Afternoon Coffee: Mexico Reels After Deadly Quake, Toys R Us Tries to Assure Suppliers Amid Bankruptcy Filing

More than 200 people were killed in Mexico Tuesday after a deadly earthquake struck the area around the capital city, the New York Times reports. Volunteers continue to work to free people trapped under the rubble created from the 40 or so buildings and other structures that collapsed in Mexico City.

Toys R Us Files for Bankruptcy

Toy retailer Toys R Us officially filed for bankruptcy protection Tuesday, ending weeks of uncertainty for toy companies, according to the Wall Street Journal. Word of the $3 billion in bankruptcy financing has now assured suppliers, who were withholding shipments, enough to resume them before the holiday shopping season begins.

Vroozi News

Spend management provider Vroozi announced Wednesday that it had named Greg Butterfield, founder and managing partner at SageCreek, as its new chairman of the board of directors, according to a press release. The provider’s customer and user base increased 132% in the last year, according to the release.

Fed News 

And finally, a monetary policy update: The U.S. Federal Reserve signaled that its officials appear to be in sync, CBNC reports, on how they plan to unwind the central bank’s balance sheet, which holds a $4.5 trillion portfolio of government debt.

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