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Sears may stay alive with rescue bid cobbled by Lampert

Bloomberg Sears Holdings Corp. got another chance at survival after Chairman Eddie Lampert put together a last-minute, last-ditch bid to buy the retailer out of bankruptcy. Lampert persuaded three lenders to finance the $4.4 billion offer, according to a statement from ESL Investments. The plan includes keeping 425 stores open and a $1.3 billion financing commitment, the statement said. Bank ...

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Sheikh Mohamed praises VP for 50 years of service

ABU DHABI / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has emphasised his pride of the triumphant journey of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in service to the Homeland. This came ...

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Big progress on possible China trade deal: Trump

Bloomberg President Donald Trump said on Saturday that he’d spoken at length with Chinese President Xi Jinping and that “big progress” is being made towards a deal between the world’s largest economies. The agreement will be “very comprehensive” and will cover “all subjects, areas and points of dispute,” the president said in a tweet. Trump’s comment comes as a US ...

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