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IN BRIEF.(TO THE POINT)
Morgan Stanley may have to write down more than $1 bil in assets since the investment bank has been unable to sell its aircraft leasing unit after trying for over a year, sources said.
Sears is selling its 24% stake, or 8.42 mil shares, in Advance Auto Parts. The auto parts retailer said CEO Lawrence Castellani will sell 160,000 shares.
Chiquita will close two vegetable canneries in Wisconsin and another in Oregon as part of its bankruptcy reorganization plan. The move will cut 150 jobs.
Six Continents Hotels overcharged by 100 times as many as 26,000 people who ...
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