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Sears faces tough foe: an unforgiving bankruptcy code
News 3 hours ago
Sears faces tough foe: an unforgiving bankruptcy code

(Reuters) - When Sears Holdings Corp (SHLD. O) filed for Chapter 11 bankruptcy on Monday, it said it would close another 142 unprofitable Sears and...

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Bankruptcy judge approves financing to keep Sears open
News 1 day ago
Bankruptcy judge approves financing to keep Sears open

(Reuters) - A bankruptcy judge on Monday approved $300 million in financing to keep department store chain Sears Holdings Corp open through the...

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U.S. retail sales increase modestly; consumer spending strong
News 1 day ago
U.S. retail sales increase modestly; consumer spending strong

WASHINGTON (Reuters) - U. S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in...

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Many U.S. mall owners say good riddance to Sears
News 1 day ago
Many U.S. mall owners say good riddance to Sears

Many U. S. mall owners say good riddance to Sears NEW YORK (Reuters) - The real estate investment trusts that own the malls and shopping centers...

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U.S. retail sales rise modestly; consumer spending strong
News 1 day ago
U.S. retail sales rise modestly; consumer spending strong

WASHINGTON (Reuters) - U. S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in...

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Airbnb bill may limit short-term rentals in U.S. capital
News 1 day ago
Airbnb bill may limit short-term rentals in U.S. capital

Airbnb bill may limit short-term rentals in U. S. capital WASHINGTON (Reuters) - Short-term rentals of Jackie Howard’s two-bedroom home near major...

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Sears, once a retail titan, files for Chapter 11 bankruptcy
News 1 day ago
Sears, once a retail titan, files for Chapter 11 bankruptcy

(Reuters) - Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday with a plan to close 142 more stores, throwing into doubt the future of...

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Exclusive: Sears CEO steps in for bankruptcy financing - sources
News 1 day ago
Exclusive: Sears CEO steps in for bankruptcy financing - sources

(Reuters) - Sears Holdings Corp CEO Eddie Lampert has stepped in to contribute toward a financing package of between $500 million and $600 million...

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Walmart acquires online lingerie retailer Bare Necessities
News 4 days ago
Walmart acquires online lingerie retailer Bare Necessities

NEW YORK (Reuters) - Walmart Inc (WMT. N) said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its...

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Exclusive: Sears aims to close up to 150 stores in bankruptcy - sources
News 4 days ago
Exclusive: Sears aims to close up to 150 stores in bankruptcy - sources

Exclusive: Sears aims to close up to 150 stores in bankruptcy - sources (Reuters) - Sears Holdings Corp is planning to close up to 150 of its...

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Empty shelves, poor customer service speed Sears' demise
News 4 days ago
Empty shelves, poor customer service speed Sears' demise

(Reuters) - Sandy Hetrick drove 15 miles from her home to a Sears in Media, Pennsylvania on Wednesday to buy folding chairs and clothes. FILE PHOTO...

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Exclusive: Sears CEO Lampert explores bidding for assets in bankruptcy - sources
News 5 days ago
Exclusive: Sears CEO Lampert explores bidding for assets in bankruptcy - sources

(Reuters) - Sears Holdings Corp Chief Executive Officer Eddie Lampert is exploring a bid for some of the cash-strapped U. S. retailer’s businesses...

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U.S. business group says Trump China tariffs cost $1.4 billion/month
News 5 days ago
U.S. business group says Trump China tariffs cost $1.4 billion/month

WASHINGTON (Reuters) - A coalition of U. S. business groups fighting President Donald Trump’s trade tariffs has launched an advertisement aimed at...

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Sears skips payments to vendors amid bankruptcy concerns
News 5 days ago
Sears skips payments to vendors amid bankruptcy concerns

(Reuters) - Sears Holdings Corp (SHLD. O) has started to miss payments to vendors, adding to concerns about its future after sources said on...

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Sears preparing to file for bankruptcy as early as Friday: sources
News 6 days ago
Sears preparing to file for bankruptcy as early as Friday: sources

Sears prepares to file for bankruptcy as early as Friday: sources (Reuters) - Sears Holdings Corp (SHLD. O) is preparing to file for Chapter 11...

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Sears prepares to file for bankruptcy in coming days: sources
News 6 days ago
Sears prepares to file for bankruptcy in coming days: sources

Sears prepares to file for bankruptcy in coming days: sources (Reuters) - Sears Holdings Corp (SHLD. O) is preparing to file for Chapter 11...

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Sears prepares to file for bankruptcy in the coming days, sources say
News 6 days ago
Sears prepares to file for bankruptcy in the coming days, sources say

Sears prepares to file for bankruptcy in coming days: sources (Reuters) - Sears Holdings Corp (SHLD. O) is preparing to file for Chapter 11...

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Exclusive: Citigroup may face fair lending penalty from regulator - sources
News 6 days ago
Exclusive: Citigroup may face fair lending penalty from regulator - sources

WASHINGTON (Reuters) - A U. S. financial regulator is mulling sanctions against Citigroup Inc (C.N) for denying minority customers the kinds of...

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Sears hires advisers for bankruptcy filing ahead of debt payment: WSJ
News 6 days ago
Sears hires advisers for bankruptcy filing ahead of debt payment: WSJ

(Reuters) - Debt-laden retailer Sears Holdings Corp (SHLD. O) has hired advisers to prepare for a possible bankruptcy that could come ahead of a...

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Gangnam style: KKR to invest in office property in southern Seoul
News 6 days ago
Gangnam style: KKR to invest in office property in southern Seoul

Gangnam style: KKR to invest in office property in southern Seoul SEOUL (Reuters) - A group of companies led by KKR & Co (KKR. N) will invest in an...

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SoftBank upping bet on loss-making WeWork with possible majority stake: source
News 1 week ago
SoftBank upping bet on loss-making WeWork with possible majority stake: source

SoftBank upping bet on loss-making WeWork with possible majority stake: source SAN FRANCISCO/NEW YORK (Reuters) - Japan’s SoftBank Group Corp (9984...

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HSBC to pay $765 million to settle U.S. mortgage securities mis-selling claim
News 1 week ago
HSBC to pay $765 million to settle U.S. mortgage securities mis-selling claim

HSBC to pay $765 million to settle U. S. mortgage securities mis-selling claim LONDON (Reuters) - HSBC on Tuesday said it would pay $765 million to...

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SoftBank in talks to buy majority stake in loss-making WeWork: source
News 1 week ago
SoftBank in talks to buy majority stake in loss-making WeWork: source

SoftBank in talks to buy majority stake in loss-making WeWork: source SAN FRANCISCO/NEW YORK (Reuters) - Japan’s SoftBank Group Corp (9984. T) is...

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Chickens and eggs: Retailer Carrefour adopts blockchain to track fresh produce
News 1 week ago
Chickens and eggs: Retailer Carrefour adopts blockchain to track fresh produce

LONDON (Reuters) - Europe’s largest retailer Carrefour SA (CARR. PA) has adopted blockchain ledger technology to track and trace chicken, eggs and...

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Casino gambles on Amazon-style checkout free Champs Elysees store
News 1 week ago
Casino gambles on Amazon-style checkout free Champs Elysees store

Casino is doing away with cashiers in a new shop near the Champs Elysees in a French version of the Amazon Go checkout-free convenience stores in...

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HSBC bolsters infrastructure, power and real estate teams in expansion drive
News 1 week ago
HSBC bolsters infrastructure, power and real estate teams in expansion drive

HSBC has hired seven new bankers to expand its power, infrastructure and real estate businesses as part of a global push to serve clients across...

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U.S. retailer group sees 2018 holiday sales up more than 4 percent
News 1 week ago
U.S. retailer group sees 2018 holiday sales up more than 4 percent

U. S. retailer group sees 2018 holiday sales up more than 4 percent NEW YORK (Reuters) - U. S. holiday sales will increase 4.3 percent to 4.8...

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J. C. Penney names former Joann Stores chief as CEO
News 1 week ago
J. C. Penney names former Joann Stores chief as CEO

J. C. Penney Co Inc on Tuesday named Jill Soltau as its new chief executive officer, effective mid-October, ending the department store chain's...

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Kroger to test grocery pick-up program at Walgreens stores
News 2 weeks ago
Kroger to test grocery pick-up program at Walgreens stores

U.S. grocer Kroger Co said on Tuesday it is exploring a partnership with Walgreens Boots Alliance Inc to allow its customers order online and pick...

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Amazon to raise minimum wage to $15 for U.S. employees
News 2 weeks ago
Amazon to raise minimum wage to $15 for U.S. employees

Amazon to raise minimum wage to $15 for U. S. employees (Reuters) - Amazon.com Inc said on Tuesday it would raise its minimum wage to $15 per hour...

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