Hints and tips:
...On his first day, he found a Post-it note on his desk, complaining that rival Kmart sold cheaper fishing line. The handwriting was Walton’s....
...Nikola Tesla was an early tenant (evicted for not paying his rent) and later it became home to the Kellex Corporation, which was instrumental in the development of the atomic bomb....
...Among Sears’ largest trade creditors, according to court papers, are Whirlpool Corporation (owed $23m), Frigidaire ($19m) and Winia Daewoo ($15m)....
...Sears Holdings , which owns the KMart chain of pharmacies fell 1 per cent to $57.83 and Walgreen was up just 1 per cent to $32.79. Kellogg was another faller....
...EMC Corporation shares were down 8.5 per cent at $20.59, and Jabil Circuit shares were down 11.8 per cent at $14.27. Financials fell 5 per cent....
...Here’s the twist: Kmart is also trying to persuade other retailers to use its stores as a central pick-up location for goods ordered online....
...Other investors are also knee-deep in Sears, including Perry Corporation and Dune Capital....
...For every American Eagle Outfitters or Pool Corporation – which have returned about 50 per cent a year for the past 10 years – there are legions of small companies that die a painful death....
...Last September, Kmart reportedly auctioned off a Picasso tapestry, along with more than 1,000 other works from its corporate offices, after a merger with Sears....
...He said Sears’s funding of its own estimated $6.1bn pension obligation would be “complicated” by a proposed 60 per cent increase in its contributions to the Pension Benefit Guaranty Corporation - the body...
...In considering Wal-Mart’s anti-union stance, for instance, Thomas Jessens Adams provides interesting comparisons with Kmart’s monitoring of union activity in the 1960s and 1970s....
...Similar reports from corporations such as Hewlett-Packard and Ford include company-wide breakdowns of their output of pollutants and greenhouse gases....
...For Rupert Murdoch's News Corporation it could even be a good thing, at least in terms of its financial impact....
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