Craft retailer Michaels to go private in $5B deal

first_imgApollo Global Management will take over craft retailer Michaels in a deal that values the company at $3.3 billion. (Wikipedia Commons, iStock)Retailer Michaels has something new on the craft table: a takeover deal from Apollo Global Management.Amid a DIY boom spurred by the pandemic, the private equity firm said it will take the retailer private in a deal that values Michaels at $3.3 billion, the New York Times reported. The transaction value is $5 billion, the companies said in a statement.Based in Texas, Michaels has 1,275 stores in North America. With more people doing craft projects while stuck at home, its stock has skyrocketed over the past year. Previously, Amazon’s growth put pressure on the retailer, which like others had been forced to shutter some stores.In a statement, Michaels chairman James Quella said the deal made sense and offered “compelling value” to shareholders. Per the terms of the deal, Apollo will pay $22 per share, a 47 percent premium from $15 per share on Feb. 26, when a potential arrangement was first reported.The deal includes a 25-day “go-shop” period, which allows other bidders to submit superior offers, Bloomberg News reported.Read moreAC Moore to close all stores Rent relief for retailers is expiring. Now what? Michaels leases space in California Earlier this week, an Apollo-backed lender said it would buy Paper Source Inc., a stationery and craft store, after it filed for bankruptcy. The 158-store chain bought 30 stores from rival Papyrus last year, but weeks later the pandemic forced locations to close for several months.Apollo is also partnering with Vici Properties Inc. to buy the Las Vegas Sands Corp.’s real estate portfolio for $6.25 billion.[NYT, Bloomberg] — E.B. SolomontContact E.B. Solomont Share via Shortlink Email Address* Message* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Full Name* Commercial Real EstateReal Estate InvestmentRetail Real Estate Tagslast_img read more

Whittni Orton, Anna Camp, Advance To Championship Competition Saturday

first_imgJune 6, 2019 /Sports News – Local Whittni Orton, Anna Camp, Advance To Championship Competition Saturday FacebookTwitterLinkedInEmailAUSTIN, Texas-Thursday, as the women’s competition commenced at the NCAA Outdoor Track and Field national championship meet at Mike A. Meyers Stadium, two former Mid-Utah Radio Sports Network school stars advanced to Saturday’s competition in their respective events. BYU junior Whittni Orton, a former Panguitch High star, took the last qualifying spot in the women’s 1500-meter run preliminaries. With the top 12 women advancing to Saturday’s final, Orton adeptly placed 12th in the prelims in a time of 4:14.37. Oregon’s Jessica Hull (4:12.02) is the top seed headed into Saturday’s final. Weber State’s Kate Sorensen, a sophomore out of Gunnison Valley High School, competed in the 400-meter hurdles, but she placed 21st (1:00.09) ending her season. Written bycenter_img Brad James Tags: Anna Camp/Kate Sorensen/NCAA Outdoor Track and Field Championships/Whittni Orton Her fellow BYU junior, Anna Camp, a Millard High alum, placed 7th in the 800-meter run preliminaries in a time of 2:03.65, while the top eight runners in this race advanced to Saturday competition. Nia Akins of Penn is the top seed in this race headed into Saturday’s final.last_img read more

Are your clients a Coronavirus risk? New digital checker launched for estate agents

first_imgLetting agents can make sure prospective renters are Covid-free before doing physical viewings using a new self-screening bot.The online tool from communication provider Moneypenny checks prospective viewers are in good health by quizzing them to find out whether anyone is self-isolating, has any Covid symptoms, has come into contact with anyone who has, or is suspected of having the virus or if they feel unwell.Agents can integrate the bot into their online viewing booking system, or share a link to a brand-customised page. They can then access full analytics via an individual portal and get a real-time response email for every completed questionnaire. Based on the answers, they can also escalate chats to either their own in-house staff, or to a Moneypenny receptionist.CEO Joanna Swash (left) says the tool will help agents stay efficient and operational during the pandemic. She says, “We’ve developed this tool specifically to offer extra reassurance and give confidence to the property market and because it seemed a very natural extension to the support we offer estate and letting agents.“By using the bot, vendors and viewers will know that both parties are symptom-free before they come into contact with each other, and agents can rest assured that they’ve done as much as possible to protect their clients.”She adds that it’s not a substitute for observing social distancing and extra hand hygiene. “It’s an extra layer of safety and due diligence to help the property market thrive again.”    covid coronavirus June 18, 2020Nigel LewisOne commentPossession Friend, Possession Friend Possession Friend 18th June 2020 at 8:55 amWhilst you have to applaud innovation, without knowing a lot more about the App, Caution – concern has to be exercised.Some of the public are already skeptical of the Governments Track and trace, let alone a third-party, How is the data handled, can an individual be identified, how many will be prepared to respond ? etcLog in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » COVID-19 news » Are your clients a Coronavirus risk? New digital checker launched for estate agents previous nextProducts & ServicesAre your clients a Coronavirus risk? New digital checker launched for estate agentsService from phone-answering firm Moneypenny puts those seeking viewings or meetings through a rigorous checking process.Nigel Lewis18th June 20201 Comment1,182 Viewslast_img read more

Postdoctoral Fellowship

first_imgA full-time NIH funded postdoctoral position is available in thelaboratory of Dr. A. James Mixson in the Department of Pathology atthe University of Maryland School of Medicine.Our lab has pioneered several developments in the gene therapyfield, including the first group to deliver intravenously tumorsuppressor and antiangiogenic genes with non-viral carriers. Forthe past two decades, we have primarily focused on deliveringtherapeutic genes and siRNA by improving non-viral carriers. Ourresearch team is interested in developing drug and gene deliverycarriers targeting solid tumors. Specifically, we are investigatingseveral histidine-rich carriers of doxorubicin, siRNA targetingoncogenes, and plasmids-expressing tumor suppressor genes to reducebreast cancer growth in a mouse model. These therapeutic agentswill be evaluated alone and in combination with one another toreduce tumor growth. We seek highly motivated and enthusiasticcandidates with excellent interpersonal skills and the ability towork independently and as part of a collaborative team.Required Qualifications· Ph.D. or M.D. or equivalent degree.· Strong background in pharmacology and molecular biology· Excellent writing and communications skills· Work experience with mice and tail vein injections aredesired.UMB is an equal opportunity/affirmative action employer. Allqualified applicants will receive consideration for employmentwithout regard to sex, gender identity, sexual orientation, race,color, religion, national origin, disability, protected Veteranstatus, age, or any other characteristic protected by law orpolicy. We value diversity and how it enriches our academic andscientific community and strive toward cultivating an inclusiveenvironment that supports all employees.Qualifications :A full-time NIH funded postdoctoral position is available in thelaboratory of Dr. A. James Mixson in the Department of Pathology atthe University of Maryland School of Medicine.Our lab has pioneered several developments in the gene therapyfield, including the first group to deliver intravenously tumorsuppressor and antiangiogenic genes with non-viral carriers. Forthe past two decades, we have primarily focused on deliveringtherapeutic genes and siRNA by improving non-viral carriers. Ourresearch team is interested in developing drug and gene deliverycarriers targeting solid tumors. Specifically, we are investigatingseveral histidine-rich carriers of doxorubicin, siRNA targetingoncogenes, and plasmids-expressing tumor suppressor genes to reducebreast cancer growth in a mouse model. These therapeutic agentswill be evaluated alone and in combination with one another toreduce tumor growth. We seek highly motivated and enthusiasticcandidates with excellent interpersonal skills and the ability towork independently and as part of a collaborative team.Required Qualifications· Ph.D. or M.D. or equivalent degree.· Strong background in pharmacology and molecular biology· Excellent writing and communications skills· Work experience with mice and tail vein injections aredesired.UMB is an equal opportunity/affirmative action employer. Allqualified applicants will receive consideration for employmentwithout regard to sex, gender identity, sexual orientation, race,color, religion, national origin, disability, protected Veteranstatus, age, or any other characteristic protected by law orpolicy. We value diversity and how it enriches our academic andscientific community and strive toward cultivating an inclusiveenvironment that supports all employees.last_img read more

Students launch anti-cuts campaign

first_imgThe first public meeting of the ‘No Cuts at Oxford University Movement’ took place at the Kings Arms pub. The meeting was held to raise awareness among students about the potential cuts facing Oxford and other universities due to the fall in public spending.The meeting, chaired by a current Oxford undergraduate, heard from four speakers; Terry Hoad, vice-President of the University and Colleges Union, Ben Sellers, the Student Union President at SOAS, Michael Chessum, founder of the National Convention Against Fees and Cuts and Joanna Pinto, an anti-cuts campaign student at the London College of Communications.All detailed the negative effect the budget cuts would have on the student learning experience and stressed the need for immediate action from higher education institutions in conjunction with their students and staff.Sellers underlined how important he felt the issue to be, stating, “your course is getting cut, your lecturers are getting sacked”.This sentiment was shared by Pinto, who commented, “it’s up to you to make it sexy; it’s up to you to put it on the news.”The UK currently spends 0.9% GDP on higher education, less than the average 1% from comparable countries. With the economic downturn, this gulf is expected to grow, and the panel highlighted that this, together with the reclassification of universities to the Department of Business, Innovation and Skills in Government, leaves higher education resources vulnerable to being slashed in order to increase institutions financial efficiency.Chessum and Sellers illustrated this argument with examples from KCL and UCL, both of which generated a large profit margin last year, yet still forced compulsory redundancies. Specifically UCL, at which Chessum is a student, had a 6% budget cut made by its management in response to just a 2% decrease in funding.The repercussions of any cutbacks are expected to be felt by all students, with many courses closing, arts subjects neglected in favour of the more profitable science degrees and every graduate having to justify their research’s economic benefit to society. Sellers highlighted concerns that if the current fee cap is raised or lifted, higher education will become a competitive market, in which more financially able students will be able to pay for a better quality of degree.One audience member commented, “Students feel useless” and said that tangible cuts will have to be felt by students before they will get involved.The panel explained that with the average undergraduate degree lasting just 3 years, it is difficult to excite any long-term engagement from students on the issues which affect them. The suggestion to combat this is to engage support from local communities, by offering the resources of the students and the institutions in skills shares.Action is currently being taken by the University and Colleges Union in order to protect student interests; on the 26th January leading members lobbied Parliament with their new education manifesto, reinforcing the need to allow generous funding to maintain high academic standards in universities.The panel concurred that although the focus of the campaign appears fairly narrow, it is a part of battling a wider economic injustice in the UK which, as Sellers puts it, “supports people who are marginalised in society”.last_img read more

Bayonne Briefs

first_imgSteam pipe breaks under BHS tennis courtsA steam pipe broke under the tennis courts outside Bayonne High School, which could result in the district requiring emergency heating services. The BBOED issued a request for proposals for the repair but received no bids as of the last meeting on June 27. Two of the four tennis courts will likely have to be dug up to repair the underlying pipe, which will require the tennis program to seek summer practice space elsewhere. Man acquitted of kidnapping chargeAfter a two-week trial, Bryan Ormiston was found not guilty of kidnapping, criminal restraint, second degree aggravated assault, and making terroristic threats. An extortion charge was also dropped before trial.Orniston was accused of choking a man with a rubber hose, tying him to a chair, assaulting him, and threatening to shoot him in his own home on August 16, 2017. The altercation allegedly was over money owed to him by the victim’s son.Under a plea deal, Ormiston admitted he pushed the victim down the stairs and will serve a prison sentence and probation. Boat excursion around Hudson RiverThe Bayonne Division of Recreation is holding a lottery for seniors to attend a boat excursion around the Hudson River on July 25. The trip is sponsored by the Office of the Hudson County Executive.Any Bayonne senior citizen, age 60 or over, can enter the lottery between Monday, July 9 and Friday, July 13, between 9 a.m. and 3 p.m., at the Bayonne Recreation Division at City Hall, Room 13. One entry is allowed per household, and the winner will receive two tickets. Proof of age and Bayonne residency must be presented at the time of lottery registration.The lottery drawing will be held at the Recreation Division at City Hall, on Wednesday, July 18. Winners will be notified by telephone.The Recreation Division asks anyone with a ticket who is unable to participate in the cruise to call (201) 858-6127, so that someone else will be able to go instead. The Recreation Division will maintain a waiting list from the lottery.Buses will transport participants to the dock at Lincoln Harbor in Weehawken. The buses will leave from the parking lot of Ahern Veterans Memorial Stadium, which is on Newark Bay, between 25th Street and 27th Street.Parking will be available in and around the stadium parking lot. The buses will leave that parking lot for Weehawken at 9:45 a.m. on Wednesday, July 25. Once the passengers get to Weehawken, the walk from the non-air-conditioned buses to the boat will take 15 to 30 minutes.The cruise will last approximately two hours after it departs from Weehawken. Buses will transport seniors back to Bayonne after the cruise. The seniors should be back in Bayonne by 3:15 p.m. Food, drinks, and musical entertainment will be provided on board the boat; no outside food or drinks will be permitted.For more information, please call Pete Amadeo at (201) 858-6129, or emailTween book club coming to Bayonne Public LibraryThe Bayonne Public Library is starting a Tween Book Club for children in grades 3 through 6. The book club will hold its first meeting on Thursday, July 12, at 5:30 p.m. and will meet every other Thursday in the Children’s Room on the second floor of the library, which is at 31st Street and Avenue C.The first book in the Tween program is “T-Bone Takes A Stand for Public Schools” by Lisa Funari Willever. The book will be provided by the library, which has 24 copies of the book available. Please call (201) 858-6970 to sign up for the Tween Book Club.Merger of small NJ towns unlikely, lawmakers sayA committee formed by Senate President Steve Sweeney is looking at ways to cut costs and lower taxes in New Jersey, which has the highest property taxes in the country, according to The Record. Among the things the committee has discussed are adding toll roads, cutting benefits for public workers, and forcing the merger of many small towns across the state. But one senior member of the committee called those ideas “pie in the sky” and said they were “never going to happen.” New Jersey has 565 municipalities.Schools urged to increase efforts to fight racismThe state’s Division on Civil Rights and the state’s high school sports organization are asking administrators to double efforts to fight bigotry and racism, reports the Press of Atlantic City. In the wake of recent incidents at sporting events where black athletes were taunted with racial slurs by white students, principals are being told to reread the bylaws of the NJSIAA, which ban unsportsmanlike bias incidents.NJ public unions vow to stand up to US Supreme Court rulingThe U.S. Supreme Court ruled Wednesday that nonunion members cannot be forced to pay fees to unions, reports NJ Spotlight. But New Jersey’s public unions are expected to find it somewhat easier to recover, with the enactment last month of the Workplace Democracy Enhancement Act. The new law guarantees unions broader rights to meet with members and potential members and to communicate with them via email.Jersey City medical center participates in Indian forumIn response to an increasing South Asian population in Jersey City and Hudson County, the Jersey City Medical Center (JCMC) launched a community outreach program to raise awareness of the prevalence of heart disease in the South Asian community. The risk of cardiovascular disease is four times greater in the South Asian population when compared with the general population. An offshoot of the hospital’s 2017 Red Sari campaign, the program’s goal is to help educate and reduce heart disease among South Asian families by stressing the importance of reducing sodium intake and getting heart checkups.Sharon Ambis, the Medical Center’s Senior Director of Marketing and Communications, who has traveled to India frequently, outlined the initiative “Your heart doesn’t beat just for you. Get it checked” at a lunch forum hosted by New Jersey City University (NJCU) in honor of the Indo-American Chamber of Commerce 2018 Delegation.She noted, “Jersey City’s South Asian population appreciates our community outreach and educational programming to improve heart, health and wellbeing,” as part of her welcome remarks to the delegation.New Jersey’s Southeast Asian population has grown significantly over the past 10 years. The state now boosts more than 800,000 residents clustered in Hudson County, Middlesex County, Bergen County, and Somerset County. With the highest educational achievements of any population sector and the highest median income of the state’s ethnic populations, the group contributes significantly to the stability of New Jersey.JCMC is part of RWJBarnabas Health, which does outreach to Jersey City, ranked the most diverse city in the United States.For information regarding any of the community outreach programming, contact Sharon Ambis, Senior Director of Marketing and Communications at Jersey City Medical Center at [email protected] 18-year-old woman allegedly harassed by Uber driverAn 18-year-old Bayonne woman was allegedly harassed by a 59-year-old Uber driver last month, according to Bayonne police. The woman was being driven from Queens to her home in Bayonne when the man allegedly touched the woman inappropriately. When she tried recording the incident, the man allegedly took her phone and used it to call his phone, thereby giving himself her phone number. He then allegedly called her several times over the course of a week. last_img read more

Disruptive Technologies Permeate the Safety and Security Markets

first_imgA massive transformation is underway in the safety and security world. The days of DVR-like safety and security systems are long gone. Based on my more than 15 years in the business, I spot four key trends:Emergence of new devicesHigher pixel resolutionIncrease in device count and retention timesNeed to integrate safety, security and IoT dataA significant trend across safety and security is the evolution of the underlying technologies such as connected Internet of Things (IoT) devices, Edge Computing, Artificial Intelligence (AI) and Machine Learning (ML). These technologies can be used to develop video analytics solutions which would help harness the value of safety and security data.Here are some intriguing data points to consider:There will be 41.6 billion IoT-connected devices by 2025, an increase of 75% over 2019.¹The data generated from IoT cameras and other devices will amount to 79.4 ZB in 2025, up from 13.6 ZB in 2019.²These data points illustrate that safety and security is now a data challenge. Organizations face escalating demands for accessing, managing, storing and securing massive amounts of safety and security data that is growing exponentially. We can broadly categorize the growing infrastructure challenges into these three categories:Management: The storage silos / separate islands of storage associated with the traditional IT infrastructure makes it hard to deploy, configure and manage.Scalability: As it is hard to scale efficiently with traditional storage, organizations find it time consuming and labor intensive to keep pace with growing data needs and evolving workloads.Availability: System uptime can be compromised in case of disk failures which may result in lost data and regulatory non-compliance.To tackle these challenges, organizations require a safety and security solution that is enterprise-grade, resilient, scalable and reliable. Organizations need to simplify the Edge Computing and IoT deployment to build an open foundation that scales to meet the demands of a connected world. The need to integrate with other applications like analytics and evidence management are part of the everyday demands placed on the safety and security department and the technology entrusted to deliver the video on demand.Learn more here.¹ and ² IDC, Worldwide Global DataSphere IoT Device and Data Forecast, 2019–2023last_img read more

Off-Broadway Gets a Slice of Pizza & Divorce as Money Grubbin’ Whores Opens

first_img Related Shows Directed by Brian Cichocki, Money Grubbin’ Whores follows a back-room divorce negotiation between Matt, a New York plumber and Aviva, his Israeli wife. To cut costs, the two, mediated by Matt’s friend and Aviva’s cousin, battle it out in the party room of a New Jersey pizza restaurant. New comedy Money Grubbin’ Whores officially opens off-Broadway on September 30. Written by Sean J. Quinn, the show will run through October 19 at The Lion Theatre at Theatre Row. Show Closed This production ended its run on Oct. 19, 2014 The cast includes Adam Mucci, James Andrew O’Connor, Penny Bittone and Carmit Levité. View Comments Money Grubbin’ Whoreslast_img

Flu Prevention

first_imgHand-washing is critical to protecting yourself and loved ones from catching the flu this season, according to Roxie Price, University of Georgia Cooperative Extension Family and Consumer Sciences agent for Tift County.“It’s so important to keep your hands clean throughout the day,” said Price. “Kids’ hands touch everything possible, so it’s really important that they practice good hygiene habits early.”Each winter, Price teaches Tift County first-graders the importance of washing their hands throughout the day. Through her lesson, children become aware of the germs they spread.“We put lotion on the children’s hands that can only be seen under a black light. Then we tell them to wash their hands like normal,” Price said. “If they come back with the lotion still on their hands, they know they didn’t wash properly, so we teach them to really scrub for at least 20 seconds.”Children and adults should wash their hands with soap and warm water, while being sure to scrub around fingers and under fingernails, for at least 20 seconds.“I’ve also been told that kids drag their hands down the wall as they walk, so teachers should definitely make sure the children wash their hands after they have traveled somewhere other than the classroom,” Price said.Price stresses that, if possible, hands should not come into contact with the mouth and eyes, and that sick adults and children should stay at home.The Centers for Disease Control and Prevention (CDC) recommends that everyone 6 months and older get a flu shot. There are other ways to keep yourself and your loved ones safe this season as well.A healthy diet can also protect against the flu, according to Alison Berg, UGA Extension nutrition and family health specialist.“It’s important to maintain a healthy diet that includes vitamin-C-rich foods like oranges, tomatoes, peppers and strawberries,” Berg said. “You should also exercise regularly and get plenty of rest. All of these are factors in maintaining good health this time of year.”According to the CDC, the flu season typically lasts 20 weeks. Influenza symptoms include a fever, chills, cough, sore throat, headaches, fatigue, and runny or stuffy nose.For more information about the flu, visit the CDC website at https://www.cdc.gov/flu/takingcare.htm.last_img read more

Huntington Woman Pleads Not Guilty to Stealing $866K from Boss

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Huntington woman has been indicted on charges of stealing more than $866,000 over a six-year period from her former employer to pay for her vacations, shopping sprees and high-end restaurant tabs.Lori Maceluch pleaded not guilty Wednesday at Nassau County court to grand larceny and 378 counts of criminal possession of a forged instrument.Prosecutors said the 48-year-old woman used her position as bookkeeper for a Locust Valley-based architecture firm to forge a firm partner’s signature on 568 checks she wrote to herself between 2005 and 2011.Maceluch, who was the company bookkeeper for about 15 years, allegedly disguised the theft by fraudulently enhancing legitimate expenses in the company’s financial records that she had unrestricted and unsupervised access to.Aside form spending tens of thousands of dollars at Lord & Taylor and Bon Bon’s Chocolatier, her vacations included trips to the Berkshires, Nantucket Island, Fire Island, Florida and the Dominican Republic, authorities said.The alleged thefts were uncovered and referred to investigators following an internal audit two years ago.Maceluch was later fired. She faces up to 15 years in prison if convicted and is due back in court Aug. 13. She is being held on $250,000 bail.last_img read more