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Icahn outlines six ‘facts’ in new EBay letter
New York – Billionaire investor Carl Icahn, who released an open letter criticizing the board of EBay for conflicts of interest on Feb. 24, has released a second open letter outlining what he calls six facts about questionable decisions by the current EBay board.
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Sears narrows loss in fourth quarter
As far as sales go, Sears Holdings didn’t have a very happy holiday. But the company was still able to narrow its loss for the fourth quarter, as it lowered expenses and reduced inventory.
The company said the costs of transforming into a member-centric retailer using an integrated online platform and the omnichannel Shop Your Way membership program fueled its net losses. It attributed declining revenues to lower same-store sales and having fewer stores in operation.