Sears Holdings said in a filing with the SEC that it will borrow $400 million from entities affiliated with ESL Investments, a privately owned hedge fund managed by billionaire Sears CEO Eddie Lampert. The Hoffman Estates-based retailer said in an 8-K that the first $200 million of the loan from JPP II LLC and JPP
Shire Plc says its drug for treatment ADHD will get a priority review from the U.S. Food and Drug Administration as a treatment adults with binge eating disorder.
Urban Outfitters was taking a pounding Monday after it offered for sale a “Vintage Kent State Sweatshirt” that looked like it could have been splattered with blood during campus unrest in May 1970, including shootings that killed four students.
Microsoft will acquire the maker of the popular game Minecraft for $2.5 billion. Minecraft, which lets users build in and explore a virtual world, has been downloaded 100 million times on PC alone since its launch in 2009.
Marriott is launching a program to put envelopes in hotel rooms to encourage tipping. Some 750 to 1,000 hotels will participate from Marriott brands such as Courtyard, Residence Inn, J.W. Marriott, Ritz-Carlton and Renaissance hotels.