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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 – Wall Street clawed back the last of the historic, frenzied losses unleashed by the coronavirus, as the S&P 500 closed at an all-time high Tuesday.The benchmark index notched a modest 0.2% gain to beat its previous record high set on Feb. 19, before the pandemic shut down businesses around the world and knocked economies into their worst recessions in decades.The S&P 500′s milestone caps a furious 51.5% rally that began in late March.Tremendous amounts of aid from the Federal Reserve and Congress helped launch the rally, which built momentum on signs of budding growth in the economy. 616

NEW YORK – Wall Street clawed back the last of the historic, frenzied losses unleashed by the coronavirus, as the S&P 500 closed at an all-time high Tuesday.The benchmark index notched a modest 0.2% gain to beat its previous record high set on Feb. 19, before the pandemic shut down businesses around the world and knocked economies into their worst recessions in decades.The S&P 500′s milestone caps a furious 51.5% rally that began in late March.Tremendous amounts of aid from the Federal Reserve and Congress helped launch the rally, which built momentum on signs of budding growth in the economy. 616

NEW YORK (AP) — Jeffrey Epstein’s longtime confidante Ghislaine Maxwell has been transferred to New York to face charges she recruited women and girls for him to sexually abuse.The Bureau of Prisons confirmed that Maxwell was transferred Monday and is currently being held at the Metropolitan Detention Center in Brooklyn.Prosecutors have asked a judge to schedule a Friday court appearance in Manhattan federal court for Maxwell.The 58-year-old was arrested last week at a million estate she had purchased in New Hampshire.Maxwell was the former girlfriend and longtime close associate of Epstein, who killed himself in a Manhattan jail last August while he awaited trial on federal sex trafficking charges.She has denied wrongdoing and called claims against her “absolute rubbish.” 794

NEW YORK — Author Joanna Cole, whose “Magic School Bus” books transported millions of young people on extraordinary and educational adventures, has died at age 75. Scholastic says Cole, a resident of Sioux City, Iowa, died Sunday. With the ever maddening but inspired Ms. Frizzle leading her students on journeys that explored everything from the solar system to underwater, “Magic School Bus” books have sold tens of millions of copies and were the basis for a popular animated TV series and a Netflix series. Ms. Frizzle was based in part on a teacher Cole had growing up. Plans for a live-action movie, with Elizabeth Banks as Ms. Frizzle, were recently announced. 675