Sears Shares Soar as Vornado Boosts Stake
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Sears, Roebuck & Co. S.N shares  jumped as much as 25 percent on Friday after real estate  company Vornado Realty Trust VNO.N said it raised its stake  in the retailer, a step that could lead Sears to convert some  of its real estate assets into cash.
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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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Stocks rose on Thursday as a rebound in global equity markets helped boost investment banks' shares and some U.S. retailers' robust monthly sales allayed worries about the economy's health.
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U.S. stocks climbed  on Tuesday as  retail stocks including Wal-Mart Stores Inc. WMT.N got a  boost from a rise in January retail sales and M&A activity  builds following a $3.25 billion takeover offer for Circuit  City Stores Inc. CC.N.
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U.S. stocks rose on Wednesday as  retailers Kmart and Sears announced a $11.5 billion merger,  signaling corporate America's confidence in the economy, while  Hewlett-Packard's better-than-expected earnings helped boost  tech shares with the hope of increased spending in the sector.
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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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Sears, Roebuck & Co. S.N shares rose  as much as 31 percent on Friday after real estate company  Vornado Realty Trust VNO.N said it raised its stake in the  retailer, a step that could lead Sears to convert some of its  real estate assets into cash.
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Stocks surged on Thursday, lifting the Dow to a record, as stronger-than-expected retail sales and takeover speculation fueled optimism about the economy.
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Shares of Sears, Roebuck &amp; Co. rose as much as 27 percent, the biggest gain since at least 1980, after an investment by Vornado Realty Trust highlighted the value of the retailer&#39;s real estate.
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Stocks were up on Friday after stronger-than-expected new home sales in July and another report showing a rise in factory orders for big-ticket items.
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PARAMUS, N.J. -- A group led by Vornado Realty Trust boosted its offer for Equity Office Properties Trust to $23.24 billion, or $56 per share, in cash and stock on Thursday, topping a private equity firm's buyout bid.
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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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Sears showed a relatively nice boost in its November comps.
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U.S. stocks rose on Wednesday as Home Depot Inc.'s  plan for a $22.5 billion share buyback underscored optimism about equity valuations, along with the growing allure of large-cap stocks, including General Electric Co. .
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U.S. stocks soared on Wednesday, driving the Dow up more than 100 points and propelling it to an all-time high for the second day as positive momentum brought buyers into the market.
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General Mills Inc. on Tuesday led shares of rival food companies higher after it reported second-quarter earnings grew 19 percent as strong sales helped offset higher commodity prices.
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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.