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Eddie Lampert

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  • TORONTO/ CHICAGO, Sept 25- The turnaround specialist who had signed on to run Sears Holdings Corp's Canadian business is resigning for personal reasons, the struggling U.S. retailer said on Thursday, the same day a major shareholder said it was no longer interested in contributing to a loan.

  • UPDATE 2-Sears Canada CEO to step down by year-end Thursday, 25 Sep 2014 | 3:59 PM ET

    Sears Canada, which is majority-owned by Sears Holdings Corp, is facing intense competition and has seen its market share erode for years. Campbell's departure comes the same week that the New York Post reported that Sears Holdings' efforts to sell its 51 percent stake in Sears Canada failed to garner any acceptable bids.

  • The company, controlled by hedge fund manager Eddie Lampert, said quarterly revenue fell 9.7 percent, reflecting the impact of the separation of its Lands' End clothing business, store closures and sales declines at Sears Canada Inc..

  • Sears posts loss for ninth straight quarter Thursday, 21 Aug 2014 | 6:22 AM ET

    Aug 21- Sears Holdings Corp, owner of Sears department stores and Kmart discount chain, reported its ninth straight quarterly loss as sales continued their decade-long fall. Loss attributable to shareholders widened to $573 million, or $5.39 per share, in the second quarter ended Aug. 2 from $194 million, or $1.83 per share, a year earlier.

  • UPDATE 1-Sears Canada reports loss, revenue slides 12 pct Wednesday, 20 Aug 2014 | 8:08 AM ET

    Aug 20- Struggling department store chain Sears Canada Inc reported its ninth loss in 14 quarters as sales continued to decline. Hedge fund billionaire Eddie Lampert and his Sears Holdings Corp said in May they were looking to sell their 51 percent stake in Sears Canada.

  • NEW YORK, June 6- Sears Holdings Corp's controlling shareholder Eddie Lampert met with Ford Motor Co CEO Alan Mulally earlier this year to seek advice on how to turn around the ailing retailer, two sources familiar with the matter said.

  • Shares of the company, which operates Sears department stores and the Kmart discount chain, fell 7 percent in premarket trading. The retailer operated 1,980 Sears and Kmart stores in the United States as of February.

  • Sears posts bigger loss as sales slide Thursday, 22 May 2014 | 6:10 AM ET

    May 22- Sears Holdings Corp posted a bigger loss for the first quarter as the struggling retailer failed to arrest the fall in sales despite offering heavy discounts to woo shoppers. The company, which operates Sears department stores and the Kmart discount chain, said revenue fell 6.8 percent to $7.88 billion.

  • *Sears Holdings says it may put Sears Canada up for sale. Sears Holdings, which operates more than 2,300 stores in the United States and Canada, said it will hire an investment bank to explore options for its share of Sears Canada. The move comes as Sears Holdings, which operates Sears and Kmart discount stores, tries to engineer a turnaround.

  • *Sears Holdings says it may put Sears Canada up for sale. May 14- Sears Holdings Corp said on Wednesday that it was considering the sale of its 51 percent stake in Sears Canada Inc, a move that could mean all of the Canadian department store operator goes up for sale.

  • May 14- Sears Holdings Corp said it was looking to sell its 51 percent stake in Sears Canada Inc and could even put the whole Canadian department store operator up for sale. Shares of Sears Holdings, controlled by hedge fund billionaire Eddie Lampert, rose 8 percent to $46.48 in premarket trading.

  • Sears to spin off Lands' End business Friday, 6 Dec 2013 | 7:14 AM ET

    Sears Holdings said Friday that it will spin off its Lands' End clothing business as a separate company by distributing stock to the retailer's shareholders.

  • Sears Shares Skid After Bigger Loss Than Expected Thursday, 23 May 2013 | 5:38 PM ET

    The department-store chain saw its loss more than quadruple — a big miss compared to what analysts had expected. Revenue, however, beat. Shares fell sharply after-hours.

  • Top 10 Hedge Fund Titans Haul in Big Paychecks Monday, 15 Apr 2013 | 8:44 AM ET
    David Tepper, founder of Appaloosa Management

    Several hedge fund leaders who had giant paydays last year earned their riches the old-fashioned way: by posting big returns on their investments. The New York Times reports.

  • Box Stores Must Find Way to Adapt: Analyst Wednesday, 4 Apr 2012 | 5:42 PM ET

    Best Buy's decision to close 50 of its U.S. stores and focus on its Geek Squad service company through 100 small mobile locations in fiscal 2013 is the latest example of how the "big box" is struggling against digital competition.

  • Low Rates Are Pushing Investors Into Stocks: Lambert Wednesday, 4 Apr 2012 | 12:24 PM ET

    "Risk is coming back into the markets," Eddie Lampert told CNBC. "People are willing to put their money at risk. They want a return on their money rather than just a return of their money. "

  • Influential investors Eddie Lampert and David Bonderman share their thoughts on the U.S. economy and markets, in this excerpt from a Squawk Box appearance honoring dealmaker Richard Rainwater.

  • Greenberg: Is the New Sears CEO a Joke? Thursday, 24 Feb 2011 | 7:46 AM ET

    The knee-jerk reaction is that hiring a non-merchant after a three-year search is just another shake-your-head moment in the recent history of Sears.