Lampert Lends Sears Another $500m Amid Ongoing Losses

(New York Post) US shoppers may not be spending their hard-earned dough in Sears and Kmart, but owner and chief executive Eddie Lampert can’t seem to spend enough on the incredibly shrinking chains.On Wednesday the hedge fund mogul agreed to lend Sears Holdings $500 million via his ESL Investments fund — on top of a $200 million credit line ESL extended to Sears Holding last week…

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