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Claire's has filed for bankruptcy. The hub for ear piercings at malls across America is the latest retailer to succumb to its massive pile of debt.Claire's, which says it has pierced more than 100 million ears around the world, reached a restructuring agreement with its creditors. In a Chapter 11 bankruptcy filing on Monday, Claire's said it will reduce its by debt .9 billion. It held .1 billion in debt at the end of 2017.The company will continue to operate its approximately 1,600 Claire's and Icing brand stores in the United States during the bankruptcy process and expects to complete it by September. International stores are not part of the restructuring agreement."This transaction substantially reduces the debt on our balance sheet," Claire's CEO Ron Marshall said in a statement. "We will complete this process as a healthier, more profitable company." Marshall came from now-defunct bookstore chain Borders. Claire's struggles stem from a deal it struck more than a decade ago that left it burdened with debt.In 2007, Apollo Management, a private equity firm, bought Claire's for .1 billion and took the company private in what's known as a leveraged buyout.Claire's could never escape its debt load. As traffic slowed to its brick-and-mortar stores, shoppers moved to digital channels and fast fashion chains such as H&M, Zara and Forever 21 chipped away at sales.Claire's joins a long line of retailers that have filed for bankruptcy in recent years, including Toys "R" Us, Payless Shoes, Gymboree, Rue21, The Limited and RadioShack.Toys "R" Us, another company left deep in debt from a leveraged buyout, said last week that it was liquidating its 735 stores in the United States.Claire's believes a lighter balance sheet will help it avoid Toys "R" Us' fate and still remain a "Girl's Best Friend." And the company says its business is Amazon-proof because you can't pierce your ears online.The-CNN-Wire 1940

CLAYTON, Mo. (AP) — St. Louis County’s top prosecutor announced Thursday afternoon he reached the same conclusion recently that the Department of Justice did years ago, that there is not enough evidence to charge a former officer in the fatal shooting of Michael Brown in Ferguson, Missouri. Prosecuting Attorney Wesley Bell's announcement could reopen old wounds amid a renewed and intense national conversation about racial injustice and the police treatment of minorities. Bell said his office's investigation did not exonerate the former officer, Darren Wilson. 574

CINCINNNATI, Ohio — Federal officials have arrested one of the alleged masterminds behind a moving company scam accused of ripping off more than 900 people across the country, including more than 100 in the Ohio, Indiana and Kentucky tri-state region.Now that Serghei Verlan is in the Butler County, Ohio jail, one of his alleged victims talked to WCPO television station in Cincinnati, saying the scam was very costly to her.“Anytime a mover asks you for money up front, run,” advised Jeanne Porter.Porter said she and her husband Mike ended paying more than ,400 after hiring Flagship Van Lines to move them from Ohio to Florida. She said they had to wait and wait and wait for their stuff to arrive.“It never came … We were sitting here in Florida with no furniture in our house for about three weeks,” Porter said. 828

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CORONADO, Calif. (KGTV) -- A 21-year-old sailor died after falling from the USS Nimitz Friday night. According to U.S. Naval Air Forces, the sailor fell from one of the ship’s aircraft elevators. The USS Nimitz was in port at Naval Air Station North Island. The 21-year-old suffered serious injuries from the fall and died Saturday morning, according to the Navy. The name of the sailor hasn’t been released at this time and the nature of the accident is under investigation. A sailor from USS Nimitz passed away early this morning from injuries sustained in an accident aboard ship last night. The sailor fell from one of the ship’s aircraft elevators in a down position. The accident is under investigation.— flynavy (@flynavy) September 28, 2019 757