In 2004, a subsidiary of one of the company's funds acquired the toy store FAO Schwarz out of bankruptcy. FAO Schwarz reopened for business in New York and Las Vegas in the fall of 2004. In the same year, D. E. Shaw affiliate Laminar Portfolios acquired the online assets of KB Toys, which continued operating as eToys.com. In August 2004, D. E. Shaw & Co., along with MIC Capital, proposed to inject $50 million into the bankrupt WCI Steel. In December 2004, D. E. Shaw & Co. bought 6.6 percent of USG Corporation, a wallboard manufacturer seeking bankruptcy protection as a result of rising asbestos liabilities.