Top Azeri Bank Halts Foreign Debt Payments, Plans Restructuring
While not mentioned in the Bloomberg article, the bank also filed a Chapter 15 proceeding in the Southern District of New York on Thursday.
The Long, Hard, Unprecedented Fall of Sears
In 1994, Sears and Kmart raked in a combined $111.4 billion, compared with powerhouse discounter Wal-Mart Stores Inc.’s haul of $111.9 billion.