Sears CEO Pushes a Rescue Plan to Avoid Bankruptcy

Warning that Sears Holdings Corp. is running out of time and money, CEO Edward Lampert is making his biggest push yet to restructure the retailer to avoid a bankruptcy filing, as a debt payment looms next month. Mr. Lampert, who is also Sears’s chairman, controlling shareholder and biggest creditor, wants creditors to restructure about $1.1…

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Congressional Leaders Expected to Avoid Shutdown Deal

WASHINGTON—Congressional negotiators are expected to secure a deal Monday on a package of three spending bills for the upcoming fiscal year, setting in motion GOP leaders’ plans to avoid a partial government shutdown at month’s end. The efforts to keep the government funded come amid uncertainty over whether President Trump is willing to defer a…

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New Jersey Governor, Lawmakers Reach Budget Deal, Avoid Shutdown

New Jersey Gov. Phil Murphy and state lawmakers reached a budget deal hours before their midnight deadline, averting a government shutdown with an agreement that will raise taxes on the state’s multimillionaires and businesses. Saturday’s deal marks the end of a standoff between Mr. Murphy, a Democrat who took office in January, and lawmakers from…

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Theranos lays off most of remaining employees to avoid bankruptcy

Technology pioneer Jaron Lanier delivered a blistering indictment of the ad-supported Internet model on Tuesday, calling for a paid model to support Facebook and Google. Why it matters: Lanier’s talk comes just as Facebook CEO Mark Zuckerberg is testifying before Congress. Read more toggle Show less Keep reading179 Words The companies aren’t social networks, he…

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Mnuchin Says U.S. Willing to Negotiate With China to Avoid Trade War

WASHINGTON—U.S. Treasury Secretary Steven Mnuchin said Friday there is the “potential of a trade war” with China as tensions between the world’s two largest economies escalated and rattled the stock market. Shortly after Mr. Mnuchin spoke, the White House’s new National Economic Council director, Lawrence Kudlow, said that the U.S. is “not in a trade…

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