The company, operator of Sears department stores and the Kmart discount chain, has been selling or spinning off assets and closing stores for the past few years to try to turn around its business. Sales have been dropping since Lampert combined Sears and Kmart in an $11 billion deal in 2005..» Read More
July 11- Microsoft Corp launched its biggest internal restructuring in five years to unify development of its products including Windows, across an increasingly wide spectrum of ways to use them, from mobile devices to the cloud.
FRANKFURT, July 11- German home-improvement chain Praktiker filed for insolvency on Thursday after talks with creditors failed, sending its shares into freefall and sparking fears of heavy job losses.
ATHENS, July 11- From police to garbage collectors, Greek municipal workers took to the streets of Athens for a fourth day running on Thursday to protest against government plans to slash public sector jobs, while unemployment figures hit a new high.
*From Aug. 1, bank shareholders, bondholders will bear more risk. BRUSSELS, July 10- Europe overhauled the rules covering state aid to struggling banks on Wednesday, in a major policy shift that will put the burden on shareholders and junior debtholders when it comes to restructuring an unstable institution.
HOUSTON, July 9- A panel of administrative judges on Tuesday urged Texas utility regulators to reject Entergy Corp.' s plan to divest its electric transmission assets to ITC Holdings Corp..
TOKYO, July 10- When 27- year IBM veteran Martin Jetter came to Tokyo last year, the new president of the technology giant's Japanese arm had a radical idea: hold workers accountable for performance.
HOUSTON, July 9- A panel of administrative judges on Tuesday urged Texas utility regulators to reject Entergy Corp's plan to divest its electric transmission assets to ITC Holdings Corp..
Kroger says it will acquire Harris Teeter Supermarkets in a deal valued at $2.5 billion, including debt, to expand in the Southeast and mid-Atlantic states.
ISS Proxy Advisory Services is recommending that Dell shareholders approve the offer by CEO Michael Dell and Silver Lake Partners to take the company private.
Liberty Media's John Malone might be the most popular billionaire roaming the Sun Valley Resort as deal making returns to the spotlight.
July 5- Residential Capital LLC, the mortgage lending unit of U.S. government-owned Ally Financial Inc, has filed a bankruptcy reorganization plan that calls for unsecured creditors to recover 36.3 cents on the dollar. ResCap described the payout in a disclosure statement filed on Thursday with the U.S. Bankruptcy Court in Manhattan.
FRANKFURT, July 5- German solar group Conergy has filed for insolvency, putting about 800 jobs at risk and becoming the latest casualty in an industry battered by overcapacity, plunging prices and a trade dispute between Europe and China. Once Europe's largest solar company, Conergy has been fighting for months to secure fresh investment.
HONG KONG, July 5- China Rongsheng Heavy Industries Group, China's largest private shipbuilder, appealed for financial help from the Chinese government and big shareholders on Friday after cutting its workforce and delaying payments to suppliers.
FRANKFURT, July 5- German solar group Conergy said it would file for insolvency on Friday, the latest casualty in an industry battered by overcapacity and plunging prices. Sources close to the matter told Reuters on Monday that Conergy was close to striking deal that would see an Asian investor take a substantial stake in the firm.
HONG KONG, July 5- China Rongsheng Heavy Industries Group, China's largest private shipbuilder, said on Friday it had sought financial help from the Chinese government and big shareholders after laying off some workers and delaying payments to suppliers.
HONG KONG, July 4- Trading in shares of China Rongsheng Heavy Industries Group Holdings Ltd, China's largest private shipbuilder, was suspended on Thursday in the wake of media reports that said it had laid off 8,000 workers in recent months.
NEW YORK, July 3- A jump in job cuts in the computer and education sectors drove an increase in layoffs at U.S. firms in June, even as the pace of downsizing in the first half of the year improved overall, a report on Wednesday showed.
SINGAPORE, July 3- U.S. private equity and investment funds are betting Asia's shipping industry, hit by a restructuring wave that has already swept Europe and the United States, is the best spot to ride a recovery from the industry's worst downturn in three decades.
NEW YORK, July 2- Textbook publisher Cengage Learning Inc on Tuesday filed for bankruptcy protection as part of a prearranged restructuring it said would help it eliminate more than $4 billion of debt.
July 2- Cengage Learning Inc, a large U.S. textbook publisher, on Tuesday filed for bankruptcy protection, as part of a prearranged restructuring it said will help it eliminate more than $4 billion of debt.