Creditors urge Sears to shut down all its stores, calling its plan for survival ‘wishful thinking’ (SHLD)

AP Photo/Charlie Riedel Sears‘ unsecured creditors are urging the company to shut down all of its remaining stores.  In a bankruptcy filing, the creditors slammed Sears’ plan to stay in business as “nothing more than wishful thinking” and “an unjustified and foolhardy gamble with other people’s money.” Sears has proposed cutting its store count to roughly […]

American creditors say China should honour pre-Communist debts

Still outstanding LIKE many Americans, Jonna Bianco believes President Donald Trump to be “a tireless defender of the American people against Chinese economic aggression”. Ms Bianco, a Tennessee cattle-rancher, is president of the American Bondholders Foundation (ABF), which represents more than 20,000 owners of bonds issued by Chinese governments before the Communist revolution in 1949—and […]