Investors Reward Kmart, Sears and Their Suppliers
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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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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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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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TROY, MICH. - Kmart Holding Corp. will sell 45 of its stores to Sears, Roebuck and Co. for $524 million, Kmart said late last week.
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Wall Street stocks rose moderately Wednesday as investors cheered the merger deal that combined retailers Kmart Holding Corp. and Sears, Roebuck and Co.
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The retailer has a winning formula.
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Investors can find worthy investments beyond the glare of top-rated stars.
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With presidential election-related uncertainty safely in the past, retail investors have returned to the US stock market with gusto, and they&#39;re likely to stay engaged, several trading companies said Friday.
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Investors liked what they heard from the shoe company.
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Exchange-traded funds offer one more way to invest in stocks that pay you back.
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These stocks pay dividends and deliver earnings growth.
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CAPS investors unanimously think these stocks will win.
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Stocks closed higher on Wall Street as investors welcomed the merger of Kmart Holding Corp. and Sears. However, climbing oil prices restricted gains.
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Kmart Holding Corp. , the discount chain pulled from bankruptcy by hedge fund operator Edward Lampert, will buy Sears, Roebuck & Co.  for &#36;10.85 billion in a bold play to revive two of America's best-known, but long-struggling, retail brands.
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Kmart Holding Corp. reported its fourth straight quarterly profit Wednesday, but most investors&#39; focus was on the discount retailer&#39;s $11 billion acquisition of Sears, Roebuck and Co.
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Companies like Whirlpool Corp. that provide wholesale merchandise to one or both retail giants are optimistic about Kmart&#39;s pending acquisition of Sears.
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These dour CAPS investors see a silver lining here.