Sears Stock Jumps as Realty Trust Discloses Stake
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Sears, Roebuck, once the king of American retailers but lately struggling for shoppers, has finally attracted a big one - not for its tools and appliances, but for its real estate.
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Sears Holdings Corp.  reported higher fourth-quarter profit on Thursday, helped by property sales and higher operating income at its Sears and Kmart divisions.
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HOFFMAN ESTATES, Ill. Sears, Roebuck and Company&#39;s stock is surging today on news that a real estate investment trust purchased a four-point-three percent interest in Sears.
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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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Dillard&#39;s Inc.  shares soared  almost 12 percent on Thursday after an activist hedge fund  unhappy with the department store operator&#39;s performance  demanded talks with management, saying the stock is  undervalued.
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Stocks rose on Wednesday as Home Depot  Inc.&#39;s  plan for a $22.5 billion share buyback  underscored optimism about equity valuations, along with the  growing allure of large-cap stocks, including General Electric  Co. .
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U.S. stocks rose on Wednesday as  retailers Kmart Holding Corp. KMRT.O and Sears, Roebuck & Co.  S.N announced an $11.5 billion deal, while computer maker  Hewlett-Packard Co. HPQ.N posted solid earnings.
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Sears, Roebuck & Co. S.N shares rose  as much as 31 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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Stocks rose on Monday, lifted by news Merrill Lynch  plans to sell a lending unit and with investors eyeing retailers as the busy holiday shopping season draws to a close.
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U.S. stocks closed higher, reviving  their recent rally on Wednesday after Kmart's plan to buy Sears  in a $10.85 billion deal was announced and computer maker  Hewlett-Packard Co. HPQ.N posted solid earnings, but a rise  in oil prices capped session gains.
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U.S. stocks surged on Wednesday on  news of Kmart's plan to buy Sears, but the dollar sank,  touching a record low against the euro on worries over the wide  U.S. current account deficit and the strength of China's yuan  currency.
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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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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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US 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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U.S. stocks rose on Wednesday as  retailers Kmart and Sears announced a $11.5 billion merger,  signaling corporate America's confidence in the economy, while  Hewlett-Packard's better-than-expected earnings helped boost  tech shares with the hope of increased spending in the sector.
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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 : US stocks surged higher as Wall Street cheered Kmart&#39;s 11 billion dollar merger with Sears, although a spike in oil prices capped the gains.