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Toys 'R' Us seeks bankruptcy to survive retail upheaval

Toys 'R' Us Inc, the largest U.S. toy store chain, which filed for bankruptcy late Monday, will ask a judge on Tuesday for permission to borrow money so that it can start paying suppliers to ensure it has Lego building blocks and Barbie dolls for the holiday season. | Video

Recent Business News

Massachusetts sues Equifax as hack concerns spread to Canada

Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax Inc following a breach that exposed the personal data of up to 143 million people, including 3 million in the state.

Tech, Cybersecurity 2:00pm EDT

Fiat Chrysler recalls 494,000 pickup trucks for fire risk

WASHINGTON Fiat Chrysler Automobiles NV said Tuesday it will recall 494,000 medium and heavy-duty Ram pickup trucks worldwide because of a water pump that could overheat and potentially cause a fire.

1:05pm EDT

Tesla shares fall from record high after warning from analyst

SAN FRANCISCO Shares of Tesla fell from record highs on Tuesday after an analyst warned that the electric car maker may take longer than expected to become profitable.

1:47pm EDT

Exclusive: Toshiba flips back towards Western Digital group for chip unit sale - sources

TOKYO Toshiba Corp is shifting back toward selling its prized semiconductor unit to a group backed by joint venture partner Western Digital Corp , people familiar with the deal said.

Tech, Deals 2:09pm EDT

Volvo Cars plans U.S. plant expansion, doubling investment: source

STOCKHOLM Volvo Cars is doubling investment in its first U.S. plant under construction to add a second production line at a total cost of $1 billion, a source with knowledge of the plans said, as the carmaker heads for a fourth straight year of record sales.

8:54am EDT


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