Toys R Us To Sell Or Liquidate All U.S. Stores
Toys R Us is officially going out of business. Unable to get its finances in order through a months-long bankruptcy process, the retail chain has reached the end of the line.
Business
SEC Charges Theranos Founder Elizabeth Holmes With 'Elaborate, Years-Long Fraud'
Holmes and Theranos promised to revolutionize blood testing. The SEC says they raised $700 million by making "false statements about the company's technology, business, and financial performance."
On The West Coast, Ports Brace For Steel Tariffs
President Trump's new tariffs have ports and steel manufacturers in the West uneasy, as they rely on steel imports from the Pacific Rim.
Game Over For Toys R Us: Chain Going Out Of Business
Toys R Us plans to close or sell all U.S. stores. The chain has struggled through a bankruptcy process, facing heavy debt inherited from a 2005 buyout and intense competition from Walmart and Amazon.
Seth Rich's Parents Sue Fox News Over Baseless Story
Joel and Mary Rich accuse Fox, its reporter and a periodic commentator of "extreme and outrageous" conduct for the May 2017 story on their son's death. Fox retracted the story but did not apologize.
What Trade Organization?
The justification used by the Trump administration for its steel and aluminum tariffs is riskier for the global trading system than the tariffs themselves.
France's Finance Minister Sues Tech Giants Apple And Google
French Finance Minister Bruno Le Maire announced Wednesday a lawsuit against Apple and Google for what he claims are "abusive" practices against software developers. NPR's Sarah McCammon talks with Le Maire about the lawsuit and tension between European countries and American tech giants.
Trump To Name CNBC Commentator Larry Kudlow As Top Economic Adviser
Kudlow is a longtime free-markets conservative who supports most of the president's policies, but has also criticized some of his trade policies.
Google Follows Facebook In Banning Cryptocurrency Ads
The search giant also announced new restrictions on advertisements for other financial products. The ban on cryptocurrency-related ads follows a similar move by advertising competitor Facebook.
Women In Hospitality Come Together Over Shared Passion For Food Business
Part event-planning company, part online publication, D.C.-based Pineapple Collaborative is expanding to other cities, connecting women who work in the traditionally male-dominated food industry.