Sears posts Q2 loss

Struggling retailer Sears Holdings posted a quarterly net loss of $395 million, or $3.70 per share.

That compares with profits of $208 million, or $1.84 per share, a year earlier.

During the quarter, the retailer also accepted additional debt financing of $300 million from billionaire Chief Executive Edward Lampert's hedge fund.

Read more from Reuters.