Martha, Vornado shares rise on Sears-Kmart deal
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Shares of local companies Martha Stewart Living Omnimedia and Vornado Realty Trust were boosted by news that Sears and Kmart will merge in an $11 billion deal, creating a new company called Sears Holdings with about $55 billion in yearly revenue and
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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.
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Discount retailer Kmart Holding Corp. is combining with one of the most venerable names in US retailing, Sears, Roebuck &amp; Co., in a surprise $11 billion deal that will create the nation&#39;s third largest retailer.
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Shares of Sears, Roebuck &amp; Co. rose 23 percent, the biggest gain since at least 1980, after an investment disclosed by Vornado Realty Trust highlighted the value of the retailer&#39;s real estate.
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Martha Stewart just can&#39;t catch a break. Shares in her former company rose another 12 cents yesterday, to $11.26, continuing a recovery that began soon after her conviction.
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Martha Stewart Living Omnimedia Inc  posted disappointing quarterly results and outlook on Tuesday,  but announced a deal with celebrity chef Emeril Lagasse that  helped bolster its share price.
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Kmart Holding Corp. and Sears, Roebuck and Co. merged in an $11 billion stock and cash deal that will create the country&#39;s third-largest retailer, after Wal-Mart and Home Depot.
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Sears, Roebuck and Co. S.N shares  rose 5 percent on Thursday on continued investor enthusiasm  over the value of the retailer's property after last week's  disclosure that a real estate investment trust has more than a  4 percent stake in the firm.
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STOCKS surged today as investors shrugged off a fresh indicator of rising inflation and welcomed an $US11 billion deal that combines retailers Kmart Holding Corp and Sears, Roebuck and Co.
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Shares of Martha Stewart's company surged today after the media and merchandising company said it would announce details of a new television show later in the day.
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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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NEW YORK (CBS.MW) -- Martha Stewart Living Omnimedia surged 13 percent, enough to make it the biggest percentage gainer on the NYSE, reaching a near 4-year high in intraday trading.
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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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Kmart, which emerged from bankruptcy just last year, announced yesterday it would buy Sears for $11 billion to create the country&#39;s third-largest retailer.
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New York | Martha Stewart&#39;s media and merchandising company said Wednesday it plans to expand its furniture line amid strong demand from consumers.
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Martha Stewart Living Inc. shares rose nearly 5 percent Monday on a report that reality show producer Mark Burnett has been in talks with the company's namesake founder to refashion her lifestyles television show when she gets out of jail.
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Shares of Martha Stewart Living Omnimedia Inc. rose 17 percent yesterday after the company said it agreed to work with television producer Mark Burnett, who created the popular &quot;Survivor&quot; series on Viacom Inc.