Kmart-Sears Deal Helps Stocks End Higher
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A Kmart employee pushes shopping carts into the store in the Northridge section of Los Angeles Wednesday, Nov. 17, 2004. Kmart is acquiring Sears, one of the most venerable names in US retailing, in a surprise
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U.S. stocks ended slightly higher on  Monday as optimism about fourth-quarter earnings  provided a  lift, but a late-day wave of program, or computerized, trading  wiped out earlier 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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Stocks bounded higher yesterday as investors shrugged off a fresh indicator of rising inflation and welcomed an $11 billion deal that combines retailers Kmart Holding Corp.
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U.S. stocks ended higher on Wednesday,  with the dollar strengthening and shares of drugmaker Merck &  Co. MRK.N helping to lift the blue-chip Dow after the company  issued a forecast that was not as weak as some investors had  expected.
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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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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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Two struggling retailers with dismal sales merge, and how do investors react? They send the stocks of both companies soaring. With last week&#39;s surprise announcement that Kmart Holding Corp.
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U.S. stocks ended higher on Thursday following news Bank of America  is in advanced talks to buy struggling mortgage lender Countrywide Financial Corp .
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Kmart Holding Corp. KMRT.O, the  discount chain pulled from bankruptcy by hedge fund operator  Edward Lampert, will buy Sears, Roebuck & Co. S.N for $10.85  billion in a bold play to revive two of America's best-known,  but long-struggling, retail brands.
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Stocks advanced on Thursday as a rebound in global equity markets helped boost investment banks' shares and strong earnings from U.S. retailers on strong monthly sales allayed worries about the economy's health.
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U.S. blue-chip stocks ended higher on Tuesday after stronger-than-expected profits and more merger news.
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Shares of Kmart Holding Corp.  hit an all-time high on Tuesday after an analyst raised his price target on the stock to &#36;101 from &#36;85 a share.
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Alan J. Lacy will not be the top man at Sears, Roebuck &amp; Company any longer if the announced merger with Kmart is completed. But he will receive a raise and could take out more than $20 million by cashing out his existing options on Sears stock.
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U.S. stocks ended higher on Wednesday  as investors snapped up semiconductor shares at bargain prices  and bought some blue chips after crude oil retreated from  record high prices.
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New York -- Few things stir the heart of stock investors like a huge merger deal. And last week&#39;s shotgun wedding between Kmart and Sears, two limping retailers, was no exception.
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U.S. stocks ended higher on Tuesday,  as a drop in oil prices eased worries about high corporate  energy costs and American Express Co. AXP.N lifted the Dow  after the company said it will spin off its personal finance  unit.