CEO: SEARS SHOULD SELL REAL ESTATE

The hedge fund owned by Sears Holdings Corp. CEO Eddie Lampert is urging the retailer’s board to sell more of its real estate and restructure its debt, as it seeks to avoid bankruptcy.

ES Investment Hedge Fund said Monday that Sears should sell $1.5 billion more in real estate and restructure $1.1 billion in debt, according to the filing with the Securities and Exchange Commission.

The Hoffman Estates, Illinoisbased operator of Sears and Kmart, has closed hundreds of stores as it burns through money amid sagging sales.

Apple, Salesforce teaming up on mobile apps for business.

Customer relations software company Salesforce says it will join with Apple to create new business apps exclusively for iPhone and iPad.

Salesforce said Monday the partnership will focus on three areas: apps for industry and small business to improve customer relations; enabling businesses and developers to create Salesforce apps for iPhone and iPad; and promoting developer career growth by teaching anyone how to build iOS apps.

The “Get Started with iOS Development Trail” app is available now, while the others will roll out later this year and in early 2019.

Uber, Grab fined for “anticompetitive” merger.

» Singapore’s competition watchdog has fined ridehailing giant Uber and its regional rival Grab 13 million Singapore dollars ($9.5 million) for a merger in Southeast Asia that the agency says has driven up fares and reduced competition in the market.

The Competition and Consumer Commission of Singapore said Monday that Uber’s sale of its regional business to Grab in March violated the Competition Act.

UK’s Labour opposition says it might back new Brexit vote.

LONDON» Britain’s main opposition party took a step at its annual conference toward backing a new referendum on Brexit — but stopped short of saying the vote should include an option not to leave the European Union at all.

Delegates at the Labour Party conference in the northwestern English city of Liverpool will debate a motion Tuesday saying that if Parliament rejects the government’s Brexit deal, “Labour must support all options remaining on the table, including campaigning for a public vote.” — Denver Post wire