Bankruptcy

Former CEO Lampert Bids $4.6 Billion for Sears

In a Thursday filing with the U.S. Securities and Exchange Commission, former Sears Holdings Corp. CEO Eddie Lampert's hedge fund, ESL Investments, along with other ownership entities, outlined an "indication ...
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6 Most Important Things in Business Today

T-Mobile US Inc. (NASDAQ: TMUS) said its transaction to buy Sprint Corp. (NYSE: S) may be finished in a few months. According to Reuters: T-Mobile US Inc could close its ...
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6 Most Important Things in Business Today

Snap Inc. (NYSE: SNAP) is being investigated about some of its IPO claims. According to Reuters: The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc for ...
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6 Most Important Things in Business Today: Go Vote

Amazon.com Inc. (NASDAQ: AMZN) may divide its second headquarters between two cities. According to Reuters: Amazon.com Inc is planning to split its second headquarters evenly between two cities, people familiar ...
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Lampert Seeks Help for Loan to Sears: Reuters

Sears Holdings Corp. (NASDAQ: SHLD) Chair Eddie Lampert is holding discussions with investment firm Cyrus Capital Partners regarding funding a portion of a $300 million loan to keep some Sears ...
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6 Most Important Things in Business Today

Retailer Nine West has filed for bankruptcy. According to Reuters: U.S. footwear and apparel company Nine West Holdings Inc filed an amended Chapter 11 bankruptcy plan that will reduce its ...
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Sears Wants to Cut Its Way to Profitability

There is an old saying in business: "You cannot cut your way to profitability." The recent plan for Sears to survive is based on just that. Growth is not important. ...
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6 Most Important Things in Business Today: Google Looks Toward China

A co-founder of Microsoft Corp. (NASDAQ: MSFT) has died. According to Reuters: Microsoft Corp co-founder Paul Allen, the man who persuaded school-friend Bill Gates to drop out of Harvard to ...
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Who Eventually Will Own the Sears Brand?

Sears Holdings Corp. (NASDAQ: SHLD) has filed for Chapter 11 bankruptcy. Among the open questions is whether some of its stores will stay open. The other fate of the company ...
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6 Most Important Things in Business Today: Sears Chapter 11

Sears Holdings Corp. (NASDAQ: SHLD) has filed for Chapter 11 bankruptcy. According to Reuters: Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday with a plan to close 142 ...
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57 Sears Stores at Stake in Michigan

As people read about the chance that Sears Holdings Corp (NASDAQ: SHLD) will close all its stores, the story about the individual locations and people who work in them gets ...
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National Employee Morale Day: Sears Shutdown Could Cost 130,000 Jobs

According to The Wall Street Journal, owners of the debt of Sears Holdings Corp. (NASDAQ: SHLD) might rather liquidate that company than keep all or some of its stores open. ...
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6 Most Important Things in Business Today

Facebook Inc. (NASDAQ: FB) shut off a number of accounts. According to The Wall Street Journal: Facebook Inc. has taken down hundreds of U.S. pages and accounts that were spreading ...
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Banks, Lampert Going After What’s Left of Sears

To no one's great surprise, Sears Holdings Corp. (NASDAQ: SHLD) CEO Edward Lampert and his ESL Investment firm, has re-invigorated his offer to buy the company's Kenmore appliance brand and ...
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Sears Bankruptcy Filing Is Inevitable

The imminent bankruptcy of Sears Holdings Corp. (NASDAQ: SHLD) can only be a surprise to someone who has been living under a rock for the past few years. Thousands of ...
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