Author: Dow Jones
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Lampert to bid for Sears real estate if rescue attempt fails
Sears Chairman Eddie Lampert’s hedge fund, ESL Investments Inc., is interested in scooping up Sears Holdings Corp.’s real estate for $1.8 billion if its offer to buy the company out of bankruptcy as a going concern fails, Sears disclosed in a filing Wednesday. The billionaire’s hedge fund, which had controlled Sears, last week made a…
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Big Pharma’s big price conundrum
In a familiar story line, investors in Big Pharma have a drug-pricing problem. This time, however, the script has flipped. The drug industry is a standard punching bag for politicians, and that shouldn’t be any different as a new election cycle begins. As usual, a swath of the industry chose to raise prices of older…
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Miners cut back in largest U.S. coal region
Miners in the nation’s largest coal-producing region are leaving more of the fossil fuel in the ground as prices fall for alternatives, including natural gas, and demand erodes from power-generation customers. Coal production from the Powder River Basin, an arid region spread over parts of Wyoming and Montana that produces about 40 percent of all…
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Amazon plans to add Whole Foods stores
Amazon.com is planning to build and expand Whole Foods stores across the U.S., people familiar with the plans said, to put more customers within range of the e-commerce giant’s two-hour delivery service. The push would bring Whole Foods to more suburbs and other areas where the natural grocer is quickly adding customers since the merger.…