From largest US retailer to possible bankruptcy, Sears lines up emergency financing for potential filing

Sears Holdings has contacted banks in recent days to arrange the financing necessary to file for bankruptcy after 125 years in business, people familiar with the situation told CNBC. The stock plummeted 32 percent, to 40 cents a share, in Wednesday's premarket trading after the report... (CNBC)

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The closing stores span 28 states including California, Connecticut, Illinois, Missouri, New York, Ohio, Florida, Georgia, and Texas. Sears started closing sales at 46 Sears and Kmart stores on Thursday. (Houston Chronicle )