Latest Business Headlines & Breaking News

The following is a roundup of the latest business headlines and breaking news.

Sears to close more stores, including in Southaven, Mississippi

Sears is closing more stores, including in Southaven, Mississippi.

Sears has already closed hundreds of stores this year and still has several hundred open. The company has been struggling with bankruptcy and store closures for years as it competes against online retailers like Amazon.

The Southaven store is one of four Kmart locations set to close on November 9th; another four Sears locations will shut down on December 31st if they’re not sold before then

Facebook faces a record $5 billion fine, but it’s not all bad news

Facebook is facing a record $5 billion fine from the European Union, but it’s not all bad news.

The social media company has been hit with a penalty related to its involvement with Cambridge Analytica and its handling of user …