Stocks surge on Kmart-Sears deal
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Stocks surged Wednesday 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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Sears, Roebuck and Co.&#39;s stock shot up Friday on news that a New York-based real estate investment trust had purchased a 4.3 per cent interest in the huge department store chain.
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U.S. stocks rose on Tuesday as retail  shares like Wal-Mart Stores Inc. WMT.N got a lift from  better-than-expected January retail sales data and news of a  $3.25 billion takeover offer for Circuit City Stores Inc.  CC.N.
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U.S. stocks rose on Monday as mergers and takeover proposals totaling more than $77 billion gave investors confidence that stock prices have room to rise even as the Dow industrials ascended to another record high.
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U.S. stocks rallied on Thursday, boosting the Dow to a record, as healthy sales from key retailers reassured investors about the economy, while takeover speculation drove Alcoa Inc.'s  shares to a lifetime high.
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Stocks rallied on Thursday, boosting the Dow to a record, as healthy sales from key retailers reassured investors about the economy, while takeover speculation drove Alcoa Inc.'s  shares to a lifetime high.
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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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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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Kmart, fresh from bankruptcy and ready for action, is buying Sears in a surprising $11 billion gamble aimed at helping the two chains survive the onslaught of their giant competitors Wal-Mart and Target.
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Sears, Roebuck and Co.'s stock shot up Friday on news that a New York-based real estate investment trust had purchased a 4.3 percent interest in the huge department store chain.
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Wall Street analysts were sent reeling by the surprise $11 billion (Â£6bn) merger of retailers Sears Roebuck and Kmart. The deal, which was unanimously approved by both companies
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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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U.S. stocks rallied on Thursday as a   string of corporate deals, plus a robust initial public   offering for credit-card company MasterCard Inc.MA.N, lifted   investor sentiment.
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Stocks bounded higher Wednesday as investors shrugged off a fresh indicator of rising inflation and welcomed postitive economic reports and the merger of Kmart Holding Corp.
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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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Stocks rose on Thursday and the Dow climbed to an intraday record after major retailers issued reassuring monthly sales figures and outlooks, a sign consumer spending will continue to support economic growth.
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Stocks jumped on Tuesday, pushing the S&P 500 and Nasdaq composite indexes more than 1 percent higher, as Wall Street joined Asian and European markets in a rebound after the recent global sell-off.