Toys R Us to Close Remaining U S Stores in Bankruptcy
Toys R Us seeks court approval to shut 735 U S and Puerto Rico stores after weak holiday sales. About 33 000 U S employees are notified of shutdown while 144 stores already began closing. Liquidation timeline not set, gifts cards valid 30 days, Canadian operations explored for revival.
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Stocks drift with mixed gains and losses in choppy session
U S stock market ended mostly lower after a midday rally faded as big tech nudged slight gains while smaller firms and chemicals lagged. Monsanto dropped after Bloomberg cited antitrust concerns over Bayer's bid, and Toys R Us shutdown lifted pressure on Mattel and Hasbro.
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Senate eases some post crisis bank rules in bipartisan vote
In a rare 67 to 31 vote the Senate eases rules for small and midsize banks and offers limited relief to larger banks. Critics warn the roll back risks another financial crisis while backers say it protects community banks and credit unions amid ongoing partisan tension. The measure, driven by Mike Crapo, faces uncertain House prospects where a broader deregulation bill sits.
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