1. Articles from hcpeterson

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    1. Sears Avoids Liquidation as Eddie Lampert Wins Bankruptcy Auction

      Sears Avoids Liquidation as Eddie Lampert Wins Bankruptcy Auction
      • Sears chairman Eddie Lampert has reportedly won a bankruptcy auction to keep the 126-year-old retailer from liquidating.
      • Lampert's bid will keep about 400 stores open and retain 50,000 jobs.
      • "While there is no doubt that a shrunken Sears will be more viable than the larger entity which struggled to turn a profit, we remain extremely pessimistic about the chain's future," said Neil Saunders, CEO of GlobalData Retail...
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    2. Eddie Lampert Sweetens Sears Bid by $600 Million Ahead of an Auction That Will Decide the Company's Fate

      Eddie Lampert Sweetens Sears Bid by $600 Million Ahead of an Auction That Will Decide the Company's Fate
      • Sears Chairman Eddie Lampert on Wednesday boosted his takeover bid to $5 billion, up from $4.4 billion.
      • Lampert's new proposal will be assessed against competing parties' bids at an auction scheduled for Monday.
      • Lampert's offer is the only one that would avoid a liquidation.

      Sears Chairman Eddie Lampert has sweetened his bid for the company's assets in a final attempt to avoid a liquidation...

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    3. 'I've decided to step down as CEO': Eddie Lampert sends email to Sears employees after the company files for bankruptcy (SHLD)

      'I've decided to step down as CEO': Eddie Lampert sends email to Sears employees after the company files for bankruptcy (SHLD)
      • Eddie Lampert sent an email to Sears employees on Monday announcing the company's bankruptcy filing.
      • "I’ve decided to step down as CEO," Lampert wrote. "Know that this does not change my commitment to Sears Holdings, and I will continue to be actively involved as chairman of the board of directors."
      • Lampert attributed the company's bankruptcy filing to "a difficult retail environment, unsatisfactory operating performance, and legacy liabilities impacted by historically low interest rates."...
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    4. Chipotle Executive Making $4.3 Million a year Arrested on Charges of Cocaine Possession

      Chipotle Executive Making $4.3 Million a year Arrested on Charges of Cocaine Possession

      A senior Chipotle executive has been arrested and charged with seven counts of cocaine position.  Chipotle Chief Marketing and Development Officer Mark Crumpacker was one of 18 "repeat customers" charged last week with allegedly buying cocaine from a drug-delivery service that operated out of Manhattan's Lower East Side...

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    1-4 of 4
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