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Biz Links: Top 10 local business stories

From Business Today:

HSBCElmwood

The sale of HSBC's upstate New York branches ranks number one in our list of the year's top business stories.

The Statler's survival and the collapse of the Steven J. Baum foreclosure firm followed in the second and third spots. Do you agree with our rankings?

 

Kmart

 

Sears Holdings Corp. will try to revive the company by closing up to 120 Sears and Kmart stores around the country, the company announced Tuesday

Nothing has been revealed yet about which stores are on the chopping block, but retail expert and Buffalo native Burt Flickinger has some ideas about which ones here might go

Foreclosure

HSBC Bank USA has been fined $10,000 for trying to seize a home without proper paperwork. A state Supreme Court justice fined the bank for "frivolous conduct" for using robosigning and making false statements. HSBC said it didn't handle the loan in question, but was only responsible for administering the mortgage investment trust that included the loan.

Who is getting hired, promoted and honored?

How could Kmart be in trouble when it's got such great commercials?

 

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