True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling its operations to rival company Do it Best for $153 million during the Chapter 11 process. Despite the financial struggles, True Value’s 4,500 independently operated locations will remain open, as they are not part of the bankruptcy proceedings. Do it Best CEO Dan Starr expressed confidence in the acquisition, stating it would provide the strongest opportunities for growth for True Value and independent hardware stores.
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Appeals court lifts blocks on Trump’s orders restricting diversity, equity and inclusion programs
An appeals court lifted a block on executive orders by President Trump seeking to end government support for diversity, equity, and inclusion programs, allowing them to be enforced as a lawsuit unfolds. The court found that the orders could eventually raise concerns about First Amendment rights but ruled that the nationwide injunction was too broad. The orders, which target DEI programs, had been challenged for being unconstitutional and discouraging support for diversity initiatives. Full Article
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