Jul 23, 2018

Papa John's doesn't want founder to buy the company

Dan Primack

Photo by Joe Raedle/Getty Images

Pizza chain Papa John's has adopted a so-called "poison pill," to help deter founder John Schnatter — who recently resigned as chairman after using racial slurs during a conference call — from acquiring a control position.

Big picture: Schnatter and his affiliates hold around a 30% stake in Papa John's, and the new structure would effectively dilute those shares were they to increase their position. It also would apply if another entity acquired at least a 15% stake, and expires in one year.

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Ursula Perano

Bloomberg denies telling a pregnant employee to "kill it"

Photo: Scott Olson/Getty Images.

Former Mayor Michael Bloomberg on the debate stage Tuesday denied telling a former employee to terminate her pregnancy.

Catch up quick: Per the Washington Post, a former saleswoman has alleged workplace discrimination against Bloomberg and his company and says Bloomberg told her to "kill it" when he learned she was pregnant. Bloomberg denied the allegation under oath and entered a confidential settlement with the woman.

Go deeperArrow3 mins ago - Politics & Policy
Orion Rummler

Debate night: Candidates' last face-off before Super Tuesday

Sanders, Biden, Klobuchar and Steyer in South Carolina on Feb. 25. Photo: Jim Watson/AFP via Getty Images

Sen. Bernie Sanders wants to keep his momentum after winning New Hampshire and Nevada, while former Vice President Joe Biden hopes to keep his own campaign alive. The other five candidates are just trying to hang on.

What's happening: Seven contenders for the Democratic presidential nomination are in Charleston, South Carolina, for the tenth debate, just days before the South Carolina primary and a week before Super Tuesday. They're talking about health care, Russian interference in the election, the economy and race.

Go deeperArrowUpdated 10 mins ago - Politics & Policy
Ursula Perano

Sanders to Putin: You won't interfere in any more elections if I'm president

Sen. Bernie Sanders sent a message to Russian President Vladimir Putin on the debate stage Tuesday, stating, "If I'm president of the United States, trust me, you're not going to interfere in any more American elections."

The big picture: It was unveiled last week that Russia has been interfering to boost Sanders' campaigns in an apparent attempt to strengthen President Trump's bid for reelection. Former New York Mayor Michael Bloomberg said that "Vladimir Putin thinks that Donald Trump should be president of the United States, and that's why Russia is helping [Sanders] get elected.

Go deeperArrow17 mins ago - Politics & Policy