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Stock Market & Financial Investment News

News Breaks
March 14, 2014
18:54 EDTSHLDSears board approves separation of Lands' End business
Sears Holdings Corporation announced that its board approved the separation of its Lands' End business by means of a pro-rata spin-off transaction. To effect the spin-off, Sears Holdings will distribute all of the outstanding shares of common stock of Lands' End on a pro rata basis to holders of Sears Holdings common stock, except that holders of Sears Holdings' restricted stock that is unvested as of the record date will receive cash awards in lieu of shares. These cash awards will be subject to vesting requirements. The distribution will be made to Sears Holdings' stockholders of record on March 24, the record date for the distribution. The distribution is expected to occur on April 4. In the distribution, Sears Holdings stockholders will receive 0.300795 shares of Lands' End common stock for each share of Sears Holdings common stock. Following the spin-off, Sears Holdings will continue to be listed under the symbol "SHLD," while Lands' End expects to list its common stock on the Nasdaq Capital Market under the symbol "LE." Following the spin-off, Lands' End will be a publicly traded company independent from Sears Holdings, and Sears Holdings will not retain any Lands' End common stock.
News For SHLD From The Last 14 Days
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November 26, 2014
05:46 EDTSHLDSears, Kmart to extend Cyber Monday deals to a week
Sears and Kmart, two leading integrated retailers, have turned Cyber Monday into a weeklong savings event to make holiday shopping easier for Shop Your Way members and customers. Cyber Week deals start Nov 30 at 12:00 a.m. and run for seven days to Dec 6 at 11:59 p.m. Plus, through the online/in-store collaboration between Sears and Kmart, members and customers can avoid shipping and pick up their gifts at more than 1,800 locations, ready in five minutes or less.
November 24, 2014
09:14 EDTSHLDSears Holdings volatility elevated into Q4 and outlook
Sears Holdings overall option implied volatility of 80 compares to its 26-week average of 57 according to Track Data, suggesting large near term price movement into the expected release of Q4 results.
November 17, 2014
10:06 EDTSHLDSears Canada, JPMorgan Chase announce changes to credit card program
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10:01 EDTSHLDSears introduces 'Reserve It' service
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