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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
Next week will be the most-traveled in the history of flying, travel analysts are predicting.Records will be set, those in the travel industry say. There will be huge crowds moving through airports to visit family and friends for Thanksgiving.It won't be easy for air travelers, especially on Wednesday, Nov. 21, ValuePenguin reports. Most travelers know to get to airports well ahead of their departure times. But seriously, go early — it will be the busiest day of the year for airports, and the extra time is crucial to making it to a terminal on time. 583
NEW YORK (AP) — President Donald Trump's son Eric is willing to comply with a subpoena to testify in a New York investigation into the family's businesses, but only after the November election. Trump lawyers argued in a Thursday court filing that Eric Trump's "extreme travel schedule" related to his father's re-election campaign prevented earlier testifying in Attorney General Letitia James' civil probe. They said they also want "to avoid the use of his deposition attendance for political purposes." According to NBC News, James issued a statement on Thursday saying that "no one is above the law."A message seeking comment was left with James' office. James, a Democrat, went to court last month to compel Eric Trump and other business associates to testify and turn over documents as part of an investigation into whether Trump's company lied about asset values in order to get loans or tax benefits.Trump agreed to testify in July, but backed out two days prior, NBC News reported. 997
Nestle and Starbucks are teaming up to create a "global coffee alliance."Under the deal, Nestle will pay .2 billion to market, sell and distribute Starbucks' packaged products around the world, the companies said Monday.Nestle already has a significant presence in the coffee business with well-known brands like Nescafe and Nespresso. It's now adding Starbucks coffee and tea products to the list.The agreement only covers Starbucks' packaged goods sold outside the US company's stores. It doesn't include Starbucks' ready-to-drink coffee, tea or juices.Starbucks CEO Kevin Johnson said the deal "will bring the Starbucks experience to the homes of millions more around the world."The deal still needs approval from regulators and is expected to be finalized in summer or early fall this year, the companies said.About 500 Starbucks employees will join Nestle under the agreement, the Switzerland-based company said.It said the Starbucks packaged goods business generates annual revenue of about billion a year. 1031
NEW YORK (AP) — The storied New York clothier Brooks Brothers is filing for bankruptcy protection.The company that says it’s put 40 U.S. presidents in its suits survived two world wars and navigated through casual Fridays and a loosening of dress standards even on Wall Street, but the coronavirus pandemic pushed the 200-year-old company into seek Chapter 11 protection Wednesday.A spokesperson for the retailer told CNBC that the company has been evaluating strategic options to position them for success, including a potential sale of the business.Another famed men’s clothier, Barneys of New York, sought bankruptcy protection last year, and it was followed by a slew of others toppled by the pandemic, including Neiman Marcus, J.Crew and J.C. Penney.More bankruptcies are anticipated in the retail sector which has been rattled by the spread of COVID-19. 867
来源：资阳报