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News & Updates
January 16, 2019 Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sourcesSource: Reuters
NEW YORK - Sears Holdings Corp (SHLDQ.PK) Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to...
Sears and its chairman, Eddie Lampert, have been so far unable to resolve disagreements over his $4.4 billion bid to save Sears and 50,000 jobs by buying it out of bankruptcy through his hedge fund ESL Investments, people...
January 7, 2019 Ford recalls over 953,000 vehicles to replace inflatorsSource: Boston.com
DETROIT— Ford is recalling more than 953,000 vehicles worldwide to replace Takata passenger air bag inflators that can explode and hurl shrapnel.
January 3, 2019 Sears Chairman Eddie Lampert makes two offers for Sears: One to save it, one to salvage pieces in a partial liquidationSource: CNBC
Even Sears’ biggest advocate, Chairman Eddie Lampert knows his $4.4 billion bid for Sears may not be enough to keep the retailer alive.
Source: CBS News
U.S. Treasury Secretary Steve Mnuchin surprised Wall Street by arranging a phone call on Monday involving the so-called President's Working Group on Financial Markets. But if the stated purpose was "to assure normal market...
December 17, 2018 Big Swings in Stock Market Are at Their Highest Level Since 2011Source: NY Times
Volatility is back. Stocks across Wall Street are enduring one of the most prolonged periods of turbulent trading of the past decade.
December 17, 2018 Can GE Survive Its Cooked Books?Source: Forbes -Peter Cohan Contributor
Jack Welch gives himself an F for picking his successor, Jeff Immelt. And GE's accountants were not doing their jobs when Immelt was CEO.
Source: Think Progress
Reuters found that “from at least 1971 to the early 2000s, the company’s raw talc and finished powders sometimes tested positive for small amounts of asbestos, and that company executives, mine managers, scientists, doctors and...
December 4, 2018 Ohio senators to meet with GM chief this weekSource: The Hill
Sens. Sherrod Brown (D) and Rob Portman (R) from Ohio are scheduled to meet with General Motors Chief Executive Officer Mary Barra on Wednesday, after the automaker announced last week that it would halt production at a plant in...
December 3, 2018 Dow futures up nearly 500 points on trade-war timeoutSource: MarketWatch
U.S. stocks were poised to rally on Monday, with Dow futures up close to 500 points after the U.S. and China agreed to call a truce to their trade war over the weekend, triggering relief buying of perceived riskier assets such as...
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