Photo of a Sears store slated for closing

Sears Files for Chapter 11 Amid Plunging Sales, Massive Debt

NEW YORK — Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business. "This is a company that in the 1950s stood like a colossus over the American retail landscape. Hopef...