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For years, Toys "R" Us was an American success story.Now the discount toy retailer is in its final chapter. The company filed for bankruptcy in September. On Wednesday, Toys "R" Us told employees that it would close or sell all its stores in the United States.It's an ignominious end for the company that was once the toy industry's powerhouse. In the second half of the 20th century, just after the Baby Boom, Toys "R" Us grew into a dominant retail chain thanks to its low prices and a knack for keeping the nation's hottest toys in stock."Toys 'R' Us, Big Kid on the Block, Won't Stop Growing," a Wall Street Journal headline blared in 1988.It all started in 1948, when Charles Lazarus, age 25, opened a baby furniture store called Children's Bargain Town in Washington, D.C. He knew Americans returning from World War II were starting families and needed somewhere to stock up on nursery decor.But before long, Lazarus discovered that the real money was not in cribs, but in toys.Toys break, or go out of fashion — which means parents need to go to the store more often, Toys "R" Us explains in its online company history.In 1957, Lazarus opened his first store stocked only with toys. It was modeled after a supermarket, with items stocked high on shelves and a wide assortment of choices. He named it Toys "R" Us — with a backwards "R" in the logo that was supposed to look it it was drawn by a kid.The mainstays of the iconic Toys "R" Us marketing campaigns emerged over the next two decade. Dr. G. Raffe, which had been used to advertise Children's Bargain Town, became "Geoffrey."In a Washington Post ad from 1970, an eager Geoffrey touted "super giraffic selections" inside "super giraffic stores!" Geoffrey made his first TV appearance in 1973. The "I don't want to grow up" jingle made its debut in the early 1980s.In the meantime, Toys "R" Us was booming.The company went public in 1978 after the bankruptcy of onetime parent Interstate Stores. It quickly became a Wall Street favorite. In 1980, the Los Angeles Times called Toys 'R' Us "one of the New York Stock Exchange's hottest stocks.""What we are is a supermarket for toys," Lazarus told the Washington Post in 1981. "We don't have a competitor in variety. There is none."The Washington Post story favorably compared Toys "R" Us to another American giant: McDonald's."Like McDonald's, with its regimented service and standardized burgers and fries, Toys 'R' Us has become an American institution," the article said.Toys 'R' Us was also known in the corporate world for its sophisticated use of computers."One thing that sets the Toys 'R' Us operation apart is that Mr. Lazarus knows precisely what his customers are buying," a 1985 Wall Street Journal article said. "Each product is tracked by computer, and that helps the chain spot hot-selling items weeks before most competitors do."Lazarus also kept his stores stocked with a variety of baby products, like diapers and formula, so shoppers would have a reason to shop year-round.Things started to go awry in the 1990s. In 1994, Lazarus stepped down as CEO. But the biggest change came when Walmart started offering lower prices on diapers, according to toy industry analyst Jim Silver.While Toys "R" Us remained a destination during the holidays, it lost regular shoppers during the rest of the year."That changed everything," Silver said.In 2001, Toys "R" Us opened a flagship store in Times Square, complete with a 60-foot Ferris wheel and a life-size Barbie dollhouse, in order to juice enthusiasm. But the costs were "astronomical," Silver said.On shaky ground, Toys "R" Us was taken private by a group of private equity firms in 2005. Bain Capital, Kohlberg Kravis Roberts & Co. and Vornado Realty Trust bought the company for .6 billion.Saddled with debt, the store was not able to pour enough money into necessary, innovative changes. By the time Amazon ruled the online shopping ecosystem, Toys "R" Us was lightyears behind — despite an early partnership with Amazon in 2000. The agreement to jointly sell toys online ultimately went sour and ended after a court fight."Walmart had a better online experience. Target had a better online experience," Silver said. "They lost online and they didn't adapt."In 2015, Toys "R" Us closed its Times Square mega-store. It was the beginning of the end.A dismal 2017 holiday season was the death knell. Toys "R" Us will run out of cash in the United States in May 2018, according to a recent bankruptcy filing."Everything is up for sale," Toys "R" Us CEO David Brandon told employees on a conference call earlier this week. 4609

Former Trump campaign chairman Paul Manafort on Monday gave up his effort to challenge special counsel Robert Mueller in civil court.Manafort has withdrawn his appeal of a judge's decision to throw out his civil lawsuit against Mueller, according to court filings."It is hereby stipulated and agreed by and between the parties that the (case) be voluntarily dismissed," the new filing said.Manafort filed the initial lawsuit in January against Mueller, the Justice Department and Deputy Attorney General Rod Rosenstein,?who appointed Mueller as special counsel. A federal judge?dismissed the case in April, saying that the civil proceedings were "not the appropriate vehicle" for Manafort to try to chip away at Mueller's authority.In her ruling, federal Judge Amy Berman Jackson told Manafort to pursue his grievances against Mueller during his criminal proceedings. Manafort then asked the federal appeals court in Washington, DC, to review her decision.The decision to drop the appeal comes one day before Manafort's criminal trial is scheduled to begin in Virginia federal court. Manafort is accused of financial crimes, including bank fraud and tax evasion, relating to his lobbying work for the government of Ukraine. He has pleaded not guilty to the charges. Jury selection begins Tuesday.The unsuccessful civil lawsuit sought, among other things, to prevent Mueller from bringing additional charges in the future, including potential charges relating to Manafort's work on the Trump campaign. Mueller is investigating Russian interference in the 2016 election, including potential coordination between the Trump campaign and Russia. President Donald Trump and Manafort have both said there was no collusion.Manafort has used similar arguments to challenge his indictments in Virginia and Washington. But federal judges overseeing both cases have upheld Mueller's authority to investigate and prosecute Manafort. One of the judges, T.S. Ellis, said prosecutors rightfully "followed the money paid by pro-Russian officials" to Manafort.Manafort is also charged in federal court in Washington with undisclosed foreign lobbying and money laundering. He pleaded not guilty to these allegations, and the case is scheduled to go to trial in mid-September.The judge overseeing that trial, Berman Jackson, revoked Manafort's bail last month and ordered him to await trial from a jail cell. He is appealing that decision, and that appeal was still active as of Monday afternoon. 2509

Four lions at the Barcelona Zoo tested positive for coronavirus, according to veterinary officials. This is the second report of large felines contracting the disease at a zoo.Barcelona Zoo in Spain says two staff members also tested positive for COVID-19 during the outbreak last month, in addition to four of their lions, according to the BBC: Zala, Nima, Run Run, who are all females, and one male, Kiumbe. A statement from the zoo said the animals had been showing upper respiratory symptoms, and were given a coronavirus test.“The Zoo has worked with international experts such as the Veterinary Service of the Bronx Zoo, the only one that has documented cases of Sars-CoV-2 infection in felines,” a statement from the zoo reads.In April, four tigers and three lions tested positive for COVID-19 at the Bronx Zoo."The lions were given veterinary care for their mild clinical condition - similar to a very mild flu condition - through anti-inflammatory treatment and close monitoring, and the animals responded well,” a statement from Barcelona Zoo reads.The zoo reports most symptoms have improved in the lions, other than some minor coughing and sneezing.An investigation is underway to determine how the lions became infected in Barcelona, according to the BBC they may have been in contact with an asymptomatic staff member. 1340

First the disaster, now the polemic.As hundreds of rescuers continued their search Wednesday for survivors of a bridge collapse in Italy that killed dozens of people the day before, questions were being asked about how such an accident could happen in a modern industrialized country, the eighth-biggest economy in the world.Fingers are being pointed and there are calls for heads to roll. And, as can be expected in Italy, political infighting is reaching a fever pitch.Photos: The Morandi Bridge collapse in Genoa, ItalyBuilt in the 1960s, the Morandi Bridge was a vital link of the A10 highway that connects northwest Italy to France, across the Polcevera river in central Genoa. It was one of the busiest bridges in the country, carrying freight and tourists to and from the port city. 797

FREMONT, Calif. (KGTV) -- Tesla has decided to temporarily shut down production of the Model 3 for the second time in 2018, according to BuzzFeed.Production of the Model 3 will be on pause for four to five days in a move employees told BuzzFeed came without warning.Employees of the company will be expected to take vacation days or stay home without pay.RELATED: Tesla Model 3 on display in San Diego showroom A spokesperson said the assembly line is on pause to improve automation.In late February, Tesla shut down the Model 3 line in a move the company said was meant to increase output. The company added in February that such pauses are common. RELATED: Tesla recalling more than 100,000 Model S sedansThe company has struggled to meet production goals in the last six months. Musk said that the company would manufacture 2,500 cars per week by the end of the first quarter of 2018 but was only making 2,000 per week by April 1.  962