Sears Holdings plans to file for bankruptcy protection after midnight, people familiar with the situation tell CNBC. » Read More
Sears Holdings is on the verge of filing for bankruptcy after 125 years in business, closing a chapter in the company's long-and-storied history. Here's how one of America's most recognizable brands fell into decline. » Read More |
Sears plans to file for bankruptcy as soon as this weekend. It has roughly 900 stores and employs roughly 90,000 workers. » Read More |
Sears Holdings CEO Eddie Lampert has been restructuring the retailer's assets for years outside a bankruptcy court. That's creating a challenge for it now. » Read More |
Chinese companies are getting more sophisticated and strategic when it comes to pursuing overseas acquisitions, according to a report by management consultant Bain and Company.
SmileDirectClub, which produces at-home invisible teeth alignment kits, has raised new funding from investors that values the company above $3 billion, three people with knowledge of the matter said.
The Justice Department is expected to approve the deal as early as Wednesday, according to people briefed on the matter.
Sears' move is the clearest sign yet that the retailer may finally file for bankruptcy after years of losses. The filing reportedly could come this week.
The U.S. is broadening its review of foreign investments in American companies. The aim is to block China from buying, investing or partnering in U.S. companies to acquire sensitive technology.
Daniel Loeb's Third Point Management has increased their stake in Campbell Soup from 5.65 percent to 6.98 percent, according to a filing with the SEC on Tuesday. Shares of Campbell rose 1 percent in after-hours trading following the news.
Trian Fund Management is considering a takeover bid for Papa John's, the Wall Street Journal reported. The activist hedge fund also has a 13 percent stake in Wendy's.
Months before the Whole Foods deal happened, Goldman Sachs banker David Eisman's relationship with Amazon got closer when he decided to move 1,350 miles to Seattle.This is the new Goldman Sachs: hungrier and perhaps ever slightly more humble.
According to an EY report, 46 percent of global executives plan to buy other firms in the next 12 months, a 10 percent decline from the previous year.
The retailer said it has received "expressions of interest" from "multiple parties," including its Chairman Leonard Riggio, who founded the company in 1965.
Activist investor Daniel Loeb's hedge fund Third Point files its definitive proxy as it pushes Campbell Soup to consider a sale.
Given the size of the company, the compensation is a little on the high side, says Brian Tanquilut, health-care services equity researcher at Jefferies.
China's annual outward direct investment dropped 19.3 percent to $158.29 billion in 2017, according to a government report released Friday.
The health-care software maker has gotten three bids, two from private equity firms and one from a strategic buyer, the sources tell CNBC.
Joseph Baratta of Blackstone joins 'Squawk Box' to discuss private equity deals like Blackstone-Reuters and how Blackstone is viewing the news deal.
China Renaissance's initial public offering came hot on the heels of high-profile listings on Hong Kong's stock exchange by Chinese hotpot chain Haidilao and tech heavyweight Meituan Dianping.
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