shld

Five years ago, Eddie Lampert was seen as the next Warren Buffett. Having gained control of bankrupt retailer Kmart Corp. in 2003, the businessman snapped up Sears. Roebuck & Co. for $11 billion. Wall Street hailed the combination, expecting big things from Lampert. "Sears has its own $2.7...

Well, this decision could set an interesting precedent. A jury in Michigan found the former head of Kmart, Charles Conaway, liable for misleading investors about company finances before a bankruptcy protection filing in 2002. The verdict was reached in a civil fraud trial, following 10 days of...

Stocks recovered from a big dip in early trading and stayed in positive territory for most of the day before plunging in the final 45 minutes of the trading session. Better-than-expected earnings reports by Sears (SHLD), Gap (GPS) and Aeropostale (ARO) raised hopes that consumer spending could be...

The following post rounds up the companies making headlines today: American International Group (AIG) Chairman and CEO Edward Liddy announced late Thursday that he plans to depart the company once the insurer's board of directors finds a replacement. It also proposed a 1-for-20 reverse stock...