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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
WH Chief of Staff Mark Meadows on Fox & Friends on discharge: "The doctors will actually have an evaluation some time late morning and then the president, in consultation with the doctors, will make a decision on whether to discharge him later today." pic.twitter.com/zBbeDiO44m— The Recount (@therecount) October 5, 2020 333

When Dr. Harold Bornstein described in hyperbolic prose then-candidate Donald Trump's health in 2015, the language he used was eerily similar to the style preferred by his patient.It turns out the patient himself wrote it, according to Bornstein."He dictated that whole letter. I didn't write that letter," Bornstein told CNN on Tuesday. "I just made it up as I went along."The admission is an about face from his answer more than two years when the letter was released and answers one of the lingering questions about the last presidential election. The letter thrust the eccentric Bornstein, with his shoulder-length hair and round eyeglasses, into public view."His physical strength and stamina are extraordinary," he crowed in the letter, which was released by Trump's campaign in December 2015. "If elected, Mr. Trump, I can state unequivocally, will be the healthiest individual ever elected to the presidency."The missive didn't offer much medical evidence for those claims beyond citing a blood pressure of 110/65, described by Bornstein as "astonishingly excellent." It claimed Trump had lost 15 pounds over the preceding year. And it described his cardiovascular health as "excellent."The White House didn't respond to a request for comment about Bornstein's claim.Later, as questions mounted over the health both of Trump and his rival Hillary Clinton, Bornstein offered a more businesslike assessment, listing things such as Trump's height, weight and prescription medications.He later told CNN's Drew Griffin he'd dashed off the first letter as he was seeing patients."I was just rushed for time," he said in September 2016. "I had people to see."He insisted then that the words were his own."Did I really write that letter? Yeah," he said.Now, as Bornstein re-enters the spotlight claiming Trump's ex-bodyguard Keith Schiller robbed his office when Schiller retrieved Trump's medical records, the story behind the letter is becoming clearer."That's black humor, that letter. That's my sense of humor," he said. "It's like the movie 'Fargo': It takes the truth and moves it in a different direction."He said Trump read out the language as Bornstein and his wife were driving across Central Park."(Trump) dictated the letter and I would tell him what he couldn't put in there," he said. "They came to pick up their letter at 4 o'clock or something." 2369
White House lawyer Ty Cobb is leaving his position, the White House said Wednesday."For several weeks Ty Cobb has been discussing his retirement and last week he let chief of staff (John) Kelly know he would retire at the end of this month," White House press secretary Sarah Sanders said in a statement.The New York Times first reported the news."It has been an honor to serve the country in this capacity at the White House," Cobb told the Times. "I wish everybody well moving forward."The Times, citing two people briefed on the matter, said attorney Emmet Flood would replace Cobb as the President continues to grapple with the special counsel investigation led by former FBI Director Robert Mueller. Flood represented then-President Bill Clinton during his impeachment process in the late 1990s.Cobb, a former federal prosecutor, joined Trump's legal team in July 2017. 882
WEST PALM BEACH, Florida — A Delta Airlines flight from Detroit, Michigan to West Palm Beach, Florida has landed safely after blowing a tire.Delta flight 1930 departed Detroit Metro Airport at 8:30 a.m. and landed at Palm Beach International Airport just after 11 a.m. Eastern.An airport spokesperson told WXYZ in Detroit that crews responded to a level two alert, which indicated a mechanical malfunction of some kind.Video shows the plane taxied safely to the gate where it was surrounded by emergency vehicles.No one was injured. It's not clear how many people were on the plane. 595
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