- BusinessFox Business•6 hours ago
Boomers are setting a new pace settling into their Golden Years. According to a new survey by Transamerica Center for Retirement Studies (TCRS), 66 percent of Boomer workers plan to, or are already working past age 65. “Today’s workers are grappling with retirement security and challenged by the wobbly three-legged stool comprising Social Security, employer-sponsored retirement benefits and personal savings,” said Catherine Collinson, president of TCRS.
- BusinessThe Street•8 hours ago
Sears Holdings (SHLD) is in really bad shape as its earnings report shows, and as it prepares for the holiday season. The struggling owner of Sears and Kmart reported a staggering second-quarter loss of $2.03 a share as it felt intense competitive pressures in businesses such as appliances and apparel from Home Depot (HD) , Lowe's (LOW) , J.C. Penney (JCP) , Best Buy (BBY) and Walmart (WMT) . A year ago, the company delivered a loss of $2.03 a share. Net sales plunged 8.8% to $5.7 billion. The impact of yet another loss could almost be felt in the dishearted statement by Sears' Chairman and CEO Eddie Lampert. "We continue to face a challenging competitive environment, and while we continue to
- financeBloomberg•2 hours ago
J.C. Penney Co. is in a surprising position more than four years after it was almost run aground by a former chief executive officer: It could be the last department store standing at your local mall.