Sears Holdings Falls After Forecasting Quarterly Loss
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Sears Holdings Corp. plunged the most in more than seven months after forecasting a fourth-quarter loss and saying sales during the holiday period dropped.
The shares tumbled 16 percent to $35.89 at 9:50 a.m. in New York and earlier slid as much as 17 percent for the biggest intraday decline since May 24. Sears rose 19 percent in 2013.