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Sears skips payments to vendors

Sears has started to miss payments to vendors after sources said the U.S. department store operator was preparing to file for bankruptcy. Fred Katayama reports......»»

Category: videoSource: reutersOct 11th, 2018

Sears skips payments to vendors amid bankruptcy concerns

Sears has started to miss payments to vendors, adding to concerns about its future after sources said the U.S. department store operator was preparing to file for bankruptcy in the coming days......»»

Category: topSource: moneycentralOct 11th, 2018

Sears skips payments to vendors amid bankruptcy concerns

Sears Holdings Corp has started to miss payments to vendors, adding to concerns about its future after sources said on Wednesday that the U.S. department store operator was preparing to file for bankruptcy in the coming days......»»

Category: topSource: reutersOct 11th, 2018

Sears bankruptcy boss defends proposed sale to controversial ex-CEO Eddie Lampert

The chief restructuring officer in charge of the Sears bankruptcy said Wednesday that the company's proposed sale to its controversial chairman and ex-CEO would be a better deal for creditors, workers and vendors than liquidation......»»

Category: topSource: moneycentralFeb 7th, 2019

Throughout Sears" long struggle, some vendors learned early to reduce their exposure

If Sears Holdings Corp. ends up in Bankruptcy C.....»»

Category: topSource: latimesOct 12th, 2018

Empty shelves, poor customer service behind Sears" demise

Shoppers, former employees, and vendors say Sears' problems include limited merchandise, poor customer service, and bad leadership. Fred Katayama reports......»»

Category: videoSource: reutersOct 12th, 2018

Why Shares of Sears Holdings Tumbled Today

Reports of missed vendor payments and lenders pushing for liquidation weighed on the stock......»»

Category: topSource: foxnewsOct 11th, 2018

Sears" pension liabilities may be a thorn in Kenmore sale

The PBGC won future cash payments in exchange for agreeing to last year's sale of Sears' Craftsman tool line......»»

Category: topSource: foxnewsAug 22nd, 2018

Air India seeks additional equity from government to pay vendors: source

State-owned carrier Air India has sought 21.21 billion rupees ($309 million) of additional equity from the government for the fiscal year 2018-19 to make pending payments to its vendors, a source at the airline told Reuters on Monday......»»

Category: topSource: reutersJul 30th, 2018

Delaying Payments to Suppliers Helps Companies Unlock Cash

Stanley Black & Decker has spent the past 12 years convincing vendors to give it a little more time to pay its bills—an effort that lets the tool maker invest that cash into its operations......»»

Category: smallbizSource: wsjJun 28th, 2018

Sears, Kmart stores ailing as CEO Eddie Lampert's hedge fund gets hundreds of millions

As many Sears and Kmart stores appear to be on life support, CEO Edward Lampert's hedge fund, ESL Investments, is getting $200 million to $220 million in annual loan payments while Sears ha.....»»

Category: topSource: usatodayJun 18th, 2018

China smartphone shipments to drop 8% in 1Q19, says Digitimes Research

China-based vendors' smartphone shipments are expected to fall 8.2% on year to below 140 million units in the first quarter of 2019, as exports will slow down due to seasonality and domestic demand will remain weak, Digitimes Research estimates......»»

Category: topSource: digitimes10 hr. 16 min. ago

NJ Transit settles back payments with Amtrak for $182M

New Jersey Transit paid $182 million to Amtrak to make good on missed payments for use of the Northeast Corridor line, state officials said Wednesday. NJ Transit Executive Director Kevin Corbett and... To view the full story, click the title link......»»

Category: blogSource: crainsnewyork10 hr. 16 min. ago

JPMorgan Chase first major bank with proprietary cryptocurrency

Within the next few months, JPMorgan Chase will start using a virtual currency created in-house, called JPM Coin, to handle part of its wholesale payments business. ["> To view the full story, click the title link......»»

Category: blogSource: crainsnewyork10 hr. 16 min. ago

JPMorgan to use cryptocurrency for corporate-payments business

JPMorgan Chase & Co. successfully tested a cryptocurrency it plans to use in trials for clients of its wholesale-payments business. Dubbed JPM Coin, it’s based on blockchain technology, a... To view the full story, click the title link......»»

Category: blogSource: crainsnewyork10 hr. 16 min. ago

9/11 victim fund to cut payments by up to 70%

The September 11th Victim Compensation Fund plans to cut future payments by at least half, and in some cases by as much as 70%, due to the increased number of claims by those who have fallen ill and... To view the full story, click the title link......»»

Category: blogSource: crainsnewyork10 hr. 16 min. ago

A Closer Look at eBay"s Payments Opportunity

The early results are promising, but there's a lot of opportunity left......»»

Category: topSource: foxnews14 hr. 16 min. ago

Obamacare helps people make mortgage payments and rent, study concludes

A new study quantifies how much more likely those without health insurance are likely to be late on a housing payment versus those who are covered......»»

Category: topSource: marketwatch17 hr. 31 min. ago

A leaner Sears emerges from bankruptcy, but can it survive?

In some ways, the "new" Sears has a lot in common with the company that filed for bankruptcy protection in October......»»

Category: topSource: moneycentral19 hr. 1 min. ago

Will "basic income" become the norm? Calif. town starts $500 payments

After months of planning, Stockton, Calif., is sending debit cards loaded with $500 to a select group of residents starting Friday as part of a closely watched experiment in universal basic income, the first led by a U.S. city. .....»»

Category: topSource: moneycentralFeb 16th, 2019

A leaner Sears emerges from bankruptcy, but can it survive?

In some ways, the “new” Sears has a lot in commo.....»»

Category: topSource: chicagotribuneFeb 15th, 2019