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Monday's Winners & Losers: Furniture Brands

The furniture maker jumped on news a major investor may push for a sale.
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Furniture Brands International

(FBN)

was among the biggest gainers on the

NYSE

Monday, after a major investor suggested it may press for changes at the furniture maker.

Samson Holding, which owns 14.9% of the company,

said in a filing with the

Securities and Exchange Commission

that it "may consider various alternative courses of action and take any action deemed appropriate, including, but not limited to, the acquisition or disposition of

Furniture Brands' securities through open market transactions, seeking to acquire control of

the company through privately negotiated transactions, tender offers, exchange offers, mergers or otherwise, seeking board representation, or making proposals to

the company or its shareholders." Shares were gaining $3.54, or 34.9%, to $13.68.

Belo

(BLC)

shares jumped 18.7% after the newspaper and TV station owner said it planned to

spin off its newspaper business. The new entity, to be called A.H. Belo, will include Belo's papers, including the

Dallas Morning News

, Web sites, direct mail and commercial printing businesses. The spinoff is expected to take place in the first quarter of next year. Shares were adding $3.25 to $20.61.

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Velcro Industries

(VELC)

jumped 15.5%, after the company made a cash tender offer for all its outstanding shares. The fastener maker offered $21 a share and set a Nov. 5 deadline. The company reserved the right to rescind the offer if it cannot buy back all of its shares. The stock was rising $2.78 to $20.68.

Shares of

Walgreen

(WAG)

was dipping 15%, after the drug store chain

missed Wall Street's fourth-quarter expectations. The company reported net sales of $13.42 billion in the fourth quarter, vs. $12.17 billion in the year-ago period. The company's net earnings dipped to $396.5 million, or 40 cents per diluted share, compared to $412.3 million, or 41 cents a share, in the year ago period. Analysts polled by Thomson Financial expected earnings of 47 cents a share on revenue of $13.55 billion. Shares fell $7.08 to $40.16.

Walgreen's miss also weighed on other drug store stocks, including

Rite Aid

(RAD) - Get Report

, which was losing 3.3% to $4.47, and

CVS Caremark

(CVS) - Get Report

, which shed 6.3% to $37.15.

Supermarket chain

Supervalu

(SVU)

shares fell 6.1%, after Banc of America Securities initiated coverage of the stock with a sell rating. Shares fell $2.39 to $36.62.