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Manulife cautions investors regarding New York Stock and Bond LLC offer for shares
Party City to close its stores as company files for bankruptcy LOS ANGELES (AP) — Party City announced that it's going to “wind down” its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide. The company said Saturday it has also filed for Chapter 11 bankruptcy protection "to maximize value for the benefit of the company’s stakeholders.” The New Jersey-based retailer said it will keep more than 95% of its 12,000 employees to help with the process of closing down. Customers have flocked to Party City for Halloween costumes, favors for children’s birthday parties and decorations for New Year’s Eve celebrations for nearly 40 years. It has faced growing competition from Walmart and Target and from occasion-based pop-up stores such as Spirit Halloween. A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now? Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people’s bank accounts or sent in the mail by a paper check. Most people shouldn't get their hopes up about receiving the cash. The IRS says it’s distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns after missing one of the COVID stimulus payments or receiving less than the full amount. The IRS says most taxpayers eligible for the federal stimulus payments received them. Bluesky finds with growth comes growing pains — and bots Bluesky has seen its user base soar since the U.S. presidential election, boosted by people seeking refuge from Elon Musk’s X, or wanting an alternative to Meta’s Threads and its algorithms. The platform grew out of the company then known as Twitter and was eventually intended to replace it. While this is still very much a pie in the sky, Bluesky’s growth trajectory could make it a serious competitor to other social platforms. With growth, though, comes growing pains. It’s not just human users who’ve been flocking to Bluesky but also bots, including those designed to create partisan division or direct users to junk websites. 'Sonic 3' bests 'Mufasa: The Lion King' at the box office NEW YORK (AP) — In the holiday season battle of big-budget family movies, Paramount Pictures’ “Sonic the Hedgehog 3” sped past the Walt Disney Co.’s “Mufasa: The Lion King” to take the top spot at the box office. The results came just ahead of the lucrative Christmas corridor in theaters. According to studio estimates, “Sonic the Hedgehog 3” debuted with $62 million in ticket sales over the weekend. “Mufasa,” however, was humbled in its opening weekend, coming in notably shy of expectations. It returned just $35 million in domestic ticket sales. Amazon and Starbucks workers are on strike. Trump might have something to do with it Amazon delivery drivers and Starbucks baristas are on strike in a handful of U.S. cities as they seek to exert pressure on the two major companies to recognize them as unionized employees or to meet demands for an inaugural labor contract. Strikes during busy periods like the holidays can help unions exercise leverage during negotiations or garner support from sympathetic consumers. One expert says he thinks workers at both companies are “desperate” to make progress before President-elect Donald Trump can appoint a Republican majority to the National Labor Relations Board. Workers at Starbucks, Amazon and some other prominent consumer brands are fighting for their first contracts after several locations voted to unionize. Farmers are still reeling months after Hurricane Helene ravaged crops across the South LYONS, Ga. (AP) — Farmers in Georgia are still reeling more than two months after Hurricane Helene blew away cotton, destroyed ripened squash and cucumbers and uprooted pecan trees and timber. Agribusinesses in other Southern states saw costly damage as well. The University of Georgia estimates the September storm inflicted $5.5 billion in direct losses and indirect costs in Georgia alone. In rural Toombs County, Chris Hopkins just finished harvesting his ravaged cotton crop and figures he lost half of it, costing him about $430,000. Poultry grower Jeffrey Pridgen in Georgia's Coffee County had four of his 12 chicken houses destroyed and others badly damaged. Farmers say more government disaster assistance is needed. Ex-OpenAI engineer who raised legal concerns about the technology he helped build has died Suchir Balaji, a former OpenAI engineer and whistleblower who helped train the artificial intelligence systems behind ChatGPT and later said he believed those practices violated copyright law, has died, according to his parents and San Francisco officials. He was 26. He was well-regarded by colleagues at the San Francisco company, where a co-founder this week called him one of OpenAI’s strongest contributors who was essential to developing some of its products. But he grew disillusioned with the company and told The Associated Press this fall he would “try to testify” in copyright infringement cases against it. Federal Reserve's preferred inflation gauge shows price pressures eased last month WASHINGTON (AP) — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. Prices rose just 0.1% from October to November. Excluding the volatile food and energy categories, prices also ticked up just 0.1%, after two months of outsize 0.3% gains. The milder inflation figures arrived two days after Federal Reserve officials, led by Chair Jerome Powell, rocked financial markets by revealing that they now expect to cut their key interest rate just two times in 2025, down from four in their previous estimate. Albania to close TikTok for a year blaming it for promoting violence among children TIRANA, Albania (AP) — Albania’s prime minister says the government will shut down video service TikTok for one year, blaming it for inciting violence and bullying, especially among children. Albanian authorities held 1,300 meetings with teachers and parents following the stabbing death of a teenager in mid-November by another teenager following a quarrel that started on TikTok. Prime Minister Edi Rama, speaking at a meeting with teachers and parents, said TikTok “would be fully closed for all. ... There will be no TikTok in the Republic of Albania.” Rama says the ban will begin sometime next year. Albanian children comprise the largest group of TikTok users in the country, according to domestic researchers. Stock market today: Wall Street rises to turn a dismal week into just a bad one NEW YORK (AP) — U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The S&P 500 rallied 1.1% Friday to shave its loss for the week down to 2%. The Dow Jones Industrial Average jumped nearly 500 points, and the Nasdaq composite gained 1%. A report said a measure of inflation the Federal Reserve likes to use was slightly lower last month than expected. It’s an encouraging signal after the Fed shocked markets Wednesday by saying worries about inflation could keep it from cutting interest rates in 2025 as much as earlier thought.I DON'T KNOW about you, but that whole cliché of a dad patiently teaching his son how to shave was not my experience. Nothing against my own father, but when it came to learning how to shave, I was left to my own devices. Maybe it was because my dad used an electric razor and, back then, no one was really advising (or thinking about) taking an electric razor to a teenager's face. Flash forward decades later, however, and I am a dedicated electric razor user—much like my dad. Still, I wish I had access to the back then. Mowbie Light Stimulation Rotary Electric Shaver $38 at Walmart Pros Cons Battery Life 60 Minutes Motor Speed Undisclosed Waterproof Yes Charging Station Included? Yes Additional Features LED light ring, pop-up trimmer Luckily for guys growing up now, things have changed. There are dozens of razors on the market, which means that learning to shave doesn't have to involve taking a naked blade and shaving cream to your face—welcome news for kids like me who are left to their own devices or have to deal with irritating skin issues like acne that can make traditional shaving painful. That still doesn't mean, however, that all electric razors are good for beginners. Enter the . This simple, easy-to-use razor is not only ideal for beginners, but also anyone who struggles with breakouts, skin irritation issues or has thinner facial hair. It offers an understandable experience straight out of the box, with a few bells and whistles that make the experience easier but don't bog it down. Interestingly, it also features LED light technology, which the brand claims helps improve your skin while you shave (more on that later). 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Jack Daugherty scores 16 as Illinois State fends off Cornell 80-77
Donald Hand Jr. racked up a career-high 29 points and 10 rebounds to help Boston College stave off visiting Fairleigh Dickinson 78-70 on Saturday in Chestnut Hill, Mass. Chad Venning added 18 points on 8-for-10 shooting and Dion Brown contributed eight points, eight rebounds and four assists as the Eagles (8-5) wrapped up their nonconference slate with just their second win in six games. Ahmed Barba-Bey, a grad transfer from Division II, exploded for a season-high 31 points to power FDU (4-11). Barba-Bey buried 8 of 9 attempts from the 3-point arc. Terrence Brown added 15 of his 20 points in the second half, as the Knights made it close before falling to 0-10 on the road this season. Bismark Nsiah scored 10 points. Boston College led 70-59 with 3:39 to play when Barba-Bey was fouled attempting a corner 3. He made all three of his foul shots, and after a stop Brown got to the bucket to cut FDU's deficit to six. It was 72-67 when Venning made a clutch turnaround jumper from the high post with 51 seconds left. Boston College let Barba-Bey get loose for his eighth 3-pointer, pulling FDU within four, its closest margin of the half. But Hand drove to the basket and scored with 29 seconds on the clock, and FDU was out of time. The Knights trailed by as many as 12 in the first half, but Barba-Bey kept them in the game. He made a fastbreak layup off Brown's steal and added a 3-pointer on the next possession, turning what was a 10-point deficit to a manageable 29-24 game. Boston College led 38-28 at halftime, with Hand scoring 15 for the hosts and Barba-Bey pouring in 16 for the Knights, including 4-of-5 shooting from deep. FDU pulled within nine points three times in the early stages of the second half, the third coming when Nsiah knocked down back-to-back 3-pointers to make it 56-47 with about 10 minutes to go. --Field Level MediaChiefs offense hitting its stride with return of wide receiver Marquise Brown from injury
ST. PETERSBURG, Fla. (AP) — The St. Petersburg City Council reversed course Thursday on whether to spend more than $23 million to repair the hurricane-shredded roof of the Tampa Bay Rays' ballpark , initially voting narrowly for approval and hours later changing course. The reversal on fixing Tropicana Field came after the council voted to delay consideration of revenue bonds for a proposed new $1.3 billion Rays ballpark. Just two days before, the Pinellas County Commission postponed a vote on its share of the new stadium bonds, leaving that project in limbo. “This is a sad place. I'm really disappointed,” council chair Deborah Figg-Sanders said. “We won’t get there if we keep finding ways we can’t.” The Rays say the lack of progress puts the new stadium plan and the future of Tropicana Field in jeopardy. “I can't say I'm confident about anything,” Rays co-president Brian Auld told the council members. The Trop's translucent fiberglass roof was ripped to pieces on Oct. 9 when Hurricane Milton swept ashore just south of Tampa Bay. There was also significant water damage inside the ballpark, with a city estimate of the total repair costs pegged at $55.7 million. The extensive repairs cannot be finished before the 2026 season, city documents show. The Rays made a deal with the Yankees to play next season at 11,000-seat Steinbrenner Field, New York's spring training home across the bay in Tampa. Baseball Commissioner Rob Manfred said MLB wants to give the Rays and Tampa-area politicians time to figure out a path forward given the disruption caused by the hurricane. Assuming Tropicana Field is repaired, the Rays are obligated to play there for three more seasons. “We’re committed to the fans in Tampa Bay,” Manfred said at an owners meeting. “Given all that’s happened in that market, we’re focused on our franchise in Tampa Bay right now.” The initial vote Thursday was to get moving on the roof portion of the repair. Once that's done, crews could begin working on laying down a new baseball field, fixing damaged seating and office areas and a variety of electronic systems — which would require another vote to approve money for the remaining restoration. The subsequent vote reversing funding for the roof repair essentially means the city and Rays must work on an alternative in the coming weeks so that Tropicana Field can possibly be ready for the 2026 season. The city is legally obligated to fix the roof. “I’d like to pare it down and see exactly what we’re obligated to do,” council member John Muhammad said. The city previously voted to spend $6.5 million to prevent further damage to the unroofed Trop. Several council members said before the vote on the $23.7 million to fix the roof that the city is contractually obligated to do so. “I don’t see a way out of it. We have a contract that’s in place,” council member Gina Driscoll said. “We’re obligated to do it. We are going to fix the roof.” The council had voted 4-3 to approve the roof repair. Members who opposed it said there wasn't enough clarity on numerous issues, including how much would be covered by the ballpark's insurance and what amount might be provided by the Federal Emergency Management Agency. They also noted that city residents who are struggling to repair their homes and businesses damaged by hurricanes Helene and Milton are dismayed when they see so many taxpayer dollars going to baseball. “Why are we looking to expend so much money right away when there is so much uncertainty?” council member Richie Floyd said. The new Rays ballpark — now likely to open in 2029, if at all — is part of a larger urban renovation project known as the Historic Gas Plant District, which refers to a predominantly Black neighborhood that was forced out to make way for construction of Tropicana Field and an interstate highway spur. The broader $6.5 billion project would transform an 86-acre (34-hectare) tract in the city’s downtown, with plans in the coming years for a Black history museum, affordable housing, a hotel, green space, entertainment venues, and office and retail space. There’s the promise of thousands of jobs as well. St. Petersburg Mayor Ken Welch, a prime mover behind the overall project, said it's not time to give up. “We believe there is a path forward to success,” the mayor said. AP MLB: https://apnews.com/hub/mlbWorld reaches $300 bn climate finance deal at COP29