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Stock Market & Financial Investment News

News Breaks
January 7, 2013
20:14 EDTSHLDSears Holdings CEO Louis D'Ambrosio to step down February 2
Sears Holdings Corporation announced that Louis D'Ambrosio will step down as CEO for family health matters at the end of the company's fiscal year on February 2, 2013. Edward Lampert will then assume the role of CEO of Sears Holdings, in addition to his role as chairman of the board. D'Ambrosio will remain on the board until the company's next annual meeting of stockholders to be held in May 2013.
News For SHLD From The Last 14 Days
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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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