Sears Holdings said it plans to spin off Lands' End, which would be its third spinoff since the beginning of last year. Associated Press.
Consumer spending in the U.S. rose more than forecast in October, a sign the biggest part of the economy is gaining momentum from a firming employment.
Markets are poised to bounce back from a string of losses Friday as investors wait for a monthly jobs report that could determine when the Federal Reserve starts reducing its support for the economy.
Logo of the United States Bureau of Economic Analysis, a part of the Department of Commerce. (Photo credit: Wikipedia). Economic growth is up while jobless claims are down, according to new economic data released Thursday morning.
Over the past few weeks, Tesla Motors Inc (NASDAQ:TSLA) stock has fallen from the all-time high of about $193 to near $140. Some argued that the decline was fueled by three incidences of car fires in less than six weeks.