General Electric Capital Corporation

West Hempstead-based discount chain National Wholesale Liquidators held an auction yesterday to sell all of its assets less than a month after filing for bankruptcy protection. The founding family that has been running the chain and its parent company,...

West Hempstead discounter National Wholesale Liquidators, which filed for Chapter 11 bankruptcy protection this week, could end up liquidating its assets if it doesn't find a buyer in less than two weeks. To obtain $7 million in debtor-in-possession...

General Electric Co., the industrial powerhouse that makes everything from jet engines to light bulbs, cut its earnings forecast for the year yesterday, blaming volatile financial markets that have damaged the profitability of its loan and lease business,...

June was a wheeling-and-dealing kind of month for Kmart Holding Corp. Chairman Edward Lampert. In two separate deals, his discount chain sold 78 stores to Sears, Roebuck and Co. and Home Depot Inc. for nearly $1 billion. Not a bad start to the summer...

Telecommunications giant WorldCom Inc. won approval Tuesday to borrow up to $1.1 billion to continue operations while it sorts out a plan to emerge from bankruptcy protection, and indicated that its financial health had improved significantly. WorldCom,...