News 

Sears stretches for survival with new financial moves

“Struggling U.S. retailer Sears (SHLD), on Wednesday announced a bunch of new financial maneuvers, roughly a month after the company bought itself more time by extending its debt while announcing that it was pursuing new financing” writes Leia Klingel for foxbusiness.com. While Sears’ struggles have been apparent for years with the company aggressively downsizing, this time, the language in the company’s press release discussing the company’s next financial steps suggests that the retailer may soon be out of runway.Sears is continuing to pursue a secured credit facility, consisting of an…

Read More
News 

Sears raises new financing and revises borrowing terms, but sales remain soft

“The company said it remained focused on returning to profitability and had identified $200 million of cost savings unrelated to store closures” writes Austen Hufford for marketwatch.com. The company is also working to obtain a secured credit facility, consisting of $407 million and up to an additional $200 million, all secured by 138 properties. Source: marketwatch.com Share This:

Read More
News 

Theranos is gearing up for a rebound with $100M to get it through 2018

“The embattled blood-testing startup told investors on Friday that it had raised $100 million in a secured debt financing transaction from Fortress Investment Group” writes Lydia Ramsey for businessinsider.de. The financing is subject to product and operational milestones, and includes warrants for 4% of the company equity. Source: businessinsider.de Share This:

Read More
News 

Mitch McConnell: ‘We have the votes’ to pass tax bill

“Senate Majority Leader Mitch McConnell, R-Ky., announced he has secured at least 50 votes needed to pass a $1.4 trillion tax cut bill later this afternoon” writes Al Weaver for washingtonexaminer.com. The Senate can pass the tax bill with just 50 votes because Vice President Mike Pence can vote to break the tie.The GOP secured enough support after expanding small business tax cuts, a move that lured in Sens. Source: washingtonexaminer.com Share This:

Read More
GBP News 

British Planes Might Not Be Able To Fly If No Brexit Deal Is Secured

“British planes may not be able to take off if the UK leaves the EU with no deal, the aerospace industry has warned” writes Ned Simons for huffingtonpost.com. “In those circumstances [of no deal] our regulatory regime is effectively non-functioning,” he told the Commons Business, Energy and Industrial Strategy Committee on Tuesday. Aston Martin has also warned it could have to stop production of its cars if a deal is not signed with the EU.It is theoretically conceivable that in a no deal scenario there will be no air traffic…

Read More
News 

Helicopter sales are being propelled higher as Chinese demand ramps up

“In the months that followed, Bell Helicopter, Airbus Helicopters and Leonardo Helicopters have all secured big orders in China” writes David Reid for cnbc.com. In June, Bell secured a bumper contract to sell 100 407GXP helicopters to Shaanxi Helicopter (SHC). This is more than we have received for the rest of the world,” Moulay said. Source: cnbc.com Share This:

Read More
News 

Grab raises $700 million in debt to grow ride-hailing service in Southeast Asia

“Grab, which said the debt funding was a record for a southeast Asian startup, said the facilities were secured from global and regional banks” reports venturebeat.com. (Reuters) — Singapore-headquartered Grab, the main Southeast Asian rival of Uber, said on Friday it had secured debt facilities of up to $700 million to help expand its car rental program.Grab, whose leasing program helps in growing its driver network, said it would have the largest car rental fleet in Southeast Asia by the fourth quarter of 2018. Source: venturebeat.com Share This:

Read More
News 

Sharapova wins first title since drugs ban as Federer beats Nadal

“In Shanghai, Federer delivered a masterclass to beat world No1 Nadal in one hour and 12 minutes for a 6-4, 6-3 that secured his sixth title of the year” writes Press Association for theguardian.com. Federer secured his early service hold with three aces and an unreturned serve before winning the opening set in 35 minutes. Source: theguardian.com Share This:

Read More