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The head of Sears Holdings Corp. (NASDAQ: SHLD) may no longer be part of the company’s post-bankruptcy restructuring. According to The Wall Street Journal: Sears Holdings Corp. is wrapping up an expanded bankruptcy financing package that will keep it afloat past the holiday season as it looks to sell its most profitable stores and other assets. At the time of the retailer’s Oct. 15 bankruptcy filing, a group of banks consisting of Bank of America N.A., Wells Fargo & Co., and Citibank N.A. agreed to contribute $300 million in financing. Chairman and former Chief Executive Edward Lampert, through his hedge fund ESL Investments, was in negotiations with other lenders to provide an additional $300 million junior loan. Now, the structure has changed. Mr. Lampert’s ESL is no longer expected to take part in the financing, according to people familiar with the situation. Time magazine has a new CEO. According to The Wall Street Journal: Four days after Salesforce.com Inc. co-founder Marc Benioff and his wife Lynne Benioff closed on their purchase of Time magazine from Meredith Corp., the new owners named Edward Felsenthal chief executive of the publication and said he would continue as editor in chief. Mr. Felsenthal, 52 years old, will oversee all of Time’s editorial and business efforts, including advertising. The magazine industry has been buffeted by declining print advertising revenue and newsstand sales and is trying to make up for those declines by boosting revenue from digital advertising, paid events and video. https://247wallst.com/media/2018/11/06/6-most-important-thin… |
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| aus der Diskussion: | Sears Holding Aktie WKN: A0D9H0 |
| Autor (Datum des Eintrages): | mindgames1001 (06.11.18 13:19:22) |
| Beitrag: | 9 von 370 (ID:59148267) |
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