Sears files for Chapter 11 amid plunging sales, massive debt

NEW YORK (AP) — Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business.

The question now is whether a smaller version of the company that once towered over the American retail landscape can be viable. Sears, which started as a mail order catalog in the 1880s, has been on a slow march toward extinction as it lagged far behind its peers and incurred huge losses over the years.

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Governor Murphy’s economic plan boasts new jobs, higher pay for minorities

NUTLEY — Governor Murphy unveiled his “economic master plan” today that promises stronger and fairer possibilities for everyone.

Gov. Murphy hopes the New Jersey economy will become a hub for financial growth and promise for entrepreneurs and new businesses.

“Where we once led, we now lag. Where we once prided ourselves in a vibrant and growing middle class, we now have a gaping void too wide for countless working families to bridge to get into the middle class,” says Gov. Murphy.

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