Sears Posts $454 Million Third-Quarter Loss as Sales Slump
Sears Holdings Corporation, the retailer chain store, run by hedge-fund manager Edward Lampert, posted a $454 million third-quarter loss as its shrinking store base hurt sales. Illinois-based More...
LI’s James Simons’ $1.2 billion earnings put him at No. 2 in 2014 hedge fund ranking
The top 25 hedge fund managers earned $11.6 billion in compensation in 2014, an average of $400 million each, even as hedge funds overall posted a mediocre year. A survey by trade publisher Institutional More...
Sears Holdings May Be Putting Subsidiary Sears Canada On The Block For Sale
– – Sears Holdings the giant US retailer, and as American as apple pie seems to be losing the war with its competitors, both brick and mortar and online. Sears Holdings Corporation put out More...
David Tepper’s Flagship Palomino Fund Up 38% YTD
– – A month ago hedge fund manager Devid Tepper, co-founder of Appaloosa Management, donated US$67 million to his alma mater Carnegie Mellon University. Now Institutional Investor reports More...
Edward Lampert’s Plan To Re-Organize Sears Begins To Take Shape
– Lampert had his work cut out to turn the ailing department chain’s fortunes around when he took over the post of CEO earlier this year – now the buck stops with him. – Edward S. “Eddie” More...