Hoffman Estates News
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Sears Holdings Corp., the retailer controlled by billionaire hedge-fund manager Edward Lampert, posted a quarterly loss of $279 million, hurt by costs related to store closings and severance expenses. The shares tumbled.
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El Corte Ingles SA hired Morgan Stanley to help restructure about 5 billion euros ($6.4 billion) of debt, according to three people familiar with the matter.
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Edward Lampert, the billionaire chairman and chief executive officer of Sears Holdings Corp., reported that he and his hedge fund cut a stake in Genworth Financial Inc. by almost a third and sold its holdings in Big Lots Inc. and grocer Safeway Inc.
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After Hennes & Mauritz AB and Inditex SA, Europe’s two largest clothing retailers, committed to an agreement to improve fire and building safety in Bangladesh, pressure is mounting on U.S. retailers to sign the pact.
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Claire’s Inc., the operator of jewelry and accessories stores that’s controlled by Apollo Global Management LLC, filed to raise as much as $100 million in a U.S. initial public offering.
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This year, Eddie Lampert stood alone.
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Western retailers and international labor activists who met earlier this week in Germany are still wrangling over a two-year-old memorandum aimed at improving Bangladesh factory safety.
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Wal-Mart Stores Inc. and J.C. Penney Co. were among retailers sending representatives to a meeting near Frankfurt to discuss allying to improve worker safety in Bangladesh following the nation’s biggest industrial disaster.
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A Bangladesh court has asked the government to confiscate assets belonging to the owner of the factory complex that collapsed last week as hopes fade for more survivors after the nation’s biggest industrial disaster.
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A Bangladesh court has asked the government to confiscate assets belonging to the owner of the factory complex that collapsed last week as hopes fade for more survivors after the nation’s biggest industrial disaster.
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