Sears Holdings, which owns the Sears and Kmart brands, reported yet another huge loss in the second quarter — $508 million, about twice as much as it lost a year earlier. Sears had planned to report earnings before the market opened on Thursday but missed its own deadline and reported after the closing bell instead. Investors, nervous about the delay, had sent shares of Sears Holdings (SHLD) down 9% during the trading day. "We continue to believe that Sears can successfully evolve into a smaller but profitable company." Sears Holdings has been hemorrhaging money for years.

Source: CNN September 13, 2018 15:56 UTC