Company: CIT Group Inc

Retail needs to adapt or die. That was the call to action sounded by Eddie Lampert, founder of ESL Partners, which controls about 60 percent of Sears Holdings, in an interview with CNBC Wednesday. In a rare media appearance, Lampert said the changes in the retail industry have been great for the consumer, but there is a question about whether it has been great for business.    Read More

As a result of the financial crisis, Wall Street has taken a beating on reputation, on pay and on layoffs. At the same time, with a series of hot initial public offerings culminating in Facebook’s planned issue, Silicon Valley has developed a new allure.    Read More

Sears Holdings jumped as much as four percent on Monday following a report that Goldman Sachs and some of its clients need the stock to continue climbing to keep their investment in the hedge fund of Eddie Lampert, the retailer’s chairman, in the black.     Read More