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☆ Subway has sold itself to a private equity firm
▼ + stars: | 2023-08-24 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Subway has sold itself to private equity firm Roark Capital, ending a six-month long search for a buyer. “This transaction reflects Subway’s long-term growth potential, and the substantial value of our brand and our franchisees around the world,” Subway CEO John Chidsey said in a statement. However, the Wall Street Journal reported the purchase price was “around $9.6 billion,” which would be slightly below the chain’s $10 billion asking price. Despite the sales turnaround, the number of US Subway stores declined to 20,576 last year according to Technomic. Another issue for Roark: Yearly sales at Subway US restaurants are still much lower compared to its sandwich-making rivals.

Persons: Roark Capital, ” Roark, Auntie Anne’s, Carvel, John Chidsey, Roark, Roark’s, Dunkin ’, Jimmy John’s, “ Roark, ”, Neil Saunders, GlobalData, ” Saunders, Trevor Haynes, He’s, Douglas Fry Organizations: New, New York CNN — Subway, Roark, Subway, Buffalo Wild Wings, Sonic, ” Subway, “, Wall Street Journal, ”, Inspire Brands, Inspire, US Subway, QSR Magazine, Jersey, Subway’s North Locations: New York, North America, Subway, Subway’s North America, Canada

A Subway sandwich shop logo is pictured in the Manhattan borough of New York February 14, 2014. These conditions, known as an earn-out, defer payment on part of the deal consideration, the sources said. The Wall Street Journal reported on Monday that Roark Capital was nearing a deal to buy Subway for about $9.6 billion. A spokesperson for Subway declined to comment, while representatives for Roark and TDR did not immediately respond to requests for comment. Roark controls Inspire Brands, owner of the Jimmy John's, Arby’s, Baskin-Robbins, Buffalo Wild Wings, Dunkin’, Rusty Taco and SONIC Drive-In chains.

Persons: Carlo Allegri, Roark, DeLuca, Buck, John's, TDR, Sycamore, Goldman Sachs, Fred DeLuca, Peter Buck, Jimmy John's, Dunkin ’, Rusty Taco, Jimmy John’s, Abigail Summerville, Anirban Sen, Greg Roumeliotis Organizations: REUTERS, TDR, Sycamore Partners, Goldman Sachs, Subway, Street, Roark Capital, Goldman, Inspire Brands, Baskin, Robbins, Buffalo Wild Wings, Thomson Locations: Manhattan, New York, TDR Capital, Bridgeport , Connecticut, The Milford , Connecticut, U.S, Champaign , Illinois

Nigeria's Petroleum Minister Diezani Alison-Madueke (C) attends the flag-off for Nigeria's President Goodluck Jonathan's campaign for a second term in office, in Lagos January 8, 2015. REUTERS/Akintunde Akinleye/File Photo Acquire Licensing RightsSummary Ex-minister was arrested in London in 2015Police allege lavish lifestyle came from corruptionAssets frozen in UK, seized in U.S., NigeriaLONDON, Aug 22 (Reuters) - British police said on Tuesday they had charged former Nigerian oil minister Diezani Alison-Madueke with bribery offences, saying they suspected she had accepted bribes in return for awarding multi-million pound oil and gas contracts. Alison-Madueke, 63, served as petroleum minister from 2010 to 2015, under former President Goodluck Jonathan. A London lawyer who was acting for her in 2015 did not immediately respond to a request for comment. News of the British charges comes a month after a London court ordered the confiscation of $130 million from a former Nigerian oil state governor, James Ibori, in an unrelated but equally high-profile case involving political corruption in Nigeria.

Persons: Diezani Alison, Goodluck Jonathan's, Akintunde, Alison, Madueke, Goodluck Jonathan, Andy Kelly, St John’s Wood, Cartier, Louis Vuitton, James Ibori, Michael Holden, Estelle Shirbon, Giles Elgood Organizations: Nigeria's Petroleum, Nigeria's, REUTERS, Police, Nigeria LONDON, British, Organization of, Petroleum, NCA, Westminster Magistrates, Louis, U.S . Department of Justice, Thomson Locations: Lagos, London, U.S, Nigeria, Africa's, Britain, United States, St John’s, Westminster

☆ Adobe co-founder Jon Warnock is dead at 82
▼ + stars: | 2023-08-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —John Warnock, co-founder of Adobe, has died aged 82, the software company announced on Sunday. Warnock helped start the revolutionary company in 1982 with the late Charles Geschke, and transformed Adobe into a software powerhouse that became the backbone of the internet. “John’s brilliance and technology innovations changed the world,” Adobe CEO Shantanu Narayen said in a letter sent to employees. “I had an amazing teacher in high school who, essentially, completely turned me around,” Warnock said. “He was really good at getting you to love mathematics, and that’s when I got into it.”A cause of death wasn’t revealed.

Persons: New York CNN — John Warnock, Warnock, Charles Geschke, ”, Shantanu Narayen, ” Warnock, Geschke, ” Narayen, Warnock’s, Barack Obama, “, wasn’t Organizations: New, New York CNN, Adobe, of Technology, Innovation, Marconi, University of Utah Locations: New York, Salt Lake City

Two of Australia’s largest grassroots Indigenous football bodies – Indigenous Football Australia (IFA) and the Australian Indigenous Football Council (AIFC) – say there’s no funding for Indigenous football in Legacy ’23, the 357 million Australian dollar ($228 million) post-tournament fund dedicated to growing soccer in Australia. By contrast, the AIFC oversees state and territory Indigenous football councils and organizes the First Nations Indigenous Football Championships and teams who play as the Indigenous Roos and Koalas. The AIFC recently signed a “Football Treaty” with New Zealand equivalent, Māori Football Aotearoa, and Gilbert wants to create a World Indigenous Football Council and Indigenous World Cup, independently of FIFA. Pickering-Parker seems more hopeful that the World Cup will bring more funding to his small team of volunteers: “Right now. If hosting a Women’s World Cup isn’t going to do it, I don’t know what else is,” she said.

Persons: “, that’s, it’s, ”, Ros Moriarty, James Johnson, Karen Menzies, John Maynard, “ I’ll, I’m, I’ll, Maynard, –, who’ve, Asanka Brendon Ratnayake, Moriarty Football, John’s, Moriarty, ” Lawrence Gilbert, Gilbert, ” John Moriarty, John Moriarty, Johnson, We’ve, It’s, Jennifer Pickering, Tai Tokerau, “ You’re, ” Pickering, Claudia Bunge, Michaela Foster, Mathias Bergeld, Phillip Pickering, Parker, Pickering, Kyah Simon, who’s, Lydia Williams, Williams, ” Williams, Matt King, Australia’s, That’s, crowdfunding, NIAG, we’ve, Menzies, we’re, … Organizations: Sydney CNN —, Indigenous Football Australia, IFA, Australian Indigenous Football Council, Indigenous, Moriarty Foundation, Football Australia, CNN Sport, FIFA, Indigenous Advisory, CNN, Aboriginal Soccer Tribe, UNICEF Australia First Nations, Aboriginal, Torres Strait, Elders, Commonwealth, First, First Nations, Reuters, Australian, soccer team, ” John Moriarty Football, New South, Nations Indigenous Football, Indigenous Roos, Treaty, Māori Football Aotearoa, Indigenous Football Council, Nations Australian, Nations, . New Zealand, ”, New Zealand Football, AFL, Australian Football League, Sydney Football Stadium Locations: Australia, New Zealand, Brisbane, New South Wales, Koalas, Tai, New, ., Norway, Kalgoorlie, Western Australia, Perth, “

☆ Why are Treasury yields so high and what does it mean for you?
▼ + stars: | 2023-08-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

On Thursday, the yield on the US 30-year Treasury bond hit its highest since 2011 and the 10-year note notched its best return since October 2022. Bond yields go up as bond prices fall. What it means: Higher bond yields could mean bad news for stocks: Bonds compete with stocks for investors’ dollars, and when yields go up, equities often go down. If international bond yields rise, the demand for US bonds may decrease, meaning the US may have to offer even higher yields to attract investors. Still, whatever happens abroad, Turnquist said the key to bringing Treasury yields down will be a slower US economy.

Persons: Bond, Stocks, Adam Turnquist, Turnquist, ”, ” Taylor, Taylor Swift, QuestionPro, Swift, Krystal Hur, Bryan Mena, Elton John’s, Larry Miller, New York University Steinhardt Organizations: CNN Business, Bell, New York CNN, Federal, Federal Reserve, Atlanta Fed, LPL, Treasury, EU, Bank of, Electric, Hawaiian Electric Industries, Street Journal, P Global, CNN, North, New York University Locations: New York, Bank of Japan, Hawaii, Maui, Lahaina, Los Angeles, American, North America

New York CNN Business —Taylor Swift’s era-defining “Eras” tour is flying like a jet stream, high above the music scene — by billions of dollars. The tour could gross $2.2 billion in North American ticket sales alone, according to August survey data from research firm QuestionPro provided to CNN exclusively. ‘An economic phenomenon’“Taylor Swift’s ‘Eras’ tour is rewriting the playbook of entertainment economics,” said Chris Leyden, director of growth marketing at SeatGeek. “She’s not just a performer — she’s an economic phenomenon.”The average resale price of an “Eras” ticket was $1,607, SeatGeek told CNN. Swift kicked off the highly-anticipated “Eras” — her first tour since her “Reputation” stadium tour in 2018 — in March.

Persons: New York CNN Business — Taylor, QuestionPro, Swift, Elton John’s, Larry Miller, New York University Steinhardt, “, ”, Miller, concertgoers, Taylor, Chris Leyden, “ She’s, —, SeatGeek, “ Taylor, Terri Shoemaker, Taylor Swift, Hell, Swifties, “ We’ve, Ethan Chernofsky, That’s, it’s, I’ve Organizations: New York CNN Business, North, CNN, New York University, Swift, Arizona Food Bank Network, Retailers, Ticketmaster, Entertainment, Nissan Locations: Los Angeles, American, North America, Arizona, Philadelphia, Nashville , Tennessee, Arlington , Texas

☆ What really is plus-size fashion? Experts weigh in on the term’s meaning
▼ + stars: | 2023-08-08 | by ( Kristen Rogers | ) edition.cnn.com time to read: +11 min

But what’s really considered a plus-size body or garment? Mike Coppola/Getty ImagesThough there are no universal criteria for plus-size clothing, the general perception of what constitutes plus-size has changed over time. Sixty-seven percent of US women are considered plus-size, Downing Peters said. The dearth of plus-size clothing adds to a stigma that makes people with bigger bodies feel marginalized, she added. Other stores have meanwhile stopped separating standard and plus-size clothing into different departments, which may help eliminate stigma, Keist said.

Persons: Ashley Graham, Paloma Elsesser, Precious Lee, Tess Holliday, what’s, ”, Lauren Downing Peters, Mike Coppola, “, Marilyn Monroe, ’ ”, Carmen Keist, —, Downing Peters, Monroe wouldn’t, ” Downing Peters, it’s, Emma McClendon, Keist, Jeff Greenberg, ” Keist, ” “, Tim Wimborne, Mina White, White, Jacopo Raule, we’ve, lionizing, ’, Fang, Lane Bryant, Christian Siriano, Michael Kors, I‘d Organizations: CNN, Columbia College Chicago, New York, Bradley University in, Bettmann, Getty, St, John’s University, El, Fashion Group, Reuters, Vogue, Brands, Universal, Dia, Co Locations: Bradley University in Illinois, Korea, United States, United Kingdom, British, New York, El Corte, Spain, Sydney, Florence, inclusivity, Meijer

☆ Why Taco Bell’s free taco giveaway is happening everywhere but New Jersey
▼ + stars: | 2023-08-08 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

The giveaway is valid in 49 states but not in New Jersey, the only place where the Taco Tuesday trademark is not canceled. Taco John’s, the regional taco chain that had “Taco Tuesday” trademarked for 34 years, announced last month that it’s ending its fight in defending the phrase against Taco Bell’s lawyers. Taco Bell argued “Taco Tuesday” is a common phrase every restaurant should be able to use. Leading up to the event, Taco Bell will offer a free Doritos Locos Taco on Tuesdays (August 15, 22, 29 and September 5). CNN has reached out to Taco Bell about its plans for New Jersey.

Persons: Taco Bell, Taco John’s, We’re, ”, Emma Gregory, Gregory, Gregory’s, Gregory Gregory, “, “ We’ve, Taco, Jim Creel, Josh Gerben Organizations: New, New York CNN, Taco, US, Taco John’s, CNN, Taco Bell, Locos Locations: New York, New Jersey, Somers Point , New Jersey, Taco, Jersey, –, . New Jersey

[1/2] The Subway restaurant logo is seen on a napkin in this illustration photo August 30, 2017. Subway expects to fetch well over $9 billion in a deal, and it remains uncertain whether TDR and Sycamore can meet its price expectations, the sources said. Private equity firm Advent International, which had teamed up with Goldman Sachs Asset Management on a bid for Subway, has dropped out of the process, the sources said. Goldman Sachs (GS.N) may decide to team up with one of the other bidders, the sources added. Subway, Roark and TDR did not immediately respond to requests for comment.

Persons: Thomas White, Goldman Sachs, Roark, Jimmy John's, Jimmy John’s, TDR, Fred DeLuca, Peter Buck, Anirban Sen, Abigail Summerville, Nick Zieminski Organizations: REUTERS, TDR Capital, Sycamore Partners, Roark Capital, International, Goldman Sachs, Management, Subway, Bloomberg News, JPMorgan Chase &, Reuters, Thomson Locations: Sycamore, Champaign , Illinois, Milford , Connecticut, Bridgeport , Connecticut, The Milford , Connecticut, U.S, New York

☆ Taco Bell lawsuit: New York man sues food chain alleging false advertising
▼ + stars: | 2023-08-01 | by ( Ellie Stevens | ) edition.cnn.com time to read: +2 min

New York CNN —The photos online of Taco Bell’s Mexican Pizza last September reeled in New York resident Frank Siragusa. From webbedgiant/RedditThese claims against Taco Bell are not the first of its kind for Siragusa’s lawyers, James Kelly and Anthony Russo. Siragusa is seeking $5 million for customers who purchased Taco Bell menu items affected by false advertising practices. The lawsuit comes just as Taco Bell wrapped up its battle against Taco John’s for the “Taco Tuesday” trademark, in which the taco chain successfully petitioned for the phrase to be available for all. Taco Bell did not immediately respond to CNN’s request for comment.

Persons: Frank Siragusa, Siragusa, “, Crunchwrap, ”, Taco Bell, James Kelly, Anthony Russo, Burger King, Bell, Taco John’s Organizations: New, New York CNN, Taco, taco, Pizza, Bell, Taco Bell's, Taco Bell, CNN Locations: New York, Brooklyn

☆ Kevin Spacey Found Not Guilty of Sexual Assault
▼ + stars: | 2023-07-26 | by ( Alex Marshall | More About Alex Marshall | ) www.nytimes.com time to read: +1 min

Shortly after the verdict, Mr. Spacey walked out of the courthouse — shaking the hands of several jurors on the way and kissing two security guards on the cheek — and gave a brief statement to a throng of waiting reporters. During the almost monthlong trial in London, the court heard from four men who said that Mr. Spacey assaulted them between 2001 and 2013. One complainant told the British police that Mr. Spacey touched him multiple times without his consent. During the trial, Mr. Spacey — who appeared under his full name, Kevin Spacey Fowler — said that the pair had a consensual “naughty relationship.” The actor added that he felt “crushed” by the complainant’s characterization of their encounters. Elton John, giving evidence for Mr. Spacey’s defense, said that Mr. Spacey only attended his ball once, in 2001, several years before the complainant said he was groped.

Persons: Spacey, “, ”, Old, Elton John’s, Ball, Spacey —, Kevin Spacey Fowler —, Elton John Organizations: British Locations: London

☆ Taco John’s, Taco Bell Terminate ‘Taco Tuesday’ Trademark Tussle
▼ + stars: | 2023-07-18 | by ( Joseph De Avila | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 1ba3c03b Organizations: johns

☆ Taco Bell and Taco John's drop their 'Taco Tuesday' fight
▼ + stars: | 2023-07-18 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Taco John’s, the regional chain that has “Taco Tuesday” trademarked, announced Tuesday that it’s ending its fight in defending the phrase and will “abandon” it because it doesn’t want to pay the legal fees that come with a fight against Taco Bell. Taco Bell didn’t immediately respond for comment. Taco John’s has owned the trademark in every state except New Jersey since 1989. “If the case was litigated to the end, Taco John’s could have suffered a significant public-relations loss. By bowing out of the court fight at this point, given the low probability of winning, Taco John’s can work to control the court of public opinion around the issue.

Persons: “ We’ve, Taco, Jim Creel, Taco Bell, Creel, Taco John’s, Josh Gerben, ”, “ Organizations: New, New York CNN, Taco Bell, US, Taco John’s, Taco, of Restaurant Employees, CORE, CNN Locations: New York, Taco, New Jersey

Vertical thrusters Horizontal thruster Viewport Horizontal thruster Vertical thrusters Horizontal thruster Viewport Horizontal thruster Titanium hemisphere Carbon fiber cylinder Titanium hemisphere Titanium hemisphere Carbon fiber cylinder Titanium hemisphereTitan had several cost-saving departures from proven submersible designs. And Titan’s carbon fiber cylinder was attached to titanium hemispheres, creating several joints of dissimilar materials that are challenging to bond properly. Titan Hull The pressure applied to a pill shape is distributed disproportionately and may cause collapse similar to a soda can being crushed. Titan The Polar Prince towed the Titan submersible through a harbor in St. John’s, Newfoundland, in May. Dolores Harvey/Alamy Alvin Alvin is brought out to sea aboard a scientific ship like Atlantis, shown here lifting Alvin over the water.

Persons: Hull, Alvin Hull, OceanGate, Oisin Fanning Alvin, Alvin, Tim Foecke, ”, Foecke, Rush, Arnie Weissmann, Dolores Harvey, Alvin Alvin, Andrew Von Kerens, submersibles, Alfred S, McLaren, Navy submariner, Kedar Kirane, Mr, Kirane Organizations: Titan, The New York Times, Oceangate, Oceanographic, Alvin, Stockton Rush, Travel, Explorers Club of New Locations: St, John’s, Newfoundland, Navy, Explorers Club of New York City

☆ US inflation cooled in June for the 12th straight month
▼ + stars: | 2023-07-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

US annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday by the Bureau of Labor Statistics. The June annual rate is down from 4% in May and landed slightly below economists’ expectations for a 3.1% increase, according to Refinitiv. Starting in March 2022, the central bank rolled out 10 consecutive interest rate hikes to tame inflation, finally hitting pause last month. And June of last year was monumental: Annual inflation soared to 9.1%, the highest in more than 40 years largely because of record-high energy costs. So the Fed and economists have been keyed in on what’s happening with core inflation, particularly core services.

Persons: Olivia Newton, ” William Ferguson, “, Joe Biden, ” Sung Won Sohn, Lael Brainard, ” Brainard, Brainard, ” Julia Pollak, ZipRecruiter, Sohn, ”, —, Nicole Goodkind Organizations: Minneapolis CNN, Bureau of Labor Statistics, CPI, Grinnell College, CNN, Federal Reserve, Loyola Marymount University, SS Economics, Core PCE, National Economic Council, Economic, of New, BLS, Kansas City Fed Locations: Minneapolis, Iowa, of New York

☆ Freshly sliced meat and new store designs: How Subway is trying to save itself
▼ + stars: | 2023-07-08 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

Subway scrambled to make fixes: Adding freshly sliced meat earlier this month was the most recent one. Revamped menuSubway added freshly sliced meat this week. In addition to a more neatly organized menu board, Subway added numbers and new names to speed up service. And this week, it rolled out freshly sliced meat — a major shift from Subway’s previous method of having the meat sliced at its factories before being delivered to its stores. Adding freshly sliced meat “felt like the natural step that we needed to get back to and address,” Trevor Haynes, president for Subway’s North America operations, previously told CNN.

Persons: that’s, –, Dunkin, Jimmy John’s, Anthony Behar, ” Trevor Haynes Organizations: New, New York CNN, Firehouse, Wall Street, Inspire Brands, Subway, North, QSR Magazine, Jersey, Apple, customizations, Subway’s North, CNN Locations: New York, Jersey, North America, Subway’s North America

☆ Elton John celebrates last show on his farewell tour
▼ + stars: | 2023-07-08 | by ( Zoe Sottile | ) edition.cnn.com time to read: +1 min

Elton John is set to perform Saturday night what he says will be the last show on the final tour of his career. “It’s the last time that I will be touring and traveling the world,” John says in the clip. The five-time Grammy winner’s “Farewell Yellow Brick Road tour” kicked off in 2018 and was originally meant to end in 2021, but was postponed due to the Covid-19 pandemic. The 76-year-old musician headlined the Glastonbury Festival as his final UK stop on his farewell tour. During his 2018 interview with Cooper, John attributed his retirement from life on the road to his decision to focus on his family.

Persons: Elton John, CNN’s Anderson Cooper, “, ” John, winner’s, ”, John’s, Cooper, John, David Organizations: CNN, Glastonbury Festival Locations: Stockholm, Sweden, British

☆ Subway is making another big change to its menu
▼ + stars: | 2023-07-05 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —To undercut its fast-growing rivals, Subway is making a big change to its meats. Subway locations currently fresh slice vegetables and freshly bakes bread and cookies daily. The makeover placed less of an emphasis on customization in favor of a “Subway Series” sandwich menu, which now accounts for 20% of sales. Average yearly sales at Subway US restaurants, however, are much lower compared to its sandwich business rivals. Subway is also up for sale, with Haynes saying that it’s “on track” for an imminent announcement, likely in mid-July.

Persons: Jimmy John’s, ” Trevor Haynes, Haynes Organizations: New, New York CNN, Jersey Mike’s, Subs, Subway’s North, CNN, Subway, QSR Magazine, North Locations: New York, Jersey, Subway’s North America, North America

☆ The strange history of Taco Tuesday
▼ + stars: | 2023-07-04 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

Regional chain Taco John’s owns the “Taco Tuesday” trademark, and last week it responded to a lawsuit from Taco Bell that aims to cancel the trademark. The story begins in the 1980s, when a Taco John’s restaurant owner coined the term “Taco Twosday” to advertise a deal of 99 cents for two tacos on its slowest day of the week. Since then, Taco John’s has defended its use of the phrase and sent cease-and-desist letters to others trying to use it. “We also recognize that the unauthorized use [of Taco Tuesday] is prolific, and we do our best to communicate ownership.”It’s not only Taco Bell that wants to eliminate the trademark. “This is not going to be something where Taco Bell is going to be able to declare victory anytime soon,” he said.

Persons: Taco, ”, Taco John’s, we’ve, Billie Jo Waara, “, ” It’s, Taco Bell, ’, Gregory, Josh Gerben, John’s, Gerben Organizations: New, New York CNN, “ Taco, Taco John’s, Taco, Gregory Hotel, Taco Bell, “, CNN Locations: New York, Taco Bell, Wyoming, California, New Jersey, —

☆ Ringo Starr says The Beatles would ‘never’ fake John Lennon’s vocals with AI on new song
▼ + stars: | 2023-07-01 | by ( Dan Heching | ) edition.cnn.com time to read: +2 min

CNN —Ringo Starr is doubling down about the authenticity of the vocals on the highly anticipated new Beatles song recently teased by former bandmate Paul McCartney. Starr spoke with Rolling Stone for an upcoming podcast, in which he ensured that they would “never” fake the late John Lennon’s vocals for the new track, which instead uses AI to clean up previously recorded snippets. The song will also feature the voice of the late George Harrison, Starr confirmed. And that’s a fact.”McCartney also attempted to clarify last month how artificial intelligence is being used on what he said will be the “final” Beatles song. The music icon, who just finished a spring tour with his All-Starr band, told Rolling Stone that he’s feeling great.

Persons: Ringo Starr, Paul McCartney, Starr, John Lennon’s, George Harrison, ”, “, ” McCartney, “ We’ve, Lennon, Harrison, John, ” Starr Organizations: CNN, Stone, BBC Radio

CNN —Huge pieces of the doomed submersible Titan were hoisted onto a Canadian pier Wednesday nearly a week after authorities announced a “catastrophic implosion” had killed all five men onboard the minivan-sized vessel, according to the company leading the effort and photos of the task. Titan debris brought up from the ocean floor is unloaded Wednesday from the Horizon Arctic ship at the Canadian Coast Guard pier in St. John's. Pelagic Research Services deferred questions to the US Coast Guard, adding its team cannot comment on or provide any information related to the investigation into the Titan’s demise. The company will hold a news conference at its East Aurora, New York, operations base after “our team has regrouped,” it said. A Transportation Safety Board of Canada spokesperson declined to comment to CNN, saying more information about its investigation is forthcoming as warranted.

Persons: Canadian Press ’ Paul Daly, John's, Paul Daly, Titan’s, “ Organizations: CNN, Canadian Coast Guard, Canadian Press, Research, Crew, US Coast Guard, Transportation Safety Board, Canada Locations: St, John’s, Newfoundland, Labrador, Aurora , New York

☆ Debris and Presumed Human Remains From Lost Titan Are Recovered
▼ + stars: | 2023-06-28 | by ( Remy Tumin | Rebecca Carballo | ) www.nytimes.com time to read: +4 min

The LatestDebris and presumed human remains from the Titan submersible have been recovered and returned to land, the U.S. Coast Guard announced Wednesday night, nearly a week after an international search-and-rescue operation ended and the vessel’s five passengers were presumed dead. At a Canadian Coast Guard pier in St. John’s, Newfoundland, on Wednesday, crews unloaded what appeared to be the Titan’s 22-foot hull, crinkled and twisted with exposed wires and cables. United States medical professionals “will conduct a formal analysis of presumed human remains that have been carefully recovered within the wreckage at the site of the incident,” the Coast Guard said in a statement. The U.S. Coast Guard is leading the investigation into why the submersible imploded and has convened a marine board of investigation, the highest level of investigation in the Coast Guard. The discovery suggested a “catastrophic implosion” with no survivors, according to the U.S. Coast Guard.

Persons: “, Carl Hartsfield, Hartsfield, ”, Eduardo Medina Organizations: Titan, U.S . Coast Guard, Canadian Coast Guard, Canadian Press, Marine Board, Investigation, United, Coast Guard, Research Services, Oceanographic, World Records Locations: St, John’s, Newfoundland, U.S, United States, Canada, United Kingdom, France, British

☆ Titanic submersible: A robot is combing the sea floor for debris from the implosion as a multinational investigation begins
▼ + stars: | 2023-06-26 | by ( Nouran Salahieh Samantha Beech | Nouran Salahieh | Samantha Beech | ) edition.cnn.com time to read: +8 min

The US Coast Guard has convened a Marine Board of Investigation to probe the implosion – the “highest level of investigation the Coast Guard conducts,” US Coast Guard chief investigator Capt. Military experts found debris from the ill-fated submersible about 1,600 feet from the bow of the Titanic on Thursday, the US Coast Guard previously said. “This case has been extremely complex, involving a coordinated international, interagency and private sector response in an unforgiving and difficult to access region of the ocean,” US Coast Guard Rear Adm. John Mauger, the First Coast Guard District commander, said Sunday. The Coast Guard announced the vessel suffered a “catastrophic implosion,” killing everyone on board. Pelagic's remotely operated vehicle Odysseus 6 is lifted out of the ocean after searching for debris from the Titan submersible on June 22, 2023.

Persons: Jason Neubauer, ” Neubauer, “, ” Kathy Fox, Kent Osmond, John Mauger, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Suleman, Odysseus, Neubauer, Paul Hankins, Jeff Mahoney, Mahoney, Rush, ” Rachel Lance, ”, Karl Stanley, ” Stanley, OceanGate, Guillermo Sohnlein, ” Sohnlein Organizations: CNN, US Coast Guard, Marine Board, Investigation, Coast Guard, Authorities, Prince, Transportation, Board of Canada, Royal Canadian Mounted Police, RCMP, Polar Prince, US, Guard, First Coast Guard District, OceanGate Expeditions, Stockton Rush, Titan, Research, Research Services, Salvage Operations, Ocean Engineering, Deep Energy, US Navy, Navy, Duke University, Rush Locations: Canada, St, John’s, British, French, Bahamas

☆ Taco John’s responds to Taco Bell’s Taco Tuesday lawsuit
▼ + stars: | 2023-06-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —The fight for the “Taco Tuesday” trademark is getting spicy. Taco John’s, a regional chain, has responded to Taco Bell’s effort to liberate the phrase so that anyone can use it. In a filing Friday, responding to Taco Bell’s petition to “cancel” the trademark, Taco John’s parent company Spicy Seasonings denied there is “anything ‘not cool’ about” obtaining a trademark for the phrase. Gerben expects that Taco John’s and Gregory Hotel will likely conduct their own investigation as to whether or not Taco Bell has been “attempting to assist other restaurants or celebrities to use Taco Tuesday in an attempt to invalidate their trademark rights,” perhaps with a similar customer survey. “This is not going to be something where Taco Bell is going to be able to declare victory anytime soon,” he said.

Persons: Taco, ”, Taco Bell, Taco John’s, “, infringers, Josh Gerben, Taco Bell “, John’s, Gregory, Gerben Organizations: New, New York CNN, US, Taco John’s, Taco, Taco Bell, infringers, CNN Locations: New York, John’s, Wyoming, New Jersey

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