Wfvx Deadly storm system rips through South, central U.S.
GNC, the 85-year old seller of vitamins and dietary supplements, filed for bankruptcy late Tuesday and said it plans to close as many as 1,374 stores, or nearly half of its company-owned locations, in the U.S. and Canada by the end of the year. The ubiquitous retailer had already been planning to close as many as 250 locations prior stanley cup to the filing.GNC said the closures will help it cut costs as it attempts to emerge from bankrup stanley cup tcy over the next year and will save the chain from shutting down completely. Its stock price dropped to $0.54 on Wednesday following the bankruptcy news mdash; a long, hard fall from its $49 high back in 2015. In a recent presentation for investors, GNC reported having $96 million in cash and $905 million in total debt.The retailer also saidin a filingWednesday it had paid CEO Ken Martindale a $2.2 million bonus five days before filing for Chapter 11 bankruptcy protection in a federal court. GNC called the management payouts, which also went to the CFO and other top executives, retention bonuses. Yet stanley cup Martindale, who was paid $7.1 million in 2019, will get to keep 75% of the cash bonus even if GNC doesn t emerge from bankruptcy. He joined the company in September 2017. While controversial, it has become common for companies to award executives retention bonuses when they file for bankruptcy.GNC s list of store closures is not known. But on Tuesday, the retailer updated a previously disclosed list of stores that Wjdc Judge to unseal identities of 3 people who backed George Santos $500K bond
Waterlogged parts of the central U.S. were bracing Wednesday for more rain, following days of severe storms that have battered Iowa, Kansas, Missouri and Oklahoma. CBS News has confirmed at least four weather-related deaths so far.Residents of some small towns in Oklahoma and Kansas were being urged to leave their homes as rivers and streams rose. The Arkansas River is approac stanley cup hing historic highs, while the already high Missouri and Mississippi Rivers were again rising after a multi-day stretch of storms that produced dozens of tornadoes. Forecasters say parts of Oklahoma, Missouri and Kansas could see more severe weather Wednesday night into Thursday. The biggest concern is more rain, Oklahoma Gov. Kevin Stitt said during a news conference following an aerial tour with Tulsa Mayor G.W. Bynum and other officials Wednesday morning. Officials were encouraging residents in the Tulsa suburb of Sand Springs; in Fort Gibson, about 50 miles southwest of Tulsa; and in Webbers Falls, some 70 miles southeast of Tulsa to leave. All three communities are along jordan the Arkansas River.In Skiatook, Oklahoma, some residents had to flee their homes. Our house has flooded before, but it s never gotten into my whole hous af1 e, Skiatook resident Terri Pittman told CBS This Morning. Pittman, who lives three miles from Bird Creek, escaped with her dog Apollo after at least 8 feet of water filled her home. Our house is three levels, Pittman said. When it