Sears Avoids Liquidation, Stores To Remain Open After Chairman Wins Auction With $5.2 Billion Bid

CHICAGO (CBS/AP) --A last-minute reprieve for Sears, after the retailer's former CEO made the winning takeover bid in a bankruptcy auction. Sears chairman Eddie Lampert won the bankruptcy auction, ... Read More

Sears Wins Reprieve From Liquidation as Chairman Lampert Makes Last-Minute $4.4 Billion Bid on Bankrupt Company

Department store chain Sears won a reprieve from liquidating Friday after its chairman, Eddie Lampert, submitted a $4.4 billion bid in an effort to buy the retailer and keep it alive. Lampert's hedge ... Read More

Sears gets reprieve for another week

After a flurry of last-minute negotiations, Sears, which filed for bankruptcy protection in October, will live on for at least another week. The deal, announced Tuesday at a Bankruptcy Court hearing, ... Read More

Sears gets another reprieve from liquidation

Sears received another lifeline Tuesday when the company's chairman and largest shareholder promised to line up the necessary financing to keep the struggling department store chain afloat. The ... Read More

Sears gets another reprieve from liquidation

Sears received another lifeline Tuesday when the company's chairman and largest shareholder promised to line up the necessary financing to keep the struggling department store chain afloat. The ... Read More

Sears gets another reprieve from liquidation

NEW YORK — Sears is getting another reprieve from liquidation after its chairman and largest shareholder revised his bid to save the iconic brand. The Hoffman Estates, Illinois-based retailer says it ... Read More