Daniel Acker/Bloomberg NewsA Sears store in Mentor, Ohio. The company’s stock prices jumped even as Sears reported weak results.Sears Holdings moved on Thursday to allay fears that it could run low on cash this year, announcing plans to sell stores in transactions that the company says could raise nearly $800 million.But the deals also highlight the major challenges that Sears faces as it tries to stop a multiyear slump in its operations, analysts said.Sears may be giving up its most profitable stores in exchange for a quick cash infusion today. In one of the transactions, Sears also expects current shareholders to foot the bill, potentially leaving them more exposed to the troubled retailer.“As a matter of fact, spinoffs like these could leave Sears with a ... Continue reading →

23 May 2012 Last updated at 13:08 ET Facebook and banks behind flotation face lawsuit Continue reading the main story Facebook, its founder Mark Zuckerberg, and the banks leading its flotation are being sued by disgruntled shareholders. A writ, filed in a Manhattan court, alleges that Facebook's revised growth figures were not disclosed to all investors. US financial regulators have already said the Morgan Stanley may have questions to answer over the disclosure of information ahead of Friday's float. The bank, lead underwriter to Facebook, said it fully complied with the rules. The lawsuit claims that defendants concealed from investors during the flotation marketing process "a severe and pronounced reduction" in revenue growth forecasts. Meanwhile, the Reuters and AP news agencies reported that the Senate ... Continue reading →

mricio 20 photos · 26 followers “Buildings in Fort Lauderdale, Las Olas area, get painted quite a bit” Continue reading →