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Two of the former owners of Toys "R" Us have agreed to pay million to help laid-off employees.Bain Capital and KKR, private equity firms that owned part of the toy retailer, set up a severance fund to pay former workers who lost their jobs when the company closed its stores.The third owner, real estate firm Vornado, did not join the fund, and did not immediately respond to request for comment.MORE: How the Toys 'R' Us closures massively impact?the U.S.Toys "R" Us filed for bankruptcy a year ago with plans to stay in business. But in March the company's creditors forced it to go out out of business, and the 31,000 remaining employees did not get severance payments.Some top executives at Toys "R" Us received bonuses as part of the bankruptcy process. The nation's bankruptcy laws place limits on the severance payments that can be made to laid-off employees, and they give priority to repaying creditors of the bankrupt companies.Had the employees been laid off before the bankruptcy, they would have been entitled to severance pay of up to one week of pay for every year of service.The million severance fund does not come from Toys "R" Us.The fund was set up following negotiations between the private equity firms and various public interest groups that organized the employees, including Organization United for Respect, Private Equity Stakeholder Project and Center for Popular Democracy."This Fund begins to ensure the hard-working people who spent their lives building Toys 'R' Us and making children happy are not left out in the cold," said Marilyn Muniz, a New York-based Toys "R" employee for nearly 20 years.The groups are seeking additional contributions to the fund from Vornado as well as two Toys "R" Us lenders, Solus and Angelo Gordon, which pushed the company to shutdown operations rather than stay in business. Solus did not respond to a request for comment and Angelo Gordon declined to comment.Tracy Forbes, a former employee who lost her job, told CNN Business that she had worked for the company for 31 years, making her way up to store manager of a Babies "R" Us store in Tempe, Arizona. At the time of the bankruptcy filing she figured she would get about seven months of severance if her store shut down. She said she was shocked when she learned the promised severance wouldn't be paid."It was very difficult," she said. "Here in Arizona, unemployment is only 0 a week. It's not even minimum wage. It was rough. I only got by with friends and family helping me out."After about four months she found a job as an assistant manager of a Home Goods store, which pays less than Babies "R" Us. She said she's kept in touch with the employees who used to work with her at Babies "R" Us."Just about everyone has found some kind of work, but it generally took three or four months," she said. "Some aren't earning as much. Some of the lower-level employees have actually found better paying jobs."The fund has hired attorney Kenneth Feinberg to come up with a formula to determine who gets how much money. Feinberg has made a career deciding distribution to victims of events, such as the terrorist attacks on September 11, 2001, and the BP Deepwater Horizon oil spill. He has proposed that payments go to workers who had been with the company at least a year and who made between ,000 and 0,000 in annual income."In order to maximize the impact of available funds, key eligibility requirements and payment parameters had to be instituted," said Feinberg. Payments are expected to start soon after December 15 and be completed by April.The million fund will not cover a full severance plan for the workers. The employee groups estimate that would take million.The proposed payment schedule provides at least 0 to anyone eligible for payments and as much as ,800 to the top earning employees -- those earning more than 0,000 a year who had been with the company for more than 25 years. Those earning more than 0,000 are not eligible to receive payments from the fund.A more typical employee, one who was earning ,000 a year with 10 years of service, would get ,400 under the plan, or about two-and-half weeks of pay.Former employees can go to www.trufinancialassistancefund.com to find out about how much they might get and to comment on the distribution formula. Depending on the comments, the formula might be adjusted before the payments start. 4424

Two people had to be rescued by West Palm Beach, Fla. firefighters after a dog attack Monday morning. West Palm Beach Fire Rescue said the incident occurred in the north end of the city.Fire officials said a man and a woman were in their second-story apartment when they were bitten by their own dog.Firefighters had to use a ladder to get the couple out of their apartment.No other details were immediately available. 441

Tribune Media found another buyer after its last merger was scuttled.Nexstar Media Group announced Monday it will buy Tribune's 42 television stations and cable network in an all-cash .1 billion deal. The merger will form the nation's largest TV station company. Tribune's stock (TRCO) is surging 10% in premarket trading.The acquisition comes four months after Sinclair Broadcast Group's attempted purchase of Tribune was terminated. The two companies are still embroiled in lawsuits over the failed merger, which came under intense scrutiny from government regulators and criticism from public watchdogs.The sheer size of Nexstar will massively enlarge the Texas-based media company. If approved, the combined company will own more than 200 TV stations and cover 39% of US households.Nexstar will now gain a foothold in major markets, including New York, Los Angeles and Chicago for the first time, plus a cable channel (WGN America) and a 31% stake in the Food Network.Nexstar CEO Perry Sook said in a release that the two companies has a "clear path to closing.""Nexstar has long viewed the acquisition of Tribune Media as a strategically, financially and operationally compelling opportunity that brings immediate value to shareholders of both companies," Sook said.The company acknowledged it will have to sell some local TV stations to get approved.The long wait for a buyer is good news for Tribune shareholders: The new deal is a 45% spike in value of its stock compared to its July 16, 2018 closing price when Federal Communications Commission Chair Ajit Pai called for a hearing over the Sinclair-Tribune deal. 1632

Two New York Police Department detectives took turns raping a handcuffed 18-year-old woman in the back seat of their police van in Coney Island last month, according to the Kings County District Attorney's office.Eddie Martins, 37, and Richard Hall, 33, of the Brooklyn South Narcotics unit, were arraigned Monday on a total of 50 charges, including first-degree rape, first-degree criminal sexual act and second-degree kidnapping, the district attorney's office said.Both detectives pleaded not guilty to all counts, according to the district attorney's office. Martins was released on 0,000 bail and Hall was released on 0,000 bail. Each could face up to 25 years in prison if convicted. They are currently suspended without pay, the NYPD said. 760

Twitter CEO Jack Dorsey knows the tech world has a problem. He's asking big questions like "How do we earn peoples' trust?""We realize that more and more people have fear of companies like ours," Dorsey said in an in-depth interview with CNN. He cited the "perceived power that companies like ours have over how they live and even think every single day."The following day, President Trump proved his point."Social Media is totally discriminating against Republican/Conservative voices. Speaking loudly and clearly for the Trump Administration, we won't let that happen," the president tweeted Saturday morning.Trump is tapping into a widely held belief on the right about biased tech companies. The claims have even become an issue on the campaign trail. "They are trying to silence us" is the new rallying cry.Companies like Facebook and Twitter say they understand the perception, but deny that their algorithms and employees discriminate against any particular political point of view."Are we doing something according to political ideology or viewpoints? We are not. Period," Dorsey said Friday. "We do not look at content with regards to political viewpoint or ideology. We look at behavior."But he knows some people do not believe him."I think we need to constantly show that we are not adding our own bias, which I fully admit is left, is more left-leaning," Dorsey said."We need to remove all bias from how we act and our policies and our enforcement and our tools," he added.In the interview, Dorsey kept coming back to the need for transparency, in much the same way that journalists talk about trying to explain news media processes to readers. Tech companies, he said, need to explain themselves too."I'll fully admit that I haven't done enough of that," he said. "I haven't done enough of, like, articulating my own personal objectives with this service and my own personal objectives in the world."Dorsey spoke candidly about the "fear" people feel about Silicon Valley.When asked "Do you feel as powerful as they think you are?" Dorsey said no, "but I do understand the sentiment. I do understand how actions by us could generate more fear, and I think the only way we can disarm that is by being a lot more open, explaining in a straightforward way why we make decisions, how we make decisions."His bottom line: "We need to be reflective of the service that we're trying to build."Trump, of course, is one of Twitter's highest-profile users. His Saturday morning tweets about censorship lined up closely with Tucker Carlson's Friday night segment titled "Coordinated censorship by big tech." Carlson cited the recent actions against far-right conspiracy theorist Alex Jones."Increasingly the people in charge use technology to silence criticism, mostly of them," Carlson said.To hear Carlson and other conservative commentators tell it, Twitter and its peers are quashing dissent on a daily basis.Trump tweeted that "they are closing down the opinions of many people on the RIGHT, while at the same time doing nothing to others."Trump did not mention Jones or Twitter specifically. But Jones has been in the news lately because CNN and other outlets have been highlighting how his social media posts violated the rules of Twitter and other sites.On Wednesday, Twitter placed some of Jones' accounts on a one-week time-out.Many observers have been skeptical about whether a temporary suspension will actually be effective against Jones.When asked about that in Friday's interview, Dorsey said "I don't know" if Jones will change his offensive behavior."We have evidence that shows that temporary suspensions, temporary lockouts will change behavior. It will change peoples' approach. I'm not na?ve enough to believe that it's going to change it for everyone, but it's worth a shot," he said.More importantly, he added, Twitter has to be "consistent with our enforcement.""We can't just keep changing" the rules "randomly, based on our viewpoints, because that just adds to the fear of companies like ours -- making these judgments, according to our own personal views of who we like and who we don't like -- and taking that out upon those people. Those viewpoints change over time," he said. "And that just feels random and it doesn't feel fair and it doesn't earn anyone's trust because you can't actually see what's behind it." 4353