NEW YORK ( TheStreet) -- Liz Claiborne ( LIZ), a maker and seller of clothes, ended Monday's regular trading session down 4.4% to $5.22 after saying it expects a loss of $11 million to $17 million in adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in the first quarter.
>> Liz Claiborne Sees $11M-$17M EBITDA Loss

Asset manager Walter Investment Management ( WAC) fell 11.2% to $17.13 after saying it will buy home loaner GTCS Holdings (Green Tree) for about $1.07 billion.

Apparel company Phillips-Van Heusen ( PVH) fell 0.7% to $59.97 ahead of its expected fourth-quarter earnings report of 82 cents a share after the markets closed on Monday.

Homebuilder KB Home ( KBH) fell 1.4% to $13.18 as investors awaited the release of its quarterly results. The firm had been putting the market off on a specific date.
>> Stock Market, March 28: What's on Tap

Imaging company Eastman Kodak ( EK) spiked 6.3% to $3.62 following news of a positive development in the company's patent dispute with Apple ( AAPL) and Research In Motion ( RIMM).
>> Eastman Kodak: After-Hours Trading

Citigroup ( C) fell 0.7% to $4.43 as Bloomberg reported that the financial firm's Japanese investment banking and consumer finance unit reported a loss for the third year in a row in 2010, weighed down by a decline in underwriting fees and brokerage commissions.

Apparel retailers such as Aeropostale ( ARO), Wal-Mart ( WMT) and American Eagle Outfitters ( AEO), who were expecting take a hit from rising cotton costs, fell a bit after being flat to up following the report of a Bloomberg survey of analysts revealing that cotton prices will fall 51% to $1 a pound by the end of the year due to record crops and the replenishing of stockpiles for the first time since 2007. Aeropostale lost 1.4% to $23.89, Wal-Mart fell 0.2% to $52.25 and American Eagle Outfitters retreated 1.2% to $15.32.

Video games retailer GameStop ( GME) rose 1.2% to $21.97 on the possibility that the specialty retailer could see a bounce in sales based on the launch of Nintendo's ( NTDOY) 3DS, which happened over the weekend.
>> Stock Market, March 28: What's on Tap

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-- Written by Andrea Tse in New York.

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