Author: Matt Allan

Taiwan Authorities Report On The Loss Of Lives In Line With Recent Earthquake

It was in Wednesday when a rescue crew moved out in an effort to free two people from a hotel. Reports indicate that the two had been trapped after the ground floor of the hotel caved in. And that was in line with the recent earthquake that struck Taiwan’s east coast eventually taking away the lives of four people. The other unfortunate incidence was that about four monumental buildings were shaken and they caved in resulting in destruction of a huge chunk of properties. It has also been reported that about 225 persons sustained injuries in the incident. To this...

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Toys R Us: Closing Stores And Bankrupt. What Now?

Amidst one of the largest bankruptcies by a specialty retailer, toy-store chain, Toys R Us Inc., would be closing down a fifth of its stores in the US in the coming months. The company is set to restructure $5 billion of its long-term debt, requiring bankruptcy protection. They filed before the holiday season in 2017 in the United States and Canada. This unfortunately, casts doubts over the future of its nearly 1,600 stores and 64,000 employees. According to a letter posted on the company’s website, Chief Executive Officer David Brandon stated that its 180 stores in the US will...

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