* Lost more than $2 bln last year
* Sale of Craftsman brand to help satisfy capital needs this year
* Limits on further assets it can sell (Adds income and debt figures, asset sale details, background)
By Ankit Ajmera and Nathan Layne
March 21 (Reuters) – Sears Holdings Corp, once the largest U.S. retailer, warned on Tuesday about its ability to continue as a going....More>>>
The parent company of Sears, once the nation’s largest retailer, issued a somber warning Tuesday about its survival.
According to USA Today, Sears Holdings, which also owns Kmart, broke the news in an annual report filed with the Security and Exchange Commission.
“Our historical operating results indicate substantial doubt exists related to the company’s ability....More>>>
The company that operates Sears, the department store chain that dominated retail for decades, warned Tuesday that it faces “substantial doubt” about its ability to stay in business unless it can borrow more and tap cash from more of its assets.
“Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going....More>>>
The Dutch maker of Dulux paint has rejected a second takeover offer from a US rival.
Paints and coatings maker AkzoNobel turned down PPG Industries, saying an improved 22.4bn-euro (£19.3bn) offer was too low and risky.
Dutch politicians had publicly opposed PPG’s first proposal, saying it was not in the interests of the country.
Akzo’s share price fell slightly....More>>>
Dutch paints and coatings maker Akzo Nobel rejected a second takeover proposal from U.S. rival PPG Industries saying an improved 22.4 billion euro ($24.1 billion) offer was too low and too risky.
Akzo (AKZOY, +2.32%) said in a statement the new non-binding PPG (PPG, -1.03%)proposal made on March 20 was worth 88.72 euros per share in cash and shares, up from a first offer on March 9 worth....More>>>