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Sears’ sales are down 45% since early 2013, its debt load has spiked to over $ 4 billion, and the company is losing well over $ 1 billion annually. To meet its obligations, Sears has been selling off valuable brands and properties. Now its pool of assets is dwindling, increasing the risk of a bankruptcy, […]
THE difficulties facing Noble Group, a beleaguered Hong Kong commodities trader, are multiplying. On May 23rd the firm was forced to suspend trading of its shares in Singapore after their value slumped by more than 28% in half an hour. The panicked selling came after S&P Global, a ratings agency, warned that Noble was at […]
Enlarge / A white board for a potential blank-slate restart. (credit: HBO) Stop me if you’ve heard this one before: On Silicon Valley, the show’s main character, Richard Hendriks (Thomas Middleditch) is actually facing some small degree of success. But he panics in the face of it, then runs headlong into an awkward confrontation with […]
