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Business News

Exclusive: Sears to ask bankruptcy judge for approval to liquidate – sources

Sears Holdings Corp will ask a bankruptcy judge on Tuesday if it can proceed with liquidation after it could not reach an agreement on Chairman Edward Lampert’s $4.4 billion takeover bid, casting doubt on the survival of the 126-year-old U.S. department store chain, people familiar with the matter said.

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Business News

Exclusive: Sears to ask bankruptcy judge to liquidate

Sears Holdings Corp will ask a bankruptcy judge on Tuesday if it can proceed with liquidation after it could not reach an agreement on Chairman Edward Lampert’s $4.4 billion takeover bid, casting doubt on the survival of the 126-year-old U.S. department store, people familiar with the matter said.

…read more […]

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Business News

Stock futures steady on trade optimism

U.S. stock index futures pointed to a third consecutive day of gains for Wall Street on Tuesday, lifted by expectations that the United States and China would strike a deal to end their months-long trade war that has battered financial markets.

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