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Aside from collaborating with debt holders and creditors to work on the debt, the other objectives of Toys "R" Us are to improve its customer service online and in physical stores and to fortify its place in the competition as more changes and challenges emerge in the global retail industry.
  • Apple's Iowa data center could make Siri better in the US

    Apple's Iowa data center could make Siri better in the US

    Markets

    Cook promised to invest $100 million to a newly created public improvement fund to be used for community development, including the revitalization of streets, libraries and parks. The decision was lauded by Iowa Governor Kim Reynolds, a Republican. "And as you look at the age demographics and the growth of Iowa, I think it's really hard to challenge the fact there are ancillary growth benefits from making an investment like this", he said.
  • Walmart Enables Voice Shopping With Google Partnership

    Walmart Enables Voice Shopping With Google Partnership

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    On top of that, starting today, shoppers through Google Express (on the app or web) will receive free delivery on orders, so long as the order is above the store's minimum purchase required. That prompted Walmart to integrate its "Easy Reorder" feature into Google Express. The Google partnership follows a number of technology investments Walmart has made recently: On Tuesday, the company announced a major blockchain collaboration with IBM and a number of other leading food ...
  • Taylor Swift ends intrigue, announces new album in November

    Taylor Swift ends intrigue, announces new album in November

    Markets

    Taylor's last album, 1989, was released in 2014, marking her current comeback as the longest break she has taken between albums in her entire career. Not a bad strategy for a woman known to bury references in her liner notes. See some of the best reactions to Swift's news below. The snake can be explained by the snake imagery Taylor has been using to promote the new album all week, imagery that fans think suggests at a darker tone.
  • Total to buy Maersk Oil for $5 billion

    Total to buy Maersk Oil for $5 billion

    Markets

    Total's share price was up 0.5 per cent at the time of writing in a modestly falling market. In other words, the deal will make the French oil company northwest Europe's second-largest offshore operator. For example, in January 2016, oil prices fell below $30 per barrel in the worldwide markets for the first time in 12 years, amid fears of a stall in China's growth.
  • Uber vows to comply with LTFRB regulations

    Uber vows to comply with LTFRB regulations

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    The Land Transportation Franchising and Regulatory Board (LTFRB), the Philippine transportation regulator, announced the suspension on Monday. "If there was a misunderstanding on our part relative to the LTFRB's intention with their prior order, then that was our mistake", Uber regional executive Michael Brown told reporters.
  • German federal statistics office reports slower growth rate in Q2

    German federal statistics office reports slower growth rate in Q2

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    The German economy grew by 0.6 percent in the second quarter, slightly slower than expected as exports cooled, official data showed Tuesday. The latest flash estimate published by the European Statistics Office, Eurostat , on Wednesday showed 0.6 percent growth also for the wider 28-nation European Union.
  • Sprint is popping after its first positive earnings report in three years

    Sprint is popping after its first positive earnings report in three years

    Markets

    Sprint shares closed down 2.9 percent to $7.98. Hence the aggressive promotions. Sprint lost 39,000 postpaid users and added 35,000 prepaid users. It gained prepaid customers compared with a loss the year before. Whether Sprint can negotiate a good deal in extended discussions remains to be seen. According to CNBC , Sprint said it cut its cost of services and selling, general and administrative expenses by about $370 million in the quarter and that it expects an additional $1.3 billion to ...
  • Eurozone Jobless Rate Lowest Since Feb 2009

    Eurozone Jobless Rate Lowest Since Feb 2009

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    In annualised terms, the euro zone economy expanded 2.3 percent in the second quarter after a 2.0 percent rise in the first three months of the year, Eurostat said. The euro zone may not be growth champion in the second quarter, after the US rebounded to an annualized 2.6 percent thanks to consumer spending and business equipment investment.
  • Bharat Arun appointed bowling coach of Indian cricket team

    Bharat Arun appointed bowling coach of Indian cricket team

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    Former Australian pacer Jason Gillespie has revealed that he "seriously considered" applying for the post of Team India head coach which has now been bagged by Ravi Shastri . If you look at the average age of that team a couple of years ago; obviously the players have matured from then on, it's been 24 months. "I think this support staff is very experienced", he said.
  • As paperwork goes missing, private student loan debts may be wiped away

    As paperwork goes missing, private student loan debts may be wiped away

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    At the center of the storm is one of the nation's largest owners of private student loans, the National Collegiate Student Loan Trusts . These numbers come from court filings . The loans were originally granted to students by banks, bundled and then sold to the trust. More than half of those with student debt would prefer monthly contributions towards their loan debt rather than health care benefits, and almost 48% would choose student loan assistance over a 401 (k).
  • China's economic growth remains stable at 6.9% in the second quarter

    China's economic growth remains stable at 6.9% in the second quarter

    Markets

    Despite an expected deceleration in the rate of growth, senior officials, nonetheless, have suggested in recent months that China could easily meet this year's GDP growth target of around 6.5 percent. "Both the economy and the currency should help to ease investors' fears that China is going to the source of a further growth and financial market fright, after the volatility such worries caused in August 2015 and early 2016".
  • India refused China offer of meditation

    India refused China offer of meditation

    Markets

    During a meeting with the opposition leaders on Friday, Singh said that the question of talks has not been ruled out. The English tabloid Global Times - functioning under the People's Daily - in a series of articles published since Sunday alleged that Indian troops had crossed into China's Doklam area in the name of helping Bhutan, claimed Indian leaders were using the incident to "appease" domestic and worldwide audiences and warned against using the "Dalai Lama card" amid the border ...
  • Gymboree is closing its Peninsula Town Center store

    Gymboree is closing its Peninsula Town Center store

    Markets

    The company has not announced exact closing dates for the stores. Other Gymboree stores closing in North Carolina are in Charlotte, Greenville, Hickory, Raleigh and Wilmington. A Gymboree outlet store in Tuscola and insane 8 stores in Lombard, North Riverside and Lincolnwood also are slated to close. It is the Gymboree at the West Park Mall in Cape Girardeau, Missouri.
  • Novak: rising oil output of other countries not to affect cuts agreement

    Novak: rising oil output of other countries not to affect cuts agreement

    Markets

    Monthly data compiled by Bloomberg show the two nations added 440,000 bpd of production in May and June as they resolved disruptions at oil fields. The arrangement is drawing ire from some fellow producers. The latest report from the Census Bureau pegs US exports at 1.02 million bpd in May, up 20,000 barrels per day from April. United States crude oil futures were yesterday up 0.7 per cent at $44.51 per barrel, while Brent crude futures rose 0.6 per cent to $47 per barrel.
  • Honda US confirms 17th worldwide Takata airbag-related death

    Honda US confirms 17th worldwide Takata airbag-related death

    Markets

    Honda said the vehicle was parked but the ignition switch was on, with the airbags activated. Takata Corp.is expanding its recall to include another 2.7 million air bag inflators in the United States that may be prone to rupturing, the National Highway Traffic Safety Administration (NHTSA) announced Tuesday.
  • Criminal complaint filed against man who assaulted Delta flight attendant

    Criminal complaint filed against man who assaulted Delta flight attendant

    Markets

    He went to the bathroom, asked a flight attendant a question and then "lunged toward the forward right exit door of the aircraft, grabbed the handle, and attempted to open it", the criminal complaint read . Police boarded the plane to arrest Hudek, who was handcuffed and rolled out in a wheelchair. "And so he turned the wheelchair over in the middle of the airport, screaming for people to help him, just being belligerent".