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Kmart deals for Sears
Tribune staff reportersIn a stunning move that could forever alter one of Chicago's most enduring business icons, Kmart Holding Corp. pounced on Sears, Roebuck and Co. today in a $11 billion merger. The new Sears Holdings Corp. will become the nation's third-largest retailer...Tags: NYSE Euronext, Inc., Stock Market, David Greising, Martha Stewart, Corporate Officers
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Kmart chief's moves may mean merger with Sears
Tribune staff reporterAn investor tied to both Sears, Roebuck and Co. and rival Kmart Holding Corp. may move to significantly increase his stake in Sears and possibly propose to merge the two struggling companies, a key source close to the negotiations said late Tuesday. An...Tags: Economy, Business and Finance, Companies and Corporations, Real Estate Buyers, Finance, Vornado Realty Trust
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Kmart snaps up Sears for $11 billion
In a bold move that shakes up one of Chicago's most enduring business icons, Kmart Holding Corp. pounced on Sears, Roebuck and Co. Wednesday in a merger valued at $11 billion. The new company, which will be called Sears Holdings Corp., will become the...Tags: Goldman Sachs Group, Inc., Economy, Business and Finance, Economic Policy, Martha Stewart, Corporate Officers
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May sales dim Sears' 2nd-quarter outlook
Experiencing weakness in every department of its traditional mall stores, Sears, Roebuck and Co. was one of the few major retailers to post disappointing May sales, and the Hoffman Estates merchant on Thursday provided a more somber assessment of its...Tags: Weather Reports, Bars and Clubs, Real Estate Sales, JC Penney Company Inc., Petroleum Industry
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Speculation surrounds Sears' fate
Tribune staff reportersIt may seem far-fetched that a retailer as massive as Sears, Roebuck and Co. could ever be dismantled to tap the underlying value of its real estate. After all, the Hoffman Estates-based company is an American icon. It has $9.5 billion in market value,...Tags: Goldman Sachs Group, Inc., Economy, Business and Finance, Simon Property Group, Inc., Realty, Target Brands, Inc.
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Stocks roar to strong finish
Associated PressA late surge of buying lifted Wall Street to its second winning session Thursday, despite more disappointing economic news and profit-taking following the market's huge rally. The Dow Jones industrials had their best close in more than five weeks. The...Tags: Federal Reserve, United Air Lines, Credit Ratings, Companies and Corporations, Time Warner Inc.
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Kmart acquiring Sears in $11.5 billion deal
Chicago Tribune staff reportersThe owner of Kmart stores is taking over Sears, Roebuck & Co. and will operate both stores under their separate names, the two companies said today. The combined Sears Holdings Corp. will be based out of Sears' Hoffman Estates, Ill., headquarters, but...Tags: NYSE Euronext, Inc., Stock Market, David Greising, Martha Stewart, Corporate Officers
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Field's acquired, but name to stay
Tribune staff reporterMarshall Field's is getting a new owner, but its name and its Frango mints will live on. Capping a three-month bidding war, Target Corp. said Wednesday that it would sell its Chicago-born Field's chain and nine of its Mervyn's stores to May Department...Tags: Water Tower Place, Marshall Field, Macy's, Federated Department Stores Incorporated, Wal-Mart Stores, Inc.
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Federated bets on malls
Tribune staff reporterIn a deal to create a department store giant that will control the anchor positions at malls across the country, Federated Department Stores Inc. on Monday officially announced an acquisition of May Department Stores Co. The $11 billion deal for May,...Tags: JC Penney Company Inc., Companies and Corporations, Advertising, Marshall Field, Macy's
Nov 17, 2004
|Story| Chicago Tribune
Nov 17, 2004
|Story| Chicago Tribune
Nov 18, 2004
|Story| Chicago Tribune
Jun 4, 2004
|Story| Chicago Tribune
Nov 14, 2004
|Story| Chicago Tribune
Aug 15, 2002
|Story| Associated Press
Nov 17, 2004
|Story| Chicago Tribune
Jun 10, 2004
|Story| Chicago Tribune
Mar 1, 2005
|Story| Chicago Tribune
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