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Fidget spinners and squishies: some Toys 'R' Us toymakers cut ties
This summer, toy supplier Product Launchers delivered 100,000 specially ordered DC Comics fidget spinners to Toys 'R' Us, unaware that the biggest US toy store chain was in financial trouble. Its claim tops $1 million but the amount is well below the $2.5 million to $135 million listed as Toys 'R' Us' 50 largest claims. Toy 'R' Us declined to comment on specifics about its relationship with Product Launchers or its other vendors.
Lufthansa seen offering to pay 200 million euros for Air Berlin assets: source
A Lufthansa (LHAG.DE) bid price of 200 million euros ($239 million) to buy assets from insolvent Air Berlin (AB1.DE) plus 100 million euros to meet operating costs is roughly correct, a source familiar with the talks said on Sunday. After it filed for insolvency last month the Berlin government granted Air Berlin a 150-million-euro bridging loan to keep the airline flying for three months.
Trump's Comments on N.F.L. and Stephen Curry Draw Intense Reaction
The debate over any visit proved irrelevant, however, when Mr Trump weighed in on the subject with a tweet on Saturday. While Mr Curry has yet to respond, his teammate, the outspoken Draymond Green, unsurprisingly weighed in. Sign Up You agree to receive occasional updates and special offers for The New York Times's products and services. No stranger to controversy involving Mr Trump, Jemele Hill, the ESPN host, also supported Mr Curry.
A private solution for China's zombie company problem? Unlikely
A limited role for private capital would raise questions about the depth of any overhaul of the SOEs. They said it could also be critical to others in line for so-called mixed ownership, the injection of private capital into state enterprises. They retain an edge over their private rivals in investing both locally and overseas, in part thanks to easier financing.
NAFTA talks intensify; U.S. seen putting off key demand on autos
We're not expecting that, no, Steve Verheul told reporters, predicting the pace of the talks would nonetheless quicken. According to a schedule of the talks obtained by Reuters, rules of origin will be discussed on Tuesday and Wednesday. US President Donald Trump wants more US content in autos, citing trade deficits of $64 billion with Mexico and $11 billion with Canada. Trump, who says NAFTA is weighted against his country, has threatened to walk away from the agreement.
One Surprise Standout for Uber: Food Delivery
There is also the threat of Amazon, which has tried food delivery in a few markets. Uber has built a great company focused on black car service and human transportation, but succeeding in food delivery is a different game, Mr Maloney said in a statement. Uber first dabbled in food delivery in Los Angeles in 2014 under the name UberFresh, offering prepackaged lunches and dinners from restaurants. For one, Uber has a network of more than two million drivers who can also deliver food.
Push for Gender Equality in Tech? Some Men Say It's Gone Too Far
While many in the tech industry had previously dismissed the fringe men's rights arguments, some investors, executives and engineers are now listening. Few were willing to talk openly about their thinking, for fear of standing out in largely progressive Silicon Valley. Some in tech have started identifying as contrarians, to indicate subtly that they do not follow the diversity dogma. In the aftermath, many stood up for gender equality in tech.
As Equifax Amassed Ever More Data, Safety Was a Sales Pitch
This strategy means that Equifax is entrenched in consumers' financial lives whether they like it or not - or even know it. The Big Three credit bureaus, Equifax, Experian and TransUnion, collect 4.5 billion pieces of data each month to feed into their credit reports. The data, over which Equifax and the other bureaus have a stranglehold, is one of the best predictors of risk. Equifax said it was supporting customers who may have been affected by the data breach.
Uber, reviving old tactic, is backed by more than 500,000 in London row
By 1400 GMT on Saturday, nearly 540,000 people had signed although it was not clear how many of them were in London. Uber counted 3.5 million active users in London in the past three months. Khan, a leading figure in Britain's opposition Labour Party, said on Saturday he had sympathy with Uber drivers and customers. As mayor, Khan is chairman of Transport for London, the regulator which stripped Uber of its license.
Nafta Negotiators Wading Into Tougher Territory in Third Round of Trade Talks
The Trump administration's report is expected to dominate Nafta discussions over so-called rules of origin. For the administration, the ultimate goal of these policies is spurring American manufacturing and reducing the trade deficit. ' Canadian and Mexican negotiators have said that they would be opposed to any United States-specific content requirement. Given that the same negotiators are hashing out the same points, the countries are so far basically in agreement, Mr Poire said.
A go-to agent in a lucrative industry that depends on global connections speaks up about allegations that it earned millions through graft.
They say that they had an advisory division, but that work relied on cultivated relationships and hard-won knowledge, not graft. The hard drive itself, which was sent to The Age by an unidentified source, is shrouded in intrigue. Lawyers for the Ahsanis say it was used in an extortion attempt in the months before the raid. 'A Toxic Brand' A soft-spoken 43-year-old with courtly manners and an Oxford education, Saman Ahsani is the family diplomat.
The Not-So-Glossy Future of Magazines
Sentimentality is probably the biggest enemy for the magazine business, David Carey, the president of Hearst Magazines, said in an interview. Its magazines, which focus largely on perennial topics like decorating and recipes, remain popular with the company's mostly female readers. Johnson Publishing, which is based in Chicago, sold the magazines Ebony and Jet last summer to a private equity firm. In the past, magazines could support celebrity editors, but it's becoming harder and harder with the revenue declines to do that, he said.
E.ON CFO defends plan to sell Uniper stake to Fortum: BoeZ
DE) has good reason to try and sell its remaining stake in Uniper, the mainly fossil-fuels based power stations and trading business it spun off last year, to Finland's Fortum (FORTUM.HE), its chief financial officer Marc Spieker said in an interview with Boersenzeitung (BoeZ). Fortum has spoken positively about Uniper and its management and declared its intention to be a strategic, constructive investor, he added. Analysts have said Uniper fears it could be broken up by Fortum, which focuses on carbon-free power.
Half a million sign petition supporting Uber in London
Uber immediately emailed users in London and urged them to sign a petition that said the city authorities had caved in to a small number of people who want to restrict consumer choice. It counted 3.5 million active users in London in the past three months. As mayor, Khan is chairman of Transport for London, the regulator which stripped Uber of its license. Whether Uber continues such tactics - for instance, seeking action from Britain's parliament to supersede London authorities - is unclear.
How to Survive the Apocalypse
My preferred form of precious metal post-financial collapse, that is, besides high-speed lead, wrote one prepper on SurvivalistBoards.com. For $100, let's say you get five silver coins, said an urban preparedness expert who goes by the nom de guerre Selco. Imagine a true economic apocalypse, one that makes the German hyperinflation of the 1920s, with its wheelbarrows of near-worthless paper currency, look like a hiccup. In the event of apocalypse, bring condoms.
Britain's minister for London slams 'blanket ban' on Uber
The British capital's transport regulator deemed Uber unfit to run a tax service and said its licence would not be renewed when it expires on Sept. He said Uber had to address safety concerns and it was important that there was a level playing field across the private hire market. Blanket ban will cause massive inconvenience to millions of Londoners, showing that the mayor is closed to business & innovation, Hands tweeted.
Disney Plays Hardball in Cable Talks With Altice
In a statement of its own, Disney took issue with Altice's characterization of its pricing requests - particularly regarding ABC - and painted the cable distributor as greedy. The Walt Disney Company and Altice, which is owned by a European conglomerate, have been negotiating for months with little progress. Disney is seeking price increases that amount to hundreds of millions of dollars, analysts say.
Wells Fargo hires new law firm to prepare CEO for Senate appearance
Wells Fargo spokeswoman Jennifer Dunn declined to comment. The testimony will be Sloan's first congressional appearance since he took over as CEO in October of last year, roughly a month after Wells Fargo reached a settlement with regulators over the creation of as many as 2.1 million unauthorized accounts. In his own congressional appearances last year, Sloan's predecessor, John Stumpf, often lacked answers to questions posed by legislators. He left the bank less than a month later and was replaced by Sloan.
Take Five: World markets themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. Wall Street and world stocks have climbed to record high after record high, chalking up the longest streak of quarterly gains in two decades. By some measures, the last few days have been the calmest in US stock market history.
Shorting volatility: Rising risks mean itchier trigger fingers
US equity market volatility - the daily fluctuations in stock prices - has hovered near record lows for much of this year. VIX, a gauge of the degree to which investors expect share prices to fluctuate, has averaged 11.4 this year. We are still shorting volatility but we have an itchier trigger finger. Managers of these leveraged and inverse products are required to buy volatility futures as they go up and sell when they decline.

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