K&W Cafeterias files for bankruptcy following the closing of six restaurants

K&W Cafeterias has filed for Chapter 11 bankruptcy following the closing of several of its restaurants, including two in the Triangle.


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The Winston-Salem-based company submitted bankruptcy filings last week in North Carolina Middle District Bankruptcy Court. In an emailed statement, K&W president Dax Allred said the restaurant company’s cafeteria-style dining model and often older clientele made it particularly vulnerable to financial strain brought on by the COVID-19 pandemic.

Allred said the company had made efforts to modernize in recent years by adding online ordering and delivery options, but that the onset of the coronavirus crisis led to bankruptcy.

“Unfortunately, the impact of COVID-19 and related operating restrictions had a disproportionately negative impact on our loyal guests and cafeteria-style dining,” Allred said. “We are hopeful this restructuring will allow our cafeterias to weather the storm and continue serving guests for years to come.”

K&W opened in 1937. Allred is

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Here’s how investing apps encourage people to trade more often

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

  • Some investing apps are designed to get you to trade more often, says a behavioral finance expert. 
  • Dan Egan, director of behavioral finance and investing at Betterment, explains that these apps are designed to encourage impulse decisions, rather than investing for the long-term.
  • Investing apps also encourage trading by advertising free trades, though oftentimes fees can be built in or hidden in some other way, Egan says. 
  • While not all investing apps are designed this way, companies that make money on each trade may be more likely to encourage frequent trading. With some research, you should be able to tell which is the case for the company you’re considering.
  • Start
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“RICO” Defendant John Ritenour & Insurance Office of America Accused of “Stealing Insurance Commissions” from Its Own Agents; Witnesses Sought Regarding Allegation

In New Lawsuits Filed Against the Ritenours, Insurance Office of America, John Ritenour and Heath Ritenour are accused of “Skimming Insurance Commissions” from IOA’s Sales Agents: Witnesses Sought in Connection to Allegations

Orlando, FL, September 03, 2020 –(PR.com)– Witnesses sought relative to allegations against Insurance Office of America and “RICO” Defendants John Ritenour and Heath Ritenour for “Skimming Insurance Commissions” from Insurance Office of America insurance Agents. In an Amended Complaint filed in Broward County Circuit Court, Plaintiff, represented by Farrow Law Firm, alleges: “Defendants Valli Ritenour, John Ritenour and Heath Ritenour (wife, husband and son) are founders/corporate officers of Defendant Insurance Office of America – one of the largest privately-owned insurance companies in the United States. These Defendants tout themselves as having created a ‘family-oriented’ insurance company that ‘partners’ with their sales force to provide the best working environment and largest commissions in the insurance industry.

“Defendants Valli Ritenour,

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What’s in Store for ABM Industries (ABM) in Q3 Earnings?

ABM Industries Inc. ABM is scheduled to report third-quarter fiscal 2020 results on Sep 8, after market close.

Let’s check out how things have shaped up for the announcement.

Q3 Expectations

The Zacks Consensus Estimate for the company’s third-quarter fiscal 2020 revenues is pegged at $1.44 billion, indicating a 12.6% year-over-year decline. The expected downside can be attributed to coronavirus-related disruptions, facility closures, and service-scope changes, mainly within the Aviation, Technical Solutions and Education segments.  These, however, might have been partially offset by huge demand for COVID-19-related Work Orders (tags) in the Business & Industry, Technology & Manufacturing and Education segments.

The consensus mark for earnings stands at 43 cents per share, suggesting a significant 28.3% decline year on year.

What Our Model Says

Our proven model does not conclusively predict an earnings beat for ABM Industries this time around. The combination of a positive Earnings ESP and a Zacks

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Roundball Classic charity event pivots to remote format – Sports – The Topeka Capital-Journal

LAWRENCE — One of the area’s most recognizable charity events will have a new look when it returns at 7 p.m. Friday.

The Rock Chalk Roundball Classic, an annual fundraiser for local families affected by pediatric cancer, has pivoted to a long-distance format this year due to travel and other restrictions imposed by the COVID-19 pandemic, said event organizer and Topeka native Brian Hanni.

Typically a multi-day, multi-event experience anchored by an exhibition contest that features former Kansas men’s basketball greats and other Jayhawk personalities, this year’s virtual incarnation will instead take the form of a “Shooting for the Stars” 3-point contest with some of the program’s all-time top sharpshooters participating remotely.

“I think that this pandemic has caused every charitable organization to rethink how they do things, and in many cases folks have had to flat out take a year off from what they do,” said Hanni, the play-by-play

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Filthy tourists leave underwear and face masks hanging from trees at ancient Scots beauty spot

Tourists have been slammed for hanging dirty face masks, thongs, socks and bras from trees at an ancient pilgrimage beauty spot in the Scottish Highlands.

Pictures taken at the Munlochy Clootie Well in Ross and Cromarty have been branded branded “rank” after visitors tied their dirty laundry to branches in a bid to ward off sickness and bring them luck.

Traditionally, Clootie Wells are places of pilgrimage in Celtic areas where strips of cloth and rags are left as part of an ancient healing ritual.

a person wearing a costume: Bras are amongst the items being left at the the Munlochy Clootie Well

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Bras are amongst the items being left at the the Munlochy Clootie Well

The rags are meant to be dipped in a nearby well and tied to a nearby tree in the hope that sickness or ailment will fade as the rags disintegrate.

But now, inconsiderate explorers have been blasted for leaving their dirty, unhygienic undergarments behind in the woodlands.

John MacInnes, from

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Top Home Improvements to Complete Before You Move into Your New Property

If you’ve recently purchased a property or will close on the transaction soon, you’re probably chomping at the bit to get into your new house and make it a home. However, before you pack all your gear and book movers, it’s a good idea to think about what home improvements you can do before you’re living in the property. 

Moving is stressful, particularly when you have children to help transition to a new place, so it pays to reduce anxiety and upheaval by completing jobs before you arrive. 

Check Plumbing

No one wants to move into a new home to have their furniture and other belongings damaged by water leaks. Plus, of course, you also don’t want to have to pay for the cost of losing a lot of water to a leak rather than getting to use it. 

Avoid ending up in this situation by looking out for large

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5 red flags to look for in investing apps, according to an expert

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

  • Behavioral finance expert Dan Egan of Betterment says there are a few ways that investing apps try to increase user engagement.
  • Color psychology is a big part of these apps; they often use red and green to get an emotional response from investors. 
  • Another red flag is right on the home screen. If your app opens to show you a short-term view, it might be trying to influence you, as long-term views tend to look much more stable. 
  • If your app feels more like gambling than long-term wealth building, that’s another red flag. 
  • Start investing today with Betterment »

Investing apps have put the process of investing in the palm

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The challenges and opportunities for the banking sector and financial inclusion

By Tohid Atashbar, Senior Economist, of the Majlis Research Center

The Middle East and North Africa (MENA) region is currently facing a double shock: COVID-19 and declining hydrocarbon prices. At the same time, policymakers in the region are facing an additional burden of how to maintain the distancing measures required to contain the disease while keeping the economy open to protect it from a severe recession and lethal poverty.

Many customers of the banking sector have been gripped by job losses and declining profits as the virus continues to spread throughout the entire region. Reports from the International Monetary Fund (IMF)[i], the World Bank (WB)[ii] and other global institutions show that the MENA economy is bracing for its biggest slump in decades, mainly because of the new coronavirus outbreak and also low oil prices. Average estimates suggest that there will be up to a 5-percent contraction

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Saints get creative, T-Bob Hebert talks LSU and Mariners honor Gleason family

SUNDAY SPORTS EXTRA: Saints get creative, T-Bob Hebert talks LSU and Mariners honor Gleason family

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good Sunday evening, everyone. I’m WD issue sports anchor Fletcher Mackel, reporting tonight from my home in mid City, and we’re still talking about the Jadeveon Clowney saga. The New Orleans Saints wanted to sign the three time Pro Bowl defensive end, but in the end, he ended up agreeing to terms with the Tennessee Titans. But on Sunday afternoon, the NFL Network shed some light on what could have been one of the most creative deals in NFL history. Had Saints general manager Mickey Loomis been ableto pull this off, it would have been precedent setting, and it could have changed the NFL for years to come. In layman’s terms, here’s how things broke down. The Saints were reportedly going to work with

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