Liquidation

WH Economic Adviser Says Trump Tariffs Have Nothing to Do With His Departure  The Daily Beast

REUTERS/Jonathan Erns Kevin Hassett told CNBC Squawk Box that the Trump administration’s tariffs on China and Mexico have nothing to do with his departure as the chairman of the White House Council of Economic Advisers. Trump, who is on a three-day state visit to the U.K.

Contract auto industry contractors cut first in 'business model of the new normal'  Detroit Free Press

A contract job might lead to a full-time permanent gig at an automaker, but more likely than not, it will be the first job cut when lay offs strike.

Eddie Lampert's Company to Buy the Rest of Sears Hometown, Outlet Stores  The Wall Street Journal

The parent company of Sears and Kmart stores, controlled by former Sears Holdings Corp. Chief Executive Eddie Lampert, has agreed to buy the rest of Sears Hometown and Outlet Stores Inc.’s shares outstanding that Mr. Lampert’s hedge fund doesn’t already own.

Textile boss handed bankruptcy restrictions after abusing funds  GOV.UK

Textile boss who diverted half a million pounds of company funds for his own benefit has accepted seven years of additional bankruptcy restrictions.

Dealers Invested Thousands in the Now-Postponed Art Nashville Fair. Now They Want Their Money Back—But Organizers Say They Already Spent It  artnet News

The Art Nashville fair was supposed to introduce dealers to a fast-growing new audience. Instead, it created an enormous headache.