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Toys R Us files for Chapter 11 reorganization
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2017/09/20 12:14
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Toys R Us, the pioneering big box toy retailer, has announced it has filed for Chapter 11 bankruptcy protection while continuing with normal business operations.
A statement by the Wayne, New Jersey-based company late Monday says it voluntarily is seeking relief in U.S. Bankruptcy Court for the Eastern District of Virginia in Richmond - and that its Canadian subsidiary is seeking similar protection through a Canadian court.
Toys R Us says court-supervised proceedings will help restructure its outstanding debt and reorganize for long-term growth.
The company says separate operations outside the U.S. and Canada, including more than 250 licensed stores and a joint venture partnership in Asia, are not part of the filings.
It emphasizes that its approximately 1,600 locations will remain open, that it will continue to work with suppliers and sell merchandise. |
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Academic accused in Chicago killing due in California court
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2017/08/14 10:14
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A Northwestern University microbiologist suspected in the stabbing death of a 26-year-old Chicago man is due in a California courtroom.
Wyndham Lathem and Oxford University financial officer, Andrew Warren, were sought in a cross-country chase on first-degree murder charges in the death of Trenton James Cornell-Duranleau. His body was found July 27 in an apartment near downtown Chicago.
Lathem and Warren were fugitives for more than a week before separately turning themselves in to California authorities. They have yet to be charged.
The 42-year-old Lathem is being held without bail in Alameda County. His court appearance is Monday in the city of Pleasanton.
Attorney Barry Sheppard says he expects Lathem to waive extradition. He also urged the public to wait until all the facts are released before making judgments.
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Ronaldo tells judge he has 'never tried to avoid taxes'
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2017/08/03 10:11
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Cristiano Ronaldo told a Spanish judge Monday that he has "never tried to avoid taxes."
The Real Madrid forward, who is from Portugal, was questioned to determine whether he committed tax fraud worth almost 15 million euros ($17.5 million). Ronaldo spent more than 90 minutes answering the questions of investigating judge Monica Gomez.
According to a statement released by his public relations firm, the 32-year-old Ronaldo told the judge: "I have never hidden anything, and never tried to avoid taxes."
Judge Gomez took Ronaldo's testimony as part of an investigation to determine if there are grounds to charge him. The session at Pozuelo de Alarcon Court No. 1 on the outskirts of Madrid was closed to the public because it is part of an ongoing investigation.
In June, a state prosecutor accused Ronaldo of four counts of tax fraud from 2011-14 worth 14.7 million euros ($16.5 million). The prosecutor accused the Portugal forward of having used shell companies outside Spain to hide income made from image rights. The accusation does not involve his salary from Real Madrid. Ronaldo denies any wrongdoing.
"Spain's Tax Office knows all the details about my sources of income because we have reported them," Ronaldo told the judge, according to his statement. "I always file my tax returns because I think that we should all file and pay our taxes.
"Those who know me know that I tell my consultants that they must have everything in order and paid up to date because I don't want trouble."
Both before and after his court appearance, Ronaldo used an alternative entrance to avoid a large swarm of more than a hundred journalists from Spain and aboard gathered near the main door to the court. |
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4th Arkansas inmate executed in 8 days lurches on gurney
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2017/05/01 03:59
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Arkansas executed its fourth inmate in eight days Thursday night, wrapping up an accelerated schedule with a lethal injection that left the prisoner lurching and convulsing 20 times before he died.
Kenneth Williams, 38, was pronounced dead at 11:05 p.m., 13 minutes after the execution began at the Cummins Unit prison at Varner.
Arkansas had scheduled eight executions over an 11-day period before one of its lethal injection drugs expires on Sunday. That would have been the most in such a compressed period since the U.S. Supreme Court reinstated the death penalty in 1976, but courts issued stays for four of the inmates.
The four lethal injections that were carried out included Monday's first double execution in the United States since 2000.
"I extend my sincerest of apologies to the families I have senselessly wronged and deprived of their loved ones," Williams said in a final statement he read from the death chamber. "... I was more than wrong. The crimes I perpetrated against you all was senseless, extremely hurtful and inexcusable."
Williams also spoke in tongues, the unintelligible but language-like speech used in some religions. But his prayer faded off as the sedative midazolam took effect. His final words were, "The words that I speak will forever be, will forever ..." before he fell silent.
The inmate breathed heavily through his nose until just after three minutes into his execution, when his chest leaped forward in a series of what seemed like involuntary movements. His right hand never clenched and his face remained what one media witness called "serene."
After the jerking, Williams breathed through his mouth and moaned or groaned once — during a consciousness check — until falling still seven minutes into the lethal injection.
Williams was sentenced to death for killing a former deputy warden, Cecil Boren, after he escaped from prison in 1999. At the time of his escape in a 500-gallon barrel of hog slop, Williams was less than three weeks into a life term for the death of a college cheerleader.
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