On the heels of one of the most successful years in National Geographic magazine’s 130-year history, the iconic print publication is introducing (video HERE) a bold new redesign, with new visual story forms, thought-provoking essays, and even more stunning photography. The May issue, on print newsstands April 24 and available online at ngm.com, explores and illuminates the frontiers of our world, from the depths of the ocean to the frontlines of culture, always with an eye for understanding the people, places, and ideas that shape our planet. Through dynamic new sections, type faces, premium paper stock, and more of the breathtaking photography that has engaged audiences for over a century, the iconic yellow border will continue to offer a portal to the farthest reaches of the Earth and beyond. Click Read More below for additional information.
Sears Holdings has rejected Chairman Eddie Lampert’s bid to save the 126-year-old company, setting the storied retailer with more than 50,000 employees on a path to liquidation, people familiar with the situation told CNBC on Tuesday. Sears, which also owns Kmart, planned to announce its liquidation plans Tuesday morning, the people said. Lampert had put forward a $4.4 billion bid to save Sears by buying it out of bankruptcy through his hedge fund, ESL Investments. His offer, however, was deemed insufficient by Sears’ advisors, the people said. One of the biggest unresolved issues was covering the fees and vendor payment it owes, making it “administratively insolvent.” Still, ESL plans to protest Sears’ decision, a person familiar with the situation told CNBC.