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COPYRIGHT 2004 Investor's Business Daily, Inc.
Kmart, Sears Plan $11 Billion Merger
1The two ailing chains said Wednesday they will create the No. 3 U.S. retailer after Wal-Mart and Home Depot. Analysts see Sears replacing Kmart sites in many off-mall locations, opening up mall and other underperforming stores for sale. The chains may get each other's key brands. Both stocks have been real estate plays.
Greenspan Sinks Dollar
2The dollar sank across the board, dropping to multiyear lows against the yen and euro Friday, after Fed chief Alan Greenspan said demand for U.S. assets could ease at some point,...
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