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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 (AP) — Stocks fell sharply on Wall Street Thursday as high-flying technology companies took a tumble after months of spectacular gains. The benchmark S&P 500 lost 3.5%, its biggest loss since June, and the tech-heavy Nasdaq fell 5%. Both indexes set record highs a day earlier. Apple, the most valuable U.S. company, slumped 8%. Big Tech companies have made outsize gains this year as investors bet that they would continue posting huge profits, even with many coronavirus restrictions still in place, as people spend more time online with their devices. Some worry those tech companies will be hit hard in a souring US-China relationship and any future tariffs, according to CNN. Treasury yields fell as cautious investors shifted money into bonds. 770

NEW YORK (AP) — A former aide to New York Gov. Andrew Cuomo who is now running for Manhattan borough president is accusing the Democratic governor of sexual harassment.Lindsey Boylan tweeted Sunday that she was sexually harassed by Cuomo "for years."Yes, @NYGovCuomo sexually harassed me for years. Many saw it, and watched. I could never anticipate what to expect: would I be grilled on my work (which was very good) or harassed about my looks. Or would it be both in the same conversation? This was the way for years.— Lindsey Boylan (@LindseyBoylan) December 13, 2020 In another tweet, Boylan said she has no interest in speaking with journalists. She said her worst fear is that sexual harassment continues, and her second is having to talk about it and relieve it.“I am about validating the experience of countless women and making sure abuse stops,” she wrote.Boylan worked for the Cuomo administration from March 2015 to October 2018. She served first as executive vice president of Empire State Development and then as a special adviser to Cuomo for economic development.Cuomo’s press secretary Caitlin Girouard says there is "simply no truth to these claims.”Boylan did not provide details of the alleged harassment and didn’t immediately respond to messages from The Associated Press. 1302

Nine undocumented immigrants were detained Thursday after a small panga boat landed in Laguna Beach, California, according to police.Seven people who came off the boat were detained, the Laguna Beach Police Department said, in addition to 2 drivers who were in what police described as "take-away" vehicles waiting to pick the migrants up.All 9 are undocumented, according a spokesman for the US Customs and Border Patrol, and their countries of origin are unknown.A panga is a boat often used for working off the coast of Mexico or Central America, according to the US Coast Guard. The engine-powered vessels are typically 25 to 45 feet long.They're also popular for smuggling, according to Theron Francisco, a border patrol spokesman.Laguna Beach police said there were actually a total of 13 individuals who came ashore in the boat. The department shared a video on its Twitter page that appeared to be shot from a nearby balcony, showing the group pulling the panga boat out of the surf before making their way up the beach.Similar incidents played out in the area earlier this year.On June 19, another panga boat came ashore in Crystal Cove State Park, just north of Laguna Beach, police said in a press release at the time. Four men were detained by CBP following a multi-agency search of the area, Laguna Beach police said.And in May, 10 undocumented immigrants were arrested after their panga boat came ashore in La Jolla outside San Diego, according to CNN affiliate KGTV.Thursday's detentions took place as thousands of Central American migrants seeking asylum in the United States are waiting in the Mexican border city of Tijuana. 1680

New research confirms that temperature and symptom checks miss many coronavirus infections. A study published Wednesday found that these measures failed to detect infections in new Marine recruits before they started training, even after several weeks of quarantine. Many recruits had no symptoms yet still spread the virus. The work has implications for colleges, prisons, meatpacking plants and and other places that rely on symptom screening. Doctors say more COVID-19 testing is needed, especially in younger people who often don't develop symptoms.“We spent a lot of time putting measures like that in place and they’re probably not worth the time as we had hoped,” said Jodie Guest, a public health researcher at Atlanta’s Emory University who had no role in the research.“Routine testing seems to be better in this age group” because younger adults often have no symptoms, she said.The study was led by researchers from the Icahn School of Medicine at Mount Sinai in New York and the Naval Medical Research Center.It involved 1,848 Marine recruits, about 90% of them men, who were told to isolate themselves for two weeks at home, then in a supervised military quarantine at a closed college campus, The Citadel in Charleston, South Carolina, for two more weeks. That included having a single roommate, wearing masks, keeping at least 6 feet apart and doing most training outdoors. They also had daily fever and symptom checks.The recruits were tested for coronavirus when they arrived for the military quarantine and 7 and 14 days afterward. Sixteen, or about 1%, tested positive on arrival and only one had any symptoms. Another 35 -- an additional 2% -- tested positive during the two-week military quarantine and only four had symptoms.Only recruits who tested negative at the end of both quarantine periods were allowed to go on to Parris Island for basic training.Genetic testing revealed six separate clusters of cases among the recruits.A separate study published Wednesday in the New England journal reports on an outbreak last spring on the aircraft carrier USS Theodore Roosevelt. Among the crew of 4,779, mostly young people, 1,271 became infected; 77% did not show symptoms when diagnosed and 55% never developed any.The case shows that “young, healthy persons can contribute to community spread of infection, often silently,” Dr. Nelson Michael of the Walter Reed Army Institute of Research wrote in a commentary. 2442