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Business News

  • Sears files for Chapter 11 amid plunging sales, massive debt

    NEW YORK - Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business.
  • Correction: Future of Work-Running the Robots story

    NORWOOD, Ohio - In a story Aug. 15 about automation in manufacturing, The Associated Press erroneously attributed a report that forecast 2 million new American manufacturing jobs in the next decade. It should have cited The Manufacturing Institute, not the American Manufacturing Institute.
  • Hard times for Sears as retailer notes doubt about future

    NEW YORK - Sears, a back-to-school shopping destination for generations of kids, has said that after years of losing money that there is "substantial doubt" it will be able to keep its doors open. But it also insisted that its actions to turn around its business should help reduce that risk.

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