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Sears to take $443 million in charges arising from store closures

3 heures 47 minutes ago

Bankrupt U.S. retailer Sears Holdings Corp will take a charge of about $443 million arising from store closures, a regulatory filing showed on Tuesday. Total costs related to closing 73 Sears stores and 28 Kmart stores in the third quarter ended Nov. 3 amounted to $229 million, the company said earlier this month. The charges entail markdowns, severance costs and lease termination costs arising from store closures, which the company announced in October, when it filed for Chapter 11 bankruptcy protection.


J&J moves to limit impact of Reuters report on asbestos in Baby Powder

4 heures 8 minutes ago
Johnson & Johnson on Monday scrambled to contain fallout from a Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder, taking out full-page newspaper ads defending its product and practices, and readying its chief executive for his first television interview since investors erased tens of billions of dollars from the company’s market value.