Friday, 21 Feb 2020

Forever 21 could file for bankruptcy protection as early as Sunday, report says

Ragdoll & Rockets Recalls Children’s Loungewear

Ragdoll & Rockets has recalled about 14,100 children’s loungewear due to violation of federal flammability standard.

The company said it has recalled the children’s loungewear as it fails to meet the flammability standards for children’s sleepwear, posing a risk of burn injuries to children.

The firm said it has not received any injury reports, however, asked consumers to immediately stop using the recalled loungewear, take it away from children and contact Ragdoll & Rockets for instructions on receiving a full refund.

The recall involves five styles of children’s 100 percent micro polyester fleece sleepwear. The recalled sleepwear was sold in sizes 2 through 6 and S through XL. The recalled styles include a one-piece, hooded and footed children’s onesie, pants with waistband drawstring, shorts, long-sleeved crew top and, ‘Cozy Baby Onesie”.

The recalled products were sold exclusively at children’s boutiques nationwide and online at from May 2018 through May 2019 for between $16 and $28.

T. Boone Pickens, renowned energy executive and entrepreneur, dies at 91

T. Boone Pickens, the renowned American energy executive, died Wednesday at the age of 91, reports said. The Dallas Morning News said he died of natural causes at his home.

Iran lauds Trump's sacking of John Bolton

Iran’s President Hassan Rouhani says the US should use the opportunity to ‘push warmongers aside’.

    Iran’s president has welcomed Donald Trump’s decision to sack John Bolton, his national security adviser.

    Trump says he sacked Bolton after repeated disagreements.

    Iran’s President Hassan Rouhani says the US should use the opportunity to “push warmongers aside”.

    Al Jazeera’s Hoda Abdel-Hamid has more.

    Is Facebook down today? Current problems and status updates

    THE social media site appears to be down across parts of Europe.

    We explain where it's down and when it happened. Here's what we know.

    Where is Facebook down?

    Facebook is reportedly down in parts of UK, Spain, Greece, Germany and Italy.

    More than 70 people have flagged problems with Facebook, according to the website DownDetector, which tracks website outages.

    One wrote: "I cant log in, said i was hacked but no evidence. Had to reset password 3x. Now it wont even"

    Another claimed: "Nothing loading not even comments!"

    When did it happen?

    Facebook users have been reporting issues since 3pm on September 11.

    Some of the issues reported are:

    App not loading

    Comments not loading

    Cannot see posts

    Cannot change profile pictures

    Unable to search names

    Homepage not loading

    Why is Facebook down?

    The social media giant has not made it clear why some users are experiencing problems.

    On September 9, there more than a thousand reports of Facebook having issues, but it was less than two hours later.

    U.S. oil futures settle at the lowest in over a week

    Oil futures fell Wednesday, with U.S. prices settling at their lowest in just over a week, as a report that President Donald Trump discussed easing sanctions on Iran raised the potential return of Iranian oil to the global market. Also contributing to the oil-price decline, the Organization of the Petroleum Exporting Countries cut its oil demand forecasts for this year and next, in a monthly report issued Wednesday. October West Texas Intermediate oil CLV19, -2.72% fell $1.65, or 2.9%, to settle at $55.75 a barrel on the New York Mercantile Exchange. That was the lowest finish since Sept. 3, FactSet data show.

    Collision between tow truck, transport truck leaves 1 dead: police

    A 22-year-old man from Moncton has died as a result of a collision between a tow truck and a transport truck.

    New Brunswick RCMP say the collision happened at around 6:30 a.m. on Highway 11 in Kouchibouguac, N.B.

    Police say the 22-year-old driver of the tow truck died at the scene. The driver of the transport truck was not injured.

    Investigators believe the driver of the tow truck crossed the centre line and collided with the rear of the transport truck.

    It was raining at the time of the collision.

    Forever 21 could file for bankruptcy protection as early as Sunday, report says

    Forever 21 Inc. could file for Chapter 11 bankruptcy protection as early as Sunday, the Wall Street Journal reported Wednesday.

    The fashion retailer could also close some of its 700 stores, the Journal reported, citing unidentified people with knowledge of the plans.

    Forever 21 did not immediately respond to USA TODAY’s request for comment.

    Filing for Chapter 11 bankruptcy protection often involves some store closures as retailers look to break leases on money-losing stores and slash loans. The goal is typically to create a reorganized, often smaller company that can get a new start.

    According to a recent Bloomberg story, Forever 21 hired a team of advisers to help restructure its debt and has been in talks for additional financing, but negotiations with possible lenders have stalled.

    More store closings coming: An estimated 12,000 shops could close by the end of 2019

    Data breach update: Consumers must deal with more red tape to get cash from Equifax settlement

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