someone a gift,” Edward Lando, co-founder of Goody Technologies, said. “If you think about it, you need someone’s address. You need to pick out a gift. You need to make sure if you can add a note. You need to make sure it can get there on time, all that stuff.”Lando played a role in creating a solution to the problem by creating Goody, a gifting app that lets you send someone a gift in seconds. All you need is a phone number -- no address.“It’s not a normal form of buying something online, and it's not only e-commerce. It’s like a messaging experience,” Lando said.The app gives the gift recipient the whole experience of opening a gift virtually -- and the ability to swap out a gift for one of similar value if the recipient doesn’t like it. It also speaks to the need for the gratification the gift giver gets.“There's a huge psychological component to gift giving,” Duber-Smith said.“When you send a gift to someone and they open it, you get a little notification that says, ‘Melissa opened your gift,'” Lando explained. “And then you get another one that says she accepted your gift and added a note.”Gifting trends are also shifting to more experiences. “Those are the things that are more personal than gift cards because you understand what the consumer likes,” Duber-Smith said.And it’s something you can give this holiday season that doesn’t require shipping. “2021 could be the year for experiences as sort of everyone gets out,” he said.As you shop for your last minute gifts this week, consider how you’re shopping. “I think what it did is it exposed how important e-commerce is to everyone,” Duber-Smith said. 3101

Studio Fun International is recalling more than 78,000 Trolls slap bracelets included with "DreamWorks Trolls: It's Hug Time!" children's storybooks because of a laceration hazard. According to the company, the metal band can wear through the fabric covering of the slap bracelet resulting in injuries. There have been five reports of children receiving cuts to hands or fingers because of the bracelet.The slap bracelet consists of an inner, flexible metal band wrapped in a purple fabric covering with a pink fabric flower. The ISBN for the book is 978-0-7944-3840-1 and is printed on the back of the book.The books were sold at book and other retail stores nationwide, book fairs and clubs, and online at Amazon.com, Barnesandnoble.com, Walmart.com and other online retailers from September 2016 through August 2017 for about .  Parents are urged to immediately take the recalled bracelets away from children and contact Studio Fun International for instructions on discarding the bracelet and to receive a free Trolls book.Studio Fun International can be reached at 800-489-3402 from 8 a.m. to 4:30 p.m. CT Monday through Friday or online at www.studiofun.com. 1215

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