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Reality sets in at Eddie Lampert's Sears, with another $1 billion due

Few people on Wall Street believe in Eddie Lampert like Eddie Lampert.

Thirteen years after merging Sears, one of America’s most iconic retailers, with the budget Kmart chain, the hedge-fund billionaire is moving — again — to salvage what he can. 755 more words

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Sears CEO Offers to Buy Kenmore, Other Units of The Once Proud Retail Line (The Amazon of the 20th Century)

Eddie Lampert’s hedge fund willing to buy businesses after Sears fails to find other buyers

A Sears store in Schaumburg, Illinois. Sears CEO Eddie Lampert’s hedge fund is pushing for spinoff of Kenmore.  387 more words

Sears, Delta Air Lines say customer payment information breached in cyberattack

Department store chain Sears Holding Corp and Delta Air Lines Inc said on Wednesday some of their customer payment information may have been exposed in a cyber security breach at software service provider [ 24]7.ai. 188 more words

FP Tech Desk

Sears retirees seek trustee to help recoup part of $3 billion in dividends paid to shareholders

TORONTO — Sears Canada creditors could be a step closer in their attempt to recoup some of the $3 billion in controversial dividends paid out to the company’s shareholders — most notably, Sears Holdings Corp. 775 more words

Retail & Marketing

Sears Cuts of Jobs Means it Doesn't Qualify for Tax Breaks

HOFFMAN ESTATES, Ill. (AP) – Officials of the Illinois Department of Commerce and Economic Opportunity say Sears Holdings’s elimination of 400 jobs means the company no longer qualifies for state tax breaks. 144 more words

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