Edward Lampert's Sears rescue bid is still alive, as lawyer says an auction for the company is set to go ahead on Jan. 14
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Edward Lampert Scrambles to Keep Sears AliveThe hedge-fund manager huddled with his advisers over the weekend to revamp his $4.4 billion offer to buy the business out of bankruptcy, after Sears’s directors said they didn’t consider the bid a qualified offer.
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Sears’ Edward Lampert sweetens his bid to keep stores open, source saysSears is teetering on the edge of liquidation. Some of the company's creditors feel it is worth more to them dead than alive.
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Edward Lampert’s $5 Billion Sears Rescue Under Scrutiny as Auction NearsHe added no new cash, asked for more real estate and other goods and beefed up promises to take on bills owed to suppliers, landlords, tax authorities and others.
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Sears to Stay Open, After Edward Lampert Prevails in Bankruptcy AuctionThe hedge-fund manager succeeded in a last-ditch effort to keep the 126-year-old retailer alive. His $5 billion offer beat a competing bid to liquidate the company.
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Macau gambling revenue grows 14 percent in 2018, shrugging off trade war fearsAsian gambling enclave Macau finished 2018 on a strong note, shaking off China's slowing economy and concerns over the trade war with the United States.
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