This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
Kmart exits bankruptcy after 15 months in Chapter 11
Troy based Kmart Corp emerges from bankruptcy after 15 months under Chapter 11 with about 1,500 stores, 600 fewer than pre filing, and a $2 billion loan to compete with Wal Mart and Target. Investor ESL Investments converts $2 billion of claims into stock, taking 49 percent stake. The Fed holds rate at 1.25 percent amid cautious outlook.
MENTIONED IN THIS ARTICLE
Troy, Mich
Kmart Corp
Wal-Mart
Target
Jack Ferry
Edward Lampert
ESL Investments
Kmart
Fed
Alan Greenspan
Federal Open Market Committee