Sears files for bankruptcy, will further shrink operations

What seemed inevitable is now official: Sears is bankrupt.

Once the most dominant retailer in America, Sears Holdings Corp. — which also owns the Kmart department-store chain — filed for Chapter 11 reorganization under the U.S. bankruptcy laws late Sunday night.

The widely expected filing in U.S….

L.A. Times – Business

Dark Knight Killer’s Shrink: Here’s Why He Did It

A psychiatrist who spent hours talking with mass murderer James Holmes says that what led Holmes to open fire in a crowded Colorado movie theater was a one-of-a-kind vortex of his mental illness, his personality, and his circumstances—and some other, unknown currents that will probably never be uncovered, the…
Newser

GM warns Trump tariffs could lead the carmaker to shrink in the U.S.

General Motors Co. issued a stern warning to the Trump administration that it could shrink U.S. operations and cut jobs if tariffs are broadly applied to imported vehicles and auto parts.

“Increased import tariffs could lead to a smaller GM, a reduced presence at home and risk less — not more —…

L.A. Times – Business

Facebook shares tumble after changes to its News Feed that could shrink ad revenue

Facebook shares were down more than 4% early Friday to $ 180.10 after the social network announced it was making major changes to its signature News Feed.

Facebook said it would begin prioritizing posts from users’ friends and families that spark the most interaction over posts from brands and publishers.

…
L.A. Times – Business

Diet Coke gets a new look and new flavors as its sales shrink

Diet Coke is getting a makeover to try to invigorate the sugar-free soda’s slumping sales.

Coca-Cola Co. said Wednesday that it’s making its 12-ounce Diet Coke can taller and slimmer, updating the logo and offering the 35-year-old drink in four new flavors: mango, cherry, ginger lime and blood…

L.A. Times – Business

Trump Will Shrink Utah Monuments: Orrin Hatch

President Trump is shrinking two national monuments in Utah, accepting the recommendation of Interior Secretary Ryan Zinke to reverse protections established by two Democratic presidents, Orrin Hatch said Friday. The Republican senator said he was “incredibly grateful” that Trump called him on Friday to say he is approving Zinke’s proposal…
Newser

ECB Could Shrink Balance Sheet by Letting Bonds Mature, Says Top Official

The European Central Bank may shrink its massive securities portfolio by simply allowing bonds to mature, a top ECB official said.
WSJ.com: What’s News Europe

TRUMP BAD FOR SALES? Booming gun industry poised to shrink without Obama in office

FOXNews.com

Japan’s Piece of the PC Pie to Shrink With Fujitsu Deal

Fujitsu said it is in talks to sell its personal-computer arm to China’s Lenovo, a move that would speed the withdrawal of Japanese electronics makers from the mass-market PC business.
WSJ.com: What’s News Asia

U.K.’s Current-Account Deficit Stands to Shrink After Brexit

The long-cherished goal of successive British governments to reduce the nation’s decadeslong habit of spending more than it earns may be coming within reach, but not necessarily in the way they would have liked.
WSJ.com: What’s News Europe