The daily business briefing: October 15, 2018

1.

Sears Holdings filed for bankruptcy protection on Monday, aiming to cut its debts and keep the struggling department store chain operating at least through the holiday shopping season. The announcement came on a day when Sears had a $134 million loan payment. Eddie Lampert will remain chairman but step down as CEO, with a three-person committee taking over to lead the restructuring. Lampert's hedge fund will put up $300 million in bankruptcy financing. The company, once a leading retail...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

Sears Holdings [+]    Monday [+]    Sears [+]    Lampert [+]   

More #news: