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| April 18, 2019

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Eddie Archives -

Sears gets to stay in business: Bankruptcy judge OKs Eddie Lampert’s plan

February 11, 2019 |

A bankruptcy judge has blessed a $ 5.2-billion plan by Sears’ chairman and biggest shareholder to keep the iconic business going.

The approval means roughly 425 stores and 45,000 jobs will be preserved.

Eddie Lampert’s bid through an affiliate of his ESL hedge fund overcame opposition from a group…


L.A. Times – Business

Sears dodges another bullet as Eddie Lampert wins bankruptcy auction

January 16, 2019 |

Sears Chairman Eddie Lampert has won a bankruptcy auction for the retailer with a plan that will keep the company in business and seek to save tens of thousands of jobs, according to a person with knowledge of the discussions.

Lampert’s bid prevailed over competing proposals from liquidators that…


L.A. Times – Business

Eddie Lampert sweetens his bid for Sears again, sources say

January 16, 2019 |

Sears Holdings Corp. Chairman Eddie Lampert presented a new bid Tuesday that included some concessions as talks to save the bankrupt retailer from liquidation continued, according to people with knowledge of the discussions.

The new offer — made by ESL Investments, Lampert’s hedge fund — includes…


L.A. Times – Business

Sears’ Eddie Lampert gets another chance to try to buy the company

January 9, 2019 |

Eddie Lampert will get another shot at rescuing Sears Holdings Corp. from liquidation.

The Sears chairman and former chief executive must put up $ 120 million by Wednesday to get a chance to take part in an auction against other bidders, Ray Schrock, Sears’ lead attorney, said at a court hearing…


L.A. Times – Business

Sears’ Eddie Lampert gets more time for his bid to buy the company

January 8, 2019 |

Sears Chairman Eddie Lampert’s push to buy the bankrupt retailer and save it from liquidation still has a shot to succeed.

Lampert’s bid to acquire Sears’ assets in hopes of keeping the retailer in business and preserving as many as 50,000 jobs will be considered at a bankruptcy auction next week,…


L.A. Times – Business

TMZ

Eddie Murphy Takes Christmas Family Photo with His 10 Kids, Including Newborn Son

December 27, 2018 |

Eddie Murphy’s family tree was on full display this Christmas … and he looked like a proud papa right in the center of it. The comedian was encircled by his 10 children Tuesday in a holiday family photo that included his fiancee, Paige Butcher,…

TMZ.com

Eddie Murphy Welcomes His 10th Child

December 4, 2018 |

Eddie Murphy and his fiance Paige Butcher have a new baby boy. The couple released a statement through Murphy’s publicist Monday saying Max Charles Murphy was born Friday and weighed 6 pounds, 11 ounces. The boy’s middle name is a tribute to Murphy’s older brother and fellow comedian Charlie Murphy,…
Newser

Sears CEO Eddie Lampert rode the worst trade of his life all the way down

October 13, 2018 |

Bit by bit, the smart money deserted Eddie Lampert.

Michael Dell, David Geffen, George Soros, the Ziff brothers — by 2012, all of them, and many more, had peeled away.

Not even Lampert’s friends could understand why the hedge fund manager, once hailed as a young Warren Buffett, clung to his spectacularly…


L.A. Times – Business

Eddie Lampert’s Sears plan would hand his hedge fund $1 billion

October 1, 2018 |

Eddie Lampert’s hedge fund has a new plan for cutting Sears debt. The main beneficiary would be Eddie Lampert’s hedge fund.

Lampert, Sears Holdings Corp.’s chief executive officer, called this week for the underperforming retailer to stanch the bleeding by paying off certain loans — many of them…


L.A. Times – Business

Baby No. 10 on the Way for Eddie Murphy

August 28, 2018 |

Eddie Murphy will soon have enough kids to field a lacrosse team. A rep for the 57-year-old actor confirms he’s expecting his tenth child and second with partner of six years, Australian actress Paige Butcher, who is 10 years older than Murphy’s eldest son, People reports. She previously gave birth…
Newser