Iconic US retailer Sears saved from the brink - for now: reports
Sears got a lifeline that may keep some stores in the struggling chain alive/ Sears got a lifeline that may keep some stores in the struggling chain alive (AFP Photo/SPENCER PLATT)/ Washington (AFP) - Historic but failing US retail chain Sears got a reprieve on Wednesday after a billionaire hedge fund manager won an auction to keep the remaining stores alive -- for now, according to reports. Edward Lampert, who steered the company into bankruptcy last year in order to restructure it, won the bid to buy the remaining assets, beating out ...
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