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Looking to Cut More Costs, Sears Seeking Hundreds of Millions in New Financing

Edward S. Lampert, the chairman and CEO of Sears Holdings Corp. (NASDAQ: SHLD), is once again coming to the financial rescue of the struggling Chicago-based retailer, which reported disappointing holiday sales. Entities controlled by Lampert are pumping in another $100 million in new financing and Sears is hoping to line up an additional $200 million in new financing from them as well. The latest round of financing follows a previous $300 million...