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
Shares in Barnes & Noble surged on Thursday after a report that its partner Microsoft is considering an offer to acquire all of Nook Media's digital assets.
Make-A-Wish Foundation President & CEO David Williams discusses internet hacking, and a new campaign to help raise as many airlines miles as possible to help grant more wishes.
The $650 million agreement would also settle the fund's claims of about $2.8 billion against the bankrupt company.
Thailand's richest man bid $6.6 billion to buy cash-and-carry wholesaler Siam Makro from Dutch firm SHV Holdings, the biggest Asia-Pacific M&A deal this year.
Swedish telecom equipment maker Ericsson struck a deal on Monday to buy Microsoft's Mediaroom IPTV business, which makes software used by phone companies to deliver television over the Internet.
French media group Lagardere Tuesday said it has sold its entire 7.4% stake in European Aeronautic Defence & Space Co EADS through a private placement for 2.28 billion euros.
Spanish fishing company Pescanova said early on Friday it would file for insolvency after failing to reach an agreement with its creditors.
Under conditions to be announced Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, while the rest may never be paid back.
The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro.
A judge approved AMR's plan to merge with US Airways, a step toward creating the world's largest airline.
Robert Benmosche, president & CEO of AIG, explains what he seeks from U.S. financial regulation. "You need a regulator to oversee us to make sure we don't go back to doing things we shouldn't be doing," he says.
Michael Dell likely couldn't have known when he proposed taking his company private last year that he would trigger a three-way contest.
As politicians in Cyprus scrambles to clinch a bailout deal to avert a collapse of its banking sector, Rosneft and BP finalized a deal to create the world's largest listed oil major, an agreement Rosneft's CEO hailed as "more important than the situation in Cyprus".
Phil Anschutz took his Los Angeles-based sports, music, and arena conglomerate off the market because he felt reinvigorated after back surgery and didn't like "the noise" surrounding the sale, he said.
Hostess Brands creditor Silver Point Capital and hedge fund Hurst Capital have expressed interest in buying Hostess's snack cake brands, the New York Post reported.
Google's Motorola Mobility unit is to shed another 1,200 jobs as the smartphone maker tries to return to profitability, Google said on Friday.
Planned layoffs rose for the second month in a row in February as the financial sector cut the most employees in over a year, a report showed on Thursday.
The business of "deal toys," tiny Lucite trophies of big Wall Street deals, took a huge hit during the recession but now it's starting to roar back.
Boeing will cut hundreds of jobs at a South Carolina plant that makes 787 Dreamliners, but the move has nothing to do with the recent grounding of the troubled jetliner.
Following Warren Buffett's purchase of ketchup maker Heinz, investors are wondering what he might do next. Yet part of the challenge of trying to predict Mr Buffett's next move is that the way he invests has changed dramatically over time. The FT reports.