Lampert would take over the company, rather than just buying selected stores as initially planned, and preserve about 50,000 jobs.
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PG&E’s grade reflects exposure of about $10 billion to the 2017 wildfires, and uncertainty around 2018 liabilities, said Moody’s.
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Sears said in the filings that it plans to close 142 stores immediately.
Sears Holdings Corp., one of America’s most iconic retailers, faces a critical $134 million of debt that is maturing on Oct. 15.
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