Sears chairman's takeover proposal faces moment of truth

NEW YORK (Reuters) - Negotiations between Sears Holdings Corp (SHLDQ.PK) Chairman Eddie Lampert and the bankrupt U.S. department store operator approached a resolution late on Tuesday as the billionaire hedge fund manager faced the choice of improving his $5 billion offer for the company or ending his takeover plans, people familiar with the matter told…

Delta, United profit beats encourage sector, but shutdown impact looms

CHICAGO (Reuters) - Delta Air Lines Inc (DAL.N) and United Airlines (UAL.O) kicked off fourth-quarter earnings reporting for the sector on Tuesday with profits that beat Wall Street expectations, but the rippling effects of a government shutdown could take a toll on the current quarter and beyond. FILE PHOTO: A Delta airlines flight arrives in…

France seeks Renault board meeting to replace Ghosn: sources

PARIS (Reuters) - The French government is moving to dismiss Renault’s (RENA.PA) scandal-hit Chairman and Chief Executive Carlos Ghosn and has requested a board meeting to consider candidates to replace him, sources with knowledge of the matter told Reuters. FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news conference…

As loans and revenue shrink, Wells Fargo leans on cost cuts

(Reuters) - Wells Fargo & Co’s loan book shrank and revenue fell across all its major businesses last quarter, as the fourth-largest U.S. lender continued to work through the consequences of wayward sales practices at its consumer bank. A Wells Fargo ATM machine is shown in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike BlakeWells…