Sears’s Lampert to Take Over, D’Ambrosio Resigns

Jan. 8 (Bloomberg) -- Sears Holdings Corp. said Lou D’Ambrosio is stepping down as chief executive officer and Chairman Edward Lampert will take over the job as the billionaire hedge fund manager works to revive the retailer. Sheila Dharmarajan reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)