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NEW YORK— Toys' R' Us, the big box toy retailer struggling with $5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season— and says its stores will remain open for business as usual. Filing for bankruptcy protection "will provide us with greater financial flexibility to invest in our business... and...
PONCE, Puerto Rico, Sept 18- Hurricane Maria, the second Category 5 storm to hit the Caribbean this month, plowed into the small island nation of Dominica on Monday with roof-ripping fury on a collision course with the U.S. Virgin Islands and Puerto Rico later this week. Less than 90 minutes later, the center of the storm, described by the NHC as "potentially...
WASHINGTON/ NEW YORK, Sept 18- New York Governor Andrew Cuomo said on Monday that he wants credit-reporting firms to comply with the state's cyber-security regulations, the latest government official to crack down on the industry in the wake of the massive Equifax hack. Equifax's legal woes worsened as the U.S Attorney's office in Atlanta issued a statement...
PONCE, Puerto Rico, Sept 18- The fourth major Atlantic hurricane of the year plowed into the small Caribbean island of Dominica on Monday as a rare, Category 5 storm and will likely bring its roof-ripping winds, torrential rain and pounding surf later in the week to the U.S. Virgin Islands and Puerto Rico. Less than 90 minutes later, the center of the storm, described by...
PONCE, Puerto Rico, Sept 18- The fourth major Atlantic hurricane of the year, Maria, strengthened into a rare Category 5 storm, as it churned through the eastern Caribbean, bearing down on the tiny island nation of Dominica while on a likely collision course with the U.S. Virgin Islands and Puerto Rico. The center of the storm, described by the NHC as "potentially...
BRIDGETOWN, Barbados, Sept 18- The fourth major Atlantic hurricane of the year, Maria, gathered strength on Monday as it churned through the eastern Caribbean, bearing down on the tiny island nation of Dominica while on a likely collision course with the U.S. territory of Puerto Rico. The center of the storm located about 45 miles east-southeast of Dominica as of 5...
BRIDGETOWN, Barbados, Sept 18- A rapidly strengthening Hurricane Maria barreled towards the eastern Caribbean islands with 125 mile-per-hour winds on Monday, threatening the region with its second major storm this month. Officials from French-controlled Martinique to the U.S. Virgin Islands warned residents to prepare for the storm, now ranked by U.S....
BRIDGETOWN, Barbados, Sept 18- A string of eastern Caribbean islands faced their second major storm of the month on Monday as Hurricane Maria barreled toward them with 120 mile-per-hour winds, heavy rains and dangerous storm surges. Officials on islands from French-controlled Martinique to the U.S. Virgin Islands warned residents to prepare for the storm,...
Andrew Cuomo on Monday proposed tougher state regulations for credit reporting agencies such as Equifax in the wake of the massive hacking of the Atlanta- based company's computers. The proposal, first reported Monday by The New York Times, would require Equifax, Experian and similar firms to adhere to the same consumer protection rules the state imposes on...
Santee Cooper CEO Lonnie Carter questioned whether it makes sense to sell parts off for a portion of what they're worth, to reduce debt now, only to have to buy them at full cost later. The state-owned utility and private South Carolina Electric& Gas abandoned construction of two new reactors at V.C. Summer Nuclear Station on July 31 after jointly spending nearly...
Based on the number of individuals each customer represents, that, however, still leaves about 3.2 million people sweltering in the Florida and Georgia heat without air conditioning. NextEra Energy Inc's FPL, which serves nearly 5 million homes and businesses, has said it expects to restore power to essentially all customers in the eastern portion of Florida...
Oracle Corp., down $4.05 to $48.74. Nucor Corp., down 46 cents to $53.50. Fiesta Restaurant Group Inc., up $1.20 to $18.15.
Based on the number of individuals each customer represents, that, however, still leaves about 3.5 million people sweltering in the Florida and Georgia heat without air conditioning. NextEra Energy Inc's FPL, which serves nearly 5 million homes and businesses, said it expects to restore power to essentially all customers in the eastern portion of Florida by...
ATLANTA— The city of Atlanta tested a self-driving vehicle on one of its busiest streets Thursday. The test on North Avenue in the city's bustling Midtown area meant that Atlanta has become one of the largest urban areas to test autonomous vehicles, joining Sao Paulo and Shanghai. While driving an Associated Press reporter, the driver made minimal human...
The demand for lumber, generators, cleaning supplies and appliances for households and home improvement retailers such as Lowe's and Home Depot in Florida, Georgia, Alabama and the Carolinas as a result of damages from Hurricane Irma will fill trailers and containers not already claimed by shipments for the holiday shopping season. This magnified it, "XPO...
Sept 14- Hurricane Harvey, which tore through Corpus Christi in southern Texas on Aug. 25 and drenched the Houston area with historic rains, killed over 60 people and displaced more than 1 million people. Harvey was the most powerful storm to hit Texas in more than 50 years, causing some $180 billion in damage. Irma caused about $25 billion in insured losses,...
WASHINGTON, Sept 14- SunTrust Banks Inc has agreed to pay more than $1.1 million to settle U.S. charges that its investment subsidiary had improperly collected avoidable fees from clients, the U.S. Securities and Exchange Commission said on Thursday.
Initial claims for state unemployment benefits declined 14,000 to a seasonally adjusted 284,000 for the week ended Sept. 9, the Labor Department said on Thursday. A Labor Department official said hurricanes Harvey and Irma had impacted on last week's claims data. As a result, the Labor Department estimated claims for Florida, Georgia, South Carolina and Virgin...
U.S. homebuilder Lennar said it expects hundreds of home deliveries in Florida, Georgia, and South Carolina to be delayed due to Hurricane Irma.
MUMBAI, Sept 14- The world's top cotton buyers, all in Asia, are flocking to India to secure supplies after fierce storms in the United States, the biggest exporter of the fibre, affected the size and quality of the crop, dealers said. In the past week alone, India, the world's second-biggest cotton exporter, sealed deals to sell about a million bales to China, Taiwan,...
