Toys R Us joins bankruptcy list as Amazon exerts influence
Business / Lifestyle / U.S. News

Toys R Us joins bankruptcy list as Amazon exerts influence

NEW YORK (AP) — In filing for bankruptcy, Toys R Us joins a list of dozens of store chains that have done so already this year as online leader Amazon increasingly exerts its influence over a huge part of the retailing world. The toy chain, hobbled by $5 billion in debt and more intense competition, … Continue reading

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American Apparel files for bankruptcy protection, again
Arts/Entertainment / Fashion

American Apparel files for bankruptcy protection, again

WASHINGTON (AP) — American Apparel is seeking bankruptcy protection for the second time in just over a year, unable to find its footing in a shifting retail landscape and after a contentious fight for control with company founder Dov Charney. Canada’s Gildan Activewear is buying the American Apparel brand, notorious for sexually provocative ad campaigns, … Continue reading

High court rules against Puerto Rico in debt case
International News / Latin America & the Caribbean / Politics

High court rules against Puerto Rico in debt case

WASHINGTON (AP) — Puerto Rico can’t use a local law to restructure the debt of its financially ailing public utilities as it tries to overcome a decade-long economic crisis, the Supreme Court ruled Monday. The 5-2 ruling said that federal bankruptcy law bars Puerto Rico from enacting its own law to restructure about $20 billion … Continue reading