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Toys R' Us and Babies R' Us close doors

Strategic Marks purchased the "Great American Toy Store" (KB brand) from Bain Capital in 2016. The chain, which was known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot, announce last week it would shutter all of its 740 USA locations.

Business

Dollar stumbles as Fed stands pat on three rate hikes for 2018

The 2.8% uptick in average weekly earnings in the three months to January suggests that wage growth is starting to pick up more substantially, to the benefit of consumers. The Fed announced it will raise the benchmark Fed funds rate to a range between 1.5% and 1.75%. "We're advising clients to buy now - interest rates are still historically low", Jones said, noting that potential buyer activity has been rising in the Chicago area recently with the arrival of spring.

Business

Package Going To Austin Explodes At Fed Ex Facility

A local news outlet reports all employees were evacuated. The package was on a conveyor belt when it detonated and there were about 75 workers inside the facility when the explosion occurred. However, officials said they do not believe the Schertz facility was not the target. What are we going to do? Austin police say they have now responded to more than 1,200 reports of suspicious packages in a little more than a week - without finding anything unsafe.

Business

United Airlines sends wrong dog to Japan

On Wednesday , the day Kennedy announced his planned legislation, thousands of students across the country took part in walkouts to protest gun violence . Some 13 animals also reportedly got injured on a United airline flight. Last year , 18 animals died while being transported on United - there were six cases on all other US carriers combined, according to the Department of Transportation.

Business

Amazon Prime Video statistics are uncovered for the first time

Amazon is notorious for revealing as little information as possible about its hugely popular Prime subscriber, the $99 annual membership that gives people access to free two-day shipping and a library of streaming video and music. At $107 million in overall costs, the service spent an estimated $830 per viewer to get each episode of the show up and running, compared with the mere $63 per-viewer outlay Amazon enjoyed with Castle's first season.

Business

IHeartMedia Files For Chapter 11 Bankruptcy

Over the past five years, the company has spent more on debt payments than it has earned. IHeartRadio operates some 850 radio stations nationwide, including Z100 in NY, seven stations in Albany, six in Binghamton, seven in Poughkeepsie, seven in Rochester, and five in Syracuse.

Business

Halep staves off Martic to enter semifinals

Was not easy at all. That's why I couldn't stay calm. "I stayed so many weeks off with injury and now coming back, so I was a little bit exhausted". "I like his play". A little bit exhausted I felt maybe because of the waiting. However, the first breakthrough came quickly in the fifth game as Kasatkina started to get aggressive and her fantastic controlled aggression display forced Stephens to make a couple of unforced errors which gifted her the first break.

Business

European Union presses Britain to 'face up to hard facts' on Brexit

The EU parliament approved a text that says Britain should, among other things, not be able to cherry-pick benefits of the EU market in any agreement on future relations, AP reports . "We stand with the United Kingdom in pursuit of justice in this case and are ready to offer support if necessary". Due to the sluggish process of exit negotiations, German companies increasingly expect a "hard" Brexit in which Britain leaves the single market and loses most of its now privileged access to the ...

Business

Microsoft to add new data centers in Europe and Middle East

The company will offer Microsoft Azure , Office 365 and Dynamics 365 from new datacentre locations, in addition to the options now available in Germany . Microsoft has a long history of collaboration with various companies which are reliable. The new cloud offering will provide enterprise-grade reliability, performance and business continuity, combined with data residency within Germany and connectivity to Microsoft's global public cloud network.

Business

After Facebook, Google moves to ban cryptocurrency ads

The search giant Google is also imposing a ban on ads for financial products including binary options , a risky contract with an all-or-nothing in reward. Cryptocurrencies have experienced a boost in consumer interest after digital assets like ethereum , bitcoin and others exploded in value over the past year.

Business

Air Canada computer glitch causing long lines across Canadian airports

According to flight-tracking website FlightAware.com, Air Canada was experiencing almost 170 total flight delays as of Monday afternoon. Air Canada said customers should expect "delays and some cancellations due to the outage". The company's representatives wrote on the social network Twitter, which is Air Canada "ran interference" in the work of contact centers and the web site and doing everything possible to as soon as possible to restore service.

Business

Oil prices stable after two-day decline, but rising US output drags

Hedge funds increased bets on falling West Texas Intermediate crude prices by the most this year, according to the U.S. Commodity Futures Trading Commission. Crude oil prices reached $65 on Monday after a drop in prices earlier in the year. Brent crude futures LCOc1 were at $64.65 per barrel, up just 1 cent.

Business

Free agent Richard Sherman to meet with San Francisco 49ers today

First, the tweet proves that Winston is very familiar with Richard Sherman . Sherman is also expected to undergo a physical and meet with team doctors to talk about the Achilles tendon he tore past year, NFL Network reported . Sherman expects to be ready for the regular season but could be limit in August for training camp and parts of the preseason. Asked by Tom Pelissero of the NFL Network on Friday what he wants out of a new team, Sherman said: "Looking for a great fit".

Business

Freezer malfunction leaves more than 2000 frozen eggs and embryos at risk

In a statement it said it did not yet know if any of the 2000 eggs and embryos could still be used. "We don't know the reasons why yet, but we do know that the temperature that was measured at a portion of the tank was higher than our acceptable limits", DePompei said.

Business

Twitter Verification: Company May Open Verification Up To Everyone

Twitter CEO Jack Dorsey said Friday he plans on exploring potential ways to make the process work without being accused of partiality, Fortune reported. What will verification mean in the future? Think about it: Who do you normally associate with blue check marks? Dorsey stated that he believes the decision to increase Twitter's character count from 140 characters to 280 has helped increase the health of conversations on the platform saying "I do think the more space we give people ...

Business

Goldman's Blankfein plans to step down by the end of the year

Lloyd Blankfein, the CEO of Goldman Sachs, one of Wall Street's most powerful banks, could step down from his post as soon as year-end, according to a published report. Goldman declined to comment on the Journal report. In 1982, he quit his job as a tax lawyer and joined Goldman's commodities arm as a gold salesman.

Business

For the USA, it's jobs, jobs, jobs! (Just don't mention wages)

Despite a lower-than-expected wage increase in February, many economists said longer term trends still point to higher wages. The unemployment rate was unchanged, at a 17-year low of 4.1 per cent, the fifth consecutive month at that level.

Business

Toys 'R' Us considers closing all of its USA stores

Toys R Us may soon liquidate its USA operations, sources told CNBC . Toys R Us failed to pull off the juggling act needed to balance a massive debt load while attempting to upgrade its out-of-date stores and improve its e-commerce offerings.

Business

Gattuso's new Milan are to be feared says former striker

The manager is a huge fan of Koscielny and wants to bring him to Spain, in case his player decides to join the north London outfit. And they sometimes went out of their way to return to the club after the end of their playing career... "A coach is judged over the long term". There was the 'growing resentment' towards under-performing high earners, the scapegoating of three particular players after defeat to Brighton, and a crisis meeting where tears were shed, answers were sought and ...

Business

Stormy Daniels is suing Donald Trump

However, the lawsuit claims that when he was running for office and multiple women were coming forward to share stories of their own alleged encounters with the then-Republican presidential candidate, Cohen intervened in an attempt to keep Clifford from coming forward as well.

Business

Conrad Sangma takes charge of Meghalaya as Chief Minister

Sangma is now is the Lok Sabha MP from the Tura parliamentary constituency in Meghalaya. He later became the youngest finance minister of Meghalaya, under a UDP- led government. Prior to starting his work in the chief minister's cabin, Sangma arranged for a small prayer meeting with all his cabinet colleagues, where he was accompanied by his mother Soradini K Sangma and a church elder, an official told PTI .

Business

Gov. Jerry Brown To Sessions And Trump: 'Mueller Is Closing In'

Late Tuesday, the US Justice Department (DOJ) sued California , upping the battle between The Trump Administration and state/local governments over the issue of providing sanctuaries from a crackdown on immigration enforcement. In comments last week, Ms. Schaaf said she had not publicized any information that endangered ICE officers. Brown speculated that Sessions' dig on California may be an attempt to ease an openly rocky relationship with the president, saying , "Maybe he's trying ...

Business

SpaceX to Launch Bus-Sized Satellite on Its 50th Falcon 9 Rocket

Following take-off, the satellite would be deployed just under 33 minutes later, after which the first stage of Falcon 9 would fall back to Earth. Communications satellites are often placed into geostationary orbits - approximately 37.5km from the surface of the Earth - and remain at a fixed position which satellite antennas can point at.

Business

Washington becomes the first state to pass net neutrality protections into law

The law, signed on Monday by Gov. Jay Inslee , a Democrat, is the most sweeping state action so far against new federal rules that strip away regulations on how high-speed internet providers handle digital data. Provisions of the law could be prosecuted under the state's Consumer Protection Act. "It's allowed the free flow of information and ideas in one of the greatest demonstrations of free speech in our history".

Business

Amazon looks to offer its own version of a checking account

The Wall Street Journal said any potential collaboration is " in its early stages and may not come to fruition". By offering its own checking-account product - or partnering with a bank to offer one - Amazon could minimize transaction fees on its platform.