(Reuters) - Eddie Lampert-controlled Sears Holdings Corp (SHLD.O), struggling with mounting operating losses and declining sales, said it would spin off its Lands' End clothing business, adding to the list of assets sold off to raise cash.
IN BITCOIN, FRAUD IS QUICKER THAN THE LAW | Pump-and-dump schemes are shut down in the financial markets all the time. But such frauds involving digital money like Bitcoin have gone unchecked, Nathaniel Popper reports in DealBook.
Ty Wright/Bloomberg. Shoppers at the Easton Towne Center in Columbus, Ohio. 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.
All three major U.S. stock indexes bounced back from four days of losses Friday as investors cheered a better-than expected November jobs report.
U.S. stock futures jumped Friday after the Labor Department said 203,000 new jobs were added in November and the unemployment rate fell to 7% from 7.3% a month earlier.