oys ‘R’ Us informed employees on Wednesday that it will close or sell all of its more than 700 U.S. stores amid mounting debt and years of declining sales, according to a report. ..
MORE: David Brandon, CEO of the Wayne, New Jersey-based toy retailer, broke the news to employees at the company’s headquarters. Toys ‘R’ Us’s impending liquidation could result in as many as 33,000 layoffs, according to the Wall Street Journal. The company will file paperwork related to the liquidation of its U.S. division on Wednesday night ahead of a bankruptcy court hearing on Thursday, the report added.

Footage of mysterious object above ocean stuns military personnel

This breaking news alert coming from CNN

Just in .. A quote direct from their urgent news report:
The U.S. military will have up to two warships and several large transport aircraft on standby under a contingency plan to help evacuate American officials and athletes during the Sochi Olympics if ordered, a U.S. official with direct knowledge of the plan told CNN Pentagon correspondent Barbara Starr.

The official said the State Department would take the lead in organizing and evacuating Americans. The official declined to be identified because of the sensitive nature of the information.