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Reports indicate that Toys R Us could be the next retailer to file for bankruptcy.The Wall Street Journal reports that the toy retailer could file for Chapter 11 bankruptcy in the next few weeks, just a few months out from the crucial holiday season.According to the Journal, the chain's suppliers are hesitant to ship new items before putting money down. The company is facing a debt of billion stemming from a leveraged buyout in 2005.Toys R Us has already received most of its holiday shipments, but could soon be prevented from receiving any additional toys before the shopping season begins.Toys R Us is just one of a number of retailers who have struggled as Americans have started doing more of their shopping online. Just this year, at least 18 major retailers have announced that they plan on closing a significant number of stores.Read the Wall Street Journal's report here.Alex Hider is a writer for the E.W. Scripps National Desk. Follow him on Twitter @alexhider.   1004

QUITO, Ecuador (AP) — Julio Mora slipped away from his parents to secretly marry Waldramina Quinteros one February day. Both families disapproved. But seventy-nine years later, they’re still together — he at 110 years of age, and she at 104. Both are lucid and in good health, though relatives say they’re a little depressed because they miss their big family get-togethers due to the pandemic. And they can gather quite a crowd: four surviving children, 11 grandchildren, 21 great-grandchildren and one great-great-grandchild.There are longer marriages, but at the moment none between people so old — just short of a combined 215 years. It's a mark now certified by Guinness World Records. The couple received a certification earlier this month. Previously listed as the oldest were an Austin, Texas, couple, Charlotte Henderson and John Henderson who have a combined age of 212 years and 52 days. 906

President Donald Trump says he has asked the SEC to study whether to stop requiring companies to report quarterly earnings.In speaking to business leaders, one told him a twice-a-year reporting system would allow companies the flexibility and cost savings companies need to "Make business (jobs) even better in the U.S." Trump tweeted Friday morning. Trump said he directed the SEC to look into a change in its requirements.Public companies must report their sales, profits and the state of the company's balance sheet every quarter. That has been required since the Securities Exchange Act of 1934, which was put in place to give more confidence and transparency to investors in the wake of the 1929 stock market crash. That act also created the SEC, which sets the regulations which govern those quarterly reports.Businesses have long complained that the reports require company executives to focus too much on the short term. Juicing numbers impresses investors, but it can force companies to miss out on long term trends. One of the reasons Tesla CEO Elon Musk wants to take his company private, he told his employees last week, was the way quarterly reports distort decisions at the company.President Barack Obama has also criticized quarterly reports.Speaking to the New York Review of Books in 2015, Obama said that he had talked to a large number of businesses executives who told him, "Because they've got quarterly reports to shareholders and if they've made a long-term investment that may pay off way down the line, or if they're paying their employees more now because they think it's going to help them retain high-quality employees, a lot of times they feel like they're going to get punished in the stock market. And so they don't do it, because the definition of being a successful business is narrowed to what your quarterly earnings reports are."Shareholders, however, use the quarterly earnings reports as a guide to the quality and health of their investments. Without quarterly financial reports, investors could be blind to important risk factors that could damage their portfolios.The president has run privately-held companies that didn't have to report results at all during most of his time in business,The European Commission, among others, only requires semi-annual financial reports of companies there, although major European companies whose stock is traded in both the United States and Europe will report on a quarterly basis in order to comply with SEC regulations.The-CNN-Wire 2519

President Donald Trump's former attorney and "fixer" Michael Cohen said he is "done being loyal" to his former boss and admitted that he knew what he was "doing was wrong" when he arranged payments during the 2016 election to silence women who claimed to have had affairs with Trump."I'm done with the lying," Cohen said in an interview with ABC News' George Stephanopoulos that aired Friday. "I'm done being loyal to President Trump. My first loyalty belongs to my wife, my daughter, my son and this country."Reiterating what he said in his guilty plea in August, Cohen told ABC News that Trump directed him to make the payments because Trump "was very concerned about how this would affect the election."Asked whether Trump knew it was wrong, Cohen replied, "Of course.""I knew what I was doing was wrong," Cohen said. "I stood up before the world (Wednesday) and I accepted the responsibility for my actions."Asked why he should be believed, Cohen replied, "Because the special counsel stated emphatically that the information that I gave to them is credible and helpful. There's a substantial amount of information that they possess that corroborates the fact that I am telling the truth."President Trump said in an interview with Fox News Thursday that he "never directed (Cohen) to do anything wrong.""I don't think there's anybody that believes that," Cohen told ABC News of Trump's denials. "First of all, nothing at the Trump organization was ever done unless it was run through Mr. Trump."The president's former fixer -- who once said he'd "take a bullet" for Trump -- told ABC he "gave loyalty to someone who truthfully does not deserve loyalty" and that he "should not be the only one taking responsibility for his actions.""So, (Trump's) still lying?" Stephanopoulos asked."Yes," Cohen responded.Cohen was sentenced to three years in prison Wednesday after pleading guilty to campaign finance violations, tax evasion, making a false statement to a bank, and making false statements to Congress.He had pleaded guilty in August in a Manhattan US attorney's case to two campaign-finance violations tied to payments he made or orchestrated to adult-film star Stormy Daniels and former Playboy model Karen McDougal to stay silent about alleged sexual encounters with Trump.Prosecutors have said that in executing the payments, Cohen "acted in coordination with and at the direction of" Trump, who has denied having the affairs with the two women.Cohen said Trump is a very different person than the man he used to work for."I think the pressure of the job is much more than what he thought it was going to be," Cohen said. "It's not like the Trump Organization where he would bark out orders, and people would blindly follow what he wanted done. There's a system here -- he doesn't understand the system." 2821

Reality TV star Khloe Kardashian revealed in a sneak peek of Thursday's episode of "Keeping Up With the Kardashians" she tested positive for COVID-19.On Wednesday, the reality show released a clip on its YouTube channel."Just found out I do have corona," Khloe said while she filmed herself sick in bed. "I have been in my room, it's going to be fine, but it was really bad for a couple of days."Kardashian described her symptoms, including vomiting, coughing, shaking, and hot and cold flashes."I suffer from migraines, but this was the craziest headache; I wouldn't say it was a migraine," Kardashian stated in a hoarse voice. "The coughing in my chest would burn, and my throat is still not fully recovered, clearly. Let me tell you, that s--- is real. But we're all going to get through this. Praying if we follow orders and listen, we're all going to be okay. May God bless us all."According to the show's YouTube channel, Kardashian shared her experience "earlier this year."Khloe's sister Kim Kardashian announced in September that "KUWTK" would end its run next year after 14 years. 1098

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