U.S. Markets open in 9 hrs 7 mins

Sears takes a dive, Michael Kors slips, Pandora soars

Let’s check out the Yahoo Finance charts of the day.

Sears (SHLD): The hedge fund owned by Sears CEO Eddie Lampert proposed restructuring the department store chain’s debt by about 78 percent to 1.2 billion dollars. The proposal is an attempt to avoid bankruptcy.

Michael Kors (KORS):  According to multiple reports. the luxury goods maker is near a deal to buy Versace that would value the luxury fashion company at $2 billion.

Pandora (P): SiriusXM is acquiring the streaming music service outright in an all-stock deal worth $3.5 billion. It gives the satellite radio company access to Pandora’s 70 million monthly users.

For more on today’s big stock movers check out the Final Round, live at 3:30 p.m. ET, right here on Yahoo Finance.