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Wednesday, April 7, 2010 as of 11:14 AM ET

Edward Lampert

Edward S. "Eddie" Lampert (born July 19, 1962) is an American businessman and investor. He is the chairman of Sears Holdings Corporation (SHLD) and founder, chairman, and CEO of ESL Investments.

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What the Big Guns are Doing

Big gun investors John Paulson, Steve Cohen, Anton Schutz and Eddie Lampert all made surprising investment moves this past quarter that investors may want to take note of, according to Wall Street research shop SNL Financial.

While hedge fund manager Paulson ditched financials, we already told you that George Soros is buying them (see Emac's Bottom Line, "Soros Dumps Google and Apple, Buys Banks" )Add Anton Schutz's Mendon Capital to the bulls on the banks, as his shop doubled its JPMorgan (NYSE:JPM) stake in the first quarter. SNL has more detail you won't want to miss:PAULSON CUTS BACK ON U.S. FINANCIALSClosely watched John Paulson is the hedge fund manager famous for making smart bets against the U.S. subprime mortgages in 2007. He's hit a rocky patch, with some of his funds dropping by a third to a half, notably due to investments in gold, which have sunk into the red.And now his fund, Paulson & Co., has taken a big scissor to holdings of U.S.-based financial services stocks in the ...

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  1. Lender Shies Away From Slumping Sears

    Shares of Sears Holdings (NASDAQ:SHLD) retreated Thursday morning following reports that key commercial lender CIT Group (NYSE:CIT) has stopped financing loans from ...

  2. Former Brookstone CEO to Become Sears' Merchandising Chief

    Sears Holdings Corp named former Brookstone Inc chief executive Ron Boire as its chief merchandising officer as it tries to tackle criticism that it did not have eno...

  3. As Sales Stumble, Sears' Future Grows Murky

    While many retailers celebrated a successful 2011 holiday season, Sears, now viewed as an older, shabbier, brick-and-mortar store well out of its prime, finally had ...

  4. S&P Warns of Sears Downgrade

    Standard & Poor’s placed Sears Holdings (NASDAQ:SHLD) on review for a possible downgrade late Wednesday, saying the retailer’s plan to close about 100 stores may do ...

  5. Smart Money: Hedge funds see bargains in discount retail

    By Jessica WohlCHICAGO (Reuters) - With gas prices and unemployment high, low-income shoppers are not the only ones trying to find the best bargains in discount stor...

  6. Lampert offers "no excuses" for Sears poor performance

    By Jessica WohlHOFFMAN ESTATES, Illinois (Reuters) - Edward Lampert said on Tuesday there were "no excuses" for the poor first quarter of Sears Holdings Corp <SHLD.O...

  7. Sears Slumps After Warning of 1Q Red Ink

    Shares of Sears Holdings (NASDAQ:SHLD) tumbled more than 8% Tuesday morning after the retailer warned of a first-quarter loss amid slumping sales.Eddie Lampert's Sea...

  8. Paulson, at $4.9 billion, tops hedge fund earner list

    By Matthew GoldsteinNEW YORK (Reuters) - The richest 25 hedge fund managers made a bit less money last year.But don't cry too hard. Collectively, this privileged cla...

  9. Sears 4Q Profit Falls 13% On Weakness At Namesake Brand

    Hurt by struggles at its namesake store, Sears Holdings (NASDAQ:SHLD) disclosed on Thursday a 13% slide in fourth-quarter profits, underscoring the tall order ahead ...

  10. Retail Miss, Commodity Slide Triggers Market Retreat

    FOX Business: The Power to ProsperWall Street experienced its first pullback of the month on Tuesday as slower-than-expected January retail sales and a retreat in co...

  11. Sears loss widens on tepid sales

    NEW YORK (Reuters) - Sears Holdings Corp <SHLD.O> reported a larger quarterly loss, citing tepid sales of apparel and appliances at its namesake department stores.Th...

  12. Sears loss widens, fails to lure bargain-hunters

    By Dhanya SkariachanNEW YORK (Reuters) - Sears Holdings Corp posted a wider-than-expected quarterly loss as the discount retailer failed to win new shoppers in a wea...

  1. Sears Shares Soar as 1Q Sales Stabilize

    Embattled retailer Sears Holdings (NASDAQ:SHLD) said on Tuesday it anticipates posting a first-quarter operating profit later this month as the sale of underperformi...

  2. Barnes & Noble, Best Buy, AutoZone In Spotlight

    Bookstore operator Barnes & Noble Inc. , which sells the Nook e-readers and e-books, fell 3.2% on Thursday after the Justice Department reportedly filed suit against...

  3. Lampert Again Cuts Stake In AutoZone, To 6.2% From 8.3%

    DOW JONES NEWSWIRESHedge fund billionaire Edward Lampert reduced his stake in auto-parts retailer AutoZone Inc. (AZO), again paring back a long-favored investment.La...

  4. Sears Looks to Quell Wall Street Fears

    Sears Holdings Corp plans to raise about $770 million spinning off a business of about 1,250 stores and selling some prime real estate, hoping to convince Wall Stree...

  5. Sears Swings to a Loss, But Shares Surge on Overhaul Plan

    Sears (NASDAQ:SHLD) revealed on Thursday strategic steps it hopes will improve its ability to pay off debt and reassure investors, sending its shares up sharply.The ...

  6. Report: CIT has Sears on a Tight Leash

    CIT Group Inc (NYSE:CIT) will again stop providing loans to suppliers of Sears Holdings Corp (NASDAQ:SHLD) after Tuesday as the business lender awaits more informati...

  7. Sears Shares Surge Back to Life

    Left for dead just weeks ago, shares of Sears Holdings (NASDAQ:SHLD) have been on fire of late. In just nine trading days, Sears stock has surged almost 80% as Wall ...

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