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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (10799)	1/22/2002 9:39:13 AM
From: Lost1	Read Replies (3) \| Respond to of 23786

TROY, Mich. (Reuters) - Kmart Corp. on Tuesday filed for bankruptcy protection after a dismal holiday sales season and stiff competition from rivals Wal-Mart Stores Inc. and Target Corp. left the discount retailer strapped for cash. The retailer said it had secured $2 billion in debtor-in-possession financing and its 2,100 stores will continue to operate as it restructures its business. Wall Street analysts had expected the 105-year old chain to file for Chapter 11 bankruptcy protection. The Troy, Michigan-based company, which has 2,100 stores and 250,000 employees, had suffered through a series of debt downgrades in recent weeks that raised its borrowing costs. On Monday, Fleming Cos., a major supplier, stopped shipping goods to Kmart stores because the Kmart failed to make a regular payment. Moody's Investors Services also downgraded Kmart's debt on Monday to a lower ``junk'' status, saying the retailer' chances of getting outside financing were dwindling. Kmart, the No. 2 discount chain behind Wal-Mart, had been in talks with its lenders and to seek additional financing. The company's stock has been in a free fall, losing two-thirds of its value since January. The stock is currently trading around a 38-year low.

To: AugustWest who wrote (10799)	1/22/2002 9:52:20 AM
From: arno	Read Replies (4) \| Respond to of 23786

<font color=BLACK>----NAZWAG 1/22/02---- 1926 AW 1948 arno ========================================================= Date-Close\| 0807-2027 \| 0808-1966 \| 0809-1963 \| 0810-1956 0813-1981 \| 0814-1964 \| 0815-1918 \| 0816-1930 \| 0817-1867 0820-1881 \| 0821-1831 \| 0822-1859 \| 0823-1842 \| 0824-1916 0827-1912 \| 0828-1864 \| 0829-1843 \| 0830-1791 \| 0831-1805 0903-0000 \| 0904-1770 \| 0905-1758 \| 0906-1705 \| 0907-1687 0910-1695 \| Market closed due to terrorist attack 0917-1579 \| 0918-1555 \| 0919-1527 \| 0920-1470 \| 0921-1423 0924-1499 \| 0925-1502 \| 0926-1464 \| 0927-1460 \| 0928-1498 1001-1480 \| 1002-1492 \| 1003-1580 \| 1004-1597 \| 1005-1605 1008-1606 \| 1009-1570 \| 1010-1626 \| 1011-1701 \| 1012-1703 1015-1696 \| 1016-1722 \| 1017-1646 \| 1018-1652 \| 1019-1671 1022-1708 \| 1023-1704 \| 1024-1731 \| 1025-1775 \| 1026-1769 1029-1699 \| 1030-1667 \| 1031-1690 \| 1101-1746 \| 1102-1746 1105-1793 \| 1106-1835 \| 1107-1837 \| 1108-1827 \| 1109-1828 1112-1840 \| 1113-1892 \| 1114-1903 \| 1115-1900 \| 1116-1898 1119-1934 \| 1120-1880 \| 1121-1875 \| Thanksgvg \| 1123-1903 1126-1941 \| 1127-1935 \| 1128-1888 \| 1129-1933 \| 1130-1930 1203-1904 \| 1204-1963 \| 1205-2046 \| 1206-2054 \| 1207-2021 1210-1992 \| 1211-2002 \| 1212-2011 \| 1213-1947 \| 1214-1953 1217-1987 \| 1218-2005 \| 1219-1983 \| 1220-1918 \| 1221-1945 1224-1945 \| Christmas \| 1226-1961 \| 1227-1976 \| 1228-1987 1231-1950 \| New Years \| 0102-1979 \| 0103-2044 ! 0104-2059 0107-2037 \| 0108-2057 \| 0109-2045 \| 0110-2047 \| 0111-2022 0114-1992 \| 0115-2001 \| 0116-1944 \| 0117-1986