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Report: Market speculates that Sears will go private
New York City -- A report by Reuters on Tuesday revealed widespread Wall Street speculation that Sears Holdings Corp. may go private.
"There is a rumor that Bruce Berkowitz of Fairholme and Eddie Lampert could take Sears private," Jon Najarian, a co-founder of TradeMonster.com in Chicago, told Reuters.
Sears has not commented on the rumors, which come days after CIT Group halted loans that Sears' suppliers use to finance the goods they sell to the Sears and Kmart chains.
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South America’s largest retailer selects SAP solution to help manage carbon emissions and energy consumption
New York City -- The Grupo Pao de Acucar, the largest retailer in South America, has selected the SAP Carbon Impact OnDemand solution to monitor and manage carbon emissions and energy consumption in each of its 1,832 stores. The solution, from SAP, will help the group, long recognized as a sustainability leader for retailers both in Latin America and globally, to more effectively control greenhouse gas (GHG) emissions and increase the data quality of environmental reports submitted to financial and sustainability regulatory agencies.