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Category: Baystreet Newswire Company: Stock Publisher ID: 410245 Date: Monday, December 09, 2013 Ticker: NASDAQ:SEAC Whether it's a bull or bear market, TrendingWallStreet has you covered.
There's not much to say about Sears' operational performance during its third quarter , except that it was atrocious.
The Dow Jones Industrial Average managed to rise 1.25% to finish back above 16,000 - a level not seen since Monday - snapping a five-day losing streak, on hopes that the economic recovery my be solid enough to warrant a reduction in stimulus by the Federal Reserve.
This forty-ninth trading week of 2013 comes to a close with investors focusing on the Federal Reserves' next move.
This marks the third such spinoff of an enterprise owned by Sears since 2012. With all of this wheeling and dealing, is it possible that the company is trying to better itself or is it trying to salvage some value by unloading the junk from a sinking ship? Lands' End Lands' End, which was founded in 1963, started off as a sailboat and hardware ... (more)
U.S. stocks ended their longest streak of weekly gains in a decade as data on economic growth and manufacturing stoked concern the Federal Reserve may reduce stimulus soon.
Mike Ullman told assured investors that the company was pleased with turnaround progress the same day the retailer announced that it would be selling $800 million in stock.
One CEO was ousted after a failed retail revival strategy and an activist investor's push.
Stock futures are higher, while gold and Treasuries declined after a better-than-expected report on employment in the United States.
What's more, the stock was placed on the short sale restricted list, causing its put volume to spike to almost three times the average intraday norm.
The struggling retailer disclosed in a regulatory filing late Thursday that it received a letter from the Securities and Exchange Commission in October requesting information on its liquidity, cash position, debt and equity financing, as well as its offering of common stock announced in September.
Spreads on five-year credit default swaps on J.C. Penney have tightened 31% and are currently quoted at 1,149 basis points after reaching a high of 1,665 basis points on Oct. 25, 2013 , according to Fitch Solutions.
Customers line up outside before Thanksgiving Day shopping at JC PenneyThursday, November 28, 2013 in Dallas.
Not often do inflection points come along for turnaround stories, let alone two in the same day.