All tag results for 'cit group'

Ouch.

The bad news just keeps on coming for Sears.

On top of closing more than 100 stores, the failing department store reported a $2.4 BILLION loss in the fourth quarter.

Chief Executive Lou D'Ambrosio announced they plan to raise roughly $1 billion by selling 11 stores to General Growth Properties Inc., reducing inventory and spinoff their Hometown outlets through a rights offering.

However, that's not good enough

Tags: 2 billion loss, cit group, fourth quarter, sears, sears holding corp