declining sales

Business

WASHINGTON | US home sales rose 1.9 percent in November

WASHINGTON— U.S. home sales increased in November for the second straight month, but sales plummeted 7 percent from a year ago amid growing affordability pressures. The National Association of Realtors said Wednesday that sales of existing homes rose 1.9 percent to a seasonally adjusted annual rate of 5.32 million last month. But higher mortgage rates … Continue reading WASHINGTON | US home sales rose 1.9 percent in November →

Business

Sears’ biggest holder bids $4.6B for rest of bankrupt chain

Eddie Lampert and his ESL Holdings hedge fund are offering to buy the rest of Sears for up to $4.6 billion in cash and stock. The Sears chairman and ESL own just under half of the Hoffman Estates, Illinois, company, according to FactSet. Sears filed for Chapter 11 bankruptcy protection in October, weighed down by … Continue reading Sears’ biggest holder bids $4.6B for rest of bankrupt chain →