Sears (SHLD) takes another hit after CIT Group says it will stop factoring accounts payable for...

|About: Sears Holdings Corporation (SHLD)|By:, SA News Editor

Sears (SHLD) takes another hit after CIT Group says it will stop factoring accounts payable for it - cutting off a source of ready cash flow for the embattled retailer. The latest word from Sears is that it sits on $4.2B in liquidity at the end of Dec. including $900M in cash.