Michaels Signs a Deal With Apollo to Go Private

Michaels Signs a Deal With Apollo to Go Private

NEW YORK (AP) — Arts and crafts retailer Michaels is going private. The retail chain, based in Irving, Texas, said Wednesday that it has agreed to be acquired by Apollo Global Management Inc. for a transaction valued at $5 billion. Under the terms of the …
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Patterson Cos. shares fall as earnings beat weighs against failure to offer guidance

Patterson Cos. shares slid 3.6% Wednesday, after the maker of dental and animal health products posted better-than-expected earnings for its fiscal third quarter but declined to offer guidance given the continued uncertainty created by the coronavirus …
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Johnson & Johnson delays complicate city's mass-vaccination plans, but new Convention Center site to remain open

A surprise Tuesday announcement about Johnson & Johnson COVID-19 vaccine availability has complicated the city of New Orleans’ mass vaccination plans, and after a flurry of injections this week, the pace of mass vaccinations in the city may slow down …
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Texas Mask Easing Puts Retailers Holding the Line in Tough Spot

Retail chains including Best Buy Co., Macy’s Inc. and Kroger Co. say they will continue to require face masks in stores even as some states begin to lift their mandates, highlighting the delicate balance for public-facing businesses amid a health crisis that has …
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Alamo Drafthouse Cinemas files for bankruptcy, seeks buyer

AUSTIN, Texas (AP) — Alamo Drafthouse Cinemas Holdings, a Texas-based dine-in theater chain, said Wednesday that it has filed for bankruptcy due to financial woes during the pandemic. The company plans to find a buyer during its Chapter 11 bankruptcy …
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