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Claire's files for chapter 11 bankruptcy in the US

Claire’s, an American retailer of accessories, jewelry, and toy, announced that it had filed for Chapter 11 bankruptcy protection for its US operations in a court in Delaware. They said they managed to reach an agreement with creditors to restructure their debt. The agreement provided them with about $575 of new capital.

Toyota is ordered to pay $1.2 billion to settle U.S. probe

In order to resolve a criminal probe into safety issues, Toyota Motor Corp was ordered to pay $1.2 billion. The settlement with Toyota marked a huge victory for safety advocates who called for criminal prosecution of car companies over safety violations. It was the first federal criminal case of its kind since US auto safety law.

Hundreds of thousands of people attend the papal inauguration ceremony

The inauguration of Pope Francis was celebrated 6 days following his election. Delegations from 33 Christian Churches and 132 national governments or international organizations attended the ceremony which lasted for 2 hours. An estimate of 200,000 faithful were present at St. Peter’s Square to witness the event.

The first time a sitting President has appeared on a late night talk show

The Tonight Show with Jay Leno is an American late-night talk show filled with comedy routines, interviews and performances. Roughly 2 months after he assumed office, President Barack Obama appeared on the show. He came under fire for a remark he made about the Special Olympics after Leno congratulated him on his low bowling score.

Nevada legalizes gambling

Most forms of gambling were legalized in Nevada by Assembly Bill 98. This provided a source of income for the state and helped lure in investors. Since laws on gambling were more strict in rest of the US, Las Vegas became an attractive place for certain figures and rapidly developed in following years.

The U.S. Supreme Court uphold the 8-hour work day

The constitutionality of Adamson Act had been upheld by the US Supreme Court. The act was a federal law passed in 1916. It established an 8-hour long workday and promised additional pay for working overtime. The decision to upheld the act stopped the railway unions in their preparations to go on strike.

Boston, Massachusetts is incorporated as a city

The inhabitants of Boston voted to change the official name from the Town of Boston to the City of Boston, and the people of Boston approved the charter incorporating the City. At that time, Boston's population was about 46,226 and its area was 4.7 square miles.

Anniversaries of the (in)famous