The company expects its plan to spin off 235 Sears and Kmart stores into a real estate investment trust to be approved by the Securities and Exchange Commission this week, paving the way for a rights offering to sell shares in the REIT to existing shareholders on Friday. Sears said some of the decline was expected as it shrinks operations.
South Africa has named 13 more preferred bidders for the fourth round of a series of renewable energy projects that will add 1,084 megawatts (MW) of electricity to its ailing power grid, the energy minister said. The new bidders are in addition to 13 others announced in April as Africa’s most advanced economy aims to introduce green energy into its power mix – 95 percent of which is coal-based –
[Marketwired] – Banro Corporation is pleased to provide an update of its Mineral Resource and Mineral Reserve estimates at its wholly-owned projects on the Twangiza-Namoya gold belt in the Democratic Republic of the Congo …
[Marketwired] – Gilla Inc. , a designer, marketer and distributor of electronic cigarettes, vaporizers, e-liquids and related accessories, is pleased to announce that it has received a follow-on order from a client who …
HOFFMAN ESTATES, Ill. (AP) — Sears’ first-quarter loss narrowed though sales continue to slide as the retailer prepares the roll-out of its real-estate investment trust this week to raise cash.
On the heels of another chaotic trading week in major markets, today one of the top economists in the world sent King World News an incredibly powerful piece warning about the $60 trillion problem and a world that is headed for total devastation. Below is the fantastic piece from Michael Pento.
Stan Wawrinka won the French Open by beating No. 1-seeded Novak Djokovic 4-6, 6-4, 6-3, 6-4 in the final Sunday, thwarting Djokovic’s bid to complete a career Grand Slam. The eighth-seeded Wawrinka, so long in the shadow of his Swiss Davis Cup teammate and pal, Roger Federer, collected his second major title after last year’s Australian Open. In doing so, Wawrinka put a stop to Djokovic’s 28-match winning streak and
Stan Wawrinka defied the odds to win his first French Open title after the Swiss recorded a famous 4-6 6-4 6-3 6-4 victory over world No 1 Novak Djokovic.
Adam Gemili ran under 10 seconds for the first time in his career as he finished second in the men’s 100m at the Diamond League meeting in Birmingham.
