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| | Wednesday, January 02, 2002/Today's News: KMART CORPORATION SUPPLIER CREDIT RISK OUTLOOK (Site not responding. Last check: 2007-11-07) |
 | | Kmart Corporation, as an equity and debt issuer, has suffered another blow to its ability to access capital markets at favorable prices after Wayne Hood of Prudential Securities went public on January 2, 2002 with his opinion that Kmart may file a bankruptcy petition sometime this year. |
 | | Kmart Corporation reported trade payables increased $718 million to $3,273 million, as of October 31, 2001 compared to the closing of the same period one year ago, an increase of 28 percent. |
 | | Kmart's previously announced plans to slash prices on 38,000 items was very likely based primarily upon efforts to maintain market share and was probably not a part of a solution that would properly coordinate prices, costs and volume in order to make profits. |
| www.ccr.faulknergray.com /news/010202_2.htm (750 words) |
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