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U.S. agency seeks approval to take over Sears pensions

NEW YORK (Reuters) – A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert’s proposed $5.2 billion buyout of the bankrupt retailer.... More »

Sears looks to boost Kenmore and Craftsman brands with new hire

Sears Holdings Corp (SHLD.O) named a former Johnson & Johnson (JNJ.N) executive to a new position as president of “hardlines” as the struggling retailer tries to stem the declining market positions of the Kenmore, Diehard and Craftsman brands. The new executiv... More »