Cheddar morning business update 9/7: Toys "R" Us considering filing for bankruptcy

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  • Lawmakers are paving the way self-driving cars on public roads. And those cars wouldn’t be required to have a driver behind the wheel. The House passed the Self Drive act, letting automakers deploy 25,000 self-driving cars without meeting existing safety standards. 
  • Gap is focusing on its athletic apparel brands, announcing it will close 200 Banana Republic and Gap stores within the next three years. The company plans to open about 270 Old Navy and Athleta stores in that timeframe. 
  • Toys "R" Us is considering filing for bankruptcy as it deals with hundreds of millions of dollars in debt. It comes ahead of the toy industry’s all-important holiday season, when many retailers earn about half of their yearly revenue.
  • BusinessMore>>

  • Zuckerberg's Holocaust comment puts Facebook on the spot

    Zuckerberg's Holocaust comment puts Facebook on the spot

    Wednesday, July 18 2018 6:08 PM EDT2018-07-18 22:08:45 GMT
    Friday, July 20 2018 12:41 AM EDT2018-07-20 04:41:54 GMT
    Facebook CEO Mark Zuckerberg says that while he finds Holocaust denial "deeply offensive," he doesn't believe that such content should be banned from Facebook.
    Facebook CEO Mark Zuckerberg says that while he finds Holocaust denial "deeply offensive," he doesn't believe that such content should be banned from Facebook.
  • Trump aims to end automatic protections for some species

    Trump aims to end automatic protections for some species

    Thursday, July 19 2018 1:42 PM EDT2018-07-19 17:42:30 GMT
    Friday, July 20 2018 12:41 AM EDT2018-07-20 04:41:48 GMT
    The Trump administration wants to change how endangered species are protected by the U.S. government.
    The Trump administration wants to change how endangered species are protected by the U.S. government.
  • Trump slams rate increases by independent Federal Reserve

    Trump slams rate increases by independent Federal Reserve

    Thursday, July 19 2018 1:37 PM EDT2018-07-19 17:37:26 GMT
    Friday, July 20 2018 12:41 AM EDT2018-07-20 04:41:40 GMT
    (AP Photo/Jacquelyn Martin). Federal Reserve Board Chair Jerome Powell testifies during a House Committee on Financial Services hearing, Wednesday, July 18, 2018, on Capitol Hill in Washington.(AP Photo/Jacquelyn Martin). Federal Reserve Board Chair Jerome Powell testifies during a House Committee on Financial Services hearing, Wednesday, July 18, 2018, on Capitol Hill in Washington.
    President Donald Trump is casting aside concerns about the Federal Reserve's independence and says he's "not happy" with the central bank's interest rate increases.
    President Donald Trump is casting aside concerns about the Federal Reserve's independence and says he's "not happy" with the central bank's interest rate increases.
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