Northern,WI  11/17/2012 (BasicsMedia) – As the weekend comes into site things seem to be heating up on Wall Street as the temperatures cool down.

Leading the way today is E.Land World Ltd. which is a South Korean apparel distributor. E.Land is up a whopping 42% on news that the company agreed to pay about $170 million for K- Swiss Inc. (KSWS) to add the money-losing U.S.-based athletic shoemaker’s brands to its portfolio.

K-Swiss stockholders will receive $4.75 in cash per share, 49 percent more than yesterday’s closing price on the Nasdaq Stock Market, the Westlake Village, California-based shoemaker and E-Land said yesterday in a statement.

K-Swiss sales have dropped by about 50 percent since 2005 and the shares have plunged 91 percent from the 2006 high as the shoemaker’s all-white casual sneakers fell out of fashion and the company failed to take advantage of growth in athletic footwear demand. Revenue in the 12 months through September was $231.3 million, compared with $508.6 million in calendar 2005. Net losses from 2009, 2010 and 2011 totaled more than $160 million.

E.Land’s business “will provide K-Swiss with the resources and scale to return to its former performance levels,” Steven Nichols, president of the shoemaker said in the statement yesterday.

Goldman Sachs & Co. advised K-Swiss, while Morgan Stanley advised E.Land World, according to the statement.

One of our other leaders up over 60% is NewLead Holdings (NEWL). The company announced that the company has entered into an agreement to acquire title and excavation rights in properties containing 18.6M tons of estimated coal reserves for $11M. NewLead also entered into an agreement to acquire ownership and leasehold interests in properties containing approximately 143.1M tons of coal for $55M. These agreements are expected to generate $873.5M of revenue over a three-year period.

Last but not least is the CBS Corporation (CBS) which is up over 10% this morning. Part of the reason the company is climbing after the company announced  that it would seek to convert its outdoor advertising operating segment in the Americas into a real estate investment trust, or REIT. The unit sells ads on billboard, in sports stadiums, and in a variety of other locations. Meanwhile, the company added that it would seek to sell its outdoor operations in Europe and Asia.

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