GARDEN STATE SEARING: New Jersey officials said Monday that Sears, Roebuck & Co. is one of four companies the state plans to sue for massive pension fund losses. At a press conference, Gov. Jim McGreevey and other state officials said New Jersey will...
GARDEN STATE SEARING: New Jersey officials said Monday that Sears, Roebuck & Co. is one of four companies the state plans to sue for massive pension fund losses. At a press conference, Gov. Jim McGreevey and other state officials said New Jersey will bring a securities class-action lawsuit against the retailer and some of its officers and directors alleging that the defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market between Jan. 17 and Oct. 17. Along with Sears, New Jersey plans to bring suits against Tyco International Ltd., Qwest Communications Inc. and Electronic Data Systems for allegedly causing more than $150 million in state pension system losses. The state’s fund lost more than $6 billion last quarter, and more than $20 billion over the past three years.
ALL EYES ON STELLA: Gucci Group and Safilo Group, the Italian eyewear manufacturer, aren’t wasting time when it comes to developing branded sunglasses. After Bottega Veneta, it’s Stella McCartney’s turn. She will launch an initial sunglass collection comprising six styles, which will bow globally next spring. Details on prices and distribution were not available.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)