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Sears, Kmart Agree on Merger

Two of the nation's oldest and best-known retailers -- Sears, Roebuck and Co. and Kmart -- agree to merge in a deal worth an estimated $11 billion. The proposed merger would create a new entity called Sears Holdings, but will be mainly controlled by Kmart executives. NPR's Jim Zarroli reports.

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Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.