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Stock Market & Financial Investment News

News Breaks
August 11, 2014
14:50 EDTTSCDY, SHLDSears names former Tesco executive as President, Chief Member Officer for Kmart
Sears Holdings (SHLD) announced that Alasdair James has joined the company as President and Chief Member Officer for the Kmart business. In this role, James will be responsible for driving the Kmart format strategy, managing the Kmart P&L and aligning merchandise, marketing, pricing and selling to Shop Your Way members' needs. Since 2007, James held roles of increasing responsibility with Tesco (TSCDY), where he most recently served as the commercial director for the company's global business unit.
News For SHLD;TSCDY From The Last 14 Days
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March 4, 2015
10:06 EDTSHLDOptions with decreasing implied volatility
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March 2, 2015
10:06 EDTSHLDOptions with decreasing implied volatility
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February 27, 2015
10:32 EDTSHLDOptions with decreasing implied volatility
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February 26, 2015
10:36 EDTSHLDOptions with decreasing implied volatility
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06:44 EDTSHLDSears says targeting REIT formation in May or June
Sears said "We are continuing our efforts to develop Sears Holdings as a membership company, without the significant asset intensity of its traditional retail business. To this end, we announced in November that we have been exploring the formation of a Real Estate Investment Trust to purchase some of our properties and to manage them like a pure real estate company. While we can offer no assurances that such a transaction will be consummated, we have made progress and are proceeding towards its formation and separation, which is projected to occur in May or June of this year. We are currently targeting between 200 and 300 Sears and Kmart stores to be sold to the REIT with expected proceeds to Sears Holdings in excess of $2B. The REIT itself would be funded by equity and debt with the equity raised through a rights offering. The subscription rights would be distributed pro rata to all stockholders of record of the company, and every stockholder would have the right to participate, except that holders of the company's restricted stock that is unvested as of the record date would be expected to receive cash awards in lieu of subscription rights."
06:09 EDTSHLDSears reports Q4 EPS ($1.50), one estimate ($1.89)
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February 25, 2015
15:05 EDTSHLDNotable companies reporting before tomorrow's open
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08:59 EDTSHLDSears Holdings volatility elevated into Q4 and outlook
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February 20, 2015
14:46 EDTSHLDSears Holdings volatility elevated into Q4 and outlook
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February 18, 2015
06:07 EDTTSCDYTesco appoints John Allan as chairman
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