Sears says it is spinning off outlet, hometown and hardware stores. The deal is expected to help the company raise up to $500 million. It's also selling some of its other properties in a separate deal.
This comes after Sears said in December it would close about 100 stores after an abysmal holiday shopping season. Transcript provided by NPR, Copyright NPR.
It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.
President Obama put tax reform back on the table this week. He called for changes to the corporate tax system. Tax rates would go down for companies, deductions would go away - many of them, and companies with overseas operations would find it a little harder not to pay.
New Hampshire, one of the least religious states in the nation, has become the latest front in the political battle over contraception. State GOP leaders oppose the new federal rule compelling insurers to provide birth control to employees of religious organizations. They want to change a 12-year-old state law that requires contraceptive coverage under insurers' prescription drug policies.
It's hard to miss the politics fueling state House Speaker William O'Brien's push to carve out a religious exemption from the contraception mandate.