Bankruptcy

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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6 Most Important Things in Business Today

Amazon.com Inc. (NASDAQ: AMZN) discontinued a controversial tool used to help it hire people. According to Reuters: Amazon.com Inc’s machine-learning specialists uncovered a big problem: their new recruiting engine did ...
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Debtors Decide to Bring Toys ‘R’ Us Back From the Brink

Toys "R" Us was thought to be dead in the water, but that seems to be turning around after its lenders decided to not go through with the bankruptcy auction ...
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6 Most Important Things in Business Today

Some of Facebook Inc.'s (NASDAQ: FB) Instagram users were unable to access their accounts briefly. According to Reuters: Facebook Inc’s  photo-sharing social network Instagram was not working on Wednesday for ...
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6 Most Important Things in Business Today

The founders of Instagram have left the company. According to The New York Times: Kevin Systrom and Mike Krieger, the co-founders of the photo-sharing app Instagram, have resigned and plan ...
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Caesars: When a Big Gamble May Also Be a Great Investment

Some people compare the stock market to gambling and casinos. This is certainly debatable, considering that millions of Americans have saved and saved and seen their assets grow in the ...
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