KMart at New High; Price Target Raised
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Shares of Kmart Holding Corp. KMRT.O  hit an all-time high on Tuesday after an analyst raised his  price target on the stock to $101 from $85 a share.
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Kmart Holding Corp. , the discount chain pulled from bankruptcy by hedge fund operator Edward Lampert, will buy Sears, Roebuck & Co.  for &#36;10.85 billion in a bold play to revive two of America's best-known, but long-struggling, retail brands.
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Tasty results for the burger specialist lead to new highs for its stock.
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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.
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U.S. stocks advanced on Wednesday  after Kmart's plan to buy Sears in an $11.5 billion  deal was  announced and computer maker Hewlett-Packard Co. HPQ.N posted  solid earnings, but higher oil prices prompted some investors  to sell equities.
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U.S. stocks ended higher on Wednesday  after Kmart's plan to buy Sears in an $11.5 billion deal was  announced and computer maker Hewlett-Packard Co. HPQ.N posted  solid earnings.
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The retailer raises guidance after an impressive first quarter.
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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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The retailer reports another quarter of double-digit sales growth.
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Hershey Foods will be raising the price for many of its confectionery products.
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Sears and Kmart have attracted more attention lately for their real estate than their retailing prowess. The companies, which agreed to merge in an $11-billion deal last week, have garnered investors&#39; interest
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The online retailer continues to accelerate its growth levels.
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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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Prices spiked 4.1 percent last year, the highest increase in 17 years.
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Kmart (KMRT) has just pulled the rough equivalent of a refrigerator out of its hat. Make that a Kenmore brand refrigerator from Sears (S).
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The discount retailer Kmart announced yesterday an $11bn (Â£5.9bn) acquisition of Sears Roebuck, bringing two of the best-known names in American retailing under one roof.
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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.