Flash News: Hong Kong Protesters Form Human Chains at Airport     - | -     Sen. Cotton Admits He Suggested Buying Greenland to Trump     - | -     White House Considers Exploring Links Between Mental Health and Violent Behavior     - | -     President of Brazil Believes Amazon Fires Were Staged to Make Him Look Bad     - | -     Inslee Second Democrat to Drop Out of 2020 Race in One Week     - | -     At Least 8 Prison Officials Knew Epstein Shouldn't Be Left Alone Before His Suicide     - | -     Harvard Law Professor Says Trump Wants to 'Reverse Outcome of Civil War'     - | -     Denmark Is Further Upset by Trump's Canceled Visit and Referring to Prime Minster's Comment as 'Nasty'     - | -     This Is What GOP Feared. Now that Trump Has Governed with Executive Orders, Dems Plan to Do Same      - | -     Man Throwing 'Incendiary Devices' at ICE Detention Center Is Killed in Attack      - | -     Mueller Hearing Pushed Back a Week to Allow More Time for Him to Answer Questions      - | -     Trump Tells 4 Congresswomen of Color to 'Go Back' to 'Crime-Infested' Countries They Came From      - | -     GOP Congressman Invokes 'The Deep State'

Business & Technology

Sears Chairman Seek Bankruptcy Loan

viewsViews 514

Sears Chairman Seek Bankruptcy Loan

2018-11-05 01:27:141 Oct 2018 01:53 AM EST

According to Reuters, Sears is in discussions with Chairman Eddie Lampert and lenders on a deal to expand a bankruptcy financing package that would help the company avoid liquidation.The negotiations of the deal are coming at a critical time for Sears, as it needs enough money to keep its shelves stocked during the holiday shopping season while retaining enough support from its creditors and vendors to emerge from bankruptcy. Sears filed for Chapter 11 bankruptcy on October 15th with a plan to close about 142 of its 700 stores by the end of the year.

Post Your Comment




Recently Posted Comments

Most Recent News

Stocks Plummet After Trump Vows Retaliation: China's Latest Tariffs

23 August, 2019

Stocks spiraled downward on Friday after President Trump tweeted the US would retaliate against China's latest round tariffs. Markets began the day lower after China announced it planned to impose......More

NHC Says 40% Chance Of Cyclone Off Florida Keys

23 August, 2019

A low-pressure system near the Florida Keys has a 40% chance of developing into a tropical cyclone over the next 48 hours. The area located just east of the upper Florida Keys is producing a large......More

Billionaire David Koch Has Died At 79

23 August, 2019

Billionaire industrialist David Koch, a major backer of conservative causes and political candidates, has died. Koch was a driving force behind the conglomerate "Koch Industries " and was one of the world’s......More

MORE FOR YOU