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Toys ‘R’ Us files for BANKRUPTCY, due to increased trend in online shopping 64K employees at risk

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Toys ‘R’ Us Inc, the largest toy store chain in the world has filed for bankruptcy sparking fears for the 64K people they employ worldwide.

The fears came as the company filed for Bankruptcy protection on Monday.

The store is said to be struggling after a massive shift to online shopping and discount chains which Toys R Us cannot keep up with.

Toys ‘R’ Us has received a commitment for $3billion in debtor-in-possession financing from lenders including a JPMorgan-lead bank syndicate.

But the company crippled with debts since 1994 how much time will the investment give the company.

The new financing is now subject to a court approval, The cash injection is expected to immediately improve the financial health of the company and enable the company to continue operations across the world.

The filing cast a shadow over the companies future which has over 1,600 stores across the world employing 65K Staff.

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Police searching for a missing schoolgirl have found a body in a river.

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Police had launched an appeal to find 11-year-old Ursula Keogh from Halifax, who was last seen on Monday afternoon.

Although formal identification has yet to take place, her family have been told about the discovery of the body in the River Calder at Paris Gates in Halifax.

In a statement, West Yorkshire Police said: “Inquiries will remain ongoing to determine a cause of the death, however, at this stage, it is not believed there are any suspicious circumstances.”

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Dad arrested after Mylee Billingham aged 8 stabbed to death

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Eight-year old Mylee Billingham was stabbed to death in her own home, Her father has been arrested on suspicion of murder.

Mylee was found with serious stab injuries and rushed to Hospital, but died a short time later.

Her father Bill Billingham aged 54 is a murder suspect in the case, he has been arrested he remains in a critical condition after attempts failed to take his own life.

Police say they are not looking for anyone else in relation to the murder.

He is under a police guard after he was discovered with a stab wound to his stomach and will have to undergo surgery.

Police officers responding to a domestic incident were called to a house in Brownhills near Walsall in West Mindlands at 9.15pm on Saturday.

 

Her father uploaded a photo of Mylee to his Facebook profile just before emergency services were alerted to the tragedy.

The post was captioned with the words “Pitza on bed Iv Moo x.”

The girl was pictured on her bed smiling with two plates of pizza in front of her, Moments later she was murdered.

A post-mortem examination will take place later to establish the exact cause of Mylee’s death.

West Midlands Police said Billingham is yet to be questioned by officers due to his condition.

 

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Girl aged 8 who was stabbed to death named as Mylee Billingham

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A little girl who was tragically stabbed to death has been named as 8-year-old Mylee Billingham.

Police responded to a domestic related incident near Walsall and sadly discovery Mylee seriously injured.

Despite frantic efforts by police, paramedics and doctors nothing could be done to save Mylee.

Cops immediately arrested a man aged 54 in connection with her murder.

Sadly Mylee was found with life threatening injuries at a property in Brownhills, near Walsall, on Saturday night, and died a short time later in hospital.

West Midlands Police said the man was also taken to hospital with a stab wound to the stomach.

The 54-year-old man who was arrested remains in a “critical” condition and will Be question “in due course” in relation to the murder of 8 year old Mylee.

Officers are not looking for anyone else in connection with Mylee’s death.

Our thoughts are with Mylee’s family and friends at this difficult time.

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