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Sears Holdings Corp., the department-store operator run by hedge fund manager Edward Lampert, posted a $580 million fourth-quarter net loss as sales continued to slide. The loss compared with a $159 million net loss a year earlier, the Hoffman Estates, Illinois-based company said in a statement Thursday. On an adjusted basis, before interest, taxes, depreciation and amortization, the loss was $82 million, within the $50 million to $100 million range Sears... Full investment news article
The Battle For Yahoo’s Board
Starboard Value, a hedge fund with a track record of winning board seats at large companies, is expected to wage a proxy battle for Yahoo. Who ends up controlling the board — Starboard or Yahoo’s management — will play a huge role in deciding the direction of the company, and Mayer’s fate. Full investment news article