The CEO of Sears says the nearly bankrupt company doesn’t need more customers

The CEO of Sears says the nearly bankrupt company doesn’t need more customersIt’s understandable that Eddie Lampert, the CEO of Sears Holdings, is feeling the pressure. After all, his company is in a prolonged death spiral, and he’s now addressing speculation the 124-year-old retailer may be forced to declare bankruptcy. Yet none of that would explain his comments at yesterday’s shareholders meeting, when Lampert said, “We don’t…


UPDATE 1-Delta delays taking delivery of 10 A350 jets

UPDATE 1-Delta delays taking delivery of 10 A350 jetsDelta Air Lines Inc said on Thursday it was delaying taking delivery of 10 wide-body A350-900 jets made by Airbus SE, putting a question mark over their demand, even as the no. 2 U.S. airline placed a fresh order for 30 smaller A321-200s. Delta's decision comes weeks after larger U.S. rival American Airlines Group Inc said in April that it had also deferred delivery of several wide-body Boeing Co and Airbus jets. Delta said it would delay deliveries of 10 of the 25 A350-900 aircraft by about two to three years.