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Commercial Real Estate is in Trouble; Obama Declares Swine Flu Emergency

Capmark Financial near bankruptcy: WSJ Obama Declares Swine-Flu Emergency First Daughters Not Vaccinated ...

Sears preparing for possible liquidation as last-ditch bid fails

Sears Holdings Corp. is preparing for possible liquidation of the iconic retailer after Chairman Eddie Lampert's bid to buy several hundred stores out of bankruptcy fell short of bankers' qualifications, people with knowledge of the matter said Tuesday.

The retailer started laying the groundwork for a liquidation after meetings Friday in which its advisers weighed the merits of a $4.4 billion bid by Lampert's hedge fund to buy Sears as a going concern, said the people, who asked not to be identified because the discussions are private. If the 125-year-old retailer does die in bankruptcy -- like Toys "R" Us in 2018, and Borders Group Inc. in 2011 -- it would mark the largest fatality yet in the retail apocalypse prompted by a shift to online shopping.

While Lampert's ESL Investments has failed to convince the bankers of the viability of its bid, it could still make last-minute improvements before a status hearing on Tuesday. Lampert also has outlined a back-up plan in which ESL would pursue the purchase of some of Sears's parts, including real estate and intellectual property, such as its brand.

Building the new TCS

Disruption is a term used most often these days to explain the wide range of changes taking place in the business ecosystem. In terms of management capabilities, companies where managements have been able to foresee such disruptions and take quick steps to steer their companies to safety amidst such choppy waters are those that can grow in these times and, as a consequence, get rewarded by shareholders in the stock markets. The tech world is one where such disruptions have become par for the course. Take the cases of all the Indian tech majors—Tata Consultancy Services (TCS), Infosys, Wipro, and the rest—and you will find this common thread of companies grappling with a new world. Tech companies today are dealing with ‘digital’ as the biggest disruptor to their existing plans as clients demand digital solutions in a world where artificial intelligence, machine learning, and cloud-based services become the norm. Indian tech companies, long used to being outsourcing options for Western markets, particularly the U.S., have consequently had to change their game and adopt digital offerings rapidly to survive and grow.