Global retailer Toys"R"Us, a fixture in post-war America's booming toys market, said it has filed for Chapter 11 bankruptcy protection, strangled by heavy debt and a tough environment for bricks and mortar stores.
The chain, founded in 1948 and "the world's leading dedicated toy and baby products retailer", sells in the United States and 38 other countries and jurisdictions, withRead more
The Egyptian cinema provided a number of stars who influenced the artistic life with their immortal works, but they died penniless. Those stars include the great actor Ismael Yassin, who was one of the richest Egyptians. In the sixties, tax authority confiscated his money to became bankrupt and went to Syria. In Syria, he earned a lot of money andRead more
Toshiba's troubled US nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, as its Japanese parent seeks to limit losses that have plunged it into crisis.
A bankruptcy filing will allow Pittsburgh-based Westinghouse, whose nuclear plant projects have been dogged by delays and cost overruns, to renegotiate or break its construction contracts, although the utilities that ownRead more