| Oct 20, 2014
| 7:32 AM
Sears Holdings plans to raise up to $625 million through an offering of 8 percent senior notes and warrants, in another effort to boost liquidity amid concerns among suppliers about its finances going into the holiday season.
Sears shares rose about 7.5...
| Oct 16, 2014
| 11:29 AM
On Chicago's West Side, massive structures that once housed Sears, Roebuck & Co.'s headquarters remain reasonably well-preserved but empty since redevelopment efforts a decade ago fell victim to the housing crash.
Now, a financing agreement approved...
| Oct 14, 2014
| 2:22 PM
Hackers gained access to social security numbers and other sensitive information from up to around 850,000 Oregon job-seekers in a massive breach that began some time before Oct. 6, the state's employment department said on Tuesday.
The security flaw...
| Oct 10, 2014
| 12:48 PM
One year ago on a brisk, sunny October afternoon, I boarded the No. 82 bus in Logan Square and headed south on Kimball to an unknown destination. Eventually, it pulled up in front of a tall, brick tower that rose nakedly above the surrounding...
| Oct 10, 2014
| 3:14 PM
Retailer Sears Holdings Corp. said the payment data system at its Kmart Holding Corp. unit had been breached, and that certain debit and credit card numbers could have been compromised.
Discount chain Kmart is investigating the breach.
| Oct 8, 2014
| 8:14 AM
Shares in both Sears and J.C. Penney took a hit Wednesday in the wake of sales and news reports that highlighted challenges.
Shares of Sears Holdings Corp., the parent company of Sears, were down more than 15 percent earlier in the day after a news...
| Oct 6, 2014
| 5:37 AM
Sears Holdings Corp.’s deepening financial troubles have forced insurers and banks to raise the cost of guaranteeing payment to vendors, rattling the retailer's supply chain as the company heads into the key holiday season.
The move by these...
| Oct 2, 2014
| 9:12 AM
Sears Holdings plans to raise $380 million by selling most of its 51 percent stake in Sears Canada to existing shareholders by early next month, the retailer said Thursday.
Sears approved a rights offering of up to 40 million Sears Canada shares, giving...
| Sep 30, 2014
| 5:35 PM
Kmart plans to close its Wabash Avenue store in Baltimore by early December, laying off more than 100 employees as the company works to improve its financial performance, according to a notice submitted to the state last week.
Representatives of Klein...
| Sep 26, 2014
| 6:58 PM
Investing in your own business is an optimistic bet on your future, a sign you expect to make more money by spending on everything from technology to machinery to new locations.
Weaker-than-anticipated business investment is a key reason that overall...
| Sep 25, 2014
| 12:10 PM
Bloomberg is reporting: Sears Holdings Corp. shareholder Fairholme Funds Inc. said its affiliate St. Joe Co. was unable to come to terms on providing as much as $100 million of financing to the retailer after a second lender materialized.
"The St. Joe...