The holding company behind struggling department store chain Sears is about to file for bankruptcy, reports The Daily Beast.
The company has closed hundreds of stores in recent years and Sears CEO Edward Lampert has fought to keep it afloat by stripping out assets. Lampert has reportedly been pushing for a restructuring plan that would keep the company out of bankruptcy court, but its dismal financial status has so far hindered those efforts.
'Fought to keep it afloat' isn't really what asset-stripping is about. They've just run out of things to sell and now the ship needs scuttling so they can sell the fixtures and floorboards too. And void a few hundred thousand pension plans. Then the name gets sold, too, which might obscure the death of a 130-year-old American institution when it gets put on every Big Lots or Dollar General or maybe even the Willis Group, or whoever else buys the corpse.
Mueller agreed to testify after being subpoenaed to do so.
The latest tally on House members who favor beginning impeachment inquiry hearings against President Donald J. Trump is now at 77.
“I spent the last few months completely renovating and overhauling a 1971 #boler,” says IMGURian bteliot. This is an amazing image thread that breaks it all down, and really makes me want to fix up one of these babies and get on the road myself.
When it comes to large computer systems, not one of them is fully secure. Even with constant updates to the platforms that keep vital networks humming, there’s always a back door. And companies are willing to pay handsomely to effective bouncers that can keep an eye on them. Call them ethical hackers or white hat […]
So you’ve visited the Kennedy Space Center every year. You’ve watched “The Right Stuff” for the 95th time. There must be something to do while you’re waiting to join Space Force for the next manned mission to Mars or the moon. Here’s a combo that should raise a salute from any fan of space or […]
Looking for a new tablet? If you haven’t upgraded in a while, it might be time to check out the latest iPad Pro for two very good reasons. First, the 2018 model is a real workhorse. The 12X Bionic chip processor means it can handle any task you set out for it, and still have […]