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Papa John’s founder Schnatter says he welcomes hedge fund Starboard

John Schnatter, founder and CEO of Papa John's Pizza, arrives at the 2011 American Music Awards in Los Angeles
FILE PHOTO: John Schnatter (R), founder and chief executive of Papa John's Pizza, arrives at the 2011 American Music Awards in Los Angeles November 20, 2011. REUTERS/Danny Moloshok

February 18, 2019

By Jessica DiNapoli

NEW YORK (Reuters) – Papa John’s International Inc founder John Schnatter welcomes hedge fund Starboard Value LP’s investment in the pizza restaurant chain, his lawyer said, even as he filed an updated lawsuit on Monday against the company.

Papa John’s this month unveiled Starboard’s investment of up to $250 million and named the fund’s chief executive, Jeff Smith, as its chairman.

Schnatter, who according to Refinitiv data owns about 30 percent of the company he founded in his father’s bar, served as chairman until last summer. He stepped down after reports he had used a racial slur on a media training conference call, a decision he said he regrets. He had stepped down as chief executive in December 2017.

Schnatter, who is still a member of Papa John’s board of directors, has been trying to gain more control of the chain. With the Starboard investment, the number of directors jumped to nine from six, diluting his influence.

“Mr. Schnatter welcomes the comments that have come from Mr. Smith and the company in the past few days,” Schnatter’s attorney Garland Kelley said in a statement. “Today’s amended lawsuit reflects support for Mr. Smith and his plans to invigorate the company for the benefit of all shareholders.” 

In his amended lawsuit filed under seal in the Delaware Court of Chancery, Schnatter aims to undo a new provision of a voting agreement between Papa John’s and Starboard that requires the hedge fund vote its company shares in favor of Papa John’s preferred directors.

“Such a provision serves only one purpose, to further entrench the prior board, one that has repeatedly proven itself willing to place its own self-interest above that of shareholders,” Schnatter said in a statement.

Schnatter also continues to challenge the poison pill Papa John’s adopted last year that he says prevents him from having discussions about the restaurant chain with other shareholders. The lawsuit was first filed in August.

When Papa John’s accepted Starboard’s offer, it snubbed a rival one from Schnatter.

Schnatter had said in a regulatory filing that he was evaluating his legal options after his offer was rejected.

Last month he claimed a victory when Chancellor Andre Bouchard of Delaware Court of Chancery ordered the Papa John’s board to give Schnatter some internal documents and communications, including text messages on personal devices, related to his firing.

(Reporting by Jessica DiNapoli; Editing by Leslie Adler and Tom Brown)

Source: OANN

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Olivia Culpo Lights Up Instagram With Incredible Photo

Olivia Culpo had herself a day on Instagram Saturday.

Culpo, who is a massive fan favorite here at The Smoke Room, posted a snap of herself in what appears to be a fur blanket. (SLIDESHOW: These Women On Instagram Hate Wearing Clothes)

Trust me when I say that you absolutely don’t want to miss this incredible photo from Culpo. It’s that good. (SLIDESHOW: 142 Times Josephine Skriver Barely Wore Anything)

Give it a look below. I guarantee that you’re going to like it a lot. (SLIDESHOW: 71 Times Samantha Hoopes Stripped Down)

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Does it ever get old watching Culpo just dominate the web on a regular basis? I think the answer to that question is an obvious no. (SLIDESHOW: This Blonde Bombshell Might Be The Hottest Model On The Internet) 

Pretty much everything she posts is straight fire. Here are a few more examples to enjoy while you’re here. (SLIDESHOW: 60 Times Abigail Ratchford Wore Almost Nothing)

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Source: The Daily Caller

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Box Office: ‘Dumbo’ lands at no. 1 with soft $45 million

European premiere of
Producer Katterli Frauenfelder, actor Colin Farrell, actor Nico Parker, director Tim Burton, actor Finley Hobbins, actor Eva Green, actor Danny DeVito, producers Derek Frey and Justin Springer attend the European premiere of "Dumbo" movie in London, Britain March 21, 2019. REUTERS/Henry Nicholls

March 31, 2019

By Rebecca Rubin

LOS ANGELES, (Variety.com) – Disney’s “Dumbo” had an underwhelming liftoff at the domestic box office. Tim Burton’s live-action remake debuted with $45 million from 4,259 North American theaters, below expectations heading into the weekend.

While that was easily enough to top the domestic box office, it marks the lowest start among the studio’s recent live-action remakes of Disney classics. To compare, 2017’s “Beauty and the Beast” debuted with $174 million, 2016’s “The Jungle Book” opened with $103 million,” and 2015’s “Cinderella” launched with $67 million.

Heading into the weekend, “Dumbo” was expected to surpass $50 million in its first three days of release. Part of the reason for the softer opening is likely because the original “Dumbo” cartoon came out 80 years ago, making the lovable elephant seem slightly less relevant than classics like “Beauty and the Beast” and “The Jungle Book,” which both became huge successes for the studio.

“Dumbo” carries a $170 million production budget. The high-flying elephant will have to resonate overseas should “Dumbo” not pick up steam at the domestic box office. The movie launched in most international territories this weekend, amassing $71 million from foreign markets for a global start of $116 million.

Audiences were more receptive than critics to Tim Burton’s take on baby elephant with inconveniently large ears. Moviegoers awarded “Dumbo” with an A- Cinemascore. It holds a 50 percent on Rotten Tomatoes. As expected, families made up 54 percent of opening weekend crowds. It also skewed slightly female: 53 percent of patrons were women.

“Dumbo” is the first of three high-profile Disney re-imaginings heading back to the big screen this year, with Guy Richie’s “Aladdin” and Jon Favreau’s “The Lion King” arriving in theaters this summer. Those films, along with the studio’s highly anticipated superhero mashup “Avengers: Endgame,” will likely offset any pain should “Dumbo” fail to connect with audiences.

Last weekend’s champ “Us” dropped to second place, staying strong with $33 million in its sophomore outing. That marks a 53% decline from its opening weekend haul, a solid hold given the kind of drop horror movies typically suffer after its initial release. Written and directed by Jordan Peele, “Us” has now surpassed $128 million in ticket sales in North America. The film, which stars Lupita Nyong’o and Winston Duke as a couple forced to fight off blood-thirsty doppelgangers, cost $20 million to produce.

In third place, Disney’s “Captain Marvel” added another $20 million in its third weekend of release. That takes the superhero tentpole starring Brie Larson past $350 million in North America.

New release “Unplanned” will battle with romance drama “Five Feet Apart” for fourth place. Both titles earned roughly $6 million this weekend.

“Unplanned,” which tells the true story of a Planned Parenthood employee who has a life-changing experience, doubled expectations that pegged an opening weekend around $3 million. It cost $6 million to produce.

Lionsgate and CBS Films’ “Five Feet Apart,” now in its third weekend of release, has earned $35 million to date.

Elsewhere, Matthew McConaughey suffered the worst opening of his career with “The Beach Bum.” Directed by Harmony Korine, the film flopped with $1.8 million from 1,100 screens. The studios initially planned for a platform release, which could have slowly allowed the film to gain traction through word-of-mouth. Instead, the stoner comedy opened nationwide with little marketing since its premiere at South by Southwest. It’s been a rocky start to 2019 for McConaughey. Earlier this year, his film “Serenity,” a neo-noir thriller with Anne Hathaway, collapsed with a $4.5 million debut. It tapped out with $11.4 million worldwide.

Source: OANN

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The Latest: Judge relents on video evidence at cop’s trial

The Latest on the trial of a former Minneapolis police officer in the fatal 2017 shooting of an unarmed woman (all times local):

11 a.m.

The judge hearing the trial of a former Minneapolis police officer in the fatal shooting of an unarmed woman has reversed a ban on what video evidence may be viewed by the media and public.

Judge Kathryn Quaintance ruled Tuesday that body camera video introduced as evidence in the murder trial of Mohamed Noor will be shown to the entire courtroom.

Quaintance had earlier said such video would be shown only to the jury, citing a desire to protect the privacy of the victim, Justine Ruszczyk Damond.

Quaintance said she has to follow the law even if she disagrees with it.

Noor shot Damond when she approached his squad care minutes after calling 911 to report a possible assault in the alley behind her home. The video doesn't capture the shooting but shows efforts to save Damond.

___

Midnight

With a jury in place, opening statements are set to begin Tuesday in the trial of a former Minneapolis police officer who shot and killed an unarmed woman.

Thirty-three-year-old Mohamed Noor, who is Somali American, is charged with murder and manslaughter in Justine Ruszczyk Damond's death. Damond, a 40-year-old dual Australian-American citizen who was white, was killed in July 2017 after calling 911 to report a possible rape near her home.

It took a week to select a jury. After 75 prospective jurors answered questions about their views on Somalis and police officers, as well as their experiences with firearms and other issues, 12 men and four women were selected Monday to hear the case. In the end, only 12 will deliberate.

Six of the jurors are people of color.

Source: Fox News National

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Nicaragua government says it will free all jailed protesters in bid for lifted sanctions

The Nicaraguan government has said it will release all political protesters arrested over the past year within the next 90 days, according to two independent officials who are monitoring talks aimed at resolving the country's political standoff.

Archbishop Waldemar Sommertag, the papal nuncio in Nicaragua, and Luis Rosadilla of the Organization of American States said the talks would resume Thursday after several days of tension.

The release of more than 700 protesters had been the main demand of the opposition Civic Alliance for continuing talks with the government. In return, the government is asking for the lifting of sanctions imposed against the left-wing Ortega administration.

The Civic Alliance has also demanded electoral reform establishing "early, free, fair, transparent and observed elections"; justice for victims; international guarantors to ensure compliance; and government action on 18 formal recommendations from the Inter-American Commission on Human Rights (IACHR).

U.N. RIGHTS CHIEF: U.S. SANCTIONS COULD DEEPEN VENEZUELA CRISIS

"The Alliance counts with the pressure of the citizenry for there to be a civic solution here, because citizens decided they want to be free of this dictatorial government through peaceful struggle," opposition lawyer Azahalea Solis told The Associated Press.

According to the IACHR, at least 325 people have died in protests demanding Ortega's exit from office or related violence since April 2018. Thousands more have been wounded, arrested or in exile.

Ortega officials have said the demonstrations were tantamount to "terrorism" and represented an attempted coup d'etat. The president has refused to step down and allow early elections.

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Protests against Oretga effectively have been banned since September of last year. The 73-year-old one-time Marxist guerilla was elected to a third consecutive term as president in November 2016 amid allegations his government ignored constitutionally mandated term limits and hamstrung the political opposition.

Nicaragua's next presidential election is not scheduled to take place until 2021.

The Associated Press contributed to this report.

Source: Fox News World

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Tennis: Venus shines as sun returns to Miami Open

Tennis: Miami Open
Mar 21, 2019; Miami Gardens, FL, USA; Venus Williams of the United States hits a forehand against Dalila Jakupovic of Slovenia (not pictured) in the first round of the Miami Open at Miami Open Tennis Complex. Mandatory Credit: Geoff Burke-USA TODAY Sports

March 21, 2019

By Steve Keating

MIAMI (Reuters) – Three-times Miami Open champion Venus Williams lit up center court by easing past Slovenian qualifier Dalila Jakupovic 7-5 6-3 in the first round as the sun and fans returned to the tournament on Thursday.

After two days of almost constant rain Williams’ match on the 13,800 temporary stadium court kicked off a busy day as organizers scrambled to get back on schedule after rain washed away three of the first four sessions.

A move from cramped quarters at Crandon Park on picturesque Key Biscayne to the wide open spaces provided by acres of parking lots that surround the tournament’s new home at Hard Rock Stadium aims to give the Miami Open a bright new future.

Finally some of that potential shone through as people filled the spacious fanzone, generating some badly needed buzz.

Williams did her part to get the party rolling by overcoming a sluggish start to book her spot in the second round.

Trailing 5-4 in the opening set Williams stepped up a gear to sweep the next six games, breaking her opponent three times to claim the first set before jumping ahead 3-0 in the second to wake up a sleepy crowd.

Playing in her first WTA premier event, Jakupovic, 27, provided Williams with some early resistance, taking advantage of the 38-year-old American’s misfiring serve.

But the former world number one, making a record 20th appearance at the Miami Open, did not panic, breaking Jakupovic with the help of a challenge call that brought a smile to her face to seize control.

“She really plays the angles well and is definitely a real competitor,” said Williams summing up her 80th-ranked opponent. “I was just trying to get a feel for what her shot selection is like. That’s always really challenging as a new opponent.”

On an outside court, another tennis sibling, Mari Osaka, older sister of world number one Naomi, was not having the same success, falling 6-2 6-4 to American wildcard Whitney Osuigwe.

Osaka, ranked 338, will now have to content herself with being a cheerleader for her top-seeded sister who received a first round bye and will open her account against Belgian Yanina Wickmayer, a 3-6 6-3 6-1 winner over American Sachia Vickery.

(Editing by Ken Ferris)

Source: OANN

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Woman, Alleged Columbine Stalker Sol Pais/Sunshine is Dead

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Source: InfoWars

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FILE PHOTO: Customers shop in a Sainsbury's store in Redhill
FILE PHOTO: Customers shop in a Sainsbury’s store in Redhill, Britain, March 27, 2018. REUTERS/Peter Nicholls/File Photo

April 26, 2019

By James Davey

LONDON (Reuters) – With Sainsbury’s dream of creating Britain’s biggest supermarket group in tatters, its chastened CEO Mike Coupe needs to reassure investors he has the plan to arrest a sales decline when he presents annual results next week.

Britain’s competition regulator blocked Sainsbury’s 7.3 billion pound ($9.4 billion) takeover of Walmart’s Asda on Thursday, saying the deal would increase prices. Sainsbury’s shares fell 5 percent and are down 22 percent over the last three months.

For Sainsbury’s fourth quarter to March 9 analysts are on average forecasting a 1.6 percent fall in like-for-like sales, which would follow 1.1 percent decline over the Christmas period.

Monthly industry data from researcher Kantar has also shown Sainsbury’s as the weakest performer of the big four grocers this year and this month it lost its status as Britain’s No. 2 supermarket group by market share to Asda.

While Sainsbury’s has struggled, market leader Tesco has gained momentum, this month reporting a 34 percent jump in full year profit.

Prohibition of the deal was a major blow to Coupe, its architect and Sainsbury’s boss since 2014.

Martin Scicluna became Sainsbury’s chairman last month and when bedded-in may decide that if the group needs a major shake-up it is best carried out by a new leader.

Much will depend on the attitude of 22 percent shareholder the Qatar Investment Authority, which has so far declined to comment, as well as Coupe’s own appetite to continue after 15 years at the group.

THE RIGHT STRATEGY?

Coupe said on Thursday he was confident Sainsbury’s was pursuing the right strategy.

That was a clear indication that Wednesday’s results statement will not include radical changes to the group’s plans, such as a big margin reset — sacrificing profit to drive sales.

However, sources connected to Sainsbury’s said Coupe would likely acknowledge that more needs to be done on prices, so the supermarket business can better compete with its big four rivals – Tesco, Asda and No. 4 Morrisons – as well as German-owned discounters Aldi and Lidl.

Coupe’s strategy is based on differentiating Sainsbury’s food offer, growing its general merchandise, clothing business and bank, while investing in convenience and online channels.

Some analysts believe major change is needed.

HSBC analyst David McCarthy reckons Sainsbury’s needs a margin reset, should allocate more space for core lines and needs to drive better store standards. He said Sainsbury’s might consider closing down space in some of its larger stores and reducing its non-food offer.

For the full 2018-19 year analysts are on average forecasting a pretax profit of 626 million pounds, up from 589 million pounds in 2017-18 – a second straight year of profit growth. A full year dividend of 10.5 pence per share is forecast versus 10.2 pence last time.

Bank and lawyer fees related to the proposed combination with Asda were 17 million pounds in the first half and have reportedly jumped to around 50 million pounds.

(Reporting by James Davey; Editing by Keith Weir)

Source: OANN

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FILE PHOTO: FILE PHOTO: A Canadian dollar coin commonly known as the
FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto, Ontario, Canada, January 23, 2015. REUTERS/Mark Blinch/File Photo/File Photo

April 26, 2019

OTTAWA (Reuters) – Canada posted a budget surplus in the first 11 months of the 2018/19 fiscal year compared to a deficit the year earlier as revenues increased mostly on higher tax incomes, the finance department said on Friday.

The surplus for April-February was C$3.1 billion, compared to a deficit of C$6 billion in the same 2017/18 period. Revenues climbed by 8.5 percent, mainly due to higher tax receipts, while program expenses rose by 4.8 percent.

The surplus for February was C$4.3 billion compared with C$2.8 billion in February 2018. Revenues jumped by 12.2 percent while program expenses posted a more modest 6.9 percent gain.

Last month, the Liberals unveiled their new budget, projecting a C$14.9 billion deficit in 2018/19, with the deficit rising to C$19.8 billion in fiscal 2019/20.

(Reporting by Julie Gordon in Ottawa; Editing by Chizu Nomiyama)

Source: OANN

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President Trump said Friday he would beat Joe Biden “easily” in the 2020 presidential election, suggesting the former vice president could not have enough “energy” to hold the post—taking an apparent swipe at his age.

The president, departing the White House, was asked about Biden’s entrance into the Democratic primary field. Biden announced his presidential bid early Thursday morning, marking his third attempt at the White House.

JOE BIDEN OFFICIALLY LAUNCHES 2020 PRESIDENTIAL BID

“I think we’d beat him easily,” Trump told reporters Friday.

Trump, 72, said he feels “young” and is ready for 2020, and another term for his administration.

“I feel like a young man. I am a young, vibrant man,” Trump said. “I look at Joe, I don’t know about him.”

The president’s comments seemingly were a shot at the age of Biden, who is 76.

BIDEN ENTERS WHITE HOUSE RACE WITHOUT OBAMA’S ENDORSEMENT

“I would never say anyone’s too old,” Trump said. “I know they’re all making me look very young both in terms of age and in terms of energy.”

Biden became the 20th candidate to join the crowded Democratic primary field Thursday. But Biden is not the oldest in the pack. Sen. Bernie Sanders, I-Vt., is 77 and Sen. Elizabeth Warren, D-Mass., is 69.

Should Trump be re-elected, he would be 74 on Jan. 20, 2021—Inauguration Day. Should the presidency go to one of the elder Democrats in the field—Biden would be 78; Sanders would be 79; and Warren would be 71.

Meanwhile, in a wide-ranging interview on “Hannity” Thursday night, Trump dismissed Biden’s candidacy, nicknaming him “Sleepy Joe,” and saying he’s “not the brightest bulb.” Trump also said that while the former vice president has name recognition, he won’t “be able to do the job.”

Source: Fox News Politics

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Venezuela's Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas
Venezuela’s Foreign Affairs Minister Jorge Arreaza talks to the media during a news conference in Caracas, Venezuela April 8, 2019. REUTERS/Manaure Quintero

April 26, 2019

WASHINGTON (Reuters) – The U.S. Treasury Department on Friday imposed sanctions on Venezuela’s foreign minister and a Venezuelan judge, according to a statement on the department’s website.

Foreign Minister Jorge Arreaza and a judge, Carol Padilla, were targeted over the ongoing crisis in Venezuela, the Treasury Department said, the latest in a list of officials blacklisted by U.S. authorities for their role in President Nicolas Maduro’s government.

(Reporting by Susan Heavey, Makini Brice and Lesley Wroughton; Editing by Chizu Nomiyama)

Source: OANN

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Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of
Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of “Avengers: Endgame” in Los Angeles, California, U.S., April 25, 2019. REUTERS/Mike Blake

April 26, 2019

LOS ANGELES (Reuters) – Marvel Studios superhero spectacle “Avengers: Endgame” hauled in a record $60 million at U.S. and Canadian box offices during its Thursday night debut, distributor Walt Disney Co said.

Global ticket sales for the film about Iron Man, Hulk and other popular characters reached $305 million for the first two days, Disney said.

(Reporting by Lisa Richwine; Editing by Chizu Nomiyama)

Source: OANN

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