Kmart Fined $32.3 Million Over Rx Drug Fraud
The case arose from a whistleblower who alleged Kmart was overcharging Medicare customers for generic drugs.
Sears Loses $395M in Another Grim Quarter
The retailer's same-store sales dipped 5.2% and it is getting another $300 million in financing from CEO Edward Lampert's hedge fund.
Sears Posts Loss; CFO Resigns
Revenue fell 8.3% to $5.39 billion, primarily driven by a 6.1% decline in comparable store sales during the first quarter.