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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

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.

12:58pm EDT

With new operating system, Apple revamps its money-making App Store

Apple Inc's newest operating system for iPhones and iPads introduces changes to its marketplace for third-party software to satisfy app developers and add new so-called augmented reality apps.

3:14am 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

Walgreens gets regulatory nod for slimmed-down Rite Aid deal

U.S. antitrust regulators have allowed a slimmed-down deal for drugstore chain Walgreens Boots Alliance Inc to buy about 42 percent of Rite Aid Corp's U.S. stores for $4.38 billion, Walgreens said on Tuesday.

11:36am EDT

Bayer says needs more time for Monsanto deal approval

MONHEIM, Germany German drugs and pesticides group Bayer said on Tuesday it was now likely to be early next year before it can complete its $66 billion deal to acquire U.S. group Monsanto , later than previously expected.

11:41am EDT

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