Sears Cancellation Sinks Brillian Shares
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Brillian Corp. shares plummeted more than 37 percent to hit a 52-week low Monday on news that Sears Roebuck and Co. terminated its agreement to purchase the company&#39;s 65-inch 720p high-definition televisions.
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The profit decline by Sears Holdings, the combination of Sears and Kmart, will be the second consecutive quarter of steeply falling profits for the retailer.
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U.S. stocks fell on Tuesday as profit warnings from retailer Sears Holdings Corp.  and home builder D.R. Horton Inc  fueled concerns about the economy's health and the earnings outlook.
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Shares of Advanced Medical Optics plunged in trading on Tuesday as investors reacted to a recall of one of the companyâs best-selling contact lens cleaning solutions over health concerns.
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Shares of Sharper Image Corp.  SHRP.O, the personal and home electronics retailer, dropped  as much as 16 percent on Friday, a day after it forecast a  first-quarter loss and declining sales.
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Sears, Roebuck & Co S.N, the largest  U.S. department store chain, on Thursday posted an unexpected  third-quarter loss and cut its full-year profit forecast,  sending its shares tumbling more than 8 percent.
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Sears, Roebuck &amp; Co (SN: Quote, Profile, Research) , the largest US department store chain, on Thursday posted a third-quarter loss as its sales continued to slide, prompting the company to cut its full-year profit forecast.
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Evidence of an abrupt slowdown in consumer spending mounted Monday as Sears Holdings, the owner of Sears and Kmart, warned that its profit would most likely plunge as much as 57 percent for the three months ending in early February.
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Sears, Roebuck &amp; Co (SN: Quote, Profile, Research) , the largest US department store chain, on Thursday posted a third-quarter loss as its clothing sales continued to slide and cuts its forecast for the full year.
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Shares of Sharper Image Corp. SHRP.O  fell 14.7 percent before the bell on Monday after the specialty  retailer lowered its earnings estimates on   weaker-than-expected holiday sales.
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Shares of Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) fell an additional 10 percent Monday after the insurance broker canceled an investor call to explain the financial
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Blue-chip stocks fell on Thursday as uncertainty about when the Federal Reserve would cut interest rates hurt financial shares, while a brokerage's downgrade hit shares of Wal-Mart Stores Inc .
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Sears Holdings said Thursday that its second-quarter profit had tumbled 40 percent because of lower overall sales and weaker operating results from Kmart and its domestic Sears operations.
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Shares in Nortel Networks Corp. dropped 9 per cent yesterday after the telecom equipment giant, the subject of several Canadian and US accounting probes, hinted that rivals are taking a bite out of its market share.
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Sears Holdings Corp. posted its lowest profit in nearly two years Thursday after another round of weak sales at Kmart and Sears stores sent the retailer's net income tumbling 40 percent.
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NEW YORK -- Sears Holdings Corp., the biggest US department store company, and Home Depot Inc. said profit will fall as the decline in housing prices hurts demand for goods to build and furnish homes.
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Leading shares have closed sharply lower, having extended losses in afternoon trade in line with Wall Street's decline, with Anglo American the main casualty on disappointing earnings and buyback news, although Alliance &amp; Leicester soared on pleasing numbers and buyback details.