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Toys ‘R’ Us Files to Wind Down Its U.S. Business

Toys ‘R’ Us Files to Wind Down Its U.S. Business

Toys “R” Us filed a motion seeking bankruptcy court approval to start a wind-down of its domestic business and liquidation of inventory in all its 735 U.S. stores.

Published 3 months ago

IHeartMedia Files for Bankruptcy, Reaches Restructuring Agreement in Principle

IHeartMedia Files for Bankruptcy, Reaches Restructuring Agreement in Principle

The company behind the biggest U.S. radio broadcaster filed for chapter 11 after reaching an agreement in principle with investors over a balance-sheet restructuring, a decade after a private-equity-led buyout left it with billions in debt.

Published 3 months ago

How Jamie Dimon came to rue his Bear Stearns deal

How Jamie Dimon came to rue his Bear Stearns deal

It looked like a steal 10 years ago, but JPMorgan’s $2-a-share takeover quickly soured

Published 1 second ago

US eyes Fed official for top global regulatory post

US eyes Fed official for top global regulatory post

Financial Stability Board would see significant change of gear under Randal Quarles

Published 1 second ago

China faces uphill climb to meet Trump’s $100bn trade demand

China faces uphill climb to meet Trump’s $100bn trade demand

Policymakers could resort to cosmetic changes such as shifting iPhone assembly

Published 1 second ago

Saudi Arabia beefs up domestic defence industry plans

Saudi Arabia beefs up domestic defence industry plans

Move is part of drive to diversify away from its dependence on oil oil revenues

Published 1 second ago

Russian election: Meet Vladimir Putin’s new technocrats

Russian election: Meet Vladimir Putin’s new technocrats

The president has been promoting young officials to prepare them — and the country — for an eventual transition

Published 1 second ago

Meet the Brexit negotiators: David Davis and Michel Barnier

Meet the Brexit negotiators: David Davis and Michel Barnier

The men in charge of Britain leaving the EU are divided by culture, politics and personality, but united on one thing — they need to finish the job

Published 1 second ago

Spin city: hunting rare vinyl is the route to the real Tokyo

Spin city: hunting rare vinyl is the route to the real Tokyo

For FT journalist Christopher Grimes, the record store is the first place he heads to in unfamiliar cities

Published 1 second ago

Airbus warns Melrose on potential takeover of GKN

Airbus warns Melrose on potential takeover of GKN

Aircraft maker says ‘practically impossible’ to award new work if deal succeeds

Published 1 second ago

Noble warns investors over new rescue plan

Noble warns investors over new rescue plan

Commodity trader says it will file for administration if debt overhaul is rejected

Published 1 second ago

Top Trump Company Lawyer Worked to Silence Stormy Daniels

Top Trump Company Lawyer Worked to Silence Stormy Daniels

An assistant general counsel at the president’s flagship holding company intervened in arbitration proceeding in California to enforce a nondisclosure deal with former porn star who claimed she had an affair with Mr. Trump.

Published 3 months ago

Japan wage increases fall short of Abe’s 3% target

Japan wage increases fall short of Abe’s 3% target

Pay deals higher than last year but offer only modest boost to BoJ’s push to raise inflation

Published 1 second ago

Rollback of Crisis-Era Banking Rules Clears Senate

Rollback of Crisis-Era Banking Rules Clears Senate

Congress moved a step closer to relaxing the wave of crisis-era restrictions placed on the banking industry on Wednesday, with Senate approval of a bipartisan plan to ease rules for small and midsize banks.

Published 3 months ago