chairman and chief executive Edward Lampert

Sears finds itself awash in red ink

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. posted a loss of $748 million in the third quarter as the retailer’s financial performance continued to deteriorate despite its efforts to shed underperforming stores, de-emphasize struggling categories and make money from its real estate holdings. Revenue fell 13% to $5.03 billion in the three months to October