July 9, 2015
Sears just sold its last asset that had any real value. Trouble ahead?
The $2.7 billion in proceeds will be used to help the department store operator continue its turnaround as it transitions to an asset-light model.
The cash is badly needed, with Sears burning through more than $1 billion a year....
Burnin' stuff. Smokin' side mirrors. Turnin' around a bunch. Goin' places in place. Impressin' the ladies.
Welcome to the donut black car hole.
BEA: Real GDP increased at 1.6% Annualized Rate in Q1
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From the BEA: Gross Domestic Product, First Quarter 2024 (Advance Estimate)
Real gross domestic product (GDP) increased at an *annual rate of 1.6
percent ...
1 hour ago
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