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NEW YORK (AP) — The one-time bookselling giant Barnes & Noble is being acquired by a hedge fund for 6 million.The national chain that many blamed for the demise of independent bookstores has been ravaged by Amazon.com and other online sellers. Independent bookstores have also persisted in the face of digital publishing.The company said in October that it might put itself up for sale after it was approached by a number of potential buyers, including founder Leonard Riggio who opened Barnes & Noble stores across the country and turned it into a superstore.Barnes & Noble said Friday that it's being acquired by Elliott Management for .50 per share, an approximately 9% percent premium to the company's Thursday closing stock price. Elliott bought the U.K. bookseller Waterstones in June 2018.Waterstones CEO James Daunt will also take on the role of CEO at Barnes & Noble.The sale, valued at about 3 million including debt, is targeted to close in the third quarter if approved by regulators and shareholders.Shares of the New York company jumped 11% before the opening bell. 1111

NEW YORK CITY — Two of New York City’s most well-known monuments donned a brand new accessory Monday: face masks.The enormous masks, which are three feet wide and two feet tall, cover the faces of the lion statues that guard the New York Public Library (NYPL). The giant masks are meant to remind New Yorkers of the executive order that requires people to wear them in public, according to the NYPL.The masks are also meant to remind library visitors that face coverings are required in order to pick up and drop off books.The statues — named Patience and Fortitude — celebrated their 109th birthday in May.“Like them, New Yorkers are strong and resilient and can weather any storm. We will get to the other side of this public health crisis together,” NYPL President Anthony W. Marx said. “But to do so, we must remain vigilant, we must have patience and fortitude, and we must follow what experts tell us, especially as we continue to reopen our cities."It is traditional for the NYPL to decorate the lions, as they do every year with wreaths every December. The pair even wore Mets and Yankees caps when the teams squared off in the 2000 World Series — but this is their first time wearing masks.During the 1930s, Mayor Fiorello LaGuardia named them Patience and Fortitude, for the qualities he felt New Yorkers would need to survive the economic depression, according to the NYPL. That message still applies as residents fight the battle against COVID-19, Marx said.The lions may be continuing a trend, as the Rockefeller gold statues debuted giant masks a week ago.This story was originally published by Sydney N. Shuler on WPIX in New York. 1654

New York State has issued guidance on professional sports competitions as part of Phase Four of the New York Forward program.The state says professional sports can resume in the state, but with no fans."Ensure that no live audience, fans, or spectators are allowed to attend or permitted to enter any professional sports venue, even if an outdoor venue. Prohibit fans from congregating outside the venue and implement a security plan to safely disperse any individuals that gather outside of the venue," the guidance states.Several guidelines will also be in place for team staff, athletes and venue personnel such as:Maintaining six feet of distance whenever possible.Wearing appropriate face coverings whenever possible.Limiting the use of frequently shared spaces.Limiting the number of individuals on site at a given time.Ensuring all team staff, athletes, and venue personnel receive training on COVID-19 safety, proper hand hygiene, and cleaning and disinfection protocols.Limiting the sharing of objects.Providing and maintaining hand hygiene stations.Conducting regular cleaning and disinfecting of the venue and equipment.No sharing of food or personal items.Diagnostic testing for COVID-19 for all athletes and essential team staff with regular player access 48 hours before a competition.Daily health screenings for anyone entering the venue.The state says this guidance does not apply to collegiate sports, horse racing or auto racing.This article was written by Anthony Reyes for WKBW. 1506

NEW YORK (AP) — The Rolling Stones are postponing their latest tour so Mick Jagger can receive medical treatment.The band announced Saturday that Jagger was told by doctors "he cannot go on tour at this time." The band added that Jagger "is expected to make a complete recovery so that he can get back on stage as soon as possible."No more details about 75-year-old Jagger's condition were provided.The Stones' No Filter Tour was expected to start April 20 in Miami. Other stops included Jacksonville, Florida; Houston; the New Orleans Jazz Festival; Pasadena and Santa Clara in California; Seattle; Denver; Washington, D.C.; Philadelphia; Foxborough, Massachusetts; East Rutherford, New Jersey; Chicago; and Ontario, Canada."I really hate letting you down like this," Jagger tweeted Saturday. "I'm devastated for having to postpone the tour but I will be working very hard to be back on stage as soon as I can."Tour promoters AEG Presents and Concerts West advise ticketholders to hold on to their existing tickets because will be valid for the rescheduled dates. 1072

NEW YORK (AP) — Citigroup's Jane Fraser will become the first woman ever to lead a Wall Street bank when she succeeds CEO Michael Corbat in February. The New York bank announced the succession Thursday. Fraser is currently head of Citi's global consumer banking division, a major part of the bank that oversees checking and savings accounts but also Citi's massive credit card business. For 16 years, Fraser has worked in various departments within Citi:- 2015-19: Chief Executive Officer of Citi’s Latin American region.- 2013-15: Chief Executive Officer of the U.S. Consumer and Commercial Banking and CitiMortgage. - 2009-13: Chief Executive Officer of Citi's Private Bank. - 2007-09: Global Head of Strategy and Mergers & Acquisitions.In 2004, she joined the company in its Corporate and Investment Banking division.She previously worked at McKinsey & Company, Goldman Sachs, and Asesores Bursátiles.Fraser also serves as a member of the Board of Dean’s Advisors at Harvard Business School and Stanford University’s Global Advisory Council. She's also a member of the Council on Foreign Relations.She earned her M.B.A. from Harvard Business School and an M.A. in economics from Cambridge University.Fraser's climb to the CEO role is a major accomplishment in an industry long dominated by men. Corbat led Citigroup for eight years, rebuilding the company after it nearly collapsed during the Great Recession and 2008 financial crisis.Corbat had been with the company for 37 years. 1500