toys r us is here but only temporarily and only for the holidays. and it's not just toys r us. avy —— tiffa ny‘s just toys r us. it needs and old navy —— tiffany's and old navy. just toys r us. it needs and old navy -- tiffany's and old navy. the holiday season provides us an opportunity to touch so many more people. we know we will hit tourists, the people of manhattan, the other boroughs and all in the heart of new york city. nowhere else better to do a pop—up. heart of new york city. nowhere else better to do a pop-up. it takes the question. why notjust open up a store ? question. why notjust open up a store? the answer, of course, has to do with money. brick and mortar retail is expensive. take new york city's famous grand central station. it is in midtown manhattan where retail space can cost nearly 99% more than the space in this holiday market. that is because pop—up shops only have to pay rent temporarily. fro craft and jewellery maker like the blue count, best all in this market is critical to their bottom line. this holiday market, six weeks, it probably represents 50—

the payment protection bots wanted £9 million immediately paid into the bots because it said toys r us with hard news from the payment protection bots said we have been working closely with toys r us and their advisers in the run—up to the cba vote. we can confirm an agreement has been reached. toys r us has now agreed to pay £9.8 million into the pension plan but this will be split up. in 2018, £8 million will be made with a further 6 million promised in 2019 and 2020. also this deal sees the pension deficit plan shortened. this is good news for those employees of toys r us stores and we do know the firm at this stage will not be going into administration it seems before christmas. public sector borrowing fell to £87 billion in november, down £0.2 billion from a year earlier, partly thanks to higher income tax receipts — that's according to official figure. they show borrowing for the financial year to date at £48.1 billion. that is the lowest recorded at this time of the year since 2007. january typically brings a big surplus in the public finances thanks to annual income tax payment

whales out pension schemes of troubled companies like this one — is voting against a rescue plan that toys r us creditors. basically toys r us is going to slim down — this is one of the stores it will close down anyway — get financial support from creditors and soldier on but the pension protection fund has said, u nless pension protection fund has said, unless it stumps up three years worth of pension contribution in advance, it will not get its support and toys r us has said it does not have that money, at its us parent does not have that money because it is in financial trouble, and that is putting 100 outlets in trouble. it is not over yet, if the company can persuade the pension protection fund, the wrist deal hype but tonight, which should be the busiest and best time of year for toys r tonight, which should be the busiest and best time of yearfor toys r us staff is turning into one of deep uncertainty. a passenger train which crashed in the state of washington was travelling at more than twice the speed limit — according to accident investigators. the train veered off a bridge onto a bus

it is business as usual at toys—r—us. it is business as usual at toys-r-us. thank you.ld in an iranian prison after her case was made eligible for early release. nazanin zaghari—ratcliffe is serving a five year sentence for allegedly plotting to topple the iranian government. a little earlier, nazanin‘s husband, richard ratcliffe, spoke to emma barnett on bbc radio 5 live. yesterday, her lawyer went into to visit her in prison and was excited and said, good news, on the judiciary computer system, the data base, she has been marked as eligible for early release. before she was marked as a closed case. how are you feeling? part of me is trying not to get too hopeful. but he was hopeful and told her it is a matter of finalising paperwork and it maybe days to weeks rather than tomorrow. but definitely it feels like the end is much closer. days to weeks, that is what you're working with? part of me is hoping still perhaps christmas. that is very soon. it is very soon indeed. but it feels like the end is very near. this is what you have talked about, christmas has been your b

the pension schemes ofle troubled companies like this one, is voting against a rescue plan that toys r useditors. basically, toys r us is going to slim down, this is one of the stores that it would close anyway, get support, financial support, from creditors and soldier on. but the pension protection fund has said that unless it stumps up three years worth of pension contributions in advance, it won't get its support. toys r us has said it hasn't got that money. its us pa rent it hasn't got that money. its us parent hasn't got that money, it's in financial trouble. that's putting all 100 outlets injeopardy. it's not over yet because, if the company can persuade the pension protection fund to change its mind by thursday, when the vote is finalised, there is still hope, but tonight, which should be the busiest, best time of yearfor should be the busiest, best time of year for toys r us staff, should be the busiest, best time of yearfor toys r us staff, is turning into one of deep uncertainty. simon, many thanks once again for updating us on many thanks once again for updating us on that. si

. voting against the rescue for toys ‘r' us. and did the future of all of these stories? this is not the end of the road, toys " r" this is not the end of the road, toys "r" us has said it is ok for the foreseeable future trading, it thinks it is fine over christmas and new year, gift cards for instance it is happy to honour as well. so that is happy to honour as well. so that is what the company saying. and secondly this negotiation process has not come to an end, there is a final vote on thursday so the pension protection has said now that it is minded to vote against it, it has put in a beauden barrett can change its mind on thursday if after intense negotiations with the company they managed to find that £9 million that the pension protection fund says they ought to set aside for the benefit of pensioners. the future is looking much more dicey however and the futures of these 3000 workers have been set against the 600 people hoping to benefit from the company pension scheme. thank you very much. senior executives from facebo

news about toys r us. it is a relief for people. hey can enter into a company voluntary agreement, which means it can start restructuring the company and restructure its debt, likely to involve trying to renegotiate lower rents from landlords. and close some of those stores underperforming. it did say no closures would be taken until spring, so some relief for the 4200 employees. lots of toing and froing in the talks, what was the sticking point? it's all about the pension deficit, the black hole blooming in the pension fund. the ppf, the pension protection fund, said it wanted toys "r" us to pay in £9 million immediately to fill the hole. that was the issue because the ppf actually had a 31%, 31% of the creditors and they needed a 75% agreement went into the restructuring deal. finally ppf said, yes, you can, because toys "r" us said we'll pay you that £9 million but it'll be over three yea rs, million but it'll be over three years, not immediately. what has gone wrong for the store? it's competition from online, it's really tough o

our business correspondent, simon gompertz, is at a toys r us store in south london. sn't going to survive. what toys r us plan to do was to make a rescue deal, with its creditors, that they would vote on under which it would be a slimmed down operation operation. losing a quarter of its outlets it would pay back less to its creditors and struggle on. what happened today is that the pension protection fund, which is the lifeboat organisation which is the lifeboat organisation which stands behind the pension schemes of troubled companies like this one, has voted against that rescue deal, putting all the outlets in jeopardy. the reason rescue deal, putting all the outlets injeopardy. the reason is, they say, they want toys r us to come up with three years worth of pension contributions upfront in order to win its vote. toys r us says it doesn't have the money. so it's not all over yet. the company says it can carry on trading as things are through christmas and into th new year. the vote isn't finalised until thursday. expect intense negotiation until thursday to try to

that has ended up with a compromise whereby they will get the money that they want, but paid by toys r usnext three years. once that was agreed upon they could put the rescue deal that they had been working on to creditors and that past by 98% of the vote. what it means, is that some of the stores will close. this is one of them on 0ld kent road in london. 36 out of 105 will shut their doors from next spring and that means that out of the 3200 jobs, 500- 800 will spring and that means that out of the 3200 jobs, 500— 800 will still go. for customers, what this means is that trading carries on as normal. it has been busy today with business shoppers picking advantage of the discount. for the moment, all of the discount. for the moment, all of those things like gift cards and promises, replacements if you are not happy with what you have bought, they will carry on as normal for the moment as well. that was simon, talking about the rescue deal that was put forward by toys r us today. a brief look at some of the day's other other news stories. an investigation has cleared the international tra

toys " r" the front page of the daily mirror. toys "r" us on the brink. a cheerful christmas story!warned me that. this isa my first boss warned me that. this is a new category, it is sad on the eve of christmas that a toy company like toys "r" us would be making profit, it turns out it is £500,000 in debt. after all the money i have spent there! you echo my sentiment entirely! but presumably this is again online trading...|j entirely! but presumably this is again online trading... i remember moving to the toys "r" us website many years ago after going to the actual shops and the website wasn't great. there isjust so much competition. you can buy toys from amazon. we are not allowed to mention other brands, are we! online shopping is a highly competitive business and toys "r" us have obviously failed to take their competitive advantage into the online world. i amjust competitive advantage into the online world. i am just really quite devastated that 3200 employees are facing the sackjust before christmas. it is sad. it is very sad indeed. the front page of the times has a different

at toys r us have come up to try and rescue the company, unless toys r us agrees to pay £9 million up comment on the negotiations, crucial as they are today to pensions currently and future pensioners, their welfare, but also the people who live and work in the company. the pensions protection fund, is a crucial part to this whole saga now, has always played its hands with considerable skill, or often with very weak hands. so who blinks first, we'll know by the end of the day, hopefully. but i don't want to say anything which undermines the chance of saving us the maximum number of jobs, but also prevents the company from walking away from the wages and salaries it has withheld in the promise of paying people to sit pensions. in general terms are promise of paying people to sit pensions. in generalterms are not specific to toys r us, what more needs to be done to make sure that companies make proper and adequate pension provision for their employees, and to avoid situations like this, where pension contributions are basically creating a crisis for a company? it's partly a crisis for a

out for a big payment from the company to shore up the pension scheme, but toys " r" shore up the pension scheme, but toys "r" usave that money. the creditors meeting has been suspended twice while talks between the two sides go on. the latest suspension ends at 1:30pm, and there is a glimmer of hope there, that there is something to talk about. the pension protection fund said they would vote against a rescue deal, but clearly they have got something they are working on, and the hope for staff is that, in the next 20 minutes or so, they arrive at a solution which means that toys "r" us can stagger on. our top story this lunchtime: the sacking of damian green, one of the prime minister's closest allies, prompts a furious backlash from tory mps over information leaked by police. still to come, why this car park has been designated as a site of national archaeological importance. coming up in sport in the next 15 minutes on bbc news: it's official — birmingham gets the commonwealth games, and now the race is on to be ready for 2022. homelessness in england — it's been called a national crisis by a committee of mps

they are saying to customers, it's now safe to shop at toys r us. very much for the update. simon gompertz there, our business correspondent at that toys r us store in south london. this is bbc news at five, the headlines: theresa may says there must be a proper investigation into former police officers who revealed that pornography was found on damian green's parliamentary computers in 2008. lawyers for the british—iranian woman, nazanin zaghari—ratcliffe, who's injail in iran, say she's eligible for early release. police in australia have arrested a man who they say deliberately drove into pedestrians in melbourne, injuring at least 19 people. in sport... manchester united and manchester city will face no action (00v) over the tunnel incident after last week's derby. united bossjose mourinho had water and milk thrown at him and city coach mikel arteta suffered a cut head during a post—match altercation. manchester united legend ryan giggs says he's not in the running to take over at bottom of the table swansea. paul clement was sacked yesterday. th

y alerta a padres de familia; la juguetera "toys r us" est retirando del --gracias arlen... lia; la juguetera "toys r us" est retirando del mercado 6 mil paquetes de plastilina ya que existe el riesgo dee que sus hijos sean expuestos a moho. --se trata de la marca "totally me" como la de esta foto en pantalla. --el moho puede estar presente en la plastina y provocar problemas respiratorios u otras infecciones. --"toys r us" ha recibido 3 reportes del moho pero no se han reportado lesiones. le gustara vivir en la misma mansin donde vivi juan gabriel? bueno pues esto es posible si tiene 4 millones de dolares en el banco... ---recuerde que puede seguirnos en los medios sociales, facebook, instagram y twitter en las direcciones que ve en pantalla... ---adems telemundo 48.com est disponible para iphone, ipad y android. actualcela o descrguela gratis desde su app. ---le gustara vivir en la misma mansin donde vivi juan mansin donde vivi juan ga riel?... bueno pues esb mansin donde vivi juan ga es difícil ser uton fumador. hmmm hmmm he escuchado los sermones. sabes, no deberías fumar

for toys " r" a0,000,000—dollar incentive. for toys "r" us bosses.eds of staff in some of the uk stores who are likely to be out of a job. i should not think of this story will win them many fans. they have agreed to a last—minute deal with creditors to save the business but it looks like a third may still lose theirjob in this country. as this report, toys "r" us will hand out $40 million to 17 us bosses which is incredible, really, that they could be lining their pockets ata time they could be lining their pockets at a time when the business is in such trouble in this country. the pension fund said there is a big deficit and you need to put 9 million in it and they have come to an arrangement that money will be put in but over a number of years. the bankruptcy protection was filed earlier this year. they essentially have to be approved in court and the strange bit of it is that actually it is... they are saying that is not entirely up to us and the court has had a say in it. when you have a situation where people at christmas, worried they will los

the toys r us warehouse format can bea the toys r us warehouse format can be a bit boring in comparison moment. is there any impact on this hardline with what happened with phs and their pension fund? definitely, there was a media circus around the bhs colla pse a media circus around the bhs collapse with pensions and they want to avoid that again and gain some credibility. do you think this restructuring plan, will it save the company? possibly but they will need a lot of money to invest in their current stores and make them more exciting and compete but also seeing other retailers be competitive on price so they are going to do, it is going to be a challenge to change that around. thank you very much. a while back the wannacry virus was a problem? yes, it was thought to affect 300,000 computers and 150 countries around the world. you‘re in the uk the nhs was particularly ha rd in the uk the nhs was particularly hard hit, about 48 trusts had to cancel surgery and said people home. in november the uk government said they believe it originated from north korea and this week the us admini

toys "r" us still prepared to hand out giant bay days to some top executives. the one thing th must do so they get that payday. >>> and good morning, i want to open up the weather window again from emeryville and show you a couple of things that are going to affect us now. see some haze developing there. the winds are shifting and the smoke from the southern california fires are going to come to our neighborhoods. along with some warmth that could push to near record levels again today. i'll tell you how long those record levels are going to hang around and when the spare the has crazy low prices. do you know how we do it? - how? - bargainomics! say, if california has a bumper crop and produces too many oranges. or a winemaker in sonoma suddenly has 1000 bottles too many. we've got name-brand, top-quality groceries priced 40-70% off every day. bargainomics. that's our business model. and our business model is... delicious. ♪ grocery outlet bargain market ♪ >>> now your accuweather forecast with mike nicco. >> good morning again, i wanted to talk more, right off

basically they‘re saying they want toys—r—us to pay in advance three yea rs‘ toys—r—us to pay in advance good for the uncertainty. that is because people are buying toys online. well toys—r—us trades on line. it is not online or bricks and mortar it is a combination of both. 20% of our seams are jon leyne, combination of both. 20% of our seams arejon leyne, but people —— online, but people use the internet to find information about our products. what is the key to making a trip then to a toy store in britain in 2017/18 worthwhile? it is about fun and for the entertainer it is about delivering a dream and a memory to this generation of children. you speak to grown ups and say can you remember a stop from your childhood, they can and i hope in 20 years ago a six—year—old then 26 if asked would remember a particular shop and won‘t remember the brown envelope through letter box. it is about experiences and fun and picking up the products, received a stries from the assistant —— advice from the assistant and if it requires batteries you have been told. the internet doesn‘t deliver those perso

it has been a pretty tough time for the toy market of late and it comes to ahead with toys r us.eline. it means it would carry on trading but would close a number of stores and lose oui’ close a number of stores and lose our number of jobs. the close a number of stores and lose our number ofjobs. the alternative is it would slip into administration and back could put many more jobs at risk. it could mean the closure of those stores. why has it been such a tough time for retailers this year? gary is with me and is the boss of the entertainer. you are on high streets, these out—of—town parks, but it has been tough? these last six weeks, we're 9% down on maastricht, big drop at a critical time of the. nearly half the toy industry's turnover is in these last few weeks. turnover in december is 2596 few weeks. turnover in december is 25% more, so to be 9% down is a big loss. people just 25% more, so to be 9% down is a big loss. peoplejust aren't 25% more, so to be 9% down is a big loss. people just aren't paying for this sort of stuff now? we have brought forward our january this sort

but part of that is they have guaranteed they will try and seek support from toys r us in the united to shore up the uk's pension scheme as well. whether that will happen is not clear at the moment because the us company is in ba n kru ptcy moment because the us company is in bankruptcy proceedings at the moment, with nearly 900 stores of its own, and planned closures themselves. all of these toy businesses are under pressure at the moment. they face the heat of competition from companies trading on the internet, and offering toys at the convenience of being delivered in people's homes, and at lower prices. let's go to asia now, because a court in south korea is due to rule shortly on the fate of this man. shin dong—bin is one of the country's top business leaders, head of the $100 billion retail and hotel conglomerate lotte. he's charged with embezzlement and breach of trust. rico hizon is following the story. what are we expecting to hear from the court? it could be a happy or a gloomy christmas for him. prosecutors are seeking at least a 10 yearjail term. he is accused of paying m

toys r us. today we play. take a moment. to unwrap, and unwind... with lindor.chocolate shell, with a smooth, melting, center. crafted by the lindt master chocolatiers. whenever. wherever. lindor, from lindt. life's too short for ordinary chocolate. the unique formula with nourishing almond oil leaves skin smoother moisturized for 24 hours. enjoy smoother skin and now try new oil infused lotions moisturize with indulging scents but when we brought our daughter home, that was it. now i have nicoderm cq. the nicoderm cq patch with unique extended release technology helps prevent your urge to smoke all day. it's the best thing that ever happened to me. every great why needs a great how. but on the inside, i feel like chronic, widespread pain. fibromyalgia may be invisible to others, but my pain is real. fibromyalgia is thought to be caused by overactive nerves. lyrica is believed to calm these nerves. i'm glad my doctor prescribed lyrica. for some, lyrica delivers effective relief for moderate to even severe fibro