Sears Holdings announced Wednesday a number of steps it's taking to gain liquidity as its sales continue to erode at a double-digit pace.
Sears struck an agreement with
insurers of its underfunded pension fund — Pension Benefit Guaranty
Corp. — to allow for the sale of 140 Sears properties, though the
company didn't say when those sales will take place. In exchange, Sears
said it paid $407 million to the plan.. . . more