Eddie Lampert's $5.2 billion offer to buy what's left of Sears is drawing fire from the bankrupt retailer's creditors as well as current and former employees. The judge who will determine whether to ...

The Pension Benefit Guaranty Corporation is alleging two Sears Holdings' pension plans are underfunded by roughly $1.4 billion. "Due to the impending Sale and/or liquidation, and the funding status of ...

The feds have chosen a side in the fight to save Sears. The Pension Benefit Guaranty Corp., a federal agency that pays pension benefits to retirees whose private pension plans have become insolvent, ...

The Pension Benefit Guarantee Corporation, the federal agency charged with protecting retirement income, announced Friday that it would take over the pension programs for workers for the Sears Holding ...

(Reuters) - Sears Holdings Corp is facing a familiar foe in its bid to sell off the Kenmore appliances brand: the U.S. government body that oversees the pensions for the company's 100,000 retirees.

As of March 15, some portion of Sears’ 90,000 retirees lost their company-paid life insurance The polices were worth at least $5,000, with most ranging from $8,000 to $10,000 A Sears retirees’ ...

Clara-Pensions, the U.K. consolidator of defined benefit pension funds, announced its first superfund transaction Nov. 6 with the Sears Retail Pension Scheme. The Sears pension fund's 9,600 ...

NEW YORK (Reuters) - Sears Holdings Corp Chief Executive Edward Lampert admits the retailer's stores could be improved, but partly blames higher pension obligations in recent years for taking ...

* Sears Holdings Corp - launches comprehensive restructuring to streamline operations, targeting at least $1.0 billion in annualized cost savings in 2017 * Sears Holdings Corp - right-sizes ...