GE To Sell Japanese Consumer Finance Division

Friday, July 11th, 2008

General Electric (NYSE:GE) recently announced plans to sell their Japanese consumer finance division to Shinsei Bank for an estimated $5.4 billion dollars. General Electric did consumer financing and loans under the name Lake. They offered credit card and mortgage products, but with weakened credit markets and stiffer lending regulations the conglomerate ...

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Steve & Barry’s Files For Chapter 11 Bankruptcy

Wednesday, July 9th, 2008

Steve & Barry's recently announced that they're filing for Chapter 11 bankruptcy. The large discount apparel retailer apparently can't support their large stores selling cheap clothes for under $20.00 any longer. Steve & Barry's used retail spaces of between 50,000 - 100,000 square feet to sell University Sportswear and celebrity clothes ...

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