Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
In its latest effort to retool its business and return to profitability, Sears Holdings has laid off 115 corporate workers, including 100 employees at its headquarters in Hoffman Estates, Illinois, effective immediately.
A spokesman for the retailer, Howard Riefs, said the job cuts represent a "mix of positions in various departments across the organization."
"The company continually seeks to enhance its operational efficiencies and reduce expenses while we manage the strategic needs of the business," Riefs said in an email. "These decisions are never taken lightly, but they are a necessary part of our efforts to transform the company and return it to profitability."
Read MoreSears to accelerate store closings
Eligible employees will receive outplacement services and severance, Riefs said. The company employs about 5,500 at its Hoffman Estates offices.
Sears has been pulling a number of levers as it works to reverse a string of negative sales and earnings reports.
In the third quarter, the retailer posted an adjusted net loss of $296 million, and said that it would accelerate the pace of store closings for the year from 130 to 235.
In November, Sears said it was considering converting hundreds of its stores into a real estate investment trust. If it were to follow through with that plan, it would own between 400 and 500 stores, and lease between 1,300 and 1,400 locations.
Sears hasn't had a profitable quarter since fourth quarter of 2012, according to Retail Metrics.