Latest Business News: Praktiker Shareholder Mulls Taking Over Bank Loans

Wochit 1:14 mins

Isabella de Krassny, a leading shareholder of insolvent German home improvement retailer Praktiker is considering buying out banks in a move to save the company. de Krassny said, "An insolvency is not the end. Together with other investors we are considering buying the loans held by banks." She and her husband Alain de Krassny together own about 15 percent of Germany's No. 3 DIY chain, according to Thomson Reuters data. The wide divergence of opinion within the Federal Reserve over when to wind down its unprecedented support for the U.S. economy was on full display, starkly illustrating Chairman Ben Bernanke's leadership challenge for the rest of this year. RadioShack Corp. said it is in talks with investment banks on ways to bolster its finances, as the money-losing electronics chain works to remake its image and reverse sliding sales. The 94-year-old company lost $139 million last year and has struggled to keep up as electronics retailing shifted to the Web and consumer tastes changed.

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