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(CNN) -- Jollibee, the Philippines' largest fast food chain, is taking a big step to expand its business internationally.The company said it plans to acquire California-based Coffee Bean & Tea Leaf, which has nearly 1,200 stores across more than 25 countries. The brand's cafes serve brewed coffee and sweet blended drinks like chocolate cookie lattes and frozen mango sunrise ice blended tea.Jollibee wants to focus on growing the Coffee Bean & Tea Leaf brand in Asia. In a press release, Jollibee's Chairman Tony Tan Caktiong said the deal will enable the company to "become an important player in the large, fast growing and profitable coffee business."Starbucks and Luckin Coffee have also been expanding their Asian businesses. Luckin announced this week it will partner with Kuwait-based company The Americana Group to set up a coffee retail business in the Middle East and India. And Coca-Cola bought Costa Coffee for billion last year to catch onto the growing international coffee scene.Jollibee said the total value of the Coffee Bean & Tea Leaf deal will be 0 million, with 0 million invested into a new Singapore-based holding company.Jollibee has a dedicated fanbase for its signature brand's fried chicken and sweet spaghetti. The company currently operates 3,195 stores in the Philippines and 1,418 in countries ranging from the United States to Saudi Arabia. The company says the new deal would grow the international business to 36% of all sales. 1492
(KGTV) - A Los Angeles real estate CEO accused of gaining preference for admission to University of San Diego for his children was one of three parents who pleaded guilty Friday in the college bribery scandal. Robert Flaxman admitted in a Boston courtroom he agreed to pay Rick Singer, the head of a college admissions company, ,000 to partake in the college entrance exam cheating scheme for his daughter. Flaxman’s daughter, who was accepted to USD but did not attend, had a proctor to boost her ACT scores, prosecutors said. RELATED: CEO behind college admissions cheating scam wanted to help the wealthy Under his plea agreement to one count of conspiracy to commit mail fraud and honest services mail fraud, Flaxman agreed to the government’s recommendation of a sentence at the low end of the guidelines sentencing range, one year of supervised release, a fine of ,000, restitution, and forfeiture. Prosecutors also alleged early in the investigation Singer doctored Flaxman’s son’s college essay and application and sent them to a USD varsity coach, later identified by the university as former basketball coach Lamont Smith . Sixteen parents have pleaded guilty, including “Desperate Housewives" star Felicity Huffman. She is due to be sentenced in September. RELATED: College admissions scandal: San Diego woman sues University of San Diego, other schools over alleged scam Nineteen other parents are fighting the charges. They include actress Lori Loughlin and her fashion designer husband, Mossimo Giannulli. Associated Press contributed to this report. 1578
(KGTV) - A man accused of leading police on a lengthy, high-speed pursuit in Oklahoma City Friday recorded the incident on Facebook Live.Sirens could be heard blaring in the background as the man drives the reportedly stolen truck. The man identified himself as the suspect in the chase, yelling, "I'm in a high-speed chase, bro!" out the window at another person.Watch the video below:At least three crashes were caused as a result of the hours-long chase, according to KOCO in Oklahoma.The chase began on Interstate 240 in southwest Oklahoma City and continued into Moore, OK. The truck lost its trailer while going through a field and at one point another vehicle tried to intervene, pulling alongside the truck and blocking it. RELATED: Oklahoma City Police chase stolen truck's driver down freeway, through fieldsThe driver of that vehicle got out of their vehicle and reportedly tried to shoot out the suspect's tires with a gun.The suspect was arrested after crashing their vehicle into a nearby pond. The suspect tried to run but was tased by authorities and placed into custody. 1110
(KGTV) - If the House votes to impeach President Trump but the Senate fails to convict, does that nullify Trump's first term and allow him to run two more times?No.Conspiracy theorist Jack Posobiec tweeted "These Democrats don't realize that if they impeach Trump and the Senate doesn't confirm it then nullifies Trump's first term and he gets to run two more times."But that is completely untrue.If the House votes to impeach but two-thirds of senators fail to convict, President Trump would stay in office. But it would not nullify his current term.This is exactly what happened with President Bill Clinton in 1998.The Senate failed to convict after the House voted to impeach. But Clinton, who was in his second term, wasn't allowed to run again. 759
(KGTV) - Do you know what to do if you see a shark? The risk is rare, but it helps to be prepared if you plan to swim or surf at San Diego beaches.Experts have tips on how to fight off sharks in the ocean, and how to avoid encountering them in the first place!HOW TO AVOID SHARKSTips from the International Shark Attack File can keep you safe if the thought of encountering a shark terrifies you. 410