May 1, 2012 |
Collective Brands Inc., which owns footwear brands such as Sperry Top-Sider and Keds and the shoe retailer Payless ShoeSource, will be split in two by multiple buyers in a purchase valued at $2 billion, including debt. Wolverine Worldwide, Blum Capital and Golden Gate Capital formed an acquisition company to buy Collective for $21.75 a share. The deal was unanimously approved by Collective's board and is expected to close late in the third quarter or early in the fourth. The price represents a 104% premium on Collective's 30-day average stock price before Aug. 24, when the company first announced that it was looking into a strategic and financial shift for its operations.
March 3, 1996 |
What would be comparable to Buster Douglas knocking out Mike Tyson? Or the U.S. hockey team defeating the mighty Soviets in the "miracle on ice" at the 1980 Olympics? For followers of cricket, it would be the West Indies, the longtime masters of the game, losing Thursday at the World Cup in Pune, India, to Kenya, a semipro team making its debut after qualifying for the first time.
February 28, 1992 |
Notice anything unusual about this year? No, not the presidential campaign and elections. . . . There's an extra day, 366 instead of the usual 365. 1992 is a Leap Year. "Leap days" are added every four years to bring the calendar in line with Earth's orbit around the sun, which takes about 365 1/4 days. Without leap days, it could get so out of sync that at some point we would be celebrating Christmas in the middle of summer.
February 13, 1991 |
No socks were knocked off, no bells rang and genuine thrills appeared seldom at the latest Monday Evening concert. Still, hope was not denied: Fascinating recent music, bracketed by 20th-Century standards, made up the program. The flexible-sized, contemporary-music specialist ensemble Xtet, one of the better local inventions of the 1980s, took over Bing Theater at the Los Angeles County Museum of Art for this event, presenting scores by David Ocker, Bright Sheng and Donald R.
March 13, 1988 |
The John Daniel Society's Dominus debuted on "Leap Day," Feb. 29, at the Four Seasons in Manhattan, March 2 in Chicago and the following Friday in San Francisco. By now, all the enophiles in the country are critiquing this first release of Dominus 1984. What makes Dominus so special? Once more, it's the man before the grape. Christian Moueix, 42--the managing partner in the family that owns many splendid vineyards in Pomerol and St.
March 8, 2013 |
Sales at McDonald's restaurants slipped 1.5% last month, but not because of global economic difficulties or fast-casual competition. The fast food behemoth attributed the slide to the difficulty of comparing February's performance against the same month in 2012, which had an extra day due to the leap year. Factoring out the calendar quirk, the Oak Brook, Ill., company said its worldwide same-store sales at restaurants open at least 13 months rose 1.7%. Same deal with its U.S. sales, which dipped 3.3%.
May 16, 2012 |
The iconic Matterhorn Bobsled ride at Disneyland has been closed for a six-month renovation and is scheduled to reopen June 15. The overhaul is the first top-to-bottom construction project of the 147-foot-tall peak since it was built in 1959. Through the use of time-lapse photography, Disney released a video Wednesday that shows workers wrapping the snow-dusted summit in scaffolding and then removing the scaffolding again in only 47 seconds. Disney officials said they plan no significant changes to the ride itself.
March 1, 2012 |
Omni Hotels and Resorts launched a room sale on Leap Day that lasts longer than Feb. 29. The limited-time sale features deeply discounted rooms for stays mid-March through the end of May at hotels from Boston and New York to San Diego and L.A. The deal: The Leap Into Spring offer features rooms for $89-$189 a night, excluding tax. Sale rates apply to properties around the country. Here are some I like: --$89 at Omnis at downtown and Southpark in Austin, Texas; --$99 at the Omni at CNN Center in Atlanta; --$119 at the Omni Los Angeles Hotel, the Omni San Diego Hotel and the Omni Shoreham Hotel in Washington, D.C. Check out the full list of properties where sale prices apply.
April 26, 2013 |
Grab your mouse ears and get ready to spend an all-nighter at Disneyland and Disney World at the start of Memorial Day weekend, with Pixar characters from the upcoming movie "Monsters University" roving around and other special events. The Magic Kingdom Park in Orlando, Fla., as well as Disneyland and California Adventure Park in Anaheim will open at 6 a.m. May 24 and remain open for 24 hours, according to a Walt Disney World announcement....
CALIFORNIA | LOCAL
May 24, 2013 |
The Happiest All-Nighter on Earth? Hundreds of people flocked Friday to Disneyland and Disney California Adventure Friday, which opened for 24 straight hours beginning at 6 a.m. The Magic Kingdom Park in Orlando, Fla., was also opened for the "Monstrous Summer All-Nighter," part of the promotion for the entertainment giant's upcoming movie, "Monsters University. " The event marked the first time all-night opened for all three parks, Disney officials said. The last 24-hour event at Disneyland -- on Leap Day 2012 -- caused several headaches after a large after-work crowd overwhelmed the park , prompting officials to close gates for several hours.