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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) — A federal judge on Sunday postponed a Trump administration order that would have banned the popular video sharing app TikTok from U.S. smartphone app stores around midnight. A more comprehensive ban remains scheduled for November, about a week after the presidential election. The judge, Carl Nichols of the U.S District Court for the District of Columbia, did not postpone that later ban. The ruling followed an emergency hearing Sunday morning in which lawyers for TikTok argued that the administration’s app-store ban would infringe on First Amendment rights and do irreparable harm to the business.Earlier this year, President Donald Trump declared that TikTok, owned by Chinese company ByteDance, was a threat to national security and that it must either sell its U.S. operations to American companies or be barred from the country.TikTok is still scrambling to firm up a deal tentatively struck a week ago in which it would partner with Oracle, a huge database-software company, and Walmart in an effort to win the blessing of both the Chinese and American governments. In the meantime, it is fighting to keep the app available in the U.S.TikTok said in a statement that it was pleased with the court ruling and continues to work to turn its deal proposal into an actual agreement. The Commerce Department, which is responsible for the specific orders banning TikTok, said it will comply with the judge’s order but intends to vigorously defend the administration’s efforts against the app. 1519
NEW YORK — The year 2020 will go down as the deadliest in U.S. history, with deaths topping 3 million for the first time.It's due mainly to the coronavirus pandemic that has already killed more than 318,000 Americans and counting.Final mortality data for this year will not be available for months. But preliminary data suggest that the nation is on track to see more than 3.2 million deaths this year, or at least 400,000 more than in 2019.The increase would be about 15%, and possibly more. As a percentage increase, that would mark the largest single-year jump since 1918.That year, The Associated Press found deaths rose 46% compared to 1917, largely due the thousands of soldiers who died in World War I and the hundreds of thousands of Americans who died during the Spanish flu pandemic. 801
NOBLESVILLE, Ind. — President Donald Trump thanked an Indiana teacher for helping thwart a school shooting on Friday at Noblesville West Middle School outside of Indianapolis."Thanks to very brave Teacher & Hero Jason Seaman of Noblesville, Indiana, for his heroic act in saving so many precious young lives. His quick and automatic action is being talked about all over the world!" Trump tweeted.Seaman is a science teacher at the school, and multiple students on the scene say Seaman was the teacher who helped stop the shooter.His mother, Kristi, says her son was shot in the abdomen, the hip and the forearm, according to her Facebook page. She says Jason is out of surgery and is "doing well."According to his LinkedIn page, Seaman has been a science teacher at Noblesville schools since July 2014. He is also the head football coach for the seventh-grade team.A student who was in the classroom at the time of the incident credited the teacher with stopping the shooting from being worse than it was.Southern Illinois University football also tweeted about Seaman. He was a defensive end for the Saluki's from 2007-10. 1141
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. Genetic testing revealed six separate clusters of cases among the recruits.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.An estimated 20% of coronavirus infections do not result in symptoms. The good news is those who are asymptomatic generally do not spread the virus as easily as those who have symptoms, according to a University of Minnesota study. 868