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Toys ‘R’ Us secured lenders reject paying for worker severance

Bloomberg The private equity owners of Toys ‘R’ Us may be taking unprecedented steps towards supporting the company’s former workers, but the lenders that financed its bankruptcy — and ultimate liquidation — are making no such promises. Angelo Gordon & Co. LP and Solus Alternative Asset Management don’t plan to contribute any more cash to benefit Toys ‘R’ Us employees ...

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Gulf Air receives first A320neo

Bahrain/ Emirates Business Gulf Air, the flag carrier of the Kingdom of Bahrain, took delivery of its first A320neo. The aircraft, powered by CFM LEAP-1A engines, made its maiden journey from Toulouse to Bahrain, landing at the Bahrain International Airport at 16:00 local time. The aircraft is the first of the 29 A320neo Family aircraft ordered during the 2016 Bahrain ...

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Arab coalition: Saudi intercepts, destroys Houthi ballistic missile

RIYADH / WAM Saudi Arabia’s Royal Air Defence Forces intercepted a ballistic missile launched by Iranian-backed Houthi militias towards the Kingdom, said the Arab Coalition Command in a statement. No injuries or casualties were reported. Colonel Turki Al Malki, the Arab Coalition official spokesman, said that at 21:25 on Friday, the Coalition Air Defence detected the launch of a ballistic ...

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