Sears Staves Off liquidation, Stores To Remain Open
By ANNE D’INNOCENZIO , AP Retail Writer NEW YORK (AP) — Sears will live on— at least for now. The company’s chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears, averting liquidation of the iconic chain, according to a source familiar with the negotiations. The person agreed to speak on condition of…