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Toys 'R' Us is filing for bankruptcy protection.The toy retailer has filed for Chapter 11 bankruptcy protection in the United States, it said in a statement on Monday. Meanwhile, it said its Canadian subsidiary will "seek protection in parallel proceedings" in the Ontario Superior Court of Justice.The company said it will use the proceedings to restructure its billion outstanding debt. 399
This Labor Day, gas prices are set to be the lowest since 2004.According to AAA, the national average is .23, which is down 34 cents from last year.Gas Buddy reported the national average for the lowest-priced gas price on Labor Day was .82 per gallon in 2004.AAA said car trips are down 3% from last year, with air travel being down 75%."That means that motorists should expect heightened traffic throughout the Labor Day holiday, on top of new restrictions and precautions necessitated by the current health challenge," AAA said in a press release.AAA says prices at the pump will continue to drop in the coming weeks, as "demand falls and refineries in the Gulf of Mexico region come back online in the wake of Hurricane Laura." 743

T-Mobile and Sprint finally agreed to a massive telecom merger after years of negotiations punctuated by two breakups.The billion merger, announced Sunday, values Sprint near its current share price of .50.The tie-up would position the telecom companies as fiercer competitors to Verizon and AT&T, which have long dominated the US market."I'm excited to announce that @TMobile & @Sprint have reached an agreement to come together to form a new company -- a larger, stronger competitor that will be a force for positive change for all US consumers and businesses! Watch this & click through for details." said T-Mobile CEO John Legere, in a tweet Sunday.A report that the deal was getting close drove up Sprint's stock price by 8% on Friday and T-Mobile's price edged up as well. The stock price for SoftBank, a Japanese conglomerate with a majority stake in Sprint, rose by 3%.Sprint and T-Mobile first discussed a merger in 2014 but scrapped it because of concerns about regulatory challenges from the Obama administration.The companies expected to have a better shot at the merger under the Trump administration.Sprint stock tanks as T-Mobile merger said to collapseSoftBank CEO Masayoshi Son met with Trump the month before he took office to talk up an investment in US businesses.A few weeks later, T-Mobile's Legere said he was open to "various forms of consolidation" when asked about a potential merger with Sprint and SoftBank under the Trump administration.But last November, after much speculation, the two companies issued a statement saying they "have ceased talks.""While we couldn't reach an agreement to combine our companies, we certainly recognize the benefits of scale through a potential combination. However, we have agreed that it is best to move forward on our own," Marcelo Claure, the Sprint CEO, said at the time.Sprint and T-Mobile's announcement is just the latest step in an ongoing movement towards telecom consolidation. AT&T is in talks to acquire Time Warner, which owns CNN and CNNMoney. The outcome of that billion merger-in-the-making depends on a case in federal court, which is pending the decision of the judge. 2203
TOWN OF DOVER, Wis. -- Authorities believe a woman who escaped from the Robert E. Ellsworth Correctional Center Thursday broke into a nearby home and stole a pickup truck. The escapee was identified as 36-year-old Christine Abel.The Racine County Sheriff's Office was alerted to a break-in at a home 2 miles away from the prison at around 9:30 p.m. Someone stole a 2007 black GM Sierra pickup with a registration plate of MZ1698. An hour later, the prison reported Abel missing during a head count. 522
This year, more than half of all U.S. states have had confirmed or possible cases of acute flaccid myelitis, the polio-like illness that can cause paralysis and mostly affects children, according to an exclusive CNN analysis.CNN reached out to health departments in every state; 48 states responded, plus the District of Columbia. Of those, 30 states said they had cases that were confirmed, suspected or being investigated -- including 15 states that said they had confirmed cases in 2018.In total, CNN found 47 confirmed cases and 49 more that were suspected or being investigated, for a total of 96.The U.S. Centers for Disease Control and Prevention, which releases only confirmed numbers, says 16 states had 38 cases as of September 30. It does not identify the states. 782
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