Sears has announced plans to spin off Lands' End and sell its auto centers, a deal that one analyst estimates could be worth as much as .5 billion.But the company has about .8 billion in long-term debt.Sears' struggles are taking a bite out of Lampert's fortune.He was forced to reduce his stake in Sears to under 50 percent because of redemptions from hedge fund clients.30, its long-term prospects aren't going to improve anytime soon.My Space Yes, My Space, once the dominant social network, still exists.We're not predicting that they will go out of business tomorrow, or anytime soon. Martha Stewart Living Omnimedia Martha Stewart's media empire has been circling the drain for years as the diva of domesticity's popularity fades.Stewart has proven far more adept at fashioning crafts than at developing a coherent, successful corporate strategy.
Those cuts helped the company post better-than-expected third-quarter results, but unless Mattrick can position Zynga for success in mobile, he's going to have problems gaining traction.
During the company's third quarter, its only profitable business was merchandising.
Even those profits may be in jeopardy as the company has had to revise its partnership with J. Penney after being caught in the middle of a nasty battle between that retailer and Macy's.
For players of Words With Friends, that would be like having only O's and U's.
New CEO Don Mattrick, the former head of Microsoft's Xbox business, was brought on in July to put some zing back in the game-maker.
It was acquired in 2011 by a group of investors including Panasonic and singer/actor Justin Timberlake.