News Of Sears-Kmart Merger Well-Received Locally
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Two of the biggest names in the retail world are becoming one. In an announcement Wednesday, Kmart and Sears, Roebuck &amp; Co. have agreed to merge in a deal totalling $11 billion.
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Is today's big retail news a surprise? Only for those who weren't paying attention.
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The fact that neither Kmart or Sears has faired well against Wal-Mart may leave some people wondering if the combined company can do any better.
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US stocks rose as Kmart Holding Corp.&#39;s $11 billion offer for Sears, Roebuck &amp; Co. lifted retailers and Hewlett-Packard Co.
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Some people may be wondering just how well Kmart and Sears will compete against Wal-Mart as parts of the same company.
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The Kmart purchase of Sears, Roebuck may be the ultimate expression of that old saying in real estate: location, location, location.
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Kmart is acquiring Sears, Roebuck &amp; Company for $11 billion with the combined estimated earnings of the two making it the third-largest retailer in the United States.
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A Kmart employee pushes shopping carts into the store in the Northridge section of Los Angeles Wednesday, Nov. 17, 2004. Kmart is acquiring Sears, one of the most venerable names in US retailing, in a surprise
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U.S. stocks rose on Wednesday lifted  by a merger between retailers Kmart and Sears,  better-than-expected earnings from Hewlett-Packard and data  showing a slight rise in core inflation.
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Stocks rose as an $11 billion offer by Kmart for Sears, Roebuck lifted retailers and better-than-expected earnings from Hewlett-Packard ignited a rally in technology shares.
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Most adopt wait-and-see attitude as they await more details of historic retailing deal. By Francis X. Donnelly / The Detroit News.
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TORONTO (CP) - Stocks finished higher Wednesday but well off highs of the day, as a runup in the price of oil cooled investor response to a merger between US retail giants Kmart and Sears, Roebuck and strong economic data.
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The discount retailer Kmart announced yesterday an $11bn (Â£5.9bn) acquisition of Sears Roebuck, bringing two of the best-known names in American retailing under one roof.
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Kmart Holding Corporation and Sears, Roebuck and Co. said today that they are merging to form a new retail company called Sears Holdings Corporation that will be the nation&#39;s third largest
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TOLEDO -- Attention Kmart shoppers, the discount retailer is buying Sears. Wednesday, Kmart Holding announced its $11 billion purchase of Sears Roebuck.
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Kmart Corp.&#39;s cheeky proposal to acquire Sears, Roebuck and Co. for $11 billion may be wowing Wall Street, but it doesn&#39;t do anything to fix the serious problems afflicting two
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Two struggling retailers with dismal sales merge, and how do investors react? They send the stocks of both companies soaring. With last week&#39;s surprise announcement that Kmart Holding Corp.