Eddie Lampert wins court approval to buy Sears out of bankruptcy and save 45,000 jobs (SHLD)

Sears' chairman, Eddie Lampert, has won court approval to buy Sears out of bankruptcy and keep the 126-year-old retailer from liquidating. Sears' deal with Lampert will keep about 400 stores open and retain 45,000 jobs. "While there is no doubt that a shrunken Sears will be more viable than the larger entity which struggled to turn a profit, we remain extremely pessimistic about the chain's future," said Neil Saunders, the managing director of GlobalData Retail. A bankruptcy judge on...