Pursuits
Sears Falls After Vendor Loans Are Said to Be Halted by CIT
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Sears Holdings Corp. declined after two people familiar with the situation said suppliers will no longer be able to get loans or payment guarantees from CIT Group Inc. for their shipments to the retailer.
Sears fell 4.8 percent to $31.33 at 11:54 a.m. in New York. The Hoffman Estates, Illinois-based company’s shares dropped 56 percent last year.