TrizecHahn Corp. announced it will take a $285 million write-down against high-profile assets such as Desert Passage in Las Vegas and Hollywood & Highland in Los Angeles...
When Kmart Corp. filed for Chapter 11 bankruptcy protection Jan. 22, its stock price — which had reached a 52-week high of $13.55 in August — plummeted to an abysmal 66 cents...
Toys "R" Us Inc. announced plans Monday to shutter 64 stores and eliminate 1,900 jobs. The nation’s No. 1 toy retail chain said the restructuring will cause the company to incur after-tax charges of about $126 million...
Kmart Corp. today announced that it launched an internal investigation after receiving an anonymous letter complaining of accounting improprieties at the Troy, Mich.-based chain...