Toys R Us files for bankruptcy in the US and Canada
(The Guardian Business News)

Rise in online shopping pushes world´s largest toy retailer into $5bn debt as it seeks help to survive in North America Toys R Us has filed for bankruptcy protection in the US and Canada after running up $5bn (£3.7bn) of debts and struggling to compete in the age of internet shopping.The world´s largest toy store chain said it had filed for Chapter 11 to restructure its debts and work out a sustainable path for its finances that will allow it to invest in long-term growth. Continue reading...