Aug 22, 2013

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Morning Movers: Sears Holdings Corp. (NASDAQ:SHLD) and Peabody Energy Corp. (NYSE:BTU)

Morning Movers: Sears Holdings Corp. (NASDAQ:SHLD) and Peabody Energy Corp. (NYSE:BTU)

Peabody Energy Corp. (NYSE:BTU) has nominated mining executive Glenn Kellow to be its president and chief operating officer.

Peabody reported that Mr. Kellow will be in charge of all aspects of the firm’s global operations, counting safety, production, sales/marketing, environmental, productivity improvement, engineering and planning.

Mr. Kellow most lately acted as president of the multinational Aluminum and Nickel business for BHP Billiton Ltd.

Shares ended on Wednesday at $16.59 and were inactive during the early trading session. The stock has declined 21% in the last three months.

Sears Holdings Corp. (NASDAQ:SHLD) notably swelled its fiscal second-quarter loss as the retailer marked sluggish revenue and its margins were pressured.

In the latest period, Sears’s domestic same-store sales declined 0.8%, while those at Sears Canada plunged 2.5%.

Comparable store sales declined 2.1% at sister discounter Kmart. Total domestic comparable store sales plunged 1.5%. Online sales were a comparatively bright spot, with those from sears.com and kmart.com higher 20%.

For the quarter concluded on Aug. 3, Sears declared a loss of $194 million, or $1.83 a share, in contast with a year-ago loss of $132 million, or $1.25 per share. Omitting out one-time items, including pension expense and gains on asset sales, the revised loss was $1.46 from $1.06.

Shares ended on Wednesday at $43.27 and were inactive in Thursday’s premarket trading session. The stock has declined 26% in the last three months.

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