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Sears faces tough foe: an unforgiving bankruptcy code

When Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, it said it would close another 142 unprofitable Sears and Kmart locations and seek to reorganize around financially healthier stores. It also triggered a "time bomb" that retailers have had a tough time surviving.

Uber IPO proposals value company at $120 billion: WSJ

Ride-hailing company Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday.

Immigrant caravan sparks Trump threat to cut aid to Honduras

U.S. President Donald Trump threatened on Tuesday to withdraw funding and aid from Honduras if it does not stop a caravan of migrants that is heading to the United States, in his latest effort to show his administration's tough stance on immigration.

Stand together, Britain's May calls for unity on Brexit

British Prime Minister Theresa May told her ministers on Tuesday they would secure a Brexit deal if they stood together, calling for a show of unity to silence those pressing her to rethink her strategy for leaving the European Union.

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