Business News

Sears hires a bankruptcy expert

Sears hires a bankruptcy expert

NEW YORK (CNN Business) – If Sears wants to avoid bankruptcy, it’ll practically have to pull a rabbit out of a hat. The company thinks it found a director who can help do the trick.Sears (SHLD) ann

Best Buy is cashing in as Americans grow older

Best Buy is cashing in as Americans grow older

NEW YORK (CNN Business) – Americans are getting older. That’s an opportunity for Best Buy.In August, Best Buy announced it would buy GreatCall for $800 million. GreatCall makes Jitterbug cell phone

How Casper drove Mattress Firm into bankruptcy

How Casper drove Mattress Firm into bankruptcy

NEW YORK (CNN Business) – Beds-in-a-box have brought the country’s largest mattress retailer to its knees.Mattress Firm filed for bankruptcy on Friday to escape hundreds of leases it could no longe

Ford will trim jobs in workforce reorganization

Ford will trim jobs in workforce reorganization

NEW YORK (CNN Business) – Ford is cutting staff as it transforms its business.The second largest US automaker said Friday it was reorganizing its global salaried workforce as part of a broader plan

Apple helps Samsung surge to record profits

Apple helps Samsung surge to record profits

HONG KONG (CNN Business) – Samsung is powering toward record profits thanks in part to Apple’s new iPhones.The two tech companies compete aggressively in high-end smartphones, but Samsung also prov

Unilever kills plan to move HQ out of UK

Unilever kills plan to move HQ out of UK

LONDON (CNN Business) – Unilever has given up on a plan to move its headquarters out of the United Kingdom after some big investors objected. The global consumer goods company said Friday that the