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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

VALLEY CENTER, Calif. (KGTV) - Family members call a 12-year-old girl's survival after a small plane crash in Valley Center Sunday - a "miracle.""Racquel is always on our mind, and we are hopeful," said Roxana McInerny.A smiling photo of her niece Raquel Contreras was taken moments before her uncle Peter Bierle, a seasoned pilot, took her up in his single-engine, experimental aircraft, early Sunday evening. In the flight plan was a special flyover."She wanted to fly over her best friend's house and see if she could shout 'Happy Birthday!' and wish her a happy birthday," said McInerny. McInerny says about 30 minutes into the flight, they reached that friend's home along Palomar Vista Drive. Witnesses reported the plane circling the home and the sound of an engine sputtering, before the plane took a nose dive into the yard.Bierle, 57, died at the scene. Raquel was badly injured. Dozens of neighbors ran to the plane."She was stuck in some debris. They had to cut the seat belts away, I believe, to get her out of the plane," said McInerny.Raquel was rushed to the hospital with fractures to her skull, sternum and hand, also suffering internal bleeding, a brain bleed and spinal injuries. Raquel is now in stable condition in the ICU, conscious and will survive, but the long-term impact of her injuries remain unknown.Still, McInerny is beyond thankful."It's a miracle to think she has survived that's she's alive and recovering. We are forever grateful to those who helped her and who are helping her now," said McInerny.A Gofundme campaign has been set up to help the family with expenses. 1611

Victoria's Secret CEO Jan Singer has resigned amid a sales slump and competition from young companies challenging the brand's grip on the lingerie industry.The Wall Street Journal first reported Singer's departure last week. Victoria's Secret parent company L Brands (LB) made it official during its quarterly earnings release.John Mehas, now the president of Tory Burch, will take over as CEO of Victoria's Secret Lingerie early next year, the company said.Sales at Victoria's Secret stores that have been open for at least a year dropped 6% last quarter. Victoria's Secret has close to 1,000 stores in the United States, many of them tied to struggling malls.Last year, Victoria Secret's same-store sales in North America fell 8% in part because of the company's decision to stop selling swimwear and clothing."Our number one priority is improving performance at Victoria's Secret Lingerie and PINK," said Leslie Wexner, Chairman and CEO of L Brands. "We could not be more excited for [Mehas] to lead Victoria's Secret Lingerie to a new phase of success."Singer took over in 2016 after a stint at Spanx. She worked at Nike (NKE) for more than a decade.Victoria's Secret has been struggling to keep up with changing consumer tastes. Flashy fashion shows, push-up bras and celebrity models aren't drawing people in like they used to. Instead, women are clamoring for more products with a better fit.Online stores like ThirdLove, Lively and True & Co. are using tech and harnessing data to offer custom sizes and new products.Other parts of the L Brands business have been struggling. The company announced in September that it is closing Bendel's website and all 23 of its stores, including the store's iconic Fifth Avenue location in New York, in January 2019 because of sluggish sales.A change in Victoria's Secret leadership may not be enough to convince experts that L Brands is turning itself around."Jan was not the problem," Jefferies analyst Randal Konik wrote last week following rumors of Singer's exit. "The real problem is the VS brand is not resonating with consumers, its pricing power is gone, its market share is under permanent attack, and the business is over-stored." 2198

TULSA, Okla. - Archaeologists said during a press conference on Tuesday that they have encountered human remains on day two of the second test excavation as they search for victims of the 1921 Tulsa race massacre. Archaeologists said they do not know if the remains are from 1921 or not. I am very grateful to have the foremost experts in the country working to locate the remains of victims from the 1921 Tulsa Race Massacre. Today, our research team found an unmarked grave in an area previously identified through geophysical survey work. The next step will be to identify if the remains are associated with the Tulsa Race Massacre. This will be done through forensic analysis of the remains, and by comparing them with funeral home and death certificate records. We will continue to take this investigation one step at a time, wherever it may lead.Researchers said the investigation is expected to last one week but could extend into a second week, depending on the findings.The archaeologists are focusing on two areas in Oaklawn Cemetery this time around.The first site is adjacent to two 1921 race massacre headstones in the historically Black section of Potters Field; the second is a new dig site located on the Southwest section of the cemetery.In 2018, Mayor Bynum announced the City of Tulsa would re-examine potential graves from the 1921 Tulsa Race Massacre. That investigation began in 2020 with crews conducting their search along the western edge of the cemetery. Archaeologists conducted extensive test excavations and concluded with no evidence of human remains.However, the search could continue beyond Oaklawn Cemetery. Researchers said several areas are still candidates for possible mass grave sites related to the 1921 Tulsa race massacre. The Canes and Rolling Oaks Memorial Gardens could be next on the list of possible excavation sites.This story was originally published by Tatianna Taylor at KJRH. 1934

Trump lawyer and former New York City mayor Rudy Giuliani said late Sunday night that he is "feeling good" after a COVID-19 diagnosis."Thank you to all my friends and followers for all the prayers and kind wishes," Giuliani said. "I'm getting great care and feeling good. Recovering quickly and keeping up with everything."Giuliani's son, Andrew, also tweeted Sunday that his father was "feeling well.""My Dad @RudyGiuliani is resting, getting great care and feeling well. Thank you to all the friends who have reached out concerned about his well being," he tweeted.President Donald Trump broke the news of Giuliani's diagnosis on Sunday afternoon in a tweet. According to the Associated Press, Giuliani has been exhibiting symptoms and was admitted to Georgetown University Medical Center in Washington. 813

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