Google's services have been blocked in China for several years, but the company still has businesses there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Stocks in Asia traded lower on Thursday morning. Australia's jobs data showed the net number of jobs created was far below expectations.Asia Marketsread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and...World Economyread more
The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
See which stocks are posting big moves after the bell on July 17.Market Insiderread more
"It's clearly doing more harm than good," the "Mad Money" host says. Instead Facebook should buy Square for $70 billion and expand the payments network worldwide.Mad Money with Jim Cramerread more
Toys 'R' Us is working to put together a loan to fund its operations in a potential bankruptcy filing that could come before the holiday sales season, according to people familiar with the matter.
The toy merchant's move underscores the deep distress rippling through retailers of all sizes as consumers increasingly shop online at sellers such as Amazon.com Inc. or go to discounters such as Wal-Mart Stores Inc.
A spokeswoman for Toys 'R' Us did not immediately respond to a request for comment. The people could not be identified because the bankruptcy plans are not yet public.
The Wall Street Journal earlier reported that the company was considering filing for Chapter 11 protection in U.S. Bankruptcy Court in Richmond, Virginia.
There have been more than a dozen significant retail bankruptcies this year, but none for retailers as big as Toys 'R' Us, which has about $5 billion in debt and more than 1,600 stores worldwide.
A loan of several hundred million dollars as part of any possible bankruptcy filing would reassure the chain's vendors it could pay them for the loads of stuffed animals, action figures and dolls it needs to stock its shelves for the holiday season, the people said.
Part of the retailer's current financial woes stem from vendors demanding tighter repayment terms over fears that Toys 'R' Us may file for bankruptcy, the people added. The tighter terms have added to the Wayne, New Jersey-based company's cash crunch, they said.
Toys 'R' Us tapped restructuring attorneys from Kirkland & Ellis LLP, CNBC reported this month.
The retailer had already said it was working with an investment bank to assess options for about $400 million in debt that comes due next year.
Buyout firms KKR & Co. LP and Bain Capital LP, together with real estate investment trust Vornado Realty Trust, took Toys 'R' Us private for $6.6 billion in 2005. The deal saddled the company with debt, limiting its ability to revamp its stores and make online shopping easier.
Toys 'R' Us opened a store in New York City's Times Square this year to capture more holiday shoppers.