Edward Lampert

Edward Lampert News

  • Lampert Uses $393 Million in AutoNation for Redemptions

    Edward Lampert used $393 million of shares in AutoNation Inc. to meet client redemptions from his main hedge fund, whose investment in Sears Holdings Corp. has led to volatile returns.

  • Sears Gets New Hearing in Bid to Stop Moldy-Washer Suit

    Sears Holdings Corp. won a round in a legal clash over moldy washing machines, as the U.S. Supreme Court ordered reconsideration of a decision letting consumers in six states press a class-action suit against the retailer.

  • Lampert Loses $467 Million After Sears Stock Plunges

    Edward Lampert, the hedge-fund manager who took over as chief executive officer of Sears Holdings Corp. this year, saw the value of his controlling stake fall $467 million today after a first-quarter loss at the retailer prompted the biggest stock decline in six months.

  • Sears Plunges After $279 Million Quarterly Loss

    Sears Holdings Corp. fell the most in six months after posting a $279 million first-quarter loss that Chairman and Chief Executive Officer Edward Lampert said he needs to reverse to transform the department-store chain.

  • Most U.S. Stocks Fall as Investors Weigh Data, Stimulus

    Most U.S. stocks fell after paring early losses for a second day, as investors weighed prospects of economic growth with concern the Federal Reserve will reduce stimulus efforts.

  • U.S. Stocks Pare Early Losses as Commodities Extend Slump

    U.S. stocks recovered from early losses for a second day as investors weighed prospects of economic growth with concern the Federal Reserve will reduce stimulus efforts. Japanese shares rebounded from their largest drop since 2011, while commodities fell for a fourth day.

  • Sears Bonds Drop Below Par After $279 Million Quarterly Loss

    Bonds of Sears Holdings Corp. plunged to less than par after the retailer controlled by hedge-fund manager Edward Lampert reported a $279 million first-quarter loss.

  • Lampert’s RBS Hedge Fund Cuts Stake in Genworth, Sells Safeway

    Edward Lampert, the billionaire chairman and chief executive officer of Sears Holdings Corp., reported that he and his hedge fund cut a stake in Genworth Financial Inc. by almost a third and sold its holdings in Big Lots Inc. and grocer Safeway Inc.

  • Lampert Gains $160 Million on Sears Shares

    Edward Lampert, the hedge fund manager who controls Sears Holdings Corp., has more than $160 million in paper profits on shares of the retailer acquired last month from a long-standing client, the Ziff family.

  • Sears Says Lampert Will Remain as CEO, Earning $1 Salary

    Edward Lampert, the billionaire hedge-fund manager who controls Sears Holdings Corp., agreed to remain the retailer’s chief executive officer with a $1 annual salary after taking over last month amid slumping sales.

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