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US retailer Sears files for bankruptcy NEWS.com.au Shareholders generally lose their investment when a company files for bankruptcy, and the fate of Sears itself will depend on the willingness of creditors and suppliers to keep the company afloat. Shares in Illinois-based Sears closed at about 41 US … Sears, once the largest retailer in the world, is closing hundreds of stores and reportedly planning to file for …Business Insider Australia all 681 news articles » |