Sears Holdings Corp. (SHLD:US) plans to spin off its Lands' End Inc. clothing and accessories unit as Edward Lampert, the retailer's chairman, CEO and largest investor, unloads assets amid a six-year sales slump.
Investors are examining the data to determine when the Federal Reserve will scale back, or taper, its $85 billion per month stimulus program.
U.S. consumers increased their spending in October even though their wages and salaries barely increased, raising questions about how strong the economy will grow at the end of the year.
Friday 30 year fixed rate mortgages at Wells Fargo (NYSE:WFC) are available starting at 4.625% today and an APR of 4.994%. 30 year FHA loans have been listed at 4.250% yielding an APR of 5.586%.
The dollar rose against most of its peers Friday, after government data showed the economy added more jobs than expected in November, bolstering the argument for an imminent rollback of the Federal Reserve's economic stimulus policy.