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Best Buy informed its employees on Wednesday of plans to close all 250 of its mobile standalone stores in the United States by the end of May, a company spokesperson confirmed. The stores are predominately located within malls and are much smaller than Best Buy's big box stores. The mobile standalone shops are mostly used for the sale of cellphones and accessories. These locations do not sell some of Best Buy's bigger ticket items such as televisions, computers and appliances. The standalone stores are only responsible for 1 percent of Best Buy's overall revenue.Although thousands of employees will be affected by Wednesday's announcement, the company said the goal is to transfer employees currently working in standalone stores into Best Buy's big box locations. Best Buy said that 85 percent of its standalone stores are within 3 miles of a big box store. "Employees will have three months to work with internal recruiters, and field and store leaders across the country are rallying to help transition employees to big box stores and open in-home advisor roles," Best Buy CEO Hubert Joly wrote in a letter to employees, and shared with Scripps. "For those who leave the company after May 31, we will give them severance and assist them in finding roles outside Best Buy."Despite Best Buy closing its mall locations, the big box stores will continue selling cellphones and accessories. "We feel good about the opportunity to retain customers and transition them to another one of our sales channels. In summary, we are very excited by our Mobile business and its prospects for growth," Joly wrote. 1666
BOSTON (AP) — Four more parents pleaded guilty on Monday in the college admissions bribery scandal, and a Texas man accused of helping to orchestrate the scheme also agreed to reverse his plea and accept guilt.Parents Douglas Hodge, Michelle Janavs, Manuel Henriquez and Elizabeth Henriquez entered guilty pleas in Boston's federal court Monday after previously pleading not guilty. Each faces charges of money laundering and conspiracy to commit mail and wire fraud.Martin Fox, the president of a private tennis club in Houston, also agreed to plead guilty by Nov. 20 in a deal that prosecutors announced Monday. He is charged with racketeering.Authorities say Fox brokered bribes to help wealthy parents cheat on their children's college entrance exams at a Houston testing site. He's also accused of arranging bribes to get two students admitted to the University of San Diego as recruited athletes, and one student to the University of Texas. He will return the 5,000 he received through the scheme, according to his plea deal.Fifteen other parents previously pleaded guilty as part of plea agreements. Prosecutors agreed to request lighter sentences for those parents since they took responsibility earlier. But the four new parents had no such deals, and they face additional charges of money laundering that could bring weightier sentences.Out of 10 parents sentenced so far, nine have been dealt prison time, with terms ranging from 14 days to five months. Another 15 parents are fighting charges tied to the scheme. Their trials are expected to begin sometime in 2020.Hodge, of Laguna Beach, California, was accused of paying more than 0,000 in bribes to get two of his children into the University of Southern California. Authorities say he paid 0,000 to get his daughter admitted as a soccer recruit in 2013, and 5,000 to get his son in as a football recruit in 2015. Neither played on those sports teams.Hodge, a former CEO of the Pacific Investment Management Company, is scheduled to be sentenced in January 2020. He apologized in a statement Monday, saying he takes full responsibility for his conduct."I have always prided myself on leading by example, and I am ashamed of the decisions I made," he said. "I acted out of love for my children, but I know that this explanation for my actions is not an excuse."Janavs, of Newport Coast, California, is accused of paying 0,000 to get her son admitted to Georgetown University as a fake tennis recruit in 2017. She separately paid 0,000 to help two of her daughters cheat on the ACT exam in 2017 and 2019, prosecutors said.Janavs is a former executive of Chef America Inc., a food producer that created the Hot Pocket frozen snack. She is set to be sentenced in February.Manuel and Elizabeth Henriquez, of Atherton, California, are accused of paying 0,000 in bribes to get their oldest daughter into Georgetown as a fake tennis recruit in 2016. They're also accused of paying to help two of their daughters cheat on college entrance exams a total of four times.Manuel Henriquez is the founder and former CEO of Hercules Capital, a finance firm in Palo Alto, California. The couple is scheduled to be sentenced in March. 3210

BROOKSVILLE, Fla. -- A Brooksville, Florida elementary school gave all of its teachers pink slips on Friday, the school district said it's an effort to make the school better."It should’ve came from the school. Not have to hear the news through Facebook," said father Andrew Beck. Facebook is how he found out that all the teachers at his children’s school were given pink slips. The school, Moton Elementary, which is a "Double D" school and the lowest performing school in Hernando County.During a faculty meeting on Friday teachers were notified they would be done working at Moton after the school year. Tenured teachers are to be reassigned.The district says they made the announcement before the end of the school year to give non-tenured teachers time to look for other jobs. "To see what many of them are going through right now, its heartbreaking," said Megan Oates, a former Moton teacher. Megan Oates and Bridie Jones both taught at Moton for more than 10 years before quitting last year."I no longer felt like I had the support that I needed to do my job," said Jones. Bridie Jones owns Lake Lindsey Mall and Deli where both teachers now work.They say they’re much happier without the stress and pressure they faced from the constant critiquing of teaching at Moton."It was a lot of stress. Every day you had a different administrator walk into your room. They were looking for a reason that Moton was a "D" school and they came in and picked us apart every single day," said Jones.But they say it isn’t the teacher’s fault. Jones says Moton needed help and more staff but the school district didn’t listen."As a teacher you're told, you don’t punish the whole class if something’s not working because it’s not fair to the ones who weren’t a part of that," said Oates. The school district sent a letter home to parents on Monday explaining that the decision was made because the school was facing closure or state takeover. The letter states in short:“With a fresh cadre of teachers coming on board, Moton is positioned to return to a high performing school.”As for parents, they say they're concerned about the decision and just want what is best for their kids."I think it's bad for their education. I think they deserve better," said Beck. 2328
Best Buy is joining Walmart and Target this pandemic year and spreading its Black Friday sales through the entire month of November.The electronics retailer has just released its Black Friday ad, and plans to get a jump on the competition by starting some of its big sales immediately, before the young ones have even gone trick-or-treating.It's all designed to get people shopping earlier this year, to spread out crowds in its stores, and avoid shipping issues the day after Thanksgiving.In addition, with COVID-19 surging in many areas, local authorities could place new limits on store hours, so no one wants to be caught flat-footed or empty-handed.The savings site BestBlackFriday.com says:Many of Best Buy’s Black Friday deals are available now through Nov. 1The biggest deals will also be available during Best Buy's Black Friday sale (which starts on Nov. 16 for My Best Buy members and on Nov. 22 for everyone else)Best Buy will be closed on Thanksgiving DayThe store will open from 5 a.m. to 10 p.m. on Black Friday (pending local COVID-19 rules)What to buy nowBest Black Friday says Halloween weekend will be a great time to grab:Apple Watches: off the new Apple Watch 6Echo Dot (3rd gen.) for .99 ( off)Echo Fire TV Stick Lite for .99 ( off), which Best Black Friday says beats Amazon's priceRing Video Doorbell 3 for 9.99 ( off)Robot vacuums: iRobot Roomba 960 Wi-Fi Connected Robot Vacuum for 9.99 (0 off)Some TVs, such as a Hisense 65-inch 4K Smart TV for 9 (0 off)What to wait to buyBest Black Friday says many of the biggest markdowns will hit during the true Black Friday sale on November 16 for members, and November 22 for the general public.It suggests waiting till mid-November for:Gaming consolesApple AirPodsiPhonesMany of the biggest TVsLearn more at Best Buy's Black Friday website.And see how Walmart is spreading their sales over three separate November dates in our report on Walmart's Black Friday.As always, don't waste your money._______________Don't Waste Your Money" is a registered trademark of Scripps Media, Inc. ("Scripps").Like" John Matarese Money on FacebookFollow John on Instagram @johnmataresemoneyFollow John on Twitter (@JohnMatarese)For more consumer news and money saving advice, go to www.dontwasteyourmoney.com 2303
BEIJING — The U.S. says it has ordered China to close its consulate in Houston “to protect American intellectual property" and the private information of Americans. However the U.S. State Department did not elaborate on what prompted the closure. China is strongly condemning the move, which comes at a time of rising tensions between the world’s two largest economies. A spokesperson for the State Department told CNN that China "has engaged for years in massive illegal spying and influence operations" and that those "activities have increased markedly in scale and scope over the past few years."A foreign ministry spokesperson called it “an outrageous and unjustified move that will sabotage relations between the two countries.” He warned of firm countermeasures if the U.S. does not reverse its decision, which he said the consulate was informed of on Tuesday. 876
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