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Nearly two years after his extradition from Mexico, notorious cartel boss Joaquin "El Chapo" Guzman Loera faces an American jury on Tuesday in the most significant criminal trial in decades.The man once considered the world's biggest drug trafficker is accused of heading a criminal enterprise that spanned continents and triggered waves of bloodshed throughout his native Mexico.His long-awaited trial before US District Court Judge Brian Cogan in Brooklyn federal court begins with opening statements Tuesday under unprecedented security measures, including armed escorts for the anonymous and partly sequestered jurors.Even before the start of a trial that could last four months, heavily armed federal marshals and officers with bomb-sniffing dogs stand guard outside the courthouse. Metal detectors greet visitors at the entrance to the courtroom. The Brooklyn Bridge shuts downs each time a police motorcade -- including an ambulance and SWAT team -- shuttles Guzman to and from the Manhattan federal lockup."El Chapo, despite his defense that he was just a minor player, was reputed to be the innovative spirit behind the Sinaloa cartel," said Bruce Bagley, an expert on Mexico's drug cartels at the University of Miami. "He is, in many ways, a survivor." 1270
Nine West Holdings, which owns the Nine West and Anne Klein brands, has filed for bankruptcy.Friday's chapter 11 filing shows that the company owes more than billion.Nine West said in a statement that it plans to sell Nine West and its Bandolino line to Authentic Brands Group. ABG owns Juicy Couture and Aéropostale, among others.The company's eponymous brand and Bandolino both sell women's shoes, handbags and accessories.Ralph Schipani, the struggling retailer's CEO, said that the restructuring will help the company reduce debt and increase growth by allowing it to focus on its stronger brands, like Anne Klein and One Jeanswear Group."This is the right step," Schipani said. "We will retain our strong, profitable and growing apparel, jewelry, and jeanswear businesses." He added that the changes should help the company to "be well positioned for the future."Nine West said it expects to continue operating normally during the bankruptcy process.The company, which has been owned by Sycamore Partners Management since 2014, joins a growing list of retailers that have filed for bankruptcy this year. Claire's filed for bankruptcy last month, and Toys "R" Us in September. The toy seller said recently that it is closing or selling all of its US stores.Last year, more than 7,000 stores closed, which set a record.Retailers have been struggling to compete with online retailers like Amazon, and suffering from the death of the mall. Many have also struggled to survive under mountains of debt.The-CNN-Wire 1524
NEW YORK CITY — A woman was seriously injured Monday night when a man unexpectedly pushed her into a train pulling into a Manhattan subway station, according to the NYPD.Police said the shoving happened around 9:30 p.m. at the West 4th Street-Washington Square subway station near Sixth Avenue in Greenwich Village.The 55-year-old woman was standing on the platform when the man suddenly pushed her into a moving train pulling into the station, officials said.The victim hit the side of the train and then fell back onto the platform, police said.She was rushed to a nearby hospital in serious condition. The NYPD later said the woman sustained a fractured spine and broken neck in the seemingly random attack.Police responded and took a Queens man, who they believed to be responsible, into custody, according to authorities.Matthew Montanez, 23, was arrested on charges including felony assault and felony reckless endangerment, the NYPD said.This story was originally published by Mark Sundstrom on WPIX in New York City. 1032
NEW YORK – Wall Street clawed back the last of the historic, frenzied losses unleashed by the coronavirus, as the S&P 500 closed at an all-time high Tuesday.The benchmark index notched a modest 0.2% gain to beat its previous record high set on Feb. 19, before the pandemic shut down businesses around the world and knocked economies into their worst recessions in decades.The S&P 500′s milestone caps a furious 51.5% rally that began in late March.Tremendous amounts of aid from the Federal Reserve and Congress helped launch the rally, which built momentum on signs of budding growth in the economy. 616
NEW YORK (AP) — Johnny Depp has exited the "Fantastic Beasts" franchise following his failed libel case against The Sun tabloid newspaper for a 2018 article that labeled him a "wife-beater." Depp said Friday in a letter posted on Instagram that he would depart the role of dark wizard Gellert Grindelwald after the studio requested his resignation. Depp said his announcement came "in light of recent events." On Monday, a U.K. judge ruled that an April 2018 article in the British tabloid, which accused him of assaulting his then-wife and fellow actor Amber Heard, was not libelous.Warner Bros. confirmed Depp's departure and said the role will be recast. "We thank Johnny for his work on the films to date," the studio said in a statement. The third "Fantastic Beasts" film is currently in production. 812