These stocks could feel the fallout from Sears Canada’s demise – Financial Post

The end of Sears Canada Inc. has put several other companies on the spot. Liquidation sales at Sears remaining Canadian stores began last week, after an Ontario Superior Court judge gave the go-ahead earlier this month. But the 65-year-old retailers passing leaves behind questions for companies it did business with and competed against. Those questions…

Varun Resources, India’s largest LPG carrier owner, on brink of collapse – Hellenic Shipping News Worldwide

Varun Resources Ltd, Indias largest owner of liquefied petroleum gas (LPG) carriers, has had to halt operations of its eight Indian-flagged LPG tankers at the behest of a consortium of 12 banks led by State Bank of India after defaulting on loans of about 2,000 crore, putting its future at stake. Compounding the issue, the…

Essar Group, Tatas bid to acquire Essar Steel – The Hindu

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Jaya heads for voluntary liquidation as options run out, Companies … – THE BUSINESS TIMES

Thu, Oct 26, 2017 – 7:58 AM JAYA Holdings on Thursday said it is seeking voluntary liquidation, with the remaining cash to be distributed to shareholders. The company has submitted a proposal on the proposed voluntary liquidation to the Singapore Exchange (SGX). It will be convening an extraordinary general meeting to approve the proposal, and…

JC Penney shares crater after profit warning – MarketWatch

J.C. Penney Co. spooked investors ahead of the holiday season, after the struggling department-store chain slashed its profit goals for the year and warned of weakening sales. Penney said its decision to discount and clear out slow-moving inventory in women’s apparel and other clothing departments increased revenue in September and October but significantly hurt earnings.…

JCPENNEY PROVIDES UPDATE ON THIRD QUARTER 2017 PERFORMANCE – Nasdaq

Company adjusts full-year guidance PLANO, Texas  –  (Oct. 27, 2017)  –  J. C. Penney Company, Inc.  (NYSE:JCP) today provided a preliminary update on its expected third quarter performance, following actions taken during the quarter to accelerate the liquidation of inventory. The Company’s fiscal third quarter ends Oct. 28. “Based on the encouraging results…