Sears skips payments to vendors

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......»»

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......»»

WeWork has stopped paying rent at some U.S. locations, in the latest sign that the co-working company is aggressively trying to cut costs as the economic downturn eats into its revenue......»»

The creator of “Fortnite” is challenging Google’s policy of taking a cut of payments made for app-related purchases at a time when regulators have started scrutinizing those kind of arrangements between tech companies and their vendors......»»

Just next to Ho Chi Minh City's financial district, two dozen street vendors' stalls display colorful adverts for e-wallets backed by private equity firm Warburg Pincus, ride-hailing firm Grab and Singapore sovereign wealth fund GIC, among others......»»

A group of Sears vendors is pushing for the struggling retailer to liquidate, arguing they"re being pushed to the brink of insolvency as they wait to be paid back.....»»

A New York bankruptcy court is scheduled to rule Thursday on Sears Holdings' reorganization plan. Vendors who have not been paid want the court to convert the Chapter 11 reorganization to a Chapter 7........»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

It often makes good business sense to delay paying suppliers, keeping cash free for other purposes. Now the concept is being taken to new levels of complexity. A global industry has grown up of financial go-betweens who buy unpaid invoices at a discount......»»

People who retired after spending decades working for department store Sears came togeth.....»»

The outage, which began Tuesday, left some Kmart stores unable to process non-cash payments. Sears said Friday that it has resolved the problems......»»

Eddie Lampert, the former owner of Sears who bought the assets of the retailer out of bankruptcy court earlier this year, is threatening in a court filing not to make $43 million in pension payments due to thousands of its former employees......»»

Eddie Lampert, the former owner of Sears who bought the assets of the retailer out of bankruptcy court earlier this year, is threatening in a court filing not to make $43 million in pension payments due to thousands of its former employees......»»

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.....»»

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......»»

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......»»

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

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

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

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