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WILLIAMSVILLE, NY — Rep. Chris Collins, who was charged with insider trading Wednesday, has announced in a statement that he will be suspending his campaign for re-election to Congress in New York's 27th District. Collin's Statement: 266
WESTLAKE VILLAGE (CNS) - Westlake Village-based Guitar Center, the country's largest retailer of instruments and musical equipment, joined a growing list of companies impacted by the economic toll of the COVID-19 pandemic, filing for bankruptcy, according to a report Sunday.Guitar Center has about 300 stores across the U.S., and its sister brands include Music & Arts, which has more than 200 stores specializing in band and orchestral instruments for sale and rent, according to the Los Angeles Times.The filing in the Eastern District of Virginia gives the company a break on its debts by letting it stay in business as it seeks to carry out a restructuring plan, the Times reported.According to the report, a restructuring support agreement announced Nov. 13 requires new financing backed by existing creditors, in addition to 5 million in new equity investments from its parent company, Ares Management Corp., as well as the Carlyle Group and Brigade Capital Management.Moody's Investor Service explained that the coronavirus shutdown has hit nonessential retailers hard, and that Guitar Center was particularly vulnerable because musical instruments are highly discretionary item. The company's stores were shut down in mid-March when the pandemic began in earnest. Since then, the Times reported, it has reopened some locations while maintaining online operations.Guitar Center claims it has liabilities of between billion and billion, with a similar range for its assets, according to the filing.According to the report, Ares acquired the company in 2014 in an out-of-court restructuring of Guitar Center's substantial debt load, the result of a deal by Bain Capital LP in 2007 to take it private. 1728
With coronavirus cases spreading among White House staff, the Commission on Presidential Debates confirmed Monday evening that a Plexiglas partition will be used on stage during Wednesday’s vice presidential debate.Peter Eyre, a senior adviser to the debate commission, said that the candidates will be seated 12 feet, 3 inches apart, and that there will be no handshakes allowed on stage between the candidates or moderator.Eyre added that the candidates, Vice President Mike Pence and Senator Kamala Harris, will be tested for the coronavirus before the debate. For the previous debate, the candidates were responsible for their own coronavirus testing.Only the candidates and moderator will be allowed to not wear a mask during the debate, also a change from last week’s presidential debate. During last week’s presidential debate, members of President Donald Trump’s entourage took off their masks during the debate.Eyre said that a small number of ticketed guests will be allowed into the debate hall in Utah.“If anyone does not wear a mask, they will be escorted out,” Eyre confirmed.Plexiglas was also used in last Saturday's US Senate debate between Republican Lindsey Graham and Democrat Jamie Garrison. A Pence aide said a divider was "not needed."“If she wants it, she’s more than welcome to surround herself with plexiglass if that makes her feel more comfortable,” Marc Short, the vice president’s chief of staff, told the Washington Post. “It’s not needed.” 1479
With Christmas right around the corner, many businesses around San Diego County are getting ready to open their doors to sell fresh Christmas trees. Many of the farms begin welcoming customers the day after Thanksgiving, when people typically start decorating for Christmas. Check out the list below to find out where you can grab a fresh Christmas tree: 378
When Sen. John McCain's family announced Friday that he was ending medical treatment?for aggressive brain cancer, the news shook Capitol Hill and prompted support from his Republican and Democratic colleagues alike. But one prominent voice was missing: President Donald Trump's.The White House press office did not react to the news, and when Trump traveled to Ohio in the evening he did not mention the ailing senator in a nearly hour-long speech to Ohio Republicans, which ran a gamut of topics from the death of Mollie Tibbetts to NFL protests to Kanye West.In past months, Trump has frequently referenced McCain's 2017 health care vote on the campaign trail without naming him, drawing the ire of the Arizona Republican's family."One of our wonderful senators said 'thumbs down' at 2 o'clock in the morning," the President said at a campaign event for New York's Rep. Claudia Tenney earlier this month.The senator's daughter, conservative commentator Meghan McCain, called Trump's comments "gross and pathetic" at the time.Although Trump claimed the Senate was one vote away, in reality the vote was only to go to conference with the House on the Senate's "skinny repeal" of Obamacare.The President did not repeat that reference, which has become a familiar refrain in his stump speech, on Friday evening.Trump also did not mention McCain at a signing ceremony earlier this month at Fort Drum, New York, for a defense spending bill the senator had spearheaded, the John S. McCain National Defense Authorization Act.Trump expressed support for McCain when the senator's tumor was first diagnosed."Senator John McCain has always been a fighter," the President said in a statement at the time. "Melania and I send our thoughts and prayers to Senator McCain, Cindy, and their entire family. Get well soon."A White House official said Trump also called McCain following word of the senator's diagnosis.And before that health care vote, the President called McCain an "American hero" in a tweet.Speaking to reporters on the South Lawn of the White House last December, Trump said he had talked with the senator's wife."I did speak to Cindy McCain, and I wished her well. I wished John well. They've headed back, but I understand he'll come if we ever needed his vote, which hopefully we won't. But the word is John will come back if we need his vote, and it's too bad," Trump said.He continued, "It's tough. He's going through a very, he's going through a very tough time. There's no question about it, but he will come back if we need his vote."The two have had a tortured relationship and McCain, who was diagnosed with glioblastoma, an aggressive form of brain cancer, in July 2017, has been one of the administration's most outspoken Republican critics.Trump has previously attacked McCain's record of service, saying the Vietnam veteran and one-time prisoner of war is "not a war hero" because he was captured."He is not a war hero," Trump told pollster Frank Luntz, who was hosting a July 2015 question-and-answer session at the Family Leadership Summit in Ames, Iowa."He is a war hero," Luntz interjected."He is a war hero because he was captured?" Trump said, cutting him off. "I like people that weren't captured, OK? I hate to tell you. He is a war hero because he was captured. OK, you can have -- I believe perhaps he is a war hero."Trump has since acknowledged that McCain is a hero, but he refused to apologize in subsequent interviews. 3511