Sears Holdings (SHLD) , the department store operator, posted a quarterly loss of $498 million, or $4.70 a share, on revenue of $8.86 billion, wider than its year-earlier loss of $421 million, or $3.95 a share, on revenue of $9.41 billion. Shares fell nearly 19%.
Shares of Schiff Nutrition International (SHF) jumped 29% after the company received a buyout bid of $1.4 billion from Reckitt Benckiser. The bid of $42 a share tops a bid of $34 a share that Schiff, the vitamin maker, received from Bayer on Oct. 30.
--Written by Andrea Tse in New York.
>To contact the writer of this article, click here: Andrea Tse.
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