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Sears Holdings announces intention to commence private exchange offers for outstanding 8% Senior Unsecured Notes Due 2019 and 6 5/8% Senior Secured Notes Due 2018 and pursue negotiated exchange of certain other indebtedness

HOFFMAN ESTATES, Ill., Sears Holdings Corporation (“Holdings,” “we,” “us,” “our,” or the “Company”) (NASDAQ: SHLD) today announced that it intends to commence exchange offers (the “Exchange Offers”) pursuant to which it would offer to (1) issue in exchange for its outstanding 8% Senior Unsecured Notes Due 2019 (“8% Senior Notes”) new 8% Senior Unsecured Notes […]

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Amazon Web Services (AWS) and Ningxia Western Cloud Data Technology Co. Ltd (NWCD) Announce a Second AWS Region in China, Now Available to Customers

SEATTLE & BEIJING– Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ:AMZN), and Ningxia Western Cloud Data Technology Co. Ltd. (NWCD), a cloud services provider in China, today announced a strategic technology partnership and the launch of the AWS China (Ningxia) Region, operated by NWCD. The AWS China (Ningxia) Region, operated by NWCD, joins the […]

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Staples Earns Two HP Partner of the Year Awards at HP Reinvent: World Partner Forum

FRAMINGHAM, Mass.–Staples is the recipient of two prestigious HP Partner of the Year awards; U.S. Partner to Watch and U.S. Supplies Partner of the Year, both received at HP’s largest global partner forum, HP Reinvent. More than 1,400 leading partners from across the globe attended the annual event, and Staples was one of only 50 […]

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Sears Launches Black Friday Deals Early Online

HOFFMAN ESTATES, Ill., — To help shoppers get a jump on holiday shopping, Sears announced it is now offering Black Friday pricing online at Sears.com. Sears and Kmart also lowered the minimum purchase threshold for free shipping on qualifying online orders to $25 (was $49), and launched a new CASHBACK in points offer for Shop […]

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Walmart.com and Lord & Taylor Announce Plans to Deliver Premium Fashion to Customers

BENTONVILLE, Ark. and NEW YORK, NY – Walmart.com and Lord & Taylor announced today that Lord & Taylor will launch a flagship store on Walmart.com. Expected to launch in spring 2018, Walmart.com will introduce a specialized online experience offering premium fashion brands directly from the Lord & Taylor flagship. “Our goal is to create a […]

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Tesco/Booker Merger Provisionally Cleared After In-depth Review

The CMA has provisionally concluded that Tesco’s purchase of Booker does not raise competition concerns. A group of independent Competition and Markets Authority (CMA) panel members has investigated how bringing together the UK’s largest grocery retailer and the UK’s largest grocery wholesaler would affect competition. It examined evidence from Tesco and Booker, as well as […]

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Amazon to Acquire Whole Foods Market

SEATTLE & AUSTIN, Texas- Amazon (NASDAQ:AMZN) and Whole Foods Market, Inc. (NASDAQ:WFM) today announced that they have entered into a definitive merger agreement under which Amazon will acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including Whole Foods Market’s net debt. “Millions of people love Whole […]

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Commission Proposes New Tax Rules To Support E-commerce And Online Businesses In The EU

The European Commission has today unveiled a series of measures to improve the Value Added Tax (VAT) environment for e-commerce businesses in the EU. Our proposals will allow consumers and companies, in particular start-ups and SMEs, to buy and sell goods and services more easily online. By introducing an EU wide portal for online VAT […]

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Walmart Agrees to Acquire Jet.com, One of the Fastest Growing e-Commerce Companies in the U.S.

BENTONVILLE, Ark. and HOBOKEN, N.J., – Wal-Mart Stores, Inc. and Jet.com, Inc. today announced they have entered into a definitive agreement for Walmart to acquire Jet for approximately $3 billion in cash, a portion of which will be paid over time. Additionally, $300 million of Walmart shares will be paid over time as part of […]

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The Home Depot Hiring More Than 80,000 for Spring

ATLANTA, – The Home Depot®, the world’s largest home improvement retailer, is hiring more than 80,000 associates nationwide to ensure its nearly 2,000 stores are staffed and ready for the company’s busiest selling season. “There’s no better time to join our team than spring, whether you’re a college student, recent grad or a veteran hoping […]

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