Gun maker Colt Defense LLC plans to file for chapter 11 bankruptcy-court protection by Monday, according to people familiar with the matter, amid business-execution issues and a heavy debt burden. The company has secured financing from its existing senior lenders to continue operating while in bankruptcy and expects to remain in business after the restructuring, the people said.
The Wall Street Journal
Jurassic World has turned into quite the blockbuster hit. The film has crushed industry estimates, and has raked in a record $511.8 million globally, making it the first to ever break half a billion dollars over its opening weekend. That number comes from $204.6 million domestically, just shy of The Avengers' record $207.4 million weekend haul in 2012. The Colin Trevorrow-directed film also earned $307.2 million abroad, just a bit short of the international weekend record held by Harry Potter and the Deathly Hallows Part 2 ($314 million). The international figure for Jurassic World includes $100.8 million from China alone.
The leader of the Spokane NAACP, Rachel Dolezal, has canceled a chapter meeting Monday where she was expected to speak about the furor sparked over her racial identity. Her parents have said the 37-year-old activist has falsely portrayed herself as black for years. Dolezal sent out an email Sunday canceling the monthly membership meeting "due to the need to continue discussion with regional and national NAACP leaders."
The United States carried out an airstrike in Libya early Sunday against the mastermind of the 2013 terrorist seizure of an Algerian gas plant that left 38 foreign hostages dead, American and Libyan officials said on Sunday.
The New York Times