YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

CEO warns time is running out for Sears

Posted online

Sears CEO Eddie Lampert is cautioning that time is running out for the company.

Lampert, who controls most of the company's shares through his hedge fund, on Monday told the board the company must work on "significant near-term constraints" related to its cash position.

Lampert cited $134 million in debt payments due Oct. 15.

Read more from CNNMoney.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: Moseley’s Discount Office Products

Moseley’s Discount Office Products was purchased; Side Chick opened in Branson; and the Springfield franchise store of NoBaked Cookie Dough changed ownership.

Most Read
Update cookies preferences