Kmart to terminate GE Capital credit pact
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WASHINGTON -- Kmart Holding Corp., citing a strong balance sheet and liquidity, said Wednesday it plans to terminate an $800 million credit facility with General Electric Capital Corp.
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Discount retailer Kmart Holding Corp.  KMRT.O will buy department store operator Sears, Roebuck &  Co. S.N in a surprise $11 billion deal that creates the  third-largest U.S. retailer, the companies said on Wednesday.
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NEW YORK (CBS.MW) -- Shares of rival retailers fell in Wednesday trading following the news of Kmart buying Sears for $11 billion.
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Sears, Roebuck & Co. and Kmart Holding Corp. on Wednesday said they would merge in an $11 billion deal to form the third-largest U.S. retailer.
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Sears, Roebuck and Co. is limping into its proposed merger with Kmart. The department-store giant reported an 86 percent drop in fourth-quarter net earnings Thursday after shedding its profitable credit-card unit a year earlier, its results now solely dependent on sagging retail sales.
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Up to 1200 store staff employed by US supermarket operator Kmart face redundancy as Home Depot takes over 13 properties following an early summer agreement.
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Kmart Holding Corp. (KMRT.O: Quote, Profile, Research) said on Thursday it would sell 45 stores for $524 million to Sears, Roebuck and Co.
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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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Retailer Kmart Holdings Corp. (KMRT.O) on Monday said it finalized a deal to sell 18 of its stores to Home Depot Inc. (HD.N) for &#36;271 million.
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The merger of Sears, Roebuck &#38; Co. and Kmart Holding Corp. will produce a retailer to be known as Sears Holdings Corp. The combined company has applied to list its stock on Nasdaq under a yet-to-be-announced stock symbol, the two companies said in merger documents filed Tuesday.
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General Electric Co. , the world's biggest maker of medical-imaging machines, and Abbott Laboratories broke off an agreement for GE to buy some of Abbott's diagnostics units for $8.13 billion.
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Discount retailer Kmart Holding Corp.  will buy department store operator Sears, Roebuck & Co. in a  $11.5 billion deal unveiled on Wednesday, creating the  third-largest U.S. retailer.
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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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US department store operator Sears, Roebuck &amp; Co. (SN: Quote, Profile, Research) and discount retailer Kmart Holding Corp. (KMRT.
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Retailer Kmart Holdings Corp. (KMRT.O: Quote, Profile, Research) on Monday said it finalized a deal to sell 18 of its stores to Home Depot Inc.
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NEW YORK - US department store operator Sears, Roebuck &amp; Co. and discount retailer Kmart Holding Corp. Wednesday said they would merge in an $11 billion deal to form the third-largest US retailer.
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Discount retailer Kmart Holding Corp. (KMRT.O: Quote, Profile, Research) will buy department store operator Sears, Roebuck &amp; Co.