Sears Faces Substantial Doubt on Future as Losses Mount
Sears Holdings Corp says it faces substantial doubt about keeping doors open after reporting losses over two billion dollars in the previous year. The retailer, under CEO Edward Lampert, relies on loans and asset sales while pursuing a transformation plan to cut costs, restructure debt, and boost online and in-store traffic.
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Former NECC cofounder cleared of murder in meningitis outbreak
Barry Cadden, 50, head of New England Compounding Center, acquitted of murder charges but convicted on racketeering conspiracy and fraud in the 2012 fungal meningitis outbreak that killed 64 nationwide and sickened about 700. Sentencing set for June 21. outbreak traced to contaminated injections.
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