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Hazmat situation started when police were called for a suspected overdose in Walmart parking lot in Oberlin. During response ofc&suspect were exposed to substance which caused them to become unresponsive according to police. #WEWS pic.twitter.com/GKNzOVrJ3v— Tracy Carloss (@TracyCarloss) October 29, 2019 321
If Santa brought you cash this holiday season, the IRS might have a less exciting present of its own for you in April. Three tax pros share tips for knowing whether your holiday haul might turn into a lump of coal this tax season — and what to do about it.Cash giftsIf a friend or family member gave you a check in December, you probably don’t have to pay taxes on it. “If you get cash from anyone as just a gift with no expectation of anything in return, it’s never taxable to the recipient,” says Kristie DeLuca, a certified public accountant and partner at Samet & Company in Chestnut Hill, Massachusetts. The giver might have to do some extra paperwork at tax time, though.What might happen: The giver might have to file a gift tax return if the gift was more than ,000. The good news is that sizable IRS annual and lifetime giving exclusions mean the giver doesn’t necessarily have to pay an actual 923
House Judiciary Chairman Jerry Nadler said Sunday the committee will call Attorney General William Barr to testify "in the near future.""In light of the very concerning discrepancies and final decision making at the Justice Department following the Special Counsel report, where Mueller did not exonerate the President, we will be calling Attorney General Barr in to testify before @HouseJudiciary in the near future," the New York Democrat tweeted.Barr submitted to Congress on Sunday his summary of the main conclusions from special counsel Robert Mueller's investigation into Russian interference in the 2016 election.In the letter, Barr said Mueller did not find President Donald Trump's campaign or associates conspired with Russia. Barr wrote Mueller did not have sufficient evidence to prosecute obstruction of justice, but he 846
Gap and Old Navy have been trending in opposite directions for years. So they're finally splitting up.Gap said Thursday that it would break into two companies. One of the companies will contain Old Navy, while the other yet-to-be-named business, currently called NewCo, will comprise Gap, Banana Republic and other brands, including Athleta and Hill City.The move is designed to allow Old Navy — which has grown to billion in annual sales since it opened its first store in 1994 — to expand on its own. Meanwhile, the company can consolidate its older brands like Gap and Banana with its newer ones like Athleta and Hill City. NewCo will have about billion in annual sales."We think the best way for each company to grow and meet the evolving needs of our customers is to allow them to pursue tailored strategies separately," Gap CEO Art Peck told analysts Thursday. Peck will lead NewCo. Sonia Syngal, CEO of Old Navy, will keep running that company.Wall Street cheered the decision: Gap stock was up 25% in after-hours trading.The separation is a tale of two vastly different businesses: Old Navy has thrived in recent years, and sales at stores open at least a year grew 3% in 2018. Meanwhile, the Gap has struggled — its sales fell 5% last year. Banana Republic has been closing stores, which has helped the company improve sales."Old Navy continues to outpace Gap brand and Banana Republic, and is one the fastest-growing major apparel brands," said Christina Boni, analyst at Moody's.The Gap, which was founded in 1969, used to be the coolest brand in retail: It rode the mall boom in the back half of the 20th century, and its logoed sweatshirts and turtlenecks won over everyone from teens to moms and celebrities like Sharon Stone.But the brand fell out of touch with the Baby Boomers who grew up on the brand, and it failed to attract the Millennials who drive fashion trends today. Retailers such as Levi's, Target and fast-fashion sellers H&M and Zara lured away Gap's denim shoppers with cheaper prices and trendier styles.The company has been talking for a while about how to make the Gap a healthy part of the business again. In November, Peck described Gap's store count as unprofitable. As of the end of last quarter, there were 1,242 Gap stores worldwide. 758 of them were in North America.On Thursday, the company said it will close 230 Gap stores over the next two years as part of its plan to "revitalize" the Gap brand. The closures will affect "specialty" Gap stores, which includes mall-based stores.Most of those stores will be in North America, Peck told analysts Thursday. Chief financial officer Teri Stoll added that the company focused on stores that were not delivering, were in the "wrong locations" or were not a "strategic fit."About 130 of those closures will happen this year, according to Gap. The company also plans to open Old Navy and Athleta locations. Athleta, which will be part of the new Gap company, is a women's athleisure chain that has been a success. Hill City launched last year as Gap's men's athleisure brand.Gap thinks it will save between 0 million and 0 million before taxes over the next two years because of its closure plans, according to a securities filing. It expects to finish splitting the companies in 2020.But some analysts questioned why promising brands such as Athleta and Hill City were included in NewCo with the struggling Gap brand."This could have been an opportunity for a fresh start for Gap," said Bob Phibbs, CEO of consultancy Retail Doctor. "It's simply putting the NewCo brands though the ringer for another cycle of rinse and repeat."The-CNN-Wire? & ? 2019 Cable News Network, Inc., a Time Warner Company. All rights reserved. 3771
FERGUSON, Mo. — Ferguson voters have elected Ella Jones as the city’s first black mayor as protests over police treatment of black communities roil the nation. Jones is a city council member and also will be first woman to lead the St. Louis suburb. The St. Louis Post-Dispatch reports that she beat a fellow council member in a non-partisan election for a three-year term that starts later this month. Incumbent James Knowles III could not run again due to term limits. Following the 2014 fatal police shooting of 18-year-old Michael Brown, protests thrust Ferguson into the national spotlight over issues of race and policing that remain the focus of protests following the death of George Floyd in Minneapolis last week. 735