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James F. Peltz

James F. Peltz has covered nearly every aspect of national business news – including corporate America, Wall Street and global economic matters – for more than 25 years in Los Angeles and New York. He also spent nine years on the Los Angeles Times’ Sports staff, where he mainly wrote about auto racing and major league baseball. Peltz graduated from UCLA and earned a master’s degree in journalism from the University of Colorado.
Bankruptcy gives Sears the opportunity to stay alive, its chairman says

Now that Sears has filed for bankruptcy reorganization, its chairman said, the storied retail chain still “has a future” as a smaller company rather than being liquidated. The company is closing 142 more Sears and Kmart stores, including 17 in California, by year's end.

Sears files for bankruptcy, will further shrink operations

Sears Holdings Corp., which also owns the Kmart department-store chain, files for reorganization under the bankruptcy laws.

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