The Bon-Ton Stores, Inc. Announces November 2017 Sales

Firecrown Media has acquired Trains magazine and several other railroading publications from Kalmbach Media, Trains reports. The terms were not disclosed. Also included are Classic Trains, Model Railroader, Classic Toy Trains, FineScale Modeler, and Astronomy. Firecrown owns numerous transportation brands, including Flying, Plane & Pilot, Boating, Yachting, and the supply chain site FreightWaves.

Bertelsmann Investments (BI) is acquiring a stake in Ada Health, a leading European start-up in the digital health sector, thus strengthening its commitment to the promising business field of digital health. In 2016, an entrepreneur, a neuroscientist and a doctor founded the start-up Ada Health in Berlin-Kreuzberg with the aim of harnessing artificial intelligence for the early diagnosis of diseases by patients themselves. As a pioneer in the field of digital health, Ada Health developed a medical platform and an app, which is now available in seven languages, that helps people quickly and easily make an initial medical diagnosis based on their symptoms - and has already done so millions of times. Together with other investors, Bertelsmann Investments (BI) is now taking a stake in the successful company. In an extension of the financing round B, which had already brought Ada Health 90 million US dollars in May 2021, BI and the investors Farallon Capital, Red River West are together providing a further 30 million US dollars for the expansion of the business. Ada Health is thus one of the first investments by Bertelsmann Investments in the digital health sector.

We're excited to report an important positive development in the Hoosier state. Earlier this week, in response to a Complaint we filed with our TruST partner association NetChoice, the Indiana Department of Revenue acknowledged that it has no authority under current law to enforce its new “economic presence” nexus statute (House Enrolled Act 1129). This litigation challenging the law’s constitutionality is now pending in state Superior Court in Indianapolis. Under the new law, which went into effect on July 1, 2017, retailers with more than $100,000 in Indiana sales or 200 transactions annually with Indiana customers would be required to collect and remit Indiana sales tax. Before the law took effect, in late June Brann & Isaacson filed suit on our behalf alleging that the statute violates the long-standing physical presence “substantial nexus” requirement for state sales taxes under Quill Corp. v. North Dakota. Click Read More below for additional detail.