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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
UPDATE: San Diego Police say the girls have been safely located at a friend's house.SAN DIEGO (CNS) - Two girls, aged 10 and 12, who did not return home 160
TUCSON, Ariz. - Empire High School students have a big reason to follow social distancing guidelines.Basketball legend Shaquille O'Neal, who is now a TNT analyst, appeared in a school's public service announcement, giving out safety and social distancing advice to students."Hi this is Shaquille O'Neal," he says in the video. "Watch your distance. Wear your facemasks. Make sure you listen to all your teachers. Tell your mom and dad you love them when you get home. All right, talk to you soon."O'Neal played in the NBA for 19 years and was inducted into the Basketball Hall of Fame in 2006.According to Vail Unified School District spokesperson Darcy Mentone, a teacher at the school who has worked with Shaq recruited him to star in the video.This story was first reported by Phil Villarreal at KGUN in Tucson, Arizona. 831
UPDATE 4:34 P.M.: The victim is identified as 19-year-old Isaiah Garcia.UPDATE 11:21 A.M: Police confirm the victim from today’s homicide investigation in Bay Terraces was shot. No suspect description at this time.SAN DIEGO (KGTV) - San Diego police are looking for clues after a man that was found injured on a sidewalk in the Bay Terraces neighborhood died early Friday morning.Police and firefighters responded around 12:40 a.m. to a report of a person down in the 2300 block of Spring Oak Way, between Bell Middle and Zamorano Elementary schools.Emergency crews arrived in the area and found the man suffering from traumatic injuries to his upper body, San Diego police Lt. Anthony Dupree said.The man was pronounced dead at the scene, Dupree said.The victim was described as a Hispanic male in his twenties. A skateboard was found at the scene. It's unclear if the man was a resident of the area. No further information was available at this time.Homicide investigators are now working the scene. Anyone with information regarding this incident is asked to call the SDPD's homicide unit at (619) 531-2293 or San Diego County Crime Stoppers at (888) 580-8477. 1174
Universal Orlando has updated its face mask policy after reopening amid the coronavirus pandemic.When the Florida theme park reopened on June 3, the resort said guests could remove their masks while eating and drinking.But this week, the park updated its mask policy saying guests must be "actively eating or drinking" and socially distance themselves before removing their masks."Guests must wear face coverings at all times, unless they are actively eating or drinking, and they must also be socially distanced from other travel parties while consuming their food or beverage," the policy states. "Inside restaurants, we have arranged tables and seating so that guests can safely remove their face coverings while enjoying their dining experience."The park stated that the face coverings must cover your mouth and nose and be at least two layers thick.The resort says the following are not permitted at Universal Orlando:Face coverings with exhalation valvesFace coverings that are not secured with ear loops or secured around your headFace coverings that include mesh material or holes of any kindCostume masks or veils, per our costume guidelinesThe masks must also fit under your chin securely and fit against the side of your face snug. 1250