Vornado seeking Sears&#39; hard side
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Staid old is sexy? Steven Roth, one of the city&#39;s savviest real estate minds, thinks so. His Vornado Realty Trust bought a 4.3% stake in the middle-American retailer - and drove up Sears Roebuck&#39;s
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NEW YORK, November 5  - Sears Roebuck &amp; Company (S.NYS) witnessed a sharp rally in its share price this morning, following the news of Vornado Realty Trust raising its stake in the company.
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Only if you think Sears is merely a retailer.
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Sears, Roebuck & Co.  shares rose as much as 31 percent on Friday after real estate company Vornado Realty Trust  said it raised its stake in the retailer, a step that could lead Sears to convert some of its real estate assets into cash.
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Eddie Lampert is looking for Target-type valuations in the merger of Kmart and Sears.
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The world's leading retailer may be ready to nibble at smaller concepts.
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As Peter Chiarelli conducts his hunt for the 28th coach of the Bruins, the general manager will be pitching a battered product that demands an immediate fix.
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This retailer's still trying to loosen up.
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NEW YORK -- Sears and K-mart say they will save $500 million a year if their merger goes through. Some of that will be in job cuts, though the companies aren&#39;t saying how many.
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Sears, Roebuck & Co. S.N shares  jumped as much as 25 percent on Friday after real estate  company Vornado Realty Trust VNO.N said it raised its stake  in the retailer, a step that could lead Sears to convert some  of its real estate assets into cash.
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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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Eddie Bauer Holdings Inc., a  retailer of casual clothing and accessories, on Thursday put  itself up for sale again as it struggles to revamp its  merchandise and revive its brand name.
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Did Sears run to Kmart to avoid a real estate vulture?
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It&#39;s all about Eddie. Wall Street is betting Kmart chairman Eddie Lampert will be able to add a successful combination with Sears, the biggest retail merger in history, to his impressive resume.
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Will Sears shoppers go for the high-definition television? Stay tuned.
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The Nov. 17 announcement that Kmart would be attempting to acquire Sears stores in a $11 billion deal sent shockwaves throughout the financial world.
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Vornado Realty Trust gave Sears, Roebuck &amp; Co.&#39;s stock a big boost Friday when it said it bought a 4.3 percent stake in the famous but struggling chain.